Most CPAs agree the general MBA is designed for people who already have some work experience under their belts. Consider saving the general MBA for later Either will teach you more about the profession and prepare you to take the CPA Exam when you graduate. If that’s the case, try one that deals with the nitty-gritty of accounting, like a MAcc program or an MBA concentrated in Accounting or Taxation.
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In many states, getting your CPA license requires you to have 150 hours of education, so it might make sense to jump right into a Master’s level program. If you plan on launching your career in accounting, your focus should be on getting as much accounting-oriented education as you can. So while it’s hard to say that one degree is better than the other, if you’re an undergraduate accounting major, there’s a clear first step. While the general MBA covers more business territory than a MAcc does, it lacks the in-depth financial skills that you’ll need as a CPA. Some MBA programs do allow you to concentrate on accounting or taxation, exposing you to the technical accounting skills you will need to be a CPA. It includes an overview of accounting principles-nothing close to what you get with a MAcc, though.
The general MBA is more focused on business skills, such as management, strategic thinking, finance, marketing, human resources, etc. At the same time, accounting is the language of business, so there’s business knowledge built in. What’s the difference between the two degrees? Essentially, the MAcc is more technical, focusing on hard accounting skills. Which ones you get, if any, is a matter of preference-so how do you know which one is right for you? What do these letters mean? Two of the most popular are MAcc (Master of Accountancy) and MBA (Master of Business Administration). As you work toward becoming a CPA, there are some other letters you can earn behind your name.
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