Do I Need a Masters in Accounting for a CPA?

Did someone say the word Masters? Just wait a second. I need to grab my clubs, visor, and other golf attire. Oh and make sure to grab a reservation at Augusta’s Berckmans Place. I sure am hungry; nom nom nom 🙂

Wow! That was an amazing shot. I’m sorry folks . . . It’s right here on the card.

Today’s blog post is not about do we need to attend the Masters (of course, we do 🙂 ), but instead today’s blog is about do I need a Masters in Accounting for a CPA? Silly mistake. Let’s waste no more time and jump right in.
 

Do I Need a Masters in Accounting for a CPA?

As of today, you do not need a Masters in Accounting to become a licensed CPA. My work here appears to be done. In all seriousness though, most jurisdictions require a Bachelors and 150 hours to become licensed; however, this is not limited to only obtaining a Masters in Accounting. As you know, not all jurisdictions have the same CPA licensing requirements. To clear up any confusion about your jurisdiction’s licensing process, check out CPA Education Requirements, CPA Eligibility – Am I Eligible to be a CPA?, or www.thiswaytocpa.com.
 

Do I Want a Masters in Accounting for a CPA?

Now that we have addressed the burning question of do I need a Masters in Accounting for a CPA, let’s take a look at the do I want a Masters in Accounting for a CPA? Depending on where you are planning on going to school or are currently attending, this question may largely be determined for you. Some accounting programs, such as the University of Missouri, encourage an integrated five year 150 hour Masters in Accounting program. What does this mean? In general, you earn both your Bachelors and Masters from the same institution and may be able to avoid taking the GMAT or GRE. Alternatively, some accounting programs, such as the University of Colorado, have a separate Bachelors and Masters in Accounting program. What does this mean? In general, you would earn both your Bachelors and Masters from the same institution; however, there is no requirement that you have to earn a Masters in Accounting, and you also have the option to earn a Masters in Accounting from another institution. If you choose to go down the Bachelors at University A and Master at University B route, you may have to take the GMAT or GRE for University B. For more information on GMAT or GRE test prep, check out the Magoosh GMAT Blog or the Magoosh GRE Blog 🙂

 

Regardless of which path you choose (and there are way, way more paths than the ones described above), it is important that you have an understanding of your jurisdiction’s education requirements for CPA licensing and that your college or university helps you succeed in achieving the education requirement. Talk with your advisor; talk with students a few semesters ahead of you; and talk to me 🙂 You want to have assurance that your education requirements are met. Whether that is by means of a Masters or some other route, it is important that you plan, plan, plan. Feel free to leave comments or questions below the post, and I will try my best to help out. As always, remember to breathe.

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