Est. Earnings (1yr)
$43,520
Est. from MN median (7 programs)
Est. Median Debt
$21,469
Est. from MN median (5 programs)

Analysis

Based on peer programs across Minnesota, an accounting associate's degree typically leads to first-year earnings around $43,520—right at the state median and well above the national benchmark of $37,000. While we can't verify Ridgewater's specific outcomes due to small graduate cohorts, this gives a reasonable baseline for what Minnesota accounting programs deliver.

The estimated debt of $21,469 creates a debt-to-earnings ratio of 0.49, meaning graduates would owe roughly half their first-year salary. This is manageable by community college standards, though it's worth noting that several comparable Minnesota programs show stronger earnings potential. North Hennepin and Century College graduates, for instance, earn $6,000-$10,000 more in their first year, which could make debt repayment considerably easier.

The practical challenge here is uncertainty. With no reported data for Ridgewater specifically, you're making an investment based on what similar programs produce rather than this school's track record. For a field as standardized as accounting, where credentials and skills transfer readily across employers, that may be less risky than in other majors. But if you can visit campus, ask the program director directly about job placement rates and typical starting employers—their answers will tell you whether Ridgewater connects students to the same opportunities as its higher-earning peers.

Where Ridgewater College Stands

Earnings vs. debt across all accounting associates's programs nationally

Compare to Similar Programs in Minnesota

Accounting associates's programs at peer institutions in Minnesota (28 total in state)

Scroll to see more →

SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Ridgewater CollegeWillmar$6,109$43,520*$21,469*
North Hennepin Community CollegeBrooklyn Park$5,050$49,685*$48,712*
Century CollegeWhite Bear Lake$6,182$46,996*$42,456*
Rasmussen University-MinnesotaSt. Cloud$10,899$43,765*$44,358$23,823*0.54
Anoka-Ramsey Community CollegeCoon Rapids$5,682$43,520*$50,060$22,083*0.51
Minnesota State Community and Technical CollegeFergus Falls$5,900$39,742*$34,414$26,790*0.67
National Median$37,000*$19,354*0.52
* Estimated from similar programs

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 Ridgewater College, approximately 34% 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 7 similar programs in MN. Actual outcomes may vary.