Question by Ron W: MBA vs. MAcc (Advantages/Disadvantages)?
Next year I will graduate with a bachelor’s degree with a dual major in Accounting and Finance. I would like to get a CPA and work for a Big 4 firm.
Should I get an MBA or MAcc? What are the advantages of each?
Best answer:
Answer by Grammar SS
MBA is a fake degree. Everyone and their dog has one. BUSH has one.
What do you think? Answer below!
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I would choose MAcc over MBA if I were you.
MBA is as good as another piece of paper. At least a Masters in Accounting is a specialised degree.
Either degree is a good background for a CPA career. The MBA is a general broad degree that prepares students for high level management positions. MBA students study accounting, finance, marketing, statistics, management, economics, strategy, policy, leadership, and similar courses. The MBA is not like an MS that concentrates in one field and prepares students for staff positions. MBA programs offer concentrations in various fields, but this amounts only to 2-3 elective courses in the second year. Students develop an interest in some subjects more than others, so they tend to select a concentration in the subject of their interest. This happens in the second year of the program, so you have plenty of time to decide. Also the school can advise you whether recruiters in your area are looking for certain concentrations or want broadly educated candidates.
Before you consider which MBA program is for you, consult the Official MBA Guide, a comprehensive free public service with more than 2,000 MBA programs listed worldwide. It allows you to search for programs by location (US, Europe, Far East, etc.), by concentration (finance, marketing, aviation management, health management, accounting, etc.), by type of program (full-time, distance learning, part-time, etc), and by listing your own criteria and preferences to get a list of universities that satisfy your needs. You can use the Guide to contact schools of your choice, examine their data, visit their web site, and send them pre applications. You can see lists of top 40 schools ranked by starting salaries of graduates, GMAT scores, and other criteria. It’s the best service available at http://officialmbaguide.org.