Median Earnings (1yr)
$45,217
18th percentile
40th percentile in Michigan
Median Debt
$23,850
5% below national median

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

Earnings Distribution

How Northwood University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Northwood University$45,217$61,165+35%
Michigan State University$65,965$75,633+15%
Hope College$61,120$75,233+23%
Calvin University$48,637$70,257+44%
Oakland University$59,833$69,885+17%

Compare to Similar Programs in Michigan

Accounting bachelors's programs at peer institutions in Michigan (37 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Northwood UniversityMidland$33,000$45,217$61,165$23,8500.53
Michigan State UniversityEast Lansing$15,988$65,965$75,633$23,2500.35
Aquinas CollegeGrand Rapids$38,520$63,311
Central Michigan UniversityMount Pleasant$14,190$62,430$65,971$29,0000.46
Albion CollegeAlbion$55,746$62,266$27,0000.43
Walsh CollegeTroy$61,960$59,351$21,5870.35
National Median$53,694$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 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.