Accounting Degrees in Connecticut
Connecticut’s geographic position in between New York and Boston places it at the heart of one of the most profitable business corridors in the world. The Nutmeg State is home to 655 CPA firms including offices for each of the “Big Four” international accounting firms — Deloitte & Touche, KPMG, Pricewaterhousecoopers and Ernst & Young.
The majority of the state’s more than 16,000 accountants and auditors are employed by CPA firms, financial services agencies and insurance companies. Connecticut’s economy is much bigger than its geographic size might suggest; the state has the 23rd largest state economy in the nation, boasts a per capita GDP of over $65,000 and is home to the third highest number of millionaires per capita in the U.S.
Connecticut at a glance
|Per Capita Income||$58,908|
|Fortune 500 Companies||15|
|Licensed CPA Firms||655|
Accounting Programs in Connecticut
Search our comprehensive school directory to explore the accounting programs in Connecticut, including campus-based, online and hybrid programs.
- Degree Levels
Accounting Salaries and Employment
The BLS expects Connecticut to add CPAs at the rate of 11.4% between 2012 and 2022, increasing the number of licensed CPAs in the state by about 2,000. Connecticut accountants and auditors outearn the national average by more than $3,100 per year with a mean income of $77,000.
Two of the five largest accounting firms in the state are major regional players; the firms, Blum Shapiro and Cohn Reznik, employ more than 200 state CPAs. As a result, of a 2009 merger with NCNP Connecticut’s own Blum Shapiro became one of the 100 largest accounting and auditing firms in the country.
Projected Job Growth for Accountants
Accounting Salaries by Specialty
Associate Degree Recommended
Bookkeeping and Auditing Clerks
Bachelor's Degree Recommended
Tax Examiners and Collectors
Master's Degree Recommended
Accountants and Auditors
Personal Financial Advisors
Top-paying cities for accountants
- New Haven$74,060
- Hartford-West Hartford-East Hartford$73,630
Major firms headquartered in Connecticut
|Count||Firm||Location||2014 Revenue (in millions)|
|1||BlumShapiro||West Hartford, CT||$61|
|2||Whittlesey & Hadley||Hartford, CT||$15|
Accounting Today named these firms among the highest performing in a multi-state region. Rankings as based upon reported net revenues from 2014. Source: Accounting today "Top 100 Firms"
Becoming a certified public accountant (CPA) in Connecticut
As in all states, aspiring accountants in Connecticut must sit for and pass the Uniform CPA Exam administered by the National Association of State Boards of Accountancy (NASBA). Candidates must also meet the other requirements delineated by the NASBA and the Connecticut State Board of Accountancy.
Since not all CPA candidates pass the Uniform CPA Exam in its entirety on their first attempt, the state of Connecticut allows applicants to retake portions of the test within 18 months of their initial attempt. Currently licensed CPAs who wish to maintain their licenses must meet the state’s continuing professional education (CPE) requirements annually.
Eligibility for CPA Licensure in Connecticut
To qualify for the right to sit for the Uniform CPA Exam prospects must meet the following minimum standards:
- 150 hours of post-secondary education, including 36 hours of accounting-specific coursework
- Posses a minimum of a bachelor’s degree
- Two years of work experience verified by an active license CPA
- Attain 18 years of age
Connecticut allows CPAs who have been licensed by other states to transfer their active license to Connecticut regardless of whether they meet the state’s current licensure requirements. CPA candidate in Connecticut must also take and pass the AICPA Ethics Examination before a license can be issued.
|Social Security # Requirement||Yes|
|Education Requirement for Licensure||150 hours (including bachelor's degree)|
|Participates in International Programs||Yes|
|Hours in Accounting||36 semester hours or equivalent quarter hours in accounting|
|Exam Sitting Requirements||Bachelor's degree (120 hours)|
|Experience Requirements||2 year general requirement in public practice, government or industry.|
|Ethics Exam||Must pass AICPA Ethics exam for initial licensure|
CPA candidates who were educated outside of the United States must have the credential verified by a member of NACES (National Association of Credential Evaluation Services).Source: The American Institute of CPAs
CPA exam fees in Connecticut
- Application Fee $135
- Auditing & Attestation $192
- Financial Accounting & Reporting $192
- Regulation $172
- Business Environment & Concepts $172
CPA Candidates who did not pass all four parts of the Uniform CPA Exam on their first attempt may apply to re-take one or more sections again. A re-examination fee is required with application.
Schools Ranked by CPA Pass Rates, 2014
|Rank||Logo||School Name||Candidates||Pass Rate||Average Score|
|1||University of Connecticut||309||61.4%||75.5|
|3||Eastern Connecticut State University||39||48.3%||71.6|
|4||University of Bridgeport||14||47.6%||69.6|
|5||Western Connecticut State University||42||45.7%||70.5|
|7||Central Connecticut State University||80||42.9%||68.7|
|8||Sacred Heart University||87||39.6%||68.6|
|9||Southern Connecticut State University||24||39.3%||66.8|
|10||University of Hartford||37||36.4%||69|
Schools are ranked by pass rate unless otherwise noted. Results are comprised of scores from both first-time test takers and those returning to take the whole exam or specific sections of it again. Source: National State Boards of Accountancy
Certifying and Professional Organizations
CPA licensing in Connecticut is administered by the State Board of Accountancy which resides within the Connecticut Secretary of State’s office. The state board is responsible for issuance of new licenses, renewals and inter-state transfers. License requirements and accountancy rules and regulations may be found on the State Board of Accountancy website. The board does not provide or administer any of the testing required for licensing. Test administration is done by the AICPA and the NASBA.
The Connecticut Society of Certified Public Accountants (CTCPA) is the primary professional membership organization for CPAs in the state. Membership is voluntary and benefits include continuing professional education opportunities and professional advocacy support.
Connecticut Board of Accountancy
30 Trinity Street
Hartford, CT 06106