MA Acc. for Non Accounting Majors
Hello there,
I am curious to know about which masters of accounting degrees are tailored to non-accounting majors; I know only of UNC Chapel Hill. I hope to eventually work my way into Fortune/corporate finance or possibly consulting. Not totally sure if a MSF or MAcc is the way to go but it seems as if the MAcc offers much more in the way of stability in the job market I just dont want to get stuck doing tax prep for a living.
Also, just curious what are the possibilities of working finance in banking from a Macc as compared with an MSF.
i think most are and you just have to do a chunk of catch up classes
I know of one in Canada, it's called the MMPA (Master of Management and Professional Accounting) at one of UofTs satellite campuses. I haven't heard many good things about the program though. Apparently it is insanely expensive (75K for 2.5 years), and the starting salaries after the program are only like 45K.
Rutgers offers what they call a 'professional accounting' MBA - full 65 credits, 14 months nonstop, terminates in September during hiring cycle, hiring is contracted out (no shitty campus recruiting/career services), 91% hire upon graduation (VERY good jobs too), cost = +/- $50K, eligible to sit for CPA upon graduation, avg starting +/- $60K. I've spoken with the director and several grads, and it's my backup if a 'regular' MBA program doesn't take me (or if I decide that I am better off as a CPA). Coolest part is that it is a full MBA. Major downside is that there's no room for summer internship, so it would be a bit of a stretch to use this as an entry to finance.....good luck
http://www.business.rutgers.edu/default.aspx?id=329
Thanks for all the posts. Im kind of on the fringe between the MSF because the jobs that I may get with it are the jobs I would like to have and the MAcc because the jobs are plentiful. Do the big 4 and other accounting firms take MSF grads or is the amount of accounting in these programs inadequate?
big4 isn't hard to get into for accounting. I'm sure you can get in with an MSF. It will keep open more doors than an MAcc IMHO. Plus, with an MSF, you can also have a shot at consulting if you're interested. I'm in consulting at a big4 and I have an MFE.
You can't get into Big4 Audit without satisfying the education requirements for CPA eligibility (30+ hours in accounting), so the MSF would not get you there. If you want to do Big4 Audit, get the MAcc. However, you say "MSF because the jobs that I may get with it are the jobs I would like to have". I think that's your answer. The argument that accounting provides job stability portrays a lack of confidence if it's not something you're actually passionate about. Cream always rises to the top. I say just follow your heart and get the MSF.
That is exactly the way I feel. My grades are decent(Senior, 3.94econ,3.82cum) so I know I could transfer that to an MSF and do well in recruiting. I think I have to find the right MSF program that has great OCR and good alumn base.
I am currently looking at Villanova, Vanderbilt, BC and Ohio State. Im leaning toward Villanova after reviewing the website and speaking to Anthony (thanks again) and considering I want to work in the NE. I guess that leaves BC and Ohio State because I dont think Vanderbilt places too well in the NE. As for BC, I dont have Work experience so I may be out of luck there. Im not sure about the Ohio State as it is very new (may start a thread) but I do not know how much presence they have in the NE.
UT has a MAcc that you don't have to have accounting undergrad. Also, I think it's the #1 MAcc in the country. It sends people to ibd...
As far as I know the MAcc is specifically focused on the core accounting courses you need to sit for the cpa exam and the MBA in Accounting is a management degree with the focus in accounting. Please correct me if im wrong.
Sounds good. So, I'm thinking about the Rutgers professional accounting MBA, which is an MBA and also qualifies graduates to sit for the CPA. Is this the best of both worlds?
http://business.rutgers.edu/default.aspx?id=329
From the Rutgers website: "Class of 2009 average starting salary: $57,000 + $3,000 signing bonus"
Looking at starting salary alone, I'd say it does not look like the best of both worlds. These numbers look like Big Four Staff 1 salaries to me, which no MBA graduate would ever take. I have absolutely no clue what the long-term prospects are, though. I can see someone hiring an experienced accountant with an "MBA" on his/her resume over someone with a "MAcc", though in accounting circles being "Big Four" and obtaining a CPA designation is likely more important than having a particular degree. But the employment statistics would make me think the program is not the "best of both worlds". You'd likely miss out on the big benefits of a "top" MBA program with a PAMBA from Rutgers. But if you're interested in the typical public accounting route, it seems like a great option (assuming you don't want to go to a top MBA program).
No, I was looking for a way to take advantage of MBA networking while also having accounting as a fallback in case another recession hits, plus CPA is just really good to have. I do know an MD of BB M&A who did the Rutgers program, but later on he also went to top 5 MBA for the networking opportunity. The primary difference is that I'm coming into finance at age 30, and he did all this starting at age 22, so the time crunch is a big factor for me - I need to go the most efficient route......which I'm guessing is a top MBA program
The MAcc curriculum focuses more on preparing students for the CPA exam and the Certified Management Accountant (CMA) exam. MAcc programs also include courses dealing with research, business valuation, cost management, information systems, auditing, policy, taxation, consulting services and financial and managerial accounting. For more information you may check this link http://www.thedegreeexperts.com/dg-accounting-92.aspx
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