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2024 Most Affordable Accounting Degree Programs Ranking in Milwaukee, WI

Paweł Dąbrowski, Phd

by Paweł Dąbrowski, Phd

Higher Education Data Scientist

Imed Bouchrika, Phd

by Imed Bouchrika, Phd

Chief Data Scientist & Ranking Editor

What can I expect from a Accounting degree in Milwaukee, WI?

Students pursuing an accounting degree in Milwaukee, WI, can expect a comprehensive and engaging educational experience that prepares them for a successful career in finance. Graduates often share their excitement about the challenging coursework, which includes essential subjects like financial accounting, managerial accounting, and auditing. One graduate recalled how the rigorous curriculum at a local university pushed them to develop a deep understanding of financial principles, making them feel confident in their abilities.

  • Mathematical Skills: A strong emphasis on mathematics is a hallmark of these programs. Many students express how courses in algebra, statistics, and calculus were not just numbers on a page; they were tools that helped them analyze real-world financial data. One graduate fondly remembered late-night study sessions where they tackled complex problems, ultimately feeling a sense of accomplishment when they mastered the material.
  • Specialization Options: Students appreciate the flexibility to specialize in areas such as taxation or forensic accounting. A graduate from a well-known Milwaukee college shared how choosing a focus in forensic accounting allowed them to combine their love for investigation with finance, leading to a fulfilling career path.
  • Job Market Outlook: The positive job market outlook is another encouraging aspect. Graduates often mention the excitement of entering a field projected to grow by 11.2% by 2029, with many securing positions even before graduation. One graduate recounted receiving multiple job offers, highlighting the demand for skilled accountants in Milwaukee.
  • Certification Preparation: Many programs are designed to prepare students for certifications like the CPA. A graduate reflected on how the structured preparation not only boosted their confidence but also significantly enhanced their job prospects and earning potential.
  • Degree Levels and Credit Requirements: With optionsranging from certificates to master's degrees, students find a path that suits their goals. One graduate noted that the journey through a bachelor’s program, requiring around 120 credits, was challenging yet rewarding, as it laid a solid foundation for their career.

These experiences illustrate the vibrant and supportive environment for accounting students in Milwaukee, making it an ideal place to pursue this degree.

Where can I work with a Accounting degree?

Graduates with an accounting degree in Milwaukee, WI, can expect to find diverse job opportunities across various sectors, reflecting the city's vibrant economic landscape. Many alumni from local institutions like the University of Wisconsin-Milwaukee and Marquette University have shared their experiences, highlighting the rewarding paths available to them.

  • Public Accounting Firms: A common starting point for graduates is public accounting, where they often join firms that provide auditing, tax, and consulting services. Many graduates recall their internships at local firms, which paved the way for full-time positions, allowing them to work on real client accounts and gain invaluable hands-on experience.
  • Corporate Finance: Graduates frequently find roles in corporate finance within Milwaukee's thriving business community. They often describe their roles as financial analysts or controllers, where they analyze financial data to guide strategic decisions. One graduate mentioned how their position at a local manufacturing company allowed them to directly influence budgeting processes, making their work feel impactful.
  • Government Agencies: Many accounting graduates are drawn to government roles, managing public funds and ensuring compliance with regulations. Alumni have shared stories of working as budget analysts for city agencies, where they contribute to community projects and public service initiatives.
  • Nonprofit Organizations: For those passionate about mission-driven work, nonprofits in Milwaukee offer fulfilling opportunities. Graduates have expressed joy in managing financial reporting and compliance for organizations that align with their values, making their work feel meaningful.
  • Financial Services: The financial services sector is another avenue, with banks and investment firms actively seeking accounting graduates. One graduate recounted their experience in risk management at a local bank, where they utilized theiraccounting knowledge to assess financial risks and contribute to the bank's stability.
  • Consulting: Graduates also find success in consulting firms, providing expertise in financial strategy and operational efficiency. Many have shared how their education equipped them to advise businesses on improving their financial health.

These experiences reflect the robust job market for accounting professionals in Milwaukee, where graduates can thrive in various roles that not only offer competitive salaries but also a sense of purpose and community engagement.

How much can I make with a Accounting degree in Milwaukee, WI?

Graduates with an Accounting degree in Milwaukee, WI, can expect competitive salaries that reflect their skills and the demand for accounting professionals in the region. For instance, a Staff Accountant in Milwaukee earns an average annual wage of $86,740, translating to about $41.70 per hour. This role often serves as a stepping stone for many graduates, providing a solid foundation in financial reporting and analysis.

Many graduates from local institutions, such as the University of Wisconsin-Milwaukee and Marquette University, have shared their experiences transitioning from classroom learning to real-world applications. One graduate recalled how their internship as a Staff Accountant not only solidified their understanding of accounting principles but also led to a full-time position shortly after graduation. This pathway is common among students who take advantage of Milwaukee's vibrant business community.

In addition to Staff Accountants, Bookkeepers also play a crucial role in the accounting landscape, earning an average annual wage of $47,440, or approximately $22.81 per hour. Graduates often find that starting as a Bookkeeper allows them to gain practical experience while pursuing further certifications or advanced degrees. One graduate mentioned how their role as a Bookkeeper provided invaluable insights into the day-to-day operations of businesses, enhancing their skill set and making them more marketable.

Key points to consider for Accounting graduates in Milwaukee, WI:

  • Staff Accountant Average Salary: $86,740 annually / $41.70 hourly
  • Bookkeeper Average Salary: $47,440 annually / $22.81 hourly
  • Internship Opportunities: Many local universities offer robust internship programs that lead to job placements.
  • Networking: Engaging with local accounting firms and alumni networks can open doors to career opportunities.

These experiences highlight the potential for a rewarding career in accounting, with salaries that reflect thevalue of the education and training received at Milwaukee's esteemed institutions.

Table of Contents

2024 Most Affordable Accounting Degree Programs Ranking in Milwaukee, WI

# 1 position

College logo

The Bachelor's program in Accounting at the University of Wisconsin-Milwaukee offers a comprehensive education at a total cost of $32,760 in 2019. With a high acceptance rate of 89%, the program attracts a large pool of applicants, totaling 14,859. 91% of students receive financial aid, making it an accessible option for many. This program provides a strong foundation in accounting for students looking to pursue a career in this field.

# 2 position

College logo

Marquette University offers a Master's degree program in Accounting with a total cost ranging from $57,952 in 2019 to $60,722 in 2021. The program has a 100% financial aid rate and an 86% acceptance rate. In 2023, the program received 16,270 applicants. This program provides a comprehensive education in accounting and is a popular choice for students seeking financial assistance. With a high acceptance rate, it offers a great opportunity for aspiring accountants to further their education at Marquette University.

# 3 position

College logo

Marquette University offers a Bachelor's degree program in Accounting with a total cost of $60,722 in 2021. The program has a 100% financial aid rate, making it accessible to all students. With an acceptance rate of 86%, the program is competitive, attracting 16,270 applicants. As a prospective student, you can expect a strong focus on accounting education at Marquette University, preparing you for a successful career in the field.

# 4 position

College logo

Wisconsin Lutheran College offers a Bachelor's degree program in Accounting with a total cost that has increased over the years, reaching $41,514 in 2021. The program has a high acceptance rate of 98% out of 1363 applicants. All students receive financial aid, making it an accessible option for those in need. With a focus on Accounting, this program provides a comprehensive education in this field. Prospective students can expect a supportive environment and ample opportunities for financial assistance at Wisconsin Lutheran College.

What Accounting degree graduates have to say

  • Katherine: "Studying Accounting at the University of Wisconsin-Milwaukee was a transformative experience for me. The faculty were not only knowledgeable but genuinely invested in our success. I remember late nights in the library, surrounded by my peers, working on group projects that challenged us to think critically and collaboratively. The hands-on learning opportunities, like internships with local firms, allowed me to apply what I learned in the classroom to real-world scenarios. Milwaukee's vibrant business community provided a wealth of networking opportunities, and I graduated with not just a degree, but a solid foundation for my career. I truly felt prepared to step into the professional world."
  • Amy: "My journey at Marquette University was nothing short of incredible. The Accounting program was rigorous, but the support from professors and advisors made all the difference. I loved the small class sizes, which fostered meaningful discussions and personalized feedback. One of my favorite memories was participating in the annual Accounting Challenge, where I got to showcase my skills and connect with industry leaders. The sense of community at Marquette is unmatched, and I formed lifelong friendships with classmates who shared my passion for numbers. Milwaukee's rich culture and diverse economy made my studies even more relevant, and I couldn't have asked for a better place to launch my career."
  • Joshua: "Completing my Accounting degree at Cardinal Stritch University was a pivotal moment in my life. The program emphasized ethical practices and social responsibility, which resonated deeply with my values. I appreciated the flexibility of the curriculum, allowing me to balance my studies with part-time work. The professors were not just educators; they were mentors who guided me through complex topics and encouraged my growth. I also loved the community service projects we engaged in, which helped me understand the impact of accounting beyondthe numbers. Milwaukee's supportive environment and diverse industries provided a perfect backdrop for my education, and I graduated feeling confident and ready to make a difference in the field."

The chart above shows the gender balance (men vs woman) for Stationary Accounting graduates in 2024 in Milwaukee, WI. The plot shows the statistics of graduates summed over all institutions that were included in our ranking and that send the applicants information to IPEDS database.

How long does it take to complete a Accounting degree in Milwaukee, WI?

Completing an Accounting degree in Milwaukee, WI, typically varies based on the level of education pursued. For an associate degree, which is often the first step for many students, it generally takes about two years of full-time study. Institutions like Milwaukee Area Technical College offer robust programs that equip graduates with foundational skills in accounting principles, tax preparation, and financial reporting, making them job-ready in a relatively short time.

For those aiming for a bachelor’s degree, the commitment extends to approximately four years. Universities such as the University of Wisconsin-Milwaukee provide comprehensive accounting programs that delve deeper into advanced topics like auditing, financial management, and forensic accounting. Graduates from these programs often share how the rigorous curriculum and hands-on experiences, such as internships, prepared them for successful careers in various sectors, including public accounting and corporate finance.

If you’re considering further specialization, a master’s degree in accounting can take an additional one to two years. Programs like the Master of Professional Accountancy at Marquette University are designed for those looking to enhance their expertise and meet the 150 credit hours required for CPA licensure. Graduates frequently highlight the networking opportunities and mentorship from experienced faculty as invaluable aspects of their education.

To summarize the timelines:

  • Associate Degree: Approximately 2 years
  • Bachelor’s Degree: Approximately 4 years
  • Master’s Degree: 1-2 additional years

Many graduates express that the journey through these programs not only equipped them with technical skills but also fostered lifelong friendships and professional connections, making their time in Milwaukee both enriching and memorable.

The chart above shows the ethnicity balance for Stationary Accounting graduates in 2024 in Milwaukee, WI. The plot shows the statistics of graduates summed over all institutions that were included in our ranking and that send the applicants information to IPEDS database.

What’s the difference between online and on-campus Accounting degree?

The primary difference between online and on-campus Accounting degrees lies in the mode of delivery and the overall experience. In Milwaukee, students can choose from reputable institutions like the University of Wisconsin-Milwaukee and Marquette University, both offering robust Accounting programs.

Online Accounting Degrees:

  • Flexibility: Online programs allow students to study at their own pace, making it easier to balance work and personal commitments. Graduates often share how this flexibility enabled them to maintain jobs while pursuing their degrees.
  • Accessibility: Students can access course materials anytime, which is particularly beneficial for those who may have family obligations or other responsibilities. Many online programs also offer virtual networking opportunities with peers and faculty.
  • Technology Integration: Online courses often utilize advanced technology, providing students with a modern learning experience. Graduates appreciate the digital skills they acquire, which are essential in today’s job market.

On-Campus Accounting Degrees:

  • In-Person Interaction: On-campus programs foster direct interaction with professors and classmates, creating a collaborative learning environment. Graduates often highlight the value of networking opportunities and face-to-face discussions that enhance their understanding of complex topics.
  • Structured Environment: Traditional programs offer a more structured schedule, which can help students stay focused and motivated. Many students find that the routine of attending classes helps them manage their time effectively.
  • Campus Resources: Students benefit from access to campus resources, such as libraries, study groups, and career services. Graduates frequently mention how these resources played a crucial role in their academic success and job placement.

Ultimately, the choice between online and on-campus Accounting degrees in Milwaukee depends on individual learningpreferences and life circumstances. Both pathways can lead to fulfilling careers in accounting, with graduates from both formats successfully entering the workforce and contributing to the local economy.

Professional Certification and Licensure Pathways

Earning an accounting degree in Milwaukee, WI is only the first step toward advancing your career; obtaining professional certifications like the CPA, CMA, or CIA can dramatically boost your marketability and salary potential. In Wisconsin, CPA licensure requires 150 semester hours of education, passing all four sections of the Uniform CPA Exam, and one year of supervised work experience. Many Milwaukee programs integrate exam review courses—covering auditing, financial accounting, regulation, and business environment—into their curricula to help students pass on the first attempt. To meet the 150-credit requirement, some graduates choose to pursue a master’s degree that aligns with licensure prerequisites. For example, students seeking a cost-effective path to satisfy credit hour mandates can explore our Inexpensive Online Master's in Accounting Degree Programs Ranking in the South, which highlights programs designed for CPA preparation. Specialized electives in ethics, advanced taxation, and forensic accounting also offer targeted exam prep and real-world applications, strengthening both professional credentials and practical skills. Beyond the CPA, certifications such as the Certified Management Accountant (CMA) and Certified Internal Auditor (CIA) require a combination of education, examination, and relevant work experience. Milwaukee institutions frequently partner with organizations like the Institute of Management Accountants (IMA) and the Institute of Internal Auditors (IIA) to provide discounted exam fees, study groups, and networking events. By strategically selecting courses and leveraging campus or online resources, students can streamline their journey from degree completion to professional licensure.

What is the average cost of a Accounting degree in Milwaukee, WI?

The average cost of obtaining an accounting degree in Milwaukee, WI, can vary significantly based on the type of institution chosen. For students pursuing a degree at a public university, the median in-state tuition for accounting programs is approximately $6,892. This affordability allows many graduates to focus on their studies without the heavy burden of student debt, enabling them to enjoy their college experience fully.

For those considering private institutions, the financial landscape shifts. While the costs can be higher, many graduates from these programs often highlight the personalized attention and networking opportunities they received, which can be invaluable in the accounting field. Understanding the average cost of accounting degree in Milwaukee is crucial for prospective students as they plan their educational journey.

Here are some typical costs associated with different types of institutions in Milwaukee:

  • Public Four-Year Institutions: The total annual cost, including tuition, fees, and living expenses, can average around $26,030. Graduates from these programs often share how the supportive campus environment and access to experienced faculty helped them thrive academically.
  • Private Nonprofit Institutions: The average cost here can reach about $55,840 per year. Graduates frequently mention the strong alumni networks and career services that helped them land internships and job placements.
  • Two-Year Colleges: For those opting for an associate degree, attending a public two-year college typically costs around $16,090 annually. Many graduates appreciate the hands-on experience and practical skills gained during their studies, which prepared them for entry-level positions in accounting.
  • Online Programs: Students looking for flexibility may find online programs appealing, with costs averaging around $10,000 at public institutions. Graduates often express how this format allowed them to balance work and study effectively.For those interested in furthering their education, exploring options like online MBA programs with no GMAT can be beneficial.

In addition to tuition, students should also budget for textbooks, supplies, and certification exam fees, which can add to the overall cost of earning an accounting degree. By understanding these financial aspects, prospective students in Milwaukee can make informed decisions about their educational investments and future careers in accounting. This knowledge of tuition fees for accounting programs in Milwaukee will help students navigate their options more effectively.

Financial Planning and Budgeting for Accounting Students in Milwaukee, WI

To ensure a smooth educational journey, it's essential for accounting students in Milwaukee, WI, to have a solid understanding of financial planning and budgeting. Creating a budget that accounts for tuition, living expenses, and other costs associated with pursuing an accounting degree can significantly reduce financial stress. Students can start by exploring the most affordable accounting schools in Wisconsin, which can help minimize debt and make their educational goals more achievable. By prioritizing needs over wants and taking advantage of financial aid options, students can maintain a healthy financial balance while focusing on their studies. Effective financial planning also involves saving for certification exams, such as the CPA, and considering the potential return on investment for their degree. With careful budgeting and planning, accounting students in Milwaukee can set themselves up for long-term financial success and make the most of their educational investment.

What financial aid is available to Accounting degree students in Milwaukee, WI?

Students pursuing an Accounting degree in Milwaukee, WI, have access to a wealth of financial aid options that can significantly alleviate the costs associated with their education. Remarkably, 100% of Accounting degree students in the area receive some form of financial support, making it easier for them to focus on their studies rather than financial stress.

  • Federal Financial Aid: The federal government allocates over $112 billion annually for financial assistance, including loans, grants, and work-study opportunities. Completing the FAFSA is essential for students to determine their eligibility for these funds. One graduate recalled how filling out the FAFSA opened doors to federal grants that covered a substantial portion of their tuition.
  • Grants: Grants, such as the Federal Pell Grant, are particularly beneficial as they do not require repayment. A graduate shared their experience of receiving a Pell Grant, which significantly reduced their financial burden, allowing them to concentrate on their coursework without the worry of accumulating debt.
  • State and Local Grants: Wisconsin residents can tap into state-specific grants tailored for local students. A graduate mentioned how they were able to secure a state grant that not only helped with tuition but also provided funds for textbooks, making their college experience much more manageable.
  • Scholarships: Numerous scholarships are available for Accounting majors, especially for underrepresented groups. One graduate expressed gratitude for a scholarship they received based on community service, which not only eased their financial load but also motivated them to continue giving back to the community.
  • Fellowships and Assistantships: Graduate students can benefit from fellowships and assistantships, which offer financial support in exchange for teaching or research duties. A graduate recounted how their assistantship provided a tuition waiver and a stipend, allowing them to gainvaluable experience while pursuing their degree.
  • School-Based Financial Aid: Many Milwaukee institutions offer their own financial aid programs. A graduate from a local university shared how a school-specific scholarship made a significant difference in their ability to afford their Accounting degree, highlighting the importance of researching available opportunities.

By leveraging these financial aid resources, students in Milwaukee can navigate the costs of their Accounting education with confidence and peace of mind.

Accreditation and Quality Assurance

Accreditation serves as a key indicator of an accounting program’s academic rigor and industry recognition. Prospective students should prioritize institutions that hold regional accreditation from bodies such as the Higher Learning Commission (HLC), ensuring that coursework meets broad educational standards and that credits are transferable. Beyond regional approval, specialized accreditation from organizations like AACSB (Association to Advance Collegiate Schools of Business), ACBSP (Accreditation Council for Business Schools and Programs), or IACBE (International Accreditation Council for Business Education) demonstrates a program’s commitment to excellence in accounting education. Programs accredited by AACSB are often lauded for their research intensity and faculty qualifications, while ACBSP and IACBE accreditations emphasize teaching quality and student outcomes. Graduates from these programs typically benefit from stronger employer recognition, streamlined pathways to CPA licensure, and eligibility for certain scholarships and federal grants. When evaluating affordability alongside quality, it’s important to verify that lower tuition does not come at the expense of these critical quality markers. For those considering advanced degrees, accredited online formats can offer the flexibility and credential recognition needed to advance rapidly. Many students find that enrolling in the most affordable online master’s in accounting not only reduces debt load but also maintains the high accreditation standards required for CPA exam eligibility and competitive job placement. Before committing, review each program’s accreditation status on the U.S. Department of Education’s Database of Accredited Postsecondary Institutions and Programs (DAPIP) and confirm that your chosen school’s accounting curriculum aligns with Wisconsin’s Board of Accountancy requirements for CPA credit. This due diligence ensures that your investment in an affordable degree yields both quality education and long-term career value.

Exploring the Value of an Associate Degree in Accounting

An increasing number of students are choosing an associate degree in accounting as a cost-effective and accelerated pathway to launch their careers in finance within Milwaukee. This program offers the practical skills necessary to excel in entry-level roles while providing a flexible option for those who wish to advance their education later. With lower tuition costs and a shorter duration compared to bachelor's programs, many students quickly gain the foundational knowledge required to work in accounting, positioning themselves for growth in various financial disciplines. In fact, starting your journey with an associate degree opens up diverse associate in accounting career options that can lead to roles such as bookkeeping, accounting clerk, or financial assistant—each offering hands-on experience that is highly valued by employers. These programs are designed with real-world applications in mind, integrating modern technology and current industry standards to ensure graduates are job-ready from day one. As the accounting field continues to evolve, an associate degree not only enhances employability but also provides a strategic stepping stone for further certifications and advanced studies, making it an ideal choice for those ready to make a significant impact on their future careers.

What types of specializations are available in a Accounting program in Milwaukee, WI?

Students pursuing an accounting degree in Milwaukee, WI, have the opportunity to specialize in various fields that align with their career aspirations and interests. With a total of 99,265 accounting degrees awarded in 2021, the demand for specialized knowledge in this profession is evident. Here are some key specializations available in local programs:

  • Public Accounting: Graduates often share their experiences of working with diverse clients, from small businesses to large corporations. One graduate recalled the thrill of preparing tax returns during peak season, emphasizing the importance of obtaining a CPA certification to enhance credibility in the field.
  • Management Accounting: Students focusing on this area frequently describe their roles in budgeting and strategic planning within organizations. A graduate mentioned how analyzing financial data helped their company streamline operations, showcasing the impact of management accountants on business performance. For those interested in this path, understanding the CMA certification process can be beneficial.
  • Forensic Accounting: This specialization attracts those interested in investigative work. A graduate recounted their excitement in uncovering financial fraud, working closely with law enforcement to resolve complex cases. This blend of accounting and detective work makes forensic accounting a compelling choice for many.
  • Tax Accounting: Graduates in this field often highlight the satisfaction of helping clients navigate intricate tax regulations. One student shared their experience of representing a client during an audit, emphasizing the critical role tax accountants play in ensuring compliance and peace of mind for their clients. The affordable accounting specializations in Milwaukee provide students with various options to explore this field further.
  • Auditing: Many students pursuing auditing describethe meticulous nature of their work, ensuring financial statements are accurate and compliant. A graduate reflected on the rewarding feeling of contributing to a company’s integrity by verifying its financial records.

These specializations not only equip students with targeted skills but also prepare them for the competitive job market in Milwaukee. By choosing a path that resonates with their personal interests, students can embark on fulfilling careers in the accounting profession. The diverse Milwaukee accounting degree program options available ensure that students can find a specialization that aligns with their goals and aspirations.

How do you choose the best Accounting degree program in Milwaukee, WI?

When selecting an accounting degree program in Milwaukee, WI, students should consider several key factors that can significantly influence their educational experience and career prospects.

  • Accreditation: Graduates emphasize the importance of choosing an accredited program, as it ensures the education meets high standards. One graduate recalled how their accredited program opened doors to internships and job offers, enhancing their employability. This is particularly important when looking for affordable accounting programs Milwaukee has to offer, as accreditation can impact the overall value of the degree.
  • Curriculum and Specializations: A well-rounded curriculum is crucial. Students should look for programs that cover essential topics like financial accounting and auditing, while also offering specializations such as data analytics. A graduate shared how their program’s focus on data analytics gave them a competitive edge in job interviews, making it easier to stand out among graduates from the best accounting degrees Milwaukee WI.
  • Internship Opportunities: Practical experience is invaluable in accounting. Programs that facilitate internships with local businesses can provide hands-on learning. One graduate noted that their internship at a Milwaukee firm not only solidified their accounting skills but also helped them build a professional network, which is vital in a competitive job market.
  • Degree Level: The choice between a bachelor’s and a master’s degree can shape career trajectories. While a bachelor’s degree may suffice for entry-level roles, a master’s degree is often necessary for CPA licensure. A graduate mentioned how pursuing a master’s allowed them to qualify for advanced positions that require CPA certification.
  • Program Format: Students should consider their learning preferences. On-campus programs offer direct interaction, while online options provide flexibility. A graduate who chose a hybrid program appreciatedthe balance of structured learning and the ability to manage personal commitments. For those interested in furthering their education, options like an online MBA in health services management can also be explored.
  • Financial Aid and Tuition Costs: Understanding the financial aspects is essential. Graduates recommend exploring scholarships and state aid, especially for Wisconsin residents who benefit from lower in-state tuition rates.
  • Career Support Services: Effective career services can make a significant difference. Graduates highlighted how their programs’ career support helped them secure internships and job placements, crucial for gaining experience in the accounting field.

With the number of unique CPA Exam takers declining from 72,271 in 2021 to 67,335 in 2022, choosing the right program becomes even more critical for aspiring accountants in Milwaukee.

What career paths are available For Accounting graduates in Milwaukee, WI?

Graduates of accounting programs in Milwaukee, WI, have a wealth of career paths available to them, reflecting the diverse skills they acquire during their studies. Many start their journey as accountants, where they prepare financial statements and manage budgets. One graduate shared how their first role as an accountant at a local firm allowed them to develop a strong foundation in financial reporting, leading to a promotion within just two years.

Career paths available to accounting graduates in Milwaukee include:

  • Auditors: Graduates often transition into auditing roles, verifying financial records for compliance. A graduate recounted how their auditing position at a regional firm provided them with invaluable experience in assessing financial integrity, paving the way for future leadership roles.
  • Financial Analysts: Many graduates find themselves analyzing financial data to guide investment decisions. One graduate noted that their analytical skills honed during their degree helped them secure a position as a financial analyst, where they now contribute to strategic planning for a major corporation.
  • Budget Analysts: This role is crucial for organizations looking to allocate resources efficiently. A graduate shared their experience of working as a budget analyst for a nonprofit, emphasizing the satisfaction of ensuring that funds were used effectively to support community initiatives. This role is just one of the many job opportunities for accounting graduates in Milwaukee.
  • Financial Examiners: With a growing demand for compliance professionals, graduates can pursue careers as financial examiners, ensuring institutions adhere to regulations. One graduate mentioned how this role allowed them to make a significant impact on consumer protection.
  • Forensic Accountants: Some graduates venture into forensic accounting, investigating financial discrepancies. A graduate described the thrill of working on high-profile cases,collaborating with law enforcement to uncover fraud.
  • Chief Financial Officers (CFOs): With experience and advanced education, graduates can aspire to executive roles like CFO, overseeing financial strategies. A graduate reflected on their journey from entry-level accountant to CFO, highlighting the importance of continuous learning and networking.

In addition to these roles, the most in-demand positions in Milwaukee include accounting managers, accounts payable specialists, accounts receivable specialists, and bookkeepers. The median salary for accountants and auditors in 2023 was approximately $79,880, with a projected job growth of 4% by 2032, indicating a stable and promising career landscape for accounting graduates in the region. For those considering their educational paths, exploring an economics degree job opportunities can also provide valuable insights into the financial sector.

Overall, the diverse career options available to accounting graduates in Milwaukee reflect the robust nature of the field, making it an attractive choice for students. As the demand for skilled professionals continues to grow, graduates can look forward to a bright future in various accounting roles.

What career paths are available For  Accounting graduates in Milwaukee, WI?

What is the job market For Accounting degree graduates in Milwaukee, WI?

The job market for accounting graduates in Milwaukee, WI, is robust, reflecting a broader national trend of strong demand for financial professionals. Graduates can expect a variety of opportunities in the region, with several key factors shaping the landscape:

  • Job Availability: Milwaukee is part of a thriving job market, with approximately 135,000 positions for accountants and auditors anticipated annually across the U.S. This influx is largely driven by retirements and career transitions, ensuring that new graduates have ample opportunities to enter the field. The strong demand for accounting job opportunities in Milwaukee makes it an ideal location for recent graduates.
  • Diverse Career Paths: The accounting sector in Milwaukee offers a range of roles, from entry-level positions like bookkeeping to advanced roles such as financial managers. One local accountant shared how they started as an auditing clerk and quickly moved up the ladder, highlighting the potential for growth within the industry. This diversity in career prospects for accounting graduates in Milwaukee allows individuals to find a path that suits their skills and interests.
  • Competitive Salaries: While specific salary data for Milwaukee isn't provided, graduates can look to metropolitan areas with higher mean annual wages, such as San Jose ($116,320) and New York ($114,280), as benchmarks. Many accounting roles in Milwaukee also offer competitive salaries, with numerous positions exceeding $100,000, especially for those who advance into managerial roles.
  • Work Flexibility: In 2023, only a third of finance and accounting positions offered flexible work arrangements, including a hybrid model. This can be a consideration for graduates seeking work-life balance. A local professional recounted how their firm recently adopted a hybrid model, allowing them to work from home part of the week, which significantly improved their job satisfaction.
  • Talent Shortage: Theaccounting field faces challenges, including a talent shortage due to professionals leaving for better pay or less demanding hours. This has prompted companies in Milwaukee to increase entry-level salaries and offer incentives, making it an attractive time for new graduates to enter the workforce.

Overall, the accounting job market in Milwaukee is characterized by strong demand, diverse career paths, and competitive salaries, making it an appealing choice for students considering this field. For those also exploring educational opportunities, you might want to check out the best business marketing programs in Florida as a complementary option.

Other Things You Should Know

How can Accounting students in Milwaukee, WI maximize their learning experience?
  • Engage with Local Accounting Firms: Milwaukee is home to numerous accounting firms, including prominent names like Baker Tilly and Wipfli. Students should seek internships or part-time positions to gain practical experience, which can enhance their understanding of theoretical concepts learned in class.
  • Utilize University Resources: Institutions such as the University of Wisconsin-Milwaukee and Marquette University offer extensive resources, including tutoring centers, libraries, and career services. Taking advantage of these can provide additional support and guidance throughout the academic journey.
  • Join Professional Organizations: Becoming a member of local chapters of organizations like the Wisconsin Institute of Certified Public Accountants (WICPA) can provide networking opportunities, access to workshops, and insights into industry trends that are crucial for career development.
  • Participate in Study Groups: Collaborating with peers in study groups can deepen understanding of complex accounting topics. Sharing different perspectives and problem-solving approaches can lead to a more comprehensive grasp of the material.
  • Attend Workshops and Seminars: Many universities and local organizations host workshops on topics such as tax preparation, auditing, and financial analysis. Participating in these events can provide practical skills and knowledge that are directly applicable to the accounting field.
  • Leverage Online Learning Platforms: Students should explore online resources like Coursera or LinkedIn Learning for supplemental courses in accounting software, data analysis, and other relevant skills. This can enhance their technical proficiency and marketability.
  • Engage in Community Service: Volunteering for organizations that require accounting assistance, such as non-profits or community centers, can provide real-world experience while also benefiting the community. This dual approach can enrich a student’s resumeand personal growth.
  • Seek Mentorship: Connecting with experienced professionals in the field can provide invaluable insights and guidance. Many universities have mentorship programs that pair students with alumni or local professionals who can offer advice and support.
  • Stay Informed on Industry Trends: Following local business news and trends in Milwaukee can help students understand the economic landscape and how it impacts accounting practices. This knowledge can be beneficial during interviews and networking events.
  • Focus on Specializations: Students should consider specializing in areas such as forensic accounting, tax accounting, or auditing. Programs at institutions like Marquette University offer specialized courses that can set students apart in the job market.
How to prepare For the job market after completing a Accounting degree in Milwaukee, WI?
  • Gain Practical Experience: Engage in internships or part-time positions while studying. Institutions like the University of Wisconsin-Milwaukee and Marquette University often have partnerships with local businesses, providing students with valuable hands-on experience that enhances employability.
  • Network Actively: Attend local accounting events, workshops, and seminars hosted by organizations such as the Wisconsin Institute of CPAs. Building connections with professionals in the field can lead to job opportunities and mentorship.
  • Obtain Relevant Certifications: Consider pursuing certifications like the CPA (Certified Public Accountant) or CMA (Certified Management Accountant). These credentials are highly regarded and can significantly boost your job prospects in Milwaukee’s competitive market.
  • Utilize Career Services: Take advantage of career services offered by your college. They often provide resume workshops, interview preparation, and job placement assistance tailored to accounting graduates.
  • Stay Updated on Industry Trends: Follow accounting news and trends through resources like the Journal of Accountancy. Understanding current developments can make you a more attractive candidate to employers.
  • Join Professional Organizations: Become a member of local chapters of professional organizations, such as the American Institute of CPAs (AICPA). Membership can provide access to job boards, networking events, and continuing education opportunities.
  • Develop Soft Skills: Focus on enhancing communication, teamwork, and problem-solving skills. Employers in Milwaukee value candidates who can effectively collaborate and convey complex information clearly.
  • Tailor Your Resume and Cover Letter: Customize your application materials for each job you apply to. Highlight relevant coursework, internships, and skills that align with the specific requirements of the position.
  • Leverage Online Job Portals: Use platformslike LinkedIn, Indeed, and Glassdoor to search for accounting positions in Milwaukee. Regularly updating your profile and engaging with industry content can increase your visibility to potential employers.
  • Consider Graduate Education: If you aim for advanced positions, think about pursuing a master’s degree in accounting or an MBA with a focus on accounting. This can provide a competitive edge and open doors to higher-level roles.
How to find internships in Milwaukee, WI relevant to a Accounting degree?
  • Utilize University Resources: Institutions like the University of Wisconsin-Milwaukee and Marquette University often have dedicated career services that provide internship listings, resume workshops, and networking events tailored for accounting students. Engaging with these resources can significantly enhance your chances of finding relevant opportunities.
  • Networking Events and Career Fairs: Attend local career fairs and networking events specifically focused on accounting and finance. Organizations such as the Wisconsin Institute of CPAs (WICPA) frequently host events where students can connect with potential employers and industry professionals.
  • Online Job Portals: Websites like Handshake, Indeed, and LinkedIn are valuable tools for finding internships. Filter your search by location (Milwaukee) and field (accounting) to discover opportunities that match your qualifications and interests.
  • Professional Associations: Join local chapters of professional organizations such as the American Institute of CPAs (AICPA) or the Association of Chartered Certified Accountants (ACCA). These groups often provide internship listings, mentorship programs, and networking opportunities that can lead to internships.
  • Leverage Social Media: Follow local accounting firms and businesses on platforms like LinkedIn and Twitter. Many companies post internship opportunities on their social media pages, and engaging with their content can help you stand out.
  • Cold Outreach: Research accounting firms in Milwaukee, such as Baker Tilly or CliftonLarsonAllen, and reach out directly. Craft a professional email expressing your interest in internship opportunities, even if they are not publicly advertised. This proactive approach can sometimes yield unexpected results.
  • Internship Programs: Look for structured internship programs offered by larger firms. Many companies in Milwaukee have established internship programs specifically designed foraccounting students, providing hands-on experience and mentorship.
  • Local Community Colleges: Institutions like Milwaukee Area Technical College (MATC) may offer internship placement services for students enrolled in accounting programs. These services can connect you with local businesses seeking interns.
  • Alumni Networks: Tap into the alumni networks of your university. Alumni often have insights into internship opportunities and may be willing to help current students navigate the job market in Milwaukee.
  • Job Shadowing: Consider job shadowing professionals in the accounting field. This experience can provide valuable insights into the industry and may lead to internship opportunities through personal connections.
How does studying For a Accounting degree in Milwaukee, WI prepare For interdisciplinary roles?

Studying for an accounting degree in Milwaukee, WI, equips students with a diverse skill set that is essential for interdisciplinary roles across various sectors. Here’s how:

  • Comprehensive Curriculum: Programs at institutions like the University of Wisconsin-Milwaukee and Marquette University offer courses that blend accounting principles with business management, finance, and economics. This interdisciplinary approach fosters a well-rounded understanding of how accounting interacts with other business functions.
  • Real-World Applications: Many accounting programs in Milwaukee emphasize experiential learning through internships and co-op opportunities. Students gain practical experience in diverse environments, such as non-profits, corporations, and government agencies, preparing them for roles that require collaboration across disciplines.
  • Analytical Skills Development: Accounting education focuses heavily on data analysis and critical thinking. Students learn to interpret financial data, which is crucial for roles in data analytics, risk management, and strategic planning, where insights from accounting inform broader business decisions.
  • Communication Proficiency: Effective communication is a key component of accounting programs. Students are trained to present complex financial information clearly to stakeholders from various backgrounds, enhancing their ability to work in interdisciplinary teams.
  • Ethics and Compliance Knowledge: Understanding ethical standards and regulatory compliance is vital in today’s business landscape. Accounting programs in Milwaukee incorporate these elements, preparing graduates for roles in compliance, auditing, and corporate governance that intersect with legal and ethical considerations.
  • Technology Integration: With the rise of accounting software and financial technologies, students learn to use various tools that are applicable in multiple fields. Familiarity with software like QuickBooks orSAP can open doors to roles in IT, project management, and financial consulting.
  • Networking Opportunities: Milwaukee’s vibrant business community provides ample networking opportunities through local accounting associations and events. Engaging with professionals from different sectors can lead to interdisciplinary career paths and collaborations.
  • Focus on Sustainability and Social Responsibility: Many programs now include coursework on sustainability accounting and corporate social responsibility, preparing students for roles that require an understanding of environmental and social governance (ESG) factors, which are increasingly relevant across industries.

By pursuing an accounting degree in Milwaukee, students not only gain specialized knowledge but also develop versatile skills that are applicable in a variety of interdisciplinary roles, making them valuable assets in the job market.

What options do students based in Milwaukee, WI have For studying Accounting abroad?
  • Study Abroad Programs: Many universities in Milwaukee, such as the University of Wisconsin-Milwaukee and Marquette University, offer study abroad programs specifically tailored for accounting students. These programs often include partnerships with institutions in countries like the UK, Australia, and Canada, allowing students to earn credits while experiencing international business practices.
  • Exchange Programs: Students can participate in exchange programs that facilitate a semester or year abroad at partner universities. For instance, the University of Wisconsin-Milwaukee has established exchanges with institutions like the University of Leeds and the University of Queensland, where students can take accounting courses that align with their degree requirements.
  • Internships Abroad: Opportunities for internships in accounting firms or multinational corporations are available through various study abroad organizations. Programs like AIFS and CEA offer placements in cities such as London and Sydney, providing practical experience in diverse accounting environments.
  • International Accounting Standards: Studying abroad allows students to gain insights into international accounting standards (IFRS) and practices. Institutions like the London School of Economics and the University of Melbourne offer specialized courses that focus on global accounting frameworks, enhancing students' understanding of the field.
  • Language Immersion Programs: For students interested in international accounting, language immersion programs in countries like Spain or France can be beneficial. These programs often combine language courses with business classes, equipping students with the skills to navigate accounting in a foreign language.
  • Cultural Exposure: Studying accounting abroad provides invaluable cultural exposure, which is essential in today’s globalized economy. Students can learn about different business cultures and practices, which canenhance their employability in multinational firms.
  • Financial Aid and Scholarships: Many universities offer financial aid and scholarships specifically for study abroad programs. For example, the University of Wisconsin-Milwaukee provides various scholarships for students pursuing international studies, making it more affordable for accounting students to explore global opportunities.
  • Networking Opportunities: Studying abroad can significantly expand a student’s professional network. Institutions like the University of Sydney and the University of Edinburgh often host career fairs and networking events, connecting students with industry professionals and potential employers in the accounting field.

See What Experts Have To Say About Studying Accounting

Read our interview with Accounting experts

John Wermert, Ph.D., CPA

John Wermert, Ph.D., CPA

Accounting Expert

Associate Professor of Accounting

Middle Tennessee State University

Daniel Szpiro

Daniel Szpiro

Accounting Expert

Professor of Practice

Cornell University

Yaw M. Mensah

Yaw M. Mensah

Accounting Expert

Professor and Interim Vice Dean for Strategic Partnerships

Rutgers Business School

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