Analysis
Rasmussen's accounting certificate in St. Cloud significantly outperforms most Minnesota programs, with graduates earning $47,506 in their first year—nearly $8,000 above the state median of $39,563 and placing in the 60th percentile statewide. What's even more striking is how this compares nationally: these earnings land in the 95th percentile among all similar accounting certificate programs across the country. Combined with moderate debt of $13,047 (actually below Minnesota's typical $18,650 for these programs), you're looking at a debt load graduates can reasonably manage in about three months of earnings.
The big caveat here is sample size—fewer than 30 graduates means these numbers could shift significantly year to year. That said, the pattern is encouraging: strong earnings relative to both state and national peers, with debt levels that don't create financial strain. For a certificate program serving a population where half receive Pell grants, this represents accessible entry into accounting work with immediate earning potential.
If your child needs quick workforce entry in accounting and you're Minnesota residents, this program merits serious consideration despite the small sample caveat. The earnings premium over other Minnesota certificate options is substantial, and the debt burden is manageable enough that even if future cohorts earn less, the risk feels contained.
Where Rasmussen University-Minnesota Stands
Earnings vs. debt across all accounting certificate's programs nationally
Earnings Distribution
How Rasmussen University-Minnesota graduates compare to all programs nationally
Compare to Similar Programs in Minnesota
Accounting certificate's programs at peer institutions in Minnesota (30 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,899 | $47,506 | — | $13,047 | 0.27 | |
| $13,420 | $31,620 | $26,473 | $24,252 | 0.77 | |
| National Median | — | $31,684 | — | $13,047 | 0.41 |
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 23 graduates with reported earnings and 46 graduates with debt data. Small samples may not be representative.