Analysis
Looking at comparable accounting programs across Minnesota, first-year earnings around $43,500 against estimated debt of $21,500 creates a manageable debt-to-earnings ratio of 0.49—meaning graduates would owe about half their first year's salary. That's relatively modest and puts this pathway in workable territory for most students. However, the four-year earnings figure of $39,723 is lower than the initial estimate, which inverts the typical career trajectory and suggests either that these graduates are working part-time, shifting into lower-paying roles, or facing a sluggish local accounting market.
When you look at other Minnesota community colleges with reported outcomes—North Hennepin grads start at nearly $50,000, Century at $47,000—there's clearly a range of results even within the same state system. Lake Superior's estimated positioning near the middle of the pack isn't alarming, but the downward earnings trend after four years deserves scrutiny. If your child plans to stay in the Duluth area, investigate whether regional employment opportunities align with their career goals, since location could be constraining long-term growth.
The fundamental math works: estimated debt is reasonable and typical for Minnesota associate programs in this field. But before committing, you'd want to understand why earnings appear to decline rather than grow, and whether graduates are finding full-time work in their field or pivoting elsewhere.
Where Lake Superior College Stands
Earnings vs. debt across all accounting associates's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Lake Superior College | — | $39,723 | — |
| Anoka-Ramsey Community College | $43,520 | $50,060 | +15% |
| North Hennepin Community College | $49,685 | $48,712 | -2% |
| Dakota County Technical College | $37,289 | $48,370 | +30% |
| Rasmussen University-Minnesota | $43,765 | $44,358 | +1% |
Compare to Similar Programs in Minnesota
Accounting associates's programs at peer institutions in Minnesota (28 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $5,786 | $43,520* | $39,723 | $21,469* | — | |
| $5,050 | $49,685* | $48,712 | —* | — | |
| $6,182 | $46,996* | $42,456 | —* | — | |
| $10,899 | $43,765* | $44,358 | $23,823* | 0.54 | |
| $5,682 | $43,520* | $50,060 | $22,083* | 0.51 | |
| $5,900 | $39,742* | $34,414 | $26,790* | 0.67 | |
| National Median | — | $37,000* | — | $19,354* | 0.52 |
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 Lake Superior College, approximately 19% 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 7 similar programs in MN. Actual outcomes may vary.