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
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| 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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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $20,988 | $58,850 | $67,748 | $27,000 | 0.46 | |
| $49,944 | $65,922 | $75,593 | $20,500 | 0.31 | |
| $10,964 | $65,373 | $77,201 | $22,500 | 0.34 | |
| $51,040 | $61,529 | $68,921 | $26,840 | 0.44 | |
| $38,298 | $61,147 | $70,373 | — | — | |
| $9,728 | $61,088 | $71,359 | $21,525 | 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 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.