Analysis
Calvin University's accounting graduates start at $48,637—below both the Michigan median ($52,668) and national average ($53,694), ranking in just the 40th percentile among Michigan programs. For a field like accounting where entry-level salaries are typically standardized across firms, this gap is noteworthy. The program sits well behind Michigan State ($65,965) and even smaller competitors like Aquinas College ($63,311). The modest debt load of $23,250 provides some cushion, but you're still paying similar amounts to attend schools where graduates earn $10,000-15,000 more right out of the gate.
The 45% earnings jump to $70,257 by year four offers redemption—graduates eventually reach competitive mid-career levels. This suggests Calvin accounting grads catch up once they've proven themselves, though those first few years mean delayed wealth-building compared to peers at stronger programs. The small sample size (under 30 graduates tracked) makes these numbers less reliable than data from larger programs.
If your child has already committed to Calvin for other reasons—campus culture, location, or cost after aid—the accounting program won't derail their career. But if you're choosing between Michigan schools purely on outcomes, several options deliver stronger immediate returns for similar debt. The eventual earnings growth is encouraging, but four years is a long time to wait to catch up.
Where Calvin University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How Calvin University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Calvin University | $48,637 | $70,257 | +44% |
| Michigan State University | $65,965 | $75,633 | +15% |
| Hope College | $61,120 | $75,233 | +23% |
| Oakland University | $59,833 | $69,885 | +17% |
| Concordia University Ann Arbor | $51,908 | $67,933 | +31% |
Compare to Similar Programs in Michigan
Accounting bachelors's programs at peer institutions in Michigan (37 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $38,670 | $48,637 | $70,257 | $23,250 | 0.48 | |
| $15,988 | $65,965 | $75,633 | $23,250 | 0.35 | |
| $38,520 | $63,311 | — | — | — | |
| $14,190 | $62,430 | $65,971 | $29,000 | 0.46 | |
| $55,746 | $62,266 | — | $27,000 | 0.43 | |
| — | $61,960 | $59,351 | $21,587 | 0.35 | |
| National Median | — | $53,694 | — | $25,000 | 0.47 |
Career Paths
Occupations commonly associated with accounting graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Financial and Investment Analysts
Financial Risk Specialists
Financial Examiners
Budget Analysts
Business Teachers, Postsecondary
Accountants and Auditors
Tax Examiners and Collectors, and Revenue Agents
Bookkeeping, Accounting, and Auditing Clerks
Payroll and Timekeeping Clerks
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Calvin University, approximately 14% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 21 graduates with reported earnings and 36 graduates with debt data. Small samples may not be representative.