Analysis
Accounting programs in Illinois show dramatic variation in outcomes, with top programs producing first-year earnings above $70,000 while others cluster around the $55,000 medianβand Monmouth College's program likely sits in that middle tier. Based on comparable accounting programs statewide, graduates here can expect to earn roughly $55,000 in their first year with about $25,000 in debt. That debt-to-earnings ratio of 0.46 suggests manageable repayment, though it's worth noting Illinois schools range from elite outcomes (University of Illinois grads earning nearly $75,000) to much more modest returns.
The key question is whether Monmouth's accessible admission standards (87% acceptance rate) create opportunity or signal a program that struggles to place graduates in higher-paying accounting positions. Similar Illinois programs at this selectivity level typically see students land entry-level bookkeeping or staff accounting roles rather than positions at the Big Four firms or major corporations where starting salaries approach $70,000. The debt load isn't crushing, but it's also not negligibleβyou're looking at monthly payments around $290 on a standard 10-year plan.
For families deciding between Monmouth and other Illinois options, the limited graduate data here means you're betting on an unknown outcome when programs just hours away have proven track records of substantially higher earnings. If location or financial aid makes Monmouth significantly more affordable than peer schools, the fundamentals aren't terrible. But this isn't a situation where you can point to clear evidence of strong graduate outcomes.
Where Monmouth College Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in Illinois
Accounting bachelors's programs at peer institutions in Illinois (42 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $43,520 | $54,694* | β | $25,250* | β | |
| $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 Monmouth College, approximately 31% 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 29 similar programs in IL. Actual outcomes may vary.