Accounting Degrees in New Jersey
Nearly 9 million residents make up the population of New Jersey, making it the most densely populated and the 11th most populated state in the U.S. This state is also the second-wealthiest U.S. state by median household income, has the third-highest per capita income at $53,628, the second-largest number of millionaires per capita and generates around $487 billion in total state product.
All of the “Big Four” international CPA firms (Deloitte & Touche, KPMG, PricewaterhouseCoopers and Ernst & Young)along with 28 Fortune 500 companies maintain multiple office locations throughout New Jersey. In-state finances for these major firms is primarily managed by 1,830 licensed CPA firms located throughout the state.
New Jersey at a glance
|Per Capita Income||$53,628|
|Fortune 500 Companies||28|
|Licensed CPA Firms||1,830|
Accounting Programs in New Jersey
Search our comprehensive school directory to explore the accounting programs in New Jersey, including campus-based, online and hybrid programs.
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Accounting Salaries and Employment
Accountants and auditors in New Jersey can expect to see an 8.4% increase in employment between 2012 and 2022, leading to over 40,000 potential positions. Although this growth rate is somewhat slower than the national averages, job opportunities are cropping up in regional firms, such as Rothstein Kass, WithumSmith+Brown, Wiss & Co. and Untracht Early.
New Jersey’s accountants can also anticipate earning a higher average wage than their counterparts in other states. Annual wages range between $43,370 and $154,130 in this sturdy economy. Top-paying cities for accountants in New Jersey include Camden, Edison-New Brunswick, Newark-Union, Trenton-Ewing and Vineland-Millville-Bridgeton.
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
- Camden, NJ$84,620
- Edison-New Brunswick, NJ$84,120
- Newark-Union, NJ-PA$83,750
- Trenton-Ewing, NJ$81,540
- Vineland-Millville-Bridgeton, NJ$73,300
Major firms headquartered in New Jersey
|Count||Firm||Location||2014 Revenue (in millions)|
|1||Rothstein Kass||Roseland, NJ||$202|
|3||Wiss & Co.||Livingston, NJ||$33|
|4||Untracht Early||Florham Park, NJ||$19|
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 New Jersey
What follows is a list of the eligibility qualifications required in order to sit for the Uniform CPA Exam in the state of New Jersey to become licensed as a CPA. A few samples of the required coursework for CPA licensure are listed as well as a breakdown of exam fees and a list of schools ranked by their CPA Pass Rates from 2014.
Due to the complex and in-depth nature of the exam, many students do not receive a passing score on one or several sections of the exam and must therefore retest. The rankings below include scores from both students retesting and testing for the first time. All four sections of the exam must be passed with 18 months of the initial test date. New Jersey has a triennial license renewal policy.
Eligibility for CPA Licensure in New Jersey
Eligibility for CPA Licensure in New Jersey is contingent upon the following qualifications for CPA candidates:
- A minimum of 18 years of age
- Meet the 150 hour educational requirement
- Hold a baccalaureate degree
- Complete 24 semester hours in undergraduate accounting or 15 hours of graduate level accounting courses
- Complete 1 year of experience in public accounting practice
- Take and pass an exam on the laws, regulations and code of ethical conduct in effect in the state of New Jersey
|Social Security # Requirement||Yes|
|Education Requirement for Licensure||150 hours (including bachelor's degree)|
|Participates in International Programs||No|
|Hours in Accounting||150 hours (including bachelor's degree or higher); 24 semester or equivalent quarter hours in accounting at undergraduate level or 15 hours in accounting at graduate level which includes financial accounting, auditing, taxation and management accounting.|
|Exam Sitting Requirements||As long as a student has taken at least 24 hours in accounting courses and has a graduate degree in business or accounting from an accredited school qualify to sit for the CPA exam in New Jersey. Those who hold a baccalaureate degree are eligible to sit for the exam if they’ve completed 24 credits of accounting coursework and 36 credits of business coursework that includes courses in business law, economics, municipal and government accounting and other related business subjects.|
|Experience Requirements||1 year experience in the practice of public accountancy. The experience includes intensive and diversified experience in accounting or auditing.|
|Ethics Exam||Exam on the laws, regulations and code of ethical conduct in effect in the state of New Jersey.|
Candidates can view a list of upcoming NJCPA Law & Ethics courses to help them prepare for the exam on laws, regulations and code of ethical conduct effective in New Jersey.Source: The American Institute of CPAs
CPA exam fees in New Jersey
- Application Fee $225
- 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, and varies depending on the number of sections an individual is taking. The registration fee for all four sections is $115, for three sections is $100, for two sections is $85, for one section is $70.
Schools Ranked by CPA Pass Rates, 2014
|Rank||Logo||School Name||Candidates||Pass Rate||Average Score|
|1||Brookdale Community College||10||64%||75|
|3||Ocean County College||10||58.3%||72.8|
|4||College Of New Jersey||96||53.6%||74.4|
|5||Beth Medrash Govoha||24||52.7%||73.7|
|6||Thomas Edison State College||38||50.6%||73.7|
|7||Fairleigh Dickinson University||147||48.5%||71.6|
|8||Seton Hall University||108||48%||72|
|9||Richard Stockton College of New Jersey||58||47.4%||70.4|
|10||Rutgers University - New Brunswick||207||46.8%||70.5|
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 New Jersey State Board of Accountancy is a discipline of the New Jersey Division of Consumer Affairs that promotes the reliability of information concerning financial guidance. The Board does this by regulating the qualifications and professional conduct of accountants and auditors.
Although the Board is able to verify licenses, the National Association of State Boards of Accountancy (NASBA) is the body that actually administers the Uniform CPA Exam for New Jersey. Future and current CPAs are able to join the New Jersey Society of CPAs, which offers aspiring CPAs preparation help for the CPA Exam, scholarships, career events, networking and provides current CPAs with career advancement tools
New Jersey State Board of Accountancy
124 Halsey Street, 6th Floor
Newark, NJ 07101