Accounting Schools in Maryland
Maryland Accounting Schools
Baltimore, MD 21202-3651
Many institutions in Maryland issue accounting degrees for those who successfully complete the requirements. The institutions range from community colleges that issue certificate or associate degrees for accounting to universities that issue associate, Bachelor’s, Master’s and/or doctorate degrees. Most positions in accounting; however, require at least an accounting Bachelor’s degree.
In Maryland, licensed accounting professionals must pass a certified public accounting (CPA) exam after completing 30 additional credit hours beyond a Bachelor’s degree. Most Bachelor’s degrees consist of earning 120 credits in typical courses such as:
- principles of accounting
- business statistics
- micro- and macro-economics
- accounting systems
- ethics in accounting
Total Accounting Students: 16,711
Average Tuition: $12,101
Average Scholarship Package: $5,140
Average Grant Amount: $7,372
Average Classroom Size: 16 Students
Average Online Tuition: $12,101
Online Undergraduate Programs: 31
Online Graduate Programs: 19
Loyola University Maryland
University of Maryland – Baltimore County
• 3,906 Students Currently Attending
• $2,462 Annual Tuition Charges
• $28,582 Average Financial Aid Award
Salary and Job Outlook for Accountants in Maryland
Maryland’s accountants earned an average salary of $76,250 as of May 2020, which is about $3,000 more than the national average for this profession. The top earning accountants in Maryland (90th percentile) – largely held by pros with advanced degrees, extensive experience, and senior-level titles – was $129,940 during this time.
Some of the highest earning accountants as of May 2020 were in the California-Lexington Park metro area, where they earned an average salary of $89,260. Those in the top 10% here earned about $133,450. Note that these salaries reflect only base salaries and not the salary incentives that tend to add considerably to an accountant’s overall compensation package.
Between 2018 and 2028, the number of Maryland accountants is projected to increase by 10% – that’s about two and a half times the national projected average for this profession during this time. The state expects to see about 3,630 annual job openings for accountants during this ten-year period leading to 2028 due to a combination of new job growth, retirements, and natural job turnover.
Accountants have responsibilities that include examining financial statements for accuracy, maintaining financial records, and upholding their company’s tax responsibilities. Private and public businesses or industries and government agencies hire accountants. Some of the roles held by Maryland’s accountants include:
- Cost Estimators– People employed in this classification must be detail oriented and very organized. They collect data on how the company or agency compensates its workers and disburses its capital. The data is then analyzed and scrutinized to find areas to improve the financial performance of the company.
- Management Analysts– This classification of accountants collaborates with the management personnel of a company or agency to improve profits by sharing studied results of how to reduce costs and increase revenue. Efficient operation of the company is the main purpose of an analyst; thereby, setting up the company to be more competitive and successful.
- Post-Secondary Teachers– Those who want to instruct others in accounting can have a career with institutions beyond the high school education level. In addition to instructing students, these instructors oversee research and write about their findings for publication. A doctorate degree is usually required for those employed as post-secondary teachers.
May 2020 Bureau of Labor Statistics salary and job market data for accountants and auditors represents state data, not school-specific information.
Job growth projections for 2018-2028 sourced from the U.S. Department of Labor-sponsored O*Net database represents state data, not school-specific information.
Conditions in your area may vary. Data Accessed May 2021.