Analysis
Hillsdale's accounting program faces a significant challenge: while the college's 21% admission rate and 1433 average SAT suggest selectivity, comparable accounting programs in Michigan suggest first-year earnings around $52,668βwell below what top programs in the state actually report. Michigan State's accounting graduates earn $65,965, and even smaller schools like Aquinas and Albion send their accounting majors into the market at over $62,000. That $13,000+ gap matters when you're carrying an estimated $27,000 in debt.
The estimated debt-to-earnings ratio of 0.51 appears manageable on paper and aligns with peer programs in the state. But context matters: accounting is typically a strong-earnings field where graduates can command solid starting salaries. The disconnect here is that Hillsdale's highly selective admissions suggest exceptional students, yet the earnings estimate derived from Michigan's accounting programs places outcomes squarely at the state median rather than among the leaders. For a family paying private college tuition at an institution that admits just one in five applicants, this gap deserves scrutiny.
Before committing, request placement data directly from Hillsdale showing where their accounting graduates actually landβfirm types, locations, and verified starting salaries. The combination of high selectivity with middle-of-the-pack estimated outcomes suggests either a disconnect in how these graduates enter the job market or data that doesn't capture their actual trajectory.
Where Hillsdale College Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in Michigan
Accounting bachelors's programs at peer institutions in Michigan (37 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $32,092 | $52,668* | β | $27,000* | β | |
| $15,988 | $65,965* | $75,633 | $23,250* | 0.35 | |
| $38,520 | $63,311* | β | β* | β | |
| $14,190 | $62,430* | $65,971 | $29,000* | 0.46 | |
| $55,746 | $62,266* | β | $27,000* | 0.43 | |
| β | $61,960* | $59,351 | $21,587* | 0.35 | |
| 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 Hillsdale College, approximately 0% 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 25 similar programs in MI. Actual outcomes may vary.