Earning a CPA License in Washington is a powerful step toward a thriving accounting career in a state renowned for its robust economy and diverse industries. Certified Public Accountants (CPAs) in Washington are in high demand, particularly in tech hubs like Seattle, Bellevue, and Spokane, across sectors such as technology, finance, and aerospace. This article explores the career paths, salary expectations, and steps to obtain your CPA License in Washington, optimized for aspiring accountants aiming to excel in this dynamic profession.
Why Pursue a CPA License in Washington?
Washington’s economy, with a 2024 GDP of approximately $725 billion, ranks among the top for business innovation, driven by giants like Microsoft, Amazon, and Boeing. A CPA License in Washington enhances professional credibility, unlocks senior-level roles, and boosts earning potential by 10-15% compared to non-certified accountants. With over 27,510 accountants and auditors employed and a projected 15% job growth through 2028, creating approximately 5,060 annual openings, Washington’s job market for CPAs is vibrant, fueled by a national CPA shortage.
Career Opportunities for CPAs in Washington
A CPA License in Washington opens doors to diverse career paths across multiple sectors. Here are some key opportunities:
1. Public Accounting
CPAs in public accounting provide auditing, tax preparation, and consulting services. Washington hosts Big Four firms (Deloitte, EY, KPMG, PwC) in Seattle, alongside regional firms like Moss Adams and Anastasi, Moore & Martin, serving clients from startups to global corporations.
2. Corporate Accounting
CPAs work in-house for Washington-based companies, such as Starbucks or Russell Investments, managing financial reporting, budgeting, and compliance. These roles thrive in technology, retail, and aerospace industries.
3. Forensic Accounting
Forensic accountants investigate financial fraud and disputes, often collaborating with law firms or government agencies. In Washington, these roles offer salaries ranging from $85,000 to $130,000, reflecting their specialized expertise.
4. Government and Nonprofit Roles
CPAs in Washington’s government sector, such as the Department of Revenue, or nonprofit organizations like universities, ensure compliance and manage public funds, offering stability and mission-driven work.
5. Financial Advisory and Consulting
With a CPA License in Washington, you can specialize in tax planning, investment analysis, or business consulting, roles in high demand in Seattle, where controllers earn median salaries of $146,400.
6. Academia
CPA-licensed educators are sought after at universities like the University of Washington due to faculty retirements and growing student interest in accounting.
Salary Expectations for CPAs in Washington
A CPA License in Washington significantly boosts earning potential. The average CPA salary in Washington is approximately $104,176 annually, with top earners reaching $127,050. Here’s a breakdown by role and experience:
- Entry-Level CPAs: Starting salaries range from $60,000 to $75,000, with Big Four firms offering higher pay due to complex client portfolios.
- Mid-Level CPAs (3-5 Years): CPAs with a few years of experience earn $75,000–$95,000, particularly in auditing or tax roles.
- Senior-Level CPAs: Senior accountants or controllers with 6+ years of experience earn $95,000–$146,400, with controllers in Seattle reaching $170,350–$208,000.
- Executive Roles: Chief Financial Officers (CFOs), often CPAs, earn median salaries of $208,000, with top earners in Seattle exceeding $250,000.
Salaries are higher in metro areas like Seattle ($106,100 average), Mercer Island, and Issaquah, where CPAs earn up to 8.1% above the state average due to demand and cost of living. Specializations like tax or financial technology yield additional premiums.
Requirements for a CPA License in Washington
To earn a CPA License in Washington, candidates must meet the requirements set by the Washington State Board of Accountancy. The requirements include:
- Education:
- Complete 150 semester hours, including a bachelor’s degree with 24 semester hours in accounting (15 upper-level or graduate, covering financial accounting, auditing, taxation, and managerial accounting) and 24 hours in business courses (e.g., finance, economics).
- Candidates can sit for the CPA Exam with 120 semester hours, allowing completion of the remaining hours later.
- CPA Exam: Pass all four sections of the Uniform CPA Exam (Auditing and Attestation, Financial Accounting and Reporting, Regulation, and one Discipline Exam: BAR, ISC, or TCP) with a minimum score of 75 within 30 months. Exam fees total $1,170.56 ($120 application, $262.64 per section).
- Work Experience: Complete one year (2,000 hours) of experience in public accounting, industry, government, or academia, verified by a Washington-licensed CPA with at least five years of licensure. Experience must involve accounting, auditing, or tax services.
- Ethics Exam: Pass the AICPA Professional Ethics Exam with a score of 90 or higher.
- Additional Requirements: Submit transcripts, experience verification, and a $330 license fee. No U.S. citizenship or residency is required, making licensure accessible to diverse candidates.
Maintaining Your CPA License in Washington
To maintain a CPA License in Washington, CPAs must renew triennially by April 30 for a $230 fee and complete 120 hours of Continuing Professional Education (CPE) over three years, including 20 hours annually, four hours in ethics, and eight hours in accounting/auditing for attest practitioners. The Washington Society of CPAs (WSCPA) offers CPE resources and networking opportunities.
Why Now Is the Time to Earn Your CPA License in Washington
Washington’s accounting job market is booming, with a 15% growth rate through 2028, driven by tech and retail giants and a need for investment and tax planning services. The ability to sit for the CPA Exam with 120 credit hours makes the CPA License in Washington accessible, while advancements in AI and data analytics increase demand for CPAs with specialized skills in auditing and advisory services.
How to Get Started
- Verify Eligibility: Submit an education evaluation application ($90 fee) to NASBA to confirm exam eligibility.
- Prepare for the CPA Exam: Use review courses from providers like Becker, UWorld, or SuperfastCPA to prepare for the four-part exam.
- Gain Experience: Secure a qualifying position under a licensed CPA in public accounting, industry, government, or academia.
- Pass the Ethics Exam: Complete the AICPA Professional Ethics Exam and submit results to the Washington Board.
- Apply for Licensure: Submit a license application ($330 fee) with all required documentation to the Washington Board via NASBA.
For detailed guidance, visit acb.wa.gov or contact NASBA at (866) 350-0017.
Conclusion
A CPA License in Washington is your gateway to diverse, high-paying career opportunities in a state with a thriving economic landscape. With competitive salaries, a strong job market, and accessible licensure requirements, now is the perfect time to pursue your CPA license. Start your journey today to unlock the full potential of a CPA License in Washington and build a rewarding career in accounting!