MBA in Professional Accounting Frequently Asked Questions

Admission

What are the admission requirements for the PA program?

Students must have a bachelor's degree, good GPA and GMAT scores, and strong references. The majority of the class members have GMAT scores of 550-650 and have an undergraduate GPA of 3.2 or better. High motivation is required because of the intensive nature of the studies. Students are admitted on a full-time basis on the Rutgers Newark campus only.

What if I don't know that much about accounting? 

This program was specifically designed for liberal arts and other non-accounting majors. The courses that you take during the first summer session will prepare you for the more difficult accounting-intensive material in the following semesters. Also, the faculty is always willing to provide extra assistance if you need help with the material.

 

Career/Placement

Am I eligible to take the CPA exam when I graduate from the Program? 

Yes. After 14 months of intensive full-time study, students receive an MBA from one of the nation's leading public business schools AND are qualified to take the Uniform Certified Public Accountants exam. 

Will there be opportunities for me in accounting? 

There are a tremendous number of reasons to go into accounting. A few are listed below: 

  1. In an increasingly global world of business, accounting is an international language. 
  2. Accountants design, manage, control and audit information systems that support most business decisions.
  3. Modern accounting is closely integrated with computers and information networks.
  4. Since the computerization of bookkeeping, that function is no longer part of an accountant's career.
  5. Today's accounting graduates have new career opportunities in fields such as quality management, design of incentives, fraud investigation, on-line auditing and expert systems.
  6. Many accountants become Chief Financial Officers and Chief Executive Officers of major enterprises.
  7. The accounting field has been growing and changing rapidly in recent years.
  8. Public accounting enhances the economic accountability of business enterprises. 
  9. The robust growth in demand for accountants and accounting knowledge is expected to continue.

Are internships available through the program? 

From the moment you enter the program, Rutgers Business School becomes your lifelong professional resource. Helping you to identify and achieve your career goals is an integral part of our responsibility as teachers and administrators. Through an on-campus internship recruiting effort, which attracts interviewers from international CPA firms, a high percentage of our Professional Accounting students can expect to obtain a permanent position. For those graduates who do not choose a career in public accounting, other executive opportunities exist in such companies as MetLife and Merck. 

Graduates receive assistance in resume writing, interviewing skills, and job development. In addition, the program also sponsors workshops and informal discussions with representatives of the profession to assist students in making their career decisions. 

Internships play a valuable role in the Professional Accounting student's career preparation. During the eleven-week intersession between the fall and spring trimesters, internship opportunities are available for selected students, which provide full-time professional work assignments with CPA firms or corporations. The Internship Coordinator helps students to locate internships, but it is primarily the responsibility of each student to secure a position. The salary earned during the internship is often enough to cover tuition for one term. The internship recruitment by firms is very much like interviewing for full-time employment and provides an excellent opportunity for students to experience the interviewing process. A high percentage of students in the program receive internship offers. Although the internship is an important learning experience, it is not required for completion of the program.

 

Housing and Transportation

Is on-campus housing available?  

Housing is available on the Newark campus in a residence hall for graduate and professional students. Please click here for more information. 

Is the campus easily accessible by public transportation? 

Transportation to the Newark campus is excellent. The campus is about a fifteen-minute walk or a five-minute subway ride from Newark's Penn Station, a busy commuter terminal offering bus service to points throughout New Jersey, airlink service to Newark International Airport, and rail service to destinations within the Amtrak system. Newark's Broad Street station, also a short walk from the campus, offers frequent service via New Jersey Transit to New York City, Hoboken, and areas west of the city. A free shuttle bus runs from the campus to major mass transportation locations in Newark from 4:30 P.M. until midnight, Monday through Friday. 

Students electing to use personal transportation will find the campus equally accessible via Interstates 280 and 78, the Garden State Parkway, and the New Jersey Turnpike.

 

Cost of Attending

What is the tuition rate?  

Tuition is annually adjusted. Please click here for the current rates. Students should note that Rutgers University increases tuition during the summer, effective for the fall semester that follows. Students enrolled in the MBA-PA program will enjoy the existing tuition rates for the first "summer" semester, but they will be responsible for tuition increases for the fall, spring and final summer trimesters. International students should bring sufficient funds to cover these increases for the fall and the following two semesters. Resident students would have to provide the additional funds from their own resources or federal loan guarantee programs.

Is financial aid available?  

Graduate aid is available from varying sources - federal, state, university and Rutgers Business School. Some awards are need-based, while others are awarded on the basis of merit. Unless otherwise noted in the description, applicants for financial aid must be citizens or permanent residents of the United States. In order to apply for financial aid, a Free Application for Federal Student Aid (FAFSA) as well as a Rutgers University Institutional Financial Aid Application must be completed. To obtain more information about these forms or other general financial aid information, please click here.