Master of Accounting (MAcc)
- Cost per credit: $1,070
- Credits: 30
- Location: Baltimore campus
- Average Class Size: 25
- Time to Completion: 10 months
GMAT/GRE test requirements now waived for the Summer 2021 and Fall 2021 start terms for all MAcc applicants.
The Master of Accounting Experience
Loyola's Master of Accounting (MAcc) program is designed for recent accounting graduates who want relevant, high-quality coursework to accelerate their careers. Obtaining the CPA credential provides many career options in public, corporate, managerial, and government accounting, corporate finance, consulting, non-profit management, and law enforcement. The Loyola MAcc provides a clear path to both a master level credential and requisite credit hours to be a licensed CPA.
Beginning summer 2020, MAcc students will have the option of customizing their program by tailoring electives to meet individual career goals. Visit our curriculum page for details on the General MAcc, Tax track, or Data Analytics track.
Loyola's accounting program is accredited by AACSB-International and is among the few accredited schools in the world that has a separate accreditation for accounting. Our programs continue to be ranked among the best in the nation for performance by the National Association of State Boards of Accountancy (NASBA). Additional accolades include:
- The Sellinger School is recognized as a 2019 “Best Business School” by the Princeton Review
- U.S. News & World Report's "2020 Best Graduate Schools" ranks Loyola's MAcc program as No. 20
- College Factual ranks Loyola's accounting programs as #1 in Maryland
- TFE Times ranks Loyola's MAcc as No. 29 in the nation.
The 30 credit hours earned in the program, combined with an accounting undergraduate degree, meet the 150-hour education requirement for CPA licensure. MAcc students emerge ready to sit for the CPA exam and are well-positioned to enter the job market immediately after graduation. Many MAcc students graduate having already taken two sections of the exam.
- CPA pass rate among Loyola MAcc students is 9% above the national average (of all four sections) reported by the American Institute for Certified Public Accountants (AICPA) for 2020.
Important Licensure Information:
Loyola University Maryland offers several programs leading to professional licensure within the State of Maryland. States and other jurisdictions vary in what professions they require to be licensed and the requirements for licensure within their borders. Loyola University Maryland programs are designed to prepare students to apply for licensure exams in the state of Maryland. Students planning to become licensed in another state other than Maryland should contact the licensing agency for that state or jurisdiction to determine the appropriate requirements of the state-specific licensing board.
State CPA requirements are found on the National Association of State Boards of Accountancy (NASBA) website.
CPA Exam Review
Students accepting offers from firms should check to see if the firm pays for CPA exam review materials. Becker CPA Review is often the company of choice by several firms. To help students successfully prepare, we have coordinated with Becker to directly bill employers that offer this benefit (currently 80% of Loyola MAcc hiring firms). For this reason, we recommend that students wait to purchase the CPA Review until after the interview process.
Recommended schedule for CPA exam preparation during the MAcc program:
- November-January - Study for FAR
- Mid-January - Take FAR
- January-February - Study for AUD
- Early March - Take AUD
- March-April - Study for REG
- Early May - Take REG
- May - June - Study BEC
- Early June - Take BEC
The MAcc program focuses on applicants who have a bachelor’s degree in accounting or completion of the following courses (or equivalents as determined by the department chair):
- Financial Accounting
- Intermediate Accounting I
- Intermediate Accounting II
- Corporate Tax
Learn more about the MAcc curriculum.
Admission and Scholarship Application Process
GMAT/GRE test requirements now waived for Summer 2020 and Fall 2020 start terms for all MAcc applicants. The MAcc program offers a cohort learning environment with start terms in summer or fall. Application materials include a resume, personal statement, two letters of recommendations, and official transcript(s).
Applicants with strong academic and/or professional backgrounds should apply early for scholarship consideration! Learn more about the admission process, scholarships, and assistantship positions for accepted students who have deposited.