Business & Technology | Accounting Personal Purpose Statement Samples, Professional Writing and Editing Service
Graduate School Personal Statement Samples, Statement of Purpose Writing and Editing, Professional Service
Accounting, PHD, MS, MSc
Why MSA instead of MBA
Let's discuss why pursuing a master's degree was a crucial step for me after my undergraduate experience.
Firstly, my undergraduate performance was not stellar, and I graduated with a GPA of 2.7. This limited my opportunities for employment and other prospects. Additionally, I realized that I had chosen the wrong undergraduate major in marketing. While marketing encompasses more than just advertising, I had selected it primarily because it seemed easier and allowed for a quicker graduation, a decision I later regretted. Furthermore, I failed to engage in extracurricular activities related to my field of study, missing out on valuable networking opportunities and certifications that could have enhanced my career prospects. My bachelor's degree wasn't sufficient due to my lacklustre academic performance and missed opportunities in networking, extracurriculars, and certifications.
Pursuing a master's degree became my path to redemption. I opted for a master's in accounting (MSA) instead of an MBA for several reasons. Firstly, the over saturation of MBAs in the job market made it challenging to stand out unless one attended a prestigious university. Secondly, I observed that many MBA graduates were in the same job roles as me, earning similar salaries. Regarding the choice of a master's degree over a certificate, while community colleges offered accounting certificates, they didn't provide the networking opportunities I desired.
Pursuing a master's degree at a university opened up more avenues for networking and building relationships with professionals. When it comes to job requirements in accounting firms, many demand either a bachelor's or a master's degree in accounting. If you already have a bachelor's in accounting, you might not need a master's unless you are passionate about it or someone else is funding your education. However, for those with different undergraduate degrees, a master's in accounting can be crucial to meet job requirements and demonstrate commitment to the profession.
When considering a certificate program, one crucial aspect to weigh is the cost versus the effort required. In terms of cost, it's true that Master's in Accounting programs can come with a hefty price tag. For instance, while researching options in my area, I found that universities like UCLA were offering master's degrees in accounting for over $100,000. In contrast, Cal State Long Beach was around $50,000. Personally, I was not willing to invest that much in my degree. I managed to find a university that offered a more affordable program while still maintaining accreditation. It worked for me because the price was reasonable.
Here's a piece of advice: when making this decision, focus on the financial aspect that suits your situation. Don't get overly swayed by the allure of a prestigious school or its lifestyle. Instead, prioritise the academic offerings. Do they provide the courses and program you're truly interested in? That's where your focus should lie. Don't hesitate to pursue a more affordable program, especially if you aim to maximise your return on investment, as I did.