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Hello all, I was looking for your input as to which school would be the better choice in regards to obtaining a Masters of Accounting. Currently, I am choosing between UNC and Wake Forest. I would ideally like to work at a Big Four accounting firm but I have no preference when it comes to location. If anyone is familiar with these programs, could you please compare them so I can gather information on the schools and weigh my options. Thanks in advance!
I graduated from Wake Forest and went through their accounting program. It is a very tough program but when you graduate, you will probably pass the CPA exam on your first attempt.....I did. Also, when I was there, it was the big 6 and there was a ton of recruiting by them. Every student had an interview with each of the Big 6 firms. Literally, at LEAST 90% of us got offers from Big 6 firms. I went to work for Arthur Andersen and in our office, almost everyone either came from Wake or UNC. As far as which program is better, not sure but I would say that it is easier to get a job with the Big 4 from Wake. Good luck
I take it that you graduated a few years ago, long before the recession, in fact, since you referenced Arthur Andersen, which collapsed in 2002. In this recession, the hiring, I believe, is way down. Last year, I think only about 75% of people come out of OCR with a job. This is the link for UNC's class of 2010 kenan-flagler.unc.edu/assets/documents/employment-stats-2010.pdf For Wake Forest, I'm not sure of the situation, but it cannot be better than UNC because UNC is a much better school according to the Public Accounting Report (PAR) ranking. Take it for what it's worth.
Big 6? Holy crap that's old. Way before the recession hit. Probably before any of the people even enter high school. The Big 6 used to be Andersen Worldwide, Ernst & Young, Deloitte & Touche, Coopers & Lybrand, KPMG Peat Marwick and Price Waterhouse. Of course, now it's the Big 4 with andersen imploded during the enron scandal in 2002. Pricewaterhouse merged with coopers and lybrand in 1998. Doing good time wake might do a 90% and feed into the big 4 but i seriously doubt any school has that high of an employment statistics now.
Ha ha, yes I am old! My point is that UNC or Wake is going to put you in front of the big accounting firms and you will have no trouble passing the CPA exam......cannot ask for more than that in any economy. Cannot go wrong with Texas though...good luck.
I was accepted into Wake Forest's MSA program and UT's MPA program and I'm still trying to decide which one to finally go with. My main criteria is choosing the program that has the best instruction and will provide me with the best preparation for the CPA exam. I feel that Wake Forest has the better teachers but I could be wrong. Can anyone provide his or her opinion on this?
Wake has lead the nation in pass rate 6 times. A few years ago it was around 83% but I think UT was in the 70s. I don't think you could go wrong with either of them. I am naturally biased as I graduated from Wake and am entering the MBA program in the fall.
When I was at Wake, it was very tough. Many of our accounting exams were 3 hour exams and you had to know you stuff just to get a C. I was a B/C student and passed the exam on my first attempt.....and the reason why so many passed was because the cpa exam was easier than what we were used to.
A big factor is your decision should be where you want to end up working and living after graduating. East coast go with Wake....if you want to stay West go with Texas. Just my thoughts.....
wfucpa, thanks for the great info and advice. Want to ask you how you would rate the WFU professors and their ability to teach, i.e. pass on information to their students in an understandable way. Also, how would you rate, if you have knowledge of, the career placement for accounting graduates in the private equity and investment banking sectors?
I have long been out of the accounting program at Wake and most of the professors that I had are probably gone. But, I thought they were really good....they were just tough. As far as career placement...when I was there it was all about public accounting....big 4 and large regional mainly. I cannot speak for how it is today but I would say that it is probably very similar to the way that it used to be. Those questions could probably be better answered throught the program itself. I found my MBA admissions guy very helpful.....I would talk to them about career placement.
wfucpa, thanks again for your info and your suggestion. I'll do as you say and learn as much as I can. I want to make a final decision by next week. I'll post what I learned and what I decided. Thanks again!