Analysis
Minnesota State-Mankato's accounting program delivers solid middle-class outcomes at a reasonable price point. Graduates earn $60,573 in their first yearβabout $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 narrowβjust $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 adequateβit'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
Earnings Distribution
How Minnesota State University-Mankato 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 |
|---|---|---|---|
| Minnesota State University-Mankato | $60,573 | $66,787 | +10% |
| University of Minnesota-Twin Cities | $66,591 | $80,603 | +21% |
| Saint Johns University | $61,135 | $74,757 | +22% |
| Gustavus Adolphus College | $64,094 | $73,508 | +15% |
| University of St Thomas | $65,573 | $70,313 | +7% |
Compare to Similar Programs in Minnesota
Accounting bachelors's programs at peer institutions in Minnesota (31 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $9,490 | $60,573 | $66,787 | $24,250 | 0.40 | |
| $16,488 | $66,591 | $80,603 | $22,342 | 0.34 | |
| $42,930 | $65,587 | β | β | β | |
| $52,284 | $65,573 | $70,313 | $25,000 | 0.38 | |
| $43,942 | $64,695 | $69,716 | $26,996 | 0.42 | |
| $53,884 | $64,410 | $66,880 | $26,925 | 0.42 | |
| 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 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.