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Master of Accountancy - Page 2

post #16 of 26
7/30/09 at 10:07pm
Quote:
Originally Posted by Bhowie View Post
I hope you have good grades and test scores.

Quote:
Originally Posted by Warren G. View Post
Eh, I'm an accounting undergraduate student right now. But I'm at a unknown state school, so I'm really considering going to UT for their MPA program.

Anybody have any experiences with their MPA program? I did some research, and the program seem to be really good/respect. The Big 4 accounting firm recruit from there as well. So I'm really leading toward UT for grads school.

Well the program is describe by alot of the professors and recruiters as the #1 program in the nation for accounting.

You will not make more money as a new hire in a big 4 compared to a non-MPA major. However, I'm sure the extra workload and responsibility thats given to you will propel you farther and faster than other accountants.

The average raw grades in the program are C's and everyone is graded on a certain curve. As an accounting undergraduate, it is not too hard to get into the program (need A or B's in Managerial and Financial Accounting courses). However as a transfer student, its pretty tough to get into McCombs School of Business if your current grades are not hot (generous estimate of 3.5+). The real struggle is actually making it through the program because the courses are graduate level and you can't BS them like regular college courses. Lastly, you have to intern with a firm to complete the degree requirement.

I only know the process of how an undergraduate gets accepted into the MPA program. However, I am not too familar with how a transfer student would do it. Contact the undergraduate or accounting office to inquire.

http://www.mccombs.utexas.edu/dept/accounting/

Best of luck to you!
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post #17 of 26
7/30/09 at 11:27pm
a master degree in accounting without CPA license is a waste of time, imo, though I have neither.

I graduated right after the 150 credit hour rule was implemented in my state (VA), though I had enough credits from 2 biz majors. never stepped a foot into the accounting field, because from everything I've learned, I absolutely hate accounting. I'm totally not a nickle and dime kind of person, and my personal finance can attest to that (what a shaity mess, sigh). for myself, I think the best effort I can possibly do is to suck it up for the CPA exam (good thing I think VA don't require relevent work experience to sit for it), I'm definitely not going to waste another 2 years of my life in studying accounting, that's for sure.
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post #18 of 26
7/31/09 at 3:52am
Quote:
Originally Posted by gnatty8 View Post
What I was thinking when I made my original post, so you read my mind..



I didn't say there were not many that were CPAs, I said I doubted many had Masters Degrees in Accounting, which I think was OP's original question. That said, I would also think that CPAs are fairly rare in senior positions other than CAO or Controller.

The main reason why it's rare is because a Masters in Accounting wasn't required for anyone until recently (whenever the 150 rule was put in place). In 5-10 years if you ask who has a Masters in Accounting, I bet the number will be a lot higher than what it is now.
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post #19 of 26
7/31/09 at 9:49am
Do it. Someone has to combat AML.
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post #20 of 26
7/31/09 at 9:51am
Quote:
Originally Posted by Cavalier View Post
May be I see this differently because my dad, grandpa, aunt, etc. are all CPA's and all have done very well. I have also met a lot of people in the field who have done well and climbed the corporate ladder. I don't believe there is any ceiling on someone with a CPA, charisma, people skills, etc.

Also, on the first point, getting a masters in accounting will not all of a sudden make you think differently. The trait you describe is probably what leads people to enjoy accounting in the first place, not a result of accounting classes..

And of course, getting an MBA is key for getting to a big timer

You are right, it's about self-selection. I see the same thing with personalities that are drawn towards engineering as well. However, it does not change the fact that by and large, a Master's Degree in Accounting is not a very good choice, IMO, for somebody who wants to be upwardly mobile. It's an opinion, you may not agree, and that's fine.
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post #21 of 26
7/31/09 at 11:19am
Quote:
Originally Posted by gnatty8 View Post
You are right, it's about self-selection. I see the same thing with personalities that are drawn towards engineering as well. However, it does not change the fact that by and large, a Master's Degree in Accounting is not a very good choice, IMO, for somebody who wants to be upwardly mobile. It's an opinion, you may not agree, and that's fine.

I am not saying that about a Master's Degree in Accounting rather about becoming a CPA... in some situations, one might get the masters in order to get hours to sit.
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post #22 of 26
7/31/09 at 12:02pm
Quote:
Originally Posted by sharks9022 View Post
Can you use a Masters in Accounting for something other than becoming an accountant? I've heard that a degree in accounting is very good to have even if you don't plan on sitting for the CPA.

What is your undergraduate degree in? Most graduate accounting programs won't accept you w/out an undergraduate degree in accounting.

Why wouldn't you want to sit for the CPA exam if you get the degree?
Yes, the MS in Accounting would look great on the resume but the question would eventually be why don't you have the CPA?
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post #23 of 26
7/31/09 at 12:10pm
Quote:
Originally Posted by jimjames View Post
What is your undergraduate degree in? Most graduate accounting programs won't accept you w/out an undergraduate degree in accounting. Why wouldn't you want to sit for the CPA exam if you get the degree? Yes, the MS in Accounting would look great on the resume but the question would eventually be why don't you have the CPA?
I am able to enter the graduate accounting program at my university with my statistics degree, if that says anything at all. (Which it might not..) And OP why would you invest such time into a mastery of accounting if you don't want to be an accountant? Are you not sure what you want to do? Why not do a masters in something you actually are interested in doing.
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post #24 of 26
8/3/09 at 3:26am
Thread Starter 
Well I've heard that a Masters in Accounting can be used for something other than sitting for the CPA. I know that some CFOs have a Masters in Accounting these days.
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post #25 of 26
8/6/09 at 9:57am
Yes of course, there are many career opportunities after degree in accounting. You can be auditor, cost accountant, and even finance analyst. Check out various accounting degree on the below given link:
http://www.thedegreeexperts.com/online-degree.aspx
They collate brief description about the job prospects associated with particular degrees.
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post #26 of 26
8/28/09 at 5:01pm
Quote:
Originally Posted by sharks9022 View Post
Well I've heard that a Masters in Accounting can be used for something other than sitting for the CPA. I know that some CFOs have a Masters in Accounting these days.

Well it's not like having a CPA precludes you from being a CFO. I actually don't see the point of accumulating all those hours and not getting a CPA - it will always help, whether you want to stay in business or not.

I actually wish I had a CPA, it would have helped me a million times. I am almost considering geting a MAcc on the side just to have it. Whether it's in public accounting or corporate finance, it will always open some doors closed to others.
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