Should I do a double major or get my master’s to earn 150 credits for the CPA?

I’m considering switching my major from MIS to Accounting, but I’m feeling overwhelmed by my options. While getting a CPA isn’t mandatory, it’s highly recommended in the field. I’m debating whether to pursue a double major or a master’s program to meet the 150-credit requirement for the CPA. Which path is more cost-effective, easier, and smarter? My school offers a 4+1 program that lets me earn both a BBA in Accounting and a Master of Science in Accounting, saving me time and money. On the other hand, I’ve heard of others opting for double majors to reach the credit goal. If I choose to double major, would it be better to pair accounting with finance or with MIS?

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  1. It sounds like you have a lot of great options ahead of you! When deciding between a double major and a master’s program, here are some factors to consider for each route:

    Double Major vs. Master’s

    Double Major:
    Pros:
    – You might save on tuition since you’re not pursuing an additional degree.
    – You gain a broader knowledge base, which can make you more versatile in the job market.
    – If you choose a combination like Accounting and finance, it may align well with future job opportunities in finance and investment.

    • Cons:
    • It can be quite challenging and increase your workload significantly.
    • It may take longer to complete than the 4+1 option, depending on your school’s course offerings and your ability to handle the requirements.
    • Double majoring may not provide as much depth in Accounting as a master’s would.

    Master’s (4+1 Option):
    Pros:
    – A master’s degree typically provides a deeper understanding of Accounting and may improve job prospects and earning potential.
    – The 4+1 program is designed to be efficient, saving you both time and money.
    – Earning a master’s can help you prepare for the CPA exam, which many employers value.

    • Cons:
    • It may have higher upfront costs, although the savings of the 4+1 option can mitigate this.
    • You would need to be prepared for graduate-level coursework, which can be more demanding.

    Cost Considerations

    • You’ll need to compare tuition rates for the double major versus the cost of the master’s program. Look into financial aid options, scholarships, and any scholarships specifically for the 4+1 program.
    • Consider potential earnings differences after graduation between the two paths. A master’s may increase your earning potential compared to just an undergraduate double major.

    Ease and Smart Choice

    • Evaluate your strengths and interests. If you enjoy both accounting and MIS, a double major could keep your options open. However, if you’re focused on accounting and want to delve deeper, the master’s might be the better choice.
    • Talk to academic advisors and professionals in the field. They can provide insights based on your institution’s offerings and the job market.

    Final Thoughts

    Ultimately, the better option depends on your career goals, financial situation, and personal preferences. If you’re leaning toward a career specifically in accounting, and especially if you want to sit for the CPA, the 4+1 option is likely your best bet. However, if you value a broader skill set and are willing to dedicate the extra effort, a double major could be very beneficial as well. Good luck with your decision!

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