Stephen M. Ross School of Business – University of Michigan - Master of Accounting
Michigan Ross Master of Accounting Program Structure
The eight month Michigan Ross Master of Accounting program (MAcc) is a uniquely integrated Master’s program, allowing students to combine the curriculum of a traditional accounting program with the school’s highly-regarded MBA program. This means not only being prepared to take the CPA, but crafting a career after school that doesn’t solely follow one strict path. The program begins in the fall.
Not just limited to MBA electives, MAcc students can opt to enroll in a litany of electives across the University of Michigan, including it’s schools of public policy, law, and much more.
Seven courses in total make up the MAcc core curriculum. They are as follows:
• Corporate Financial Research and Reporting
• Federal Taxation (may be waived)
• Financial Instruments and Structured Finance
• Information Systems Design (may be waived)
• Advanced Financial Accounting
• Auditing & Assurance
• EY Accounting and Public Policy Symposium
The Federal Taxation and Information Systems Design courses may be waived for students who completed the courses during their undergraduate studies, maintaining a GPA of at least a “B.” If those conditions are met, the course(s) must be replaced by one of 11 possible core electives.
A multitude of non-core electives are available for MAcc students. Up to six units for coursework can be completed for non-Ross courses.
During the program, MAcc students participate in two seminars with the school’s Sanger Leadership Center, helping develop lessons in ethics, leadership, and teamwork. In addition, one of the required core courses is a trip to the Washington DC EY Accounting and Public Policy Symposium, helping students develop an “understanding of the public policy process of business and accounting through visits from top-level speakers and trips to relevant sites around the nation’s capital,” according to the official Ross MAcc website.
The most recent University of Michigan Ross School of Business MAcc class featured 100 students, scoring an average GMAT of 650 and a GPA of 3.6. The class is around 53 percent female, with 47 percent male students. About 38 percent of the total class was made up of international citizens, with 72 percent of the class, in total, coming from outside of Michigan.
The average work experience ranged from no experience to as much as nine years. About 52 percent of the class studied accounting as undergraduates, with 32 percent business grads, and 16 percent liberal arts graduates.
One-hundred percent of MAcc graduates earn employment offers within six months of earning their degree from the Ross School of Business. Upwards of 89 percent of graduates earn roles in the accounting industry, earning an average base salary of $55,123. Those in advisory roles (11.3 percent of the most recent class) earn the highest average annual salary rate out of school at $64,750.
The majority of MAcc graduates from Ross earn jobs in the Midwest (56.3 percent), followed by the Northeast (15 percent), and the U.S. West (five percent).
Tuition, Scholarships, and Financial Aid
For in-state residents, the University of Michigan Ross Master of Accounting program tuition costs $49,000. Out-of-state and international student tuition is $54,000.
There is a mandatory $164 per semester fee, a $1,200 fee for the Washington DC EY Accounting and Public Policy Symposium, and a $500 per semester fee for international students. Additional costs may vary, with current estimates around $1,716 for books and supplies, $16,197 for food and housing, $6,352 for miscellaneous expenses, and $222 for loan fees.
Within a week of submitting an application to the MAcc program, potential students are encouraged to apply for scholarship consideration, which will simultaneously cover applications for: scholarships; Graduate Student Instructors (GSI); and Global Practicum Course (Study Abroad) Sponsorships. Third-party scholarships outside of the University of Michigan network may also be available. U.S. Armed Services veterans may receive additional tuition assistance through the Yellow Ribbon Program.
U.S. applicants may be eligible for Federal unsubsidized, Perkins, and Grad PLUS loans. Additionally, private loans may be available for both domestic and international applicants.
Prior to enrollment, MAcc applicants must complete the following required courses: Principles of Financial Accounting; Principles of Managerial Accounting; Intermediate Financial Accounting; Microeconomics; and Business Statistics. The Intermediate Cost Accounting course must also be completed, but can be done in the second semester of the program.
With a completed online application, the following must be provided:
• Official transcripts
• GMAT/GRE scores (waiver available); no minimum score required
• A current resume
• Four short essays and an optional fifth essay
• Two letters of recommendation
• $75 application fee (domestic); $100 application fee (international)
• TOEFL scores (if necessary)
Strong candidates will be invited for a formal interview, which can be held on the University of Michigan campus, via video conference, or at a specifically agreed location outside of the university.
Application deadlines are as follows:
Final International Deadline – March 1, 2020
Final Domestic Deadline – May 1, 2020