Analysis
Winona State's accounting program costs significantly less than you'd expect—graduates carry $23,652 in debt versus the state average of $26,978—but that savings comes with a clear tradeoff. Starting salaries land at $55,898, which sits in the middle of the pack nationally but below Minnesota's median of $58,472. More concerning, this program ranks in just the 40th percentile among Minnesota accounting programs, meaning 6 out of 10 comparable in-state options deliver stronger starting salaries.
The gap becomes starker when you look at Minnesota's top performers: graduates from the University of Minnesota-Twin Cities, Bethel, and St. Thomas all start around $65,000-$66,000—roughly $10,000 more per year. That difference compounds quickly in accounting, where early career trajectory often shapes long-term earning potential. The modest 8% growth to $60,283 by year four suggests Winona State graduates aren't closing that gap rapidly.
For families prioritizing lower debt, the 0.42 debt-to-earnings ratio is manageable—graduates should be able to handle payments without undue strain. But if your child can gain admission to one of Minnesota's stronger accounting programs, the higher initial earnings typically justify any additional borrowing. Winona State works as an affordable entry point into accounting, but it's not positioning graduates as competitively as several other in-state alternatives.
Where Winona State University Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Earnings Distribution
How Winona 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 |
|---|---|---|---|
| Winona State University | $55,898 | $60,283 | +8% |
| University of Minnesota-Twin Cities | $66,591 | $80,603 | +21% |
| Saint Johns University | $61,135 | $74,757 | +22% |
| Gustavus Adolphus College | $64,094 | $73,508 | +15% |
| University of St Thomas | $65,573 | $70,313 | +7% |
Compare to Similar Programs in Minnesota
Accounting bachelors's programs at peer institutions in Minnesota (31 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,498 | $55,898 | $60,283 | $23,652 | 0.42 | |
| $16,488 | $66,591 | $80,603 | $22,342 | 0.34 | |
| $42,930 | $65,587 | — | — | — | |
| $52,284 | $65,573 | $70,313 | $25,000 | 0.38 | |
| $43,942 | $64,695 | $69,716 | $26,996 | 0.42 | |
| $53,884 | $64,410 | $66,880 | $26,925 | 0.42 | |
| National Median | — | $53,694 | — | $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 Winona State University, approximately 23% 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 68 graduates with reported earnings and 62 graduates with debt data. Small samples may not be representative.