Analysis
Northern Illinois University's accounting program delivers strong starting salaries at roughly half the debt burden of a typical accounting graduate. While first-year earnings of $63,743 trail top Illinois programs by $10,000 or more, the $18,500 median debt is significantly lower than both the state median ($23,452) and national average ($25,000). That 0.29 debt-to-earnings ratio means graduates can theoretically pay off their loans in less than four months of gross payโa remarkably favorable position for launching a career.
The program ranks in the 60th percentile among Illinois accounting programs but jumps to the 84th percentile nationally, suggesting it punches above its weight compared to accounting degrees across the country. Earnings grow steadily to $73,170 by year four, a 15% increase that indicates graduates are gaining ground in their careers. For context, this is a regional public university with a 70% admission rate and nearly half of students receiving Pell grants, yet it produces outcomes that compete reasonably well with far more selective institutions.
The value equation here is straightforward: your child gets access to Chicago-area accounting opportunities (Dekalb is roughly 60 miles west) with manageable debt and solid early earnings. Unless they can secure admission to U of I or another top Illinois program, this represents a smart financial path into accounting without the premium price tag.
Where Northern Illinois University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How Northern Illinois University 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 |
|---|---|---|---|
| Northern Illinois University | $63,743 | $73,170 | +15% |
| Illinois Wesleyan University | $70,831 | $85,000 | +20% |
| Loyola University Chicago | $69,965 | $82,642 | +18% |
| University of Illinois Urbana-Champaign | $74,731 | $80,736 | +8% |
| DePaul University | $69,250 | $80,614 | +16% |
Compare to Similar Programs in Illinois
Accounting bachelors's programs at peer institutions in Illinois (42 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $12,700 | $63,743 | $73,170 | $18,500 | 0.29 | |
| $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 | โ | $53,694 | โ | $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 Northern Illinois University, approximately 46% 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 90 graduates with reported earnings and 171 graduates with debt data. Small samples may not be representative.