Is a MAcc worth it?

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    Topic
  • #1329368
    Anonymous
    Inactive

    Hey everyone, I have been considering a MAcc the past couple of months because I cannot seem to find any job opportunities. I already have 150+ credit hours and 3/4 of the CPA completed. So my question is will a MAcc help me in finding a job?

Viewing 14 replies - 1 through 14 (of 14 total)
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  • #1329377
    livealittle
    Participant

    not if you have a CPA. if you don't finish your CPA it MIGHT. that just depends what you are looking for and if companies think you will be a good fit for them.

    BEC - 8/8/16
    REG - 66, 77
    AUD - 81
    FAR - 9/8/16

    #1329432
    GoBears123
    Participant

    I got my MAcc a few years ago. Though I had a corporate accounting job, I wanted to be a CPA but didn't have the units of accounting/business to be eligible. I'm glad I did it, but I haven't found it to be a degree that opens doors if you already have an accounting (or similar) bachelors. I suggest considering an MBA (perhaps with a finance focus) — MBAs are worth much more in terms of job opportunities and compensation, in my experience.

    To me, there are three reasons to go back to school for a MAcc:

    1) CPA eligibility (this was me)
    2) Career change into accounting from something totally different
    3) Get on the Big Four on-campus recruiting cycle

    FAR - 6/4/16 - 82
    AUD - 8/27/16
    REG - TBD
    BEC - TBD

    #1329504
    Missy
    Participant

    Agreed with go bears, there are a few reasons to get a MACC but job opportunities isn't one. Job searching is marketing and you're the product.

    Licensed Massachusetts Non Reporting CPA since 2012
    Finance/Admin/HR Manager

    #1329528
    Reverie
    Participant

    4) governmental jobs

    ^ They do recognize your masters in accounting but a MAcc is primarily for CPA people.

    What about 5) Teaching?

    #1329536
    Reverie
    Participant

    Can you elaborate of point 3)? What do you mean by Big4 recruiting cycle?

    #1329617
    Anonymous
    Inactive

    IDK what to do. If recruiters are not going to look at me more favorably with a MAcc, should I take the final part?

    #1329624
    Ginja_CPA
    Participant

    Finish the CPA, it will be looked at more than a MAcc will. The MAcc might get your foot in the door, but if you are up against someone with a CPA it will not be nearly as impressive. You already have the required hours, so I wouldn't see a huge benefit in the MAcc for you.

    REG: 80 (02/19/16)
    AUD: 83 (04/11/16)
    BEC: 78 (05/28/16)
    FAR: ?

    #1329665
    Anonymous
    Inactive

    I only did the MACC because I was well short of 150 hours when I completed my undergrad, so it was a good route to get my hours and the additional degree. Still, I believe the CPA > MACC at the end of the day.

    #1329773
    Anonymous
    Inactive

    It is generally not worth it.

    If the program you attend has very strong big four recruitment, however. And that's what you want. Then yes.

    You could probably land a regional firm with relatively little effort even without a MAcc.

    #1329800
    Anonymous
    Inactive

    The key to getting hired is figuring out why you're not getting hired. People get hired into entry-level accounting jobs without CPA or Masters, sometimes without even Bachelor's (very entry-level). What's getting them hired and you ignored?

    Options are endless:
    – Their resumes are well-written/formatted, and yours is crappy
    – Their GPAs were amazing, and yours wasn't
    – Their resume is good, and yours isn't (worth mentioning again 😛 )
    – You're applying to the wrong places
    – They're doing good, customized cover letters (and resumes), you're not
    – Their resume is better put-together (yes, I know this is the 3rd time)
    – There's something on your resume that screams “unhireable!”
    – You've got an over-inflated view of yourself so won't apply for what you're qualified for

    Note that this list is based off the assumption, from how you wrote your post, that you're not even getting interviews; if you're getting interviews and not jobs, there's a whole new list of interview-related potential reasons.

    I think the 4th one – “You're applying to the wrong places” – may be a big component. I see lots of people get on here, say they can't get a job after applying for 6 months or something, and then you find out they're only applying to B4. That means a whole 4 companies. Look further!!! I live in an area with a very low population, very few businesses or accounting firms in the area, and I still had 15-20 accounting firms that I cold-called at, which is how I secured my first accounting job (at that time, Bachelor's only). Just 4 wouldn't have begun to be enough. And…if you're in a bigger area, you might have 100 or 200 accounting firms in the area. Then add in all the private businesses that hire entry-level accountants and you've got oodles of places. My 2nd accounting job was moving into private, required high school diploma and some college. I'm hiring a position right now (no relocation opportunities, so don't get excited 😛 ) that's “Accounting Assistant”, high school required, some college preferred. My point isn't to advertise my position, since it's not a relocation opportunity, but to say that these positions exist, you've just got to look outside of certain employers.

    And…just added that last one to the list, in the same train of thought as my last paragraph; if you've got a Bachelor's, you're not too good for Accounting Clerk/Accounting Assistant/Junior Accountant. You've gotta start somewhere. Some people think since they have ____________ credential, they're too good for a entry job, and should get hired into a position that really requires experience; it doesn't work that way. Doesn't hurt to apply to jobs that are higher level, but you gotta swallow pride and apply to things that are more attainable, too.

    Note: I don't know the OP, don't take any of this personal, it's general advice to a general person in your situation, cause I don't know you to know which of it is specifically applicable.

    #1329804
    GoBears123
    Participant

    The Big Four recruit heavily out of MAcc programs (just like out of good undergrad accounting programs). It's a lot easier to get on their radar if you're a student and can apply for a summer internship that leads to a full-time offer than if you're working in industry and trying to make the leap over.

    FAR - 6/4/16 - 82
    AUD - 8/27/16
    REG - TBD
    BEC - TBD

    #1330464
    Anonymous
    Inactive

    My main issue right now is satisfying the experience requirement. I don't have a single bit of interning experience or anything. I have been applying far and wide for both good jobs and crappy ones but I just never hear back from anyone and if I do then it's, “your not a good choice for us.”
    At the top of my resume, it has listed the parts taken and passed with expiration dates.

    What about an MBA?

    #1330497
    Missy
    Participant

    An MBA doesn't hold much weight at entry level to be honest. Combined with experience it's a plus for management level positions but it doesn't sound like you're there yet. As a point of reference, I'm mid 40's, licensed, and have 20 years experience but it still took over 300 resumes sent to land a job. It's hard work to find a job but adding credentials doesn't necessarily give you an advantage.

    Licensed Massachusetts Non Reporting CPA since 2012
    Finance/Admin/HR Manager

    #1330503
    Reverie
    Participant

    Why no one talks about government? I thought bureaucracies stress more on academic qualifications rather than experience. So if you lack experience but you have a degree or 2, apply for a government job.

Viewing 14 replies - 1 through 14 (of 14 total)
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