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Macc, MSA or MS in Accounting before MBA - is it worth it?? [#permalink]
29 Dec 2004, 20:44
i have been thinking for the past few weeks about doing a masters in accounting. i've already researched the best programs in the coutnry, - illinois, texas, michigan, ohio etc. but my quesiton is different - how would you rate a masters of accounting, when compared to ms in finance or economics for example. i will do an MBA eventually, but since i am getting my undergrad degree in accounting and finance this may in 2005, i would be at a disadvantage without post-bacchalourate work experience, required [recommended] by most of the top MBA programs. I want to get my CPA and CMA eventually and i think that a masters degree in accounting will strengthen my resume and chances of good post-masters employment. i think i would be able to get into a good masters program since i already have a solid background in accounting and target a stellar GMAT [750+ , GGGOOD i hope so ;]]] + the fact that these programs do not require work experience, which will improve my chances of getting in and benefit greatly from the exposure to graduate work in accounting, which is a field i adore. Would any of you guys, who already have some years of FT work experience and some masters degrees under your belt recommend i do the masters in accounting before i apply to a top MBA program?? i really think it will improve my chances since i can apply when i am 28-29 and i am only 23 now. thanks for the advice in advance.
A Masters in Accounting versus an MS in Finance. I'm not sure that a masters in Economics pr Finance makes sense for most people who ultimately want to get an MBA (because of the large potential overlap. I also wouldn't recommend pursusing the masters degree simply because you believe it help your chances to get in.
If you're passionate about accounting (sounds like you are) and have a good feel for the job opportunities that you'll get with the degree, then I'd go for it.
thanks for the input, i am interested in the field of accounting more than anything else. yes i have considered the potentional overlap between MBA and MS. if i consider a career change sometime down the road an MBA might help. but who knows. thanks for the advice.
i guess my other question is - would a top b-school deny admissions to anyone because of the potential overlap between a MS and MBA?? can anyone share stories or confirm this with examples. i know its not an easy quesito to answer and that adcoms look at the whole package gmat/we/gpa etc. but would a MS impede an applicant at a top b-school in any way, shape or form based solely on the potential overlap of courses??
I guess there is always the fear that you might be a degree collector, but this could be offset if you received a degree in accounting and worked as a CPA. If you purposely took all of your acctg courses in the general MBA program as some sort of mini-MBA that could concern some admissions officers. Nonetheless, you could justify a few of these courses as part of a well rounded accounting education.
It's highly unlikely you'll get dinged because of MS. In fact in most cases it probably helps (especially if it's in accounting, because most MBA curriculla don't really delve into accounting the same way that MS programs do). The question more or less is do you need both? And I think you're interested in accounting, so you'll pursue the MS and in the future should you desire a career change then you'll pursue an MBA. That sounds like sound thinking to me and certainly should not hurt your MBA chances later on should you choose to pursue that route.
i really appreiciate your time guys and all the advice. i am definitely pursuing my MS degree in accounting no matter what, i am also planning to work as a CPA for a few years. as hjort put it - that will help offset the 'degree collector' impression some adcoms can have of me. whether i need the MBA or not is a tought question and a very important one for me. the reason for my MS is the advanced training in accounting that i will receive from it, which will give me the necessary background for potential career in management wherever that may be. if i will be considering a career change in the futue - financial industry/IB or just higher management of a MNC or smth of that nature, an eventual MBA will help me get there. but then again there is that if.... thanks for all the advice once again. cheers