ROI Major

Accounting and Related Services at City Colleges of Chicago - Richard J. Daley College

IL · Associate's Degree · CIP 52.03

Apply Now Data: 2026 release

Executive Summary

Graduates with a Accounting and Related Services degree from City Colleges of Chicago - Richard J. Daley College earn a median salary of $47,990 within five years of graduation. Adjusted for the cost of living in IL, this represents a national purchasing power equivalent of $52,277. The degree typically pays for itself in 13.6 years.

Quick Insights

Slow Burn / High Debt Risk

How this degree looks at a glance

A fast read on salary range, break-even speed, living-cost impact, and where graduates from this school usually land.

Salary Ranges

Starting Range

$35,966

Typical Career

$47,990

Top Performers

$60,523

Estimated break-even: 13.6 years.

Debt-to-Income Check

$320

Estimated comfortable monthly loan payment

Typical monthly pay is approximately $3,999. Most students can comfortably afford about a $320 monthly loan payment with this degree.

Comparison Bench

This degree earns 1.2x more than the average US high school graduate and 0.6x more than the average college graduate.

Purchasing Power Context

A dollar in Illinois buys what costs $0.92 nationally.

Industry Breadcrumbs

Top industries for bachelor's graduates from this school: Health Care & Social Assistance, Educational Services, Public Administration.

Where Associate's Graduates from This School Work

Health Care & Social Assistance 35.7%
Educational Services 13.3%
Public Administration 8.6%

Institution-wide industry mix for graduates, 5 years after graduation. This is not major-specific. Source: Census PSEO Flows.

5-Year Median Salary — National Purchasing Power Equivalent

$52,277

Nominal: $47,990 in Illinois (COL 91.8% of national avg) · 8.9% higher purchasing power

10-Year Earnings Curve

Break-Even Timeline

How long until cumulative earnings advantage exceeds total college investment (tuition + opportunity cost vs. entering workforce directly after high school).

13.6 years to break even
Graduation 15 years

Total Investment

$155,168

4yr tuition + 4yr opportunity cost

HS Graduate Baseline

$38,792/yr

BLS 2023 median, HS diploma

View Raw Data: Median Earnings by Year
Timeframe 25th Pct. Median (50th) 75th Pct.
1 Year After Graduation $26,890 $38,341 $51,223
5 Years After Graduation $35,966 $47,990 $60,523
10 Years After Graduation $45,751 $56,249 $76,015

Source: US Census Bureau Post-Secondary Employment Outcomes (PSEO), 2025 release. Earnings shown for Bachelor's degree graduates (all cohorts combined).

How We Calculate Purchasing Power

The median salary of $47,990 is reported by the US Census Bureau's Post-Secondary Employment Outcomes (PSEO) dataset for graduates working in IL, which has a cost-of-living index of 91.8% of the national average.

Formula: Adjusted Salary = Nominal × (1.0 ÷ COL Index)
= $47,990 × (1.0 ÷ 0.9180) = $52,277 National Average equivalent.

COL index source: BLS Regional Consumer Price Index & MIT Living Wage Project, 2023. Full methodology →

Career Verdict

Graduates of the Accounting and Related Services program at City Colleges of Chicago - Richard J. Daley College experience a steady earnings trajectory. The median earnings one year after graduation stand at $39,380, which increases to $44,815 after five years and reaches $51,223 after ten years. When adjusted for purchasing power, the median five-year salary equates to approximately $48,818.08 nationally, indicating that graduates maintain a competitive earning potential relative to their peers across the country, despite the cost of living index in Illinois being slightly lower than the national average.

The top industries that graduates enter include Health Care & Social Assistance, which accounts for 35.7% of placements, followed by Construction at 24.2%. This diversification suggests that graduates have access to a range of employment opportunities. However, the estimated break-even point compared to a high-school-only path is approximately 17.2 years, indicating a significant time investment before realizing a return on educational expenses. Overall, while the program offers a solid earnings trajectory, prospective students should weigh the long-term financial implications against their career aspirations.

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See how the Accounting and Related Services degree at City Colleges of Chicago - Richard J. Daley College stacks up against another institution side-by-side.

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Data sources: US Census Bureau Post-Secondary Employment Outcomes (PSEO). Cost-of-living index: BLS Regional CPI & MIT Living Wage Project. Cost of attendance: IPEDS. For informational use only; data may be suppressed for small cohort sizes.