Analysis
Rasmussen's accounting associate's program costs about $2,000 more in student debt than the typical Minnesota program while delivering earnings right at the state median. That premium pricing becomes harder to justify when you look at Minnesota's community college alternatives: North Hennepin grads earn $6,000 more annually while Century College grads earn $2,600 more, both likely at lower cost to students. Your child would graduate in the 60th percentile among Minnesota accounting programs—solidly middle-of-the-pack in a competitive state market.
The bright spot is stability. First-year earnings of $43,765 hold nearly steady through year four, and the debt burden remains manageable at just over half of first-year income. Nationally, this program punches above its weight, landing in the 86th percentile. But that comparison matters less for accounting, where local employment networks and state licensing requirements mean Minnesota-specific outcomes are what count.
For families paying a premium at a for-profit institution, consider whether that extra debt buys enough to justify the cost. If logistics or program flexibility make Rasmussen the only realistic option, the outcomes won't derail your child's career. But if nearby community colleges work logistically, they offer similar or better results at lower cost—particularly important for the 51% of students here receiving Pell grants who are already stretching limited resources.
Where Rasmussen University-Minnesota Stands
Earnings vs. debt across all accounting associates's programs nationally
Earnings Distribution
How Rasmussen University-Minnesota graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Rasmussen University-Minnesota | $43,765 | $44,358 | +1% |
| Anoka-Ramsey Community College | $43,520 | $50,060 | +15% |
| North Hennepin Community College | $49,685 | $48,712 | -2% |
| Dakota County Technical College | $37,289 | $48,370 | +30% |
| Century College | $46,996 | $42,456 | -10% |
Compare to Similar Programs in Minnesota
Accounting associates's programs at peer institutions in Minnesota (28 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,899 | $43,765 | $44,358 | $23,823 | 0.54 | |
| $5,050 | $49,685 | $48,712 | — | — | |
| $6,182 | $46,996 | $42,456 | — | — | |
| $5,682 | $43,520 | $50,060 | $22,083 | 0.51 | |
| $5,900 | $39,742 | $34,414 | $26,790 | 0.67 | |
| $6,419 | $37,289 | $48,370 | $21,469 | 0.58 | |
| National Median | — | $37,000 | — | $19,354 | 0.52 |
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 Rasmussen University-Minnesota, approximately 51% 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 80 graduates with reported earnings and 155 graduates with debt data. Small samples may not be representative.