Accounting Degrees in Maine

Beal College

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99 Farm Road
(207) 947-4591

Institution Type:

2-year, Private for-profit

Accounting Degrees Offered:

Associate degree in Accounting

Accrediting Agency:

Accrediting Council for Independent Colleges and Schools

Central Maine Community College

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1250 Turner Street
(207) 755-5100

Institution Type:

2-year, Public

Accounting Degrees Offered:

Associate degree in Accounting

Accrediting Agency:

New England Association of Schools and Colleges, Inc.

Husson University

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1 College Circle
(207) 941-7000

Institution Type:

4-year, Private not-for-profit

Accounting Degrees Offered:

Bachelor's degree in Accounting, Bachelor's degree in Accounting/Computer Information Systems, Associate degree in Accounting

Accrediting Agency:

New England Association of Schools and Colleges, Inc., Commission on Institutions of Higher Education

Kaplan University-Maine Campus

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265 Western Ave
(207) 774-6126

Institution Type:

4-year, primarily associate's, Private for-profit

Accounting Degrees Offered:

Master's degree in Accounting, Bachelor's degree in Accounting, Associate degree in Accounting, Graduate Certificate in Accounting

Accrediting Agency:

The Higher Learning Commission of the North Central Association of Colleges and Schools

Kennebec Valley Community College

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92 Western Ave
(207) 453-5000

Institution Type:

2-year, Public

Accounting Degrees Offered:

Associate degree in Business Administration - Accounting Option

Accrediting Agency:

New England Association of Schools and Colleges, Inc., Commission on Institutions of Higher Education

Northern Maine Community College

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33 Edgemont Dr
(207) 768-2700

Institution Type:

2-year, Public

Accounting Degrees Offered:

Associate degree in Accounting Information Systems

Accrediting Agency:

New England Association of Schools and Colleges, Inc.

Saint Joseph’s College of Maine

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278 Whites Bridge Rd
(207) 892-6766

Institution Type:

4-year, Private not-for-profit

Accounting Degrees Offered:

Bachelor's degree in Business Administration in Accounting

Accrediting Agency:

New England Association of Schools and Colleges, Inc.

Thomas College

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180 W River Rd
(207) 859-1111

Institution Type:

4-year, Private not-for-profit

Accounting Degrees Offered:

Associate degree in Accounting, Bachelor's degree in Accounting, Bachelor's degree in Accounting and Financial Analysis, Bachelor's degree in Forensic Accounting, Bachelor's degree in Managerial Accounting, Bachelor's degree in Public Accounting

Accrediting Agency:

New England Association of Schools and Colleges, Inc. Commission on Institutions of Higher Education

University of Maine

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168 College Avenue
(207) 581-1110

Institution Type:

4-year, Public

Accounting Degrees Offered:

Bachelor's degree in Accounting, MBA Accounting Track

Accrediting Agency:

New England Association of Schools and Colleges, Inc.,

University of Maine at Augusta

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46 University Dr
(207) 621-3000

Institution Type:

4-year, Public

Accounting Degrees Offered:

Certificate in Accounting

Accrediting Agency:

New England Association of Schools and Colleges, Inc. Commission on Institutions of Higher Education

University of Maine at Presque Isle

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181 Main St
(207) 768-9400

Institution Type:

4-year, Public

Accounting Degrees Offered:

Bachelor's in Business Administration - Accounting Concentration

Accrediting Agency:

New England Association of Schools and Colleges

University of Southern Maine

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96 Falmouth St
(207) 780-4141

Institution Type:

4-year, Public

Accounting Degrees Offered:

Bachelor's degree in Accounting, MBA with Accounting Concentration, Certificate in Accounting

Accrediting Agency:

New England Association of Schools and Colleges, Inc. Commission on Institutions of Higher Education

York County Community College

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112 College Drive
(207) 646-9282

Institution Type:

2-year, Public

Accounting Degrees Offered:

Associate degree in Accounting

Accrediting Agency:

New England Association of Schools and Colleges

Educational Requirements

Becoming a CPA in Maine requires not only passing the four-part Uniform CPA Exam, but also fulfilling educational and other requirements for licensure. The Maine Board of Accountancy is the public governing body for these professionals in the state. As of February 2012, the educational requirements to satisfy for CPA licensure in Maine have changed. New applicants can find more information at the Maine Board of Accountancy website, or, specifically, in this document detailing the recent alterations. Current educational requirements include the completion of a bachelor’s degree from an accredited, Board-approved college or university, containing at least 150 semester hours of coursework. Fifteen of these hours must be in accounting, auditing, and business ethics.

Salary

Accountants in Maine can have salary expectations similar to national averages. The average annual salary of a CPA in Maine in 2011 was $60,110, according to the Bureau of Labor Statistics. The top 10% of earners in the state commanded average accountancy salaries of $92,410. The bottom 10% of accounting salaries in Maine hover near $34,000. The metropolitan area of Bangor finds lower than average annual salaries, at $56,320 in 2011. In southwest Maine, salaries are a bit higher. While there were only 3,320 accountants employed in Maine in 2011, the population of the Northeastern state is much lower than most other states.

CPA Licensing in Maine

Becoming a CPA in Maine requires a bachelor’s degree (at minimum), two years of verified experience, and passage of the Uniform CPA Exam. The Office of Professional and Occupational Regulation lists the requirements for CPA licensure in Maine here. The Maine Board of Accountancy also contains information, helpful links, and several resources. To become a licensed CPA in Maine, all prospective applicants must meet the following requirements:

  • Obtain an approved, accredited bachelor’s degree, completing at least 150 semester hours of coursework. At least 15 hours must be in auditing, accounting, and the field of business ethics. Specific educational requirements can be found by clicking here.
  • Prepare all transcripts for review upon sitting for the CPA Exam.
  • Successfully complete the four-part Uniform CPA Exam.
  • Complete two years of public accounting work experience. In Maine, all prospective CPAs must complete at least 400 hours of auditing experience, review, and compilation. Additionally, 200 hours of the experience requirement must be completed through working in advisory services.
  • Submit application for licensure.
  • Payment of all fees for licensure, application, and a criminal background check. Fee schedules are available through the Office of Professional and Occupational Regulation.
  • Note: Some states are identified as “substantially equivalent,” and licensed CPAs in these states may also practice in Maine, subject to permits and Board approval. More information about reciprocal licensure can be found here.

Continuing Education Requirements

According to the Maine Board of Accountancy and the Office of Profession and Financial Regulation, Maine CPAs must renew their license annually. In order to renew their license to practice public accountancy, all CPAs in Maine must complete at least 40 hours of continuing professional education each year. Licenses can be renewed electronically here.

Accounting Jobs in Maine

Maine is a state with a lower population and population density than many places in the United States, which can affect employment opportunities for accountants. Tourism, shipbuilding, electronics, and the financial sector are just a few industries in Maine that require licensed CPAs. The Maine Society of Certified Public Accountants updates CPAs in the state with news, events, and prospective career opportunities, especially to its members. Nationwide, accounting jobs should remain in constant, steady demand, with a projected growth rate of approximately 16%.