30 Most Affordable Residential Master’s Programs in Accounting 2015

30-Most-Affordable-Residential-Master’s-Programs-in-Accounting-2015
Accounting Degree Review researched the tuition and fees of graduate accounting programs in the United States accredited in accounting by Association to Advance Collegiate Schools of Business (AACSB), the premier accreditation agency in the world for business and accounting programs. There are currently 170 U.S. institutions with AACSB accounting accreditation.

The tuition and fees were calculated for an out-of-state full-time student with a bachelor’s degree in accounting who started the program in Fall 2014.

The calculated education costs are only estimates. Please contact the schools for more information.

Here are the 30 most affordable programs from our research based on the tuition and fees for earning the degree. The tuition and fees of all the schools were under $25,500 and the average cost was around $22,700.

#1. Weber State University

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Tuition and Fees: $18,486

Located in Ogden, Utah, Weber State University (WSU) is a public university ranked 348th in Washington Monthly’s 2014 Master’s Universities rankings. The school enrolled 657 master’s students in the 2013-2014 academic year. WSU was named a top school in the West by The Princeton Review.

School Overview

Utah residents pay $8,970 in tuition and fees. In the 2013-2014 school year, WSU distributed close to $13 million in scholarship funds and $95 million in financial aid packages to 13,759 students.

WSU offers a Master of Accounting degree that meets the education requirements to sit for the CPA exam in Utah. The degree teaches students important topics such as management accounting, FASB, GASB, and fraud control.

U.S. News and World Report classifies WSU as a Tier 1 institution. The publication ranked the university 68th in the category, Regional Universities in the West. Among public schools in the category, WSU placed 24th.

#2. Missouri State University

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Tuition and Fees: $19,282

Missouri State University (MSU) earned a 67th ranking in the category, Regional Universities in the Midwest, in U.S. News and World Report’s rankings. Among public schools in the category, MSU placed in the top 20. The Princeton Review also named MSU one of the top schools in the Midwest.

School Overview

The tuition and fees for Missouri residents are $10,999. 78% of MSU students receive some form of financial aid.

The Master of Accountancy degree from MSU consists of 33 credit hours. To develop a broad knowledge base, students are required to take at least one course from the following subject areas: finance, management/cost, tax, and auditing/systems. The program can be finished in two years.

In 2014, the Award of Excellence was given to the MSU Accounting Club by the Institute of Management Accountants.

#3. University of Central Missouri

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Tuition and Fees: $19,712

University of Central Missouri, or UCM, placed 351st in Washington Monthly’s rankings of Master’s Universities. U.S. News and World Report gave the school a top 30 ranking among public universities in the Midwest. UCM had an enrollment of 2,539 graduate students in Fall 2013.

School Overview

Missouri residents are charged $10,595 for tuition and fees. UCM demonstrated a commitment to keeping education costs down by not increasing tuition and fees in the last two school years. Close to 92% of its students receive financial aid.

UCM offers a Master of Arts in Accountancy. The curriculum comprises an accounting core of three courses, or nine credit hours, and 24 credit hours of electives. Sample electives include Financial Statement Analysis, Advanced Managerial Accounting, and Corporate Taxation.

The placement rate for graduate accounting students is over 94%.

#4. Western Kentucky University

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Tuition and Fees: $20,730

Western Kentucky University, or WKU, is one of the top universities in the South according to U.S. News and World Report. The school ranked just outside the top 30 in the publication’s rankings of Southern Regional Universities. Among public schools in the category, WKU placed 12th.

School Overview

The tuition and fees for Kentucky residents are $15,450.

The 30 credit hour Master of Accountancy program from WKU teaches students advanced skills in financial reporting, accounting information systems control, and tax research. Students complete 18 hours of required courses and 12 hours of electives to graduate.

WKU ranked 228th in Washington Monthly’s rankings of Master’s Universities. In Fall 2013, the university had a student to faculty ratio of 17 to 1 and an enrollment of 2,939 graduate students.

#5. University of Southern Mississippi

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Tuition and Fees: $20,740

University of Southern Mississippi, or Southern Miss, is a public university ranked 145th in Washington Monthly’s 2014 rankings of National Universities. The school is designated as a Research University with high research activity by The Carnegie Classification of Institutions of Higher Education.

School Overview

Mississippi residents pay $9,308 in tuition and fees.

Southern Miss’ Master of Professional Accountancy can be completed in one year. The typical course load is 12 hours in the fall and spring semesters and six hours in the summer semester.

Students in the program are eligible for membership in the Beta Alpha Psi chapter of Southern Miss. Beta Alpha Psi is an international honor organization for financial information students. Southern Miss’ chapter was awarded Superior Chapter status in the last three academic years.

#6. Wichita State University

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Tuition and Fees: $20,862

Wichita State University placed 178th in Washington Monthly’s 2014 rankings of National Universities. The Carnegie Classification of Institutions of Higher Education classified Wichita State as a Research University with high research activity. The school is a Tier 2 National University in U.S. News and World Report’s rankings.

School Overview

The tuition and fees for Kansas residents are $9,323. In Fall 2014, WSU hired an academic advisor to specialize in helping students apply for competitive national scholarships such as Rhodes, Marshall, and Fulbright.

The Master of Accountancy from WSU is a 30 credit hour program. Students can take courses such as Accounting Information Systems, Financial Accounting and Reporting: Contemporary Issues, and Accounting for Strategic Support and Performance Evaluation.

The courses are offered mainly in the fall and spring semesters. A limited number of classes are available in the summer.

#7. University of Louisville

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Tuition and Fees: $21,000

University of Louisville, or UofL, ranked 161st among National Universities in U.S. News and World Report’s rankings. Among public schools in the category, the school placed 88th. UofL was named one of The Best 379 Colleges, a list of top schools by The Princeton Review.

School Overview

UofL’s Master of Accountacy program is designed for students who desire to pass the CPA exam and start careers in public accounting. The accounting faculty provides students with useful resources that help them understand the concepts in the CPA exam.

The program is cohort-based. New students start in August and work with a group of other students throughout the program. This format gives students an opportunity to build relationships and learn from each other.

In Washington Monthly’s rankings of National Universities, UofL was awarded 119th place.

#8. Texas A & M University-Corpus Christi

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Tuition and Fees: $21,027

Texas A & M University-Corpus Christi, or TAMUCC, has one of the top business schools in the West according to The Princeton Review. The school ranked 176th in Washington Monthly’s rankings of National Universities. TAMUCC is part of the Texas A & M University System.

School Overview

Texas residents pay $9,934 in tuition and fees.

The Master of Accountancy from TAMUCC prepares students with skills to qualify for upper level jobs in companies including accounting firms. Sample courses include Ethics for Accountants & Business Executives, Integrative Seminar in Accounting, and Strategic Cost Management. The program can be completed in approximately one year. 30 hours are required to graduate.

TAMUCC is the only campus in the country located on its own island. Between study sessions, students enjoy walks on the beach and tasty local seafood.

#9. California State University, Fullerton

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Tuition and Fees: $21,115

According to Washington Monthly, California State University, Fullerton (CSUF) offers one of the best values in higher education. The publication ranked CSUF 4th in its 2014 Best Bang for the Buck rankings. Also, the school placed 40th among Regional Universities in the West in U.S. News and World Report’s rankings.

School Overview

Residents of California pay $9,955 in tuition and fees.

The Master of Science in Accountancy from CSUF covers the foundational concepts of accounting and business administration. Also, students gain knowledge about the technical aspects of the accounting profession. The program culminates with a capstone project. The accounting faculty ranked 133rd in BYU’s accounting research rankings.

CSUF has a diverse student body. In Fall 2014, the ethnic groups with the most representation were Hispanic, White, and Asian/Pacific Islander with 36% share, 25%, and 21%, respectively.

#10. New Mexico State University

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Tuition and Fees: $21,196

New Mexico State University’s (NMSU) College of Business was named one of the best business schools in the West by The Princeton Review. The school also earned a 104th ranking on Washington Monthly’s list of top National Universities. NMSU is located in Las Cruces, New Mexico.

School Overview

The tuition and fees for New Mexico residents are $8,037.

NMSU’s Master of Accountancy is a 30 credit program that emphasizes research skills to prepare students for the ever-changing business environment.

The curriculum consists of 21 credits of accounting courses and nine credits of electives. Three of the elective credits must be satisfied with the course, Technical and Professional Communication for Accountants. Also, at least six elective credits must be non-accounting courses. Students must pass a comprehensive exam at the end of the program to graduate.

#11. Western Illinois University

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Tuition and Fees: $21,498

Western Illinois University, or WIU, is one of the best public universities in the Midwest according to U.S. News and World Report. The publication ranked WIU in the top 10 of its category, Top Public Schools among Regional Universities (Midwest). The university also received a Best Midwestern College designation by The Princeton Review.

School Overview

Illinois, Iowa, Indiana, Missouri, and Wisconsin residents are charged $11,979 for tuition and fees.

The curriculum of WIU’s Master of Accountancy degree helps students develop skills in critical thinking and business communication. Also, students can tailor their courses to fit their career goals. 30 semester hours are required to graduate. At least 15 of those hours must be accounting courses.

Class sizes are limited to improve interaction between the faculty and the students. Most professors have one or more professional certifications.

#12. University of Nebraska at Omaha

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Tuition and Fees: $21,836

University of Nebraska at Omaha (UNO) placed 163rd in Washington Monthly’s rankings of National Universities. The school is classified as a Tier 2 National University by U.S. News and World Report. Also, UNO is a top Midwestern school in the rankings of The Princeton Review.

School Overview

Nebraska residents pay $8,635 in tuition and fees.

The Master of Accounting degree from UNO is designed for individuals who aspire for positions that require a high level of accounting skill. Students can choose from courses such as Graduate Topics in Income Taxation, Strategic and Operational Planning and Control, and Seminar in Accounting Information Systems. The required coursework covers three main topics: business ethics, business analytics, and strategic financial management.

UNO’s accounting faculty placed 176th in the accounting research rankings of BYU.

#13. University at Buffalo, The State University of New York

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Tuition and Fees: $22,305

University at Buffalo, The State University of New York (UB) is the largest campus in the State University of New York (SUNY) system. UB is categorized as a Research University with very high research activity by The Carnegie Classification of Institutions of Higher Education.

School Overview

The tuition and fees for New York residents are $12,485. UB ranked 55th in Washington Monthly’s Best Bang for the Buck Rankings.

The Master of Science in Accounting from UB takes one year to complete. The school only offers admission in the fall. UB accounting graduates have accepted job offers from top companies such as Citigroup, Deloitte, and KPMG.

UB placed 103rd in U.S. News and World Report’s rankings of National Universities. Among public institutions in the category, the university ranked 48th.

#14. Kent State University

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Tuition and Fees: $23,130

Kent State University is ranked 214th and 194th in the National Universities rankings of Washington Monthly and U.S. News and World Report, respectively. The school is also home to a top business school in the Midwest according to The Princeton Review.

School Overview

Ohio residents pay $13,562 in tuition and fees. 80% of Kent State students receive financial aid.

Kent State offers a Master of Science in Accounting that teaches students how to evaluate the financial health of a company and provide practical solutions to accounting problems. The university has an active internship program.

The Carnegie Classification of Institutions of Higher Education placed Kent State in the category, Research Universities (high research activity). Also, Kent State’s accounting department ranked 185th in BYU’s accounting research rankings.

#15. Southern Illinois University Edwardsville

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Tuition and Fees: $23,359

Southern Illinois University Edwardsville, or SIUE, earned a top 50 ranking in U.S. News and World Report’s list of best Regional Universities in the Midwest. Among the public schools in the category, SIUE ranked just outside the top 10 at 11th place.

School Overview

SIUE offers lower tuition and fees ($10,790) to residents of the following states: Illinois, Missouri, Iowa, Kentucky, Wisconsin, Arkansas, Indiana, and Tennessee.

The Master of Science in Accountancy from SIUE satisfies the educational requirements to sit for the CPA examination in Illinois. Along with completing the coursework, students must also complete a research project and pass a final exam to graduate.

SIUE ranked 40th in Washington Monthly’s rankings of Master’s Universities. The university’s School of Business was named one of the top business schools in the Midwest by The Princeton Review.

#16. University of Nevada, Las Vegas

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Tuition and Fees: $23,547

University of Nevada, Las Vegas (UNLV) placed 80th in BYU’s acccounting research rankings. Washington Monthly ranked the school 168th in its rankings of National Universities. UNLV is classified as a Research University with high research activity by The Carnegie Classification of Institutions of Higher Education.

School Overview

The tuition and fees for residents of Nevada are $9,037.

UNLV offers a Master of Science in Accounting program for full-time and part-time students. The program length is 30 credit hours, 15 of which must be graduate level accounting courses. The remaining hours consist of 12 elective hours and a three hour capstone course. Students can choose from three different capstone courses.

UNLV’s Lee Business School is one of the best business schools in the West according to The Princeton Review.

#17. Texas State University

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Tuition and Fees: $23,636

Located in San Marcos, Texas, Texas State University is a top Western school in The Princeton Review’s rankings. U.S. News and World Report ranked Texas State the 50th best Regional University in the West. Among public institutions in the category, Texas State placed 12th.

School Overview

Texas residents are charged $11,762 for tuition and fees.

The Master of Accountancy from Texas State is a 33 credit hour program consisting of 15 hours of core accounting courses, 15 hours of electives, and 3 hours of a professional research course. Sample courses include External Auditing, Advanced Tax Concepts, and Accounting Ethics and Professionalism.

The ethical implications in auditing and financial reporting are a particular topic focus by the accounting faculty.

Texas State placed 85th in the category, Master’s Universities, in Washington Monthly’s 2014 rankings.

#18. Louisiana Tech University

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Tuition and Fees: $23,774

Louisiana Tech University is a Research University with high research activity according to The Carnegie Classification of Institutions of Higher Education. The school ranked 201st in U.S. News and World Report’s rankings of National Universities. Louisiana Tech is part of the University of Louisiana System.

School Overview

The tuition and fees for Louisiana residents are $8,688.

Louisiana Tech offers a 30 credit hour Master of Professional Accountancy program. Students must complete 21 hours of accounting courses, 6 hours of business electives, and the three hour course, Business Law for Accountants, to graduate. The accounting courses cover topics including accounting theory, analysis and controls, and income taxes.

Louisiana Tech is the eighth most underrated college in the nation according to Business Insider’s 2015 ranking of the 50 Most Underrated Colleges in America.

#19. Boise State University

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Tuition and Fees: $23,838

Washington Monthly ranked Boise State University 133rd in its rankings of Master’s Universities. U.S. News and World Report classified the school in the category, Regional Universities (West), and gave it a ranking of 63rd place. Boise State is located in Boise, Idaho.

School Overview

Idaho residents pay $9,786 in tuition and fees.

The primary focus of Boise State’s Master of Science in Accountancy is to prepare students for successful careers as CPAs. Over the course of the program, students develop the skills to become partners and owners of public accounting firms. They can choose from over 22 accounting courses.

For qualified students, many different internships and job opportunities are available because Boise State has a strong reputation within the community and faculty members have relationships with local companies.

#20. University of Akron

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Tuition and Fees: $23,880

University of Akron, or UA, was given the designation of Research University (high research activity) by The Carnegie Classification of Institutions of Higher Education. UA’s College of Business Administration was named one of the Best Business Schools in the Midwest by The Princeton Review.

School Overview

The tuition and fees for Ohio residents are $14,884.

UA’s 30 credit hour Master of Science in Accountancy includes the option to specialize in accounting information systems or finance. The required accounting core courses go over topics such as financial data communications and risk assessment. Students are usually admitted to the program in the fall.

Washington Monthly ranked UA 215th in its rankings of National Universities while U.S. News and World Report classified UA as a Tier 2 National University.

#21. University of Idaho

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Tuition and Fees: $24,040

University of Idaho (UI) is one of the best university values according to Washington Monthly. The publication ranked UI 31st in its Best Bang for the Buck rankings of National Universities. The university was also included as a top school in The Princeton Review’s book, The Best 379 Colleges: 2015 Edition.

School Overview

Idaho residents are charged $10,510 for tuition and fees.

UI offers a 30 credit hour Master of Accountancy to students interested in furthering their accounting education. The curriculum consists of three required three-hour courses (Accounting for Management Decision Making & Control, Advanced Auditing Seminar, and Financial Accounting & Reporting Seminar) and 21 hours of electives. Students can work as an intern and earn elective hours from their experience.

UI ranked 166th in U.S. News and World Report’s National Universities rankings.

#22. Mississippi State University

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Tuition and Fees: $24,059

Mississippi State University (MSU) ranked 77th in the rankings of National Universities by Washington Monthly. In U.S. News and World Report’s rankings of the same school type, MSU ranked 156th. The university placed 133rd in the accounting research rankings of BYU.

School Overview

The tuition and fees for Mississippi residents are $9,325.

The Master of Professional Accountancy from Mississippi State is a 30 hour degree consisting of 21 hours of accounting classes and 9 hours of non-accounting business classes. Also, students may choose to forgo some accounting electives and take business information systems classes instead and earn a concentration in that field.

Mississippi State is classified by The Carnegie Classification of Institutions of Higher Education as a Research University with very high research activity. Also, the university ranked 133rd in BYU’s accounting research rankings.

#23. Morgan State University

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Tuition and Fees: $24,060s

Morgan State University is a historically black, urban, public university located in Baltimore, Maryland. The school ranked 15th in U.S. News and World Report’s rankings of historically black schools. Morgan State placed 179th in the National University rankings of Washington Monthly.

School Overview

Maryland residents pay $13,410 in tuition and fees.

The Master’s of Professional Accountancy from Morgan State is designed for students interested in working in the public accounting arena. However, graduates are still equipped to fill corporate financial management and investment bank positions.

Students enroll in courses about relevant accounting topics such as business taxation, forensic accounting, corporate finance, and financial statement analysis. The courses are offered in the evening to accommodate working adults. To graduate, students are required to complete 30 credit hours at the graduate level.

#24. Bowling Green State University

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Tuition and Fees: $24,197

Located in Bowling Green, Ohio, Bowling Green State University (BGSU) is a Research University with high research activity according to The Carnegie Classification of Institutions of Higher Education. BGSU’s College of Business was included in The Princeton Review’s book, The Best 296 Business Schools (2015 Edition).

School Overview

Residents of Ohio are charged $15,059 for tuition and fees. 80% of BGSU students receive financial assistance.

BGSU’s Master of Accountancy has three tracks: Accounting and Auditing, Information Systems Auditing and Control, and Taxation. Along with the different tracks, students can choose from elective courses like Advanced Managerial Accounting and Fraud Examination. Also, the curriculum helps students prepare for the CPA exam. The program can be completed in 12 months.

Among National Universities, BGSU was ranked 155th and 173th by Washington Monthly and U.S. News and World Report, respectively.

#25. Northern Illinois University

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Tuition and Fees: $24,339

Northern Illinois University’s (NIU) master’s program in accounting ranked 34th in Public Accounting Report’s 2014 survey of accounting professors. The school placed 175th and 194th in the National University rankings of Washington Monthly and U.S. News and World Report, respectively.

School Overview

The tuition and fees for residents of Illinois are $13,905.

NIU’s graduate accounting program, Master of Accounting Science (Leadership), combines accounting knowledge with leadership training to prepare students to lead a team of employees.

Two tracks are available for students who want to specialize in Financial Reporting and Assurance or Taxation. Also, earning the degree satisfies the education requirements to sit for the CPA examination in Illinois.

In 2013 and 2014, 234 students were involved in internships through the internship program of NIU.

#26. Bradley University

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Tuition and Fees: $24,350

Bradley University made The Princeton Review’s 2015 list of The Best 379 Colleges. Also, the university was ranked 4th by U.S. News and World Report in the category, Regional Universities (Midwest). Bradley placed 86th in Washington Monthly’s rankings of Master’s Universities.

School Overview

The Master of Science in Accounting from Bradley is a 30 credit hour program. Required core courses include Financial Accounting Theory, Federal Taxes II, and Applied Professional Accounting Research (Comprehensive Exam). The degree allows for customization as students can take up to 15 elective credit hours.

Graduates of the program work in a variety of companies, from the Big 4 accounting firms to government agencies and non-for-profit organizations.

Bradley is a private, independent school with a student to faculty ratio of 12 to 1.

#27. Clemson University

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Tuition and Fees: $24,390

Clemson University’s Master of Professional Accountancy program earned a top 50 ranking in Public Accounting Report’s rankings. In U.S. News and World Report’s rankings, Clemson placed 62nd and 8th in the categories, National Universities and Up-and-Coming Schools, respectively.

School Overview

Clemson offers reduced tuition and fees of $12,700 to South Carolina residents.

The Master of Professional Accountancy program is geared towards students who want to become CPAs. The program includes a CPA review course that is spread out strategically over the fall, spring, and summer semesters.

Also, Clemson uses the cohort model to facilitate an environment where students support each other as they progress through the coursework and study for the CPA exam.

Clemson ranked 90th in BYU’s accounting research rankings.

#28. University of South Alabama

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Tuition and Fees: $24,905

The Carnegie Classification of Institutions of Higher Education classified University of South Alabama (USA) as a Research University with high research activity. USA ranked 218th in Washington Monthly’s rankings of National Universities. The university is a public school located in Mobile, Alabama.

School Overview

The tuition and fees for Alabama residents are $12,545.

USA offers a Master of Accounting degree composed of six core courses and four elective courses for a total of 30 credit hours. Sample core courses include Professional Accounting, Advanced Management Accounting, and Taxation of Gifts, Trusts and Estates. Students can choose from electives such as Economic Theory and Global Environment of Business. Courses are held at day and at night.

Over 88% of USA’s business professors have doctoral degrees. The student to faculty ratio is 19 to 1.

#29. University of Nevada, Reno

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Tuition and Fees: $25,202

University of Nevada, Reno (UNR) ranked 84th in Washington Monthly’s Best Bang for the Buck rankings. Among National Universities, UNR ranked 38th. The school placed 194th in U.S. News and World Report’s rankings of National Universities. UNR is part of the Nevada System of Higher Education.

School Overview

The tuition and fees for residents of Nevada are $11,292.

The College of Business of UNR is one of the leading business schools in the West according to The Princeton Review. The college’s Masters Degree in Accountancy teaches students about international accounting and taxation of flow-through entities. Also, students are required to take two non-accounting courses.

UNR is classified by The Carnegie Classification of Institutions of Higher Education as a Research University with high research activity. The university is ranked 237th in the accounting research rankings of BYU.

#30. Illinois State University

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Tuition and Fees: $25,411

Illinois State University’s College of Business is one of the top business schools in the Midwest according to The Princeton Review. The school also ranked 56th in Washington Monthly’s Best Bang for the Buck rankings of National Universities. Illinois State had an enrollment of 2,460 graduate students in Fall 2014.

School Overview

Illinois residents pay $13,801 in tuition and fees.

The Master of Science in Accountancy consists of 30 semester hours. Courses include Introduction to Research Methodology In Accounting and Current Issues in Accounting.

Illinois State provides internship opportunities to its graduate accounting students. Also, an internship coordinator works with students and employers to maximize the internship experience.

In U.S. News and World Report’s rankings, Illinois State ranked 142nd in the category, National Universities. Out of the public schools in the category, Illinois State placed 74th.