Analysis
Based on comparable accounting programs in New Jersey, Centenary's bachelor's degree suggests a debt load of about $25,000—right at the national median—paired with estimated first-year earnings around $54,000. That 0.46 debt-to-earnings ratio falls comfortably within reasonable parameters for an accounting degree, though it's worth noting that peer programs in the state show a significant performance spread. The top-performing NJ accounting programs—Rutgers, Seton Hall, and The College of New Jersey—report graduate earnings $15,000 to $20,000 higher, which matters considerably when you're starting a career in a competitive field like accounting.
The challenge here is that we're working with estimates derived from similar programs rather than Centenary's actual outcomes. For a school with a 97% admission rate serving a substantial population of Pell-eligible students, the question becomes whether graduates can access the same employment networks and CPA-track positions that drive higher earnings at more selective institutions. New Jersey's strong financial services sector creates opportunity, but accounting is increasingly credentialed—firms often prioritize candidates who can sit for the CPA exam quickly and who come with established recruiting pipelines.
If your child is committed to accounting and Centenary offers strong faculty mentorship or local employer connections, the estimated debt burden isn't prohibitive. But given the $15,000+ earnings gap suggested by top state programs, explore whether those schools might be accessible and whether the career services office has concrete placement data in public accounting firms or corporate finance roles.
Where Centenary University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in New Jersey
Accounting bachelors's programs at peer institutions in New Jersey (23 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $37,732 | $53,852* | — | $25,000* | — | |
| $18,685 | $74,403* | $85,225 | $22,500* | 0.30 | |
| $51,370 | $69,411* | $87,039 | $25,000* | 0.36 | |
| $16,586 | $68,141* | $78,766 | $22,770* | 0.33 | |
| $17,079 | $68,141* | $78,766 | $22,770* | 0.33 | |
| $17,239 | $68,141* | $78,766 | $22,770* | 0.33 | |
| 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 Centenary University, approximately 38% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 19 similar programs in NJ. Actual outcomes may vary.