Est. Earnings (1yr)
$37,001
Est. from national median (118 programs)
Est. Median Debt
$15,979
Est. from national median (70 programs)

Analysis

Illinois accounting programs typically launch graduates into $45,000+ first-year earnings, but John Wood's estimated trajectory suggests a different reality. Peer programs nationally point to around $37,000 in first-year earnings—nearly $9,000 below the state median and roughly $10,000 behind what graduates from College of DuPage or Rasmussen earn. For an associate's degree that can lead directly to employment, that gap matters.

The estimated debt of roughly $16,000 is actually manageable compared to what similar programs nationally produce (around $19,000), and the debt-to-earnings ratio of 0.43 isn't alarming on its face. But context is everything: you're borrowing for outcomes that trail state standards by a significant margin. Whether that's due to regional employer demand in Quincy versus Chicago's suburbs or differences in program structure, the result is the same—lower earning potential in a field that usually offers solid entry-level wages.

For families where keeping costs low is paramount and local employment is the goal, this program delivers a credential without crushing debt. But if your child could access stronger accounting programs elsewhere in Illinois—even with slightly higher borrowing—the earnings difference could quickly justify that choice. The 39% Pell grant rate suggests many students here are cost-conscious; just make sure you're not trading too much future earning power for today's affordability.

Where John Wood Community College Stands

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

Compare to Similar Programs in Illinois

Accounting associates's programs at peer institutions in Illinois (44 total in state)

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
John Wood Community CollegeQuincy$5,700$37,001*—$15,979*—
College of DuPageGlen Ellyn$4,320$47,775*—$17,284*0.36
Rasmussen University-IllinoisRockford$13,546$43,765*$44,358$23,823*0.54
National Median—$37,000*—$19,354*0.52
* Estimated from similar programs

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 John Wood Community College, approximately 39% 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 national median of 118 similar programs. Actual outcomes may vary.