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# MAcc, MAS, MS in Accounting - is it worth it ????

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MAcc, MAS, MS in Accounting - is it worth it ???? [#permalink]

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29 Dec 2004, 21:30
hi,

kayser
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02 Jan 2005, 15:20
Please give us an idea of what you plan to do between getting a masters and entering an MBA program: Work for an accounting firm? Start your own business? Enter financial services?
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02 Jan 2005, 23:34
i guess what i want to do between the masters and the MBA is get my CPA licence and probably work for a major accounting firm. but i also want to start my own practice; whether it will be between the MBA and masters i doubt it, but you never know.
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03 Jan 2005, 16:56
If you plan on becoming a CPA, a masters of accounting seems like a logical step. I would not be too concerned if there is some overlap between your MS and an eventual MBA since this overlap can give you an advantage over other students when competing for top grades.
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03 Jan 2005, 22:17

yeah the overlap will be inevitable. i would like to also think that a MS + CPA will give me a substantial basis for the fundamentals in the rigor of an MBA. my main concern though is - wouldn't i be considered 'too common' or just another accountant when applying to a top MBA, since most applicants with an accounting background will have a CPA or at least MS??
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02 Feb 2005, 02:48
Kayser_sore,

My opinion is this (my background - fmr. mgr at PwC, CPA from MA)

1. MS in Accountancy would be redundant - All of the expertise you need to work at the Big Five is learned at the undergraduate level. Once obtaining your certification, it is equivalent to a MS in Accounting (especially with your Big4 experience).

2. I think you would be better served with a master's
degree in finance or economics - The choice of your degree is highly dependent on what your plans are re: MBA
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02 Feb 2005, 02:57
Do not get the CMA certification - it is a bit redundant (and it is presumed that as a CPA that you understand management accounting) ...

If you are interested in an alternative that would show your ability to handle graduate material - you should consider the CFA certification - it is difficult but it has many rewards (especially in the Inv Mgmt community). It is looked upon highly favorably by MBA admission committees as a testament to self -learning and academic acumen.

Good luck - it will be an exciting ride
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08 Feb 2005, 12:36
thairakthai wrote:

If you are interested in an alternative that would show your ability to handle graduate material - you should consider the CFA certification - it is difficult but it has many rewards (especially in the Inv Mgmt community).

I was aspired to take a CFA level 1 course.

But

When I've asked all of my finance TAs about the CFA and they didn't know anything about it. "With a finance degree is all you need..."

Last edited by Ã©tudiant on 08 Feb 2005, 13:13, edited 1 time in total.
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08 Feb 2005, 13:02
The response of your TAs could stem from the fact that the CFA is a "postgraduate" certification and thus people usually pursue it a few years after leaving college. Further, since it is a professional certification your TAs might not be as familiar with it as a more conventional academic certification (ie a degree).

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08 Feb 2005, 21:52
thairakthai wrote:
Kayser_sore,

My opinion is this (my background - fmr. mgr at PwC, CPA from MA)

1. MS in Accountancy would be redundant - All of the expertise you need to work at the Big Five is learned at the undergraduate level. Once obtaining your certification, it is equivalent to a MS in Accounting (especially with your Big4 experience).

2. I think you would be better served with a master's
degree in finance or economics - The choice of your degree is highly dependent on what your plans are re: MBA

thanks for you advice - can u share some more on your background - schoo/previous experience before PWC . thanks
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08 Feb 2005, 21:54
can anyone share more info on the CFA examination and cerification process ? what are the benefits and career paths? i am really unfamiliar with it and i would appreciate it if someone could share their view.

kayser
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09 Feb 2005, 17:29
I'm sure that Kayser has already seen this but others might find this useful:

http://www.cfainstitute.org/cfaprogram/

http://www.analystforum.com/121304.shtml

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03 Aug 2005, 22:24
Although there is some tendency to assume that CPA's know management accounting, the line between financial and managerial accounting is becoming thicker and thicker.

The IMA (Institute of Management Accountants) is reworking the CMA examination, making it harder, as well as selling it as a valuable asset. It's becoming more recognized over time, specially in private corporations (where most accountats want to work after being beat up by Big 4 for a few years). IBM stresses it and contracts professors from top universities to teach CMA courses throughout the year.

Also, if you've already passed the CPA, the IMA waives the financial section of the CMA exam.
CMA certification   [#permalink] 03 Aug 2005, 22:24
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