Bachelors Degrees in Accounting in Illinois

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Updated January 5, 2023

Looking for a Bachelor's Degree in Accounting in Illinois? You should consider these top-tier undergraduate programs and jobs in the Accounting field.

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Bachelor's Degrees in Accounting in Illinois

Earning a Bachelor's Degree in Accounting in Illinois

Earning a degree in Illinois for Accounting can help you improve your career prospects. Bachelor's degrees can lead to diverse career paths, and students gain the skills necessary to move into advanced roles.

A bachelor's degree-holder is more likely to be employed than those with only a high school diploma.

Accounting Bachelor's Programs for You

Working and Living in Illinois in the Accounting Profession

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information useful in making business decisions. Classes typically cover topics, such as financial accounting, managerial accounting, tax accounting, and auditing. Financial accounting focuses on the preparation of financial statements that are used to provide information about the financial performance of a business. Managerial accounting focuses on the use of accounting information to make decisions about the allocation of resources. Tax accounting focuses on the determination of the tax liability of a business. Auditing focuses on the evaluation of the financial statements of a business.

Illinois's median annual salary for all occupations is $46,630 a year, or $22.42 an hour for those that work in management. This number includes a total of 5.6 million employees from the state. U.S. Bureau of Labor Statistics (BLS) data shows that the lowest 10% of earners in the state earn about $24,470, while the highest 10% earn about $103,490. The following are statistics for accountants and auditors in Illinois.

Key

Accountants and Auditors in Illinois
Accountants and Auditors Nationally
All Occupations in Illinois
All Occupations Nationally

Salaries for Accountants and Auditors in Illinois and Nationwide

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Source: Bureau of Labor Statistics
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Based on the cost-of-living index by MERIC, Illinois is ranked number 13 out of 51 states (including Washington, D.C.) on the list of states with the lowest cost of living. A cost-of-living index measures the average cost of living in the U.S. against the cost of living in specific regions of the country. According to the U.S. average, all locations are either above (more expensive) or below (less expensive) than average. On a 100 point scale, Illinois has a cost-of-living index of 91.4, which is -8.6% lower than the national average. Cost-of-living expenses in Illinois vary depending on the location.

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Source: Missouri Research and Information Center
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Over the next decade, accountants and auditors can expect a growth rate of 6.9% in their profession. The BLS projects that the occupation's total employment will change from 1.4 million in 2020 to 1.5 million in 2030. You need to have a bachelor's degree to qualify for these positions. An example of a typical job title would be:

Bachelor's Degrees in Accounting in Illinois

#1 Bachelors Degrees in Accounting in Illinois

Aurora University

  • Aurora, IL
  • 4 years
  • Online + Campus

Aurora University operates a main campus in Aurora, offering a total of 48 bachelor's programs in both face-to-face and online formats. The school's accounting degree (bachelor of science) prepares students for the demands of a career through rigorous study, relevant coursework, and other learning opportunities. The accounting BS program prepares students for their post-graduate path, whether that is an accounting-specific career or graduate studies.

Students can receive guidance during their studies through career services, academic advising, and other resources. Prospective students also may be eligible for funding options, such as scholarships, fellowships, and grants.

Aurora University at a Glance:

Type of school: Private not-for-profit, 4-year or above

Admission Rate: 87%

Student-Faculty Ratio: 19-to-1

Undergrad Tuition In State: $24,800

Undergrad Tuition Out of State: $24,800

Average Alumni Earnings After Six Years: $39,200

Average Tuition
In-state
$25,600
Out-of-state
$25,600
Retention Rate
78%
Admission Rate
84%
Students Enrolled
6,265
Institution Type
Private
Percent Online Enrollment
93% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#2 Bachelors Degrees in Accounting in Illinois

DePaul University

  • Chicago, IL
  • 4 years
  • Online + Campus

Students seeking flexible study can choose from in-person or online bachelor's degree programs at DePaul University. The school's bachelor of science in business (BSB) degree in accountancy equips students with the skills needed to succeed in a career. The program prepares students for their post-graduate path, whether that be an accounting-specific career or graduate studies.

Students can access career services, academic advising, and other institutional resources throughout their studies. Students can also meet with the financial aid office to explore funding opportunities and determine eligibility.

DePaul University at a Glance:

Type of school: Private not-for-profit, 4-year or above

Admission Rate: 68%

Student-Faculty Ratio: 16-to-1

Undergrad Tuition In State: $40,551

Undergrad Tuition Out of State: $40,551

Average Alumni Earnings After Six Years: $46,000

Average Tuition
In-state
$40,551
Out-of-state
$40,551
Retention Rate
83%
Admission Rate
70%
Students Enrolled
21,922
Institution Type
Private
Percent Online Enrollment
99% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#3 Bachelors Degrees in Accounting in Illinois

Greenville University

  • Greenville, IL
  • 4 years
  • Online + Campus

Greenville University, a private college located in Greenville, Illinois, supports both in-person and online learning across 51 bachelor's degree programs. The bachelor of science in accounting is one of many robust degree programs offered by the not-for-profit college, equipping students with industry-relevant knowledge. Students can also apply their knowledge by pursuing a master's degree.

Students can receive guidance during their studies through career services, academic advising, and other resources. Students can also meet with the financial aid office to explore funding opportunities and determine eligibility.

Greenville University at a Glance:

Type of school: Private not-for-profit, 4-year or above

Admission Rate: 56%

Student-Faculty Ratio: 11-to-1

Undergrad Tuition In State: $27,580

Undergrad Tuition Out of State: $27,580

Average Alumni Earnings After Six Years: $33,200

Average Tuition
In-state
$28,406
Out-of-state
$28,406
Retention Rate
67%
Admission Rate
59%
Students Enrolled
994
Institution Type
Private
Percent Online Enrollment
62% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#4 Bachelors Degrees in Accounting in Illinois

McKendree University

  • Lebanon, IL
  • 4 years
  • Online + Campus

From its main campus in Lebanon, McKendree University provides in-person and remote learning opportunities across 51 bachelor's degree programs. The bachelor's degree in accounting is one of many robust degree programs that equip students with industry-relevant knowledge. Students can pursue an accounting-relevant career or go on to study at the graduate level.

The institution connects students with success-oriented resources, such as career services and academic advising, throughout their studies. Prospective students may be eligible for funding options, such as scholarships, fellowships, and grants.

McKendree University at a Glance:

Type of school: Private not-for-profit, 4-year or above

Admission Rate: 63%

Student-Faculty Ratio: 14-to-1

Undergrad Tuition In State: $30,540

Undergrad Tuition Out of State: $30,540

Average Alumni Earnings After Six Years: $39,200

Average Tuition
In-state
$31,100
Out-of-state
$31,100
Retention Rate
76%
Admission Rate
70%
Students Enrolled
2,200
Institution Type
Private
Percent Online Enrollment
28% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#5 Bachelors Degrees in Accounting in Illinois

Western Illinois University

  • Macomb, IL
  • 4 years
  • Online + Campus

Western Illinois University, a public college located in Macomb, supports both in-person and online learning across 72 bachelor's degree programs. The school's bachelor of business in accountancy program equips students with industry-relevant skills and knowledge through foundational and advanced coursework and experiential learning opportunities. After completing the program, students can apply their knowledge to a career or graduate studies.

Students can access institutional support services throughout the duration of the program. Enrollees can also explore financial aid opportunities, such as scholarships and fellowships, depending on eligibility. Financial aid enables student success, with 88% of all students receiving aid and 51% of all enrollees graduating.

Western Illinois University at a Glance:

Type of school: Public, 4-year or above

Admission Rate: 57%

Student-Faculty Ratio: 13-to-1

Undergrad Tuition In State: $8,627

Undergrad Tuition Out of State: $8,627

Average Alumni Earnings After Six Years: $37,000

Average Tuition
In-state
$8,712
Out-of-state
$8,712
Retention Rate
77%
Admission Rate
67%
Students Enrolled
7,490
Institution Type
Public
Percent Online Enrollment
87% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

Financing a Bachelor's Degree in Accounting

Many opportunities for financial aid help students cover college costs. Scholarship, grant, fellowship, or work-study programs help many students lower the cost of a degree. Some students also use federal and private student loans to pay for school. The colleges you are interested in may also have their own scholarships available. It is always a good idea to do your research ahead of time and find out what kinds of financial aid might be offered.

Checklist for Maximizing Your Financial Aid:

Average Cost of Attending College in Illinois

College tuition in Illinois varies based on which institution you attend. There are some similarities that exist among institutions in both the public and private sectors. Take a look at the information below to decide whether attending a public institution is the right choice for you.

Public 4-Year School Tuition Rates: Illinois vs. National Average

Key

Illinois
National Average

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The chart has 1 Y axis displaying annual salaries in USD.
Source: National Center for Education Statistics
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How about attending a private college or university instead of one that is public? The cost of education at private colleges is often higher. Take a look at the following graph to learn more about private colleges in Illinois.

Private 4-Year School Tuition Rates: Illinois vs. National Average

Key

Illinois
National Average

Chart

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The chart has 1 X axis displaying salary types.
The chart has 1 Y axis displaying annual salaries in USD.
Source: National Center for Education Statistics
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Federal Student Loan Information

Would it be wise to take out student loans to pay for a degree? You should take certain things into consideration before taking out a loan.

You can determine what students typically borrow by reviewing the data below.

Undergraduate Federal Loans
Demographic Percent who borrowed Amount borrowed
Total 66.6% $27,400
Female 69.6% $28,100
Male 62.5% $26,500
White, not Hispanic or Latino 66.1% $26,700
Black, not Hispanic or Latino 85.7% $34,800
Hispanic or Latino/a, of any race 67.7% $25,700
Asian, not Hispanic or Latino 43% $22,700
Other or Two or more races, not Hispanic or Latino 70.4% $28,300
Source: NCES

Online vs. On-Campus

Pros and Cons: Online Degrees

Pros

  • Cheaper tuition
  • Flexible, asynchronous classwork
  • No on-campus fees for parking, tech, etc.

Cons

  • Less structure
  • Minimal peer-to-peer interaction
  • Less facetime with professor
  • No access to on-campus amenities

Pros and Cons: On-Campus Degrees

Pros

  • Gym, library, etc. access
  • Smaller class options
  • Face time with peers and professors

Cons

  • More expensive
  • Transportation or housing costs
  • Rigid scheduling
Among the main differences between an online degree and a degree completed on campus is the cost of the degree. Numerous advantages can be gained from online degree programs, including flexibility, affordability, and ease of use. There is usually a higher cost associated with on-campus degrees because of student fees. The benefits of attending classes, however, are numerous.

Top Accounting Degree Options Available by State
State Degree Level
California Associate, Bachelors, Masters, Doctorate
Florida Associate, Bachelors, Masters
Georgia Associate, Bachelors, Masters, Doctorate
Illinois Associate, Masters, Doctorate
New York Associate, Bachelors, Masters, Doctorate
North Carolina Associate, Bachelors, Masters
Pennsylvania Associate, Bachelors, Masters, Doctorate
Texas Associate, Bachelors, Masters, Doctorate
Virginia Associate, Bachelors, Masters, Doctorate
Washington Associate, Bachelors, Masters

Private vs. Public

Public and private colleges differ in many ways. The cost varies depending on whether you choose a public or private school for your education. The cost of education at a public college can be offset by grants and scholarships. It is common for private institutions to charge tuition to their students, but merit scholarships are often available to students who demonstrate superior academic performance.

As a result of their smaller class sizes, professors at private colleges are often more available to students. Consider the pros and cons of attending a private institution versus a public one.

Pros and Cons

Private

  • Unique program offerings
  • Cultural or religious options
  • Local prestige
  • Higher costs
  • Less regulatory oversight

Public

  • Government-issued tuition costs
  • Government funding, benefits, and regulation
  • Oftentimes large classrooms

Frequently Asked Questions

How much do accountants and auditors make in Illinois?

The mean annual salary for accountants and auditors in Illinois is $78,430.

Are accounting graduates in high demand or not?

The total number of accountants and auditors is expected to change by 6.9% from 2020 to 2030.

Can you study for a bachelor's in accounting online?

A bachelor's degree in accounting can be earned online. Most schools in today's environment offer some form of online education.

In order to complete a bachelor's degree, how long does it typically take?

Typically, a bachelor's degree takes four years to complete, but the time needed varies by student.

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