Introduction

With a diverse economy encompassing banking, insurance, technology, manufacturing, and research and development, Ohio is a center of industry and commerce in the Midwest, with a $625.7 billion GDP that ranks seventh in the nation. Manufacturing accounts for the largest portion of the state’s economy, and this sizeable industry has helped the Ohio recover from the recession, leading to a recovery growth rate higher than the national average. Twenty-five Fortune 500 companies are headquartered in Ohio, including Kroger, Proctor & Gamble, Nationwide, and Macy’s, and all the “Big Four” international CPA firms have offices in the state. Growth for accounting jobs is expected to be slightly lower than average through 2024, but a strong economy that employs almost 43,000 accountants and auditors makes Ohio a desirable state for CPAs and other financial professionals.

Ohio at a glance

Population 11,610,000
Per Capita Income $26,937
Unemployment Rate 5.2%
Fortune 500 Companies 25
Licensed CPA Firms 1,831

Accounting Programs in Ohio

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

Accounting Salaries and Employment

Accountants and auditors in the state of Ohio can expect to see a 8% increase in employment opportunities by 2022, that’s compared to an average national growth rate of just over 13%. Potential employers include SS&G which grossed $90.00 million in 2014, and Clark, Schaefer, Hackett & Co. which generated $52.33 million in revenue last year.

Ohio firms will employ close to 44,000 additional accountants over the next seven years. Ohioans can expect to earn anywhere between $37,250 and $113,810 working in various accounting services in the state, with wages contingent upon education level, licensure status and area of speciality.

Projected Job Growth for Accountants

40,290 Employees2012
43,820 Employees2022
Ohio 8.1% increase
1,275,400 Employees2012
1,442,200 Employees2022
United States 11.6% increase
Source: Bureau of Labor Statistics OES - State Employment Survey

Accounting Salaries by Specialty

Ohio Avg. Annual Wage United States Avg. Annual Wage

Associate Degree Recommended

Bookkeeping and Auditing Clerks

\ $37,250
$37,250

Payroll Clerks

\ $39,500
$39,850

Credit Counselors

\ $43,550
$44,960

Bachelor's Degree Recommended

Cost Estimators

\ $57,760
$63,660

Tax Examiners and Collectors

\ $59,560
$56,120

Master's Degree Recommended

Accountants and Auditors

\ $68,360
$72,500

Budget Analysts

\ $70,940
$72,560

Personal Financial Advisors

\ $87,520
$99,920

Actuaries

\ $99,320
$107,740

Financial Managers

\ $113,810
$126,660
Source: BLS OES - Industry Profile

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: Bureau of Labor Statistics OES - State Employment Survey

Major firms headquartered in Ohio

Count Firm Location 2014 Revenue (in millions)
1Clark, Schaefer, Hackett & Co.Cincinnati, OH$63
2Hill, Barth & KingBoardma, OH$60
3Skoda Minotti & Co.Mayfield Village, OH$50
4Cohen & Co.Cleveland, OH$47
5Rea & Associates NewNew Philadelphia, OH$35

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 Ohio

Potential CPAs of Ohio sit for the uniform CPA exam administered by NASBA and must meet the eligibility requirements listed below. Various colleges and universities in the state have accounting programs with top passing rates. The schools ranked by CPA passing rates below include both first time testers and candidates returning to attempt the exam again, as is common for many students.

Ohio offers a course evaluation worksheet to help students determine if they meet the educational requirements before applying for the exam. Ohio recognizes CPA mobility legislation as well as obtaining a license by transfer.

Eligibility for CPA Licensure in Ohio

In order to be eligible to sit for the Uniform CPA Exam in Ohio, candidates must fulfill the qualifications below:

  • Be at least 18 years of age
  • Be a resident of the state of Ohio
  • Fulfill the 150 hour educational requirement
  • Participate in international programs
  • Complete 30 semester hours in accounting
  • Complete 24 semester hours in business
  • Complete 1 year of experience working in accounting
  • Complete the Ohio Board of Accountancy course on basic professional standards and responsibilities
Age Requirement18
Citizenship RequirementNo
Residency RequirementYes
Social Security # RequirementYes
Education Requirement for Licensure150 hours (including bachelor's)
Participates in International ProgramsYes
Hours in Accounting30 semester hours or equivalent quarter hours in accounting
Exam Sitting Requirements150 hours (must complete education requirement prior to sitting for exam)
Experience Requirements1 year experience in public accounting: 150 hours or sat for the exam prior to 2000. 2 years public accounting experience: Sat for exam with less than 150 hours but obtained 150 hours prior to certification. The public accounting experience is gained through employment in government, business or academia.
Ethics ExamOhio Board of Accountancy course on basic professional standards and responsibilities.

A tutorial covering the computer-based CPA exam may be found on the AICPA CPA Exam website.

Source: The American Institute of CPAs

CPA exam fees in Ohio

Total:$1,002
  • Application Fee $170
  • Auditing & Attestation $208
  • Financial Accounting & Reporting $208
  • Regulation $208
  • Business Environment & Concepts $208

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 $130, for three sections is $110, for two sections is $90, for one section is $70.

Certifying and Professional Organizations

The Accountancy Board of Ohio regulates licensure, CPA firm peer reviews and continuing professional education requirements. It also handles complaints and cooperates with the National Association of State Boards of Accountancy, which administers the uniform CPA exam for candidates in Ohio.

The Ohio Society of CPAs is an organization dedicated to the interests of current and future Ohio CPAs by providing continuing education programs, advocacy, discounts on services and by promoting student interest in the field and promoting CPA credentials.

Accountancy Board of Ohio

Address

77 South High Street 18th Floor
Columbus, OH 43215

Phone Number

(614) 995-0192

Ohio Society of CPAs

Address

535 Metro Place South
Dublin, OH 43017

Phone Number

(614) 764-2727

Email

[email protected]