2026 Most Valuable accounting Degree Programs Ranking in Illinois

What can I expect from accounting degree in Illinois?

The average cost of earning an accounting degree in Illinois varies significantly depending on the institution type and residency status. Public universities typically charge between $12, 000 and $30, 000 per year for in-state students, while private colleges can exceed $40, 000 annually. Graduates from institutions such as the University of Illinois at Urbana-Champaign often share that despite higher tuition, the investment pays off because of strong CPA exam preparation and comprehensive upper-level coursework that enhances employability.

Many students appreciate the balance Illinois programs offer-around 120 credit hours combining general education, business core, and accounting specialization courses-allowing integration of electives that suit career goals. For example, graduates from the University of Illinois at Chicago highlight that the program meets all CPA requirements including 150 credit hours needed for licensure, making their tuition a gateway to advanced certification and competitive salaries.

Students often feel motivated knowing their tuition covers rigorous grade standards and credit-hour distributions aligned with national accounting education criteria, which fosters a sense of preparedness and confidence entering the workforce.

Where can I work with accounting degree in Illinois?

Graduates with an accounting degree in Illinois find diverse employment opportunities across multiple industries. Many secure roles in Chicago's robust job market, with approximately 1, 848 accounting positions statewide. Popular career paths begin with entry-level jobs like Accounting Interns or Analysts, offering salaries between $74, 000 and $126, 000 annually. Mid-level roles such as Accounts Payable Associates or Staff Accountants pay $85, 000 to $110, 000, while senior positions like Tax Managers or Controllers can earn up to $193, 000.

Students from universities such as the University of Illinois at Urbana-Champaign or DePaul University often share that internships with Big Four firms or regional consulting companies provide practical experience and enhance job prospects. Many describe the excitement of landing hybrid or remote roles, which add flexibility to demanding schedules.

Employers include Fortune 500 corporations, startups, nonprofits, and government agencies, reflecting the state's wide-ranging demand. This variety allows graduates to align their jobs with personal interests, whether in corporate finance, taxation, or auditing, making Illinois a compelling place to launch an accounting career.

How much can I make with accounting degree in Illinois?

Graduates with an accounting degree in Illinois can expect competitive salaries that reflect strong local demand and specialized skills. For example, a Staff Accountant typically earns a mean annual wage of $90, 780, or about $43. 65 per hour, providing a stable and attractive starting point. Entry-level roles such as Bookkeeper, Tax Preparer, Associate Auditor, and Accounts Payable Clerk offer around $49, 580 annually, which aligns well with many new graduates' first positions after studying accounting at institutions like the University of Illinois Urbana-Champaign or DePaul University.

These salary levels often translate into enjoyable financial independence, allowing graduates to comfortably manage living expenses in Illinois' metropolitan areas. Several alumni have noted how starting at such wages empowered them to pursue certifications like CPA or CMA while gaining real-world experience, boosting their career growth. The data highlights a rewarding path for accounting students eager to turn their academic achievements into tangible, consistent income within Illinois's diverse business environment.

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

Completing an accounting degree in Illinois typically ranges from 18 months to four years, depending on the level of study and program type. For instance, community college graduates at Illinois Central College often complete their associate degree in accounting in just 18 months of full-time study, covering 60 credit hours across three semesters. This shorter program appeals to students eager to start their careers early or transfer credits toward a bachelor's degree.

Bachelor's degree students at universities like Eastern Illinois University or the University of Illinois Chicago generally invest four years to complete 120 credit hours, with about 27 credits focused specifically on accounting courses. Graduates from these programs recount how the structured, in-depth curriculum prepared them well for professional opportunities.

Graduate students pursuing a Master of Science in Accountancy in Illinois experience varied timelines, typically finishing within 18 to 36 months depending on course load and electives. Those balancing work and study appreciate this flexibility, enabling steady career advancement while earning advanced credentials.

Many prospective CPAs find motivation knowing that post-2027, Illinois will allow certification after 120 credits combined with two years of work experience, potentially accelerating their journey toward licensure.

Affordable and Flexible Online Accounting Programs

Many students in Illinois seek quality education without the high price tag or rigid schedules of traditional on-campus programs. Online accounting degrees offer the perfect blend of affordability and flexibility, allowing you to balance work, family, and studies. For those focused on minimizing tuition costs while still earning a respected credential, you can explore the cheapest bachelor’s degree accounting online, which features regionally accredited programs with competitive per-credit rates and generous financial aid packages. Beyond cost savings, online programs in Illinois often mirror the same curriculum and accreditation standards as their on-campus counterparts. Accredited by bodies like AACSB or ACBSP, these programs include core courses—financial accounting, managerial accounting, taxation, and auditing—delivered through engaging video lectures, interactive case studies, and virtual simulations. Many institutions also provide robust student support, including live tutoring, career coaching, and CPA exam prep workshops, ensuring you receive personalized guidance every step of the way. Furthermore, earning your degree online can accelerate your return on investment. With flexible start dates and accelerated eight-week sessions, you may complete prerequisite or elective courses more quickly, reducing time-to-degree and overall tuition. Online students often report seamless access to alumni networks and virtual career fairs, making it easier to secure internships or entry-level positions in public accounting firms, corporate finance departments, and nonprofit organizations across Illinois—all while leveraging the convenience of remote learning.

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

Students pursuing accounting degrees in Illinois face a clear choice between on-campus and online formats, each with distinct characteristics. On-campus programs, common at universities like the University of Illinois Urbana-Champaign, offer in-person classes with direct faculty interaction and access to resources such as libraries and advising centers. Graduates often highlight the benefit of structured schedules and immediate feedback that help maintain motivation and deepen understanding.

Conversely, online accounting degrees, prevalent at schools like DePaul University, provide flexibility through asynchronous coursework allowing students-particularly working adults-to study around their own schedules. Illinois online programs frequently use eight-week terms, enabling faster degree completion and reducing costs to approximately $878 per credit hour, compared to higher fees for on-campus courses. However, success in online formats requires strong self-discipline, as students manage deadlines independently without regular in-person engagement.

More than half of Illinois college students now take some or all classes online, reflecting growing acceptance of these flexible learning options in accounting education.

Return on Investment for Accounting Degrees in Illinois

When evaluating the true value of an accounting degree in Illinois, understanding the return on investment (ROI) is essential. By comparing program costs with projected earnings, prospective students can make data-driven decisions and choose programs that deliver long-term financial benefits. Average Cost vs. Earnings • In-state public universities charge around $6,892 per year, leading to a total four-year tuition of approximately $27,568. • Private institutions average $32,084 per year, totaling about $128,336 for a bachelor’s. • Online programs, with an annual tuition near $6,017, offer lower costs and flexible scheduling. With entry-level Staff Accountants earning a mean annual salary of $86,740 and median starting salaries for bookkeepers around $47,440, the typical payback period for in-state public degrees is under two years. Even private degrees often recoup tuition costs within three years, thanks to higher starting salaries and specialized career paths. Payback Period Analysis • Public, in-state: ~1.8 years • Private, out-of-state: ~2.9 years • Online programs: ~1.7 years (due to lower tuition and consistent rates) Factors Influencing ROI • Specializations (e.g., forensic accounting, tax planning) can boost starting salaries by 10–15%. • Internships and co-op programs shorten job search times, increasing early-career earnings. • Scholarships and grants reduce upfront costs, improving payback metrics. • Comparing low-cost alternatives, such as the Low Cost Online Accounting Degree Programs Ranking in Pennsylvania, can highlight best-value programs outside Illinois. By weighing tuition expenses against salary trajectories and factoring in financial aid, students can pinpoint accounting programs in Illinois with the highest ROI—ensuring their educational investment translates into lifelong career success.

What is the average cost of accounting degree in Illinois?

The average cost of an accounting degree in Illinois varies depending on whether a student attends a public or private institution and their residency status. Data shows the median total cost for accounting degrees in Illinois is approximately $43, 940, with in-state students typically paying around $30, 598. This covers tuition, fees, and related educational expenses over the length of the program. For students attending well-known schools like DePaul University or Loyola University Chicago, the figures may trend higher, especially when factoring in living expenses and materials. Many graduates recall balancing their budgets with financial aid, scholarships, and assistantships, which helped ease the overall financial burden.

Additional expenses like living in cities such as Chicago can push costs closer to the $50, 000 to $70, 000 range over four years for public universities, encompassing housing, food, transportation, and textbooks. Graduates often emphasize the importance of planning to effectively manage these expenses while pursuing their degree. For those considering future career steps such as CPA certification, exam fees and review courses represent separate costs that should also be budgeted.

Prospective students interested in the best college majors for future jobs may find accounting appealing not only for its strong career outlook but also for the manageable investment involved, particularly with targeted financial planning. Understanding the average cost of accounting degree in Illinois can help students make informed decisions and align their educational goals with realistic financial expectations.

Emerging Industry Trends and Future Outlook

As the accounting landscape evolves, prospective students and professionals must stay informed about emerging industry trends that are reshaping the field. Recent technological advancements, such as artificial intelligence, blockchain, and cloud accounting, are transforming traditional practices by automating routine tasks and enhancing data accuracy. This evolution not only streamlines everyday operations but also redefines the skills required to excel in the profession. For instance, familiarity with financial analytics software and data visualization tools is becoming increasingly essential as businesses demand real-time insights and predictive capabilities. Educational institutions in Illinois are starting to integrate these innovations into their curricula, offering specialized courses and hands-on projects that prepare students for the modern challenges of the field. By embracing digital transformation, graduates can position themselves at the forefront of a rapidly changing market. This proactive approach increases the likelihood of landing a competitive accounting job that not only meets current industry standards but also embraces future demands. Moreover, these trends are opening up new avenues for exploratory roles in forensic accounting, risk management, and financial technology consulting. By continuously updating their skills and understanding market shifts, students and professionals can ensure they remain valuable assets to employers. This forward-thinking mindset, combined with a robust academic foundation, is crucial for navigating the evolving financial landscape and securing sustainable career growth.

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

Accounting students in Illinois benefit from multiple financial aid sources that significantly ease the cost burden. Graduates from universities such as the University of Illinois often highlight the impact of the Illinois CPA Society scholarships, which offer between $1, 000 and $4, 000 based on academic excellence and leadership. These scholarships cover various groups, including transfer students from community colleges and minorities, enhancing accessibility.

Public community colleges charge around $4, 250 annually, while private universities exceed $37, 000, creating a wide cost spectrum. Notably, in-state students at the University of Illinois with family incomes under $75, 000 now access free tuition starting Fall 2025, a benefit that recent graduates attest transformed their educational experience, reducing financial stress and improving focus on studies.

In addition to scholarships, students leverage federal aid programs initiated via FAFSA, unlocking grants, loans, and state support. Loans such as Federal Direct Subsidized and Unsubsidized loans and Parent PLUS loans serve as fallback options, enabling students to manage expenses when scholarships and grants are insufficient.

Most Affordable Accounting Schools in Illinois

For students looking to pursue an accounting degree without breaking the bank, considering the cost of tuition is paramount. Many institutions in Illinois offer affordable options without compromising on the quality of education. When searching for the most affordable accounting schools, it's essential to weigh factors such as tuition fees, scholarship opportunities, and the potential return on investment. Prospective students can find detailed information on these aspects by exploring resources like our page on cheapest accounting schools in illinois, which provides a comprehensive overview of affordable accounting programs in the state. This can help students make informed decisions about their educational investments, ensuring they can achieve their career goals in accounting without accumulating substantial debt.

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

To enroll in an accounting degree program in Illinois, prospective students must meet specific academic prerequisites that vary by institution and program type. Undergraduate applicants from high school generally need a cumulative GPA between 2. 0 and 2. 6 on a 4. 0 scale. For example, graduates from well-known Illinois universities often share that maintaining a GPA above 2. 5 helped secure their admission. Students ranking in the top 10% of their class may gain automatic admission, reflecting academic excellence recognition regardless of GPA.

Transfer students with at least 30 semester hours from accredited colleges need a minimum GPA of 2. 0, simplifying their pathway. Those with fewer credits must meet both freshman and transfer requirements, a situation former students recall demanding clear planning and careful credit management.

Once enrolled, students at institutions such as Southern Illinois University Edwardsville must complete foundational courses with a grade of C or better and maintain a GPA of 2. 5 to declare accounting as their major. This ensures they are well-prepared for specialized study ahead.

Graduate accounting programs require an undergraduate degree with a GPA from 2. 7 to 3. 0. Students without prior accounting study often complete prerequisite courses in intermediate accounting and taxation before starting graduate classes. This holistic approach reassures many that foundational knowledge is solid, enhancing confidence entering advanced studies.

What courses are typically in accounting degree programs in Illinois?

Accounting degree programs in Illinois typically include 120 to 124 credit hours, starting with general education courses that build communication and analytical skills. Graduates from schools like the University of Illinois or DePaul University emphasize how foundational classes in composition, humanities, and social sciences, totaling about 39 to 45 credit hours, helped them adapt to complex business environments and present their ideas clearly.

The business core, usually 42 to 44 credit hours, covers essential areas such as economics, business statistics, business law, information systems, finance, management, marketing, and organizational behavior. Students recall how courses in business law and finance were critical in internships, giving them confidence in real-world financial decision-making.

Specialized accounting coursework-typically 18 to 30 credit hours-includes intermediate financial accounting, cost accounting, auditing, federal income tax, and accounting information systems. Alumni mention how mastering auditing and tax preparation at institutions like Northern Illinois University proved rewarding, opening doors in public accounting firms.

Modern curricula integrate data analytics, spreadsheet applications, and enterprise resource planning, responding to employers' tech demands. Electives and certificate options at some Illinois colleges enhance expertise and boost student enthusiasm for future careers.

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

Accounting degree specializations in Illinois commonly include tax accounting, auditing, forensic accounting, managerial accounting, and governmental and nonprofit accounting. Tax accounting covers compliance with federal and state tax laws, making it ideal for students aiming to work in tax departments or public accounting firms. Graduates from the University of Illinois at Urbana-Champaign often reflect on how this specialization sharpened their understanding of complex tax codes, directly benefiting their careers.

Auditing focuses on risk assessment and financial verification. It remains essential for those pursuing CPA certification or roles in regulatory agencies. Forensic accounting, which involves fraud detection and litigation support, is notably growing in Illinois, aligning with national trends predicting a 6% job growth for accountants and auditors through 2031.

Managerial accounting emphasizes budgeting and financial decision-making, preparing students for corporate roles such as financial analysts. Illinois accounting degree concentration options also often include governmental and nonprofit accounting, addressing fund accounting unique to these sectors, a path chosen by many DePaul University graduates. Interested students can explore what are some certifications that pay well to enhance their qualifications and salary prospects.

How do you choose the best accounting degree in Illinois?

Choosing the best accounting degree in Illinois begins with verifying program accreditation from bodies like AACSB or ACBSP, ensuring your education meets professional standards required for certifications like the CPA. Graduates from popular universities in Illinois often praise their programs for offering 150 semester hours of coursework, a key requirement endorsed by the Illinois Board of Examiners. Many accounting students find that studying at institutions near Chicago provides unmatched access to internships and job fairs, which significantly improve post-graduation prospects.

When considering affordable accounting colleges in Illinois, tuition varies widely, with public universities charging between $15, 000 and $25, 000 annually for in-state students, and private schools exceeding $40, 000. Graduates share their experiences balancing cost against program quality and networking opportunities, which are crucial for early-career success. Faculty expertise and strong career services have been highlighted as enhancing graduates' confidence during job searches.

Graduates often recommend examining graduation rates and employer connections to gauge program effectiveness. To explore future growth, pairing your accounting degree with relevant masters degrees that pay well can be a strategic choice in Illinois's competitive market.

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

Accounting degree holders in Illinois have access to diverse career paths within the state's dynamic economy. Graduates from institutions like the University of Illinois at Urbana-Champaign often pursue roles as Certified Public Accountants (CPAs), who handle auditing, tax preparation, and financial consulting. Illinois' requirement of 150 semester hours encourages continuous education, and many find this an opportunity to deepen expertise. Corporate accounting is another common path, with firms such as Boeing and Caterpillar hiring professionals to manage budgeting and compliance. Government accounting roles in state and local agencies also attract graduates seeking stability and benefits while contributing to public financial oversight.

The job prospects for accounting graduates Illinois are bolstered further by opportunities in forensic accounting, addressing fraud investigations alongside law enforcement, and specialized tax roles tailored to state and municipal tax laws. Public accounting firms provide broad auditor services ranging from startups to multinational corporations, making the field adaptable to various interests and skill sets. Many graduates are encouraged by the steady job growth and competitive salaries reported in the market.

Students mindful of education investment also explore efficient paths like the shortest doctorate programs to advance their qualifications swiftly. This pragmatic approach reflects the strong alignment between education and rewarding career paths in Illinois accounting.

What is the job market for accounting degree in Illinois?

The accounting job market prospects in Illinois remain robust, fueled by a diverse economy centered around Chicago's status as a financial hub. Graduates from popular Illinois institutions often find employment opportunities at large corporations, regional banks, and emerging startups. These graduates report positive transitions into roles such as financial analysts, auditors, and tax advisors, benefiting from the state's demand for qualified accountants across sectors like manufacturing and healthcare.

Illinois accounting degree employment opportunities are supported by rising demand driven by ongoing regulatory updates and business growth. Median wages hover around $78, 000, exceeding national averages. Earning a CPA license after 150 credit hours further enhances earning potential, with certified accountants frequently surpassing $90, 000 annually. Internships and networking through universities provide valuable job placement connections to ease entry into the workforce.

While tuition costs for public schools average $13, 000 annually, many graduates consider this a worthwhile investment given strong job prospects. For those exploring alternative career paths, there are also good paying trade school jobs available within Illinois that complement financial career options.