Analysis
Similar accounting programs across North Carolina suggest first-year earnings around $48,500—a figure that falls well short of the national median of $53,700 for accounting bachelor's degrees. The estimated debt of roughly $26,000 produces a reasonable 0.54 debt-to-earnings ratio, meaning graduates would owe about half their first year's salary. That's manageable on paper, but the earnings gap becomes harder to ignore when you see what other NC programs deliver: Elon's accounting grads start at nearly $70,000, and even public universities like NC State and Appalachian State produce median outcomes above $55,000.
The question is whether Lenoir-Rhyne's smaller program (hence the suppressed data) offers something—stronger faculty mentorship, local employer connections in the Hickory area, targeted CPA exam preparation—that helps its graduates match or exceed these statewide figures. Without actual outcome data, you're making a bet that this program performs at least as well as the state average. That's not unreasonable given the moderate debt load, but accounting is a field where earning power matters from day one, and peer programs are demonstrably producing stronger results. If you're paying private-school prices, make sure the school can explain how its graduates compete for positions at regional accounting firms and what their actual CPA pass rates and placement numbers look like.
Where Lenoir-Rhyne University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in North Carolina
Accounting bachelors's programs at peer institutions in North Carolina (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $30,900 | $48,489* | — | $25,982* | — | |
| $44,536 | $69,764* | $87,359 | $20,000* | 0.29 | |
| $8,895 | $56,606* | $70,576 | $20,946* | 0.37 | |
| $7,541 | $55,671* | $67,922 | $23,262* | 0.42 | |
| $19,500 | $55,224* | $60,099 | $25,982* | 0.47 | |
| $7,461 | $53,705* | $55,852 | $22,612* | 0.42 | |
| National Median | — | $53,694* | — | $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 Lenoir-Rhyne University, approximately 40% 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 21 similar programs in NC. Actual outcomes may vary.