Accounting Degree Overview for Wisconsin

Wisconsin is known as the United States’ leading producer of dairy products. The state also fosters successful industries in aerospace, water technology, and manufacturing. Each of these top industries requires skilled accounting professionals to ensure tax compliance, estimate costs, and handle financial reporting.

Prospective students looking to earn accounting degrees in Wisconsin can choose from 84 schools, including public and private institutions. Many of these schools offer online learning opportunities to serve the needs of remote learners and full-time workers.

Popular accounting careers in Wisconsin include accountants, auditors, bookkeepers, and personal financial advisors. According to the U.S. Bureau of Labor Statistics, Wisconsin accountants earn an average annual salary of $71,260. 

The following guide explores the various education and career options available for aspiring accounting professionals in Wisconsin. Areas of discussion include degree levels, college financing options, and employment projections.

• Wisconsin Education Statistics
• Accounting Careers in Wisconsin

Wisconsin at a Glance

Top Wisconsin Schools for Accounting

• University of Wisconsin-Madison
• Marquette University
• Cardinal Stritch University
• University of Wisconsin-La Crosse
• Saint Norbert College
• Wisconsin Lutheran College
• Edgewood College
• University of Wisconsin-Eau Claire
• Carthage College
• Marian University

Why Go to College for Accounting in Wisconsin?

Wisconsin’s colleges and universities offer excellent education options for both recent high school graduates and working professionals. The city of Milwaukee features the state’s largest concentration of schools, but students across Wisconsin can access high-quality, two- and four-year programs, either on campus or online. 

During the 2018 school year, 336,409 students enrolled in a degree-granting institution in Wisconsin, according to the National Center for Education Statistics. The state boasts a graduation rate of 68% — the eighth-highest in the nation — based on the outcomes of those who enrolled in 2013. 

Compared to the national average, Wisconsin’s four-year universities offer lower tuition rates to both in-state and out-of-state students. Online learners may save additional money by avoiding campus-based costs including room, board, and facility fees. A longstanding reciprocity agreement allows qualified Minnesota residents to pay in-state tuition rates when attending public institutions in Wisconsin.

Students who plan to live and work in Wisconsin after graduation especially benefit from pursuing their degree at a Wisconsin school. Motivated Wisconsin students can access relevant networking opportunities and local internships while still enrolled, laying the groundwork for a successful job search upon graduation.

Education Statistics for Wisconsin

The following table provides a look at the higher education environment in Wisconsin by displaying and comparing state statistics to their national counterparts. Available data includes the number of colleges in operation, distance education enrollment, educational attainment of residents over 25 years of age, and allocation of state funding and taxes.

The data reveals that Wisconsin residents attend and complete college programs at a rate that matches or exceeds the national average, with the exception of graduate school.

Higher Education in Wisconsin

Accreditation for Wisconsin Schools

Accreditation offers a form of quality assurance, guaranteeing that an institution meets certain minimum standards of academic rigor, faculty qualifications, financial soundness, and student services. Attending an accredited school is important to ensure your education is worth the cost of tuition and accepted by future employers.

The oldest and most prestigious form of accreditation, known as regional accreditation, applies to public, state schools and nonprofit institutions. Vocational and for-profit schools often pursue national accreditation instead. The Higher Learning Commission, founded in 1895, serves as the regional accreditation body for Wisconsin and other north central U.S. states.

When evaluating on-campus or online accounting degrees in Wisconsin, look for schools with accreditation from the HLC or another accrediting body recognized by the Council for Higher Education and/or the U.S. Department of Education. Some accounting programs hold additional programmatic accreditation from the Association to Advance Collegiate Schools of Business.

Considerations for an Accounting Degree in Wisconsin

Most colleges and universities offer one or more programs in accounting. With so many options on the table, some students struggle to determine which school best fits their needs.

Depending on your career aspirations, attending a private, four-year university in Wisconsin — with an average tuition cost of $33,156 — may not be practical. Similarly, you may find greater value in earning an associate degree at a two-year college before transferring to complete a bachelor’s degree.

Degree level, concentration availability, program format, and financing options are among the many important factors prospective college students should take into consideration. Read more about each of these school selection criteria below.

Accounting Degree Levels

The degree level you plan to pursue may impact your school decision based on availability. For example, larger universities tend to offer more graduate options than smaller colleges.

Accounting Concentration Options

College accounting programs offer a number of concentration options to help students develop career-specific knowledge and skills. Wisconsin learners often pursue auditing and public accounting concentrations. According to the BLS, over 22,000 accountants and auditors currently work in Wisconsin. The BLS projects job growth of 5.8% for these two fields from 2019-2029.

Learn more about these two concentrations in the table below, including careers you can prepare for and typical competencies gained through coursework.

Explore More Accounting Concentrations

On-Campus Versus Online Program Options

Distance learning continues to increase in popularity as colleges and universities aim to accommodate students’ diverse schedules and living situations. You may decide to study on campus, online, or through a hybrid model.

On-Campus 

Perfect for the student seeking community immersion, on-campus programs offer a traditional, residential experience where you live, learn, dine, and socialize on site. Benefits of this learning format include face-to-face interaction with instructors and peers, easy access to campus-based resources, and the opportunity to make lifelong memories in a unique setting.

Online Programs

Online accounting degrees in Wisconsin provide the same instruction as their on-campus counterparts, but students enjoy greater flexibility in scheduling and attendance.

Students can access their online courses from anywhere in the world with an internet connection, making web-based learning ideal for working professionals, students caring for family members, and those who live far from campus. Online courses may or may not require students to login at set times for virtual class meetings.

Hybrid Programs

Hybrid programs combine elements of on-campus and online learning, allowing students to complete most of their coursework and assignments at a distance. Unlike fully online programs, hybrid models require attendance at periodic on-campus sessions. This format serves students who want additional flexibility without sacrificing all face-to-face instruction.

Percentage of Students Enrolled in Distance Education

Paying for Your Accounting Degree

Depending on your degree level, institution, and resident status, the best accounting schools in Wisconsin can cost anywhere from $4,337-$33,156 a year in tuition alone. Students can take advantage of several options to help cover the cost.

All students should seek out scholarship, grant, and fellowship opportunities, which provide financial support with no repayment requirements. Government and private loans require repayment; interest rates vary. 

Make sure to fill out the FAFSA, work closely with your school’s financial aid office, and check out the links below to learn more about how you can save on the cost of your education.

• Learn More About Financial Aid Options
• Learn More About and Explore Accounting Scholarships

Average Cost of College Tuition and Fees in Wisconsin, 2017-2018

In-State Versus Out-of-State Tuition

Compared to in-state learners, out-of-state students in Wisconsin pay an average of $1,920 more in tuition to attend a two-year public institution and an average of $15,025 more to attend a public four-year institution.

Why does out-of-state tuition cost so much more? Public colleges operate with government funds, including state taxes paid by residents. Out-of-state tuition simply aims to make up for the lack of taxes paid by nonresident students and their families to help fund the schools’ operating costs.

Fortunately, avenues exist for nonresidents to lower their out-of-pocket costs. Residents of Illinois, Indiana, Kansas, Missouri, Nebraska, North Dakota, and Ohio may save $500-$5,000 on tuition by participating in the Midwest Student Exchange Program. Qualified Minnesota residents can pay in-state tuition rates thanks to a reciprocity agreement between the two states.

Wisconsin’s Cost of Living

The cost of higher education includes much more than just tuition and books. Students must also budget for basic expenses like housing, groceries, transportation, and utilities.

Compared to the U.S. average (represented by a score of 100) Wisconsin’s cost of living index score is 97.3. State residents save the most money on housing, which scores 91.4. Groceries cost a bit more than the national average, scoring 100.7. Wisconsin utilities and transportation score 98.9 and 98.1, respectively.

Other School Selection Criteria

Everyone brings their own unique priorities and preferences to a college search. Beyond tuition costs, program formatting, and degree level, prospective college students should consider evaluating schools and programs based on factors such as:

Careers for Accounting Graduates in Wisconsin

In the state economy rankings compiled by U.S. News & World Report, Wisconsin sits in the middle at number 24. Factors involved in the rankings include state GDP, new business growth, and rates of unemployment and labor force participation. Wisconsin’s overall employment scores fairly low in comparison to similarly ranked states, but it receives a boost from a growing business environment and population.

The establishment of new businesses indicates good news for accounting professionals. U.S. Department of Labor data projects a significant 5.8% job growth rate for Wisconsin-based accountants and auditors from 2018-2028. Personal financial advisors in the state may see a 9.2% job growth in the same time frame.

Major Wisconsin industries including agriculture, advanced manufacturing, healthcare, and information technology need skilled accounting professionals. Accountants prepare financial reports, calculate taxes, and provide analysis to improve profit margins.

Select Accounting Careers in Wisconsin

Wisconsin Employment Trends

Projected Job Growth for Accountants

Curious about other accounting jobs? Explore more here

College graduates can pursue several rewarding accounting careers in Wisconsin. The state’s most popular accounting careers — ranked by number of employees — include bookkeeping and auditing clerks, accountants and auditors, financial managers, and personal financial advisors. 

At the associate degree level, credit counselors and payroll clerks earn the most, but limited employment opportunities make these two careers potentially difficult to break into. A bachelor’s degree prepares graduates to work as non-CPA accountants, cost estimators, or tax examiners/collectors. 

Students who plan to live and work in Wisconsin may consider earning a master’s degree. According to BLS data, Wisconsin-based personal financial advisors and financial managers can earn up to six figures in these two advanced fields. Master’s degree-holders can also pursue CPA certification in Wisconsin. The following section offers more details.

Wisconsin Requirements for Certified Public Accountants

In the U.S., each state governs its own requirements for CPA certification. Candidates must meet different guidelines in order to practice in different states. In Wisconsin, professionals must satisfy the following in order to sit for the CPA exam and obtain their license:

To maintain certification, Wisconsin CPAs must complete a minimum of 80 hours of continuing education during every two-year renewal period.

• Learn more about the CPA Exam
• Learn more about having a career as a CPA

Resources

Frequently Asked Questions