Cost of becoming an accountant
If you’re thinking about becoming an accountant, the biggest investment is usually your education. In most cases, you’ll need at least a bachelor’s degree in accounting or a related field to get started.
According to the College Board’s 2024 Trends in College Pricing report:
- Public four-year in-state colleges average $11,260 per year in tuition and fees.
- Public four-year out-of-state colleges average $29,150 per year.
- Private nonprofit four-year colleges average $42,470 per year.
That means the total tuition cost for a four-year accounting degree can range from about $45,000 at a public in-state college to well over $160,000 at a private institution. This doesn’t include room, board, books, or other expenses, which can add thousands more each year.
Once you’ve finished your degree, you might also want to pursue a professional credential, like the CPA (Certified Public Accountant) or CMA (Certified Management Accountant). These certifications usually come with exam and prep costs that range between $1,500 and $3,000.
All in all, you might be spending anywhere from $50,000 to $170,000+ to become an accountant when you factor in tuition, living expenses, and certification costs.
Can you become an accountant for free?
No, you can’t become an accountant for free. As mentioned above, a bachelor’s degree is typically required for an accounting career, so you must invest in your education.
However, you can start learning foundational information for free, especially if you take advantage of these resources:
- Free introductory courses from ACCA, Wharton, or MIT via Coursera and edX allow you to audit lessons and learn from top universities at no cost.
- Open resources like AccountingCoach offer free tutorials, explanations, and quizzes, which are great for building early confidence.
- YouTube tutorials and finance blogs can also help you learn bookkeeping or financial statement concepts for free.
These options won’t earn you a professional credential, but they're excellent for testing the waters before investing in formal certification.