Accounting Degree from CUNY Medgar Evers College Return on Investment

See what the return on investment is for jobs that someone with a Accounting degree from CUNY Medgar Evers College is likely to work in.

F D C B A
Approximate Total Payment $81,259
Approximate Total Interest $22,999
Monthly Payment $564.30
Assumed Loan Type Direct Subsidized
Assumed Repayment Plan Standard Fixed
Assumed Payoff Years 12
Assumed Scholarship Amount $0
Assumed Down Payment $0

Top job projections for graduates in accounting from cuny medgar evers college

Accountants and auditors

Projection Rating: A-

Median Annual Wage: $79,880

Percentage of Paycheck to Repay: 8.48%-6.31%

Employment Change: 91.4%

Entry-Level Education: Bachelor's degree

Budget analysts

Projection Rating: A-

Median Annual Wage: $84,940

Percentage of Paycheck to Repay: 7.97%-5.93%

Employment Change: 2%

Entry-Level Education: Bachelor's degree

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When considering an Accounting Degree from CUNY Medgar Evers College, one of the most crucial factors to evaluate is the Return on Investment (ROI). This degree not only equips students with essential accounting skills but also opens the door to a plethora of career opportunities in a rapidly growing field.

The ROI of an accounting degree from CUNY Medgar Evers College is compelling. Graduates benefit from a robust curriculum designed to meet the demands of today's job market. With courses covering financial accounting, taxation, auditing, and business law, students gain comprehensive knowledge that makes them highly marketable to employers.

In terms of financial outcomes, accounting graduates often enjoy starting salaries that exceed the national average for bachelor’s degree holders. According to recent statistics, the average entry-level salary for accounting graduates can range from $50,000 to $70,000 annually, depending on the specific role and location.

Moreover, the demand for accountants is projected to grow significantly, with the U.S. Bureau of Labor Statistics forecasting a 6% increase in employment for accountants and auditors from 2021 to 2031. This growth translates into a wealth of job opportunities for graduates, enhancing their long-term earning potential.

CUNY Medgar Evers College also emphasizes experiential learning, providing students with internships and networking opportunities that further enhance their employability. These experiences not only enrich the educational journey but also serve as valuable additions to a resume, giving graduates a competitive edge in the job market.

Additionally, the college's commitment to affordability means that students can obtain a quality education without incurring overwhelming debt. This factor significantly boosts the ROI, as graduates can expect to pay off their student loans more swiftly, allowing them to reap the financial benefits of their degree sooner.

In summary, investing in an Accounting Degree from CUNY Medgar Evers College offers a robust return on investment. With a solid foundation in accounting principles, strong career prospects, and a focus on experiential learning, graduates are well-prepared to succeed in a dynamic field. Choosing this path not only leads to personal and professional growth but also provides a stable and rewarding financial future.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.

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