Analysis
Based on comparable accounting programs across North Carolina, Salem College graduates enter a crowded but stable field earning around $48,500 in their first year—squarely at the state median but trailing the national benchmark by roughly $5,000. The estimated $26,000 in debt translates to a manageable 0.54 debt-to-earnings ratio, meaning about half a year's salary covers what you borrowed. For a field where credentials matter more than pedigree, that's a reasonable starting position.
What's less certain is Salem's competitive positioning. Top accounting programs in the state—Elon, NC State, Appalachian—report first-year earnings $7,000 to $21,000 higher than the state median Salem's estimates are drawn from. With nearly half the student body receiving Pell grants, Salem serves a different population than some peers, but the question remains whether its smaller program (too few graduates to generate public data) offers the networking and recruiting pipelines that drive stronger outcomes elsewhere.
The practical takeaway: accounting offers clear career paths and licensing opportunities that can level the playing field over time, but you're working with estimates here rather than Salem's actual track record. If your child is choosing Salem for fit or affordability, the projected debt load won't sink them—but if they're admitted to one of the higher-earning NC programs at similar cost, the earnings gap deserves serious consideration.
Where Salem College Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in North Carolina
Accounting bachelors's programs at peer institutions in North Carolina (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $32,236 | $48,489* | — | $25,982* | — | |
| $44,536 | $69,764* | $87,359 | $20,000* | 0.29 | |
| $8,895 | $56,606* | $70,576 | $20,946* | 0.37 | |
| $7,541 | $55,671* | $67,922 | $23,262* | 0.42 | |
| $19,500 | $55,224* | $60,099 | $25,982* | 0.47 | |
| $7,461 | $53,705* | $55,852 | $22,612* | 0.42 | |
| 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 Salem College, approximately 49% 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 21 similar programs in NC. Actual outcomes may vary.