Analysis
Wartburg College's accounting program produces graduates who earn $61,529 in their first yearβlanding in the 78th percentile nationally and above Iowa's median of $59,252. While not quite matching Drake or Iowa's flagship programs, Wartburg holds its own at 60th percentile statewide, placing just behind established competitors like Loras and Northern Iowa. For a school with a 99% admission rate, these earnings represent solid performance.
The debt picture enhances the value proposition: graduates leave with $26,840 in median debt, yielding a 0.44 debt-to-earnings ratio that's considerably better than the national median. Students can expect to earn more than twice their debt in their first year, and earnings climb another 12% by year four to nearly $69,000. That trajectory matters for accountants building toward CPA certification and more senior roles.
The caveat here is sample sizeβfewer than 30 graduates means one exceptional or struggling cohort can swing these numbers significantly. But the fundamentals check out: manageable debt paired with above-average starting salaries in a profession with clear advancement paths. For Iowa families seeking an accounting degree without gambling on admission to more selective programs, Wartburg delivers measurable results at a reasonable cost.
Where Wartburg College Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How Wartburg College 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 |
|---|---|---|---|
| Wartburg College | $61,529 | $68,921 | +12% |
| University of Iowa | $65,373 | $77,201 | +18% |
| Drake University | $65,922 | $75,593 | +15% |
| Luther College | $60,068 | $74,629 | +24% |
| University of Northern Iowa | $61,088 | $71,359 | +17% |
Compare to Similar Programs in Iowa
Accounting bachelors's programs at peer institutions in Iowa (23 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $51,040 | $61,529 | $68,921 | $26,840 | 0.44 | |
| $49,944 | $65,922 | $75,593 | $20,500 | 0.31 | |
| $10,964 | $65,373 | $77,201 | $22,500 | 0.34 | |
| $38,298 | $61,147 | $70,373 | β | β | |
| $9,728 | $61,088 | $71,359 | $21,525 | 0.35 | |
| $38,190 | $60,752 | β | β | β | |
| 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 Wartburg College, approximately 21% 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.