Masters in Accounting in the USA is a 1-2 year postgraduate degree program that prepares individuals for a career in professional accounting and helps them prepare for the CPA (Certified Public Accountant) exam. It is offered under various degree titles such as MBA in Accounting, Master in Professional Accounting, MS in Accounting, and Master of Accounting (MAcc).
To get admission to the top masters in accounting programs in USA, interested candidates must have a 4-year Bachelor’s degree in accounting or equivalent with a minimum GPA of 3.0 out of 4.0 (83-86%) from a recognized university. International candidates must also submit English proficiency scores, with an overall score of 6.5 to 7.5 in IELTS or 80 to 100 in TOEFL iBT.
The average annual cost of studying for a Masters in Accounting in the USA ranges from USD 41,250 to USD 84,900, which is equivalent to INR 34 lakhs to INR 70.1 lakhs. In return, candidates can expect a salary ranging from USD 56,500 to USD 148,300 (INR 46.6 lakhs to INR 1.22 Crore).
Masters in Accounting in USA: Highlights
| Courses available | MBA in Accounting Master in Professional Accounting MS in Accounting MS in Accounting and Fundamental Analysis |
| Course type | Full-time |
| Program duration | 1-2 Years |
| GPA | 3.0 out of 4.0 (83-86%) |
| English proficiency requirements | IELTS: Overall score of 6.5 to 7.5 | TOEFL iBT: Overall score of 80 to 100. |
| Annual tuition fees | USD 41,250 to USD 84,900 (INR 34 Lakhs to INR 70.1 Lakhs) |
| Annual salary range | USD 56,500 to USD 148,300 (INR 46.6 Lakhs to INR 1.22 Crore) |
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Why study Masters in Accounting in USA?
Masters in professional accounting in USA offers several advantages. Firstly, the USA has a strong reputation for its accounting programs and is home to many top-ranked universities in this field. This means that you will have access to high-quality education and resources that can enhance your learning experience. Secondly, the USA has a robust business environment, with many multinational corporations and financial institutions located here. This provides opportunities for internships, networking, and potential job placements after graduation. Additionally, studying in the USA can also expose you to a diverse and multicultural environment, allowing you to develop a global perspective and expand your professional network.
Leading universities in the USA for a Master’s in Accounting
When it comes to pursuing a Masters in Accounting in the USA, several top-notch universities stand out. Some of the most renowned institutions in this field include the University of Texas at Austin, University of Illinois at Urbana-Champaign, University of Southern California, and the University of Pennsylvania. These universities offer comprehensive programs that provide students with a strong foundation in accounting principles, financial analysis, and auditing. Additionally, they boast renowned faculty members who are experts in their respective fields. With their state-of-the-art facilities and extensive alumni networks, these universities offer an ideal environment for students to excel in their accounting studies and build a successful career in the field.
Here are the top universities in USA for masters in accounting:
| University name | Program name | QS World University Rankings 2025 | Tuition fee per year (USD) |
| Stanford University | Master of Science in Accounting (MSA) | 6 | $82,455 approximately |
| Massachusetts Institute of Technology (MIT) | Master of Science in Accounting (MSA) | 1 | $24,763 approximately |
| University of Pennsylvania | Master of Accountancy (MAcc) | 11 | $85,000 approximately |
| University of Chicago | Master of Science in Accounting (MSA) | 21 | $85,000 approximately |
| Columbia University | Master of Science in Accounting (MSA) | 34 | $85,000 approximately |
| New York University (NYU) | Master of Science in Accounting (MSA) | 8 | $82,000 approximately |
| University of Michigan | Master of Science in Accounting (MSA) | 10 | $71,000 approximately |
| University of Southern California (USC) | Master of Accounting (MAcc) | 11 | $65,000 approximately |
| University of Texas at Austin | Master of Accountancy (MAcc) | 12 | $57,000 approximately |
| Carnegie Mellon University | Master of Science in Accounting (MSA) | 13 | $65,000 approximately |
| Duke University | Master of Accounting (MAcc) | 14 | $71,000 approximately |
| University of California, Berkeley | Master of Accounting (MAcc) | 15 | $70,000 approximately |
| Northwestern University | Master of Science in Accounting (MSA) | 16 | $65,000 approximately |
| University of Virginia | Master of Accounting (MAcc) | 17 | $60,000 approximately |
| University of Illinois at Urbana-Champaign | Master of Accountancy (MAcc) | 19 | $50,000 approximately |
Please note: The tuition fees listed here are subject to change at the discretion of each university. It’s advisable to consult the respective university’s official website or contact their admissions office for the most accurate and up-to-date information.
Eligibility criteria for masters in Accounting USA
The eligibility criteria for accounting master degree in usa typically include:
- A bachelor’s degree in accounting or a related field from an accredited university, with a minimum GPA of 3.0
- A standardized test score, such as the GRE or GMAT, is required by some programs, but not all
- English language proficiency test scores, such as the TOEFL or IELTS, are required for international students
- Some programs may also require letters of recommendation, a statement of purpose, and/or work experience
Documents required for masters in Accounting USA
The following documents are typically required for applications to Master of Accounting programs in the USA:
- Official transcripts from all institutions attended for undergraduate and graduate studies are required.
- GMAT or GRE scores (if required)
- TOEFL or IELTS scores (for international students)
- Letters of recommendation
- Statement of purpose
- Resume or CV
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Application process for MS in Accounting in USA
The application process for a Master of Science in Accounting (MSA) program in the USA typically includes the following steps:
1. Research programs and universities
Make a list of MSA programs that you are interested in and research the admission requirements, curriculum, and cost of each program.
2. Take the GMAT or GRE (if required)
Some MSA programs require applicants to submit GMAT or GRE scores. If you are required to take a standardized test, be sure to register for the test well in advance of the application deadline.
3. Request transcripts from all undergraduate and graduate institutions attended
Send official transcripts to the universities to which you are applying directly from the institution.
4. Write letters of recommendation
Ask two or three professors or other professionals who can speak to your academic and professional qualifications to write letters of recommendation for you. Be sure to give them enough time to write the letters, and provide them with a copy of your resume and a statement of purpose.
5. Write a statement of purpose
Your statement of purpose should explain why you are interested in pursuing an MSA degree and what your goals are for the future. It is important to be specific and to tailor your statement of purpose to each program to which you are applying.
6. Submit applications
Most MSA programs have online application portals. Make sure to submit your application before the deadline.
7. Interview with programs (if invited)
Some MSA programs invite applicants for interviews. If you are invited for an interview, be prepared to discuss your academic and professional background, your interest in the MSA program, and your career goals.
8. Accept an offer and register for the program
If you are accepted to an MSA program, be sure to respond to the offer by the deadline. Once you have accepted an offer, you will need to enroll in the program and complete the required coursework.
Cost of living in USA
These are estimates, and the actual cost of living may vary based on the student’s lifestyle and location.
| Expense type | Average annual expense (USD) | Cost for Indian Students (INR) |
| Accommodation | $10,000-$18,000 approximately | ₹8,00,000-₹14,40,000 approximately |
| Food | $2,500-$3,500 approximately | ₹2,00,000-₹2,80,000 approximately |
| Transportation | $1,000-$2,000 approximately | ₹80,000-₹1,60,000 approximately |
| Tuition fees | $20,000-$40,000 approximately | ₹16,00,000-₹32,00,000 approximately |
| Other expenses (books, entertainment, etc.) | $2,000-$4,000 approximately | ₹1,60,000-₹3,20,000 approximately |
| Total | $35,500-$61,500 approximately | ₹28,00,000-₹49,60,000 approximately |
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Masters in Accounting in USA: Scholarships
Below is a table listing some of the scholarships available for Master’s in Accounting programs in the USA:
| Scholarship name | Award amount | Deadline |
| Fulbright-Nehru Master’s Fellowship | Covers full tuition fees, along with a living stipend | October 15th |
| Tata Education Trust Scholarship | Up to $20,000 per year | March 1st |
| Association of International Accountants (AIA) Scholarship | Up to $5,000 per year | June 1st |
| Institute of Management Accountants (IMA) Scholarship | Up to $5,000 per year | July 1st |
| American Institute of Certified Public Accountants (AICPA) Minority Fellowship Program | Up to $10,000 per year | August 1st |
Please note: The scholarship benefits mentioned in the table above may change over a period of time. To get the most current information, please visit the official websites.
Masters in Accounting in USA: Placements/Career scope with salary
These are just a few of the many placement and career opportunities available to graduates of Master of Accounting programs in the USA. Salaries may differ based on the employer, location, and level of experience.
| Placement | Career scope | Salary (USD) |
| Accountant | Accountants prepare and maintain financial records, prepare tax returns, and provide financial advice to individuals and businesses | $73,560 approximately |
| Auditor | Auditors examine financial records to confirm their accuracy and ensure they comply with regulations | $77,250 approximately |
| Financial Analyst | Financial analysts collect, analyze, and interpret financial data to help businesses make informed decisions | $85,660 approximately |
| Tax Accountant | Tax accountants prepare and submit tax returns for both individuals and businesses. | $73,300 approximately |
| Management Accountant | Management accountants provide financial information and analysis to help businesses make informed decisions | $84,760 approximately |
Please note: The salaries mentioned here serve as a point of reference. The actual amount will depend on the individual’s skill set and credentials.
The education quality in the USA is top-notch. Accounting experts have higher employability rates and annual pay than other professionals. These factors make pursuing a master’s degree in accounting in the United States worthwhile. If you’re interested in admission to a masters program in accounting in the USA, why not reach out to MSM Unify professionals for guidance?
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Conclusion
Pursuing a Master’s in Accounting in the USA in 2024 offers a promising path for international and domestic students aiming for a high-impact career in finance and accounting. MS in accounting in USA fees is approximately $40,000 to $70,000, for schools like USC, UT Austin, Duke, and Berkeley provide top-tier accounting education with rigorous curricula, recognized faculty, and extensive networking opportunities. These programs not only ensure that students gain essential technical skills but also focus on strategic decision-making, regulatory understanding, and business communication, making graduates highly competitive in today’s job market.
With resources like MSM Unify study abroad consultant to guide you through the process, you can confidently embark on your educational journey in this remarkable city. MSM Unify has helped 1,86,000+ students make their overseas education dream come true. We can help you explore over 50,000 programs across 1,500+ campuses in 21 destinations.
FAQs
1. What are the admission requirements for a Master’s in Accounting in the USA?
Admission requirements typically include a completed application, official transcripts, GRE/GMAT scores (if required), recommendation letters, a statement of purpose, and proof of English language proficiency (e.g., IELTS or TOEFL scores).
2. Is a Bachelor’s in Accounting required to apply for a Master’s in Accounting?
While a Bachelor’s in Accounting is not always required, a strong background in business, finance, or related fields is often preferred. Some programs may accept applicants with a non-accounting undergraduate degree but require prerequisite coursework.
3. What is the typical duration of a Master’s in Accounting program in the USA?
Most Master’s in Accounting programs take between 1 and 2 years to complete, depending on whether you attend full-time or part-time.
4. Is taking the GRE or GMAT required for admission to a Master’s in Accounting program?
Some universities require GRE or GMAT scores, while others may waive this requirement based on your academic background or professional experience. It’s important to check individual university requirements.
5. What are the tuition fees for a Master’s in Accounting in the USA?
Tuition fees vary significantly depending on the university, ranging from $30,000 to over $70,000 for the entire program. Additional costs like textbooks, housing, and living expenses should also be considered.
6. What career opportunities are available after completing a Master’s in Accounting?
Graduates can pursue careers as Certified Public Accountants (CPAs), financial analysts, auditors, tax consultants, forensic accountants, or financial managers, among others.
7. Is it possible to complete a Master’s in Accounting online?
Yes, many universities offer online or hybrid Master’s in Accounting programs, providing flexibility for working professionals or students who prefer remote learning.
8. What is the salary potential after earning a Master’s in Accounting?
The salary potential can vary, but on average, Master’s in Accounting graduates earn between $60,000 to $90,000 per year, with higher salaries possible depending on experience and the specific role.
9. Can international students apply for a Master’s in Accounting in the USA?
Yes, international students can apply, but they must meet additional requirements, such as proving English language proficiency (TOEFL/IELTS) and obtaining the appropriate visa (F-1).
10. Do I need to be a CPA to apply for a Master’s in Accounting?
No, you do not need to be a CPA to apply for a Master’s in Accounting, but many students pursue the program to fulfill the educational requirements needed to sit for the CPA exam.
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