Masters Of Accounting w/ 3 years in banking
Hope all of your are surviving the pandemic while preserving your sense of optimism, I know it has been tough for me. I was recently accepted to a Top 10 (via 2021 US News) Master of Accounting program and am deciding how sensical it might be. I currently work at a top 10 (by assets for US based) bank here in the US as a commercial RM, with the main responsibilities of finding business and executing closing of $10mm+ Term and Lease transactions for Small and Mid Cap clientele. I am 3 years into my career, graduating with an undergrad degree in Agricultural Econ/Agbuisness (I thought I wanted to be a commodities trader), 3.6 GPA. Since moving into financial services my sophomore year summer, I always felt that following an initial foray into banking and relationship management, I would leverage those client facing/executive relationship management skills and transition into consulting, where my life would be more structured and I could apply more of my analytical skills versus constantly hunting for business. On a whim I applied to this program, thinking that I could spend my extra time these days working towards a marketable degree, not actually considering how it would be valuable until I was accepted. The school has structured recruiting for all the Big 4, but my only real interest in working for one of those firms would be on the advisory side to follow my consulting aspirations. I am not unhappy in my current role, but with the economic environment, viability and earning potential has wained as capital investment slows (at least until the election) and I am trying not to stay stagnant.
My primary question is, with LT aspirations in consulting and/or strategic leadership in small-large cap food&bev orgs, will a Masters of Accounting ultimately aid in following this career path? I want to be able to leverage the RM experience I have gained and apply it to managing clients in a consulting setting, not just working an accounting job where the earning potential is far less than continuing on in commercial banking. Any insight on career paths for those in consulting or receiving Macc would be greatly appreciated.
Was an accounting undergrad and did 1.5 years at a big 4 got my CPA. Switched out and got a leveraged finance job after I realized I hated audit. I can tell you know the only value getting a masters in accounting will do you is if you want to go on a CPA track. It does not open any other doors besides CPA track, or accounting in industry. In fact, the masters of accounting did not add value to anyone who had it compared to the people who were able to get the 150 credits needed for their cpa, everyone started with the same salary ect. If you want to do a consulting/ advisory role at a big 4 I would not say this program is adding value.
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