Median Earnings (1yr)
$48,637
27th percentile (40th in MI)
Median Debt
$23,250
7% below national median
Debt-to-Earnings
0.48
Manageable
Sample Size
21
Limited data

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

Calvin UniversityOther accounting programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Calvin University graduates compare to all programs nationally

Calvin University graduates earn $49k, placing them in the 27th percentile of all accounting bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Michigan

Accounting bachelors's programs at peer institutions in Michigan (37 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Calvin University$48,637$70,257$23,2500.48
Michigan State University$65,965$75,633$23,2500.35
Aquinas College$63,311———
Central Michigan University$62,430$65,971$29,0000.46
Albion College$62,266—$27,0000.43
Walsh College$61,960$59,351$21,5870.35
National Median$53,694—$25,0000.47

Other Accounting Programs in Michigan

Compare tuition, earnings, and debt across Michigan schools

SchoolIn-State TuitionEarnings (1yr)Debt
Michigan State University
East Lansing
$15,988$65,965$23,250
Aquinas College
Grand Rapids
$38,520$63,311—
Central Michigan University
Mount Pleasant
$14,190$62,430$29,000
Albion College
Albion
$55,746$62,266$27,000
Walsh College
Troy
—$61,960$21,587

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.