Vanderbilt MAcc 2015
Master of Accountancy
from Zero to CPA in One Year.
vanderbilt MAcc
The Big
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On average, 100 percent of the graduates of our MAcc program received full-time job offers from the Big Four Public Services Firms.
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A one-year degree that offers a fast track to a career in public accounting. The Vanderbilt Master of Accountancy (MAcc) provides talented, well-rounded college graduates with the managerial perspective, leadership and communication skills and accounting knowledge needed to start a career as an associate with one of the leading global public accounting firms—Deloitte, EY, KPMG and PwC. These positions offer an excellent vantage point to “learn the language of business” and serve as ground-floor opportunities for rapid advancement and a variety of career options. Some of the benefits you will have while at Vanderbilt include: n Structured
recruiting process and unparalleled access to executives at Big Four firms
n Small
class size that offers close and enduring relationships with classmates and professors
n Special
programs and coaching for professional development
n Opportunity n Preparation
for paid internship in spring
10,000
$
The average amount MAcc students can earn for a spring internship.
28
The average class size at Owen. That means our professors will know you by name.
for CPA exam built into the program
n No
requirement for an undergraduate degree in business or accounting
90
%
Program length
Twelve months, full-time
Designed for
Recent college graduates who have the communication and analytical skills to succeed in a demanding and fast-paced business environment.
Class profile* Class size—28 Age—23 Undergraduate GPA—3.57 GMAT—688 Women—43% Firms that hire
Deloitte, EY, KPMG, PwC
* Multi-year average
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First-time CPA pass rate for the Class of 2014*. (*The highest of any other program in the U.S.)
“The team dynamics I learned from playing football helped with my transition to grad school and even my internship. A career in accounting really is all about working together on a team, and that’s the way the program is structured.”
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Poets, quants and historians welcome.
What we look for most in prospective students are the qualities that are reliable predictors of success (and that recruiters prize). Like strong academic performance. An aptitude for analysis and problem solving. Solid communication and interpersonal skills. Keen work ethic. So, even if you didn’t major in business as an undergraduate, rest assured that we welcome those with diverse academic backgrounds.
Reggie Ford As a former Vanderbilt football player and Nashville native, Reggie is now an Audit Associate at Deloitte in Nashville. With an undergraduate major in Economics, he was looking for a career that would help him to learn business from the inside out while still allowing him to work closely with a team.
MAcc
We’ve had success with advertising, anthroplogy, art history, economics, engineering, history, mass communications, physics, political science and Spanish majors. P.S. By the way, we welcome business majors too.
2014
Class
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owen.vanderbilt.edu/macc
An audit and assurance position with a global professional services firm isn’t an anonymous role in the back office. It’s a fast-paced, people-centric, teamwork-oriented pathway to companies in a wide range of industries, with opportunities to work around the world. It’s also a ticket to top leadership (or wherever else you’d like to go). And thanks to our rigorous curriculum—which includes training in leadership and communications as well as a built-in Becker CPA review course—you can complete the CPA exam and be on track for the top in just one year. You won’t get that from other programs.
You’re not just ready You’re prepared You won’t just learn accounting. At Vanderbilt, like nowhere else, your professional development is a major part of the MAcc program. It begins with coaching and a leadership assessment, through which you gain insights into your strengths, challenges and personal motivators and how they all affect your working relationships with others. Then you’ll work with one of our professional development coaches with prior public accounting experience to turn all this feedback into strategies you can take into your internship. After your internship, you and other MAcc students work with a licensed executive coach to maximize and apply what you learned. At all times, our professional development coaches are available for one-onone coaching. The bottom line? You’re even more valuable to potential employers.
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Professor Karl Hackenbrack Associate Dean & Faculty Director, MAcc Programs
for a job. for your career. MAcc Curriculum at a Glance SPRING
SUMMER
Module 2
Module 3
Module 4
CPA Prep
Managerial Finance (2)
Financial Reporting II (2)
Audit Internship or electives (6)
Advanced Financial Reporting (2)
Becker CPA Review Course and CPA Exam
Audit Institutions and Processes (2) Accounting Information Systems (2) Audit Engagement Documentation (1)
Taxation of Business and Investment Transactions (2)
Advanced Cost Accounting (2)
Managerial Economics (2)
Introduction to Law and Business (2)
Research in Financial Reporting (2)
Strategic Management (2)
Business Ethics in Accounting (1)
Winter Break
Financial Reporting I (2)
Taxation of Business Entities (2)
Commencement
Module 1 Immersion Week Advanced Audit Topics (2)
Orientation: Communication, Leadership and Ethics in Accounting (1)
FALL
(x) = credit hours Curriculum and course information is updated annually and is subject to change.
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Intern with one of And get paid 06
As part of the program, you’ll have unparalleled access to our partner firms (that happen to be among the world’s top public accounting firms) to pursue a 10-week, paid internship. The internship allows you to round out your education with the real-world experience you’ve been preparing for. Not only does it give you a chance to see what life is like as an audit professional, it enables partner firms to give you a “trial run”—since successful internships typically lead to job offers upon graduation.
the world’s top firms. while you learn. 07
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Where can a Vander Where do you want “I came to this program thinking that I was just going to come here, take classes, get my hours, sit for the CPA and be done with it, but I have made the best friends I’ve made in my life.”
“When I got to my internship there were so many things that we had talked about in class that gave me a leg up on the other interns.”
amanda essay
Cory Thompson
Vanderbilt MAcc | 2014 Undergrad Major: Economics Undergrad Institution: Vanderbilt University PwC, Chicago, IL
Vanderbilt MAcc | 2013 Undergrad Major: History Undergrad Institution: Greensboro College Deloitte, New York
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“Some people who were interviewing at the same time as me were still searching for spots while I had my offer already. It shows that our students get the jobs before other programs.”
cherry tran
Vanderbilt MAcc | 2014 Undergrad Major: Economics Undergrad Institution: Duke University EY, McLean, VA
bilt MAcc take you? to go? Our partner firms are among the top of the professional services field—and often quoted as one of the best places to work or launch a career. Soon after admission, you’ll have opportunities to network with them, visit them in their offices and evaluate which might be best for you.
MAcc
JR./SR. Associate
(Auditing and Assurance)
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MANAGER
(Auditing and Consulting)
CONTROLLER
PARTNER
CFO
CEO
Public Accounting and Services
Corporate Sector
Entrepreneur
owen.vanderbilt.edu/macc
One Day in the Life: Brent Blackburn
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Brent Blackburn, an English major, worked for a few years before enrolling in the Vanderbilt MAcc program. “I was looking for a career and not just a job,” he says. “I like hanging out with people and that’s what drew me to this program. Accounting is actually a very people-focused business.” Students complete their internships during our partner firms’ “busy” season in January and February. Here’s how Brent describes a typical day during his internship with Nashville’s KPMG office.
6:00 AM
1:00 PM
Head for the downtown Y to work out. Before my internship I wasn’t really a morning person!
After lunch, there is a little more urgency to follow up on information gathering and connect with clients before the end of the day.
8:00 AM
Arrive at the client’s site—except on days when I had to call Europe, where it was already mid-afternoon; then I might arrive at 7. I’ll check emails, get caught up and meet with my senior associate about the work for the day.
3:30 PM
Keep projects moving. A lot of my projects involve reviewing cash and bank accounts, long-term debt and fixed assets. Some projects might take 10 minutes. Others might take two hours.
9:00 AM
Our first meeting of the day with clients usually happens around this time. Meetings consist of posing questions to the clients to gather information and insight into their business. There is a lot of stopping and starting based on when we can schedule times to meet with or talk to clients. It takes multi-tasking to a whole new level.
5:30 PM
Later in the evening , we open the doors to the audit room and team members compare notes on issues we need to deal with.
11:00 AM
My senior associate is great about checking in with me every couple of hours. It gives me an opportunity to ask questions I might not otherwise have asked.
6:30 PM
During the evening we are usually consolidating information we got that day. Although we do not have set hours, the average workday during busy season ends later in order to meet our deadlines. For the majority of the work week, that means ordering food in. But on Fridays, KPMG team members meet somewhere for dinner to unwind.
Noon
Our team typically goes to lunch together to get to know each other a little more outside of the office.
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owen.vanderbilt.edu/macc
CLASS PROFILE
All Vanderbilt Business students have one thing in common: They’re different. But while there’s no risk that we’ll ever reduce students to statistics and averages, here are a few figures that may give you a picture of who your classmates might be. Class of 2014 Profile Class Size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Average Age . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Undergraduate GPA Average . . . . . 3.54 GMAT Range . . . . . . . . . . . . . . . . . . . 640-720 Women . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36%
Cities in Which Graduates Have Gone to Work Milwaukee Minneapolis Nashville New Orleans New York Orlando Philadelphia Phoenix Portland Salt Lake City San Diego San Francisco San Jose Seattle Washington, DC
Atlanta Austin Birmingham Boise Boston Charlotte Chicago Columbus Dallas Denver Detroit Honolulu Houston Louisville Miami
Partial List of Undergraduate Majors* n n n
Advertising Anthropology Art History
n
n n
Business Administration Economics Engineering
n n n n n
History Mass Communications Physics Political Science Spanish
Partial List of Undergraduate Institutions* Boston College Colgate University n Cornell University n Dartmouth College n Davidson College n Duke University
Franklin and Marshall College n Furman University n Rice University n Tulane University n University of Florida n University of Michigan
n
n
n
University of the South University of Texas n Vanderbilt University n Wake Forest University n Wofford College n Yale University n n
*For historical list please visit owen.vanderbilt.edu/macc 15 12
admissions requirementS
Open house ADMISSIONs EVENTS
Successful candidates have strong academic performance in prior university studies, with proven problem-solving skills and analytical aptitude. They will be able to demonstrate integrity and exhibit exceptional communication skills and carry themselves with a mature, professional presence. To be considered, all applicants will provide the following: n n n n n n n
Online application Transcripts from all universities attended GMAT or GRE score (you may submit your application prior to taking the exam) Essays Two letters of recommendation Resume 1st round interview and attendance at an Open House admissions event (by invitation only)
Prerequisites Students must have completed the following courses from an accredited school, with a grade of B or better. Additional prerequisites may be required on a case-bycase basis. Students may be admitted to the program before these requirements are met. n n n n
Introductory Financial Accounting Introductory Managerial/Cost Accounting Introductory Statistics Introductory Microeconomics
We encourage you to apply as early in the admission cycle as possible.
Deadline to Apply
Campus Decision Interview Event Deadline
1
Oct 6, 2014
Oct 23-24, 2014
Nov 7, 2014
2
Nov 10, 2014
Dec 4-5 ,2014
Dec 19, 2014
3
Feb 2, 2015
Mar 12-13, 2015
Mar 27, 2015
4
Mar 16, 2015*
Apr 9-10, 2015
Apr 17, 2015
* U.S. citizens & permanent residents only
n n
Open House admissions events are by invitation only for selected candidates who pass a 1st round interview 1st round interviews are by invitation only and are conducted via video call, phone or in person Application fee of $50 is non-refundable and due at the time of submission
Open House Admissions Events
Open Houses are second round interview events scheduled from Thursday afternoon through Friday afternoon. Participants will learn more about the program and hear from representatives of our partner firms as well as interact with other applicants, current students, faculty and staff from the MAcc and MAcc Valuation programs.
Welcome Weekend Event
Welcome Weekend is open only to those who receive an offer of admission and is an opportunity for admitted students to get to know their classmates and immerse themselves in the Nashville and Vanderbilt communities. Students will also have the opportunity to meet members of our partner firms. n
Welcome Weekend for the Class of 2016 – April 17-18, 2015
TUITION AND FINANCIAL AID
2014-2015 MAcc application deadlines & event dates Round
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Vanderbilt is pleased to offer ready access to financial aid. Additionally, merit-based scholarships may be awarded based on achievement and potential. With exceptional job placement made possible through our unparalleled network with the top professional services firms, the typical “payback” for the program is less than two years. Estimated Expenses Tuition. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 47,950 Books/Supplies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,842 Rent/Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,918 Meals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,986 Personal* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,770 Transportation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,994 Loan Fees**. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,296 * Includes allowance for the University Health Insurance Fee and for the Activity/Recreation Center Fee (projected). ** Average loan fees incurred by similarly classified borrowers during the previous academic year.
owen.vanderbilt.edu/macc
We’re a different type of business school. We’re competitive, not cutthroat. We lead with ideas, not egos. We assess value and we refuse to compromise ours.
Master of Accountancy
Vanderbilt University Owen Graduate School of Management 401 21st Avenue South Nashville, TN 37203-2422
Telephone: 615.322.6509 Fax: 615.343.1175 Email: macc@owen.vanderbilt.edu Web: owen.vanderbilt.edu/macc Hours: 8:00 AM – 5:00 PM, US Central Time
©2014 Vanderbilt and the Vanderbilt logo are registered trademarks and service marks of Vanderbilt University. REV. 12/14 Vanderbilt University is committed to principles of equal opportunity and affirmative action. Visit owen.vanderbilt.edu for Vanderbilt University’s complete EEO and affirmative action statement.