Accountancy

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Contact MAS


PricewaterhouseCoopers
   Accountancy Student Center
Department of Accountancy
University of Illinois
515 East Gregory Drive #1045
Champaign, Illinois 61820
Phone: 217-333-5030
Fax: 217-265-0288
Email: accy-mas@illinois.edu



MAS for Accountancy Majors from Other Universities


The MAS program accepts applications for admission only once a year.  The deadline is February 1.  Successful applicants from a non-ILLINOIS accounting program can only start in the Summer II term (Summer II  classes start in June).  Applications can be processed on-line at http://grad.illinois.edu/admissions/apply

Background Requirements

Students applying for admission should have acquired a background in business and accounting equivalent to a B.S. in Accountancy from ILLINOIS.  The background courses in business and accounting that must be completed before admission to the MAS program include those listed on the program worksheet. NOTE: For any course that you have questions about its equivalency to ILLINOIS courses or coverage of required topics, please include a course catalog description or syllabus for the course with your application.

Admission requirements

Admission is competitive.  Applicants should have a minimum:

  • 50th percentile on the verbal and quantitative portions of the GMAT
  • 4.0 on the analytical writing portion of the GMAT
  • B (3.0) average for the last two years of course work (last 3 semesters if applying during senior undergraduate year).

Original transcripts for all undergraduate and graduate schools attended must accompany the application form along with three letters of recommendation.

Applicants whose native language is not English are required to take the TOEFL Internet-Based Test (iBT) or the IELTS exam. The Department requires a total TOEFL score ≥ 103 or an IELTS score of ≥ 6.5 to be exempt from the English Placement Test requirement. In addition, the Department requires a TOEFL speaking score ≥ 24 for purposes of admission and ≥ 26 for purposes of graduate assistantship and financial aid awards. The IELTS exam requirement for program admission & financial aid consideration is a speaking score of ≥ 8. There are no exemptions from the TOEFL iBT or IELTS exam.

Call 1-800-GMAT-NOW to register for the GMAT or register on the web at http://www.gmac.com/ for additional information.

Application Checklist

Below is a list of the materials the Department must receive for a complete file.

Admission Application
Application Fee
Accountancy Scholarship Application (if you wish to be considered for financial aid)
All transcripts
Personal Statement
Resume
3 letters of recommendation
Official GMAT Score
Official TOEFL iBT (institution code 1836) or IELTS Score (only required for applicants whose native language is not English)
Declaration and Certification of Finance form (international students only)
Concentration of minor application

Students interested in applying for a concentration or minor will need to complete the appropriate application.

Tuition and Fees

Annual 2011-12 tuition for the MAS program (total for the summer, fall and spring semesters) ranges from $23,584 to $27,250 for residents and from $30,500 to $35,250 for non-residents dependent on individual course schedules. In addition, university fees are listed at www.registrar.illinois.edu/financial/grad_fees.html

Program tuition and fees are set annually by the University Board of Trustees and are subject to change without notice.  Rate changes are usually effective at the start of the summer term of each academic year.

Degree Requirements

The course requirements for the MAS program for applicants from an accounting program other than ILLINOIS are:

Grad Hours

Courses

4
4
4
4
8
8

ACCY 560 - Information in Value Creation
ACCY 511 - Risk Measurement/Reporting I
ACCY 512 - Risk Measurement/Reporting II
Accountancy elective
Non-accountancy electives
Electives (either accountancy or non-accountancy)

32 Total for MAS


The electives, both accountancy and non-accountancy, shall form a coherent program of study, approved by a program advisor.  At least 20 of the 32 total graduate hours must be in 500-level courses and at least 24 of the 32 total hours must be earned while enrolled in the ILLINOIS Graduate College.

Students must maintain a minimum grade point average of 3.0 (A = 4.0) to continue in, and graduate from, the MAS program. All courses applied toward the 32 graduate hours required for graduation must be taken for grade and not on a credit-no credit basis

Individual undergraduate accounting programs may differ from the ILLINOIS undergraduate accountancy curriculum such that ACCY 560: Role of Information in Value Creation alone may not be sufficient for each applicant.  Other undergraduate Accountancy curriculum courses may also be recommended as background coursework.  These courses are not available for graduate credit and, thus, may not be counted as graduate electives.

UIUC College of Business Department of Accountancy