Analysis
Wake Forest's selectivity doesn't translate to impressive accounting outcomesβat 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 signalβperhaps 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)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $64,758 | $48,489* | β | $25,982* | β | |
| $44,536 | $69,764* | $87,359 | $20,000* | 0.29 | |
| $8,895 | $56,606* | $70,576 | $20,946* | 0.37 | |
| $7,541 | $55,671* | $67,922 | $23,262* | 0.42 | |
| $19,500 | $55,224* | $60,099 | $25,982* | 0.47 | |
| $7,461 | $53,705* | $55,852 | $22,612* | 0.42 | |
| 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 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.