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Online MBA Programs in New Jersey

Accounting.com

Accounting Degrees in New Jersey

Introduction

New York may receive more attention, but New Jersey is a major player in the worlds of business and finance, boasting the eighth-highest state GDP and 21 Fortune 500 companies, including huge names like Johnson & Johnson, Prudential Financial, and the pharmaceutical company Merck. More than 1,800 financial firms are found in the state, and all the “Big Four” international CPA firms (Deloitte & Touche, KPMG, PricewaterhouseCoopers, and Ernst & Young) maintain offices there. New Jersey is also home to some of the largest firms in the region, including Withum, SaxBST, Wiss & Co., and Untracht Early. More than 36,600 accountants and auditors work in the state, and they earn a competitive mean annual wage of $88,940.

New Jersey at a glance

Population8,944,000
Per Capita Income$37,288
Unemployment Rate4.2%
Fortune 500 Companies21
Licensed CPA Firms1,830

Accounting Programs in New Jersey

Search our comprehensive school directory to explore the accounting programs in New Jersey, including campus-based, online and hybrid programs.

schools match your search

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Accounting Salaries and Employment

Accountants and auditors in New Jersey can expect to see an 8.4% increase in employment between 2012 and 2022, leading to over 40,000 potential positions. Although this growth rate is somewhat slower than the national averages, job opportunities are cropping up in regional firms, such as Rothstein Kass, WithumSmith+Brown, Wiss & Co. and Untracht Early.

New Jersey’s accountants can also anticipate earning a higher average wage than their counterparts in other states. Annual wages range between $43,370 and $154,130 in this sturdy economy. Top-paying cities for accountants in New Jersey include Camden, Edison-New Brunswick, Newark-Union, Trenton-Ewing and Vineland-Millville-Bridgeton.

Projected Job Growth for Accountants

37,560 Employees2012
40,730 Employees2022
New Jersey
7.8% increase

1,275,400 Employees2012
1,442,200 Employees2022
United States
11.6% increase

Source: Bureau of Labor Statistics OES – State Employment Survey

Accounting Salaries by Specialty

New Jersey Avg. Annual Wage
United States Avg. Annual Wage

Associate Degree Recommended

Bookkeeping and Auditing Clerks

\
$43,370
$37,250

Payroll Clerks

\
$46,080
$39,850

Credit Counselors

\
$56,950
$44,960

Bachelor’s Degree Recommended

Cost Estimators

\
$75,460
$63,660

Tax Examiners and Collectors

\
$75,690
$56,120

Master’s Degree Recommended

Accountants and Auditors

\
$84,160
$72,500

Budget Analysts

\
$78,630
$72,560

Personal Financial Advisors

\
$113,760
$99,920

Actuaries

\
$107,320
$107,740

Financial Managers

\
$154,130
$126,660

Source: BLS OES – Industry Profile

Top-paying cities for accountants

  1. Camden, NJ
    $84,620
  2. Edison-New Brunswick, NJ
    $84,120
  3. Newark-Union, NJ-PA
    $83,750
  4. Trenton-Ewing, NJ
    $81,540
  5. Vineland-Millville-Bridgeton, NJ
    $73,300

Source: Bureau of Labor Statistics OES – State Employment Survey

Major firms headquartered in New Jersey

CountFirmLocation2014 Revenue (in millions)
1WithumPrinceton, NJ$114
2SaxBSTClifton, NJ$45
3Wiss & Co.Livingston, NJ$34
4Untracht EarlyFlorham Park, NJ$22

Accounting Today named these firms among the highest performing in a multi-state region. Rankings as based upon reported net revenues from 2014. Source: Accounting Today, “Top 100 Firms and Regional Leaders”

Becoming a certified public accountant (CPA) in New Jersey

What follows is a list of the eligibility qualifications required in order to sit for the Uniform CPA Exam in the state of New Jersey to become licensed as a CPA. A few samples of the required coursework for CPA licensure are listed as well as a breakdown of exam fees and a list of schools ranked by their CPA Pass Rates from 2014.

Due to the complex and in-depth nature of the exam, many students do not receive a passing score on one or several sections of the exam and must therefore retest. The rankings below include scores from both students retesting and testing for the first time. All four sections of the exam must be passed with 18 months of the initial test date. New Jersey has a triennial license renewal policy.

Eligibility for CPA Licensure in New Jersey

Eligibility for CPA Licensure in New Jersey is contingent upon the following qualifications for CPA candidates:

  • A minimum of 18 years of age
  • Meet the 150 hour educational requirement
  • Hold a baccalaureate degree
  • Complete 24 semester hours in undergraduate accounting or 15 hours of graduate level accounting courses
  • Complete 1 year of experience in public accounting practice
  • Take and pass an exam on the laws, regulations and code of ethical conduct in effect in the state of New Jersey
Age Requirement18
Citizenship RequirementNo
Residency RequirementNo
Social Security # RequirementYes
Education Requirement for Licensure150 hours (including bachelor’s degree)
Participates in International ProgramsNo
Hours in Accounting150 hours (including bachelor’s degree or higher); 24 semester or equivalent quarter hours in accounting at undergraduate level or 15 hours in accounting at graduate level which includes financial accounting, auditing, taxation and management accounting.
Exam Sitting RequirementsAs long as a student has taken at least 24 hours in accounting courses and has a graduate degree in business or accounting from an accredited school qualify to sit for the CPA exam in New Jersey. Those who hold a baccalaureate degree are eligible to sit for the exam if they’ve completed 24 credits of accounting coursework and 36 credits of business coursework that includes courses in business law, economics, municipal and government accounting and other related business subjects.
Experience Requirements1 year experience in the practice of public accountancy. The experience includes intensive and diversified experience in accounting or auditing.
Ethics ExamExam on the laws, regulations and code of ethical conduct in effect in the state of New Jersey.

Candidates can view a list of upcoming NJCPA Law & Ethics courses to help them prepare for the exam on laws, regulations and code of ethical conduct effective in New Jersey.

Source: The American Institute of CPAs

CPA exam fees in New Jersey


Total:$1,057

  • Application Fee
    $225
  • Auditing & Attestation
    $208
  • Financial Accounting & Reporting
    $208
  • Regulation
    $208
  • Business Environment & Concepts
    $208

Special Fees: A registration fee applies in addition to the application fee, and varies depending on the number of sections an individual is taking. The registration fee for all four sections is $115, for three sections is $100, for two sections is $85, for one section is $70.

Certifying and Professional Organizations

The New Jersey State Board of Accountancy is a discipline of the New Jersey Division of Consumer Affairs that promotes the reliability of information concerning financial guidance. The Board does this by regulating the qualifications and professional conduct of accountants and auditors.

Although the Board is able to verify licenses, the National Association of State Boards of Accountancy (NASBA) is the body that actually administers the Uniform CPA Exam for New Jersey. Future and current CPAs are able to join the New Jersey Society of CPAs, which offers aspiring CPAs preparation help for the CPA Exam, scholarships, career events, networking and provides current CPAs with career advancement tools

New Jersey State Board of Accountancy

Website Statutes License Lookup

Address

124 Halsey Street, 6th Floor
Newark, NJ 07101

New Jersey Society of CPAs

Website Team Directory

Address

425 Eagle Rock Avenue Suite 100
Roseland, NJ 07068

Phone Number

(973) 226-4494 x209

Email

[email protected]

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OnlineMBA.com

Online MBA Programs in New Jersey

The U.S. Census Bureau ranks New Jersey, which has a population of 8,791,894, as the second most dense state in the country. Its major metropolitan areas, such as New Brunswick, Newark, and Madison, are home to major corporations like Johnson and Johnson and Quest Diagnostics. New Jersey boasts an extensive shipping and transportation industry. Institutions of higher education include Rutgers University and Princeton University, which offer many online degrees. For students interested in accelerating their career with an online MBA, New Jersey is an ideal location in terms of education and post-graduation job prospects.

Why Consider an Online MBA in New Jersey?

New Jersey is home to a variety of business schools that offer an online MBA. Costs per credit range from around $700 per credit hour to nearly $2,000 per credit hour for out-of-state students. Students in online MBA programs in New Jersey save on costs associated with commuting and taking time off work.

New Jersey online MBA programs that are offered completely online take around 2 years to complete. Montclair State University, Caldwell University, Rutgers’ Camden business school, and the New Jersey Institute of Technology offer entirely online MBAs, but some online MBA programs in New Jersey are taught through a hybrid format. Ramapo College provides one third of the coursework for its 42-credit, 20-month MBA program online. Rutgers’ business school offers a part-time MBA with online classes and evening or weekend classes in New Brunswick or Newark, where the cost of living is 22% higher than the national average. Fairleigh Dickinson University also has a hybrid program, and the cost of living in Madison is 34% higher than in Newark.

Some programs require applicants to submit GMAT scores, but several, including Montclair State University, Rutgers-Camden, and Rowan University, may waive this requirement based on a student’s prior professional experience or advanced degree.

Percentage of Students Enrolled by Distance Education

Percentage of students enrolled at Title IV institutions in New Jersey, by distance education enrollment status, Fall 2012

MBA Concentrations for New Jersey Students

Many online MBA programs in New Jersey give students the opportunity to specialize in areas like digital marketing, information systems and intelligence analytics, project management, and human resources management. The healthcare industry accounts for many jobs in New Jersey, and a pharmaceutical management concentration gives students an understanding of how this area of the industry functions. The financial services field also offers many employment opportunities in the state, which makes earning a New Jersey online MBA in finance a worthwhile endeavor.

 

  • Pharmaceutical Management: This concentration prepares students for careers in healthcare management through a curriculum that focuses on issues like the regulatory and legal issues in pharmaceuticals and the marketing challenges unique to the industry.
  • Finance : Courses cover financial markets and instruments. Students learn how to make decisions in financial reporting and choosing techniques for valuing companies.

Accreditation in New Jersey

Universities and colleges in New Jersey commonly seek accreditation from the Middle States Commission on Higher Education. This organization is one of six regional bodies that have approval from the U.S. Department of Education and the Council for Higher Education Accreditation to evaluate and assign accreditation to institutions of higher education in their local region. While most consider regional accreditation to be more prestigious, a school can also seek accreditation from an organization that operates on the national level. National accreditation is commonly awarded to vocational and career-focused schools. An MBA from an accredited university can be the key to a career in one of New Jersey’s many growing industries.

New Jersey Economy, Career, and Job Outlook for MBA Graduates

In the past 25 years, the top industry in terms of employment changed from manufacturing, to retail, to healthcare and social assistance. In terms of total revenue, the retail industry still outperforms manufacturing, healthcare and social assistance, and the accommodation and food services industries. New Jersey’s proximity to New York City, major universities, and extensive port systems mean that it is home to many other major industries , including pharmaceuticals, life sciences, financial services, and logistics. The New Jersey Department of Labor and Workforce Development projects that between 2012 and 2022, professional and service occupations will see the highest amount of job growth in the state. The LWD reports that the northern region of New Jersey, which includes Bergen and Essex counties, will have the highest job growth by 2022, with 59,860 annual average job openings.

Top Employers in New Jersey

CompanyIndustryHeadquarters CityNumber of Employees
Johnson & JohnsonHealthcareNew Brunswick13,996
Prudential Financial Inc.Financial servicesNewark9,470

The top two employers in terms of the number of employees that have their headquarters in New Jersey are major companies in growing industries, which provides many job opportunities for graduates of online MBA programs in New Jersey.

Earning Potential with an MBA in the State of New Jersey

An online MBA in New Jersey prepares students for positions in management and can help them obtain higher salaries. According to the New Jersey Department of Labor and Workforce Development, positions that require an advanced degree, like an MBA, will grow by 8.7% as compared to the 6.5% of growth for positions that require a high school education or less.

Average Salary by Degree
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Careers for MBAs in New Jersey

Financial Controller

A financial controller is responsible for a company’s financial reporting and regulatory compliance. This role also reports to senior management and manages internal control. The U.S. Bureau of Labor Statistics projects financial management positions to grow by 16% from 2016 to 2026.


Financial Analyst

A financial analyst helps a company understand how its investments affect firm growth. They also prepare regular budgets and financial forecasts.

Digital Marketing Manager

A digital marketing manager applies marketing tools to digital platforms, like social media, to create brand loyalty and advertise for a company. They also manage teams of employees. Experienced digital marketing managers earn a median salary of $82,849.

Human Resources Manager

Management roles in human resources involve advocating for employees and ensuring that company goals, in terms of recruitment and training, are met. They manage the budget for HR activities and ensure that the company meets legal regulations. The median salary for HR managers in New Jersey is $72,145.


Operations Manager

Operations managers ensure that the day to day operations of a company, like production and purchasing, run efficiently. They oversee the hiring process for certain departments and are in charge of operations budgets. An operations manager in New Jersey earns $65,079 a year, which is higher than the national average.

Online MBA Programs in New Jersey

The following list contains the best online MBA programs in New Jersey. Some programs may have on-campus requirements, but all of the schools on this list are accredited regionally or nationally.

RankSchoolLocationCostToggleLogoTuition% Receiving Financial AidStudent PopulationSchool TypeDescription

Caldwell University

Location Caldwell, NJTuition
Tuition
$32,175
% Receiving Financial Aid
66%
Student Population
2,138
School Type
Private
Concentrations
  • Accounting

View School Profile

Centenary College

Location Hackettstown, NJTuition
Tuition
$34,905
% Receiving Financial Aid
63%
Student Population
2,284
School Type
Private
View School Profile

Rowan University

Location Glassboro, NJTuition
Tuition
$32,076
% Receiving Financial Aid
57%
Student Population
16,155
School Type
Public
View School Profile

Montclair State University

Location Montclair, NJTuition
Tuition
$29,900
% Receiving Financial Aid
60%
Student Population
20,465
School Type
Public
Concentrations
  • Digital Marketing
  • Human Resources Management
  • Marketing
  • Project Management

View School Profile

New Jersey Institute of Technology

Location Newark, NJTuition
Tuition
$51,504
% Receiving Financial Aid
47%
Student Population
11,325
School Type
Public
Concentrations
  • Management Information Systems
  • Marketing
  • Finance

View School Profile

Rider University

Location Lawrenceville, NJTuition
Tuition
$34,980
% Receiving Financial Aid
64%
Student Population
5,069
School Type
Private
Concentrations
  • Business Analytics
  • Finance
  • Forensic Accounting
  • Global Business

View School Profile

Rutgers University – Camden

Location Camden, NJTuition
Tuition
$81,360
% Receiving Financial Aid
72%
Student Population
6,408
School Type
Public
View School Profile

Stevens Institute of Technology

Location Hoboken, NJTuition
Tuition
$74,592
% Receiving Financial Aid
63%
Student Population
6,359
School Type
Private
Concentrations
  • Business Intelligence & Analytics
  • Finance
  • Information Systems
  • Marketing
  • Project Management

View School Profile

Thomas Edison State University

Location Trenton, NJTuition
Tuition
$27,846
% Receiving Financial Aid
14%
Student Population
13,093
School Type
Public
Concentrations
  • Accounting
  • Data Analytics
  • Finance
  • Healthcare Management
  • Human Resource Management
  • Marketing

View School Profile

Seton Hall University

Location South Orange, NJTuition
Tuition
$52,200
% Receiving Financial Aid
56%
Student Population
9,836
School Type
Private
Concentrations
  • Accounting
  • Finance
  • Marketing

View School Profile

How to Choose an Online MBA in New Jersey

There are many important considerations to make before settling on an online MBA program in New Jersey. These include factors discussed above like cost, accreditation, and available specializations. The following list includes some key steps to follow during the program research process for MBA options in any state.

  • Compare student outcomes data

    Student outcomes include graduation rate, year-to-year retention rate, the average debt for a graduate from that school, and overall student satisfaction with their degree program. Student outcomes do not guarantee you will be satisfied with a particular program, but can be useful for pinpointing a school’s strengths and weaknesses.

  • Estimate the expected costs of your programs

    Virtually every accredited college or university posts tuition rates online. Additionally, you should research other college-related costs like living accommodations and meal plans (if you plan to live on-campus), administrative fees, and technology fees (for online students). You should also look into scholarships, grants, and other forms of institutional financial aid that can offset some of the costs.

  • Check that classes will fit in with your schedule

    Scheduling is critical for students with other important commitments, such as childcare or full-time employment. Many online programs are asynchronous, or self-paced; students in these tracks are free to complete course requirements on their own schedule. Synchronous programs, on the other hand, require weekly online meetings with teachers and fellow students.

  • Look for partnerships with local businesses

    A large number of online MBA programs include internship and/or capstone practicum requirements ― and in many cases, students are able to gain on-the-job training and real-world office experience. You should look into the school’s business partnerships, particularly in regard to the industry you plan to enter after earning your MBA.

  • Make sure the program is accredited

    Accreditation status should always be available and easily accessible on a school’s website. In addition to regional or national accreditation, some MBA pathways receive programmatic accreditation. Recognized programmatic accreditors for MBA programs include the Accreditation Council for Business Schools and Programs (ACBSP) and the International Accreditation Counsel for Business Education (IACBE).

  • Talk to current students and/or recent alumni

    You should contact the alumni office at each school you are considering and ask to be connected with former students. These individuals can be good sources of information about education costs, life on- and off-campus, local business tips, and other important details for aspiring MBA students.

Online MBA Programs in Surrounding States

  • New York
  • Maryland
  • Delaware
  • Pennsylvania