MS in Management: Professional Accounting

1 Years On Campus Masters Program

University of Wisconsin Milwaukee

Program Overview

The Master of Science in Management – Professional Accounting (MS-PA) at the University of Wisconsin–Milwaukee (UWM) is a STEM-designated, one-year graduate program designed for students who already hold a bachelor's degree in accounting and want to advance their professional expertise. The program combines advanced accounting, auditing, taxation, business law and data analytics, with opportunities to specialize in Assurance Services, Advisory or Taxation while preparing to meet the 150-credit educational requirement for CPA licensure.

Curriculum Structure

Year 1: Students develop advanced professional accounting knowledge through core courses covering taxation, financial reporting, auditing, business law and accounting analytics. Subjects such as Income Tax Accounting II (BUS ADM 706), Business Combinations and Governmental Accounting (BUS ADM 724) and Advanced Audit and Assurance (BUS ADM 844) help students strengthen their ability to interpret financial information, understand complex accounting regulations and evaluate organizational financial practices.

Specialization and Advanced Study: Students customize their studies through electives aligned with their chosen professional pathway. Those interested in assurance and auditing can explore Information Systems Assurance & Advisory (BUS ADM 727) and Financial Statement Analysis (BUS ADM 841), while students pursuing taxation can study Corporate Income Taxation (BUS ADM 823) and Tax Research, Practice, and Procedure (BUS ADM 820). The advisory pathway also emphasizes information systems, privacy and security, helping students develop expertise in technology-related accounting and consulting services.

Focus Areas: Professional Accounting, Assurance Services, Auditing, Advisory Services, Taxation, Financial Reporting, Business Law, Accounting Analytics, Information Systems Assurance, Corporate Taxation, Financial Statement Analysis and CPA Examination Preparation.

Learning Outcomes: Apply advanced accounting principles and professional standards, analyze complex financial reporting and taxation issues, evaluate auditing and assurance practices, use data analytics and technology to solve accounting problems, interpret information systems and internal controls, develop professional judgment in accounting-related decisions, and demonstrate competencies relevant to the CPA examination.

Professional Alignment (Accreditation): The program is structured around professional accounting practice and supports students working toward the educational requirements for CPA licensure. Its Assurance, Advisory and Taxation pathways align with relevant CPA examination disciplines, while coursework in auditing, taxation, financial reporting and analytics develops practical professional capabilities. The degree is STEM-designated; CPA examination eligibility and licensure requirements vary by state, and students must satisfy the applicable jurisdiction's rules.

Reputation (Employability Rankings): UWM's Lubar College of Business maintains close connections with public accounting firms and corporate accounting professionals, while its faculty bring professional CPA experience and academic research expertise into the classroom. The college reports that it is a leading provider of accounting graduates to international public accounting firms and major corporations headquartered in Wisconsin. Graduates can pursue opportunities as Certified Public Accountants, Audit Associates, Tax Consultants, Financial Reporting Analysts, Internal Auditors, Accounting Advisors and Corporate Accountants.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Wisconsin Milwaukee, the MS in Management: Professional 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, allowing students to apply their knowledge in real-world settings.

Here are some key aspects of experiential learning in the program:

- Internships: The program encourages students to participate in internships with local businesses and accounting firms, providing invaluable work experience and networking opportunities.

- Group Projects: Collaborative projects are a core component of the curriculum, allowing students to work in teams to solve real business problems, enhancing their teamwork and communication skills.

- Software Training: Students gain proficiency in industry-standard accounting software such as QuickBooks, SAP, and Excel, which are essential tools in the accounting profession.

- Field Trips: The program includes field trips to local businesses and accounting firms, giving students insights into the day-to-day operations and challenges faced by professionals in the field.

- Research Facilities: Access to dedicated research labs and resources, including the UWM Libraries, allows students to conduct in-depth research and stay updated on the latest accounting trends and practices.

- Networking Events: The program hosts various networking events and workshops, connecting students with industry professionals and alumni who can provide guidance and mentorship.

- Accounting Institute: The UWM Accounting Institute offers additional resources, including guest lectures and seminars, to further enrich the learning experience.

Progression & Future Opportunities

The MS in Management: Professional Accounting at the University of Wisconsin Milwaukee prepares graduates for a successful career in the accounting field, equipping them with the skills and knowledge necessary to excel in various roles. Graduates often find themselves in positions such as Certified Public Accountant (CPA), Financial Analyst, Tax Consultant, and Audit Manager. With a strong foundation in both management and accounting, you’ll be well-prepared to navigate the complexities of the financial world.

Here’s how UWM supports your journey toward a successful career:

- Career Services: The university offers dedicated career counseling, resume workshops, and interview preparation to help you stand out in the job market.
- Employment Statistics: UWM boasts an impressive employment rate, with over 90% of graduates securing jobs within six months of graduation, often with starting salaries averaging around $60,000 to $70,000.
- 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 long-term value and is recognized by employers worldwide.
- Graduation Outcomes: Alumni of the program have gone on to work for prestigious firms such as Deloitte, Ernst & Young, and KPMG, showcasing the program's strong reputation in the industry.

Further Academic Progression: After completing your MS in Management: Professional Accounting, you may choose to pursue additional certifications such as the CPA or CMA (Certified Management Accountant) to further enhance your qualifications. Additionally, you could consider enrolling in a Ph.D. program in Accounting or Business Administration if you’re interested in academic research or teaching at the university level. This pathway not only deepens your expertise but also opens doors to leadership roles in academia or advanced positions in the corporate world.