Address & Contact Info
231 N. Martingale Rd., 6th Floor
Bachelors Degree Programs Available
Masters Degree Programs Available
Illinois is home to many of the nation’s largest companies, including McDonald’s, American Airlines, Boeing and Motorola, in addition to a number of financial institutions such as the Chicago Mercantile Exchange. Industrial products and crops are also large contributors to the state’s wealth. All told, Illinois ranks fifth in the nation in terms of gross state product.
Approximately 50,000 accounting specialists are licensed in the state and work in diverse capacities for the public and private sectors that make up this massive state economy.
Jobseeking accountants have dozens of major firms to choose from in Illinois. All of the four major international CPA firms have offices located throughout the state (Deloitte & Touche, KPMG, Pricewaterhouse Coopers and Ernst & Young), not to mention Wolf & Co., which has joined BKD, the 12th largest accounting and advisory firm in the nation. Sikich, one of the top four accounting firms in the state, employs more than 600 individuals alone.
|Per Capita Income||$44,815|
|Fortune 500 Companies||33|
|Licensed CPA Firms||2,550|
Search our comprehensive school directory to explore the accounting programs in Illinois, including campus-based, online and hybrid programs.
231 N. Martingale Rd., 6th Floor
639 38th St
Rock Island, IL
347 S Gladstone Ave
5700 College Rd
3601 W Devon Avenue, Ste. 310
700 College Ave
1501 W Bradley Ave
2400 Tom L. Wilson Boulevard
5440 Fargo Avenue
30 E Lake St
1145 W Wilson Ave.
6301 S Halsted St
10001 S Woodlawn Ave
7500 S Pulaski Rd
4300 N Narragansett
425 Fawell Blvd.
Glen Ellyn, IL
19351 W Washington St.
River Forest, IL
2000 E Main St
Employment for accountants and auditors in Illinois is expected to increase by 11.7% in the next seven years, resulting in nearly 54,000 individuals out of Illinois’ 12.88 million people working as accountants. The average annual wage in Illinois for accountants is higher than the national average in most instances, ranging from $38,740 to $99,460.
Profitable cities for accountants in Illinois include Peoria, the Kenosha and Lake Counties, Decatur and Chicago. Chicago happens to be home to two of the larger firms in the state, Baker Tilly Virchow Krause, which made $301.30 million in revenue for 2014, and ORBA, which generated $21.80 million.
|Count||Firm||Location||2014 Revenue (in millions)|
|1||Baker Tilly Virchow Krause||Chicago, IL||$301|
|3||Wolf & Co.||Oakbrook Terrace, IL||$23|
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"
The Uniform CPA Exam for the state of Illinois is administered by the Illinois Board of Examiners. Anyone who has passed this exam in another state or jurisdiction, but is not eligible to receive certification, in that state may transfer their exam credit as long as they meet Illinois’ own educational and ethics requirements.
Reciprocity certification is also available for those individuals who hold an equivalent, valid license or certificate by directly applying to the Department of Financial and Professional Regulation.
Individuals can obtain Illinois CPA certification by sitting for and passing the Uniform CPA Exam. Potential candidates must meet the following requirements:
Candidates do not need a graduate degree in order to qualify to sit for the CPA exam in Illinois. However, first-time exam candidates must have completed at least 150 credit hours of acceptable coursework, which includes a baccalaureate degree or higher. Acceptable credit hours must include the equivalent of a concentration in accounting.
|Social Security # Requirement||Optional|
|Education Requirement for Licensure||150 hours (including bachelor's degree)|
|Hours in Accounting||24 credits of accounting coursework and 24 credits of business coursework that includes courses in financial accounting, auditing, taxation and management accounting.|
|Exam Sitting Requirements||150 hours (must complete education requirement prior to sitting for exam)|
|Experience Requirements||1 year general experience in government, industry academia or public practice.|
|Ethics Exam||Must pass AICPA Professional Ethics Exam for initial licensure|
Source: The American Institute of CPAs
Special Fees: First time candidates must put forward an academic credential evaluation fee to ensure their transcripts meet the educational requirements to sit for the exam. The domestic credential evaluation fee is $175; the foreign or foreign and domestic credential evaluation fee is $250.
|Rank||Logo||School Name||Candidates||Pass Rate||Average Score|
|2||Olivet Nazarene University||12||62.1%||76.6|
|3||University of Illinois at Urbana-Champaign||791||59.4%||75.1|
|4||North Central College||36||59.4%||75.6|
|5||University of Chicago||39||59.1%||74.1|
|6||Northern Illinois University||294||56.2%||74.7|
|8||Illinois State University||206||55.3%||73.9|
|9||Trinity Christian College||13||54.3%||73|
|11||Loyola University of Chicago||192||52.2%||72.4|
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
The Illinois Board of Examiners is the body that approves CPA certification, but not the license to practice. Licenses, and requirements for continuing professional education, are done by the Illinois Department of Financial and Professional Regulation, which regulates the majority of professional and financial institutions in the state. Conversely, the Illinois CPA Society provides consumers with the ability to search for a CPA and provides CPAs a networking base to promote employment opportunities.
100 Trade Centre Drive; Suite 403
Champaign, IL 61820
320 W. Washington St. 3rd Floor
Springfield, IL 62786