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15 Mar 2020, 08:16
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Hello,
I have a strong interest in accounting research/teaching and I'm in the early steps of working towards the PhD route. I graduated from Iowa State University in accounting with a cumulative GPA of 3.62 and an accounting GPA of roughly 3.8. Since graduating, I've gained 3 years of experience working at an F500 company and got my CPA.
My next step is to obviously take the GMAT, but before that, I'm seeking some advice about what type of master's program to choose. I know a master's degree isn't necessarily required, but I've looked up the credentials of accounting faculty at multiple universities across the United States, and I would say at least 90% hold a master's degree.
My main question is if I'm hoping to get into a low to a mid-tier PhD program, how important is the ranking of my master's degree program? I work full-time and can't afford to leave my job for a full-time program or spend $50K. My only option for an in-person, part-time master's (an MBA with a specialization in accounting), would be at Iowa State's Ivy College of Business (decently ranked) or Drake University (comparably priced to Iowa State University, but hold a lower ranking). Both of these programs are around $30K. I've also found a few AACSB schools that offer an MBA in accounting, costing around $15K and 100% online. (University of Southern Indiana, Southeastern Oklahoma State, and University of Texas Permian Basin, for example). Would pursuing an MBA from one of these programs make me less desirable for a low-tier program? And as an FYI, I would like to go the MBA route as it seems most Master of Accountancy programs are geared towards students wanting to gain the 150-credit requirement for the CPA. I already have the CPA, and I think an MBA would be more valuable if I decide not to pursue a PhD (or don't get into a program).
I have a strong interest in accounting research/teaching and I'm in the early steps of working towards the PhD route. I graduated from Iowa State University in accounting with a cumulative GPA of 3.62 and an accounting GPA of roughly 3.8. Since graduating, I've gained 3 years of experience working at an F500 company and got my CPA.
My next step is to obviously take the GMAT, but before that, I'm seeking some advice about what type of master's program to choose. I know a master's degree isn't necessarily required, but I've looked up the credentials of accounting faculty at multiple universities across the United States, and I would say at least 90% hold a master's degree.
My main question is if I'm hoping to get into a low to a mid-tier PhD program, how important is the ranking of my master's degree program? I work full-time and can't afford to leave my job for a full-time program or spend $50K. My only option for an in-person, part-time master's (an MBA with a specialization in accounting), would be at Iowa State's Ivy College of Business (decently ranked) or Drake University (comparably priced to Iowa State University, but hold a lower ranking). Both of these programs are around $30K. I've also found a few AACSB schools that offer an MBA in accounting, costing around $15K and 100% online. (University of Southern Indiana, Southeastern Oklahoma State, and University of Texas Permian Basin, for example). Would pursuing an MBA from one of these programs make me less desirable for a low-tier program? And as an FYI, I would like to go the MBA route as it seems most Master of Accountancy programs are geared towards students wanting to gain the 150-credit requirement for the CPA. I already have the CPA, and I think an MBA would be more valuable if I decide not to pursue a PhD (or don't get into a program).
16 Mar 2020, 23:14
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eman12771
I also feel a master's course will definitely be very useful before you embark on your PhD journey, however, MBA is not the right degree.
Go for a master's degree, which will have lots of Probability theory, statistics theory, linear algebra, econometrics, research-based courses, accounting seminars, improve your programming skills, work on SAS/STATA/LATEX/PYTHON etc. Why do you want to spend time learning OB, HR, marketing, and operations related courses when you are clear that you want to do an accounting Ph.D. I am not saying that learning MBA courses is bad and they will not be useful. My point is you can invest your time in a better way and make your application better. Do a research masters instead. You can also think of becoming a research associate and simultaneously do research-based courses and help the professor who would give you a letter of recommendation. Think of all these lines rather than doing an MBA. According to me, MBA will require you to spend lots of money and return on your investment will be less.
17 Mar 2020, 05:12
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CAMANISHPARMAR
Thank you for your feedback! I did notice many accounting faculty members had MBA degrees, so I assume it won't necessarily hurt. At this point in time, my options are kind of limited since I can't afford to leave my full-time job yet. I was lucky enough to find an MBA program that had several research-based courses at a price in my budget, so if anything, that may give me some decent experience before applying for a PhD program.
