M.S. in Professional Accountancy

Frequently Asked Questions About Marist's MSPAccy Graduate Program

What is the deadline for submitting an application for admission into the Master of Science in Professional Accountancy?

The admission process for the Master of Science in Professional Accountancy is a rolling admission process, with the deadline for summer admission no later than April 1, August 1 for fall, and December 1 for spring.

Is admission into the Master of Science in Professional Accountancy restricted to summer admission only?

Generally, the primary admission semester for applicants into the Master of Science in Professional Accountancy is the summer because most applicants complete their undergraduate degree in accounting in May. However, applicants who complete their undergraduate degree in accounting in the summer (e.g., August) or fall (e.g., December) may submit an application for admission in the fall or spring semester. Admission in the fall or spring results in the applicant taking the elective courses during those semesters and the core courses in the summer. The deadline for admission in the Fall or Spring is August 1 and December 1, respectively.

Is a GMAT required?

Yes, unless one of the following criteria is satisfied:
• Cumulative GPA of 3.25
• Successful completion of all four parts of the CPA exam and a letter from the jurisdiction that states that the applicant has completed all four parts of the exam
• Successful completion of other professional licensing requirements (e.g., The Law Bar exam, Chartered Financial Analysts, Certified Management Accountant, etc.) can petition the Director, Master of Science in Professional Accountancy and request a waiver of the GMAT requirement. The Director will review the licensing obtained by the applicant, and if he/she deems it appropriate, may at his/her discretion waive the GMAT requirement.

What is the minimum GMAT score considered appropriate for admission into the Master of Professional Accountancy?

There is no minimum GMAT. The GMAT score and your undergraduate degree will be factors in determining your admission into the program

Are letters of recommendation required for Marist College accounting graduates?

No.

Can an applicant who did not receive an undergraduate degree in accounting be admitted into the Master of Professional Accountancy?

The Master of Science in Professional Accountancy program is designed for applicants who have received an undergraduate degree in accounting and are pursuing additional courses to meet the 150-hour CPA licensing requirement. Accordingly, the program assumes that applicants admitted have working knowledge of U.S. generally accepted accounting principles and U.S. generally accepted auditing standards.

If an applicant with a degree in a business discipline other than accounting wishes to pursue the Master of Professional Accountancy, he/she can take undergraduate accounting courses to obtain the necessary knowledge of U.S. generally accepted accounting principles and U.S. generally accepted auditing standards.
The prerequisite accounting courses are as follows:
• Introduction to Financial Accounting
• Introduction to Managerial Accounting
• Intermediate Accounting I
• Intermediate Accounting II
• Advanced Accounting
• Auditing
• Income Tax Accounting
• Cost Accounting
• Accounting Information Systems

All prerequisite courses have to be completed prior to admission into the Master of Science in Professional Accountancy.
Secondly, an applicant who does not have an undergraduate degree in accounting, but has work experience in accounting may apply to the program. The applicant is required to submit a resume to the Director, Master of Science in Professional Accountancy, detailing his/her accounting experience. The Director will review that experience to determine whether he/she considers the work experience to be equivalent accounting knowledge obtained in an undergraduate degree in accounting from a U.S. university. However, to sit for the CPA and be licensed as a CPA in the State of New York, the applicant should be aware the New York Office of Professions which oversees the licensing of CPAs require 33 hours in accounting and 36 hours in business courses. If an applicant plans to sit for the CPA in another jurisdiction, he/she should check with that jurisdiction to determine the requirements for becoming a licensed CPA.

Are international students eligible to be admitted into the Master of Professional Accountancy?

The Master of Science in Professional Accountancy program is designed for applicants who have received an undergraduate degree in accounting and is pursuing additional courses to meet the 150-hour CPA licensing requirement. The program assumes that applicants admitted have working knowledge of U.S. generally accepted accounting principles and U.S. generally accepted auditing standards. Accordingly, international students who received their undergraduate degree in accounting from a U.S. AACSB accredited university are eligible to apply to the program.

International students who received their undergraduate degree in accounting from a foreign university are not eligible to apply to the Master of Science in Professional Accountancy.

Can an international student who received his/her undergraduate degree in accounting from a U.S. AACSB accredited university and who would be admitted into the Master of Science in Professional Accountancy under an F-1 Student Visa be admitted in the fall or spring?

No. An international student seeking an F-1 Student Visa is required to attend the university in which he/she is enrolled as a full-time student. Due to the nature of the requirements of the Master of Science in Professional Accountancy, a student can complete the program without being a full-time student. International students on an F-1 Student Visa can be less than a full-time student only in his/her last semester. The program begins as a full-time program in the summer.

Does the Master of Science in Professional Accountancy accommodate applicants who work full-time, given that the summer core courses are full-time?

Applicants who work full-time can be admitted into the Master of Science in Professional Accountancy. However, these applicants will be required to make the arrangement with their employer to permit them to attend the core courses taught in the summer.

Can a student split the summer courses over two summers? For example, a student completes one five-week increment of courses in summer I; proceeds with the distant learning online courses over the Fall/Spring semester, and completes the second five-week increment of courses in summer II to complete the program?

Yes, the Master of Science in Professional Accountancy was designed to be flexible and meet student's scheduling needs. A student can elect to take the first five-week summer section in Summer I; take the distance learning courses over the Fall and Spring semester and complete the degree requirements during Summer II by taking the second five-week summer section. Another alternative is a student may take one course in each of the two five-week summer sessions in Summer I; take distance learning courses over the Fall and Spring; and then take the remaining courses over the two five-week sessions in Summer II. With respect to MSPA 601 Accounting Research which covers a ten-week period (the two five-week summer sessions), this course should be taken in Summer II. It can meet up to six times during the two summer sessions, typically on Friday, with the meetings arranged with the professor and the other group participants. In other words, MSPA 601 is a hybrid in-class and distant learning class. If a meeting is required with the professor, it is flexible as to the time, date and length, depending upon the professor's need for explanation from the group on its research project.

What is the tuition for the Master of Science in Professional Accountancy?

The tuition for the Master of Science in Professional Accountancy is $31,500

How many hours does a student have to take at Marist College to be considered a full-time student in a graduate program?

A full-time student at Marist College is defined as a student who takes a minimum of nine (9) hours.

Are there scholarships or financial aid available to students admitted into the Master of Science in Professional Accountancy?

Yes, merit scholarships are available based on your cumulative GPA from your most recent degree granting institution. Financial aid is available to those who file their FAFSA. See Marist's Student Financial Services website for information on financial aid.

Can an applicant who obtains his/her undergraduate degree in accounting from an online institution (e.g., University of Phoenix) apply for admission into the Master of Science in Professional Accountancy?

Admission to the Master of Science in Professional Accountancy requires that the applicant receives his/her undergraduate degree in accounting from an AACSB accredited university. Accordingly, if the university that confers online degrees is AACSB accredited, a student from that university can apply for admission into the Master of Science in Professional Accountancy. Regional accreditation of such a university does not qualify as an accredited university for purposes of the Master of Science in Professional Accountancy.

Is a student admitted to the Master of Science in Professional Accountancy required to complete the degree requirements within one year after beginning the program?

While most students complete the requirements for the Master of Science in Professional Accountancy within a year after beginning the program, the program is flexible and permits students who may have work conflicts to arrange their classes around the conflicts. However, the student is required to inform the Director, Master of Science in Professional Accountancy, of his/her schedule to complete the requirements for the degree. Moreover, the Registrar will have to be informed if the student does not take classes in consecutive semesters. For example, the student takes Fall classes, but due to the busy season, he/she is required to miss the Spring semester.

Can a student take online courses on a non-matriculating basis?

No. Students cannot take online courses on a non-matriculating basis.

Where are the summer core classes taught?

The summer core classes are taught in Poughkeepsie.

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