Analysis
University of Phoenix's accounting program presents a concerning value proposition, with graduates earning significantly less while carrying nearly double the typical debt burden. At $51,405 in first-year earnings, graduates earn about $2,500 less than both national and Arizona medians, placing this program squarely in the bottom half (40th percentile) among accounting programs nationwide and within Arizona.
The debt picture is particularly troubling. With median debt of $47,435β89% higher than the national average and 45% above Arizona's medianβstudents are taking on substantially more financial risk for below-average outcomes. This debt load represents 92% of first-year earnings, creating a challenging repayment scenario. The program ranks in just the 5th percentile nationally for debt levels, meaning 95% of accounting programs nationwide saddle students with less debt.
Perhaps most concerning is the lack of earnings growth over time, with income increasing by only $603 over four yearsβessentially stagnant wages. When compared to Arizona's top accounting programs like University of Arizona ($60,659) or ASU ($58,332), Phoenix graduates earn $7,000-9,000 less annually while carrying significantly more debt. For families seeking solid financial returns from an accounting degree, this program's combination of below-average earnings and above-average debt creates a particularly risky investment that may take years longer to pay off than alternatives.
Where University of Phoenix-Arizona Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How University of Phoenix-Arizona 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 Phoenix-Arizona | $51,405 | $52,008 | +1% |
| University of Arizona | $60,659 | $77,183 | +27% |
| Arizona State University Campus Immersion | $58,332 | $71,050 | +22% |
| Northern Arizona University | $51,506 | $66,027 | +28% |
| Grand Canyon University | $53,977 | $56,535 | +5% |
Compare to Similar Programs in Arizona
Accounting bachelors's programs at peer institutions in Arizona (9 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $9,552 | $51,405 | $52,008 | $47,435 | 0.92 | |
| $13,626 | $60,659 | $77,183 | $23,000 | 0.38 | |
| β | $58,332 | β | β | β | |
| $12,051 | $58,332 | $71,050 | $17,750 | 0.30 | |
| $17,488 | $54,264 | $54,099 | $54,380 | 1.00 | |
| $17,450 | $53,977 | $56,535 | $29,513 | 0.55 | |
| 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 Phoenix-Arizona, approximately 45% 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 743 graduates with reported earnings and 1097 graduates with debt data. Small samples may not be representative.