Most schools offer 'Tax track' or 'Audit track' for MACC program. Tax track students have to take more tax classes to meet graduation requirement, as the name implies.

But students are pretty much free to enroll in any accounting/tax classes provided by MACC program. There are always many ambitious students working on both tracks.   

Let me start by saying that entry level Audit jobs are very scarce right now.  Both firms and job candidates are in denial of the situation.  Firms don't want to admit they are just not hiring, hurts their image on campus.  Candidates do not want to be realistic, lest pessimism creeps in.

That said, a Bachelors with 3.5 GPA and CPA eligibility (150 hours) is all that top tier firms are looking for in audit hires.  A MAcc makes sense for non accounting majors to fulfill CPA eligibility requirements.  For somebody with a Bachelors, who is CPA eligible it makes no sense at all, just redundancy of Accounting knowledge.  Salary wise the premium is minimal.

On the other hand, a MST or MBT program is a good career investment for those planning to go into Taxation.  Good programs, provide a much deeper knowledge in taxation, compared to somebody with just a Bachelors in accounting.  Specially the Thesis at the end of the MBT program enhances a persons understanding of taxation immensely.  Firms too seek MBT's or MST's as Tax new hires.  Hiring of these students is much better compared to audit hires.

So decide what you want to get into Audit or Taxation.  Should you want to be in Taxation a MBT is great, for Auditing, I would say work hard to get a job, don't waste your energy on a Master's.

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