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Do I have to go to a top business school for a Master's in Accounting (MSA) & CPA?
Published by: webmaster 2010-03-16
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Do I have to go to a top business school for a Master's in Accounting (MSA) & CPA?

Hello,

I have a BA in Anthropology. At the undergraduate level, I have one general Math/Algebra class and one Statistics class (both of which I received As in). I have no prior accounting or finance experience.
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For a career change, I plan on attending graduate school for a Master of Science in Accountancy/Accounting (M.S.A.) degree, then pursuing the CPA credential.

My question is; how important is the reputation or ranking of the school from which I receive my MS (considering that I also plan to become a CPA) when it comes to getting hired by a company?
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The schools I am looking at in Chicago are:

DePaul (seems highly selective & expensive) AACSB
Loyola (seems less selective, but still expensive) AACSB
University of Illinois at Chicago (seems highly selective, but inexpensive) AACSB
Roosevelt University (less selective and inexpensive) ACBSP

The first 3 schools have pretty good reputations, but the last one doesn't seem to, not sure??? It only has the ACBSP accreditation.
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I would hate to incur more debt of $40k for a degree when a degree from a much more affordable school would get me "almost" the same type of job.

UIC would be my top choice (good reputation and cheaper), but it could be very difficult to get into, so my fall-back in order to save money would be Roosevelt Universityâ ¦ACBSP accreditation only.

What do think I should do? Fork out the cash for a better school or go with the less prestigious cheaper school. As long as I have my CPA, will it matter?

Thanks!

Additional Details

Thank you for your reply....but, isn't your education on your resume? Just keep in mind that you will have to meet the requirements for the CPA and that varies by state. And as far as the school, what makes the real difference is how much effort you put into it. If you are lazy it won't matter, the person who puts the time and effort will run circles around someone who is hoping that the name of their school will help them out.

Remember, as a CPA your clients want you to know what you're doing, I've never been asked what school I went too, unless the conversation was about football, lol.


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