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^ nope. if i remember right someone is supposed to contact us about classes, i forget her name.
my opinion of usc has gone down these past few weeks. in my opinion there isn't enough communication between USC and the student. i still have zero info about financial aid and how much i will need to borrow, usc messed up with my parking permit and had to send me a replacement, my usc email is not registering, i know nothing about payment and usc billing, etc etc.
i sound like a whiner. but of course, overall i am grateful for usc.
They also messed up on my parking permit - and I still don't have a clue about when they are going to send me a bill for summer intensive. I agree that the communcation between USC and students needs to improve. I hope It gets better by fall semester.
from what i got from Cathy, they will take care of registration for our summer classes. and from what i got from the financial aid office, is we get our aid in june w/ $20,500 max for stafford loans. nice picture silvertt .
^ you're talking about the macc site right? i had a formal pic for a day but my friend ian wanted me to do something controversial like taking a picture with a bruin reference in the background... i said no way. so i just went with a non formal pic instead, screw formality haha.
so i can tell that jlister is james lister on the site, but don't know anyone else. put a face to a screen name, reveal yourselves!
I just checked my status on the website and found out that I got in! Yay for me! However, I didn't get an acceptance email. Did everyone get an email? Also, my CIR doesn't state a deadline, and I didn't receive any scholarship info (I don't think I got any anyway). Should I email them and ask if I got any scholarships, or is that too blunt? And also ask them if I have a deadline for the CIR?
^ congrats squiggly. i got an email from Shirley, the one who interviewed me. imo you should have gotten some kind of email.
i just got my financial aid report and i'm not too happy at all. basically i'm 20k short, and the 20k i received all has to be paid back. this is a sharp contrast to a lot of the people here who got money thrown at them for free. a guy here with a 3.7 gpa with 700 gmat, almost exactly same as my stats, got a full ride offer.................. now there's other variables that separate him and me, no doubt, but full ride vs $0 is a huge difference.
i made the BIG mistake of not applying anywhere else. as already mentioned, it seems that USC will give you cash to steer you their way, regardless of what school you applied to. USC had leverage over me, and they knew it.
So I just applied for 2009-2010 as of Oct 31st 2008. Here are my stats GMAT 710 GPA 3.2 Accountancy from Villanova University AWA 5
Curious what you guys think I should expect for turnaround time on my application. It's been two weeks, and I'm sitting on pins and needles! Curious how many people have submitted an application for next year... and what people think are my chances of getting in. I know there has been a wide range of gmat scores and gpa's being accepted and declined.
Those are solid numbers, Sniper. I think you will get in.
But, I advise you to look at other schools and weigh your options. I went to USC and I cannot say it was worth the $50,000 price tag. My best advice to those looking into a MAcc degree is to seriously reconsider your options. Getting a CPA is what will help you the most, not a MAcc degree. Your pay with a MAcc degree is only marginally better than the pay for undergrad accounting majors. My friend who is currently in the program received an offer for 52k. A masters degree earning 52k is ridiculous. In the long term your MAcc degree does not matter. It is worth repeating: You do not need a MAcc degree, just get your CPA.
Here is some solid advice for students:
For those who majored in accounting as an undergrad: Get your CPA and apply to the Big 4. You do not need a MAcc degree. For those who did not major in accounting as an undergrad: Take classes elsewhere to get your units, then take the CPA. Apply to the Big 4. For those who feel a MAcc is absolutely necessary: Minimize your poor decision making by going to grad school at a cost effective institution.
You do not need to spend $50,000 to take a couple accounting classes. I learned the hard way... and I'm still paying. Best of luck.
*edit: my total bill at USC was not $40,000 but $50,000, just wanted to clarify.
I did my Macc right after ndergrad at mich, and was able to get scholarship in addtion work as a Gradutate Student Instructor (GSI) so in essence my Macc degree was free. I would look into both options.
BTW most states if not all now require 150 credit hours in order to sit for CPA exam so you really do need a Macc (or MBA with llot of accounting) in order to be eligble to sit for the exam
Smokedpotatoes I am aware of the units requirement (and I briefly mentioned it in my post).
A MAcc is not the only option to get your units. One of the best ways for students who didn't major in accounting is to go through a CPA certification program. My friend went through UCLA's certification program and was eligible to take the exam (and passed).
Another option is to make a special request to a calstate, asking to take accounting courses at the school.
And then if you must get a MAcc: Enter a cost effective MAcc program
^ I respect your opinion. But let me address your post.
The underlying theme behind my arguments is cost effectiveness. I just want to bluntly mention this, although I sprinkled that word several times in my posts.
My tuition at USC was close to $50,000 if you look at my total tab. $50,000 for a one year program. Cost effective? For a school like Yale or Stanford, sure. USC? Not at all. You mentioned CPA reimbursement by the firms. Their reimbursement is typically $5,000 (for Big 4, even less for mid to local firms) if one passes the test in the first year. The CPA reimbursement cannot even be compared to the ridiculous tuition costs at USC. $50,000 >> $5,000. Again, I'm looking at the big picture from a cost-benefit point of view.
Again, a CPA is far more important than a MAcc degree. There's evidence in the Big 4's pay structure: Look at masters students' salaries vs non masters students' salaries. The Big 4 pay differential signals how much more valuable they believe a MAcc degree is over a standard accounting B.S. degree. Do you know how small the difference is? Take a look at USC graduates' starting salaries.
Furthermore, look at the long run: the pay difference (as small as it is) converges as experience and leadership roles greatly eclipse the importance of a MAcc. Most graduate degrees greatly advance an individual's mobility--a MAcc is not one of them. At a Big 4, your MAcc degree bows down to experience and leadership history. This is undeniable.
I did not say to just simply go to any school. If you read my posts you'll notice that I recommended attending cost-effective schools.
While I was recruiting there were UCLA undergrads, CSUN undergrads, and even UCR undergrads alongside me and other USC MAcc students at Big 4 in-house interviews (all applying for the same entry-level position). Students from cost-effective schools can expect to do just as well as USC MAcc students (and avoid $50,000 in debt) as evidenced by Big 4 recruiting history.
BeenThereDoneThat, For the most part I would agree with you. In fact I believe that in the long run a Macc degree is not worth much without a CPA (or intention to get your CPA if you just graduated). That being said I would disagree without about which school one chooses to get his/her Macc degree. In my opinion the better the program’s reputation the better the quality of firms that recruit at that a given school. A smaller less known school/program will most likely only get recruiters from regional firms or some big 4 firms that are hiring locally. In terms of cost many schools are generous with scholarships to offset the costs of the program. As I previously stated I attended the University of Michigan for undergrad, and then did the UM Macc program as well. Through a combination of scholarships and working as a graduate student instructor (GSI) where I taught an undergrad intro to accounting course, my tuition was free. The scholarships and GSI options are something to look into. As with MBA programs the better quality school you attend the more exposure you will get to interview and land a job at a top firm in the city of your choice. SP
One thing that nobody has taken into consideration on the cost of USC is the benefit of how short the program is. All of the other programs in LA that I looked at were 1 1/2 - 2 years full time. (cal states, pepperdine) Graduating that much earlier is definitely worth money don't you think? If nothing else, the opportunity cost of continuing school while you could have been working at a Big 4 and earning even a meager "entry level" salary should offset the higher tuition cost.
I don't think there is right or wrong way to do this.
However, after Aug 2009 - all states are required to have 150 hours of college credits in order to sit for a CPA exam - therefore, undergrad vs grad salary no longer matters.
Secondly, many people care about the quality of reputation of schools they attend. Many choose USC for its stellar program, reputation and ability to place students in Big 4 accounting firms year after year. Also, Big 4 accounting firms recruit at specific schools only when it comes to hiring certain positions/programs. Not all recruiting effort is the same.
There is nothing wrong with choosing the cost-effective path. However, this probably means choosing schools with less stellar reputation or less name recognition. USC's competitive admission for their MS program (year after year) is a proof that many DO care about where they study. If USC does not offer much benefits than lesser schools, then they simply can not draw top students to their program every year with current tuition rate. (simply in demand vs supply view)
Big name schools often have better facilities, faculties, and resources compared to other schools (w. less name recognition). I am sure one can attend smaller programs and successfully land at Big 4 (which is very true since I see resumes from small schools I've never heard of all the time when interviewing).
But just like MBA applicants in this forum ask themselves questions such as "UNC + Scholarship vs Cornell w zero scholarship" or something similar, it is up to the individual to decide how he/she wants to do this.