Accounting and Related Services at Drake University

Drake University's Accounting and Related Services program presents a compelling case for its value. Graduates report a median earning of $65,922 one year post-graduation, which, while slightly below the national average for accounting majors (around $70,000-$75,000), still represents a strong starting point. Considering the average cost of a Bachelor's degree, which can range significantly but often involves substantial student loan debt, the earning potential in accounting is a key factor. The accounting field boasts a strong job outlook, with projected growth faster than the average for all occupations. This means graduates are likely to find stable employment and experience significant salary progression. Mid-career professionals can expect to earn upwards of $80,000-$100,000, and senior roles can exceed $150,000. Therefore, despite the initial investment, the career stability and long-term earning potential make Drake's accounting program a worthwhile investment for many students.

A degree in Accounting and Related Services from Drake University opens doors to a diverse range of critical roles across numerous industries. Common entry-level positions include Staff Accountant, where you'll manage daily financial transactions, and Junior Auditor, assisting in the examination of financial records. As you gain experience, you can move into specialized roles such as Tax Accountant, focusing on tax preparation and compliance for individuals or businesses, or Financial Analyst, interpreting financial data to guide strategic decisions. More advanced or specialized paths include Forensic Accountant, investigating financial fraud, or Controller, overseeing a company's entire accounting department. These roles are in high demand within public accounting firms (like the Big Four), corporate finance departments of companies in sectors like technology, healthcare, and manufacturing, as well as government agencies and non-profit organizations.

Graduates from Drake University's Accounting and Related Services program demonstrate strong earning potential. The reported median earnings one year post-graduation stand at $65,922. This figure typically represents entry-level salaries. As graduates gain experience and potentially pursue certifications like the CPA, their earning capacity increases substantially. Mid-career accounting professionals, typically within 5-10 years of graduation, can expect to earn median salaries in the range of $80,000 to $100,000 annually. For those who advance into senior leadership positions, such as Chief Financial Officer (CFO), Vice President of Finance, or Partner at a public accounting firm, salaries can easily exceed $150,000, with some reaching significantly higher figures depending on the size and type of organization. This upward trajectory highlights the long-term financial rewards of an accounting degree.

The Accounting and Related Services program at Drake University cultivates a comprehensive skill set highly valued by employers. Technically, students will master core accounting principles, including financial accounting (recording and reporting business transactions), managerial accounting (using financial data for internal decision-making), and taxation (understanding tax laws and preparation). You'll gain proficiency in auditing techniques to ensure financial accuracy and compliance. Crucially, the program emphasizes the use of accounting software and information systems, preparing you for modern workplace tools. Beyond technical skills, you will develop essential soft skills such as critical thinking and analytical reasoning to interpret complex financial data, meticulous attention to detail for accuracy, strong problem-solving abilities to address financial challenges, and ethical judgment to uphold professional standards. Effective communication, both written and verbal, for presenting financial information clearly, is also a key outcome.

Yes, there is consistently strong demand for Accounting and Related Services graduates. The U.S. Bureau of Labor Statistics (BLS) projects employment for accountants and auditors to grow 6% from 2022 to 2032, which is faster than the average for all occupations. This growth is fueled by several factors: businesses require accountants to manage their finances, ensure compliance with complex regulations, and prepare for audits. The increasing sophistication of financial markets and the rise of big data analytics also create new roles for accounting professionals who can interpret and leverage this information. Furthermore, the need for tax compliance and strategic tax planning remains a constant driver of demand. Graduates with strong analytical skills, proficiency in accounting software, and potentially a CPA certification are particularly sought after in this robust job market.

Drake University's Accounting and Related Services program, with a median first-year earning of $65,922, is positioned slightly below the national median for accounting majors, which typically falls between $70,000 and $75,000. However, this comparison is based on early-career earnings and doesn't fully capture the long-term value. Drake's program is known for its strong emphasis on practical experience through internships and its location in Des Moines, which can provide excellent local networking and job opportunities. While national averages might show higher initial salaries, the quality of education, career services support, and the potential for significant salary growth within the accounting profession at Drake are comparable to many other reputable institutions. The key differentiator often lies in the specific curriculum, faculty expertise, and the university's career placement network, where Drake generally performs well.

Admission requirements for the Accounting and Related Services program at Drake University typically align with general undergraduate admission standards for the university's College of Business and Public Administration. Prospective students usually need to submit a completed application form, high school transcripts (demonstrating a strong academic record, particularly in math and English), standardized test scores (SAT or ACT, though some universities are test-optional), and potentially a personal essay or statement of purpose. Specific prerequisite coursework might include introductory courses in mathematics and business. It's advisable for students interested in accounting to focus on developing strong quantitative skills and maintaining a high GPA throughout high school. Prospective students should visit the official Drake University admissions website for the most current and detailed requirements, including application deadlines and any specific program prerequisites. Early engagement with Drake's admissions counselors can also provide valuable guidance.