Analysis
McKendree's accounting program starts graduates slightly ahead of typical Illinois accounting majorsβlanding at the 60th percentile statewide with $55,313 in first-year earnings. The $21,500 in median debt is lower than both state and national averages, creating a manageable debt-to-earnings ratio of 0.39. For families seeking a solid accounting credential without crushing debt, this checks important boxes.
The concerning element is the earnings trajectory: graduates actually earn less four years out ($52,457) than they do initially. While this -5% decline could reflect graduates pursuing CPA credentials or switching career paths temporarily, it's worth understanding. The small sample size (under 30 graduates) means these numbers could shift significantly year to year, but the pattern suggests McKendree doesn't place students into the high-growth accounting track that Illinois's top programs deliverβwhere Urbana-Champaign and DePaul graduates earn $70,000+.
For a family prioritizing affordability and a direct path to employment, McKendree offers reasonable value: manageable debt and starting salaries that let graduates comfortably make payments. But if your child aims for public accounting partnership or corporate finance leadership, understand that this program performs in the middle of Illinois's accounting landscape, not at the top. The modest debt load provides flexibility to pivot or pursue additional credentials later.
Where McKendree University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How McKendree University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| McKendree University | $55,313 | $52,457 | -5% |
| Illinois Wesleyan University | $70,831 | $85,000 | +20% |
| Loyola University Chicago | $69,965 | $82,642 | +18% |
| University of Illinois Urbana-Champaign | $74,731 | $80,736 | +8% |
| DePaul University | $69,250 | $80,614 | +16% |
Compare to Similar Programs in Illinois
Accounting bachelors's programs at peer institutions in Illinois (42 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $34,070 | $55,313 | $52,457 | $21,500 | 0.39 | |
| $16,004 | $74,731 | $80,736 | $20,500 | 0.27 | |
| $55,704 | $70,831 | $85,000 | $27,000 | 0.38 | |
| $51,716 | $69,965 | $82,642 | $22,125 | 0.32 | |
| $44,460 | $69,250 | $80,614 | $24,500 | 0.35 | |
| $39,680 | $65,842 | $72,938 | $26,925 | 0.41 | |
| 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 McKendree 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.
Sample Size: Based on 22 graduates with reported earnings and 27 graduates with debt data. Small samples may not be representative.