MS in Management: Accounting

1 Years On Campus Masters Program

University of Wisconsin Milwaukee

Program Overview

The Master in Management – Accounting at the University of Wisconsin–Milwaukee (UWM) is designed for students who want to develop advanced accounting expertise and prepare for professional careers in accounting, auditing, taxation and financial reporting. The program combines accounting principles with data analytics, information systems, financial management and business strategy, helping students build the technical and analytical skills needed to address complex financial challenges.

Curriculum Structure

Core Coursework: Students begin by strengthening their knowledge of financial accounting, accounting systems, taxation and data-driven financial analysis. Courses such as Introduction to Data Analytics in Accounting (BUS ADM 401G), Accounting Information Systems (BUS ADM 408) and Advanced Financial Accounting Theory (BUS ADM 722) help students interpret financial information, understand accounting technologies and apply analytical methods to business decisions. They also study Business Combinations and Governmental Accounting (BUS ADM 724) and Strategic Cost Management I (BUS ADM 725) to develop expertise in financial reporting and organizational cost management.

Advanced Study and Electives: Students advance their professional knowledge through specialized coursework in auditing, taxation, financial reporting and accounting analytics. Courses such as Auditing Theory and Applications (BUS ADM 728), Current Issues in Financial Reporting (BUS ADM 840) and Advanced Audit and Assurance (BUS ADM 844) prepare students to evaluate financial statements, understand auditing standards and assess organizational controls. Advanced Analytics in Accounting (BUS ADM 846) further develops their ability to use analytical techniques and technology to support accounting decisions. Students may also explore electives such as Information Systems Assurance and Advisory (BUS ADM 727) and Advanced Business Law (BUS ADM 753).

Focus Areas: Financial Accounting, Advanced Financial Reporting, Accounting Information Systems, Accounting Data Analytics, Auditing, Assurance Services, Taxation, Strategic Cost Management, Business Combinations, Governmental Accounting, Financial Statement Analysis and Business Law.

Learning Outcomes: Analyze complex financial statements, apply advanced accounting standards and principles, use data analytics to support accounting decisions, evaluate accounting information systems and internal controls, understand auditing and assurance procedures, assess taxation and financial reporting issues, manage organizational costs, and communicate financial information effectively to support business decisions.

Professional Alignment (Accreditation): The curriculum combines advanced accounting theory with practical learning in financial reporting, auditing, taxation and data analytics. Students develop professional competencies relevant to public accounting, corporate accounting, government and consulting roles, with the option to undertake a management research project. The Lubar College of Business holds AACSB accreditation, and UWM states that graduates of the MS in Accounting qualify to take the CPA examination upon graduation, subject to applicable jurisdictional requirements. Students must satisfy the relevant state's education and licensing requirements to become licensed CPAs.

Reputation (Employability Rankings): UWM's Lubar College of Business has strong connections with public accounting firms and major corporations, particularly across Wisconsin. The college identifies itself as a leading provider of accounting graduates to international public accounting firms and major Wisconsin-based corporations. Graduates can pursue careers as Accountants, Financial Reporting Analysts, Auditors, Tax Associates, Internal Auditors, Accounting Consultants, Forensic Accountants and Financial Analysts.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Wisconsin Milwaukee, the MS in Management: Accounting program is designed to provide students with hands-on experiences that bridge the gap between theory and practice. Students have access to state-of-the-art facilities and tools that enhance their learning and prepare them for successful careers in accounting. The program emphasizes experiential learning through various opportunities, including internships, group projects, and the use of advanced software.

Here are some key aspects of the experiential learning opportunities available in the MS in Management: Accounting program:

- Internships: Students can participate in internships with local businesses and organizations, gaining real-world experience and networking opportunities.
- Group Projects: Collaborative projects allow students to work in teams, simulating real-world accounting scenarios and enhancing teamwork skills.
- Software Training: The program includes training on industry-standard accounting software such as QuickBooks and SAP, equipping students with essential technical skills.
- Field Trips: Students have the chance to visit local companies and accounting firms, providing insights into the industry and its practices.
- Research Laboratories: Access to dedicated research labs allows students to engage in data analysis and financial modeling, fostering a deeper understanding of accounting principles.
- Libraries and Resources: The UWM Golda Meir Library offers extensive resources, including databases and journals specific to accounting and finance.
- Institute for Financial Literacy: This institute provides workshops and seminars that focus on practical financial skills and literacy, enhancing students' understanding of personal and corporate finance.

Progression & Future Opportunities

The MS in Management: Accounting program at the University of Wisconsin Milwaukee equips students with the skills and knowledge necessary to excel in the accounting field. Graduates often find themselves in high-demand roles such as Financial Analyst, Auditor, Tax Consultant, and Accounting Manager. With a strong foundation in both management and accounting principles, you’ll be well-prepared to navigate the complexities of today’s financial landscape.

Here’s how the University of Wisconsin Milwaukee supports your career journey:

- Career Services: The university offers dedicated career counseling, resume workshops, and interview preparation to help you stand out in the job market.
- Employment Statistics: Over 90% of graduates from the College of Business Administration secure employment within six months of graduation, with starting salaries averaging around $65,000.
- University–Industry Partnerships: UWM has established strong connections with local and national firms, providing students with internship opportunities and networking events that can lead to job placements.
- Accreditation: The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring that your degree holds significant value in the job market.
- Graduation Outcomes: Alumni have gone on to work for prestigious companies such as Deloitte, Ernst & Young, and KPMG, showcasing the program's strong reputation.

Further Academic Progression: After completing your MS in Management: Accounting, you may choose to pursue additional certifications such as Certified Public Accountant (CPA) or Certified Management Accountant (CMA). Additionally, you could consider enrolling in a Ph.D. program in Accounting or Business Administration, which would further enhance your expertise and open doors to academic or high-level corporate positions. The opportunities for growth and advancement are abundant, making this program a fantastic stepping stone for your future career.