Positioned between New York and Boston, Connecticut sits at the heart of one of the most profitable business corridors in the world. The state may be small, but its economy isn't, boasting the 23rd-highest GDP in the country and representing major Fortune 500 companies like Aetna and Xerox. The Nutmeg State is also home to more than 650 CPA firms, including offices for each of the “Big Four” international accounting firms — Deloitte & Touche, KPMG, PricewaterhouseCoopers, and Ernst & Young. Most of the state's more than 15,000 accountants and auditors work at CPA firms, financial services agencies, and insurance companies. Accounting jobs in Connecticut are expected to grow slightly slower than the rest of the country through 2026, but accountants in the state earn an above average annual mean wage of $82,040.

Connecticut at a glance

Population 3,588,184
Per Capita Income $39,373
Unemployment Rate 4.2%
Fortune 500 Companies 15
Licensed CPA Firms 655

Accounting Programs in Connecticut

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

Accounting Salaries and Employment

The BLS expects Connecticut to add CPAs at the rate of 11.4% between 2012 and 2022, increasing the number of licensed CPAs in the state by about 2,000. Connecticut accountants and auditors outearn the national average by more than $3,100 per year with a mean income of $77,000.

Two of the five largest accounting firms in the state are major regional players; the firms, Blum Shapiro and Cohn Reznik, employ more than 200 state CPAs. As a result, of a 2009 merger with NCNP Connecticut's own Blum Shapiro became one of the 100 largest accounting and auditing firms in the country.

Projected Job Growth for Accountants

14,490 Employees2016
20,110 Employees2026
Connecticut 27.9% increase
1,397,700 Employees2016
1,537,600 Employees2026
United States 9.1% increase
Source: Bureau of Labor Statistics OES - State Employment Survey

Accounting Salaries by Specialty

Connecticut Avg. Annual Wage United States Avg. Annual Wage

Associate Degree Recommended

Bookkeeping and Auditing Clerks

\ $46,570

Payroll Clerks

\ $51,110

Credit Counselors

\ $55,170

Bachelor's Degree Recommended

Cost Estimators

\ $74,830

Tax Examiners and Collectors

\ $83,920

Master's Degree Recommended

Accountants and Auditors

\ $82,040

Budget Analysts

\ $83,320

Personal Financial Advisors

\ $137,120

Financial Managers

\ $159,970
Source: BLS OES - Industry Profile

Top-paying cities for accountants

  1. Bridgeport-Stamford-Norwalk
  2. Danbury
  3. Hartford-West Hartford-East Hartford
  4. New Haven
  5. Norwich-New London-Westerly
Source: Bureau of Labor Statistics OES - State Employment Survey

Major firms headquartered in Connecticut

Count Firm Location 2014 Revenue (in millions)
1 BlumShapiro West Hartford, CT $72
2 Whittlesey & Hadley Hartford, CT $22

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 and Regional Leaders"

Becoming a certified public accountant (CPA) in Connecticut

As in all states, aspiring accountants in Connecticut must sit for and pass the Uniform CPA Exam administered by the National Association of State Boards of Accountancy (NASBA). Candidates must also meet the other requirements delineated by the NASBA and the Connecticut State Board of Accountancy.

Since not all CPA candidates pass the Uniform CPA Exam in its entirety on their first attempt, the state of Connecticut allows applicants to retake portions of the test within 18 months of their initial attempt. Currently licensed CPAs who wish to maintain their licenses must meet the state's continuing professional education (CPE) requirements annually.

Eligibility for CPA Licensure in Connecticut

To qualify for the right to sit for the Uniform CPA Exam prospects must meet the following minimum standards:

  • 150 hours of post-secondary education, including 36 hours of accounting-specific coursework
  • Posses a minimum of a bachelor's degree
  • Two years of work experience verified by an active license CPA
  • Attain 18 years of age

Connecticut allows CPAs who have been licensed by other states to transfer their active license to Connecticut regardless of whether they meet the state's current licensure requirements. CPA candidate in Connecticut must also take and pass the AICPA Ethics Examination before a license can be issued.

Age Requirement N/A
Citizenship Requirement No
Residency Requirement No
Social Security # Requirement Yes
Education Requirement for Licensure Bachelor's degree (150 hours)
Participates in International Programs Yes
Hours in Accounting 24 semester hours
Exam Sitting Requirements 120 hours
Experience Requirements 2 years of accounting experience
Ethics Exam AICPA Ethics Exam

CPA candidates who were educated outside of the United States must have the credential verified by a member of NACES (National Association of Credential Evaluation Services).

Source: The American Institute of CPAs

CPA exam fees in Connecticut

  • Application Fee $135
  • Auditing & Attestation $208
  • Financial Accounting & Reporting $208
  • Regulation $208
  • Business Environment & Concepts $208

CPA Candidates who did not pass all four parts of the Uniform CPA Exam on their first attempt may apply to re-take one or more sections again. A re-examination fee is required with application.

Source: Connecticut State Board of Accountancy

Certifying and Professional Organizations

CPA licensing in Connecticut is administered by the State Board of Accountancy which resides within the Connecticut Secretary of State's office. The state board is responsible for issuance of new licenses, renewals and inter-state transfers. License requirements and accountancy rules and regulations may be found on the State Board of Accountancy website. The board does not provide or administer any of the testing required for licensing. Test administration is done by the AICPA and the NASBA.

The Connecticut Society of Certified Public Accountants (CTCPA) is the primary professional membership organization for CPAs in the state. Membership is voluntary and benefits include continuing professional education opportunities and professional advocacy support.

Connecticut Board of Accountancy


30 Trinity Street
Hartford, CT 06106

Phone Number

(860) 509-6179

Connecticut Society of CPAs


716 Brook Street Ste. 100
Rocky Hill, CT 06067

Phone Number