You have a bachelors in business finance already and want to get into accounting then should you get another bachelors in accounting or get a masters in accounting?

Answer 1

AnswerGetting a master's degree in accounting should help if you're in a state that requires 150 hours to be licensed as a CPA. Typical masters programs, commonly called MACCs, are designed to get undergraduate accounting students the 30 credits needed to be licensed. A MACC program should help prepare students for the CPA exam.

However, a MACC isn't always necessary. Students who have undergraduate degrees in business administration or finance may find that by the time they take the required prerequisite accounting courses for MACC admission, they are only four courses short meeting the states requirement for CPA licensing. Obviously, this varies by state, so its important to check with your states licensing board.

It is recommended to get all the school needed before taking the CPA exam. The extra education will not only help you pass the exam, but allow you to start working immediately. States require CPA candidates to have a year or more of experience before becoming licensed. Employers (especially public accounting firms) want all obstacle for licensing behind their new hires before getting started.

An ideal path would have a student taking an internship with a public accounting firm the summer following undergraduate graduation. The student would then enter a MACC program that fall, hopefully with an employment offer letter in hand. After two semesters, the students graduates the MACC program. The summer following graduation, the graduate would prepare and take the CPA exam. Finally, the CPA candidate would began their employment with the accounting firm they had interned with the year before. After a year or two, the CPA candidate would have fulfilled the experience requirement for licensing and thus become a CPA.

Answer 2

In the great state of Texas, you have to have 150 semester hours to become a CPA.(The rules are governed by the states, and although similar, are not the same from state to state) In the past, only 120 hours was required. Many universities now have a 150 hour program for accounting, after which you will have a bachelors and 30 extra credits. However, the additional 30 hours can be any undergrad college courses. I personally feel that the masters in accounting would be more helpful IN PASSING THE EXAM than another course of study, BUT many people, myself included, passed the exam with only a bachelors degree (prior to the new 150 hour requirement) You may feel that another course of study will be more helpful IN YOUR CAREER PATH. Answer #2: I beg to differ, I think it is better to save money and take the extra 30 credits at a 2 year community college to save money. I took 30 credits in whatever I wanted, then I got my 60 credit associate's degree, for a total of 90 credits. Then, I went on to a 4 year university to finish my last 2 years(60 credits) and bachelor's degree. This gave me a total of 150 credits and I didn't need a master's and I only spent 2 years at a 4 year school.

Answer 3

It depends on your overall career goals and objectives. Personally, if you are going to go for a second degree within this area, I would suggest to consider the Masters of Business Administration (MBA). Read the following as to why individuals pursue the MBA.

The following was written by Wharton College Pennsylvania. This should help.

Why an MBA

The MBA is not an end in itself, but a means to an end. It is a degree designed to give you the ability to develop your career to its fullest potential, at an accelerated pace. What will you get out of an MBA? Aside from a powerful life experience, the MBA degree should supply three main value propositions: Skills, Networks, and Brand.

Skills

These include the "hard skills" of economics, finance, marketing, operations, management, and accounting, as well as the "soft skills " of leadership, teamwork, ethics, and communication that are so critical for effective management. MBA students acquire these skills inside and outside the classroom. Since MBA programs attract people from very diverse industries and cultures, a program should be able to leverage these differences and translate them into learning opportunities.

Networks

An MBA degree program offers access to a network of MBA students, alumni, faculty, and business and community leaders. This network can be very useful when beginning a job search, developing a career path, building business relationships in your current career, or pursuing expertise outside your current field. For example, entrepreneurs need access to capital, business partners, vendors, and clients. Arts-related businesses need access to funding and strategic management in order to position themselves to be relevant in the marketplace. Global businesses need access to local business cultures as they expand their enterprises to new territories.

Brand

The MBA degree is a recognized brand that signifies management and leadership training. The particular school and type of MBA program you attend also have brand associations that can help open doors based on the school's reputation. The strength of a school's brand is based on the program's history, its ability to provide students with technical skills and opportunities for personal growth, and the reach of its alumni and industry network. A powerful brand can give you the flexibility to make changes throughout your career.

Answer 4

Take a look at the masters. See what prerequisites are required, and also understand where this will lead. You may be required to take some prerequisite courses at the undergraduate level first. Still, if you are planning to become a CPA, understand what it will take to accomplish this within the state where you reside. Sometimes a masters degree is not the best approach to your overall career goals and objectives; its just a different approach. Talk to some CPA achievers and ask how they approached this. Don't talk to just one, but a few. You can get some good information this way. also contact a career adviser at the college or university you graduated from and ask for some understanding on the possibilities before you. The higher the degree the better, however in this instance it may not be the best approach depending on your career vision. Best wishes!!

Answer 5

The company needs a worker who has the qualifications to complete certain skills.

Answer 6

They have gone further in their education. As such they know more and have more information to work with.