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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 accounting schools in Indiana can provide a foundation for your future with educational programs that match 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 38 not-for-profit colleges and universities with accounting degree programs in Indiana.1
  • 13 not-for-profit schools offer a master’s or advanced degree in accounting.1
  • Highest graduation rate*: University of Notre Dame, 95%1
  • Highest transfer-out rate*: Martin University, 53%1
  • Highest net price per year*: Butler University, $38,0511
  • Lowest net price per year*: Indiana University-Northwest, $6,7361
  • 4 schools ranked in Businessweek’s Top Business Undergraduate Programs in 2017: University of Notre Dame (2), Indiana University (4), Purdue University (57), Butler University (68)
  • 2 schools ranked in Kiplinger’s Best Values in Public Colleges in 2018: Indiana University-Bloomington (#33 in-state, #86 out-of-state), Purdue University (#15 in-state, #25 out-of-state)
  • 3 schools ranked in US News National Universities Rankings in 2019 (top 100): University of Notre Dame (18), Purdue University-West Lafayette (56), Indiana University-Bloomington (89)

*For four-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 2015 First-Time CPA Exam Pass Rate with an Advanced Degree

  1. University of Notre Dame (84.9%)
  2. Purdue University-Calumet (82.4%)
  3. Indiana University-Bloomington (74.5%)
  4. Butler University (74.2%)
  5. Indiana University-Purdue University Indianapolis (69.2%)
  6. Purdue University (52.8%)
  7. Ball State University (40.0%)

The first-time CPA exam pass rate ranged from 24.1% to 84.9% at schools in Indiana (for candidates with an advanced degree) in 2015. There were nine schools in Indiana that sent candidates. For comparison, the national pass rate for all candidates was 48.4% in 2015 according to the National Association of State Boards of Accountancy (NASBA). Potential students may consider the 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 2015 NASBA Uniform CPA Examination Candidate Performance report provided by NASBA.

Top Master’s in Accounting Programs in Indiana

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Ball State University (Muncie, IN)

Ball State University offers a Master of Science (MS) 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 nine to 12 credit hours outside of the accounting department under the guidance of a 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 #171 (tie) in National Universities by US News for its selection of degrees, including many advanced degrees, academic selectivity, and small class sizes.

University of Southern Indiana (Evansville, IN)

University of Southern Indiana offers an online Master of Business Administration (MBA) degree with a concentration in Accounting. This completely online program can be completed in as few as 11 months, though part-time students have an option to complete the degree at a slower pace. The program is divided between 21 credit hours of core coursework in business administration subjects and nine credit hours of courses in the accounting concentration. Accounting-specific courses include Financial Statement Analysis, Seminar in Auditing, and Accounting Regulation and Compliance. The MBA focuses on management and leadership skills as well as practical tools and understanding in the accounting field. Students are encouraged to work together on projects and analyze real-life business case studies. US News ranks University of Southern Indiana #128-#165 Regional Universities (Midwest), noting its affordable tuition and small class sizes.

Purdue University (West Lafayette, IN)

Purdue University’s Northwest campus 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 and Forensic Accounting; and Corporate Governance and 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 #56 (tie) in National Universities by US News.

Top Accounting Firms for Graduates in Indiana

Alerding CPA Group has been named one of the Top 400 accounting firms in the nation by INSIDE Public Accounting. 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 services or advice that use accounting, attest, compilation, management advisory, financial advisory, tax, and/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.

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 three-year cycle. For each three-year renewal period, CPAs must complete 120 hours of continuing professional education, with at least 20 hours per calendar year. At least four hours must be in ethics, and at least 10% of the total hours should be in accounting or auditing subjects. You can find additional information at the Indiana Board of Accountancy website.

Indiana Accountant Salary and Job Outlook

Projected Job Growth

11.0%

Accountants and Auditors in Indiana from 2016-20262

About 20,190 CPAs and auditors work in Indiana, at an average salary of $66,600 annually.3 According to the Bureau of Labor Statistics, 8,990 accountants and auditors work in the Indianapolis metro area, where the average salary is higher, at about $71,710.3 Job opportunities in this field are expected to grow by 11% through 2026 in Indiana, making now a good time to seek CPA certification in the state.2

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

https://www.indiana.edu/

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
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References:
1. National Center for Education Statistics College Navigator: https://nces.ed.gov/collegenavigator/
2. Projections Central, Long Term Occupational Projections (2016-2026): http://www.projectionscentral.com/projections/longterm
3. Bureau of Labor Statistics, Occupational Employment Statistics, Occupational Employment and Wages, May 2017, 13-2011 Accountants and Auditors: https://www.bls.gov/oes/current/oes132011.htm