Median Earnings (1yr)
$58,850
69th percentile
40th percentile in Iowa
Median Debt
$27,000
8% above national median

Analysis

Central College's accounting graduates start at nearly $59,000—well above the national median and competitive with larger Iowa programs—but there's an important catch. Despite being in the 69th percentile nationally, these graduates land in the 40th percentile among Iowa accounting programs, trailing schools like Drake and the University of Iowa by $7,000-8,000. That state-level positioning matters since most graduates will likely compete for jobs within Iowa's accounting market.

The financial fundamentals work strongly in students' favor here. With just $27,000 in median debt and solid earnings progression to nearly $68,000 by year four, graduates face a manageable 0.46 debt-to-earnings ratio—considerably better than the national norm. The 15% earnings growth over four years suggests graduates are gaining traction in their careers, not stalling out early.

The biggest caveat: this data comes from fewer than 30 graduates, so individual outcomes could vary significantly from these medians. For families comfortable with a smaller liberal arts college, Central delivers respectable accounting outcomes at a reasonable debt load. Just recognize you're paying roughly the same amount as students at higher-earning Iowa programs, so if maximizing starting salary is the priority, those alternatives deserve consideration. For students who value Central's environment and fit, the numbers support moving forward—the program won't leave them financially struggling.

Where Central College Stands

Earnings vs. debt across all accounting bachelors's programs nationally

Earnings Distribution

How Central College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Central College$58,850$67,748+15%
University of Iowa$65,373$77,201+18%
Drake University$65,922$75,593+15%
Luther College$60,068$74,629+24%
University of Northern Iowa$61,088$71,359+17%

Compare to Similar Programs in Iowa

Accounting bachelors's programs at peer institutions in Iowa (23 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Central CollegePella$20,988$58,850$67,748$27,0000.46
Drake UniversityDes Moines$49,944$65,922$75,593$20,5000.31
University of IowaIowa City$10,964$65,373$77,201$22,5000.34
Wartburg CollegeWaverly$51,040$61,529$68,921$26,8400.44
Loras CollegeDubuque$38,298$61,147$70,373
University of Northern IowaCedar Falls$9,728$61,088$71,359$21,5250.35
National Median$53,694$25,0000.47

Career Paths

Occupations commonly associated with accounting graduates

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

$161,700/yrJobs growth:Bachelor's degree

Treasurers and Controllers

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

$161,700/yrJobs growth:Bachelor's degree

Investment Fund Managers

Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$161,700/yrJobs growth:Bachelor's degree

Financial and Investment Analysts

Conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

$101,910/yrJobs growth:Bachelor's degree

Financial Risk Specialists

Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.

$101,910/yrJobs growth:Bachelor's degree

Financial Examiners

Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.

$90,400/yrJobs growth:Bachelor's degree

Budget Analysts

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

$87,930/yrJobs growth:Bachelor's degree

Business Teachers, Postsecondary

Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Accountants and Auditors

Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.

$81,680/yrJobs growth:Bachelor's degree

Tax Examiners and Collectors, and Revenue Agents

Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

$59,740/yrJobs growth:Bachelor's degree

Bookkeeping, Accounting, and Auditing Clerks

Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.

$49,210/yrJobs growth:Some college, no degree

Payroll and Timekeeping Clerks

Compile and record employee time and payroll data. May compute employees' time worked, production, and commission. May compute and post wages and deductions, or prepare paychecks.

$48,650/yrJobs growth:High school diploma or equivalent
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 Central College, approximately 21% 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.