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Sherman Klump 
UConn Fan
Wellman College
Member since Jul 2011
1153 posts
| Graduate school now then MBA (Posted on 10/1/12 at 8:13 am)
How does the GMAT scores work if I were to go to grad school now in acct, and then the MBA a few years down the road? Does the score expire after a few years or you can retake it if you want but you do not have too?
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AUtigerNOLA 
Auburn Fan
New Orleans, LA
Member since Apr 2011
5100 posts
| re: Graduate school now then MBA (Posted on 10/1/12 at 8:23 am to Sherman Klump)
quote:
How does the GMAT scores work if I were to go to grad school now in acct, and then the MBA a few years down the road? Does the score expire after a few years or you can retake it if you want but you do not have too?
To my knowledge, I believe the score is good for 5 years. You can always retake the GMAT, if you choose to.
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Jim Rockford 
LSU Fan
Member since May 2011
23214 posts
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| re: Graduate school now then MBA (Posted on 10/1/12 at 9:29 am to Sherman Klump)
why would you bother getting an MBA if you have a MS in ACCT?
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wiltznucs 
South Florida Fan
Apollo Beach, FL
Member since Sep 2005
4356 posts
| re: Graduate school now then MBA (Posted on 10/1/12 at 10:15 am to Jim Rockford)
quote:
why would you bother getting an MBA if you have a MS in ACCT?
This... I've seen many with an MS Finance plus an MBA but not so much with MS Accounting.
Those doing the best in my area are those going MIS plus MBA. A few are yanking down some serious cash..
This post was edited on 10/1 at 10:17 am
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Sherman Klump
UConn Fan
Wellman College
Member since Jul 2011
1153 posts
| re: Graduate school now then MBA (Posted on 10/1/12 at 12:32 pm to wiltznucs)
Just doing the MS in acct to get the 150 for the cpa. In a few years I'd like to get my MBA. The ms in acct is basically seen as useless to me outside of meeting the required 150.
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ZereauxSum
LSU Fan
Atlanta, GA
Member since Nov 2008
5739 posts
| re: Graduate school now then MBA (Posted on 10/1/12 at 2:30 pm to wiltznucs)
quote:
MIS plus MBA.
Given what i do now, If I had it to do all over again, this is what I would have done.
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AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
5100 posts
| re: Graduate school now then MBA (Posted on 10/1/12 at 3:44 pm to ZereauxSum)
quote:
MIS plus MBA.
MIS as in Management Information Systems?
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Crbello4Hiceman
LSU Fan
Lurking
Member since May 2011
373 posts
| re: Graduate school now then MBA (Posted on 10/1/12 at 4:04 pm to Sherman Klump)
If you want to work in accounting, get either. If you want to work in management after you do accounting for awhile, get the MBA.
In terms of usefulness, all entry level accounting firms care about is if you are eligible to sit for the CPA. Down the line, some employers prefer and "advanced degree" but if it is a financial position (controller/CFO/ VP of Finance etc) I have never seen them list as preferential one over the other. In the world of financial information jobs, they are interchangeable. It would be like getting a BS in both finance and accounting- most employers would wonder why you did both.
At the end of the day, MS prepares you for the CPA better, MBA is more flexible, but as long as you aren't branching outside of accounting type work, MBA won't give you an edge over an MS in accounting.
This is not the case if you want to move into information systems/operations management etc.
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OceanMan
LSU Fan
Member since Mar 2010
1892 posts
| re: Graduate school now then MBA (Posted on 10/1/12 at 5:24 pm to Crbello4Hiceman)
quote:
At the end of the day, MS prepares you for the CPA better, MBA is more flexible, but as long as you aren't branching outside of accounting type work, MBA won't give you an edge over an MS in accounting.
This.
And if you are going into public accounting, which I assume that you are, you will not find a firm that is willing to pay for your MBA, not to mention you will not have time as a public acct JMO.
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TheHiddenFlask 
Clemson Fan
The Welsh red light district
Member since Jul 2008
16382 posts
| re: Graduate school now then MBA (Posted on 10/1/12 at 7:53 pm to OceanMan)
MBAs right out of undergrad for business majors are a mistake.
TE OP had the right idea IMO.
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ZereauxSum
LSU Fan
Atlanta, GA
Member since Nov 2008
5739 posts
| re: Graduate school now then MBA (Posted on 10/1/12 at 7:56 pm to AUtigerNOLA)
quote:
MIS as in Management Information Systems?
Yup.
Used to be called ISDS (information systems and decision sciences) at LSU (maybe still is?).
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Sherman Klump
UConn Fan
Wellman College
Member since Jul 2011
1153 posts
| re: Graduate school now then MBA (Posted on 10/2/12 at 1:00 am to TheHiddenFlask)
It's just what I would like to do in the future, but not sure if it will be feasible as seeing I'd have to quit work. The expenses and lost income might be to overwhelming at that point in my life to go for the MBA.
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gabe311 
New Orleans Saints Fan
New Orleans
Member since Jun 2010
1906 posts
| re: Graduate school now then MBA (Posted on 10/2/12 at 9:45 am to Sherman Klump)
The school you are at doesn't have a Pre-CPA program to get you the hours? That's what I did.
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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16382 posts
| re: Graduate school now then MBA (Posted on 10/2/12 at 10:20 am to gabe311)
quote:
The school you are at doesn't have a Pre-CPA program to get you the hours? That's what I did.
How is that not completely inferior to a MS in ACCT?
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Crbello4Hiceman
LSU Fan
Lurking
Member since May 2011
373 posts
| re: Graduate school now then MBA (Posted on 10/2/12 at 10:37 am to TheHiddenFlask)
CPA license > advanced degree. Therefore, if you pass the exam, you will lead with that on your resume, rather than with your advanced degree. I know alot of guys who weren't accounting majors but got the hrs/requirements to sit and passed the CPA. They are now managers for CPA firms, controllers, CFO's etc. lack of an advanced degree didn't hurt.
Perhaps 10 or 20 years from now that might change since almost everyone is getting a masters, but that increase in supply of advanced degreed+licensed workforce will be offset by the fact that there are so many retirees in the field, IMO. Not saying to not get the MS, just saying it isn't as important as the CPA exam.
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Slickback
LSU Fan
Deer Stand
Member since Mar 2008
21990 posts
| re: Graduate school now then MBA (Posted on 10/2/12 at 4:09 pm to Sherman Klump)
I'd go grad school now and save the MBA. Find a company that wants to pay for it for you.
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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16382 posts
| re: Graduate school now then MBA (Posted on 10/2/12 at 5:10 pm to Crbello4Hiceman)
quote:
CPA license > advanced degree. Therefore, if you pass the exam, you will lead with that on your resume, rather than with your advanced degree. I know alot of guys who weren't accounting majors but got the hrs/requirements to sit and passed the CPA. They are now managers for CPA firms, controllers, CFO's etc. lack of an advanced degree didn't hurt.
Perhaps 10 or 20 years from now that might change since almost everyone is getting a masters, but that increase in supply of advanced degreed+licensed workforce will be offset by the fact that there are so many retirees in the field, IMO. Not saying to not get the MS, just saying it isn't as important as the CPA exam.
All very good points, but that had nothing to do with why:
No masters degree > A masters degree
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Crbello4Hiceman
LSU Fan
Lurking
Member since May 2011
373 posts
| re: Graduate school now then MBA (Posted on 10/3/12 at 11:15 am to TheHiddenFlask)
Not saying that no masters > a masters. I got my MS when I could have taken 7 more hrs to be eligible for the CPA exam. I'm just saying that there is no guarantee that the advanced degree will help you in the world of accounting if you are a CPA. If I had just gotten the 7 hrs and passed the exam, I'd most likely have the same career track I have now. I just did the MS because I figured it couldn't hurt to have plus I wanted another football season.
To clarify what I was trying to say, the MS is lateral at best or even inferior to the CPA. If you are getting the CPA, it isn't necessarily a strike against you if you don't have a masters (assuming you want to work in accounting only).
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gabe311
New Orleans Saints Fan
New Orleans
Member since Jun 2010
1906 posts
| re: Graduate school now then MBA (Posted on 10/3/12 at 1:40 pm to TheHiddenFlask)
quote:
How is that not completely inferior to a MS in ACCT?
Then go get an MBA/CPA.
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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16382 posts
| re: Graduate school now then MBA (Posted on 10/3/12 at 3:01 pm to gabe311)
quote:
Crbello4Hiceman
 We're on the same page. I was addressing Gabe.
quote:
Then go get an MBA/CPA.
An MBA right out of undergrad is, for the most part, a net negative, unless you are working in government for the rest of your life.
MBA's should be reserved for later in your working career.
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