Analysis
University of South Dakota accounting graduates start strong with first-year earnings of $57,234—outpacing both the state median ($50,282) and national average ($53,694)—but face an unexpected earnings decline to $49,319 by year four. This backward trajectory is unusual for accounting, a field where professionals typically build toward CPA certification and higher-value client work over time. The pattern suggests graduates may be accepting entry-level positions that offer quick paychecks but limited advancement potential, or that many leave traditional accounting roles altogether.
The financial fundamentals look solid on paper. At $25,793, debt sits below both state and national averages, creating a manageable 0.45 debt-to-earnings ratio in that first year. Among South Dakota's accounting programs, USD ranks in the 60th percentile for earnings—middle of the pack but ahead of competitors like University of Sioux Falls. The 99% admission rate means access is essentially open to any serious applicant.
For parents, the question becomes whether that strong starting salary justifies a program where earnings appear to stall or reverse. If your child plans to stay in South Dakota and values immediate income over long-term growth, USD delivers a respectable launch. But if career progression matters—climbing to senior accountant, controller, or partner roles—dig deeper into why earnings decline and whether graduates are staying in accounting at all.
Where University of South Dakota Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How University of South Dakota 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 South Dakota | $57,234 | $49,319 | -14% |
| Georgetown University | $89,564 | $127,971 | +43% |
| Santa Clara University | $78,417 | $101,411 | +29% |
| National American University-Rapid City | $35,820 | $49,942 | +39% |
| Northern State University | $51,239 | $49,063 | -4% |
Compare to Similar Programs in South Dakota
Accounting bachelors's programs at peer institutions in South Dakota (10 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $9,432 | $57,234 | $49,319 | $25,793 | 0.45 | |
| $8,845 | $51,239 | $49,063 | $29,816 | 0.58 | |
| $20,740 | $49,325 | — | $26,000 | 0.53 | |
| $16,065 | $35,820 | $49,942 | $41,344 | 1.15 | |
| 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 South Dakota, 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 32 graduates with reported earnings and 46 graduates with debt data. Small samples may not be representative.