||MBA for Accounting Professionals
Employers and Recruiters Please Click Here
The MBA for Accounting Professionals program addresses the needs of established accounting professionals who want to deepen their professional knowledge and experience. This program requires two or more years of recent full-time work experience in accounting or a related field, and a strong financial accounting academic background (three or more courses). We give priority to experienced Oracle and SAP professionals.
Students study on campus for 7 months and then apply their MBA skills to real-life situations in the workplace for up to 2 years during the curricular practical training (CPT)
portion of the Accounting Professionals program. The entire program is 2.5 years in length.
Students who do not have the required work experience or academic background for the Accounting Professionals program, may earn their MBA in-residence at Fairfield, with Specialization in Accounting.
Why MBA Accounting at MUM?
When you join any of the MBA Accounting programs at MUM, you participate in these benefits:
- Consistent ranking in Top 10 in North America in competitive MBA business simulations
- Experienced faculty with strong technical skills
- High levels of student engagement in the learning process
The unique approach to the MBA Accounting programs at MUM flows from its focus on two leading-edge perspectives:
- Management by Natural Law, as conceived by Maharishi Mahesh Yogi, with its emphasis on the full development of mental, physical and emotional capabilities. Through a course in the Science and Technology of Consciousness (STC),
students appreciate how nature organizes according to the path of least
resistance (flow) and how to unlock their own creativity in a purposeful
and coherent manner to enhance decision-making. Connections to STC
principles are expressed throughout the curriculum.
- Lean Management and Lean Accounting, based on the success principles of the Toyota Production System. Lean Management consists of a systematic set of elements, rules and tools that drive organizational excellence by adding value to customers and eliminating waste throughout the organization. At MUM, students explore how the work of accountants changes when they are part of a lean management organization. Dr. Andrew Bargerstock, Director of the MBA programs at MUM, has been recognized by the Lean Enterprise Institute and the Institute
for Management Accounting as 2009 Lean Accounting Professor of the Year.
These two approaches produce powerful knowledge and insights for career development.
||MBA for Accounting Professionals: Curricular Practical Training
After 7 months of full-time, on-campus studies, students begin their search to fulfill the curricular practical training requirement. University counselors are available at every step to provide guidance and support for this process. Pictured at the left are Accounting Professionals MBA students who are working at The Tower Companies in Rockville, MD. With them is Jeffrey Abramson (center), partner at The Tower Companies.
Listed below are some of the employers who have hired our MBA candidates.
Academy for Educational Development
Access Home Care Inc.
Aeron Lifestyle Technology Inc.
Aga Khan Foundation USA
Armstrong Management Services
Association of Public Health Laboratories
Atma Investment LLC
B. F. Saul Co.
Bert Smith & Company
Blair Towers, LLC
Bokhara Carpet Palace Ltd.
Boots & Coots
Business Integra Inc.
Catholic Charities of LA
CH2M HILL, Inc.
Chesapeake Pharmaceutical & Health Care
City Colleges of Chicago
Community Preservation & Dev. Corp.
Corporate Executive Board
Creative Financial Staffing
DeVolt & Company, PC
Eagle Academy Public Charter School
EDGAR Online, Inc.
General Growth Property
Ghenene & Associates
Government of the District of Columbia-
Habif, Arogeti & Wynne
Host Hotels & Resort
Institute for Psychological Sciences
Jackson Family Enterprises
K.Neal International Trucks
Lanre Banjo CPA t/a Banjo & Associates
Letap Group Inc.
Marriott International Inc.
Meadow Financial Virginia, LLC
Midwest Development & Investment Corp.
Mitchell & Titus
National Oilwell Varco LP
Neiswanger Management Services
New Israel Fund
Nina Jo Associates LLC
Object Net Technologies
Ofori & Associates
Patriot Residential Management Services LLc
Power Costs, Inc (PCI)
Reed & Associates
Rivet Software Inc.
Robert Half Management Resources
Rodman & Renshaw
Russell Yamane & Associates
Save the Children
Sullivan & Company
The Maple Gas Corporation
The World Bank
Thompson, Cobb, Bazilio & Associates
Tower Construction Group, LLC
Transworld Logistics & Shipping
United World Telecom LC
Whitman Walker Clinic
||Frequently Asked Questions
Frequently Asked Questions (for students in the Professionals track)
Does the University select a student’s U.S. practical training position?
Each student is expected to take initiative in obtaining the practical
training position that fits their career path. The University's placement specialists provide
support and advice. The Career Strategies Workshop given during on-campus studies provides students with training for CPT search.
May a student negotiate his own salary?
Yes. The Accounting MBA program’s job specialists will educate you
about expected compensation amounts based on your skills and experience.
How does the University help prepare a student for an internship position? Through
a systematic schedule of Career Strategies Workshops and individual
meetings, the University provides guidance to ensure your maximum
Is a student guaranteed a practical training position?
University is highly motivated to assist you in obtaining a good CPT position. However, like any other university, we do not
guarantee practical training positions. The reasons for this include:
(a) students vary
in the their ability to promote their professional competencies, (b) the
student’s English fluency affects placement efforts, and (c) the U.S. economy and job market are subject to change.
How can a student best prepare for relocation and job search?
- Arrive in the USA with strong written and spoken English
- Accept a goal to pass at least one part of the US-CPA exam (auditing) during the 7 months of on-campus studies
Bring sufficient additional financial resources to support your CPT search.
We recommend at least $3,000–$4,000 for travel and living expenses
during CPT search.
What are the prospects for getting a good CPT position?
are many opportunities for professional accountants. Students who are
diligent and focused on applying for positions are finding good CPT
positions. University counselors are available at every step to provide
guidance and support for this process. It normally takes 2–6 months to
secure a CPT position.
What happens if a student doesn’t get a CPT position during the practicum period?
Students are expected to begin their CPT within a few months of
leaving campus. A student who hasn't begun CPT within the specified time
frame must return to campus for additional course work.
How does Distance Education (DE) work for this program?
During the two years of full-time CPT, students complete the remaining
academic credits through distance education
courses. The courses consist of guided-study courses, including preparation for CMA or
CPA exams. The University faculty provide a schedule of assignments,
monitor and advise students on their progress, provide guidance on
technical questions, administer periodic examinations, lead online discussion
forums and live conference call discussions, and facilitate essay writing assignments.
||Preparation for CMA or CPA Exams
Professional certifications are optional features of the MBA for
Accounting Professionals. Concurrent with the CPT phase of the program, the students take online distance education courses that prepare them to sit for the examinations required as a step toward professional certification either as a Certified Management Accountant (CMA) offered
by the Institute for
Management Accountants, or as a Certified Public Accountant (CPA) offered
by the American Institute of CPAs. It is the student's choice and
expense to register to take the professional exams at one of the many testing centers
throughout the USA.
The CMA exam focuses on knowledge and skills required for business
planning, internal controls, internal reporting and decision-making.
Professionals taking the CMA exam typically expect to work for a
business or governmental organization. Click here for more information about how to become a CMA.
For information about the CPA exam, go to the website for the American Institute of Certified Public Accountants.
Certified Management Accountant (CMA)
The Certified Management Accountant (CMA)
credential, offered by the Institute for Management Accountants (IMA), "demonstrates your command of the critical accounting and financial management skills demanded by today’s dynamic businesses, translating into significant career opportunities for you." CMAs are highly respected and internationally-recognized professionals.
The CMA is appropriate for those who want to become experts in helping
their own organization with business planning, developing internal
controls and improving decision-making and internal reporting. CMAs
develop their careers from within a business organization. CMAs typically begin their careers as cost accountants or business analysts. With more experience, they can become accounting managers, controllers, or chief financial officers.
How will an MBA affect my future earning potential?
compensation survey conducted by the Institute for Management
Accountants found that the average salary of its members is about 10%
higher with a master's degree. The IMA also indicates that the average
person who passes the CMA (Certified Management Accountant) exam earns
approximately 10% more than those who don't have the CMA. (Source:
IMA Annual Career and Salary Guide).
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Certified Public Accountant (CPA)
People taking the CPA exam expect to work for a public accounting firm which provides audits, tax advice and consulting to other companies. The CPA is typically an external consultant to the organizations where CMAs work. After several years experience with a CPA firm, many CPAs take jobs with businesses in management accounting or executive roles.
According to the American Institute of Certified Public Accountants website, "CPAs and potential CPAs have a variety of career paths from which to choose. Within public accounting, you can work for any sized firm, ranging from a large, international CPA firm to a small local accounting practice. Within the firm, you can work in such areas as audit, tax and management consulting. The same holds true in business and industry, where you can choose careers in companies of all sizes, working in diverse areas such as financial accounting and reporting, management accounting, financial analysis and treasury/cash management. Within government, you can create a path to success at either the federal, state or local level. Non-profit organizations and education also offer many diverse opportunities."
||Degree Requirements for Accounting Professionals MBA
To graduate with an MBA degree under this option, students must successfully complete all general requirements for a master’s degree
including Development of Consciousness. Degree requirements for the Accounting Professionals MBA program are a minimum of 53 credit credits, plus participation in the Development of Consciousness program.
The Accounting Professionals MBA Program consists of three academic elements:
(a) Foundational Studies that provide a solid interdisciplinary framework and subjects in key functional areas to build management capabilities,
(b) Advanced Studies that provide opportunities to sharpen knowledge in financial or managerial accounting and related areas, and
(c) Curricular Practical Training (CPT) through co-operative accounting positions with business enterprises or NGOs to enhance applied business skills.
Students need a minimum of 53 credits of academic credit across the three elements that follow:
- Foundational Studies (16-18 credits)
- FOR 500 The Science of Creative Intelligence (2-4 credits) or STC 508 Science and Technology of Consciousness (4 credits),
- MBA Forest Academy (2 credits), and
- 10 or more credits covering at least five of the following seven foundational areas in business administration, i.e., marketing, accounting, finance, operations, sustainable business, business law, and human resource management. See the MBA Course Descriptions.
- In addition, students will take a non-credit bearing course in Career Strategies that will train students about what they need to secure a curricular practical training position.
- Advanced Studies (26-28 credits)
- Students are encouraged to study for the four parts of the CPA exam (16 credits) or the two parts of the CMA exam (8 credits).
- Additional advanced courses include topics such as finance, industry analysis, business process improvement, and lean accounting.
- Practicum (9 credits)
- At least 9 credits of MGT 5910 Practicum Away coincident with curricular practical training (CPT) in a full-time accounting-related position.
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|Consistent High Rankings in the CAPSIM Foundation Simulation!|
The CAPSIM Foundation simulation, an online business simulation with participating teams from the top business colleges and universities throughout North America, is a popular event among the accounting students. Students have the opportunity to exercise their skills in executive decision-making and small group dynamics.
MBA Teams in Top 10
2013: 1st and 2nd place winners plus 2 more in top 10
2012: All 4 MUM teams
2011: 1st place winner
2010: 1 MUM team