Six Accounting and Finance Degrees at IU Bloomington
Indiana University-Bloomington appears in our ranking of the 50 Best Online Master of Finance Degree Programs.
At Hodge Hall, the Kelley School of Business led by Dr. Idalene Fay Kesner awards a 120-credit B.S.B. in Accounting for Indiana University-Bloomington Hoosiers to land Big Four internships, engage in the Grant Thornton Institute, join the ALPFA Chapter, and semester in Hong Kong. Chaired by Dr. Craig Holden, the B.S.B. in Finance shapes a 120-credit, AACSB-accredited sequence for Corporate Finance, Real Estate, Banking, and Financial Planning tracks with practice managing the $1M Investment Fund plus the Finance Diversity Program. The M.S. in Finance advised by Dr. Teresa Kase makes its 30-credit, 15-month curriculum available in Bloomington, at China’s Tsinghua University, or online for CFA certification prep with a Charles Schwab Wealth Management option and Tobias Center projects.
Online via Canvas, the Kelley MBA ranked #1 by the U.S. News & World Report admits over 300 post-grads yearly into seven 54-credit concentrations, such as Finance or Accounting, with live evening courses for 95 percent placement at Ameritrade, KPMG, Amazon, Accenture, and others. The M.S. in Accounting follows a 30-credit, one-year intensive program directed by Dr. James Wahlen that requires an Assurance or Taxation emphasis, Deloitte Learning Lab practice, 550-hour field consulting projects, and the Becker CPA Review course. Overseen by Dr. Philip Powell, the Ph.D. in Business at Indiana University-Bloomington spans four years with 60-credit, post-master’s Accounting or Finance study and dissertation research often published in journals like Management Science.
About Indiana University-Bloomington
Indiana University-Bloomington originated on January 20, 1820, when Presbyterian preacher Rev. Baynard Rush Hall started the State Seminary on Second Street with only 12 pupils. In 1829, President Andrew Wylie renamed it Indiana College for broader classical education. One decade later, Indiana University was officially born with a new nonsectarian status. In 1867, Sarah Parke Morrison became IU’s first female student. Between 1884 and 1908, the flagship 1,937-acre Bloomington campus was built of limestone on the Jordan River. In 1920, it launched the School of Commerce & Finance for business degrees. By 1997, IUB renamed it the Kelley School of Business after the Steak ‘n’ Shake founder’s $23 million gift. In 2005, Indiana University-Bloomington erected the 180,000-square-foot Godfrey Graduate and Executive Education Center with the Financial Trading Lab.
Endowed for $2.397 million, Indiana University-Bloomington now employs 2,149 faculty training 43,710 Hoosiers from 173 countries at a 20:1 ratio online and in Monroe County with 750+ clubs like the Public Finance Association. In 2016, IUB earned the Insight Into Diversity Higher Education Excellence Award. In 2012, IU Bloomington accepted the GCEC Award for Exceptional Contributions in Entrepreneurship Research. The Wall Street Journal placed Indiana University-Bloomington 90th globally. On Niche, IUB boasts America’s 27th best business school, 24th best campus, and 22nd most student life. Forbes honored IUB for the 71st most impactful research. Financial Times named the Kelley School of Business the 56th best value nationally. Bloomberg BusinessWeek crowned Indiana University-Bloomington the 27th best. The Public Accounting Report ranked IUB seventh too.
Indiana University-Bloomington Accreditation Details
On December 15, 2017, the Higher Learning Commission on North Central Association (HLC-NCA) sent Indiana University-Bloomington an Institutional Status Report that satisfactorily renewed the Level VI accreditation through 2027-28 under its 18th president, Dr. Michael A. McRobbie, who received the Anti-Defamation League’s Man of Achievement Award. Located 229 miles up Interstate 65 in Chicago, Illinois, this huge 19-state Heartland Region accreditor is recognized by the U.S. Secretary of Education to review IUB’s four associate, 126 bachelor’s, 148 master’s, and 101 doctoral degrees. Particularly, the Kelley School was reaffirmed by the Association to Advance Collegiate Schools of Business (AACSB) on May 4, 2017. Since Spring 2013, IU Bloomington has also been a Chartered Financial Analyst Institute Program Partner.
Indiana University-Bloomington Application Requirements
Admission to Indiana University-Bloomington is labeled “moderately difficult” by Peterson’s since 31,878 of the 41,939 Fall 2017 applicants were selected for just 76 percent acceptance. First-year Hoosiers seeking the B.S.B. in Accounting or Finance must culminate high school with at least 34 college-preparatory credits. Eight English and seven Math semesters are mandated. Freshmen present an average 3.72 GPA in grades 9-12. For the SAT, the middle 50th percentile scored 1180 to 1370. Mid-range ACT marks were 25 to 31. Indiana students with 12+ credits are welcome with a minimum 2.3 GPA, but non-resident transfers need a 2.5. Kelley MBA cohorts have an average bachelor’s GPA of 3.38 and 677 GMAT score. Most online students have 3+ years of business experience. The M.S. in Accounting lists nine prerequisites, including Principles of Finance, Cost Analysis, and Income Tax. M.S. in Finance entrants need a minimum 3.2 GPA. Doctoral candidates have a mean 157 Verbal and 157 Quant GRE score.
Indiana University-Bloomington enforces freshman deadlines of November 1st for Early Action and February 1st for Regular Decision. Kelley School transfers apply until June 1st for Fall, November 1st for Spring, and March 1st for Summer. The MBA Program has October 15th early, January 5th priority, and April 15th final dates. M.S. in Finance students can file through March 1st. The M.S. in Accounting closes on December 1st. Ph.D. in Business cohorts must file before December 15th each year. Accordingly, complete the Coalition, Common, or IU Application online for $65. Official academic records are processed at 1275 East 10th Street in Bloomington, IN 47405. Standardized testing reports require ACT code 1210, SAT/GRE code 1324, or GMAT code 8ZG-41-04. Supplemental papers include the 400-word goals statement, 2-3 recommendations, experience résumé, English fluency verification, and financial affidavit. Contact (812) 855-8100 or kelleyBL@indiana.edu with more questions.
Tuition and Financial Aid
For 2019-20, Indiana University-Bloomington is billing full-time Hoosier State undergrads $10,894 annually. Non-resident B.S.B. in Accounting or Finance tuition is $36,164 each year. Residing at the flagship campus’ 13 dorms like Eigenmann Hall adds $10,830 for room and board. IUB budgets $1,110 for books, $650 for travel, and $2,120 for personal needs. Annual bachelor’s attendance equals $25,604 in-state and $50,874 out-of-state. Online MBA cohorts are paying $1,330 per credit or $71,820 total. The Full-Time MBA is billing Indianans $27,053 and non-residents $49,955 with mandatory fees of $2,171. Other Kelley programs like the M.S. in Accounting are $689 per credit or $2,068 by course. The Ph.D. in Business costs $13,526 to $24,977 each semester before assistantships.
According to the NCES College Navigator, Student Central at 408 North Union Street connects 61 percent of IUB Hoosiers to financial aid packages averaging $9,289 each for $221.3 million combined. Business funds include the David Klapper Scholarship, Alice Ritcher Scholarship, Carey Lykins Diversity Scholarship, Constance Coover Lewis Scholarship, Delphia Croft Scholarship, Key Bank Scholarship, Margo Fritz Scholarship, Wilbert Gasser Scholarship, Nine-Eleven Scholarship, Feighner Scholarship, Graco Foundation Scholarship, Newman Family Scholarship, Herbert Presidential Scholarship, and Gregory Wilson Honors Scholarship. Since 2007, the Fry Scholars Program has covered full Kelley School tuition for outstanding students applying by January 15th. The Dean’s Scholarship gifts up to $11,000 per year for out-of-state freshmen with minimum 3.5 GPAs. Financially needy Indiana residents can receive a maximum $4,500 Frank O’Bannon Grant. The Indiana CPA Society runs a Scholars Program for minority high school grads entering accounting degrees with GPAs above 2.5. Federal assistance like the Pell Grant, Opportunity Grant, and Direct Loan are also opened with FAFSA forms coded 001809.
Keep reading about Indiana University-Bloomington at the Kelley School of Business website.
