Introduction

Over 815 licensed CPA firms service the nearly 4 million residents of the state of Oklahoma. In fact, Oklahoma has one of the fastest growing economies in the U.S., with top per capita income growth (now at $39,006) and gross domestic product growth (at $147.5 billion in 2010). A labor force of 1.7 million work in industries such as aviation, energy, electronics, food processing, transportation equipment and telecommunications. Oklahoma is also responsible for a great deal of natural gas, crude oil and wheat production.

Naturally, four Fortune 500 companies and six Fortune 1000 companies are headquartered in Oklahoma, along with all of the “Big Four” international CPA firms (Deloitte & Touche, KPMG, PricewaterhouseCoopers and Ernst & Young) that maintain offices in the state. Accountants will find major opportunities working in Oklahoma as the state continues to be a leader in the field of energy.

Oklahoma at a glance

Population 3,878,051
Per Capita Income $39,006
Unemployment Rate 23.9%
Fortune 500 Companies 4
Licensed CPA Firms 815

Accounting Programs in Oklahoma

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

Accounting Salaries and Employment

Oklahoma accountants and auditors can anticipate a 13.8% rise in employment between 2012 and 2022, leading to the creation of over 18,000 new positions. This growth rate is very close to that of the national averages; job opportunities will become available in such top-paying cities as Toledo, Dayton, the Cleveland-Elyria-Mentor area, Akron and Cincinnati. Oklahoman accountants can also look forward to earning an average annual wage ranging between $33,460and $97,810 in the state’s current economy.

Projected Job Growth for Accountants

16,420 Employees2012
18,700 Employees2022
Oklahoma 12.2% increase
1,275,400 Employees2012
1,442,200 Employees2022
United States 11.6% increase
Source: U.S. Department of Labor

Accounting Salaries by Specialty

Oklahoma Avg. Annual Wage United States Avg. Annual Wage

Associate Degree Recommended

Bookkeeping and Auditing Clerks

\ $33,460
$37,250

Payroll Clerks

\ $36,300
$39,850

Credit Counselors

\ $40,980
$44,960

Bachelor's Degree Recommended

Cost Estimators

\ $57,220
$63,660

Tax Examiners and Collectors

\ $50,060
$56,120

Master's Degree Recommended

Accountants and Auditors

\ $63,720
$72,500

Budget Analysts

\ $61,720
$72,560

Personal Financial Advisors

\ $68,850
$99,920

Actuaries

\ $90,010
$107,740

Financial Managers

\ $97,810
$126,660
Source: BLS OES

Top-paying cities for accountants

  1. Toledo, OH
    $75,530
  2. Dayton, OH
    $72,850
  3. Cleveland-Elyria-Mentor, OH
    $69,480
  4. Akron, OH
    $69,400
  5. Cincinnati-Middletown, OH-KY-IN
    $69,170
Source: OES Data Tool

Becoming a certified public accountant (CPA) in Oklahoma

Oklahoma residents interested in sitting for the uniform CPA exam prepared by AICPA must meet the requirements listed below. In addition to initial certification, Oklahoma supports the transfer of grades policy as well as reciprocal licensure. The list of schools ranked by CPA Exam pass rates below show a number of colleges and universities in the state with top CPA Exam passing rates.

Candidates who are not successful in their first attempt to pass all four sections of the exam within the designated 18 month period may apply to take the exam again; a fairly common practice. The passing rates ranked below include scores of first-time exam takers as well as those returning to test again.

Eligibility for CPA Licensure in Oklahoma

To qualify for CPA licensure in Oklahoma, candidates must meet the eligibility requirements outlined below:

  • Be a resident of the state of Oklahoma
  • Fulfill the 150 hour educational requirement
  • Participate in international programs
  • Complete at least 30 semester hours in accounting courses
  • Complete 1 year of experience in the accounting industry
  • Take and pass AICPA Professional Ethics Exam for initial licensure
Age RequirementNone
Citizenship RequirementNo
Residency RequirementYes
Social Security # RequirementYes
Education Requirement for Licensure150 hours (including bachelor's degree)
Participates in International ProgramsYes
Hours in Accounting30 semester hours or equivalent quarter hours in accounting courses above principles of accounting or introductory accounting (1 course is to be in auditing or assurance)
Exam Sitting Requirements150 hours (must complete education requirement prior to sitting for exam)
Experience Requirements1 year public accounting experience gained through employment in government, industry, academia or public practice.
Ethics ExamMust pass AICPA Professional Ethics Exam for initial licensure

Students can view a “How to Apply for the Exam” presentation here and refer to the eligibility checklist to ensure they are fully prepared to apply.

Source: The American Institute of CPAs

CPA exam fees in Oklahoma

Total:$780
  • Application Fee $50
  • Auditing & Attestation $192
  • Financial Accounting & Reporting $192
  • Regulation $173
  • Business Environment & Concepts $173

Special Fees: $50 application fee for each section of the exam being registered for applies unless a student is applying to take all four sections. Students must sit for at least one section every 18 months to remain an active candidate.

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 Oklahoma Accountancy Board is responsible for licensing, continuing professional education, peer reviews and administering the the CPA exam throughout the state. Once certified, or those who are trying to become certified can join the Oklahoma Society of CPAs – a statewide professional organization dedicated to elevating the professional competence of CPAs in the state, maintaining high ethical standards and promoting a positive public image for its members.

Oklahoma Accountancy Board

Address

201 N.W. 63rd Street Suite 210
Oklahoma City, OK 73116

Phone Number

(405) 521-2397

Oklahoma Society of CPAs

Address

1900 NW Expressway Suite 910
Oklahoma City, OK 73118-1898

Phone Number

(405) 841-3800

Email

lholder@oscpa.com