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Old 09-13-2008, 09:05 PM
 
Location: Bay Ridge, NY
1,916 posts, read 5,423,997 times
Reputation: 524

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Okay guys.. I'm sure you've heard this one before! I've seen all sorts of answers, but I want this to be a little more personal, since it's for me. I'm still two and a half years from even graduating, but I've been thinking a lot lately about what I'm doing after college, and I just want some feedback. Which is better an MS in Accounting or a MBA at a reputable school (University of Chicago)? A lot of people say it's not worth going to a small program for a MBA, but U of C is ranked pretty highly.. number 1 in BusinessWeek, etc. I also understand that the MBA is a more general-purpose degree, but doesn't that open up my options in the future? or does it actually close them because I'm not as specialized in Accounting? I intend to become CPA licensed regardless of which I choose. Any input would be great; thanks!
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Old 09-14-2008, 10:03 AM
 
Location: McKeesport, PA
2,306 posts, read 4,753,629 times
Reputation: 1298
What will your bachelor's be in?
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Old 09-14-2008, 03:08 PM
 
Location: Bay Ridge, NY
1,916 posts, read 5,423,997 times
Reputation: 524
Accounting.
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Old 09-14-2008, 11:38 PM
 
87 posts, read 409,703 times
Reputation: 55
LOL

A MBA from Chicago GSB will get you a starting salary of $130,000.

The best MS Accounting program in the country will get you $60,000 max, maybe a couple grand more in NYC.

People who get a Chicago MBA do not, with very few exceptions, work for CPA firms.

It's good that you're thinking about this early, because with the knowledge of the business world you're demonstrating at this point you have an exactly 0.00% chance of actually being admitted to the Chicago MBA.
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Old 09-15-2008, 05:08 AM
 
Location: Bay Ridge, NY
1,916 posts, read 5,423,997 times
Reputation: 524
Quote:
Originally Posted by aswedc View Post
LOL

A MBA from Chicago GSB will get you a starting salary of $130,000.

The best MS Accounting program in the country will get you $60,000 max, maybe a couple grand more in NYC.

People who get a Chicago MBA do not, with very few exceptions, work for CPA firms.

It's good that you're thinking about this early, because with the knowledge of the business world you're demonstrating at this point you have an exactly 0.00% chance of actually being admitted to the Chicago MBA.
I'll worry about getting into Chicago. I just started the program; so it's obvious that I have a few questions, and little knowledge, but that's why I ask.. to remedy that problem. I know that you'd make more money as a Chicago MBA, but that doesn't answer my question. The question is; is Business Administration even useful toward accounting because it's a very general degree; and it doesn't particularly cover my field all that well. Where do people with Chicago MBAs typically end up working?

Last edited by analyticalkeys; 09-15-2008 at 05:37 AM..
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Old 09-15-2008, 06:18 AM
 
485 posts, read 1,221,027 times
Reputation: 365
Most MBA's go into Finance and Marketing not Accounting.
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Old 09-15-2008, 09:58 AM
 
87 posts, read 409,703 times
Reputation: 55
Add to that consulting. That's one place you will find MBA grads from schools like Chicago in an accounting firm. Especially those with stong strategy/operatings practices (pretty much just Deloitte, but everyone else is trying to expand again). But in those positions you're not an accountant at all.

The only real place where, as an accountant, it would also be helpful for you to be a MBA, is a very specialized crossover practice, such as transfer pricing, which combines econ and tax.
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Old 09-16-2008, 10:04 PM
 
3,844 posts, read 8,331,011 times
Reputation: 2430
I'd go for the MBA concentration in tax or accounting. Seems like a lot more people looking for that degree than the MS.

Also, make sure you get your CPA BEFORE you go to grad school and get a job in accounting as well.

I am just about to graduate with my AA in accounting and I wanted to get a job in accounting before I started working on my BA. I am having a hell of a time even getting interviews and this is for bottom of the barrel accounting jobs too. I am applying for clerk jobs that pay in the 8-12$ range and I am getting no where.
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Old 09-16-2008, 11:47 PM
 
Location: Polish Hill, Pittsburgh, PA
26,549 posts, read 47,213,684 times
Reputation: 11418
Quote:
Originally Posted by aswedc View Post
It's good that you're thinking about this early, because with the knowledge of the business world you're demonstrating at this point you have an exactly 0.00% chance of actually being admitted to the Chicago MBA.
Was this nasty, snarky remark really necessary?
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Old 09-16-2008, 11:58 PM
 
87 posts, read 409,703 times
Reputation: 55
Quote:
Originally Posted by ScranBarre View Post
Was this nasty, snarky remark really necessary?
Well, it's true.

Sometimes being nice is a disservice. Someone needed to tell the original poster he/she has no idea what they're talking about. Asking this kind of question in an actual interview would be disastrous. Better to hear it now and go into the job hunting process in a few years an impressive, informed candidate.
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