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)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $6,109 | $43,520* | — | $21,469* | — | |
| $5,050 | $49,685* | $48,712 | —* | — | |
| $6,182 | $46,996* | $42,456 | —* | — | |
| $10,899 | $43,765* | $44,358 | $23,823* | 0.54 | |
| $5,682 | $43,520* | $50,060 | $22,083* | 0.51 | |
| $5,900 | $39,742* | $34,414 | $26,790* | 0.67 | |
| 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 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.