Analysis
Muhlenberg's accounting graduates start at nearly $69,000βplacing this program in the 95th percentile nationally but the 60th percentile among Pennsylvania's many accounting programs. That gap tells an important story: Pennsylvania has an unusually strong concentration of accounting programs, with schools like Villanova and Lehigh pushing starting salaries above $77,000. Still, Muhlenberg's outcomes substantially exceed both national and state medians, and the $27,000 debt load is perfectly average for Pennsylvania accounting programs.
The economics here work well. With a debt-to-earnings ratio of 0.39, graduates owe roughly five months of their first-year salaryβa manageable burden that allows for aggressive debt repayment. Earnings grow steadily to $77,150 by year four, narrowing the gap with the state's elite programs. For a school with a 64% admission rate, these outcomes punch above their weight.
The main caveat is sample size: fewer than 30 graduates reported data, so individual outliers could skew these numbers significantly. But if you're comparing Muhlenberg to regional competitors outside the Villanova-Lehigh tier, this program delivers solid return on investment. The combination of below-average debt and well-above-average earnings creates a low-risk path into accounting, even if it doesn't quite match Pennsylvania's top-tier programs.
Where Muhlenberg College Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How Muhlenberg College 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 |
|---|---|---|---|
| Muhlenberg College | $68,852 | $77,150 | +12% |
| Lehigh University | $77,026 | $95,363 | +24% |
| Bucknell University | $75,776 | $93,021 | +23% |
| Villanova University | $77,966 | $91,268 | +17% |
| University of Scranton | $70,453 | $85,314 | +21% |
Compare to Similar Programs in Pennsylvania
Accounting bachelors's programs at peer institutions in Pennsylvania (76 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $60,240 | $68,852 | $77,150 | $27,000 | 0.39 | |
| $64,701 | $77,966 | $91,268 | $25,858 | 0.33 | |
| $62,180 | $77,026 | $95,363 | $23,179 | 0.30 | |
| $64,772 | $75,776 | $93,021 | $26,881 | 0.35 | |
| $52,309 | $70,453 | $85,314 | $27,000 | 0.38 | |
| $60,663 | $70,069 | $76,765 | $28,832 | 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 Muhlenberg College, approximately 21% 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 21 graduates with reported earnings and 21 graduates with debt data. Small samples may not be representative.