Need for Professional Accountants Growing
UTICA, N.Y., Jan. 30, 2013 /PRNewswire-USNewswire/ -- Beginning this fall, Utica College will offer an on-campus Master of Business Administration (MBA) in Professional Accountancy, designed for students who are majoring in accounting or business with a concentration in accounting.
While accounting has long been considered the language of business, the need for professional accountants is growing. In an increasingly complex and competitive business environment, trends such as increased government regulation, changing tax laws and the globalization of business contribute to the demand for professional accountants.
In fact, the U.S. Bureau of Labor Statistics predicts a healthy job outlook for accountants, particularly those with advanced degrees. CNN Money calls for a 22 percent 10-year growth rate in the profession. In New York State, professional accountants earn approximately $85,230, which is above the national average, according to education-portal.com.The UC graduate program will comply with the New York statutory 150-hour educational requirement which will allow students to be eligible to take the Certified Public Accountant (CPA) exam. Atasi Basu, Ph.D., associate professor and chair of accounting, said this program will incorporate accounting courses as well as management courses to best prepare students for a variety of careers in accounting. Bruce Caster, Ph.D., associate professor of accounting, said the new program represents a change from distance learning to on-campus learning as a result of student demand and interest in the program. "Feedback from our students indicated that they would prefer this program to be on campus," Caster said. "This program will also provide incoming freshmen with a coherent five-year path to fulfill the 150-hour requirement." The program will offer internships and field experience for students. Basu and Caster said they are accepting applications at this time and are excited for the launch this fall.