Est. Earnings (1yr)
$48,489
Est. from NC median (21 programs)
Est. Median Debt
$25,982
Est. from NC median (9 programs)

Analysis

Wake Forest's selectivity doesn't translate to impressive accounting outcomesβ€”at least based on what similar North Carolina programs produce. The estimated $48,489 first-year salary mirrors the state median but falls well short of the $53,694 national benchmark for accounting degrees. More concerning: several less selective NC schools with reported data show their graduates earning $55,000 to nearly $70,000, suggesting Wake Forest's accounting program may be underperforming its peer institutions despite an admission rate of just 22%.

The estimated debt load of roughly $26,000 sits near both state and national norms, yielding a manageable 0.54 debt-to-earnings ratio. That's reasonable on paper, but the comparison to other NC programs raises questions. Why would a family pay Wake Forest's price tag when NC State graduates reportedly start $8,000 higher, or Elon graduates earn $21,000 more? The small graduate sample that triggered data suppression might itself be a signalβ€”perhaps students are choosing other schools' accounting programs or Wake Forest channels its strongest students elsewhere.

Before committing, get concrete placement data directly from Wake Forest's accounting department: where do their graduates actually land, and what do they earn? The estimates here suggest mid-pack performance in a state with stronger alternatives at lower cost.

Where Wake Forest University Stands

Earnings vs. debt across all accounting bachelors's programs nationally

Compare to Similar Programs in North Carolina

Accounting bachelors's programs at peer institutions in North Carolina (37 total in state)

Scroll to see more β†’

SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Wake Forest UniversityWinston-Salem$64,758$48,489*β€”$25,982*β€”
Elon UniversityElon$44,536$69,764*$87,359$20,000*0.29
North Carolina State University at RaleighRaleigh$8,895$56,606*$70,576$20,946*0.37
Appalachian State UniversityBoone$7,541$55,671*$67,922$23,262*0.42
Belmont Abbey CollegeBelmont$19,500$55,224*$60,099$25,982*0.47
University of North Carolina AshevilleAsheville$7,461$53,705*$55,852$22,612*0.42
National Medianβ€”$53,694*β€”$25,000*0.47
* Estimated from similar programs

Career Paths

Occupations commonly associated with accounting graduates

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

$161,700/yrJobs growth:Bachelor's degree

Treasurers and Controllers

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

$161,700/yrJobs growth:Bachelor's degree

Investment Fund Managers

Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$161,700/yrJobs growth:Bachelor's degree

Financial and Investment Analysts

Conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

$101,910/yrJobs growth:Bachelor's degree

Financial Risk Specialists

Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.

$101,910/yrJobs growth:Bachelor's degree

Financial Examiners

Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.

$90,400/yrJobs growth:Bachelor's degree

Budget Analysts

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

$87,930/yrJobs growth:Bachelor's degree

Business Teachers, Postsecondary

Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Accountants and Auditors

Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.

$81,680/yrJobs growth:Bachelor's degree

Tax Examiners and Collectors, and Revenue Agents

Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

$59,740/yrJobs growth:Bachelor's degree

Bookkeeping, Accounting, and Auditing Clerks

Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.

$49,210/yrJobs growth:Some college, no degree

Payroll and Timekeeping Clerks

Compile and record employee time and payroll data. May compute employees' time worked, production, and commission. May compute and post wages and deductions, or prepare paychecks.

$48,650/yrJobs growth:High school diploma or equivalent
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 Wake Forest University, approximately 9% 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.

Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 21 similar programs in NC. Actual outcomes may vary.