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Accounting Careers in Indiana

Written by AnonymousMay 12, 2011

Examining Accounting Careers in Indiana

Indiana lost a few accountants over the years, but the state still managed to gain higher salaries and more opportunities. Roughly 250 accounting jobs disappeared between 2006-2009, but salaries increased by more than $6,000. Some areas fared better than others. Indianapolis, Gary, and Fort Wayne are some of the best cities for aspiring accountants in Indiana.

To get your foot in the door at an Indiana firm, you must have a bachelor’s degree or higher from an accredited U.S. college or university with a major in accounting or a related field. While a bachelor’s degree is a good start, many top Indiana firms look for candidates with a master of accountancy (MAcc) or an MBA with an accounting focus.

Salary Trends for Accountants in Indiana

Accountants across the U.S. averaged $67,430 in 2009. Indiana accountants averaged $62,580 (up from $56,320 in 2006), making it one of the highest paid states for accountants in the U.S. Accountants living in the largest metropolitan areas in Indiana average $64,670-$67,570 per year. They are:

  • Indianapolis: $67,570
  • Gary: $64,670
  • Fort Wayne: $60,720

Indiana’s major metropolitan areas are home to more than half of the state’s accountants. Accountants will find the best opportunities in these cities, so consider taking the Indiana CPA licensing exam as soon as you’ve met the state’s education requirements.

Employment Trends for Accountants in Indiana   

There are 18,280 accountants living in Indiana, down from 18,530 in 2006. Many live in Indianapolis (8,370), Fort Wayne (1,450), Gary (1,280), South Bend (910), and Evansville (900). Although the field lost 250 jobs between 2006-2009, the industry in the U.S. overall is expected to expand by 22 percent between now and 2018.

Career Outlook

Company policies and practices are now under a microscope thanks to the economic crisis and high profile ethical catastrophes such as Enron and Bear Stearns. The economic crisis has also led many companies to re-examine their policies and practices and government agencies are keeping a closer watch too. As a result, the demand for accountants in the U.S., especially forensic accountants, has increased and will continue to in the coming years.

So what exactly do forensic accountants do? They are responsible for investigating white-collar crimes such as money laundering, bankruptcy and securities fraud, and embezzlement. They also appear as expert witnesses during trials.

For more information about what it takes to become an accountant in Indiana, visit the Indiana State Board of Accountancy.

Note: The statistics in this article are taken from the Bureau of Labor Statistics