11 B-schools to consider for MBA in Accounting and why! #MBAseries #3
The Bureau of Labor Statistics has predicted a rapid growth in high-level accounting positions over the next decade, hence it is a great time to pursue a substantial MBA in Accounting program further developing your career as a corporate accountant. The options vary with the requirement of candidate about how he/she wishes to pursue the course either full time, part time etc.
A sound accounting process provides accurate information for improved internal decision making and creates a concise representation of the business’s operations to outside constituencies. Various universities across the world provides excellent opportunity for prospective students in the field of accounting and they are trained exclusively with a scope of improving their levels as an accountant then a general finance MBA counterparts. Here we bring a list of most sought after B-schools to pursue an MBA in Accounting with some calculated efforts and a synopsis about the course and its benefits:
The Master in Professional Accounting program at the University of Texas at Austin is widely recognized as one of the leading graduate accounting programs in America by World Report and the Public Accounting Report.The program is offered in three variations as
- Traditional, where the traditional options help you earn your MPA in 12-18 months.
- Integrated offers a BBA programme in Accounting from the University of Texas followed with an MPA from the McCombs School of Business.
- Econ-MPA is rather sophisticated with a BA in Economics and a MPA Degree combination which takes about 5 years to complete.
“96% of 2013 MPA Graduates consider the Texas MPA to be a good investment”
The Master of Science in Accountancy (MSA) program is a one-year program designed to meet the professional accounting career-development needs of individuals with accountancy backgrounds that vary from a limited to a stronger background. The MSA program is appropriate for persons with accountancy or non-accountancy undergraduate degrees. MSA course work is customized to reflect educational and career backgrounds, as well as educational and career objectives.
One of the largest suppliers of leaders of the accountancy profession. The program will provide a foundation for success in many careers, including:
- Public Accounting
- Corporate Accounting
- Banking and Financial Services
- Investment Banking
- Government and non-profit
The Marriott School of Management’s Master of Accountancy (MAcc) program is a unique and integrated opportunity for many students. Over a five-year span, students may earn their Bachelor of Accountancy and their Master of Accountancy degrees concurrently. There involves two stems in the program to be undertaken:
- Professional Stem
The Professional Stem is designed to prepare students for a career in providing professional services for firms and corporations. More than half of the required credit hours in both the Professional Stem and Tax Stem are the same, but 33 credit hours do focus solely on teaching students the ins and outs of professional services. Subject matter unique to the Professional Stem includes advanced courses in auditing, managerial accounting, accounting information systems, and other similar classes.
- Tax Stem
As its name suggests, the Tax Stem prepares students for a career in corporate and individual taxation. As mentioned previously, a little over half of the required credit hours are the same for both tracks, but 33 credit hours are unique to the Tax Stem itself. Subject matter unique to the Tax Stem includes advanced courses in tax research, corporate taxation, current tax policy, and other similar classes.
The M.Acc. program provides an integrated curriculum designed to prepare graduates for careers in professional accounting, public accounting, industry and government. Through its integrated curriculum, students have the opportunity to study accounting in greater depth than in undergraduate accounting programs or M.B.A. programs with concentrations in accounting. The objectives of the program include developing the sound conceptual, technical, analytical and communication skills that are required to succeed in the accounting profession. The program employs a rigorous case analysis approach that requires students to exercise their analytical abilities and develop effective verbal and written communication skills. The program also seeks to instill a deep appreciation and respect for the crucial role of the independent accountant in our free enterprise economy. This perspective provides the bedrock of the professional attitudes and responsibilities of CPAs today
The program is designed to meet the demands of the accounting profession by providing qualified graduates from diverse experiences and undergraduate majors.
Fisher’s MAcc program gives you the tools and training to demonstrate critical and analytical thinking, teamwork, leadership, and be effective communicators. The Program will give the candidate a chance to work with individuals possessing diverse backgrounds and views, where teamwork is central to success. The choice in MAcc career path can lead to a spot as a firm partner, executive, or CEO in the corporate, nonprofit, and government sectors – or even as an entrepreneur. Competition for MAcc students is fierce, and professional service firms have raised salaries and added benefits to attract and retain the best candidates.
The Association of Chartered Certified Accountants (ACCA) is the global body for professional accountants, and LSBF holds Gold status as a provider of the ACCA qualification. Combining this professional standard with your MBA provides a strong combination of business theory and practical financial skills.
The combination of MBA and ACCA allows you to access a much wider range of opportunities at senior level, from consulting to decision-making roles, increasing your marketability to employers and helping your career progression. As part of your Dual Programme you’ll undertake an accounting practice placement, giving you invaluable experience while earning points towards your final ACCA qualifications.
The accounting major at the Wharton School focuses on the user of accounting data. Most courses in the department stress concepts, procedures and applications with a view to the student understanding how accounting information is generated and its reliability in analysis. Most accounting majors are preparing for careers in which accounting data are used extensively. The department’s flexible curriculum also allows interested students to take the required courses toward certification as a CPA (certified public accountant) or CMA (chartered management accountant).
Setting apart the standard methods of pursuing an MBA Booth School of Business MBA program gives you the chance to explore activities outside the classroom in numerous ways that will also allow you to build new skills, relationships, and networks. These include:
- Corporate Finance Group : This group is dedicated to serving its members in their pursuit of a rewarding career in the field of finance. The Corporate Finance Group serves members with interests that cross various industries, including financial services, high tech, entertainment, and many others.
- Distressed Investing and Restructuring Group : The Distressed Investing and Restructuring Group provides resources to its members and the Chicago Booth community to enable a better understanding of the field and to improve the competitive position of Chicago Booth students interested in entering turnaround and crisis management.
- American Bankruptcy Institute Corporate Restructuring Competition : Students from leading business schools participate in the American Bankruptcy Institute Corporate Restructuring Competition to solve a realistic business case for a hypothetical, distressed company. Judges are experts in the turnaround/crisis management field.
The MSA program at Notre Dame is known for its quality, rigor and focus on ethics. Also regularly spotted within the top rankings, the MSA program perhaps is more relevant to your future and your career than an annual ranking by top universities, the following facts and figures boasts the importance of their program in the world.
- In the past three years, 100% of graduates have secured employment three months after graduation.
- More than 80% of graduates chose employment with the Big 4 accounting firms.
- The opportunity to study abroad in China or South America for two weeks during Interterm.
- Through Interterm Intensives, it helps in growing networks partnering with MBA students to consult and present to executives from companies ranging from Coca-Cola, GE, Whirlpool etc.
- MSA students enjoy access to some of the best faculty in the country, all of whom are invested in their students’ success.
The Master of Science in Accounting program provides a unique advanced business education. This 37 to 39-hour program is non-thesis and offers the opportunity to master any specialization within your choice. Through a combination of core courses, electives, and leadership development opportunities, MBS’s MS program develops and deepens the competencies needed in your career.
A balanced attention is given to stress upon technical accounting knowledge and the development of leadership, communication, teamwork and critical thinking skills. The program also enables you to gain knowledge of financial statement analysis, the marketing of professional services, public policy, financial markets, information systems and the impact of technology on accounting and business.
The Finance & Accounting area has a multi-disciplinary orientation. Faculty in the area have served on government committees and contributed significantly to several policy-making issues. They have also been involved in providing consultancy services to corporate and governmental organizations. The courses and research interests of the area focus on financial management, management accounting and control, the Indian capital and money market, banking, privatization and international finance.
A student majoring in the Finance & Accounting program takes a wide range of courses, including those in their area of specialization and in various other management areas. The first year courses are the same for all fields of specialization.
The above mentioned courses are based on selective judgement of the WMS team and provides inputs from the most noted bodies associated with ranking, accreditation and regulating business school.
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