Accounting at Northwood University
Bachelor's Degree
Analysis
Northwood University's accounting graduates start significantly behind their peers—earning $45,217 in their first year compared to Michigan's median of $52,668—but demonstrate impressive catch-up growth. By year four, earnings reach $61,165, placing graduates near the state median and approaching Michigan State's level. This 35% earnings growth suggests the program may emphasize relationship-building and business development skills that take a few years to translate into income.
The challenge is weathering those early years. Starting $7,000 below the state average when you're carrying $24,000 in debt means tighter budgets initially. However, the debt load itself is reasonable—essentially in line with both state and national norms—and the debt-to-earnings ratio of 0.53 becomes more comfortable as salaries climb. At the 40th percentile among Michigan accounting programs, this isn't a top-tier outcome, but it's solidly middle-of-the-pack rather than bottom-tier.
For families prioritizing steady career progression over immediate earning power, this program works. Your child will likely need financial support or careful budgeting in those first two years, but the trajectory is positive. If starting salary matters most—say, to pay off debt quickly or achieve financial independence sooner—the programs at Michigan State or Central Michigan deliver $15,000-$20,000 more right out of the gate.
Where Northwood University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Northwood University graduates compare to all programs nationally
Northwood University graduates earn $45k, placing them in the 18th percentile of all accounting bachelors programs nationally.
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.
Compare to Similar Programs in Michigan
Accounting bachelors's programs at peer institutions in Michigan (37 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Northwood University | $45,217 | $61,165 | $23,850 | 0.53 |
| Michigan State University | $65,965 | $75,633 | $23,250 | 0.35 |
| Aquinas College | $63,311 | — | — | — |
| Central Michigan University | $62,430 | $65,971 | $29,000 | 0.46 |
| Albion College | $62,266 | — | $27,000 | 0.43 |
| Walsh College | $61,960 | $59,351 | $21,587 | 0.35 |
| National Median | $53,694 | — | $25,000 | 0.47 |
Other Accounting Programs in Michigan
Compare tuition, earnings, and debt across Michigan schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| Michigan State University East Lansing | $15,988 | $65,965 | $23,250 |
| Aquinas College Grand Rapids | $38,520 | $63,311 | — |
| Central Michigan University Mount Pleasant | $14,190 | $62,430 | $29,000 |
| Albion College Albion | $55,746 | $62,266 | $27,000 |
| Walsh College Troy | — | $61,960 | $21,587 |
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 Northwood University, approximately 25% 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 124 graduates with reported earnings and 154 graduates with debt data. Small samples may not be representative.