Seeking Guidance on Career Shift: Pursuing MS in Accounting & CPA (From India to USA)
I earned my degree in Accounting back in 2010 and completed a postgraduate certification in 2012. However, I diverged from the field and spent five years working in operations until 2017. Afterward, I started my own venture, providing tutoring in Accountancy, Business, and Economics to high school students in India, where after-school tutoring is in high demand.
While I find teaching rewarding, the routine of full-time basic-level instruction feels limiting.
- In 2017, starting my own tutoring business was exhilarating.
- After 2020, the focus shifted to rebuilding post-COVID.
- Now, I sense I’ve been caught in a cycle of monotony for the past three years.
The lack of hands-on experience has also started to impact my teaching approach. My real-world examples are outdated, and I truly miss engaging with Accounting on a practical level.
My Vision for the Future:
I aspire to find a balance between lecturing a few hours a day and holding a desk job in accounting. To refresh my knowledge and aim for higher-level teaching (perhaps at the university level), I’m considering:
✅ Pursuing an MS in Accounting in the USA + CPA
✅ Gaining 2-3 years of international work experience
✅ Returning to India with higher qualifications and experience
Why Choose the USA?
- After completing my undergraduate studies in Mumbai, I’ve enjoyed living in major cities for brief periods as it fosters personal growth. Living in New York would be an exciting next step.
- My success as a tutor stems from adopting a unique approach compared to traditional methods. Gaining a global perspective would only enhance my teaching style further.
Why an MS in Accounting?
- Teaching foundational principles means I’ve gone over the basics many times, but I don’t retain all accounting standards. I want to learn from experts to elevate my teaching to a higher level.
Where I Need Your Insights:
- At 36 years old, do I have a chance of being accepted into an MS Accounting program or landing an entry-level job in the US?
- Will I be able to repay the student loans from the MS before returning to India? I wish to avoid carrying debt back home.
- What are some recommended universities/programs for an MS in Accounting in New York?
I would greatly appreciate any advice, especially from those who have taken a similar route or made career transitions later in their lives. Thank you!
One response
It’s great that you’re considering a career change and looking to expand your qualifications! Here’s a breakdown of your questions and some additional insights:
1. Acceptance into MS Accounting Programs
At 36, you definitely have a chance at being accepted into an MS in Accounting program. Many graduate programs value diverse experiences, and your background in teaching, operations, and entrepreneurship can add unique perspectives to your application. Additionally, age and work experience can sometimes play in your favor, as admissions committees may appreciate your maturity, dedication, and clear career goals. Focus on articulating why you want to transition back into Accounting and how your past experiences will benefit your graduate studies.
2. Paying Off Debt
Paying off student debt after obtaining your MS in Accounting can depend on a few factors, including your choice of school, the program’s cost, and your job prospects post-graduation. The good news is that accounting graduates from reputable universities often find strong job prospects, particularly if you pursue a CPA certification alongside your degree. Research starting salaries for accounting graduates in the US and consider part-time or flexible work opportunities while studying to help mitigate debt. Networking with alumni or current students may provide insights into job placements and salaries.
3. Universities/Programs in New York
New York has several esteemed programs for an MS in Accounting. Here are a few to consider:
– New York University (NYU) – Stern School of Business: Known for its robust accounting program and strong ties to the finance industry.
– Baruch College (CUNY) – Zicklin School of Business: Offers a quality MS in Accounting at a more affordable price compared to private institutions.
– Columbia University: While it’s more competitive and costly, the connections and reputation can lead to excellent opportunities.
– Fordham University: Offers a strong program with a focus on ethics and practical experience.
Additionally, research programs that offer scholarships or financial aid for international students, which could help ease your financial burden.
Additional Considerations
Overall, with your diverse background and clear passion for education and accounting, you have a solid foundation to build upon. Best of luck on this exciting new journey—your desire for growth and change is commendable!