Median Earnings (1yr)
$45,217
18th percentile (40th in MI)
Median Debt
$23,850
5% below national median
Debt-to-Earnings
0.53
Manageable
Sample Size
124
Adequate data

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

Northwood UniversityOther accounting programs

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)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Northwood University$45,217$61,165$23,8500.53
Michigan State University$65,965$75,633$23,2500.35
Aquinas College$63,311———
Central Michigan University$62,430$65,971$29,0000.46
Albion College$62,266—$27,0000.43
Walsh College$61,960$59,351$21,5870.35
National Median$53,694—$25,0000.47

Other Accounting Programs in Michigan

Compare tuition, earnings, and debt across Michigan schools

SchoolIn-State TuitionEarnings (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.