Introduction

Over 900 licensed CPA firms provide financial services to over 6 million residents of the state of Missouri. Home to 10 Fortune 500 companies and all of the “Big Four” international CPA firms (Deloitte & Touche, KPMG, Pricewaterhousecoopers and Ernst & Young), Missouri has an abundance of employment opportunities for accountants and auditors coming in to the job market.

Two Federal Reserve Banks, as well as corporate giant Monsanto, are located in Missouri and contribute to the economy along with food processing, aerospace, equipment manufacturing, chemical production, agriculture and printing/publishing. This blossoming economy generates a total state product of around $225.9 billion and per capita income is $39,049 – in the top half of the nation.

Missouri at a glance

Population 6,063,589
Per Capita Income $39,049
Unemployment Rate 31.6%
Fortune 500 Companies 10
Licensed CPA Firms 928

Accounting Programs in Missouri

Search our comprehensive school directory to explore the accounting programs in Missouri, including campus-based, online and hybrid programs.

Accounting Salaries and Employment

Missourian accountants and auditors can look forward to a 12.7% increase in employment between 2012 and 2022, generating 29,130 potential positions. Burgeoning regional firms, like BKD, RubinBrown, Brown Smith Wallace, Anders and Mueller Prost will be contributing to this job pool.

Missouri’s accountants can also expect to earn anywhere between $36,090 and $121,360 annually in the state’s growing economy, depending on their degree level, speciality and licensure. Top-paying cities for accountants include St. Louis, Kansas City, Columbia, Springfield and Joplin.

Projected Job Growth for Accountants

25,850 Employees2012
29,130 Employees2022
Missouri 11.3% increase
1,275,400 Employees2012
1,442,200 Employees2022
United States 11.6% increase
Source: U.S. Department of Labor

Accounting Salaries by Specialty

Missouri Avg. Annual Wage United States Avg. Annual Wage

Associate Degree Recommended

Bookkeeping and Auditing Clerks

$36,090
$37,250

Payroll Clerks

$37,800
$39,850

Credit Counselors

$42,570
$44,960

Bachelor's Degree Recommended

Cost Estimators

$64,040
$63,660

Tax Examiners and Collectors

$45,570
$56,120

Master's Degree Recommended

Accountants and Auditors

$69,160
$72,500

Budget Analysts

$71,750
$72,560

Personal Financial Advisors

$
$99,920

Actuaries

$101,870
$107,740

Financial Managers

$121,360
$126,660
Source: BLS OES

Top-paying cities for accountants

  1. St. Louis, MO
    $76,770
  2. Kansas City, MO
    $66,600
  3. Columbia, MO
    $65,720
  4. Springfield, MO
    $61,020
  5. Joplin, MO
    $56,690
Source: OES Data Tool

Major firms headquartered in Missouri

Count Firm Location 2014 Revenue (in millions)
1BKDSpringfield, MO$418
2RubinBrownSt. Louis, MO$68
3Brown Smith WallaceSt. Louis, MO$31
4AndersSt. Louis, MO$26
5Mueller ProstSt. Louis, MO$13

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 Missouri

Aspiring CPAs of Missouri sit for the Uniform CPA Exam administered by NASBA and AICPA and must meet the eligibility requirements listed below. Several of the colleges and universities in the state have accounting programs with top passing rates.

The list below of Missouri schools ranked by their CPA Pass Rates from 2014 includes both first time testers and candidates returning to attempt the exam again, retaking the whole exam or portions of it – a common event due to the complexity level of the exam.

Eligibility for CPA Licensure in Missouri

Missouri offers an optional pre-evaluation service to help students determine if they meet the educational requirements before applying for the exam.

Eligibility requirements for CPA licensure in Missouri include the following:

  • Be a minimum of 21 years of age
  • Be a resident of the state, be employed in Missouri, or have a place of business within the state
  • Hold a baccalaureate degree
  • Fulfill the 150 hour education requirement or be within 60 days of fulfilling the requirement
  • Complete 33 semester hours in accounting, 18 of which must be upper level
  • Complete 27 semester hours in general business
  • Complete 1 year of experience in accounting, and 1 additional year of experience in attest work if the candidate wishes to sign reports or supervise attest services
  • Complete a written exam on professional ethics approved by the Missouri Board
Age Requirement21
Citizenship RequirementNo
Residency RequirementNo
Social Security # RequirementYes
Education Requirement for Licensure150 hours (including B.A.)
Participates in International ProgramsYes
Hours in Accounting33 semester hours or equivalent quarter hours in accounting (1 course must be auditing and 18 hours must be in upper level accounting; 27 semester hours in general business courses (i.e., marketing, management, economics, finance, etc.)
Exam Sitting RequirementsMust be within 60 days of completing education requirement
Experience Requirements1 year accounting experience in industry, government, academia or public practice. To sign reports or supervise attest services, the CPA will need 1 additional year of experience in attest work.
Ethics ExamComplete written exam in professional ethics acceptable to the Missouri Board

First year candidates of the CPA exam may read this article to help prepare themselves.

Source: The American Institute of CPAs

CPA exam fees in Missouri

Total:$880
  • Application Fee $150
  • Auditing & Attestation $192
  • Financial Accounting & Reporting $192
  • Regulation $173
  • Business Environment & Concepts $173

Special Fees: A registration fee applies in addition to the application fee. The registration fee is a flat rate of $75, no matter the number of sections an individual is registering for.

Schools Ranked by CPA Pass Rates, 2014

RankLogoSchool NameCandidatesPass RateAverage Score

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 Missouri State Board of Accountancy is a state agency responsible for examining, certifying, licensing and regulating CPAs and public accounting firms. Funded by fees from CPA candidates and licensees, the Board administers the CPA exam for Missouri state. Upon licensure, CPAs are eligible to join the Missouri Society of CPAs.

The MSCPA is a professional development organization comprised of 8,000 members in working in public practice, industry, government, and education fields. The MSCPA is dedicated to the betterment of its members by providing continuing professional education, networking events, governmental advocacy, up-to-date news and information, student-centered initiatives and resource access.

Missouri State Board of Accountancy

Address

P.O. Box 613
Jefferson City, MO 65102

Phone Number

(573) 751-1102

Missouri Society of CPAs

Address

P.O. Box 419042
St. Louis, MO 63141

Phone Number

(314) 392-5835

Email

lthomas@mocpa.org