Introduction

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

Population 8,938,175
Per Capita Income $53,628
Unemployment Rate 6.5%
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.

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

37,560 Employees2012
40,730 Employees2022
New Jersey 7.8% increase
1,275,400 Employees2012
1,442,200 Employees2022
United States 11.6% increase
Source: U.S. Department of Labor

Accounting Salaries by Specialty

New Jersey Avg. Annual Wage United States Avg. Annual Wage

Associate Degree Recommended

Bookkeeping and Auditing Clerks

\ $43,370
$37,250

Payroll Clerks

\ $46,080
$39,850

Credit Counselors

\ $56,950
$44,960

Bachelor's Degree Recommended

Cost Estimators

\ $75,460
$63,660

Tax Examiners and Collectors

\ $75,690
$56,120

Master's Degree Recommended

Accountants and Auditors

\ $84,160
$72,500

Budget Analysts

\ $78,630
$72,560

Personal Financial Advisors

\ $113,760
$99,920

Actuaries

\ $107,320
$107,740

Financial Managers

\ $154,130
$126,660
Source: BLS OES

Top-paying cities for accountants

  1. Camden, NJ
    $84,620
  2. Edison-New Brunswick, NJ
    $84,120
  3. Newark-Union, NJ-PA
    $83,750
  4. Trenton-Ewing, NJ
    $81,540
  5. Vineland-Millville-Bridgeton, NJ
    $73,300
Source: OES Data Tool

Major firms headquartered in New Jersey

Count Firm Location 2014 Revenue (in millions)
1Rothstein KassRoseland, NJ$202
2WithumSmith+BrownPrinceton, NJ$96
3Wiss & Co.Livingston, NJ$33
4Untracht EarlyFlorham 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
Age Requirement18
Citizenship RequirementNo
Residency RequirementNo
Social Security # RequirementYes
Education Requirement for Licensure150 hours (including bachelor's degree)
Participates in International ProgramsNo
Hours in Accounting150 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 RequirementsAs 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 Requirements1 year experience in the practice of public accountancy. The experience includes intensive and diversified experience in accounting or auditing.
Ethics ExamExam 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

Total:$953
  • Application Fee $225
  • Auditing & Attestation $192
  • Financial Accounting & Reporting $192
  • Regulation $172
  • Business Environment & Concepts $172

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

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 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

Address

124 Halsey Street, 6th Floor
Newark, NJ 07101

New Jersey Society of CPAs

Address

425 Eagle Rock Avenue Suite 100
Roseland, NJ 07068

Phone Number

(973) 226-4494 x209

Email

jamatucci@njscpa.org