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clips2007
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Posted: 13 Nov 2007 at 21:15 | IP Logged  

stateskool wrote:

Based on the above posts, are you applying to MBT program just for a shot at Big4?  Is that really worth it?  This all sounds crazy to me but three schools I always hear mentioned on the west coast for Masters in Tax program are USC, Golden Gate, and Univ of Denver.  Univ of Tx also has a great reputation but I dont consider them west coast.  If Big 4 is what you really want, any of the three options are good choices.  Before you waste all that money and time, really ask yourself if Big 4 is worth it.  Also, remember there is no guarantee they will hire you after completing the MBT program.  Maybe youre not Big4 material for whatever the reason.  Would MBT change that perception?      

I have few friends who work for Big 4 but all but one got there straight from undergrad.  The one exception went and got a JD before joining Big 4.  Also, isnt Big 4 moving all their compliance tax work to India?  With that said, does the ROI from MBT program even make sense?  Especially for someone who already passed the CPA exam.  I can understand people going to Law school in order to do more complex tax work but Im not so sure about the value of MBT for someone who already is a CPA.   



On that same note, there are people who get their MBT from USC or golden gate, spend 50K and go work for small local firms; everyone is different.  The reason I want to get it is because I don't have an accounting related degree (economics) and I'm trying to enter the profession. Also, I get to meet people with similar interests and join accounting related clubs. I think if you do well and get good grades you have a good chance of getting into the big four or a national firm no matter which school you choose. Is it worth it considering the costs? Maybe. I think its a better choice than a law degree.
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stateskool
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Posted: 13 Nov 2007 at 23:36 | IP Logged  

Clips - In your situation, I can completely understand why you are
pursuing a MBT. Good luck. I just question the ROI for someone who has
already passed the CPA exam and decides to go back to school for a MBT.
As you mentioned, 50K is a lot of money. Not to mention the opporunity
cost. Personally, I think putting 50K into an equity portfolio with heavy
investment in banking sector will get you a better return in couple of
years. Each to his own.

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All done with exam.
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clips2007
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Posted: 14 Nov 2007 at 00:49 | IP Logged  

stateskool wrote:
Clips - In your situation, I can completely understand why you are
pursuing a MBT. Good luck. I just question the ROI for someone who has
already passed the CPA exam and decides to go back to school for a MBT.
As you mentioned, 50K is a lot of money. Not to mention the opporunity
cost. Personally, I think putting 50K into an equity portfolio with heavy
investment in banking sector will get you a better return in couple of
years. Each to his own.


I'd buy google, rimm and apple. : )

take care
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$$CPA$$
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Posted: 14 Nov 2007 at 12:44 | IP Logged  

On that same note, there are people who get their MBT from USC or golden gate, spend 50K and go work for small local firms; everyone is different.  The reason I want to get it is because I don't have an accounting related degree (economics) and I'm trying to enter the profession. Also, I get to meet people with similar interests and join accounting related clubs. I think if you do well and get good grades you have a good chance of getting into the big four or a national firm no matter which school you choose. Is it worth it considering the costs? Maybe. I think its a better choice than a law degree.
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I AGREE 100%>>>>>>>>>

THAT"S WHAT I WANTED TO MENTION.

BTW, are you working currently for the CPA firm?



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thank you God!!!
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clips2007
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Posted: 14 Nov 2007 at 19:35 | IP Logged  

Nope, taking time off to finish BEC and FAR.
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