Median Earnings (1yr)
$63,743
84th percentile
60th percentile in Illinois
Median Debt
$18,500
26% below national median

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 payโ€”a 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

School1 Year4 YearsGrowth
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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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Northern Illinois UniversityDekalb$12,700$63,743$73,170$18,5000.29
University of Illinois Urbana-ChampaignChampaign$16,004$74,731$80,736$20,5000.27
Illinois Wesleyan UniversityBloomington$55,704$70,831$85,000$27,0000.38
Loyola University ChicagoChicago$51,716$69,965$82,642$22,1250.32
DePaul UniversityChicago$44,460$69,250$80,614$24,5000.35
Bradley UniversityPeoria$39,680$65,842$72,938$26,9250.41
National Medianโ€”$53,694โ€”$25,0000.47

Career Paths

Occupations commonly associated with accounting graduates

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

$161,700/yrJobs growth:Bachelor's degree

Treasurers and Controllers

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

$161,700/yrJobs growth:Bachelor's degree

Investment Fund Managers

Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$161,700/yrJobs growth:Bachelor's degree

Financial and Investment Analysts

Conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

$101,910/yrJobs growth:Bachelor's degree

Financial Risk Specialists

Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.

$101,910/yrJobs growth:Bachelor's degree

Financial Examiners

Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.

$90,400/yrJobs growth:Bachelor's degree

Budget Analysts

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

$87,930/yrJobs growth:Bachelor's degree

Business Teachers, Postsecondary

Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Accountants and Auditors

Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.

$81,680/yrJobs growth:Bachelor's degree

Tax Examiners and Collectors, and Revenue Agents

Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

$59,740/yrJobs growth:Bachelor's degree

Bookkeeping, Accounting, and Auditing Clerks

Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.

$49,210/yrJobs growth:Some college, no degree

Payroll and Timekeeping Clerks

Compile and record employee time and payroll data. May compute employees' time worked, production, and commission. May compute and post wages and deductions, or prepare paychecks.

$48,650/yrJobs growth:High school diploma or equivalent
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.