Ph.D. Degrees in Accounting in Illinois

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Updated January 5, 2023

Looking for a Doctorate Degree in Accounting in Illinois? You should consider these top-tier PhD programs and jobs in the Accounting field.

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Doctoral Degrees in Accounting in Illinois

Earning a Doctoral Degree in Accounting in Illinois

In today’s competitive world, earning one of the best degrees in Illinois for accounting can make all the difference. You can apply for diverse career opportunities with a doctoral degree. There are many options for individuals who wish to move forward in the career field.

The 6.2% unemployment rate for those with a high school diploma is higher than that for those who hold a doctoral degree.

Accounting Doctorate Programs for You

Working and Living in Illinois in the Accounting Profession

In a world where data and money run the show, businesses are looking for employees who are experienced with fiscal planning, budgeting, and analysis. It is no wonder why getting an accounting degree is one of the most popular academic choices at the moment.

Illinois's median annual salary is $46,630, or $22.42 per hour. This number includes a total of 5,618,830 employees in Illinois. Following this pattern, the Bureau of Labor Statistics (BLS) states that the lowest 10% of earners take home $24,470 and the highest 10% of earners make $103,490. A report on the earnings of accountants and auditors in Illinois is shown below.

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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As stated by MERIC, Illinois is ranked number 13 out of 51 states (including Washington, D.C.). Typically, cost of living indexes measure the average cost of living in specific states compared to the national average. The U.S. average is based on 100, and all locations are either above or below that average. The cost of living index for Illinois is 91.4, which is 8.6% lower than the national average. In the following table, you can compare the cost of groceries, housing, utilities, etc. in Illinois with the average cost in the United States.

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Source: Missouri Research and Information Center
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The profession of accountants and auditors is expected to increase by 6.9% percent over the next decade. Based on BLS projections, the total employment in the occupation will change from 1,392,200 in 2020 to 1,488,200 by 2030. A doctoral degree is sufficient to qualify for these positions. There are a number of typical job titles, including:

  • Accountants and auditors
  • Account Auditor
  • Accountant
  • Auditor
  • Auditor-In-Charge
  • CPA
  • Certified Public Accountant
  • Cost Accountant
  • Field Auditor
  • Financial Accountant

Doctoral Degrees in Accounting in Illinois

#1 Ph.D. Degrees in Accounting in Illinois

Northwestern University

  • Evanston, IL
  • 4 years
  • Online + Campus

The Ph.D. in accounting information and management program at Northwestern University uses an online learning format. With flexible enrollment options, the private school helps degree-seekers earn a doctorate. Doctoral students benefit from support services like career advising.

Learners complete doctoral coursework in the accounting program. After passing comprehensive examinations, doctoral candidates begin working on an original dissertation project. Graduates with a doctorate pursue roles in research, academia, and leadership.

Doctoral students who attend the accredited institution in an online format qualify for several types of financial aid. Contact the program for more information about research support and financial aid.

Northwestern University at a Glance:

Online Student Enrollment: 418

Online Master's Programs: 4

Student-to-Faculty Ratio: 6-to-1

Graduate Tuition Rate: $56,067

Average Tuition
In-state
$58,227
Out-of-state
$58,227
Retention Rate
97%
Admission Rate
9%
Students Enrolled
22,603
Institution Type
Private
Percent Online Enrollment
1% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#2 Ph.D. Degrees in Accounting in Illinois

University of Illinois at Urbana-Champaign

  • Champaign, IL
  • 4 years
  • Online + Campus

The Ph.D. in accountancy program at the University of Illinois at Urbana-Champaign enrolls online learners. With its flexible format, the public university helps degree-seekers complete a doctorate. Doctoral students receive research support throughout the program.

During the program, learners take doctoral courses to earn their degree. After passing comprehensive examinations, doctoral candidates conduct research for their dissertation. Graduates with a doctorate in accounting work in academic, research, and industry positions.

Doctoral students who enroll online at the accredited institution qualify for fellowships, scholarships, and other forms of financial aid. Reach out to the program to learn more about admission requirements.

University of Illinois at Urbana-Champaign at a Glance:

Online Student Enrollment: 20,199

Online Master's Programs: 30

Online Doctoral Programs: 1

Student-to-Faculty Ratio: 20-to-1

Graduate Tuition Rate: $14,997

Average Tuition
In-state
$14,317
Out-of-state
$33,824
Retention Rate
94%
Admission Rate
63%
Students Enrolled
52,679
Institution Type
Public
Percent Online Enrollment
96% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

Financing a Doctoral Degree in Accounting

The benefits of financial aid can help you pay for college. They can take the form of scholarships, grants, fellowships, and work-study programs. Some students qualify for federal and private student loans to pay for college. You should research the colleges you are interested in to find out if they offer scholarships or grants.

Checklist for Maximizing Your Financial Aid:

Average Cost of Attending College in Illinois

In Illinois, tuition and other costs will vary based on which institution you attend. Even so, there are some similarities that exist among institutions of all sizes. You can find out whether attending a public institution is the right choice for you by reviewing the information below.

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

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Illinois
National Average

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Source: National Center for Education Statistics
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What is it like to attend a private college or university? As a general rule, you can expect private schools to be more expensive than public schools. The following graph shows information about attending private universities in Illinois:

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

Key

Illinois
National Average

Chart

Bar chart with 5 bars.
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
End of interactive chart.

Federal Student Loan Information

Have you considered taking out student loans to pay for your education? If you are considering a loan, there are a few things you should keep in mind.

For more information about how much students typically borrow, please review 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
On-campus degrees and online degrees differ primarily in terms of cost and class sizes. There are numerous advantages to studying online, including flexibility, affordability, and convenience. Due to on-campus fees and the fact that distance learners can choose whether or not to pay those fees, on-campus degrees are generally more expensive. Attending classes in person has its advantages as well.

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, Bachelors, Masters
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

There are a number of differences between attending a private college and a public one. Generally, private schools charge more in tuition than public schools. For students at public universities, grants and scholarships help them lower the cost of tuition and fees. There are often merit scholarships available for students with high academic performance at private schools.

In private colleges, students are able to have more personal interaction with faculty. An overview of the pros and cons of attending a private institution versus a public institution is provided below.

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?

It has been reported that the mean annual salary for accountants and auditors in Illinois is $78,430.

Are accounting majors in high demand or not?

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

Are there any opportunities to study for a doctoral degree in accounting online?

It is possible to earn an online doctoral degree in accounting. At least some of many schools' courses are offered online in today's environment.

In order to successfully complete a doctoral degree, how long does it take?

The average doctorate takes 4-6 years for a full-time student to complete. For part-time students, the completion time will vary.

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