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
Earnings Distribution
How Southern Illinois University-Carbondale graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Southern Illinois University-Carbondale | $54,694 | $57,569 | +5% |
| Illinois Wesleyan University | $70,831 | $85,000 | +20% |
| Loyola University Chicago | $69,965 | $82,642 | +18% |
| University of Illinois Urbana-Champaign | $74,731 | $80,736 | +8% |
| DePaul University | $69,250 | $80,614 | +16% |
Compare to Similar Programs in Illinois
Accounting bachelors's programs at peer institutions in Illinois (42 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $13,244 | $54,694 | $57,569 | $23,251 | 0.43 | |
| $16,004 | $74,731 | $80,736 | $20,500 | 0.27 | |
| $55,704 | $70,831 | $85,000 | $27,000 | 0.38 | |
| $51,716 | $69,965 | $82,642 | $22,125 | 0.32 | |
| $44,460 | $69,250 | $80,614 | $24,500 | 0.35 | |
| $39,680 | $65,842 | $72,938 | $26,925 | 0.41 | |
| 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 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.