Masters in Accounting in USA: All About MS in Accounting in USA Image
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Masters in Accounting in USA: All About MS in Accounting in USA

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Yocket Editorial Team
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A Masters in Accounting USA can assist students in having a prosperous accounting career as there is an increasing need for qualified accounting professionals both domestically and abroad. Numerous international students are drawn to pursue MBA in accounting in USA. In order to receive a graduate education that is well-rounded, students can also encounter culture, and a variety of activities.

One of the advantages of pursuing an MS in accounting in USA is the scope it offers. A stable employment path is provided by the US accounting master’s program. You can develop excellent analytical skills by earning an MS in accounting in the US. So, keep reading as we unravel all about MS in Accounting USA, and lots of other relevant details!

Table Of Contents
  1. Why Study MS in Accounting in USA?
  2. Top Universities in USA for Masters in Accounting
  3. Course Overview of Masters in Accounting USA
  4. Eligibility Criteria and Documents Required for Masters in Accounting USA
  5. Application Process for MS in Accounting in USA
  6. Cost of Studying MS in Accounting in USA
  7. Scholarships Offered for Masters in Accounting in USA
  8. Career Scope After Masters in Accounting USA
  9. Frequently Asked Questions about MS in Accounting in USA

Why Study MS in Accounting in USA?

Accountancy MS in USA not only qualifies you for the CPA exam, which is the most stringent need for competence in the accounting profession globally and is accredited by the AICPA, the most important accounting body, but also helps in building analytical skills. The flexible Masters in Accounting USA program is outfitted with cutting-edge technology to ensure that the students experience worldwide growth and excel in their fields. Some of the reasons why students prefer MSC accounting USA:

  • There is a solid job scope in accounting in the USA with a good pay-scale offered.
  • According to WES data, 82% of overseas graduates get a good job within six months of the program's end.
  • According to the report, 74% of companies value US degrees more. As a result, it significantly advances a career even after students return to their own nations.

Suggested: Top Reasons to Study MS in USA

Top Universities in USA for Masters in Accounting

There are many universities in the US offering masters in accounting, but only few make it to the top. We have listed below some of the top universities offering masters in accounting.

  1. University of Pennsylvania
  2. Columbia University
  3. University of Michigan 
  4. Northwestern University
  5. University of Texas
  6. Ohio State University

Let us get into the details of each of these top universities in USA for masters in accounting:

University of Pennsylvania

Philadelphia is home to the private Ivy League research university known as the University of Pennsylvania. The accounting major program aids students in developing the abilities to quantify and explain the financial operations of a company.

Type

Private

QS Ranking 2023

13

Program Offered

MBA Accounting

Programs Fees (Annual)

USD 79,106 (INR 63,00,000)

Suggested: MS in USA Without GRE

Columbia University

Columbia University, a private research university was founded in 1754 by George II of Great Britain, making it the fifth-oldest higher education institution in the country. The three-semester Masters of Science in Accounting and Fundamental Analysis program has STEM designation. It emphasises processing accounting information in investment analysis while concentrating on active, basic investing.

Type

Private

QS Ranking 2023

22

Program Offered

Master of Science in Accounting and Fundamental Analysis

Program Fees (Annual)

USD 62,783.31 (INR 50,00,000)

Suggested: Best MS Specializations in USA

University of Michigan  

The Institution of Michigan is a renowned public research university in the US that was founded in 1817. The main campus of University of Michigan, which is the oldest university in Michigan, is located in Ann Arbor.The MSC Accounting USA course by the university helps to develop your cross-disciplinary business skills and make connections with other graduate students.

Type

Public

QS Ranking 2023

25

Program Offered

Master of Accounting

Program Fees (Annual)

USD 52,737.98 (INR 42,00,000)

Suggested: How to Choose Your University in US for MS?

Northwestern University

The three campuses and international reach of Northwestern University go beyond the bounds of conventional higher education. Students who major in accounting gain a solid understanding of financial valuation and reporting theory and practise, as well as how accounting is used to set benchmarks, track and enhance organisational performance, and improve governance.

Type

Public

QS Ranking 2023

32

QS Subject Ranking 2023

94

Program Offered

MBA with Accounting Major

Program Fees (Annual)

USD 72,828.64 (INR 58,00,000)

University of Texas- Dallas

The University of Texas at Dallas was founded in 1969 and is a public research institution connected to the Universities Research Association. The Accounting course assists aspirants in building skills. Students who successfully complete the programme may be qualified to sit for the Uniform CPA Exam if they satisfy the standards of each state's board of public accounting.

Type

Public

QS Ranking 2023

521-530

Program Offered

Master of Professional Accounting

Program Fees (Annual)

USD 41,436.98 (INR 33,00,000)

Suggested: Low Tuition Fee Universities for MS in US

Ohio State University

Public research university Ohio State University was founded in 1870 and is a member of APLU, BTAA, ORAU, and AAU. The Master of Accounting (MAcc) graduate program at Ohio State is a leader in the country as one of the first STEM-designated accounting schools in the United States. Offered by the Fisher School of Business, it gives individualised, practical learning opportunities to help you get ready for the real world.

Type

Public

QS Ranking 2023

140

Program Offered

Master of Accounting

Program Fees (Annual)

USD 55,249.31 (INR 44,00,000)

Course Overview of Masters in Accounting USA

In the USA, universities offer a 30-credit program for a master's in accounting which lasts for 1-2 years. Along with corporate strategy and financing, the essential accounting principles are the emphasis of the program. The course covers:

  • Accounting Information System
  • Financial Reporting, and Services,
  • Government Accounting Control
  • Forensic Accounting

Given below are the highlights for masters in accounting in USA for international students:

Popular Course Offered

  • Master of Accounting
  • Master of Professional Accounting
  • MBA with Accounting Major
  • Master of Science in Accounting and Fundamental Analysis

Course Duration

1.5- 2 Years

Top Universities

  • University of Pennsylvania
  • Columbia University
  • University of Michigan 
  • Northwestern University
  • University of Texas
  • Ohio State University

Average Tuition Fees

USD 67,80,5.97 (INR 54, 00,000).

Minimum GRE Score

162 or more

English Proficiency Test Score

TOEFL- 600 (on-paper) 100-250 (computer-based)

IELTS- 7.5

GMAT- 752

Suggested: All about MS in Finance in US

What is the CPA Exam?

Successful completion of the CPA (Certified Public Accountant) exams grants the right to practise accounting in the USA. This makes passing this test a requirement for all accountants.

The exam is divided into four sections: Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Auditing and Attestation (AUD) (BEC).

Suggested: SOP for Accounting and Finance

Eligibility Criteria and Documents Required for Masters in Accounting USA

Let us now move forward to discover the eligibility criteria for masters in accounting USA:

  • Educational Qualification
  • English Language Proficiency Test Scores
  • Standardised Test Scores

Educational Qualification

Students need to provide a bachelor's degree in commerce or accounting stream from a recognized college/university with the appropriate marks.

English Language Proficiency Test Scores

Students applying for the MSC accounting USA need to submit the score of the English Language Proficiency test. However, the score may differ according to the university.

  • TOEFL- 600 (on-paper) 100-250 (computer-based)
  • IELTS- 7.5
  • GRE- 162 or more
  • GMAT- 752

Standardised Test Scores

You may be asked to give US entrance exam scores, such as the GRE/GMAT for MSC/MBA in accounting. These scores are rarely sought, but if you have already taken the test, keep them on file. In some cases, students also get admitted to do masters in accounting in USA without GMAT.

Documents Required for top accounting masters programs in the US are as follows:

  • Statement of Purpose
  • Letter of Recommendation
  • Resume/CV
  • GMA/GRE score
  • Personal Essay
  • Academic Documents
  • A valid passport is compulsory
  • Proof of Financial Support

Suggested: Eligibility and Requirements to Study MS in USA

Application Process for MS in Accounting in USA

Next, let us help you with the application process for masters in accounting in USA for international students:

  • To get the admission in any of the top ranked universities in USA, students need to follow the admission process. Below are the steps:
  • Examine the admissions requirements of the university offering master's in accounting. Determine which exam you must take and which documents you must submit.
  • Fill out the application form. You can avail the admission application online.
  • Ensure that all documents are submitted by the application deadline. Check the website to see how far your application has progressed.
  • If a student meets all of the prerequisites, the university invites the student to take the entrance exam.
  • The cut-off for the entrance exam depends on the university. If an applicant performs well on the entrance exam and meets the cut-off, the next step is processed.

Suggested: Admission Process for MS in USA

Cost of Studying MS in Accounting in USA

The cost of the Masters in Accounting program in the United States can be broadly divided into tuition costs, cost of living in the United States, etc. The overall annual cost of studying accounting masters in the USA is around USD 62,788 (INR 50, 00,000).

The cost of living is a crucial consideration for students who want to study in the USA. The majority of the cash is spent on housing for international students in the US.  

Suggested: Cost of MS in USA

Scholarships Offered for Masters in Accounting in USA

The cost of a Masters in Accounting program in the USA might be high, thus to help students manage their finances, scholarships are provided. There are universities and colleges offering financial grants for students. Using any of these grants, students can apply for the best accounting master program in USA. Some of these are:

Scholarships

Amount (in USD)

Penn GSE Merit-Based Scholarship

Varies

Master of Science in Accounting Scholarship

10,000 (INR 79,63,90)

MPA Merit Scholarships and Tuition waiver

Varies

Merit-Based Scholarship

7,000 (INR 55,74,73)

Suggested: How to Finance Your MS in USA?

Career Scope After Masters in Accounting USA

A student's career path will gain a much-needed edge by attending school in the United States. In addition to the top-notch education provided by the colleges, local employers provide outstanding compensation packages to candidates who complete a master's in accounting. The average annual salary is around USD 68,350 (INR 54,43,325). Roles and highest paying jobs in USA for accounting are:

Job Profile

Annual Average Payscale (in USD)

Loan Officer

60271 (INR 48,00,000)

Purchasing Manager

64038.98 (INR 51,00,000)

Accountants and auditors

66550.31 (INR 53,00,000)

Budget Analysts

72828.64 (INR 58,00,000)

Suggested: Jobs after MS in USA

The quality of education in the USA is certainly at the top. Additionally, accounting experts have a greater employable rate and annual payoffs than other professionals. These are the only elements that make earning a master's degree in accounting in the United States beneficial. Admission in MBA in accounting in USA is pretty handy, but has a process to follow. If you are seeking the same, why not connect with Yocket professionals for assistance?

Frequently Asked Questions about MS in Accounting in USA

Ques. Is a masters in accounting in the USA worth it?

Ans. Yes, despite the high cost of tuition, the quality of education in the USA is great. So masters in accounting in the USA can serve students with good package jobs. This justifies the study's value.

Ques. Is GMAT/GRE score important for masters in accounting in the USA?

Ans. Not all universities would seek the score of GMAT/GRE for the masters in accounting in USA. You can still check for masters in accounting in USA without GMAT.

Ques. Are there masters programs in accounting for non-accounting majors in bachelors?

Ans. Yes, University of Kansas, University of North Carolina, Florida State University, and few others offer master's in accounting programs in the United States.

Ques. What is the overall annual fee to pursue Masters in accounting in the USA?

Ans. The overall annual cost of studying accounting masters in the USA is around USD 62788 (INR 50, 00,000).

Ques.Is it possible to study MS in Accounting in the US for free?

Ans. No, but you can seek scholarships offered by universities to pursue MSc in Accounting in the USA that can save money.

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