Median Earnings (1yr)
$47,464
23rd percentile
40th percentile in Michigan
Median Debt
$27,000
8% above national median

Analysis

Western Michigan's accounting program produces graduates earning $47,464 in their first yearβ€”about $6,000 below Michigan's median and roughly $5,000 behind the state's top programs like Michigan State and Aquinas College. At 40th percentile statewide, this puts WMU in the bottom half of Michigan accounting programs, though the $27,000 median debt is relatively manageable and below both state and national averages. The program's saving grace is solid earnings growth: graduates see a 34% jump to $63,643 by year four, which moves them closer to competitive territory with their in-state peers.

For Michigan families, this creates a genuine tradeoff. Your child will likely start behind graduates from MSU or Central Michigan, earning about 25% less in those critical first years when loan payments begin. However, WMU's lower debt burden (about $2,000 less than the state average) and reasonable debt-to-earnings ratio of 0.57 mean the financial pressure won't be overwhelming. The question is whether the slower start matters for your student's career trajectoryβ€”in accounting, where CPA exam prep and early firm experience can set long-term earning paths, those first few years carry weight.

If cost is the primary concern and your child is committed to accounting, WMU offers a serviceable path forward. But families who can afford similar in-state tuition at Michigan State or Central Michigan would get noticeably better immediate employment outcomes for their money.

Where Western Michigan University Stands

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

Earnings Distribution

How Western Michigan University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Western Michigan University$47,464$63,643+34%
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†’

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Western Michigan UniversityKalamazoo$15,298$47,464$63,643$27,0000.57
Michigan State UniversityEast Lansing$15,988$65,965$75,633$23,2500.35
Aquinas CollegeGrand Rapids$38,520$63,311β€”β€”β€”
Central Michigan UniversityMount Pleasant$14,190$62,430$65,971$29,0000.46
Albion CollegeAlbion$55,746$62,266β€”$27,0000.43
Walsh CollegeTroyβ€”$61,960$59,351$21,5870.35
National Medianβ€”$53,694β€”$25,0000.47

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 Western Michigan University, approximately 25% 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 140 graduates with reported earnings and 153 graduates with debt data. Small samples may not be representative.