Analysis
Gustavus Adolphus graduates enter accounting careers earning $64,094βnearly $10,000 above the national median and competitive with Minnesota's top private colleges. While this lands at the 60th percentile statewide (just behind heavyweights like University of St Thomas and Bethel), it significantly outperforms three-quarters of accounting programs nationally. Graduates carry debt of $26,959, which translates to a manageable 0.42 debt-to-earnings ratio that's well below concerning thresholds.
The earnings trajectory here is solid, with graduates seeing 15% growth to $73,508 by year four. Among Minnesota's 31 accounting programs, Gustavus holds its own against schools with higher name recognition. The combination of strong first-year earnings and reasonable debt load means graduates can realistically handle their loan payments while building careersβaccounting typically offers stable employment prospects that make this financial picture sustainable.
For families weighing a $27,000 debt load against starting salaries in the mid-$60s, this represents a straightforward value proposition. The program delivers outcomes on par with the state's most competitive options, and graduates earn enough from day one to service their debt comfortably. If your child is serious about accounting and values the liberal arts college environment, Gustavus produces results that justify the investment.
Where Gustavus Adolphus College Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How Gustavus Adolphus 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 |
|---|---|---|---|
| Gustavus Adolphus College | $64,094 | $73,508 | +15% |
| University of Minnesota-Twin Cities | $66,591 | $80,603 | +21% |
| Saint Johns University | $61,135 | $74,757 | +22% |
| University of St Thomas | $65,573 | $70,313 | +7% |
| Augsburg University | $64,695 | $69,716 | +8% |
Compare to Similar Programs in Minnesota
Accounting bachelors's programs at peer institutions in Minnesota (31 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $54,310 | $64,094 | $73,508 | $26,959 | 0.42 | |
| $16,488 | $66,591 | $80,603 | $22,342 | 0.34 | |
| $42,930 | $65,587 | β | β | β | |
| $52,284 | $65,573 | $70,313 | $25,000 | 0.38 | |
| $43,942 | $64,695 | $69,716 | $26,996 | 0.42 | |
| $53,884 | $64,410 | $66,880 | $26,925 | 0.42 | |
| National Median | β | $53,694 | β | $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 Gustavus Adolphus 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.
Sample Size: Based on 30 graduates with reported earnings and 29 graduates with debt data. Small samples may not be representative.