Analysis
UMN-Duluth's accounting program delivers solid fundamentals—graduates start at $56,146 and see healthy 22% earnings growth to $68,558 by year four—but it lags behind Minnesota's stronger accounting schools. While the program beats the national median and keeps debt reasonable at $26,621 (a manageable 0.47 ratio to first-year earnings), it falls in the 40th percentile among Minnesota programs. That gap is meaningful: graduates from UMN-Twin Cities, St. Thomas, and several smaller private schools start roughly $10,000 higher, and those differences compound over time.
The debt picture offers some reassurance. At $26,621, it sits below both state and national medians, making this one of the more affordable accounting paths in Minnesota. Combined with Duluth's 82% admission rate, this program represents an accessible entry point to the profession for students who might not gain admission to the state's most competitive programs.
For families weighing cost against outcomes, the calculation depends on alternatives. If your child can get into UMN-Twin Cities or one of the higher-earning private schools, the $10,000 starting salary difference likely justifies any modest increase in cost. But if Duluth is the best option available, the program provides legitimate career preparation without crushing debt—just recognize you're choosing accessibility and affordability over top-tier Minnesota earnings potential.
Where University of Minnesota-Duluth Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How University of Minnesota-Duluth 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 Minnesota-Duluth | $56,146 | $68,558 | +22% |
| University of Minnesota-Twin Cities | $66,591 | $80,603 | +21% |
| Saint Johns University | $61,135 | $74,757 | +22% |
| Gustavus Adolphus College | $64,094 | $73,508 | +15% |
| University of St Thomas | $65,573 | $70,313 | +7% |
Compare to Similar Programs in Minnesota
Accounting bachelors's programs at peer institutions in Minnesota (31 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $14,318 | $56,146 | $68,558 | $26,621 | 0.47 | |
| $16,488 | $66,591 | $80,603 | $22,342 | 0.34 | |
| $42,930 | $65,587 | — | — | — | |
| $52,284 | $65,573 | $70,313 | $25,000 | 0.38 | |
| $43,942 | $64,695 | $69,716 | $26,996 | 0.42 | |
| $53,884 | $64,410 | $66,880 | $26,925 | 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 University of Minnesota-Duluth, approximately 18% 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 95 graduates with reported earnings and 98 graduates with debt data. Small samples may not be representative.