Est. Earnings (1yr)
$36,181
Est. from MI median (3 programs)
Est. Median Debt
$13,248
Est. from MI median (4 programs)

Analysis

For an associate's in accounting, debt levels matter as much as starting pay, and the estimated $13,248 in borrowing here compares favorably to what similar Michigan programs typically see ($17,621). Combined with first-year earnings around $36,181—consistent with the state median for accounting associate's degrees—this creates a manageable debt-to-earnings ratio of 0.37, meaning graduates could theoretically pay off their loans with roughly four months' salary.

The earnings picture based on comparable Michigan programs puts Lake Superior State graduates right in the middle of the pack. Oakland Community College's accounting grads start about $4,000 higher annually, while Grand Rapids CC sits slightly below. Nationally, the estimated earnings here track closely with the $37,000 median, suggesting this program should prepare students adequately for entry-level bookkeeping and accounting support roles, though it's worth noting that accounting is a field where career advancement often requires additional credentials like bachelor's degrees or professional certifications.

The modest estimated debt load is the real advantage here. If your child can graduate with borrowing below $14,000 and secure work in the mid-$30,000s, they'll have breathing room other associate's degree holders don't always get. Just remember these figures are extrapolated from peer programs in Michigan, not Lake Superior State's actual graduate outcomes—the school's small cohort size means their specific results aren't publicly available.

Where Lake Superior State University Stands

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

Compare to Similar Programs in Michigan

Accounting associates's programs at peer institutions in Michigan (35 total in state)

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Lake Superior State UniversitySault Ste Marie$14,266$36,181*$13,248*
Oakland Community CollegeAuburn Hills$3,020$40,424*$46,109$21,496*0.53
Baker CollegeOwosso$12,810$36,181*$38,187$26,067*0.72
Grand Rapids Community CollegeGrand Rapids$4,059$35,538*$42,721$12,750*0.36
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 Lake Superior State University, approximately 29% 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 3 similar programs in MI. Actual outcomes may vary.