There are well over half-a-million licensed Certified Public Accountants in the US according to a recent study performed by the National Association of State Boards of Accountancy. This is roughly the population of El Paso, TX!
This data was assembled from NASBA’s interstate database that holds records from all 55 state boards and licensing authorities except four: Hawaii, Wisconsin, Utah, and Delaware. These four states have approved the interstate information sharing process, but have yet to be implemented into the system.
- 1.Becker CPA Review Course Endorsed by Big 4 Accounting Firms
- 2.Surgent CPA Prep Course Best Technology + Save $1,100
- 3.Gleim CPA Review Course Most Task-Based Simulations
- 4.Roger CPA Review Courses Best for Engaging Video Lectures
How Many CPA Licenses in the USA?
I know what you are thinking. If this is the total of all CPA licenses in the USA, won’t it be double counting the CPAs who are licensed in multiple states? Great question, but each state board of accountancy already thought about that and made sure not to double count individuals licensed in more than one state.
This 2016 figure is up since the 2006 data that showed 646,520 active and licensed public accounting professionals in the United States. This increase is a good sign for public accountancy as a profession, and a good sign for the financial industry overall. However, it isn’t that impressive all things considered.
What Does This Trend Mean?
Generally, the growing trend of people obtaining CPA licensure in the USA and entering the profession would be a good thing. However, growth has become stagnant over the last few years, only growing at a rate of 1 percent. Ultimately, this isn’t a large boom by any means.
Actually, if you look back to the 1990s, the total number of first time licensed CPAs in the USA has declined about 20 percent. This means fewer people are taking the Uniform CPA examination each year as compared with prior years.
In other words, people are becoming CPAs at a lesser rate than in previous decades. It’s unclear as to what is causing this decrease in people becoming certified. However, it is clear that several steps in the certification process have changed since the 1990s.
For example, most states now require additional work experience requirements and 150 college credit hours to become licensed. These increased licensing requirements have most likely contributed to this decline.
Furthermore, there are many more career options available for accounting services than in the 1990s. For example, computer science engineers and programmers were not nearly as big as they are today. Consequently, these careers might be pulling potential future CPAs away from the profession.
Keep in mind that just because the rate of people obtaining CPA licenses in the USA for the first time is slowing down, it doesn’t mean that accounting jobs are going anywhere.
Get Discounts On CPA Review Courses!
Save $1,100 off Surgent CPA Ultimate Pass!
Gleim CPA Premium Review Discount – Save $600
Save $310 – Fast Forward Academy CPA Discount
SAVE $165 On Yaeger CPA Review
Crush Exclusive: Save $200 off Universal CPA Review
Roger CPA Review Save $570 off Premier!
Roger CPA Review Save $300 off Premier!
Lambers CPE: 20% off 2-Year & 10% off 1-Year
Lorman CPE: Save 10%
Surgent EA Ultimate Pass Review Coupon Code – Save
Surgent EA Premier Pass Review Coupon Code – Save
$340 off Surgent CMA Ultimate Pass Review!
Gleim CMA Premium Review Discount – Save $320
Save 15% OFF PPI2PASS SE Review Material Discount Code
Save 15% OFF PPI2PASS PE Review Material Discount Code
Save 15% OFF PPI2PASS FE Review Material Discount Code
Save 25% OFF Aceable Agent Real Estate School
Save 20% off ALL COURSES: Mbition Real Estate Appraisal,
Save 35% off McKissock Learning Appraisal Education
Save 40% off The CE Shop Real Estate
Save 20% OFF Prep Agent Real Estate Course!
10% Off AYPO Real Estate
10% OFF 360training Real Estate Pre-License and Exam Prep
10% goleansixsigma.com Discount (Black,Yellow,Green,White,Lean)
Save $725 off Surgent CPA Premier Pass!
Save $350 off Surgent CPA Essential Pass!
PM PrepCast CAPM Discount
$240 off Surgent CMA Review Premier Pass
$100 off Surgent CIA Review Course
Get 22% OFF CMA Exam Academy!
Save 10% on Grey Campus Self-Learning Courses
Save 10% on Grey Campus Live-Online and Live
The Agile PrepCast Elite for PMI-ACP Discount
Surgent EA Premier Pass Review Coupon Code – Save
Save $31 Gleim EA Review
Save $300 & Get 1-Year FREE Continuing Education of
Get 1-Year FREE Continuing Education of Enrolled Agent Review
Brain Sensei $25 OFF PMP Course!
Brain Sensei 5% OFF CAPM Course!
$50 off Exams PM Live Course
Save $90 off Edumind PMP Review
LSATmax only $67/month
Save $400 with LSATmax 10 hour Tutoring Package
Alpha Score LSAT Coupon Code
Princeton Review Ultimate LSAT Test Prep Promo Code –
Save $150 On Kaplan LSAT
10% OFF ExamsPM Offer (PMP or CAPM Certification)
Save 10% off Bar Prep Hero Bar Review Products!
Save 10% or up to $100 off Quimbee Bar
Princeton Review Ultimate GMAT Test Prep Promo Code –
Save up to $225 on Kaplan DAT
Princeton Review CFA® Test Prep Promo Code – Save
$48 Off Gleim CIA Review Discount
10% off Achievable Series 7 Exam Review
10% off Achievable SIE Exam Review
Save 10% off Series Exam Prep at Securities Institute
Roger CPA Financing Offer
Got CPA Exam Questions? Get Answers!
Princeton Review Ultimate DAT Test Prep Promo Code –
$200 Off Prep Expert SAT Courses!
$200 Off Prep Expert ACT Review Course!
20% off OnCourse Learning Mortgage Education
How Many Accountants are CPAs?
Accounting jobs in the US and internationally keep increasing year over year according to the US Bureau of Labor and Statistics.
There are roughly 1.3M accountants in the US and only about 650,000 CPAs. Thus, approximately 50 percent of all accountants are licensed CPAs.
No Better Time to Become a CPA
There’s no better time to become a CPA than right now. The worldwide demand for certified public accountants is at an all-time high. The overall growth might be slowed slightly, but the total demand is still growing.
The US Bureau of Labor and Statistics estimates that the demand for accounting experience will increase upwards of 10 percent in the next 5 years. With all of the new government regulations from healthcare to retirement savings, there is no question that number will be even higher. Business Insider reported that accountants will be the number 1 demanded career over the next 10 years.
CPAs are not only needed domestically; they’re also needed internationally. Candidates from more than 100 countries around the world are taking the CPA exam, so they can prepare SEC filings for international companies and global accounting firms.
If you aren’t a CPA yet, you should seriously consider joining the profession. But before you can become one, you will have to pass the CPA exam. Here are the most helpful study courses that candidates have used to pass the exam. Check them out.