Analysis
Minnesota State University Moorhead's accounting graduates start nearly $8,000 behind the state median of $58,472, landing in just the 40th percentile among Minnesota's 31 accounting programs. That gap persists even after four years, when earnings reach $59,279βstill trailing the stronger performers like University of Minnesota-Twin Cities ($66,591) or Bethel University ($65,587). The modest debt load of $22,500 provides some cushion, coming in below both state and national medians, but it doesn't fully compensate for the earnings disadvantage.
The concerning pattern here is that graduates appear locked into a lower earnings trajectory from the start. While 17% growth over four years sounds reasonable, it doesn't close the gap with top Minnesota programs. For a field like accounting where credentials matter significantly, this placement suggests either weaker recruiting connections or students landing at smaller regional firms with lower pay scales.
The small sample size (under 30 graduates) means these numbers could shift considerably year to year, but the consistent underperformance relative to Minnesota peers is hard to ignore. If your child is Minnesota-bound for accounting, programs like UMN-Twin Cities or the private schools (Bethel, St. Thomas) deliver substantially better outcomes. This program works if cost is the primary driver and expectations are calibrated to mid-tier accounting roles, but it's not competing with Minnesota's accounting leaders.
Where Minnesota State University Moorhead Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How Minnesota State University Moorhead 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 Moorhead | $50,867 | $59,279 | +17% |
| 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 |
|---|---|---|---|---|---|
| $10,336 | $50,867 | $59,279 | $22,500 | 0.44 | |
| $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 Moorhead, approximately 27% 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 29 graduates with reported earnings and 35 graduates with debt data. Small samples may not be representative.