Business: Accounting and Business Analysis: Accounting, Assurance, and Advisory, MS

NA On Campus Masters Program

University of Wisconsin Madison

Program Overview

The Master of Science in Business: Accounting and Business Analysis: Accounting, Assurance, and Advisory at the University of Wisconsin–Madison is designed for students who want to develop advanced expertise in accounting, auditing, financial analysis, and business advisory services. This specialized pathway prepares graduates for careers in public accounting firms, particularly in audit, assurance, and advisory practices, as well as corporate finance and accounting roles. Students strengthen their technical knowledge, analytical abilities, and professional judgment while exploring emerging areas of business such as risk management, technology, sustainability, mergers and acquisitions, and wealth management.

Curriculum Structure

Core Courses: Accounting and Business Analysis

Students complete three foundational courses that develop advanced accounting, analytical, and technology-related capabilities:

Accounting and Analysis for Reporting Entities
Foundation in Accounting Analytics
Information Risk, Control, and Forensics

These courses develop students' understanding of financial reporting, accounting data analysis, information systems, internal controls, and technology-related risks.

Specialization Courses: Accounting, Assurance, and Advisory

Students complete four required courses focused on financial analysis, auditing, accounting theory, and organizational performance:

Financial Statement Analysis
Advanced Auditing: Analysis, Policy, and Judgment
Accounting Theory: Reporting Incentives and Consequences
Analysis of Performance Measurement and Control

These courses help students evaluate financial information, understand auditing standards and professional judgment, assess reporting practices, and analyze organizational performance.

Elective Courses and Professional Development

Students complete nine credits of electives to expand their knowledge of related business disciplines. Available options include Analysis of Taxation for Pass-Through Entities, Tax Research, Procedure and Analysis, Analysis of International Taxation, Investment Theory, Wealth Management and Financial Planning, Business Valuation, Mergers and Acquisitions, Risk Analytics and Behavioral Science, and Sustainability, Environmental and Social Risk Management.

The degree requires 30 credits, including 24 residence credits and at least 15 graduate-level credits. The program is delivered face-to-face at the University of Wisconsin–Madison.

Focus Areas

Financial accounting, financial reporting, accounting analytics, auditing, assurance services, business advisory, financial statement analysis, accounting theory, performance measurement, internal controls, information risk management, taxation, investment theory, wealth management, business valuation, mergers and acquisitions, sustainability, risk management, and business decision-making.

Learning Outcomes

Graduates develop the ability to apply advanced accounting and analytical techniques to business challenges, evaluate financial reporting practices, and exercise professional judgment in auditing and accounting matters. They strengthen their understanding of IT governance, internal controls, information security, and emerging technologies used in accounting. The program also develops skills in data-driven decision-making, financial analysis, research, critical thinking, professional communication, and strategic business problem-solving.

Professional Alignment

The Master of Science in Business: Accounting and Business Analysis program is accredited by AACSB International (Association to Advance Collegiate Schools of Business). The university states that the program meets the educational requirements for the Certified Public Accountant (CPA) examination in most jurisdictions. However, licensing requirements vary by state. Applicants planning to pursue CPA licensure in California or Texas should review the relevant additional educational requirements.

Reputation

The University of Wisconsin–Madison's School of Business offers this program through its Accounting and Information Systems department, combining advanced accounting education with analytical and professional development. Students also benefit from opportunities to engage with the university's employer network and explore career paths across public accounting, corporate finance, and advisory services.

Potential career paths include auditor, assurance associate, audit analyst, accounting consultant, financial reporting analyst, financial analyst, internal auditor, risk advisory consultant, corporate accountant, forensic accounting analyst, and business advisory associate.

The official program information does not provide a separate QS or Guardian ranking or a specific employment rate for this named option.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Wisconsin-Madison, the MS in Accounting and Business Analysis program is designed to provide students with hands-on experiences that bridge the gap between theory and practice. Students engage in a variety of experiential learning opportunities that equip them with the practical skills needed to excel in the accounting and business fields. The program emphasizes collaboration, critical thinking, and real-world application through various facilities and tools available on campus.

Here are some key aspects of experiential learning in the MS Accounting and Business Analysis program:

- Collaborative Projects: Students work on group projects that simulate real-world business scenarios, allowing them to apply their knowledge in a team setting.
- Internship Opportunities: The program encourages internships with local and national firms, providing students with invaluable industry experience and networking opportunities.
- Access to Cutting-Edge Software: Students gain proficiency in industry-standard software such as SAP, Tableau, and Excel, which are essential for data analysis and financial reporting.
- Field Trips: The program includes field trips to local businesses and organizations, giving students insights into various industries and operational practices.
- Research Facilities: Students have access to state-of-the-art research labs and resources, including the Wisconsin School of Business library, which offers extensive databases and research materials.
- Business Simulation Labs: The program features simulation labs where students can engage in real-time decision-making exercises, enhancing their analytical and strategic thinking skills.
- Networking Events: Regular networking events and guest speaker sessions connect students with industry professionals, fostering relationships that can lead to job opportunities.

These experiential learning components are designed to ensure that graduates are not only knowledgeable but also ready to tackle the challenges of the business world.

Consider applying to the MS Accounting and Business Analysis program to take advantage of these incredible opportunities!

Progression & Future Opportunities

The MS in Accounting and Business Analysis at the University of Wisconsin-Madison equips graduates with the skills and knowledge necessary to excel in a variety of high-demand roles. Alumni often find themselves in positions such as Financial Analyst, Management Consultant, and Internal Auditor, where they can leverage their expertise to drive business success. With a strong foundation in both accounting principles and analytical techniques, graduates are well-prepared to meet the challenges of today’s dynamic business environment.

Here’s what you can expect in terms of progression and future opportunities:

- University Services: The Wisconsin School of Business offers dedicated career services, including personalized career coaching, resume workshops, and networking events with industry professionals. The Business Career Center also hosts job fairs that connect students directly with employers.

- Employment Stats and Salary Figures: According to recent data, over 90% of graduates secure employment within six months of graduation, with starting salaries averaging around $70,000. Many graduates see significant salary growth as they gain experience in their fields.

- University–Industry Partnerships: The university has established strong partnerships with leading firms such as Deloitte, PwC, and KPMG, providing students with internship opportunities and real-world project experiences that enhance their learning.

- Long-term Accreditation Value: The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), a distinction held by only 5% of business schools worldwide, ensuring that your degree holds significant value in the job market.

- Graduation Outcomes: Graduates of the program have gone on to work for Fortune 500 companies, start their own businesses, or pursue further academic opportunities, demonstrating the versatility and strength of the degree.

Further Academic Progression: After completing the MS in Accounting and Business Analysis, you may choose to further your studies by pursuing a Ph.D. in Accounting or Business Administration, or obtaining professional certifications such as Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA). These advanced qualifications can open doors to even higher-level positions and specialized roles in academia or industry.

The University of Wisconsin-Madison is committed to your success, and this program is a fantastic stepping stone toward a rewarding career in accounting and business analysis.