Accounting at Drake University

Drake's accounting program produces strong national outcomes—graduates earn $66k right out of school, putting them in the 90th percentile nationally and ahead of even the national 75th percentile mark. The $20,500 median debt is also notably lower than both the national and Iowa medians, creating a debt-to-earnings ratio of just 0.31. That's a solid financial foundation for new accountants.

Within Iowa, the picture is more nuanced. Drake's first-year earnings essentially tie with the University of Iowa and exceed most other in-state options, but it's not as dominant as the national comparison suggests—it ranks in the 60th percentile statewide. Still, the combination of competitive earnings and below-average debt gives Drake an edge over many Iowa schools that saddle students with higher loans. The 15% earnings growth to $75k by year four shows steady career progression.

The major caveat: this data comes from fewer than 30 recent graduates, so individual outcomes could vary more than these numbers suggest. That said, for a program at a selective-admission school with manageable debt and earnings that outpace most accounting programs nationwide, Drake appears to deliver tangible value. If your student is considering accounting and Drake is already on their list, the financial fundamentals support that choice.