2026 Most Affordable accounting Degree Programs Ranking in Minnesota

What can I expect from accounting degree in Minnesota?

The average cost of earning an accounting degree in Minnesota varies depending on the institution, but students often find a balance between quality and affordability. For example, graduates from universities such as the University of Minnesota report spending between $10, 000 and $15, 000 per year in tuition and fees, while those attending state community colleges may spend closer to $5, 000 annually. These costs typically cover instruction, access to AACSB-accredited programs, and resources essential for a rigorous accounting education.

Many students appreciate how Minnesota schools integrate practical experience through internships and cooperative education, which add value beyond tuition costs by enhancing career readiness. Graduates often express satisfaction with the investment, noting how their education prepared them for high-demand roles and helped meet CPA licensing requirements. The opportunity to pursue accelerated or hybrid programs further provides flexibility, letting students manage expenses while advancing their careers in real time.

Given Minnesota's steady job growth in accounting and competitive starting salaries, many find the cost an excellent investment toward long-term professional success.

Where can I work with accounting degree in Minnesota?

An accounting degree from Minnesota State University or the University of Minnesota offers graduates access to a wide range of career opportunities within the state. Many find rewarding positions at the Big Four accounting firms-Deloitte, PwC, EY, and KPMG-located in the Twin Cities, providing immersive experiences in auditing, tax, and consulting. Graduates often describe the excitement of working on high-impact projects for Fortune 500 companies headquartered locally, such as 3M and Target, which allows them to develop strong analytical and strategic skills in corporate finance and internal auditing.

Other common paths include roles in government agencies like Minnesota's Department of Revenue or Office of the State Auditor, where graduates appreciate contributing to public accountability and financial compliance. Healthcare organizations, led by institutions such as Mayo Clinic, employ accountants to manage complex budgeting and reporting tasks, which graduates find both challenging and meaningful. Nonprofits also offer fulfilling careers, particularly for those interested in financial stewardship of grants and donations.

Students from Minnesota's top colleges frequently share that hands-on internships with regional firms enable them to build confidence and establish professional networks that support their career advancement statewide.

How much can I make with accounting degree in Minnesota?

Graduates with an accounting degree in Minnesota can anticipate strong earning potential that aligns well with the state's robust job market. For instance, staff accountants in Minnesota earn a mean annual wage of about $90, 780, which offers an encouraging outlook for recent graduates seeking stable, well-paid positions. This figure reflects data from common roles filled by accounting graduates, including bookkeepers, tax preparers, and associate auditors, whose salaries average around $49, 580 annually.

Many graduates from universities such as the University of Minnesota or St. Thomas find that their starting salaries, often between $50, 000 and $60, 000, grow rapidly with experience and additional certifications like the CPA. These credentials frequently push salaries above $80, 000 after a few years on the job. The metropolitan Minneapolis-St. Paul area, where numerous corporate headquarters and firms are based, further accelerates earning prospects with senior roles offering $90, 000 to $110, 000 or more.

The positive feedback from peers emphasizes the rewarding nature of these positions both financially and professionally, encouraging new graduates to pursue further education and specialization within accounting fields.

How long does it take to complete accounting degree in Minnesota?

In Minnesota, completing an accounting degree typically requires a commitment of time that reflects the level of education pursued. Graduates from institutions like the University of Minnesota often emphasize the four-year full-time path needed to earn a bachelor's degree, a standard timeframe aligning with regional accreditation requirements. For those attending community colleges such as Century College, completing an associate degree usually takes about two years, providing a faster route into the workforce or a foundation for further study.

Many graduates share that pursuing a master's degree in accounting or related fields at schools such as St. Cloud State University takes an additional one to two years. This extended study equips students with advanced skills and meets the 150-semester-hour requirement mandated by the Minnesota Board of Accountancy for CPA licensure.

Part-time and online programs are popular among working professionals in Minnesota, allowing flexibility but often lengthening completion times. These varied pathways reflect diverse needs and ambitions, making the accounting degree journey in Minnesota both accessible and adaptable.

Professional Certifications and Licensure for Accountants in Minnesota

Minnesota accounting graduates often pursue professional credentials to enhance credibility, job prospects, and earning potential. The most sought-after certification is the Certified Public Accountant (CPA), governed by the Minnesota Board of Accountancy. To qualify, candidates must complete 150 semester credits—including 30 accounting and 24 business credits—pass the Uniform CPA Exam, and fulfill 1,800 hours of supervised experience. Many students finish these requirements within one to two years of graduation. Beyond the CPA, specialized credentials can further differentiate candidates: - Certified Management Accountant (CMA): Offered by the Institute of Management Accountants, this certification focuses on financial planning and analysis. Applicants need a bachelor’s degree, two years of relevant work experience, and must pass a two-part exam. - Certified Fraud Examiner (CFE): Awarded by the Association of Certified Fraud Examiners, the CFE validates expertise in fraud prevention, detection, and investigation. Requirements include an accredited degree, two years of professional experience, and a four-section examination. - Bookkeeping Certificates: For those seeking entry-level roles or skill validation, a bookkeeping certificate offers practical training in software like QuickBooks and Excel. To explore program length and curriculum details, see how long does it take to get a bookkeeping certification. Selecting the right certification depends on career goals: CPAs dominate public accounting and auditing, CMAs excel in corporate finance, and CFEs specialize in forensics. Early planning ensures a streamlined path from academic studies to licensure and professional success.

What's the difference between online and on-campus accounting degree?

On-campus accounting degree programs in Minnesota offer a structured learning environment where students attend classes at institutions like the University of Minnesota or Minnesota State University. Graduates often value the direct interaction with professors and peers, which fosters strong networking opportunities through campus organizations, career fairs, and internships. These experiences can enhance job placement prospects and provide a sense of community. Typically, in-state tuition for these programs ranges from $13, 000 to $15, 000 annually.

In contrast, online accounting degrees provide significant flexibility, ideal for working professionals or students managing family commitments. Accredited programs available through Minnesota schools allow learners to progress at their own pace, often with similar or slightly lower tuition costs between $12, 000 and $16, 000 per year. While online students rely heavily on digital platforms and may miss out on local networking events, many appreciate the convenience and autonomy the format offers.

Both pathways demand accreditation, such as from the AACSB, ensuring quality education and CPA exam eligibility. Students in Minnesota report comparable starting salaries near $55, 000, underscoring that success depends less on delivery format and more on individual dedication and fit with personal schedules.

CPA Exam and Licensing Requirements in Minnesota

Earning a Certified Public Accountant (CPA) license in Minnesota is a pivotal step for accounting graduates aiming to advance their careers. The Minnesota Board of Accountancy mandates the following: • Education: Completion of 150 semester-hour credits, including 30 hours in accounting topics (e.g., financial, managerial, tax, and auditing) and 24 hours in related business courses (e.g., finance, business law, economics). • Examination: Successful passage of all four sections of the Uniform CPA Exam—Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG)—within an 18-month rolling period. Candidates must achieve a minimum score of 75 on each section. • Ethics: Completion of an approved ethics course (at least 3 semester hours) or the AICPA’s Professional Ethics: The AICPA’s Comprehensive Course, with proof of passing an ethics exam. • Experience: One year (2,000 hours) of supervised accounting experience under a licensed CPA, encompassing audit, tax, management advisory, or consulting services. • Application: Submission of official transcripts, exam scores, ethics proof, and experience verification to the Minnesota Board of Accountancy, along with application fees and background checks. To maintain licensure, CPAs in Minnesota must complete 80 hours of Continuing Professional Education (CPE) every two years, including ethics credits. Resources such as Becker, Gleim, and Roger CPA Review are widely recognized for exam preparation and CPE compliance. For candidates seeking alternative pathways or additional flexibility, exploring affordable online programs can be beneficial. Many online degrees integrate CPA-focused coursework and exam review into their curriculum; for instance, the Low Cost Online Bachelor’s in Accounting Degree Programs Ranking in Pennsylvania highlights programs designed to meet or exceed Minnesota’s CPA education requirements while offering study-anywhere convenience.

What is the average cost of accounting degree in Minnesota?

The average cost of obtaining an accounting degree in Minnesota aligns closely with the median in-state total cost of approximately $16, 488. Public universities such as the University of Minnesota system offer affordable accounting degree programs Minnesota 2026 students find accessible, particularly due to lower in-state tuition rates. Graduates from these institutions often reflect positively on balancing quality education with manageable expenses, contributing to their confidence as they enter the accounting profession.

Private colleges, including notable options like Hamline University and Saint Mary's University of Minnesota, present a different financial picture. Their tuition ranges significantly higher, and out-of-state students experience similar fees due to uniform pricing policies. While the upfront investment can be substantial, reaching near $40, 000 annually, many students feel that the smaller class sizes and personalized instruction justify the expense.

Additional expenses, such as mandatory fees, textbooks, and supplies, add roughly $1, 000 to $2, 000 yearly, making careful budgeting essential. Many prospective students find that the availability of financial aid and scholarships helps offset these costs effectively, supporting their educational ambitions without excessive financial burden.

For prospective students interested in accelerated pathways, exploring options like 1 year masters programs online linked to accounting can provide alternatives that may influence overall costs and duration.

What financial aid is available to accounting degree students in Minnesota?

Students pursuing accounting degrees in Minnesota benefit from a broad range of financial aid options that make education more attainable. Graduates from institutions like the University of Minnesota and Minnesota State University often highlight how federal aid through FAFSA was crucial in funding their studies. This aid includes Pell Grants, which can provide up to $7, 500 annually to eligible undergraduates, as well as subsidized and unsubsidized Direct Loans offering manageable repayment terms.

State-specific programs such as the Minnesota State Grant Program further support residents attending local colleges by adjusting awards based on family income and tuition costs, helping to ease financial burdens. Institutional scholarships at Minnesota schools frequently reward students with strong academic performance or relevant experience, making these opportunities popular among accounting majors.

Private scholarships, such as those from the Minnesota Society of CPAs, present additional funding routes for students who demonstrate both academic promise and financial need. Many accounting students also supplement their finances through on-campus work-study programs or internships, gaining valuable industry experience while supporting their educational expenses.

Accelerated Accounting Degree Programs: Fast-Track Your Success

Accelerated accounting degree programs offer a streamlined pathway for motivated students and working professionals who want to jumpstart their careers without compromising on quality. These programs are designed to compress the standard coursework into a shorter time frame, enabling graduates to enter the workforce sooner while still receiving a comprehensive education in key areas such as financial reporting, taxation, auditing, and data analysis. With rigorous curricula and flexible scheduling options, accelerated programs are ideal for individuals looking to achieve a quick accounting degree that meets industry standards and prepares them for fast-changing market demands. Students enrolled in accelerated programs benefit from an emphasis on practical skills, including hands-on projects, real-world case studies, and advanced accounting software applications. These learning experiences foster critical thinking and ensure that graduates are not only academically proficient but also ready to address the challenges of today’s dynamic financial landscape. Additionally, many accelerated programs integrate networking opportunities, mentorship, and career counseling services, which are crucial for paving the way to success immediately after graduation. Furthermore, accelerated options often provide an edge in competitive job markets, as employers highly value candidates who have demonstrated both a commitment to continuous learning and the ability to manage intense study schedules effectively. By choosing an accelerated accounting degree pathway, prospective students can capitalize on up-to-date curricula and industry insights that are tailored to meet the demands of modern business environments. This focus on speed and efficiency makes accelerated accounting programs a compelling option for those eager to kick-start their professional journey in accounting.

What are the prerequisites for enrolling in accounting degree program in Minnesota?

Enrolling in accounting degree programs in Minnesota requires meeting essential academic prerequisites that ensure readiness for the rigorous curriculum. Graduates from institutions like the University of Minnesota often reflect on how having a solid foundation in high school mathematics, particularly algebra and higher-level courses, significantly eased their transition into college-level accounting classes.

Most programs demand a high school diploma or equivalent, with many considering GPA and standardized test scores, although some schools adopt test-optional policies. Foundational skills in English composition are equally emphasized, as students frequently engage in written analysis and reporting.

Community colleges offering associate degrees typically require basic proficiency in English and math, with placement tests guiding course selection. Several graduates from Minnesota State colleges share that prior exposure to introductory economics or business coursework, while not always mandatory, proved invaluable in grasping accounting concepts.

Experience with computer applications and basic accounting software is increasingly recommended to keep pace with technological integration in accounting roles. For those advancing toward CPA licensure, completion of accredited bachelor's degrees with standardized business courses and maintaining a competitive GPA is critical. This structured approach in Minnesota's accounting education fosters confidence and academic success among students.

Most Affordable Options for Accounting Education in Minnesota

For students seeking to pursue an accounting degree without accumulating significant debt, exploring affordable options is crucial. One of the key considerations is the cost of tuition, which can vary widely between public and private institutions. Students can also consider online accounting programs, which often provide a more economical alternative while maintaining academic quality. To find these affordable programs, prospective students can visit https://research.com/rankings/accounting/most-affordable-online-accounting-mn as a resource for affordable online accounting schools in Minnesota, offering insights into budget-friendly pathways to an accounting degree. By evaluating these options carefully, students can make informed decisions about their educational investments, balancing cost with the quality of education and potential career outcomes.

What courses are typically in accounting degree programs in Minnesota?

Accounting degree programs in Minnesota commonly include core courses essential for building a strong professional foundation. Students at institutions like the University of Minnesota experience classes in financial accounting, where they learn to prepare and interpret financial statements-skills vital for roles involving external reporting. Managerial accounting courses emphasize internal budgeting and decision-making, enabling graduates to support strategic business operations effectively.

Auditing classes, another staple offered by colleges across Minnesota, teach how to evaluate financial records to ensure accuracy and compliance with legal standards-a key competence praised by employers. Taxation courses cover both individual and corporate tax principles, giving students the practical knowledge to navigate complex tax laws confidently.

• Financial Accounting: Preparation and interpretation of financial statements.
• Managerial Accounting: Internal budgeting and decision-making processes.
• Auditing: Assessing financial records for professional standards compliance.
• Taxation: Application of individual and corporate tax regulations.
• Accounting Information Systems: Use of specialized software for managing data.
• Business Law and Ethics: Legal frameworks and ethical responsibilities in accounting.

Graduates from Minnesota universities often reflect positively on how these courses prepared them for real-world challenges, such as analyzing company audits or managing budgets during internships. Supplementary classes in business communication and statistics enhance their ability to articulate findings and drive data-informed decisions, contributing to their success in Minnesota's competitive accounting job market.

What types of specializations are available in accounting degree programs in Minnesota?

Accounting degree specializations in Minnesota commonly include public accounting, tax accounting, managerial or cost accounting, forensic accounting, and emerging fields such as information systems auditing and accounting analytics. Graduates from well-known Minnesota universities often share how the public accounting track effectively prepares them for CPA licensure by aligning coursework to the state Board of Accountancy's 150 credit hour requirement. This specialization enables students to confidently pursue careers in auditing, tax preparation, and consulting.

Many students find tax accounting particularly rewarding, especially given Minnesota's complex tax laws, including the alternative minimum tax. This specialization helps students navigate real-life scenarios involving individual and corporate tax planning. Managerial accounting appeals to those interested in roles supporting Minnesota's healthcare and manufacturing industries, offering skills in budgeting and financial performance evaluation.

Students across the state appreciate how forensic accounting combines investigative techniques with traditional accounting, preparing them for roles combating corporate fraud. For those drawn to technology-driven approaches, some universities provide pathways into accounting analytics or information systems auditing, reflecting a growing demand in digital financial decision-making.

When exploring Minnesota affordable accounting degree options, it is useful to consider programs offered at open admission universities that provide quality education without stringent entry barriers, ensuring access for a diverse student population. Prospective students gain valuable insights by researching such institutions to balance affordability and specialization focus.

Many accounting students advise prospective applicants to explore options at local universities, as these programs offer specialized curricula matched to Minnesota's job market demands. For those interested in more flexible learning paths, it is recommended to check open admission universities that align with one's career goals; more information can be found at open admission universities.

How do you choose the best accounting degree in Minnesota?

Choosing the best affordable accounting degrees in Minnesota requires careful evaluation of accreditation, curriculum, and practical experience offerings at local institutions. Graduates from well-regarded universities in Minnesota often emphasize the value of attending AACSB-accredited programs, which enhance learning quality and provide access to industry networks essential for career advancement. For example, students at Minnesota's leading public universities appreciate the alignment of coursework with CPA exam requirements and the availability of specialized concentrations like auditing and taxation.

Cost is a key consideration; Minnesota public universities generally offer competitive tuition rates that appeal to cost-conscious students. Many graduates recall balancing affordability with quality by exploring financial aid and scholarship opportunities. Students seeking a budget-friendly pathway frequently start with community colleges or consider a cheapest associate's degree online before transferring to a four-year institution.

Career success after graduation is closely linked to programs that emphasize internships or cooperative education with Minnesota businesses. Accountancy students report that practical training significantly boosts confidence and employability in Minnesota's dynamic job market. Focusing on these aspects can help you find the top Minnesota accounting degree programs cost-effectively while preparing for a rewarding career.

What career paths are available for accounting degree students in Minnesota?

Accounting graduates in Minnesota find diverse career paths across thriving sectors such as finance, manufacturing, and healthcare. Many start in public accounting firms, gaining valuable experience in auditing, tax, and consulting. Graduates from universities like the University of Minnesota often secure positions at prominent CPA firms, including regional leaders such as Baker Tilly, benefiting from an average annual wage above the national norm. This positive outcome reflects promising accounting career opportunities in Minnesota.

Corporate accounting roles within major Minnesota corporations like 3M and Target attract graduates who manage budgeting, compliance, and financial analysis. These positions frequently pave the way to senior finance careers. State and local government accounting jobs also appeal to graduates seeking stability through auditing public funds and tax administration. Additionally, specialization in forensic accounting and tax accounting is increasingly sought after, reflecting the state's complex fiscal environment.

Those considering the cost of local programs, which range from $8, 000 to $15, 000 annually, are encouraged by strong job prospects and advancement opportunities such as CPA certification. Prospective students exploring options may consult the list of best online colleges to find programs that fit their goals and financial plans for jobs with accounting degree in Minnesota.

What is the job market for accounting degree in Minnesota?

The job market for accounting degree holders in Minnesota continues to present robust opportunities, particularly in metropolitan areas like Minneapolis and St. Paul. Graduates from well-regarded institutions such as the University of Minnesota's Carlson School of Management often secure roles in top accounting firms and corporate finance departments, benefiting from the state's stable economy and diverse industries. This dynamic environment supports the increasing Minnesota job outlook for accounting graduates, enhanced by demand for professionals skilled in auditing, tax preparation, and data analytics.

Students and recent graduates describe their experience as encouraging, with many landing positions at firms including Deloitte and PwC, or in government accounting roles. The relatively affordable tuition at public Minnesota universities makes pursuing an accounting degree more accessible compared to national averages, fostering enthusiasm among applicants. For those who prioritize workplace culture, the state's opportunities align well with individuals seeking the best career for introvert environments, often found in accounting roles.

Overall, those embarking on accounting careers in Minnesota can anticipate a stable trajectory, supported by competitive salaries and expanding employer demand across a range of sectors.