Accounting at Southern Illinois University-Carbondale
Bachelor's Degree
Analysis
SIU-Carbondale's accounting program delivers exactly what the numbers suggest: solid, middle-of-the-pack preparation at a reasonable price. Starting at $54,694, graduates earn right at Illinois's median for accounting programs—ranking in the 60th percentile statewide—while carrying slightly less debt than typical. The 0.43 debt-to-earnings ratio means graduates owe less than half their first-year salary, a manageable starting point for building a career in public accounting or corporate finance.
The tradeoff here is straightforward: you're not getting University of Illinois outcomes (graduates there start $20,000 higher), but you're also accessing this through a 90% admission rate without the competitive pressure or cost of top-tier programs. Earnings grow modestly to $57,569 by year four, which is typical for accounting roles where significant jumps usually require CPA certification or moving into management. For students who need an affordable path into accounting and can handle the CPA exam independently, this works.
The practical calculation: if your child can get into one of Illinois's elite accounting programs, the earnings premium probably justifies the extra effort. But for students who want stability without the stress of hyper-competitive admissions, SIU-Carbondale provides legitimate accounting credentials at a price that won't create financial strain. Just understand you're choosing the steady middle lane, not the express route.
Where Southern Illinois University-Carbondale Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Southern Illinois University-Carbondale graduates compare to all programs nationally
Southern Illinois University-Carbondale graduates earn $55k, placing them in the 54th percentile of all accounting bachelors programs nationally.
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.
Compare to Similar Programs in Illinois
Accounting bachelors's programs at peer institutions in Illinois (42 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Southern Illinois University-Carbondale | $54,694 | $57,569 | $23,251 | 0.43 |
| University of Illinois Urbana-Champaign | $74,731 | $80,736 | $20,500 | 0.27 |
| Illinois Wesleyan University | $70,831 | $85,000 | $27,000 | 0.38 |
| Loyola University Chicago | $69,965 | $82,642 | $22,125 | 0.32 |
| DePaul University | $69,250 | $80,614 | $24,500 | 0.35 |
| Bradley University | $65,842 | $72,938 | $26,925 | 0.41 |
| National Median | $53,694 | — | $25,000 | 0.47 |
Other Accounting Programs in Illinois
Compare tuition, earnings, and debt across Illinois schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of Illinois Urbana-Champaign Champaign | $16,004 | $74,731 | $20,500 |
| Illinois Wesleyan University Bloomington | $55,704 | $70,831 | $27,000 |
| Loyola University Chicago Chicago | $51,716 | $69,965 | $22,125 |
| DePaul University Chicago | $44,460 | $69,250 | $24,500 |
| Bradley University Peoria | $39,680 | $65,842 | $26,925 |
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 Southern Illinois University-Carbondale, approximately 37% 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 98 graduates with reported earnings and 133 graduates with debt data. Small samples may not be representative.