Analysis
With estimated debt of $26,588 against first-year earnings around $47,000, Oakwood's accounting program appears to sit right at Alabama's median for the field. That 0.56 debt-to-earnings ratio falls within a manageable range—graduates would owe about seven months' salary, which is reasonable for a professional credential. However, these figures are derived from comparable accounting programs statewide rather than Oakwood's own graduate outcomes, so they represent what similar programs typically produce rather than what this specific program delivers.
The earnings estimate trails the national median by about $6,600, though it matches what accounting majors across Alabama generally earn in their first year. Top programs in the state—Auburn at $60,381 and Alabama at $53,452—show there's considerable variation in outcomes even within the same region. Whether Oakwood's program lands closer to these higher performers or below the state average remains unknown without school-specific data.
For families considering this program, the fundamentals look sound on paper: accounting degrees generally lead to stable employment, and the estimated debt burden isn't excessive relative to expected earnings. But you're essentially making a decision based on statewide averages rather than this institution's track record. If your student is choosing between Oakwood and programs with published outcomes, those schools offer more transparency about what graduates actually achieve. The affordability calculation works if Oakwood delivers results consistent with peer programs, but that's an assumption you'll need to verify through other means—talking to recent alumni, checking job placement support, or understanding what local employers think of the program.
Where Oakwood University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in Alabama
Accounting bachelors's programs at peer institutions in Alabama (24 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $21,838 | $47,089* | — | $26,588* | — | |
| $12,536 | $60,381* | $68,374 | $23,250* | 0.39 | |
| $11,900 | $53,452* | $68,159 | $23,000* | 0.43 | |
| $13,920 | $52,373* | $56,398 | $54,989* | 1.05 | |
| $8,832 | $51,640* | $53,666 | $34,288* | 0.66 | |
| $13,420 | $49,538* | $54,212 | —* | — | |
| National Median | — | $53,694* | — | $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 Oakwood University, approximately 47% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 14 similar programs in AL. Actual outcomes may vary.