Analysis
New Mexico State's accounting program shows first-year graduates earning $38,057—significantly below both the state median of $45,318 and the national median of $53,694. This lands in just the 5th percentile nationally, which is concerning even accounting for the program's small sample size of under 30 graduates. Within New Mexico's seven accounting programs, it ranks in the 25th percentile, notably trailing Eastern New Mexico University where graduates start at $52,579.
The silver lining is aggressive earnings growth: salaries jump 40% to $53,098 by year four, eventually reaching competitive levels. The debt burden of $14,750 is also manageable—well below both state and national medians—yielding a debt-to-earnings ratio of 0.39 that makes the debt easily serviceable even during that weaker first year. For context, typical accounting programs nationally carry $25,000 in debt.
The real question is whether that slow start matters for your child's specific situation. If they plan to stay in New Mexico and can weather lower initial paychecks (perhaps by living at home), the combination of low debt and eventual catch-up growth could work. However, if immediate earnings matter—whether for independence or loan repayment—this program appears to lag its in-state competitors from day one. With limited sample data, these patterns could shift year to year, but the current picture suggests exploring Eastern New Mexico or out-of-state options if strong starting salaries are the priority.
Where New Mexico State University-Main Campus Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How New Mexico State University-Main Campus 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 |
|---|---|---|---|
| New Mexico State University-Main Campus | $38,057 | $53,098 | +40% |
| Georgetown University | $89,564 | $127,971 | +43% |
| Santa Clara University | $78,417 | $101,411 | +29% |
| Washington and Lee University | $81,625 | $101,332 | +24% |
| Eastern New Mexico University-Main Campus | $52,579 | $57,219 | +9% |
Compare to Similar Programs in New Mexico
Accounting bachelors's programs at peer institutions in New Mexico (7 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $8,147 | $38,057 | $53,098 | $14,750 | 0.39 | |
| $6,863 | $52,579 | $57,219 | $19,105 | 0.36 | |
| National Median | — | $53,694 | — | $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 New Mexico State University-Main Campus, approximately 40% 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 24 graduates with reported earnings and 42 graduates with debt data. Small samples may not be representative.