Accounting at Minnesota State University-Mankato
Bachelor's Degree
Analysis
Minnesota State-Mankato's accounting program delivers solid middle-class outcomes at a reasonable price point. Graduates earn $60,573 in their first year—about $7,000 above the national median for accounting majors and comfortably above Minnesota's state median. With debt of $24,250, students face manageable monthly payments of roughly $250, representing just 40% of that first year's salary. That's a fundamentally sound financial picture.
What's worth noting is how this program performs against Minnesota's competitive accounting landscape. While it ranks in the 60th percentile statewide, the gap to top programs is narrow—just $6,000 less than University of Minnesota-Twin Cities grads earn, despite MSU-Mankato's 91% admission rate making it far more accessible. Earnings growth to $66,787 by year four shows this isn't a ceiling; graduates continue advancing.
For families focused on return on investment rather than prestige, this is exactly what public higher education should deliver: professionally credentialed accountants earning well above national averages without burdensome debt. The 76th percentile national ranking confirms this isn't just adequate—it's genuinely competitive. Unless your child is set on the University of Minnesota system and willing to navigate its selectivity, MSU-Mankato offers comparable career outcomes at what's likely a lower total cost of attendance.
Where Minnesota State University-Mankato Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Minnesota State University-Mankato graduates compare to all programs nationally
Minnesota State University-Mankato graduates earn $61k, placing them in the 76th percentile of all accounting bachelors programs nationally.
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.
Compare to Similar Programs in Minnesota
Accounting bachelors's programs at peer institutions in Minnesota (31 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Minnesota State University-Mankato | $60,573 | $66,787 | $24,250 | 0.40 |
| University of Minnesota-Twin Cities | $66,591 | $80,603 | $22,342 | 0.34 |
| Bethel University | $65,587 | — | — | — |
| University of St Thomas | $65,573 | $70,313 | $25,000 | 0.38 |
| Augsburg University | $64,695 | $69,716 | $26,996 | 0.42 |
| College of Saint Benedict | $64,410 | $66,880 | $26,925 | 0.42 |
| National Median | $53,694 | — | $25,000 | 0.47 |
Other Accounting Programs in Minnesota
Compare tuition, earnings, and debt across Minnesota schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of Minnesota-Twin Cities Minneapolis | $16,488 | $66,591 | $22,342 |
| Bethel University Saint Paul | $42,930 | $65,587 | — |
| University of St Thomas Saint Paul | $52,284 | $65,573 | $25,000 |
| Augsburg University Minneapolis | $43,942 | $64,695 | $26,996 |
| College of Saint Benedict Saint Joseph | $53,884 | $64,410 | $26,925 |
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 Minnesota State University-Mankato, approximately 20% 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 62 graduates with reported earnings and 74 graduates with debt data. Small samples may not be representative.