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Accounting Schools in Vermont

The universities and colleges in Vermont provide a wide range of degrees and programs in accounting. This guide to accounting schools in Vermont offers key information so that you can find the best educational match for your career goals and future salary expectations. In addition to traditional accounting programs held on campus, you may wish to consider online or distance education programs such as the Master of Science in Accounting from Devry University, which some students find to be a better match to their needs in higher education.

Quick Facts:

  • There are 8 colleges and universities with accounting degree programs in Vermont.
  • 2 schools offer a master’s or advanced degree in accounting.
  • Highest graduation rate*: Saint Michael’s College 82%1
  • Highest transfer-out rate*: College of St. Joseph 33%1
  • Highest net price per year*: Champlain College $31,1601
  • Lowest net price per year*: Lyndon State College $12,5701
  • Annual undergraduate tuition range for accounting programs in Vermont: $18,300-$36,2402
  • 1 School in the Kiplinger’s Best Values in Public Colleges in 2013: University of Vermont (63)
  • 1 School ranked in US News National Universities Rankings in 2013 (top 100): University of Vermont (92)
  • 1 School ranked in Forbes Top Colleges List (top 100): Middlebury College (42)

*For 4-year colleges and universities with accounting degree programs.

Read on to learn more about popular accounting schools in Vermont as well as salary and career outlooks for accounting graduates.

Schools With the Highest 2013 First-Time CPA Exam Pass Rate with an Advanced Degree

1. University of Vermont 83.3%

There was just one school in Vermont that had first-time candidates for the CPA exam (with an advanced degree). The pass rate was higher than the national pass rate of 54.6% for all first-time candidates (with a bachelor’s degree or advanced degree). When comparing accounting programs, first-time CPA pass rate can be a helpful metric to consider although the numbers may be misleading if the total candidates at a school is low. To find a complete breakdown of CPA exam statistics see the 2013 NASBA Uniform CPA Examination Candidate Performance report provided by the National Association of State Boards of Accountancy.

Top Masters in Accounting Programs in Vermont

Champlain College (Burlington, VT)
Champlain College offers a Master of Business Administration degree with various concentration areas to help students prepare for careers as accountants and financial professionals. This degree requires a minimum of 39 credit hours to complete and is offered in an online format with 8-week terms. Courses required to earn the degree include Performance Measurement and Accounting Systems; Financial Decision Making; Managing Innovation through Information Technology; and Process Improvement/Operations. All students take an integrative capstone course based on a project that incorporates the knowledge areas covered in the curriculum, and which may also include field experience. Students interested in forensic accounting may be attracted by the program’s optional concentration in Digital Forensic Investigation Management. Champlain College additionally offers graduate certificates in Advanced Management and Management Studies. The faculty who teach the MBA program at Champlain College are practitioners as well as scholars, enabling them to guide student learning for real world applications. US News ranks Champlain College #14 in Regional Colleges (North).

College of St. Joseph (Rutland, VT)
College of St. Joseph offers master’s degree programs that can prepare students to sit for the Uniform CPA exam and become leaders in their fields. Its 26 month Master of Business Administration program is designed around the needs of working adults with online and evening classes. Program graduates are prepared to assume leadership positions in all sectors of business and the economy, including public, private, government, and not for profit organizations. The program capstone is a business policy course based on strategy and case studies with an emphasis on organizational leadership. Other courses in the program include Informational Technology Applications in Management Decisions; Quantitative Thinking; Accounting for Decision Makers; and Applying Managerial Finance. US News ranks the College of St. Joseph as a Tier 2 school in Regional Universities (North) and notes that the school has competitively small class sizes, conducive to advanced learning.

University of Vermont (Burlington)
The University of Vermont offers a well-regarded Master of Accountancy program on two tracks, one designed for students who did not major in accounting for their undergraduate degree and one designed for students with an undergraduate degree in accounting. Recent curriculum changes for the program have increased the emphasis on business communication, ethics, and career development while maintaining the program’s accounting focus and academic research quality. The 30 credit hour program is designed to be taken on a full time schedule, which allows program completion in less than one year. Graduates are prepared to enter the field of professional accounting through such courses as Advanced Topics in Management Accounting, Security Valuation and Portfolio Management, and Financial Statement Analysis. Many program graduates have gone on to work in assurance and tax services for widely recognized national and multinational accounting firms. University of Vermont is ranked #82 in National Universities by US News for its academic integrity, diverse programs, and affordability.

Top Accounting Firms for Graduates in Vermont

Gallagher, Flynn & Company LLP is the largest CPA firm in Vermont, and is part of the McGladrey Alliance. Gallagher, Flynn & Company is constantly looking for talent to join its team of dedicated professionals. McSoley & McCoy is one of the premiere accounting firms in northern New England, thanks to an entrepreneurial spirit, and is looking for recent graduates to fuel its growth. Davis & Hodgdon Associates services clients from many industries, but specializes in the non-profit sector. Davis & Hodgdon is always looking for qualified applicants.

How to Become a CPA in Vermont

The Vermont Board of Public Accountancy oversees the process for becoming a Certified Public Accountant in the state. There are five main steps to complete in order to earn a CPA license in Vermont.

1. Complete a 150 semester hour or 225 quarter hour educational program of acceptable coursework in accounting.
2. Accumulate the required hours of experience.
3. Complete the AICPA ethics course and exam.
4. Pass the Uniform CPA Examination.
5. Apply for a license.

1. Complete a 150 semester hour or 225 quarter hour educational program of acceptable coursework in accounting.

Prospective Vermont CPAs must first complete a 150 semester hour program of education that includes the award of at least a bachelor’s degree and a minimum of 42 semester hours of accounting coursework. The coursework undertaken must include:

  • At least six hours in financial accounting beyond the introductory level;
  • At least three semester hours in auditing;
  • At least three semester hours in US income tax;
  • And at least three semester hours in US business law.

2. Accumulate the required hours of experience.

The Vermont Board of Public Accountancy requires CPA applicants to complete at least one year of accounting experience. The year of experience must be completed not more than 4 years before completing the Uniform CPA Exam and not more than 4 years following completion of the exam. The work experience must be supervised by a currently licensed CPA and include non-routine accounting experience.

3. Complete the AICPA ethics course and exam.

A passing score on the AICPA ethics course and exam is required for Vermont CPA licensure. The course and exam must be taken within two years of applying for a license. Applicants may order the course materials from AICPA.

4. Pass the Uniform CPA Examination.

The Uniform CPA Exam is a license requirement for CPAs in all 50 states. The Vermont Board of Public Accountancy uses NASBA to process applications to the Uniform CPA Exam. Prospective licensees who are ready to take the exam may begin the application process through the NASBA website. All four sections of the exam must be passed within an 18 month rolling period.

5. Apply for a license.

Once a candidate has passed the Uniform CPA Exam and the Vermont Board of Public Accountancy has received the candidate’s scores from NASBA, the board will contact the candidate with the required application materials for a license. Note that applicants must apply for a license within four years of passing the Uniform CPA Exam.

After obtaining a license, Vermont CPAs must complete 80 hours of continuing education during each biennial renewal period. You can find additional information at the Vermont Board of Public Accountancy website.
(Source: Vermont Board of Public Accountancy)

Vermont Accountant Salary and Job Outlook

Projected Job Growth

8.0%

Accountants and Auditors in Vermont from 2010-20203

According to the US Bureau of Labor Statistics, accountants in Vermont earn an average salary between $64,370 and $66,440 per year. Most accountants in Vermont work in the Burlington metro area. Accountants with a CPA designation are expected to have an edge in the job market as demand for accountants grows by 16% or more from 2010 to 2020 according to US Bureau of Labor Statistics predictions.

References:
1. National Center for Education Statistics: https://nces.ed.gov/collegenavigator/
2. Niche: https://colleges.niche.com/search/t-traditional/sm2-accounting/st-vt/
3. Vermont Department of Labor: http://www.vtlmi.info/occupation.cfm