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Subject Topic: MAcc versus Accounting Certificate (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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dthmok227
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Joined: 03 Jun 2012
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Posted: 03 Jun 2012 at 21:44 | IP Logged  

Hi,

I'm pretty lost trying to decide between pursuing an MAcc or getting an
Accounting Certification - on the ultimate track of taking the CPA exam.

UNDERGRAD: UCLA - English Lit
GMAT: 660

USC has an MAcc program with an extra semester for non-accounting
undergrads. It's a year long (summer / fall / winter), full time, and
approximately $75K.

UCLA Extension has a certification that consists of 24 accounting units
and 24 business units - approximately $10K (plus the classes are in the
evening, so I can keep my job and pay for it as i go).

I don't really have the "Big 4" mentality, and think I'd be a better fit at a
mid-size or small firm, a law firm or possibly at a non-accountancy
company who needs someone to handle their finances. Or, better yet,
have my own network of private clients who I can service from anywhere
in the world (my partner has a "creative" job that requires constant and
extended travel).   

I'm all about having the "MAcc" or some type of masters degree on my
resume, but, with my career goals in mind, is it worth it? And, if I can't
get into a good school with name recognition, is there a point?

Thanks in advance to anyone who takes the time to comment :)
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Virgil
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Posted: 11 Jun 2012 at 20:43 | IP Logged  

1. When I was a junior in undergrad, I thought I didn't have the "big 4
mentality" either. Sure, the corporate culture exists there yada yada
yada, but you get to meet friendly and smart people who have similar
goals. Just saying, don't close the door too early without talking to a few
big 4 employees or alumni.

2. Each university program is different, and you should definitely do
your homework on how well recruited each program is. If I were you, I'd
find out if the college career center has job or internship listings. Many
times they post those publicly, and each job lists the requirements that
each firm is looking for. From there you can get an idea of how
competitive the environment is (e.g. Jobs to student body ratio).

That being said, certificate programs, while cheaper than a full fledge
Master's, carry a reputation of having little or no access to recruiting.
Being a non-accounting undergrad, you need to focus on maximizing
your chances on being recognized and noticed. This is especially true
in today's ultra competitive market.

Don't think that this only applies to the Big 4. Midsize fims also recruit
students they have gotten to know through school functions, accounting
organizations, referrals from professors, volunteering, etc. Point is,
being in a Macc program gives you that exposure. A certificate program
might not.
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