Accounting Degrees in Michigan
Close to 10 million Michiganders receive valuable financial services from 1,547 licensed CPA firms across the state. All four of the major international accounting firms (Deloitte & Touche, KPMG, Pricewaterhousecoopers and Ernst & Young) have offices located in Detroit, Michigan, along with 20 Fortune 500 companies. The state’s diverse economy – including automobile production, natural resources and research and development – contributes to its massive production – according to the U.S. Economic Development Administration, Michigan’s 2013 gross state product was $408.218 billion, ranking it 13th out of the 50 states. This abundance of wealth and production contributes to the per capita income of $37,497 and promises a large number and variety of employment opportunities for CPAs in this state.
Michigan at a glance
|Per Capita Income||$37,497|
|Fortune 500 Companies||20|
|Licensed CPA Firms||1,547|
Accounting Programs in Michigan
Search our comprehensive school directory to explore the accounting programs in Michigan, including campus-based, online and hybrid programs.
- Degree Levels
Accounting Salaries and Employment
Any Michigan resident interested in becoming a CPA can look forward to earning between $37,050 and $109,930 annually depending on their licensure, speciality and degree level. Major firms headquartered in Michigan, including Plante Moran, Rehmann, Doeren Mayhew and Yeo & Yeo generate an average of $150 million in annual revenue combined (Plante Moran is at the top, earning $411.32 million in 2014). The best cities for accountants and auditors in the state to find work in are Saginaw, Flint, the Detroit area and the Warren-Troy-Farmington Hills area.
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
- Detroit-Livonia-Dearborn, MI$74,090
- Detroit-Warren-Livonia, MI$73,680
- Warren-Troy-Farmington Hills, MI$73,480
- Saginaw-Saginaw Township North, MI$71,180
- Flint, MI$69,240
Major firms headquartered in Michigan
|Count||Firm||Location||2014 Revenue (in millions)|
|1||Plante Moran||Southfield, MI||$411|
|3||Doeren Mayhew||Troy, MI||$53|
|4||Yeo & Yeo||Saginaw, MI||$31|
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 Michigan
Those interested in sitting for the Uniform CPA Exam in the state of Michigan administered by NASBA must meet the requirements listed below. Along with initial public accounting certification, Michigan supports reciprocal licensure.
Any aspiring CPAs who are not able to successfully pass all four sections of the exam on their first try are allowed to apply to take the full exam or the necessary sections again – a typical procedure due the exam’s complexity. All four sections must receive a passing score of 75 within 18 months. Organized below is a list of Michigan schools ranked by their CPA Pass Rates from 2014.
Eligibility for CPA Licensure in Michigan
In order to be eligible for CPA licensure in Michigan, candidates need to meet the qualifications listed below.
- Meet the education requirements including
- 30 undergraduate semester hours in accounting courses
- 12 graduate semester hours in accounting or business
- Have completed at least 150 semester hours of college education, including a baccalaureate degree OR have 120 semester hours completed within 30 days after the candidate takes the first exam section
- Pass the Uniform CPA exam
- Complete the 1 year of experience required
There is no ethics exam or residency requirement for CPAs in the state of Michigan.
|Social Security # Requirement||Yes|
|Education Requirement for Licensure||150 hours (including B.A.)|
|Participates in International Programs||Yes|
|Hours in Accounting||B.A. degree 30 semester hours or equivalent quarter hours in accounting. M.A. degree in accounting or business-12 semester hours or equivalent quarter hours in graduate level accounting.|
|Exam Sitting Requirements||B.A. (120 hours) must be completed within 30 days following the actual date the candidate takes the first exam section.|
|Experience Requirements||1 year of qualifying experience gained through employment in government, industry, academia or public practice.|
Any applicants who have previously applied for the CPA Examination outside of NASBA’s online application tool will need to import their previous application information. This will require their Jurisdiction ID number of the region they first took the exam in, which can be found here.Source: The American Institute of CPAs
CPA exam fees in Michigan
- Application Fee $147
- Auditing & Attestation $192
- Financial Accounting & Reporting $192
- Regulation $172
- Business Environment & Concepts $172
Special Fees: The State Board of Accountancy has an application processing fee of $100 as well as an annual license fee for firms and individuals of $100. A reciprocity fee of $100 and/or a temporary permit fee of $100 may be applicable. A registration fee applies in addition to the application fee, and varies depending on the number of sections an individual is taking. The registration fee for all four sections is $117, for three sections is $99, for two sections is $81, for one section is $63.
Schools Ranked by CPA Pass Rates, 2014
|Rank||Logo||School Name||Candidates||Pass Rate||Average Score|
|1||Macomb Community College||5||83.3%||82.8|
|2||University of Michigan - Ann Arbor||126||77.6%||81.2|
|6||Michigan State University||434||66.2%||77.2|
|8||Grand Valley State University||145||63.1%||77|
|10||Walsh College of Accountancy and Business||122||59.6%||75.4|
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
Certifying and Professional Organizations
The Michigan State Board of Accountancy is the branch of the Department of Licensing and Regulatory Affairs responsible for the certification, licensure and regulation of certified public accountants and firms. Providing online services, continuing education and testing are further responsibilities of the Board, working congruently with NASBA.
Licensed, certified and aspiring CPAs may join the Michigan Association of CPAs in order to benefit from the resources, networking and employment opportunities the statewide professional organization offers. Comprised of 17,500 members, the MICPA represent CPAs working in all sectors – business, education, government and public accounting – by promoting and enhancing the value of professional accounting.
Michigan State Board of Accountancy
P.O. Box 30018
Lansing, MI 48909