Analysis
Wayne State's accounting program produces graduates who earn slightly below the national median initially ($52,668 vs. $53,694) but outperform 60% of Michigan accounting programsβa meaningful distinction since most students attend in-state schools where tuition runs lower. The program sits in the middle of Michigan's accounting landscape, trailing flagship Michigan State by $13,000 but matching the state median exactly. With debt of $21,504, graduates owe less than both national and state averages, creating a manageable debt load at just 41% of first-year earnings.
The 19% earnings growth to $62,911 by year four shows solid career progression, and the low debt burden means graduates aren't financially constrained in their early career choices. This matters for accounting majors who often need flexibility to pursue additional certifications or take entry-level positions that lead to better long-term outcomes. The 82% admission rate and substantial Pell grant population (43%) suggest Wayne State serves students who might not access more selective programs, making the reasonable debt and steady earnings particularly important.
For families weighing Detroit-area options, this program delivers practical value: below-average debt, earnings that grow respectably, and outcomes that beat most Michigan competitors. It's not positioning graduates for the highest starting salaries, but the financial fundamentals workβgraduates can afford their loans while building accounting careers.
Where Wayne State University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How Wayne State University 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 |
|---|---|---|---|
| Wayne State University | $52,668 | $62,911 | +19% |
| Michigan State University | $65,965 | $75,633 | +15% |
| Hope College | $61,120 | $75,233 | +23% |
| Calvin University | $48,637 | $70,257 | +44% |
| Oakland University | $59,833 | $69,885 | +17% |
Compare to Similar Programs in Michigan
Accounting bachelors's programs at peer institutions in Michigan (37 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $14,297 | $52,668 | $62,911 | $21,504 | 0.41 | |
| $15,988 | $65,965 | $75,633 | $23,250 | 0.35 | |
| $38,520 | $63,311 | β | β | β | |
| $14,190 | $62,430 | $65,971 | $29,000 | 0.46 | |
| $55,746 | $62,266 | β | $27,000 | 0.43 | |
| β | $61,960 | $59,351 | $21,587 | 0.35 | |
| 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 Wayne State University, approximately 43% 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 127 graduates with reported earnings and 162 graduates with debt data. Small samples may not be representative.