Program Structure
If you join the Accounting Professionals (AP) Program, you will complete 7 months of MBA classes on the campus of Maharishi University of Management in Fairfield, Iowa and then participate in up to two years of fully paid practical training with a U.S. company.
During full-time studies, you will receive campus housing, meals, and cash advances of US $100 per month as part of the financial aid package. During the off-campus practical training, you will receive academic credit to complete your MBA requirements. Your remaining courses are taken through part-time distance education on a flexible schedule during evenings or weekends.
As you complete self-study review courses, you are encouraged to arrange to sit for each of the four parts of the CMA exam or CPA exam. Passing the CMA exam or CPA exams is not an academic requirement of the MBA program. Students who sit for the professional examinations will need to follow the requirements of the institutions administering these examinations. Students who choose to take the CMA or CPA examinations will be responsible for all costs associated with those programs.
Academic Elements
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) Practicum Internship through co-operative accounting positions with business enterprises or NGOs to enhance applied business skills.
Beginning with the August 2008 entry group, students need a minimum of 53 credits of academic credit across the three elements as follows:
Foundational Studies (18 credits)
The Science of Creative Intelligence (4 credits), MBA Forest Academy (2 credits) and at least 10 credits covering at least five of the six foundational subjects in business administration, i.e., marketing, accounting, finance, operations, information systems, and human resource management. In addition, students will take a course in Career Strategies (2 credits) that will train students about what they need to secure a curricular practical training position.
Advanced Studies (26 credits)
Students are encouraged to study for all four parts of the CPA or CMA exams (16 credits). Additional advanced courses might include international finance, industry analysis, and lean management, and lean accounting.
Practicum (9 credits)
At least 9 credits of MGT 598A Practicum coincident with Curricular Practical Training (CPT) in a full-time accounting-related position.
The above information is subject to change any time. The content of this page was reviewed in September 2008.