How to Become an Accountant in Illinois for 2025

by Imed Bouchrika, Phd

Co-Founder and Chief Data Scientist

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Are you unsure how to begin a career in accounting in Illinois? Do the certification requirements, licensure process, and professional expectations feel overwhelming? You are not alone. Many aspiring accountants struggle to navigate the path forward in a field that demands precision, discipline, and clear planning. With employment growth projected at 4% through 2032, accounting in Illinois promises stability and long-term potential. Yet, the process of obtaining the necessary qualifications, certifications, and licensure can seem complex.

This article, prepared by career experts, will walk you through the essential steps to enter the accounting profession in Illinois. It will detail the educational qualifications, certification requirements, and licensure process to ensure you are ready to pursue your career.

Key Things to Know About Becoming an Accountant in Illinois

• Illinois accountants enjoy a steady job outlook, with employment growth projected at 4% through 2032, reflecting stable demand in finance hubs like Chicago.
• The average salary for Illinois accountants hovers around $65,720 annually, slightly above the national average, rewarding expertise and certifications.
• Becoming a certified public accountant (CPA) in Illinois requires 150 credit hours, passing the CPA exam, and meeting experience prerequisites for licensure.

Table of Contents

1. What is the minimum educational requirement for becoming an accountant in Illinois?
2. What are the licensing requirements for accountants in Illinois?
3. What are the most in-demand skills for accountants in Illinois?
4. What accounting roles are available in Illinois?
5. How much can I earn as an accountant in Illinois?
6. What is the job outlook for accountants in Illinois?
7. Which industries are best for accountants in Illinois?
8. What regulations and ethical considerations should I know regarding accounting practice in Illinois?
9. How can I finance my accounting education in Illinois?
10. Should I Consider Legal Certification to Complement My Accounting Career in Illinois?
11. What is the continuing educational requirement for accountants in Illinois?
12. What career and advancement opportunities are available for accountants in Illinois?
13. What specialized areas can further enhance my accounting career prospects in Illinois?
14. How do I choose the right accounting school in Illinois?
15. Other Things You Should Know About Becoming an Accountant in Illinois

What is the minimum educational requirement for becoming an accountant in Illinois?

To pursue a career as a licensed accountant in Illinois, candidates must meet specific educational criteria set by the Illinois Board of Examiners (ILBOE). These requirements ensure that aspiring accountants possess the necessary academic foundation to perform competently in the profession.

• Bachelor’s Degree or Higher: Candidates must hold a baccalaureate or higher degree from a Board-recognized institution accredited by an accrediting association recognized by the Council for Higher Education Accreditation (CHEA), the U.S. Department of Education (USDE), or any accreditation organization approved by the Board.
• Completion of 150 Semester Credit Hours: Illinois requires CPA candidates to complete 150 semester credit hours of post-secondary education. This typically involves obtaining a master's degree or additional coursework beyond the bachelor's degree.
• Accounting Coursework: A minimum of 30 semester credit hours in accounting courses is required. These courses should cover areas such as financial accounting, managerial accounting, taxation, and auditing.
• Business Coursework: Candidates must complete at least 24 semester credit hours in business courses, including subjects like business law, economics, finance, and business ethics.
• Ethics Coursework: Completion of a course in professional ethics is mandatory. This course should focus on the ethical responsibilities of accountants and may be part of the business coursework.

Accounting Degree Completions by Gender

Source: Association of International Certified Professional Accountants, 2023

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What are the licensing requirements for accountants in Illinois?

In Illinois, becoming a licensed accountant involves several steps and specific requirements. Here’s a breakdown of the necessary criteria:

• Education Requirements: To qualify for the CPA license, you must earn at least 150 semester hours of college education, which typically includes a bachelor’s degree. Many pursue online accounting degree programs, allowing students to complete coursework at their own pace while preparing for CPA eligibility.
• Examination: After meeting the education requirements, you must pass the Uniform CPA Examination, which is a nationwide test administered by the American Institute of Certified Public Accountants (AICPA).
• Experience: Illinois requires candidates to have at least one year (or 2,000 hours) of practical accounting experience under the supervision of a licensed CPA.
• Ethics Exam: In addition to the CPA exam, candidates must also pass an ethics exam that is specifically required by the Illinois Board of Examiners.
• Application and Fees: After meeting all the education, exam, and experience requirements, you can apply for licensure through the Illinois Department of Financial and Professional Regulation (IDFPR).
• Continuing Professional Education (CPE): Once licensed, CPAs in Illinois must complete 120 hours of continuing education every three years. This ensures that accountants stay current with industry changes, regulations, and best practices.

What are the most in-demand skills for accountants in Illinois?

Accounting in Illinois requires developing specific skills to stay competitive in the field. With the right foundation of education, preparation, and local resources, you can position yourself for success. Below are key skills that Illinois accountants must focus on:

• Technical Accounting Knowledge: A deep understanding of accounting principles, regulations, and reporting standards, including GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards).
• Analytical Skills: Accountants need to be able to analyze financial data, identify trends, and provide actionable insights that help businesses make informed decisions.
• Tax Knowledge: A solid grasp of federal, state, and local tax laws, along with the ability to manage complex tax planning, compliance, and reporting.
• Communication Skills: Strong written and verbal communication skills are essential for explaining financial concepts, drafting reports, and interacting with clients or stakeholders.
• Technology Proficiency: Familiarity with accounting software like QuickBooks, SAP, and data analytics tools is crucial for efficiency and accuracy.
• Ethical Judgment: Accountants must maintain the highest ethical standards in financial reporting and auditing to ensure transparency and trustworthiness.
• Adaptability: With rapidly changing regulations and technology, accountants must stay updated and be flexible in adapting to new tools, laws, and business practices.

What accounting roles are available in Illinois?

Illinois presents a diverse array of accounting roles across various industries, offering professionals opportunities to apply their expertise in different settings. Here are some of the accounting roles available in Illinois:

• Full Charge Bookkeeper: Manages all aspects of financial recordkeeping, including payroll, accounts payable and receivable, bank reconciliations, and preparation of financial statements. Enrolling in bookkeeping courses can help build the skills needed for this role efficiently and accurately.
• Fund Accountant: Specializes in managing financial records for investment funds, ensuring accurate reporting of fund performance and compliance with regulatory requirements.
• Project Accountant: Oversees financial aspects of specific projects, including budgeting, cost tracking, and financial reporting, ensuring projects stay within financial constraints.
• Grant Accountant: Manages financial aspects of grants, ensuring proper allocation of funds, compliance with grant terms, and accurate reporting to stakeholders.
• Revenue Accountant: Focuses on recognizing and recording revenue following accounting standards, ensuring accurate financial reporting.
• Treasury Analyst: Manages an organization's cash flow, investments, and financial risk, ensuring liquidity and financial stability.

How much can I earn as an accountant in Illinois?

The average annual salary for accountants in Illinois is approximately $65,720, with a typical range between $44,898 and $96,197. CPAs tend to earn more, averaging around $79,373 annually, with top earners making up to $131,723. Senior accountants can expect salaries ranging from $83,240 to $113,386, depending on experience and other factors.

Factors influencing accountant salaries in Illinois include:

• Experience Level: Entry-level staff accountants earn about $50,753 per year, while those with over 10 years of experience can earn between $89,400 and $105,000.
• Industry: Industries like energy, aerospace, and IT offer higher salaries, with accountants in these sectors earning between $87,770 and $101,389 annually.
• Specialization: Specialized roles such as forensic, tax, or cost accounting can command salaries 10–30% higher than general accounting positions. Earning an MBA accounting degree can accelerate career advancement and increase earning potential by combining financial expertise with leadership and strategic skills.
• Location: Accountants in cities like Chicago and Springfield often earn more due to higher living costs and demand, with average salaries in Chicago around $73,497.

What is the job outlook for accountants in Illinois?

The job outlook for accountants in Illinois remains strong, with employment projected to grow by 4% through 2032. This growth is driven by steady demand within the state’s diverse economy, particularly in urban centers like Chicago, which continues to attract many accounting roles. While metropolitan areas offer plentiful opportunities, smaller markets and suburban regions also contribute to the demand, with remote work enabling a broader talent pool. 

Illinois offers a compelling environment for accounting professionals, with consistent demand across various industries. Earning an associate degree in accounting is a practical entry point into the field, providing foundational skills in financial reporting, taxation, and bookkeeping. As the profession evolves with technological advancements, this degree can serve as a stepping stone to further education or certifications, helping new professionals build a dynamic and rewarding career.

Which industries are best for accountants in Illinois?

Illinois offers a diverse array of industries where accountants can find rewarding career opportunities. Here are some of the key industries in Illinois that are particularly conducive to accounting professionals:

• Financial Services: Illinois, especially the Chicago metropolitan area, is a hub for banks, investment firms, and insurance companies. Accountants in this sector engage in auditing, compliance, and financial analysis, playing a crucial role in maintaining the integrity of financial institutions.
• Healthcare and Life Sciences: With a significant presence of hospitals, pharmaceutical companies, and research institutions, accountants in this industry manage budgeting, financial reporting, and regulatory compliance, ensuring the efficient allocation of resources in the healthcare sector.
• Technology and Information Services: The state's growing tech industry provides accountants with opportunities in financial analysis, budgeting, and managing revenue streams in a rapidly evolving sector.
• Government and Public Sector: State and local government agencies employ accountants for auditing, budgeting, and financial reporting to ensure transparency and accountability in public spending.
• Retail and Wholesale Trade: Accountants in this sector focus on inventory management, financial reporting, and cost analysis to support retail operations, ensuring profitability and operational efficiency.
• Transportation and Logistics: With a significant logistics industry, accountants manage financial operations related to supply chain, inventory, and transportation costs, facilitating the smooth movement of goods.

What regulations and ethical considerations should I know regarding accounting practice in Illinois?

The Illinois Department of Financial and Professional Regulation (IDFPR) serves as the primary authority, overseeing licensure and ensuring that all Certified Public Accountants (CPAs) uphold the integrity of the profession. Let’s explore the key regulations and ethical considerations every CPA in Illinois must understand and follow:

1. CPA Licensure and the Illinois Public Accounting Act

Becoming a CPA in Illinois requires meeting the requirements outlined in the Illinois Public Accounting Act. This includes passing the Uniform CPA Examination, satisfying educational and work experience prerequisites, and applying for licensure through the IDFPR. The Act also defines the scope of practice, outlines professional standards, and details disciplinary procedures for noncompliance.

2. Continuing Professional Education (CPE) Requirements

CPAs in Illinois must complete 120 hours of Continuing Professional Education (CPE) every three years, including at least 4 hours dedicated to ethics. This requirement ensures ongoing competence and ethical awareness. Staying current with evolving laws, technology, and accounting practices is essential to maintaining licensure and credibility in the field.

3. Ethical Standards and AICPA Guidelines

Ethics are foundational to accounting in Illinois. Practitioners must adhere to the AICPA Code of Professional Conduct, which emphasizes objectivity, integrity, confidentiality, professional competence, and due care. These principles protect the public and guide accountants through complex decisions. Violations—such as conflicts of interest, falsifying records, or misuse of client funds—can result in serious penalties.

4. Legal and Disciplinary Actions

Accountants in Illinois who engage in unethical or unlawful behavior face strict disciplinary measures. The IDFPR investigates complaints and may impose fines, suspend or revoke licenses, or refer cases for criminal prosecution. Offenses like embezzlement or fraud can lead to felony charges, heavy fines, and imprisonment. Recent increases in enforcement underscore the seriousness of compliance.

5. Commitment to Public Trust and Accountability

Practicing accounting in Illinois means accepting responsibility not only to clients but also to the public. Accountants are stewards of financial integrity, and their actions impact businesses, investors, and communities. Upholding ethical and legal standards is key to building a respected, sustainable career in this high-stakes profession.

How can I finance my accounting education in Illinois?

Prospective accounting students in Illinois should explore diverse financial support avenues to manage tuition and related expenses. Federal and state grants, merit- and need-based scholarships, and loan programs specifically targeted at accounting professionals can substantially lessen the financial burden. In addition to institution-specific aid packages and work-study programs, reviewing program details at the best business schools in Illinois can provide precise insights into tuition costs and available financial support. Evaluating these options carefully and consulting with financial aid advisors are crucial steps in securing a cost-effective path toward an accounting career.

Should I Consider Legal Certification to Complement My Accounting Career in Illinois?

Accountants who expand their expertise into legal frameworks can significantly strengthen their role in regulatory compliance, contract negotiations, and risk management. Integrating targeted legal training provides complementary skills that enhance analytical and ethical decision-making in complex financial environments. This additional certification can assist in interpreting evolving business laws and industry-specific regulations, thereby positioning professionals for leadership opportunities in cross-disciplinary settings. For insights on acquiring such legal proficiency, review Illinois paralegal education requirements.

What is the continuing educational requirement for accountants in Illinois?

In Illinois, CPAs are mandated to complete Continuing Professional Education (CPE) to maintain their licensure. Below are the key CPE requirements for Illinois CPAs:

• 120 CPE Hours Every Three Years: CPAs must complete 120 hours of CPE within each triennial period, spanning from October 1 to September 30. This ensures ongoing professional development and adherence to industry standards.
• 4 Hours of Professional Ethics: At least 4 of the 120 CPE hours must focus on professional ethics, covering topics such as integrity, objectivity, and professional conduct.
• 1 Hour of Sexual Harassment Prevention Training: CPAs are required to complete 1 hour of sexual harassment prevention training from an IDFPR-approved provider.
• Record Retention: CPAs must retain documentation of completed CPE for a minimum of six years to ensure compliance and facilitate potential audits.
• CPE Waivers: Under certain circumstances, CPAs may be granted a waiver from CPE requirements. Eligibility criteria and application procedures are detailed in the Illinois Administrative Code.
• CPE Reciprocity: CPAs licensed in multiple states may fulfill Illinois CPE requirements by meeting the standards of their primary state of licensure, promoting consistency across jurisdictions.

What career and advancement opportunities are available for accountants in Illinois?

Accountants in Illinois have access to a wide range of career opportunities across multiple sectors. The state's diverse economy supports roles in public accounting, corporate finance, government auditing, and nonprofit financial management. Accountants may work in industries such as manufacturing, financial services, healthcare, and technology. Common positions include staff accountant, auditor, cost accountant, and tax specialist, each offering the chance to build core competencies in financial reporting, regulatory compliance, and budget analysis.

With experience and continued education, accountants can progress to senior roles including accounting manager, controller, and chief financial officer. Leadership positions often require strategic decision-making abilities and expertise in financial planning. Additionally, specialization can lead to high-demand and various accounting career options within both the private and public sectors.

What specialized areas can further enhance my accounting career prospects in Illinois?

Exploring niche specializations can create competitive advantages in Illinois’ diverse accounting landscape. Professionals may pursue paths such as forensic accounting, financial analysis, or data analytics to address complex financial challenges and fraud prevention. Integrating investigative techniques with traditional accounting skills not only broadens your expertise but also meets the growing demand for professionals who can decipher intricate financial irregularities. For those interested in complementary disciplines, consider exploring forensic scientist education in Illinois to gain insights into investigative methods that can be adapted within forensic accounting practices.

How do I choose the right accounting school in Illinois?

Selecting an accounting institution in Illinois involves evaluating program reputation, curriculum rigor, faculty expertise, internship opportunities, and post-graduate employment support. Analyze accreditation status, facility quality, and industry connections to ensure the program aligns with your career goals. For a comprehensive comparison of educational options, consult the best accounting schools in Illinois. Assess student resources, financial aid offerings, and alumni success to make a well-informed decision.

Here’s What Graduates Have to Say about Becoming an Accountant in Illinois

Pursuing my education in accounting opened doors I never imagined, from internships at reputable firms to learning how to analyze financial data. The hands-on experience and mentorship I received gave me confidence and clarity about my career path. I now feel empowered and ready to sit for the CPA exam with a strong foundation beneath me. — Mielle

After years in retail management, I decided to transition into accounting, and it was the best career decision I’ve made. The structured learning and practical case studies helped me quickly adapt and apply new skills, even with no prior background in finance. I now work as a staff accountant and finally feel fulfilled in my professional life. — Jerico

Working full-time while gaining accounting experience was challenging, but it taught me how to manage time, communicate with clients, and stay detail-oriented under pressure. I was surprised by how quickly I could apply what I learned to my job and gain recognition for my accuracy and problem-solving. That sense of growth and achievement has made every late night worth it. — Vina

Other Things You Should Know About Becoming an Accountant in Illinois

What steps are required to apply for the CPA exam in Illinois?

To apply for the CPA exam in Illinois, you must meet specific education and application requirements. Complete the 150 semester hours of college education, including accounting and business courses. Submit your official transcripts and application to the Illinois Board of Examiners. After approval, you’ll receive a Notice to Schedule from NASBA. Then, pay exam fees and choose your test dates. Prepare thoroughly for all four exam sections to ensure a successful CPA journey in Illinois.

What are the eligibility requirements for taking the CPA exam in Illinois?

To be eligible for the CPA exam in Illinois, you must meet certain education and residency requirements. You need 150 semester hours of college education, including 24 hours in accounting and 24 in business-related subjects. These courses must cover key topics like auditing, taxation, and business law. Illinois residency or compliance with its application rules is also required. These prerequisites ensure candidates are academically prepared and aligned with state expectations for CPA licensure.

How many attempts are allowed to pass the CPA exam in Illinois?

Illinois allows unlimited attempts to pass each CPA exam section. However, you must pass all four sections within an 18-month rolling window. If you fail a section, you must wait at least 24 hours to reapply and reschedule it. The earliest passed section becomes void if the 18-month period expires before passing all sections. While you have flexibility in attempts, careful timing and consistent progress are essential to avoid restarting parts of the exam process.

Do I need a supervised accounting experience to qualify as an accountant in Illinois?

Yes, Illinois requires supervised experience to qualify for CPA licensure. You must complete at least one year, or 2,000 hours, of accounting work under a licensed CPA. This experience can be gained in public accounting, government, or private industry, and must include tasks like auditing, tax preparation, or financial reporting. The supervising CPA must verify your work through documentation. This requirement ensures practical competence and readiness for the responsibilities of a licensed CPA.

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