About the MS in Professional Accountancy
Learn About the Marist MSPAccy Graduate Program
The Master of Science in Professional Accountancy (MSPAccy) is designed to provide accounting majors the opportunity to obtain an additional 30 college credits to satisfy the 150-hour credits to be licensed as a Certified Public Accountant (CPA). The MSPAccy is innovative graduate program composed of both in-class and distance learning classes.
Marist's MSPAccy graduate degree program is designed to address the requirement by accounting firms that are requiring entering accounting professionals to have either completed the 150-credit requirement or have completed a substantial portion with a plan in place to complete the remaining requirements.
Skills and Career Potential For MS in Professional Accountancy Graduates
- States require 150-hours to be licensed as CPA.
- National accounting firms have restricted hiring of new staff to those completing the 150-hour requirement.
- Promotions to partner and manager and corporate managerial positions increasingly go to candidates with graduate degrees.
- A careerBuilder.com survey found companies are pushing their hiring level to candidates with higher degrees.
- The Department of Labor's Bureau of Labor Statistics noted accountants who have a CPA and a master in accounting have an advantage in the market.
- Institute of Management Accountants' salary survey showed increased earnings for accountants with a graduate degree:
- For 2016, median compensation increased with level of education. Median base salary increased more than 14% from a bachelor's degree to a master's degree.
- The median dollar amount increase for those with a master's degree was $13,436 resulting in a median base salary of $107,000.
- Total median compensation for those with master's degrees was $123,000 compared to $109,716 for those with a bachelor's degree only.
- Of survey participants who indicated they held an entry-level management accounting position, 55% reported having a master's degree.
- The 2017 Robert Half Salary Guide showed professionals holding a graduate degree earned 5% to 15% more than those holding only an undergraduate degree.