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, which some students find to be a better match to their needs in higher education.
- There are 9 not-for-profit colleges and universities with accounting degree programs in Vermont.1
- 3 not-for-profit schools offer a master’s or advanced degree in accounting.1
- Highest graduation rate*: Saint Michael’s College, 78%1
- Highest transfer-out rate*: College of St. Joseph, 41%1
- Highest net price per year*: Champlain College, $37,5661
- Lowest net price per year*: Lyndon State College, $13,3041
- 1 school ranked in Businessweek’s Top Business Undergraduate Programs in 2017: University of Vermont (107)
- 1 school ranked in Kiplinger’s Best Values in Public Colleges in 2018: University of Vermont (#80 in-state, #93 out-of-state)
- 1 school ranked in US News National Universities Rankings in 2019 (top 100): University of Vermont (96)
*For four-year not-for-profit 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 2015 First-Time CPA Exam Pass Rate with an Advanced Degree
- University of Vermont (76.7%)
- Castleton State College (57.1%)
There were two schools in Vermont that had first-time candidates for the CPA exam with an advanced degree in 2015. The pass rates ranged from 57.1% to 76.7%, higher than the national pass rate of 48.4% for all candidates (with a bachelor’s degree or advanced degree). When comparing accounting programs, the first-time CPA pass rate can be a helpful metric to consider although the numbers may be misleading if the total number of candidates at given a school is low. To find a complete breakdown of CPA exam statistics see the 2015 NASBA Uniform CPA Examination Candidate Performance report provided by the National Association of State Boards of Accountancy (NASBA).
Top Master’s in Accounting Programs in Vermont
Champlain College (Burlington, VT)
Champlain College offers a Master of Science (MS) in Accounting degree that can be completed 100% online. Designed for working professionals, Champlain’s master’s in accounting degree focuses on a holistic approach, exploring how the field relates to IT, organizational strategy, and other business functions. The program emphasizes hands-on learning that encourages students to apply the concepts they learn in class to their everyday work. All MS students earn an embedded 12-credit certificate in a related subject of their choice, including Advanced Management, Business Management, Leadership, and Supply Chain Management, among others. Core courses in the program include Business Analysis Using Financial Statements, International Dimensions of Accounting, Advanced Fraud and Forensic Accounting, and IT Auditing. The Champlain master’s program is designed to be completed in as little as 10 months, and students can enter the program at six different start dates throughout the year. US News & World Report ranks Champlain College #81 (tie) in Regional Universities (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 (MBA) 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 #36-#47 in Regional Universities (North) and notes that the school has competitively small class sizes, conducive to advanced learning.
University of Vermont (Burlington, VT)
The University of Vermont offers a well-regarded Master of Accountancy (MAcc) 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 #96 (tie) 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.
- Complete a 150-semester hour or 225-quarter hour educational program of acceptable coursework in accounting.
- Accumulate the required hours of experience.
- Complete the AICPA ethics course and exam.
- Pass the Uniform CPA Examination.
- 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
- 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 four years before completing the Uniform CPA Exam and not more than four 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 candidate can apply for a license through Vermont’s online licensing platform. 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, and four of these hours must be in ethics. You can find additional information at the Vermont Board of Public Accountancy website.
Vermont Accountant Salary and Job Outlook
Projected Job Growth
Accountants and Auditors in Vermont from 2016-20262
According to the Bureau of Labor Statistics, accountants in Vermont earn an average salary of $75,470 per year.3 Most accountants in Vermont work in the Burlington metro area.3 3,120 accountants and auditors currently work in the state, and accountants with a CPA designation are expected to have an edge in the job market as demand for accountants grows by 5.7% through 2026.2,3
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