Indiana’s thriving business landscape creates strong demand for skilled accounting professionals. From manufacturing giants in Fort Wayne to healthcare systems in Indianapolis, the Hoosier State offers diverse opportunities for accountants and CPAs. This comprehensive guide covers everything you need to know about becoming an accountant in Indiana, including education requirements, licensing steps, salary expectations, and career paths.
Whether you’re starting your accounting journey or advancing your career, Indiana provides numerous pathways to success. The state’s 24,570 employed accountants earn competitive salaries while serving industries ranging from agriculture to technology startups.
Quick Facts About Accounting in Indiana
Indiana Accounting Degree Programs
Indiana offers multiple educational pathways to enter the accounting profession. Your choice depends on your career goals, whether you aim to become a bookkeeper, accountant, or CPA.
Types of Accounting Degrees
Associate Degree in Accounting (2 years)
An associate degree provides entry-level preparation for bookkeeping and accounting clerk positions. This pathway works well for those seeking quick entry into the workforce or planning to transfer to a four-year program.
Bachelor’s Degree in Accounting (4 years)
A bachelor’s degree remains the standard requirement for most accounting positions. Indiana’s programs typically include 120 credit hours covering financial accounting, taxation, auditing, and business law. Many students complete internships with local firms during their studies.
Master’s Degree in Accounting (1-2 years)
A master’s in accounting helps meet the 150-hour requirement for CPA licensure while providing advanced knowledge in specialized areas like forensic accounting or taxation. Indiana universities offer both traditional and online accounting degree options.
Accounting Certificates
Professional certificates offer focused training in areas like QuickBooks, tax preparation, or payroll processing. These programs typically require 15-30 credit hours and can enhance your resume or help career changers enter the field.
Top Accredited Accounting Schools in Indiana
Choosing an accredited program ensures your education meets industry standards and CPA licensing requirements. Look for programs with AACSB (Association to Advance Collegiate Schools of Business) accreditation for the highest quality assurance.
Leading Indiana Accounting Programs
Each institution offers unique advantages. Urban campuses like IUPUI provide networking opportunities with Indianapolis businesses, while programs at regional universities often feature lower tuition rates and strong local employer connections.
Indiana CPA Requirements
Becoming a Certified Public Accountant in Indiana requires meeting specific education, examination, and experience requirements set by the Indiana Board of Accountancy.
Education Requirements
Indiana requires 150 semester hours of college education, including:
- Bachelor’s degree from an accredited institution
- 24 semester hours in accounting courses above the introductory level
- 24 semester hours in business administration courses
- Specific coursework in auditing, taxation, financial accounting, and management accounting
The 150-hour requirement typically means earning 30 credits beyond a bachelor’s degree. Many candidates fulfill this through a master’s program or additional undergraduate coursework.
CPA Exam Process
The Uniform CPA Examination consists of four sections:
- Auditing and Attestation (AUD): 4 hours
- Business Environment and Concepts (BEC): 4 hours
- Financial Accounting and Reporting (FAR): 4 hours
- Regulation (REG): 4 hours
Indiana candidates must pass all four sections within an 18-month rolling period. The state allows unlimited exam attempts, though fees apply for each sitting.
Experience Requirements
Indiana requires two years of accounting experience under the supervision of a licensed CPA. Acceptable experience includes:
- Public accounting (audit, tax, consulting)
- Industry accounting (corporate, nonprofit, government)
- Teaching accounting at the college level (limited to one year)
Part-time experience counts proportionally, allowing flexibility for working professionals pursuing licensure.
How to Become an Accountant in Indiana Without CPA License
Not all accounting careers require CPA licensure. Indiana offers numerous opportunities for accounting professionals without the CPA credential:
Entry-Level Positions
- Bookkeeper: Maintain financial records for small businesses
- Accounting Clerk: Process invoices, payroll, and basic transactions
- Junior Accountant: Prepare financial statements and assist with audits
- Tax Preparer: Complete individual and business tax returns
Advanced Non-CPA Roles
- Cost Accountant: Analyze manufacturing and operational costs
- Budget Analyst: Develop and monitor organizational budgets
- Internal Auditor: Review company procedures and controls
- Financial Analyst: Evaluate investment opportunities and financial performance
These positions typically require a bachelor’s degree in accounting or finance. Professional certifications like the Certified Management Accountant (CMA) or Enrolled Agent (EA) can enhance career prospects without pursuing CPA licensure.
Indiana Accounting Salary Guide
Accounting salaries in Indiana vary by location, experience, and specialization. The state’s lower cost of living compared to coastal markets means competitive purchasing power for accounting professionals.
Statewide Salary Data
Salary by Metropolitan Area
Indianapolis offers the highest salaries and most opportunities, reflecting its status as the state’s business hub. However, smaller cities often provide better quality of life with lower housing costs and shorter commutes.
Industry-Specific Opportunities
Indiana’s diverse economy creates specialized accounting roles:
- Manufacturing: Cost accounting and inventory management positions with companies like Cummins and Eli Lilly
- Healthcare: Revenue cycle and compliance roles with major hospital systems
- Agriculture: Agribusiness accounting supporting Indiana’s farming sector
- Technology: Financial planning positions with growing tech startups in Indianapolis
May 2024 Bureau of Labor Statistics salary data for Accountants and Auditors reflect state and national data, not school-specific information. Conditions in your area may vary. Data accessed June 2025.
Career Advancement and Professional Development
Indiana’s accounting professionals benefit from strong professional networks and continuing education opportunities:
Professional Organizations
- Indiana CPA Society: Offers networking events, CPE courses, and career resources
- Indianapolis Chapter of IMA: Supports management accountants with certification prep and professional development
- Indiana Association of Public Accountants: Serves non-CPA practitioners
Continuing Education Requirements
Indiana CPAs must complete 120 hours of continuing professional education (CPE) every three years, including:
- Minimum 20 hours annually
- 4 hours of professional ethics every three years
- Courses in accounting, auditing, taxation, or related subjects
Specialization Opportunities
Consider pursuing specialized certifications to advance your career:
- Certified Management Accountant (CMA): For corporate accounting roles
- Certified Internal Auditor (CIA): For internal audit positions
- Certified Fraud Examiner (CFE): For forensic accounting careers
- Enrolled Agent (EA): For tax practice specialization
Online vs. Traditional Accounting Programs in Indiana
Indiana students can choose between traditional campus-based and online accounting programs. Each format offers distinct advantages:
Traditional On-Campus Programs
Advantages:
- Face-to-face interaction with professors and peers
- Access to campus recruiting events
- Structured learning environment
- Networking opportunities with local firms
Best for: Recent high school graduates and traditional students seeking the full college experience
Online Accounting Programs
Advantages:
- Flexibility for working professionals
- Lower overall costs (no commuting or relocation)
- Access to programs outside your geographic area
- Self-paced learning options
Best for: Working adults, career changers, and students balancing multiple responsibilities
Many Indiana universities now offer hybrid programs combining online coursework with occasional campus visits, providing flexibility while maintaining some in-person connections.
Financial Aid and Scholarships for Indiana Accounting Students
Indiana offers various financial aid opportunities for accounting students:
State-Specific Programs
- Frank O’Bannon Grant: Need-based aid for Indiana residents
- 21st Century Scholarship: Covers up to four years of tuition for eligible students
- Next Generation Hoosier Educators Scholarship: For students planning to teach accounting
Professional Organization Scholarships
- Indiana CPA Society Educational Foundation: Multiple scholarships for accounting majors
- AICPA John L. Carey Scholarship: For liberal arts graduates pursuing accounting
- NABA Indianapolis Chapter Scholarships: Supporting diversity in accounting
Employer Tuition Assistance
Many Indiana employers offer tuition reimbursement programs:
- Big Four firms typically cover CPA exam fees and review courses
- Regional firms often provide partial tuition reimbursement
- Corporate employers may fund advanced degrees for high-performing employees
Frequently Asked Questions
How long does it take to become a CPA in Indiana?
Typically 5-6 years total: 4 years for a bachelor’s degree, 1 year for additional coursework to reach 150 credit hours, plus 2 years of required work experience. You can take the CPA exam after completing your education requirements.
What’s the average starting salary for accountants in Indiana?
Entry-level accountants in Indiana typically earn $45,000-$55,000 annually. Starting salaries are higher in Indianapolis and for those with CPA eligibility or advanced degrees.
Can I become a CPA with an online accounting degree?
Yes, if the program is properly accredited and meets Indiana’s 150-hour requirement with appropriate accounting and business coursework. The Indiana Board of Accountancy accepts degrees from regionally accredited institutions regardless of delivery format.
Is the CPA license transferable to other states?
Yes, through reciprocity agreements. Most states will accept an Indiana CPA license if you meet their specific requirements, which may include additional education or experience.
What’s the job outlook for accountants in Indiana?
The Bureau of Labor Statistics projects 4% growth for accountants and auditors through 2032. Indiana’s diverse economy and business-friendly environment support steady demand for accounting professionals.
Do I need to be good at math to become an accountant?
Basic math skills are sufficient for most accounting work. Modern accounting relies more on analytical thinking, attention to detail, and technology skills than advanced mathematics.
