Vanderbilt MAcc Brochure 2015

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Master of Accountancy FROM ZERO TO CPA IN ONE YEAR. VANDERBILT MAcc 2015

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Vanderbilt MAcc Brochure 2015

Transcript of Vanderbilt MAcc Brochure 2015

Page 1: Vanderbilt MAcc Brochure 2015

Master of Accountancy

froMZero to CPa in one Year.

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Vanderbilt Macc

4On average, 100 percent of the graduates of our MAcc program received full-time

job offers from the Big Four Public Services Firms.

The Big

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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 developmentn Opportunity for paid internship in springn Preparation for CPA exam built into the programn No requirement for an undergraduate degree in business

or accounting

A one-year degree that offers a fast track to a career in public accounting.

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

90%

First-time CPA pass rate for the Class of 2014*.

(*The highest of any other program in the U.S.)

28The average class size at Owen.

That means our professors will know you by name.

$10,000The average amount

MAcc students can earn for a spring internship.

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“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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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.

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.

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

Reggie Ford

2014Class

Poets, quants and historians welcome.

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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 for a job. You’re PrePared for Your Career.

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-on-one coaching.

The bottom line? You’re even more valuable to potential employers.

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You’re not just readY for a job. You’re PrePared for Your Career.

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Professor Karl HackenbrackAssociate Dean & Faculty Director,

MAcc Programs

MAcc Curriculum at a Glance

Audit Institutions and Processes (2)

Introduction to Law and Business (2)

Accounting Information Systems (2)

Strategic Management (2)

Audit Engagement Documentation (1)

Taxation of Business Entities (2)

Financial Reporting II (2)

Taxation of Business and Investment Transactions (2)

Managerial Economics (2)

Research in Financial Reporting (2)

Business Ethics in Accounting (1)

(x) = credit hours

Curriculum and course information is updated annually and is subject to change.

Orie

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Com

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Lea

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Acc

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(1)

Imm

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Adva

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Aud

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(2)

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Module 1 Module 2 Module 3 Module 4 CPA Prep

FALL SPRING SUMMER

Managerial Finance (2)

Advanced Financial Reporting (2)

Becker CPA Review Course and CPA Exam

Financial Reporting I (2)

Advanced Cost Accounting (2)

Audit Internship or electives (6)

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intern with one of the world’s toP firMs. and get Paid while You learn.

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intern with one of the world’s toP firMs. and get Paid while You learn.

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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.

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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.”

“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 essaYVanderbilt MAcc | 2014

Undergrad Major: EconomicsUndergrad Institution: Vanderbilt University

PwC, Chicago, IL

CorY thoMPsonVanderbilt MAcc | 2013

Undergrad Major: HistoryUndergrad Institution:

Greensboro CollegeDeloitte, New York

CherrY tranVanderbilt MAcc | 2014

Undergrad Major: EconomicsUndergrad Institution:

Duke UniversityEY, McLean, VA

Where can a Vanderbilt MAcc take you?Where do you want to go?

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Where can a Vanderbilt MAcc take you?Where do you want to go?

MAcc Controller

Public Accounting and Services

Corporate Sector

Entrepreneur

jr./sr.assoCiate

(Auditing andAssurance)

Partner Cfo Ceo

Manager(Auditing and

Consulting)

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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.

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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 Head for the downtown Y to work out. Before my internship I wasn’t really a morning person!

8:00 AMArrive 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.

9:00 AMOur 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.

11:00 AMMy 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.

NoonOur team typically goes to lunch together to get to know each other a little more outside of the office.

1:00 PMAfter lunch, there is a little more urgency to follow up on information gathering and connect with clients before the end of the day.

3:30 PMKeep 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.

5:30 PMLater in the evening , we open the doors to the audit room and team members compare notes on issues we need to deal with.

6:30 PMDuring 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.

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Class of 2014 ProfileClass Size. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33Average Age. . . . . . . . . . . . . . . . . . . . . . . . . . . 23Undergraduate GPA Average . . . . .3.54GMAT Range . . . . . . . . . . . . . . . . . . .640-720Women. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36%

Partial List of Undergraduate Institutions*n Boston Collegen Colgate Universityn Cornell Universityn Dartmouth Collegen Davidson Collegen Duke University

n Franklin and Marshall Collegen Furman Universityn Rice Universityn Tulane Universityn University of Floridan University of Michigan

n University of the Southn University of Texasn Vanderbilt Universityn Wake Forest Universityn Wofford Collegen Yale University

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.

Partial List of Undergraduate Majors*n Advertisingn Anthropologyn Art History

n Business Administrationn Economicsn Engineering

n Historyn Mass Communicationsn Physicsn Political Sciencen Spanish

Class Profile

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Cities in Which GraduatesHave Gone to WorkAtlantaAustinBirminghamBoiseBostonCharlotteChicagoColumbusDallasDenverDetroitHonoluluHoustonLouisvilleMiami

MilwaukeeMinneapolisNashvilleNew OrleansNew YorkOrlandoPhiladelphiaPhoenixPortlandSalt Lake CitySan DiegoSan FranciscoSan JoseSeattleWashington, DC

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*For historical list please visit owen.vanderbilt.edu/macc

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Class of 2014 ProfileClass Size. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33Average Age. . . . . . . . . . . . . . . . . . . . . . . . . . . 23Undergraduate GPA Average . . . . .3.54GMAT Range . . . . . . . . . . . . . . . . . . .640-720Women. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36%

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adMissions requireMents

n Open House admissions events are by invitation only for selected candidates who pass a 1st round interview

n 1st round interviews are by invitation only and are conducted via video call, phone or in person

n Application fee of $50 is non-refundable and due at the time of submission

Open House Admissions EventsOpen 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 EventWelcome 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

oPen house adMissions eVents

tuition and finanCial aid

Estimated ExpensesTuition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 47,950Books/Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,842Rent/Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,918Meals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,986Personal* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,770Transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,994Loan 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.

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.

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 Online applicationn Transcripts from all universities attendedn GMAT or GRE score (you may submit your application

prior to taking the exam)n Essaysn Two letters of recommendationn Resumen 1st round interview and attendance at an Open House

admissions event (by invitation only)

PrerequisitesStudents 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-by-case basis. Students may be admitted to the program before these requirements are met.

n Introductory Financial Accountingn Introductory Managerial/Cost Accountingn Introductory Statisticsn Introductory Microeconomics

We encourage you to apply as early in the admission cycle as possible.

2014-2015 Macc aPPliCationdeadlines & eVent dates

Round Deadline Campus Decision to Apply 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

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Master of Accountancy

©2014 Vanderbilt and the Vanderbilt logo are registered trademarks and service marks of Vanderbilt University. REV. 12/14Vanderbilt 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.

Vanderbilt UniversityOwen Graduate School of Management401 21st Avenue SouthNashville, TN 37203-2422

Telephone: 615.322.6509Fax: 615.343.1175Email: [email protected]: owen.vanderbilt.edu/maccHours: 8:00 AM – 5:00 PM, US Central Time

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.

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