Accounting Schools in Indiana

This guide to accounting schools in Indiana provides you with comprehensive information on the schools and programs available in the state for those interested in pursuing an accounting degree. The range of programs and accounting schools in Indiana can provide a foundation for your future accounting career by matching an educational program to your skills, interests, and planned career track. You may also want to consider the online accounting programs available, which may offer more flexible educational opportunities.

Quick Facts

  • There are 50 not-for-profit colleges and universities with accounting degree programs in Indiana.1
  • 14 not-for-profit schools offer a master’s or advanced degree in accounting.1
  • Highest graduation rate*: University of Notre Dame, 97%1
  • Highest transfer-out rate*: University of Southern Indiana, 36%1
  • Highest net price per year*: Butler University, $34,8141
  • Lowest net price per year*: Indiana University-Northwest, $6,9921
  • Annual undergraduate tuition range for accounting programs in Indiana*: $7,560-$38,4772
  • 4 schools in the Businessweek’s Top Business Undergraduate Programs in 2013: University of Notre Dame (1), Indiana University (13), Butler University (47), Purdue University (58)
  • 2 schools in the Kiplinger’s Best Values in Public Colleges in 2013: Indiana University-Bloomington (39), Purdue University (51)
  • 3 schools ranked in US News National Universities Rankings in 2013 (top 100): University of Notre Dame (17), Purdue University-West Lafayette (65), Indiana University-Bloomington (83)

*For 4-year not-for-profit colleges and universities with accounting degree programs.

For more information on accounting schools in Indiana, keep reading this page to find school profiles, descriptions of popular programs, and more.

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

  1. Indiana University Bloomington 82.4%
  2. University of Notre Dame
  3. Indiana University-Purdue University Indianapolis
  4. Purdue University Calumet
  5. Purdue University

The first-time CPA exam pass rate ranged from 24.1% to 82.4% at schools in Indiana (for candidates with an advanced degree). There were eight schools in Indiana that sent candidates. For comparison, the national pass rate for all first-time candidates was 54.6% in 2013 according to Nasba.org. Potential students may consider first-time CPA exam pass rate as an indicator of the quality of instruction; however, the percentage may be skewed if a school has a small number of candidates. You can find full CPA exam statistics on the 2013 NASBA Uniform CPA Examination Candidate Performance report provided by the National Association of State Boards of Accountancy.

Top Master’s in Accounting Programs in Indiana

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Ball State University (Muncie, IN)

Ball State University offers a master’s degree in accounting through its Miller College of Business to supplement the skills and theory learned in acquiring an undergraduate business degree. Graduate courses emphasize the development of critical thinking and advanced business skills while specializing in leadership and communication. The core curriculum includes coursework in Tax Planning and Research, Attestation Principles and Practices, and International Accounting Issues. To promote a rounded education, students are required to take 9 to 12 credit hours outside of the accounting department under the guidance of the graduate advisor. The Miller College of Business and its Department of Accounting are accredited by the Association to Advance Collegiate Schools of Business (AACSB). Graduate assistantships are available to assist with the cost of tuition. Ball State is ranked #181 in National Universities by US News for its selection of degrees, including many advanced degrees, academic selectivity, and small class sizes.

Indiana State University (Terre Haute, IN)

Indiana State University awards a Master of Business Administration that can prepare students for careers as CPAs and management professionals. The program curriculum covers theory as well as practice while advancing students’ core skills in problem-solving and strategic thinking. Students may take a 9 credit concentration in multiple subject areas including accounting. Required courses include Strategic Financial Decisions, Managing the Strategic Workforce, and Strategic Supply Chain and Operating Decisions. A culminating experience in the capstone course Dynamic Strategy: An Integrated Approach guides students to apply the knowledge and skills earned during graduate study in a real-world context. Students who do not have an undergraduate degree in business or accounting may prepare for the master’s program through foundational courses, self-study, or testing out, or a combination of these. US News ranks Indiana State as a Tier 2 National University, noting its affordable tuition and variety of academic programs.

Purdue University (West Lafayette, IN)

Purdue University offers a Master of Accountancy (MAcc) program that prepares students to become professional accountants. Graduates are prepared to pursue careers in all areas of accounting practice, including public practice, business, and not-for-profit. Students with an undergraduate degree in accounting typically meet the requirements to sit for the Uniform CPA exam after program completion. Core MAcc courses at Purdue include Advanced Managerial Accounting, Communications for Accountants, Fraud Investigation & Forensic Accounting, and Corporate Governance & Ethics. A capstone course in Advanced Financial Reporting is also included in the curriculum. Program applications are considered on a rolling basis during the fall, spring, and summer semesters. Students who do not hold an undergraduate degree in accounting are required to complete leveling courses in accounting and related subject areas, though these may not be counted towards the 30 credits required to earn the MAcc. The home campus of Purdue in Lafayette, Indiana is ranked #68 in National Universities by US News.

Top Accounting Firms for Graduates in Indiana

Alerding CPA Group is one of the top 20 accounting and consulting firms in central Indiana. Alerding & Co. offers comprehensive and competitive benefits to all employees working 30 hours or more per week and offers all of its staff professional development opportunities. Kemper CPA Group has offices throughout Indiana, at each of which it offers a full suite of accounting, audit, and tax services to its clients. With a focus on long-term client relationships, Kemper CPA Group hires recent graduates and offers students internship opportunities. Swartz-Retson is the oldest and largest accounting firm in Northwest Indiana and extends its services to businesses and individuals throughout the Chicago area.

How to Become a CPA in Indiana

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

  1. Complete a 150-semester hour educational program of acceptable coursework in accounting.
  2. Accumulate the required hours of experience.
  3. Pass the Uniform CPA Examination.
  4. Apply for a license.

1. Complete a 150-semester hour educational program of acceptable coursework in accounting.

Aspiring Indiana CPAs must first complete an education program totaling 150 semester hours, which must include at least a bachelor’s degree and a concentration in accounting. A concentration is typically considered to be at least 24 semester hours in accounting at the undergraduate level or 15 semester hours in accounting at the graduate level. Prospective CPAs should also complete at least 24 semester hours in business administration and economics courses.

2. Accumulate the required hours of experience.

At least two years (24 months) of experience in accounting are required to earn a CPA license in Indiana. Accounting experience includes providing service or advice that uses accounting, attest, compilation, management advisory, financial advisory, tax, or consulting skills. The experience may take place in government, academia, industry, or public practice. CPA applicants must have the experience verified by a CPA who is actively licensed in Indiana or another state. Applicants who hold an advanced (master’s or higher) degree in accounting or business administration may have up to 12 months of the experience requirements waived.

3. Pass the Uniform CPA Examination.

Indiana uses the National Association of State Boards of Accountancy (NASBA) to administer the Uniform CPA Exam, which is a requirement for CPA licensure in all 50 states. Indiana applicants must meet the state education requirements prior to taking to the exam. Applications for the exam must be submitted through NASBA.

4. Apply for a license.

After meeting the experience requirements and passing the Uniform CPA Exam, prospective CPAs may apply to the Indiana Board of Accountancy for a license. The application form is available on the Indiana Board of Accountancy website. Once the application is approved, the applicant will be notified to send the appropriate licensing fee.

Indiana CPA licenses are renewed on a 3 year cycle (2014, 2018, 2021, and so on). For each three year renewal period, CPAs must complete 120 hours of continuing professional education, with at least 20 hours per calendar year. You can find additional information at the Indiana Board of Accountancy website.
(Source: Indiana Board of Accountancy, Indiana Professional Licensing Agency)

Indiana Accountant Salary and Job Outlook

Projected Job Growth


Accountants and Auditors in Indiana from 2010-20203

About 18,000 CPAs and auditors work in Indiana, at an average salary of $65,190. According to the US Bureau of Labor Statistics, the mean range of salaries for these professionals is between $64,370 and $66,440. Many of the accountant positions available are in the Indianapolis metro area, where the average salary is higher, at about $69,760. Job opportunities in this field are expected to grow by nearly 20% by 2020, making now a good time to seek CPA certification in Indiana.

Student Reviews

Note: Student Reviews are based on the experiences of a few individuals and it is unlikely that you will have similar results. Please review the “Data, Student Reviews and Other Information” section in our Terms of Use and Disclaimers.

Indiana University
107 S Indiana Ave
Bloomington, IN 47405
(812) 855-4848

Student Review: “The Kelley School of Business at Indiana University has helped me for my future. The best part about my education was I-Core, a semester-long program that every student is required to complete. The course consisted of 14 weeks of lecture in Finance, Marketing, Strategy, and Operations. After the lecture section, we had 2 weeks of a 2 credit case competition. This case brought all of the material together and forced teams to their limit academically and mentally. I personally feel that I am a better business person because of I-Core. Also, the professors were always great and professional.” – Student at Indiana University

1. National Center for Education Statistics College Navigator: https://nces.ed.gov/collegenavigator/
2. Niche College Search: https://www.niche.com/colleges/search/best-colleges-for-accounting/?type=private&type=public
3. Indiana Department of Workforce Development: https://www.indianacareerready.com/Indemandjobs