An interpretation of accounting major studying abroad in the United States

Because of the advantages of accounting major, such as large market demand, stable income, and being able to apply for an examination in both culture and science, many examinees and parents tend to choose this major. today, let’s talk about studying accounting major in the United States with overseas study.com. I. Introduction to American Accounting According to statistics, 40% of the students studying in business can go to the United States to study abroad. and accounting is one of the most preferred majors for business students The master of accounting…

Because of the advantages of accounting major, such as large market demand, stable income, and being able to apply for an examination in both culture and science, many examinees and parents tend to choose this major.

today, let’s talk about studying accounting major in the United States with overseas study.com.

I. Introduction to American Accounting

According to statistics, 40% of the students studying in business can go to the United States to study abroad.

and accounting is one of the most preferred majors for business students

The master of accounting in the United States is generally offered in business schools, but not in every famous business school.

although the master’s program has been increasing in recent years, the overall situation is that there are too many graduates and the competition is fierce.

In the United States, accounting also belongs to vocational education, that is to say, it is mainly for the purpose of training CPA.

therefore, unlike the general master’s degree, the general duration of accounting project is only about 12 months.

II. Employment prospect of accounting major

As a popular business major, the average salary of master of accounting in the United States is about $49000, and the maximum starting salary can reach $70000.

For 99% of accounting students, the top four accounting firms (PricewaterhouseCoopers, Deloitte, KPMG and Ernst Young) should be the first choice But in addition to the four majors, there are many good employment options for accounting students, including other accounting firms, investment banks, banks, consulting companies, rating companies, the financial department of the Audit Department of multinational enterprises, and even law firms. They can also enter government departments or public institutions

But whether you want to enter the top four, investment banks or top 500 companies, the most important thing is to test out the CPA first.

CPA is the most urgent need of major accounting firms, because only CPA has the only right to sign the audit report

III. application conditions

1. Course

The master of accounting has strict requirements for the background of the course

In order to apply for studying in the United States, many schools require students to study accounting for bachelor’s degree before applying for Accounting Master’s degree. However, some Chinese applicants who study accounting in China may not be able to meet the school’s pre requirements. The reason is that the curriculum of accounting in Chinese universities is not the same as that in the United States, and they cannot meet the learning requirements Requirements of the University.

therefore, it is suggested to consider that the relative admission probability of programs with non accounting background is higher.

2. GPA and language scores

For the application of master of accounting in the United States, if you want to go to a famous school, the requirements for hard scores are still very high. Generally, the requirements for school are GPA3.0, toefl80 or 100, but this is only the minimum requirements for applicants. Due to the fierce competition, shen you study abroad to remind you that if you rush to a famous school, it is suggested that GPA should be higher.

GMAT 700 +, TOEFL 100 + are relatively competitive

3. Practical activities and Practice

Accounting is a major that pays more attention to practice and practice, and students must accumulate certain practical experience before applying.

practice must be relatively relevant and relatively long-term practice experience, of course, the first choice is big 4.

, but if it is difficult for big 4 to enter, the financial part of other firms and companies can also be done.

III. recommendation of popular accounting institutions

1. University of Texas at Austin

  University of Texas at Austin

UT Austin is one of the first eight most famous “public Ivy” schools in the United States. It has the top Accounting Master’s program in the United States, ranking No. 1 in accounting major.

There are four directions of UT Austin’s MPA project, namely general accounting, management accounting, financial statement and tax.

school attaches great importance to students’ mathematical ability and has high requirements for GMAT mathematics.

in addition, if students have working experience, they will have more advantages when applying.

General application requirements:

  GPA:3.7+

  TOEFL: 100+

  GMAT:700+

2. University of Illinois at Urbana Champaign

  University of Illinois at Urbana-Champaign

UIUC ranked No. 2 in the U.S. in 2020. The master of accounting program of

UIUC belongs to stem program. The program has many partners in four accounting firms, and the passing rate of CPA is also very high.

UIUC business school has set up three master’s programs: MAS, MSA and MST.

international students can apply for MSA, but they need to have studied finance, statistics, accounting principles and other courses.

General application requirements:

  GPA:3.5+

  TOEFL: 100+

  GMAT:650+

3. University of Pennsylvania

  University of Pennsylvania

UPenn’s Wharton Business School is probably one of the most famous business schools in the world. Founded in 1881,

Wharton Business School has the longest history and the best academic reputation in the world.

UPenn’s accounting project strength is also very strong. In 2020, the accounting major of graduate students ranks the third in the United States.

General application requirements:

  GPA:3.7+

  TOEFL: 110+

  GMAT:720+

Recommended reading:

Medical examination instructions for studying abroad in the United States

Requirements for studying abroad in the United States

How to adapt to campus life in the United States?

Process of American study abroad loan

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