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

Based on U.S. Department of Education data (October 2025 release). Some figures are estimates based on similar programs — see details below.

Analysis

Similar accounting associate's programs across Minnesota typically produce first-year earnings around $43,500, putting South Central College's estimated outcomes right at the state median. That's meaningful context: the school appears competitive with peer institutions, though it sits below top performers like North Hennepin ($49,685) and Century College ($46,997). The estimated debt of roughly $21,500 creates a manageable debt-to-earnings ratio of 0.49—meaning graduates earning at typical levels could reasonably pay this off within a few years while building their careers.

What makes this picture more encouraging is the earnings trajectory. At $42,964 four years out, graduates are holding steady rather than seeing the significant growth some fields offer, but they're also maintaining earnings well above the national median of $37,000 for this credential. Minnesota's accounting market appears stronger than most states, and comparable programs suggest South Central's graduates benefit from that regional advantage.

The practical calculus here: if your student borrows the estimated amount and earns what similar programs produce, they're looking at half a year's salary in debt for immediate entry into a stable field. That's a reasonable trade-off, though families should recognize these aren't actual outcomes for South Central's specific graduates—they're projections based on similar Minnesota programs. Request the school's own placement data and consider whether your student could access one of the higher-earning programs in the Twin Cities metro area.

Where South Central College Stands

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

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
South Central College$42,964
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%
Rasmussen University-Minnesota$43,765$44,358+1%

Compare to Similar Programs in Minnesota

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

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
South Central CollegeNorth Mankato$6,146$43,520*$42,964$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 South Central College, approximately 32% 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.