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How to Become an Accountant in Minnesota for 2025

Imed Bouchrika, Phd

by Imed Bouchrika, Phd

Co-Founder and Chief Data Scientist

Minnesota is home to over 30,400 accountants and auditors as of 2025, reflecting the state’s strong demand for financial professionals. With competitive salaries that nearly match the national median wage for the field, and a growing job outlook, accounting remains a promising career path in the state. Whether you're just starting out or considering a career change, this guide will walk you through the steps to become an accountant in Minnesota and help you navigate the path to a stable, rewarding profession.

Key Things to Know About Becoming an Accountant in Minnesota

  • Minnesota’s accounting job market is stable, with a 5.6% growth rate expected through 2032, reflecting steady demand in finance and business sectors.
  • The average accountant salary in Minnesota is approximately $39.40 per hour, slightly higher than the national hourly average wage for the same profession.
  • Consider programs at the University of Minnesota and Minnesota State University, Mankato, which are known for strong accounting curricula and CPA exam preparation.
  • To become licensed, complete 150 credit hours, pass the CPA exam, and fulfill Minnesota’s experience requirements for certification.
  • Professional and business services employ the most accountants in Minnesota, with 12,680 accountants and auditors working in the sector.

Table of Contents

  1. What is the minimum educational requirement for becoming an accountant in Minnesota?
  2. What are the licensing requirements for accountants in Minnesota?
  3. What are the most in-demand skills for accountants in Minnesota?
  4. What accounting roles are available in Minnesota?
  5. How much can I earn as an accountant in Minnesota?
  6. What is the job outlook for accountants in Minnesota?
  7. Which academic programs best prepare accountants for success in Minnesota?
  8. Can gaining expertise in forensic science enhance my accounting career in Minnesota?
  9. Which professional organizations support accountants in Minnesota?
  10. How can legal expertise enhance my accounting practice in Minnesota?
  11. Which industries are best for accountants in Minnesota?
  12. What regulations and ethical considerations should I know regarding accounting practice in Minnesota?
  13. What is the continuing educational requirement for accountants in Minnesota?
  14. What career and advancement opportunities are available for accountants in Minnesota?
  15. Other Things You Should Know About Becoming an Accountant in Minnesota

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

To become an accountant in Minnesota, you must complete at least 150 semester hours of postsecondary education, which goes beyond a typical four-year bachelor’s degree. These hours must include at least 30 semester hours in accounting courses, covering core topics like financial accounting, auditing, taxation, and managerial accounting. You also need at least 24 semester hours in general business subjects, such as finance, business law, economics, and management.

Because not all credits count toward the 150-hour requirement, it’s important to choose your courses carefully and ensure they meet the Minnesota Board of Accountancy’s standards. All coursework must come from accredited institutions. Many students meet this requirement by combining a bachelor’s degree in accounting with graduate-level coursework or by pursuing a master of accountancy, which can efficiently satisfy the education requirement while strengthening your credentials.

To stay on track, regularly review the Board’s education guidelines and monitor your progress to make sure you’re meeting both the accounting and business credit minimums. Starting with a clear plan will help you avoid delays and set a solid foundation for CPA licensure and career success in Minnesota.

What are the licensing requirements for accountants in Minnesota?

Becoming a Certified Public Accountant (CPA) in Minnesota is a structured process governed by the Minnesota Board of Accountancy (BOA). As of 2025, candidates must fulfill specific requirements in education, examination, ethics, and experience to obtain licensure. Additionally, Minnesota is considering alternative pathways to CPA licensure to address workforce shortages, though these have not yet been enacted.

Steps to CPA Licensure in Minnesota

1. Meet the Education Requirements

  • Complete at least 150 semester hours of postsecondary education.
  • This must include a minimum of 30 semester hours in accounting subjects (such as financial accounting, auditing, taxation, and managerial accounting) and at least 24 semester hours in business-related courses (like finance, business law, economics, and management).
  • All coursework should be from accredited institutions.

2. Pass the Uniform CPA Examination

  • Apply to sit for the CPA exam through the BOA.
  • Successfully pass all four sections of the exam—Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG).

3. Complete the Ethics Exam

  • After passing the CPA exam, complete a self-study ethics course and exam.
  • This is typically offered through the Minnesota Society of CPAs (MNCPA) and is a requirement for licensure.

4. Gain Required Work Experience

  • Accumulate at least 2,000 hours of work experience in accounting.
  • This experience must be completed over a period of no less than one year and no more than three years.
  • Experience can be gained in public accounting, industry, government, or academia and must be verified by a licensed CPA.

5. Apply for CPA Certification

  • Once all the above requirements are met, submit an application for CPA certification to the Minnesota BOA.
  • Include all necessary documentation, such as transcripts, proof of exam completion, ethics exam results, and verified work experience.

6. Maintain Your CPA License

  • After obtaining your CPA license, fulfill continuing professional education (CPE) requirements to maintain active status.
  • The CPE reporting year runs from July 1 to June 30, and license renewal is due by December 31 each year.

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

In Minnesota's evolving accounting landscape, professionals are expected to possess a blend of technical proficiency and soft skills to meet the demands of modern businesses. As the industry integrates advanced technologies and data-driven strategies, the following skills have become increasingly essential for accountants in the state:

  • Data Analytics and Financial Modeling: Proficiency in tools like Power BI, Tableau, and advanced Excel is crucial for analyzing financial data and aiding strategic decision-making.
  • Technological Proficiency: Familiarity with accounting software such as QuickBooks and Sage, along with an understanding of emerging technologies like AI and automation, is vital for efficient financial management.
  • Strong Communication Skills: The ability to convey complex financial information clearly to stakeholders and collaborate effectively with teams is essential.
  • Adaptability and Flexibility: Being open to change and able to adjust to new regulations, technologies, and business environments ensures continued relevance in the field.
  • Understanding of Regulatory Changes: Staying informed about changes in financial regulations and compliance requirements is necessary to ensure accurate and lawful accounting practices.

Developing these skills will not only enhance your employability in Minnesota's accounting sector but also position you for long-term career growth in an increasingly digital and data-centric industry.

What accounting roles are available in Minnesota?

Minnesota offers a diverse range of accounting roles, catering to various career stages and specializations. From entry-level positions to executive leadership, each role plays a crucial part in maintaining the financial health and compliance of organizations across the state. Below is an overview of key accounting roles commonly found in Minnesota:

  • Bookkeeper: Bookkeepers are responsible for recording and maintaining a company's daily financial transactions. Their duties include managing accounts payable and receivable, reconciling bank statements, and generating financial reports. They ensure that financial records are accurate and up-to-date, providing a clear picture of the company's financial position.
  • Controller: Controllers oversee all accounting-related activities within an organization. They manage financial reporting, budgeting, and internal controls, ensuring compliance with accounting standards and regulations. Controllers play a strategic role in financial planning and analysis, often working closely with senior management to inform decision-making.
  • Technical Accountant: Technical Accountants specialize in complex accounting areas such as revenue recognition, financial reporting, and compliance with accounting standards like GAAP. They often provide guidance on the implementation of new accounting policies and ensure accurate financial disclosures.
  • CPA: CPAs are licensed professionals who perform a range of accounting services, including auditing, tax preparation, and financial consulting. They are authorized to file reports with the Securities and Exchange Commission (SEC) and represent clients before the Internal Revenue Service (IRS).
  • Chief Financial Officer (CFO): The CFO is a senior executive responsible for managing the financial actions of a company. This includes overseeing cash flow, financial planning, and analyzing the company's financial strengths and weaknesses. CFOs play a vital role in strategic planning and often serve as key advisors to the CEO and board of directors.

Each of these roles contributes uniquely to the financial stability and growth of organizations in Minnesota, offering various pathways for career advancement in the accounting field.

For those interested in exploring niche areas, Minnesota also offers opportunities in forensic accounting. Earning a specialized forensic accounting degree can be a valuable asset, especially when combined with practical skills in investigative and analytical procedures. Overall, the state’s diverse economy—from healthcare to manufacturing—supports steady demand for accountants equipped with both technical expertise and local regulatory knowledge.

For aspiring professionals targeting accounting jobs in Minnesota, focusing on certifications, gaining hands-on experience, and understanding state-specific financial regulations are essential steps to securing a successful career.

How much can I earn as an accountant in Minnesota?

Accountants in Minnesota can expect varying earnings based on their experience level and the industry they work in. According to the Minnesota Department of Employment and Economic Development (DEED), accountants working in the leisure and hospitality industry earn around $32.54 an hour or nearly $67,684 per year. Meanwhile, accountants working in the natural resources and mining industries can earn more than $86,200 annually.

Furthermore, entry-level positions, such as junior accountants in public accounting firms or corporate accounting departments, typically offer salaries ranging from $50,000 to $60,000 annually. These roles provide a foundation for growth, especially in larger public accounting firms where structured salary increases and bonuses are common after obtaining certifications like the CPA.

As accountants advance, their salary potential increases markedly. Experienced professionals such as senior accountants, accounting managers, or financial controllers often earn between $85,000 and $110,000 in Minnesota. Specialized fields like forensic accounting or tax advisory services generally command higher wages. Executive roles, including Chief Financial Officers or Directors of Accounting, frequently see compensation exceeding $130,000, particularly within large corporations headquartered in the state.

Salaries can differ depending on the sector. Government accountants in Minnesota usually earn between $60,000 and $90,000, reflecting slightly lower pay compared to the private sector. Nonprofit organizations offer entry-level salaries around $45,000 to $55,000, providing valuable experience but generally lower pay. Industry-specific factors also influence earnings, with financial services and healthcare sectors tending to offer higher wages than education or smaller nonprofits. For anyone evaluating an accountant's salary in Minnesota, it’s important to consider these sectoral variations.

Understanding Minnesota's earning potential across industries and career stages is vital for making practical decisions about education and professional development.

Minnesota accountant salary

What is the job outlook for accountants in Minnesota?

The employment outlook for accountants in Minnesota remains promising, with a nearly 6% job growth expected through 2032, according to Projections Central. This aligns well with the national trend and suggests that those pursuing a career in accounting within the state will find stable opportunities. To position yourself effectively, focus on acquiring foundational accounting skills and gaining familiarity with state-specific financial regulations and tax codes. Understanding the local economic landscape, which includes finance, government, healthcare, and manufacturing sectors, can provide a practical edge when seeking employment.

When considering accountant job growth in Minnesota, it’s important to factor in the cost of living, especially if you plan to work in the Minneapolis-St. Paul metropolitan area. Although the cost of living is moderately higher than the national average due to housing and transportation expenses, the median annual wage of about $76,000 offers a generally comfortable lifestyle. Balancing salary expectations with living costs is a crucial step in your career planning process.

Technology skills are increasingly vital in the accounting profession. Employers value proficiency in accounting software and data analytics, which enhances accuracy and operational efficiency. Additionally, the rise of remote work opportunities expands your potential job market beyond traditional office roles. To stay competitive, seek training and certifications that bolster both your accounting knowledge and your technological capabilities.

For those exploring paths to enter this field, it’s helpful to research specific educational routes. Exploring jobs for accounting majors can provide insight into degree requirements and career options, helping you make informed decisions about your education and professional development.

Which academic programs best prepare accountants for success in Minnesota?

Evaluating academic programs is crucial when planning a career in accounting. Prospective professionals should assess factors such as curriculum quality, faculty expertise, industry partnerships, and opportunities for practical training that align with Minnesota’s regulatory standards and job market. For detailed insights and comparisons of top institutions, refer to the best accounting schools in Minnesota.

Can gaining expertise in forensic science enhance my accounting career in Minnesota?

Accountants in Minnesota aiming to broaden their professional scope may benefit from integrating forensic investigative skills into their expertise. This cross-disciplinary approach can provide valuable insights into fraud detection and financial irregularities, setting professionals apart in competitive sectors. Targeted training—such as forensic scientist education in Minnesota—offers a pathway to acquire advanced analytical techniques that complement traditional accounting practices. Embracing these specialized skills can open doors to niche opportunities and foster career advancement in a dynamic market.

Which professional organizations support accountants in Minnesota?

Accountants in Minnesota can enhance their career trajectory by engaging with targeted professional associations and networking groups. Organizations such as the Minnesota Society of CPAs and local industry-specific groups provide access to mentorship, specialized workshops, and peer collaborations that keep you abreast of emerging market trends. For further academic perspective on career advancement through education and networking initiatives, refer to the best business schools in Minnesota. Participation in these organizations not only aids in fulfilling continuing education requirements but also offers valuable insights into market innovations and operational best practices.

How can legal expertise enhance my accounting practice in Minnesota?

Accountants in Minnesota can benefit significantly from integrating legal expertise into their practice to safeguard interests and navigate complex regulatory environments. Accessing specialized legal insights helps in managing contractual obligations, interpreting financial regulations, and mitigating litigation risks. Professionals may consider collaborating with legal experts or seeking additional training to bolster their understanding of compliance and dispute resolution strategies. For instance, exploring related educational pathways can provide a broader perspective on legal frameworks. Refer to Minnesota paralegal education requirements for further details. Integrating such interdisciplinary approaches reinforces best practices and enhances overall professional credibility.

Which industries are best for accountants in Minnesota?

Minnesota's accounting sector offers diverse opportunities across various industries, each presenting unique benefits in terms of compensation, job availability, and career advancement. Here's an overview of key industries for accountants in the state:

1. Professional and Business Services

This sector is the largest employer of accountants in Minnesota, encompassing firms in consulting, legal services, marketing, and other professional domains.

  • Compensation: Accountants in this industry earn an average annual salary of approximately $84,100.
  • Opportunities: The sector offers robust job availability and diverse career paths, making it an attractive option for both entry-level and experienced accountants.

2. Natural Resources and Mining

While this industry employs a smaller number of accountants—about 30 as of 2025—it offers the highest average wages in the state.

  • Compensation: Accountants here earn approximately $41.46 per hour, translating to about $86,236.80 annually.
  • Considerations: Due to its limited size, opportunities are more competitive, but the higher compensation reflects the specialized nature of the work.

3. Public Administration

This sector includes roles within government agencies at the local, state, and federal levels.

  • Compensation: Accountants in public administration earn over $83,100 annually.
  • Benefits: Positions often come with comprehensive benefits packages and job stability, appealing to those seeking long-term career security.

4. Manufacturing

Employing approximately 2,480 accountants, the manufacturing sector offers roles in cost accounting, inventory management, and financial analysis.

  • Compensation: Accountants in this industry earn more than $83,300 per year.
  • Opportunities: The sector provides opportunities to work with production teams and contribute to operational efficiency.

5. Construction

With approximately 1,480 accountants employed, the construction industry offers roles in project accounting and budgeting.

  • Compensation: Accountants in construction earn around $80,400 per year.
  • Considerations: The sector requires attention to detail and the ability to manage multiple projects simultaneously.

Each of these industries offers distinct advantages for accounting professionals in Minnesota. If you're wondering what type of accountant makes the most money, it's important to compare factors like industry pay scales, specialization, and advancement opportunities. As you consider career paths, let compensation, job availability, and your personal interests guide your decision-making process.

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

To practice accounting ethically in Minnesota, Certified Public Accountants (CPAs) must adhere to specific regulations and standards designed to uphold the integrity of the profession. Below is a concise overview of the key ethical requirements:

1. Ethics Exam Requirement

  • AICPA Professional Ethics Exam: Aspiring CPAs in Minnesota are required to pass the AICPA's "Professional Ethics: The AICPA’s Comprehensive Course (For Licensure)" within six months before or after applying for their CPA certificate. A minimum score of 90% is necessary to pass.

2. Continuing Professional Education (CPE) Ethics Requirement

  • Ethics CPE Credits: Licensed CPAs must complete 120 hours of CPE every three years, which must include at least 8 hours in ethics—either regulatory (technical) or behavioral (non-technical). These ethics credits ensure that CPAs remain informed about ethical standards and practices.

3. Adherence to Ethical Standards

  • AICPA Code of Professional Conduct: Minnesota CPAs are expected to abide by the AICPA Code, which emphasizes principles such as integrity, objectivity, and professional behavior.
  • Minnesota Statutes and Board Rules: CPAs must also comply with state-specific statutes and rules set forth by the Minnesota Board of Accountancy, which outline additional ethical obligations and professional conduct standards.

4. Disciplinary Actions for Ethical Violations

Non-compliance with ethical standards can lead to disciplinary actions by the Minnesota Board of Accountancy, including:

  • License suspension or revocation
  • Fines or penalties
  • Mandatory additional CPE

Such actions are taken to maintain public trust and uphold the profession's integrity.

By understanding and adhering to these ethical requirements, Minnesota CPAs can ensure they maintain the highest standards of professional conduct

What is the continuing educational requirement for accountants in Minnesota?

To maintain an active CPA license in Minnesota, professionals must fulfill Continuing Professional Education (CPE) requirements established by the Minnesota Board of Accountancy. These requirements ensure that CPAs stay current with evolving standards and best practices in the accounting field.

CPE Reporting Period

  • Annual Cycle: July 1 to June 30
  • Reporting Deadline: CPE credits must be reported to the BOA by December 31 each year.

CPE Credit Requirements

  • Total Credits: 120 CPE hours every three-year reporting period.
  • Annual Minimum: At least 20 CPE hours each year.
  • Technical Subjects: A minimum of 60 hours must be in technical fields such as accounting, auditing, business law, economics, finance, information technology, management services, regulatory ethics, specialized knowledge, statistics, and taxes.
  • Ethics: At least 8 hours must focus on ethics, which can be either regulatory (technical) or behavioral (non-technical).
  • Group/Blended Learning: A minimum of 24 hours must be obtained through group or blended learning programs.
  • Approved Sponsors: At least 72 hours must be from BOA-approved sponsors.

Credit Limitations and Policies

  • Self-Study and Nano-Learning: Programs must be from NASBA-approved sponsors.
  • Teaching: Up to 60 credits per three-year period may be claimed for instructor preparation or presentation.
  • Writing: Up to 60 credits per three-year period may be claimed for writing articles, books, or CPE courses for publication.
  • Carryforward: Not permitted.
  • Carryback: Allowed if noncompliance fees are paid; hours can only be counted in the CPE year in which they are applied.

Non-Resident Licensees

Non-resident CPAs holding an active Minnesota certificate meet Minnesota's CPE requirements by fulfilling the CPE requirements of the state where their principal office is located. If that state has no CPE requirements, then Minnesota's requirements apply. This exemption must be requested annually by December 31.

Failure to meet CPE requirements can result in serious consequences, including fines, suspension, probation, or even revocation of your CPA license. If you miss the deadline, you may be required to complete remediation activities before you can renew your license. Keeping detailed records of completed CPE courses is critical for demonstrating compliance during audits or license renewals.

Staying informed about the Board’s current rules and approved CPE providers is a practical step to maintain your license without interruption. Regularly reviewing your progress and scheduling your learning activities strategically will help you stay compliant and maintain your professional credibility in Minnesota’s accounting field.

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

Advancement in the accounting profession in Minnesota often involves a combination of education, certification, and experience:

  • Education: While a bachelor's degree in accounting is the foundation, pursuing a Master of Accountancy (MAcc) can open doors to higher-level positions and specialized roles. Programs like those offered at the Carlson School of Management or other online accounting classes provide comprehensive training and networking opportunities.
  • Certification: Obtaining certifications such as the CPA or CMA demonstrates expertise and commitment to the profession, often leading to increased responsibilities and higher earning potential.
  • Experience: Gaining diverse experience through internships, entry-level positions, and cross-departmental projects can provide a well-rounded skill set, making professionals more competitive for advancement opportunities.
Job outlook for accountants in Minnesota

What do accountants say about their careers in Minnesota?

  • Completing my accounting degree at the University of Minnesota gave me a solid foundation in both theory and practical skills, which proved invaluable when I began working at a local business. The diverse economy here in Minnesota means accountants like me have opportunities in various sectors, from manufacturing to tech startups. I feel proud knowing my work supports the growth of these enterprises and helps strengthen our community’s economy. The stability and career growth available have made this path both rewarding and secure. Kristen
  • After graduating from St. Cloud State University, I started my accounting career in a local enterprise where I quickly learned the importance of adaptability and precision. Minnesota’s unique business environment offers challenges such as seasonal fluctuations and a strong emphasis on sustainability, which have helped me develop specialized skills. This journey has been deeply fulfilling because I can contribute to businesses that prioritize community values and environmental responsibility, making my work feel meaningful beyond just numbers. Rajith
  • The professional development opportunities in Minnesota’s accounting field are outstanding, especially after I earned my degree from Minnesota State University, Mankato. Working within the regional economy has allowed me to advance steadily while building relationships with clients who appreciate my dedication. Being part of Minnesota’s vibrant and supportive business community inspires me daily, and I’m motivated by the chance to help small companies thrive and create local jobs. It’s a career that fuels both my ambition and my passion for positive impact. Elaine

Other Things You Should Know About Becoming an Accountant in Minnesota

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

To apply for the CPA exam in Minnesota, start by verifying that you meet the educational requirement of 150 semester hours, including specific accounting and business courses, as mandated by the Minnesota Board of Accountancy. Next, submit your application to the board along with all necessary transcripts and documentation to confirm your eligibility. Once your application is approved, you will receive an Authorization to Test (ATT), which allows you to schedule the four CPA exam sections: Auditing, Business Environment, Financial Accounting, and Regulation. It’s crucial to prepare thoroughly for each section to maximize your chances of passing. After successfully passing all exam parts, Minnesota requires you to take and pass an ethics exam. Throughout the entire process, maintain consistent communication with the state board and adhere strictly to all deadlines to avoid any delays or issues with your application. Following these steps methodically ensures a smoother path toward becoming a licensed CPA in Minnesota.

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

To take the CPA exam in Minnesota, you need to meet specific educational criteria set by the Minnesota Board of Accountancy. First, complete a minimum of 150 semester hours of college education, which usually means earning a bachelor’s degree focused on accounting and business subjects. Make sure your coursework includes essential topics like financial accounting, auditing, taxation, and business law. Additionally, you must have at least 24 semester hours in accounting courses and 24 semester hours in business-related courses to ensure you have both technical and broad business knowledge. While experience is not required before sitting for the exam, be aware that you will need to fulfill certain experience requirements to obtain licensure after passing. Planning your education and career path with these requirements in mind will keep you on track for becoming a licensed CPA in Minnesota.

  • Minimum 150 semester hours of education including a bachelor’s degree
  • At least 24 semester hours in accounting courses
  • At least 24 semester hours in business courses
  • Experience requirements apply after passing the exam for licensure.

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

When preparing to pass the CPA exam in Minnesota, it’s important to understand the rules around exam attempts to plan your study schedule effectively. Minnesota does not limit the number of times you can attempt each section of the CPA exam, giving you the flexibility to retake sections as many times as needed to achieve a passing score. However, you must complete all four exam sections within an 18-month rolling window starting from when you pass the first section. If you fail to pass all sections within this timeframe, any sections passed outside the window will expire and must be retaken.

To summarize:

  • There is no maximum number of attempts per section.
  • You must pass all four sections within 18 months of passing the first one.
  • Sections passed outside the 18-month window will expire and require retaking.

Keeping track of this timeline is crucial to avoid extra retakes and ensure your efforts lead to licensure efficiently.

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

Yes, you need supervised accounting experience to qualify as a licensed accountant, specifically a Certified Public Accountant (CPA), in Minnesota. The state requires candidates to complete at least one year of qualifying experience, which equals 2,000 hours, under the supervision of a licensed CPA or an equivalent professional. This requirement ensures that you gain hands-on expertise in relevant accounting tasks while adhering to professional and ethical standards.

The types of qualifying experience you can accumulate include:

  • Work related to accounting, attest, compilation, management advisory, financial advisory, tax, or consulting services.
  • Experience gained in various settings such as public accounting firms, private industry, government agencies, or academic institutions.
  • Internships or part-time positions provided they meet the required hourly commitment and are supervised by a licensed CPA.

To meet this requirement effectively, plan to document your hours carefully and ensure your supervisor is licensed and willing to verify your experience. This practical experience complements your education and success on the Uniform CPA Examination, rounding out the qualifications necessary for licensure in Minnesota.

References:

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