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I have scoured the internet for the answer to this question, if someone could PLEASE provide some educated input I would greatly appreciate it.
I am graduating with a BS in Accounting this winter. My plans are to do an accounting internship over next summer and then enter a MAcc program (leaning towards USC). Now let's assume that everything goes to plan and I go to USC, graduate, get a Big 4 job, and get my CPA license (I know, that's a BIG assumption). Now, let's say a couple years in I think, "this job is OK for the short run, but I'm not staying here forever" (which, lets face it, is very likely in public accounting). Now, this is where my question comes in... would it be beneficial to obtain my MBA (let's say at a good school on a part-time basis) in order to advance my opportunities of climbing the corporate ladder once I've left public accounting?
I realize this is all hypothetical, but any answers with your justification would be appreciated. I guess I'm curious on how far Big 4 experience, a MAcc, and CPA would get me in the corporate world. Would I be at a disadvantage without that MBA? (ASSUMING my ambition is limitless)
Re: MBA after MAcc?? [#permalink]
20 Dec 2008, 10:33
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I am applying for FT MBA for Fall'09 and I applied to 6 schools. (Yale, Haas, Kellogg, Chicago, Stern, Tuck).
So far, I got wait listed at Tuck and accepted at Kellogg and Chicago.
3.5 UG GPA Top 20 Private School Major: Accounting 3.8 MS GPA in MS in Information Systems Work Exp: Almost 4 years so far at Big 4 firm (1.5 in taxation, rest at IT audit)
I have CPA, CIA and CMA.
I never planned on staying in Public Accounting forever. I always planned on long enough to get certified for CPA (at least) and gain experience until reaching a senior or manager position. (Currently a senior)
Perception many people have is that just because you come from public accounting background, it doesn't mean you can't to MBA. In fact, I think we (Big 4 accountants) are in favorable position because we won't necessarily have to concentrate our studies on finance during MBA. (No one will question our fin/accounting skills w CPA)
We can enhance our professional skills by taking on new concentration. I personally plan on concentrating in general management or strategy.
Keep on doing great work at your current jobs as public accountants. Network (you will need rec letters), and take on new challenges to make your application to stand out. Do lots of extra curricular (I ran in 2007 NYC Marathon, JP Morgan Corp challenge etc etc)
PM me if you have any questions.
Re: MBA after MAcc??
20 Dec 2008, 10:33