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Economics, Accounting, and Finance Department

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MS in Professional Accountancy

The Master of Science in Professional Accountancy (MSPAccy) is designed to provide accounting majors the opportunity to obtain an additional 30 college credits and a graduate degree to satisfy the 150 hours to be licensed as a Certified Public Accountant (CPA). The MSPAccy is an innovative graduate program composed of both in-class and online classes. Students admitted into the program will take full-time classes up to 18 credits during the summer, with the remaining 12 credits on a part-time distance learning basis in the fall and/or spring. Accounting firms hire accounting graduates to begin their careers in early September.

The MSPAccy is designed to address the requirement by accounting firms that entering accounting professionals have either completed the 150-credit requirement or have completed a substantial portion with a plan in place to complete the remaining requirements. Students admitted into the program in the summer may complete up to 60 percent of the degree requirements prior to beginning their career with an accounting firm, with the remaining credits completed in online classes.

 

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 that companies are pushing their hiring level to candidates with higher degrees.

  • The Department of Labor's Bureau of Labor Statistics noted that accountants who have a CPA and a master in accounting have an advantage in the market.

  • The Institute of Management Accountants' salary survey showed increased earnings for accountants with a graduate degree:

    • Last year, median compensation increased with level of education. Median base salary increased more than 14 percent 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 that they held an entry-level management accounting position, 55 percent reported having a master's degree.

  • The Robert Half Salary Guide showed professionals holding a graduate degree earned five to fifteen percent more than those holding only an undergraduate degree.

 

Summer Housing for MS in Professional Accountancy Students

On-campus housing is available to students enrolled in summer courses for the MS in Professional Accountancy program. An application will become available upon admission to the program. Students interested in living on-campus will be housed in Upper West Cedar apartments for a fee of $50 per week. On-campus housing is only available while summer courses are in progress. Summer session is for a duration of 12 weeks. Courses begin following Commencement in late May and end early-August.

Visit the Office of Housing & Residence Life for additional information.

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