Analysis
University of Memphis accounting graduates start below national averages but carry relatively manageable debt, creating a workable if unspectacular financial picture. Starting at $51,425 puts graduates in the 40th percentile both nationally and among Tennessee programsβessentially landing them in the middle of the pack. However, the $26,975 in median debt sits below the national average, resulting in a debt-to-earnings ratio of just 0.52, meaning graduates owe roughly half their first year's salary.
The 9% earnings growth to $56,139 by year four suggests steady career progression, though graduates never quite catch up to stronger state programs like Tennessee State or UT-Knoxville. What's notable is that Memphis manages to deliver typical accounting outcomes while serving a student population where 40% receive Pell grants and the 93% admission rate indicates accessibility for a wide range of students. You're not paying premium prices or carrying excessive debt for these results.
For families seeking an affordable path to a stable accounting career in Tennessee, this program delivers predictable returns without financial strain. The debt load is manageable enough that graduates can handle their payments on entry-level salaries, even if they're not at the top of the earnings distribution. Just understand you're buying solid middle-of-the-road outcomes, not premium placement.
Where University of Memphis Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How University of Memphis 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 |
|---|---|---|---|
| University of Memphis | $51,425 | $56,139 | +9% |
| The University of Tennessee-Knoxville | $53,197 | $71,799 | +35% |
| Lee University | $53,577 | $70,035 | +31% |
| Middle Tennessee State University | $51,963 | $59,969 | +15% |
| The University of Tennessee-Martin | $48,101 | $57,062 | +19% |
Compare to Similar Programs in Tennessee
Accounting bachelors's programs at peer institutions in Tennessee (28 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,344 | $51,425 | $56,139 | $26,975 | 0.52 | |
| $8,568 | $53,620 | $50,033 | $29,250 | 0.55 | |
| $22,690 | $53,577 | $70,035 | $16,750 | 0.31 | |
| $13,484 | $53,197 | $71,799 | $22,000 | 0.41 | |
| $13,920 | $52,373 | $56,398 | $54,989 | 1.05 | |
| $9,506 | $51,963 | $59,969 | $24,553 | 0.47 | |
| National Median | β | $53,694 | β | $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 University of Memphis, approximately 40% 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 148 graduates with reported earnings and 174 graduates with debt data. Small samples may not be representative.