Masters in Accounting

Bookkeeping is regularly alluded to as the all inclusive dialect of business: alongside fund, this field is remarkably situated to touch numerous parts of business. Organizations and associations are progressively depending on qualified bookkeepers to drive their net revenues and offer them some assistance with understanding the nuanced elements of money related achievement, while governments and approach creators are looking to bookkeepers to battle issues like environmental change through arrangements, for example, ‘top and exchange’ and carbon charges.

Whether you need to sharpen your familiarity with the dialect of bookkeeping or you’re hoping to attempt a vocation change, a Masters in Accounting could be for you.

What to expect from a Masters in Accounting

You will normally listen ‘Bosses in Accounting’ alluded to in one of three courses: Master of Accounting (MAcc or MAc), Master of Professional Accounting (MPAcy, MPA, MPAc or MPAcc) or Master of Science in Accounting (MSA). You might likewise have the capacity to finish a Master of Business Administration (MBA) with an attention on bookkeeping. A few nations and organizations might utilize the expression “Bookkeeping” rather than ‘Bookkeeping’.

Experts in Accounting programs normally last maybe a couple years. In either case, understudies are required to finish 30 to 36 credit or semester hours so as to fit the bill for their degree. This, combined with the 120 hours learned at the undergrad level means understudies will have the capacity to take proficient level bookkeeping examinations, for example, the Uniform Certified Public Accountant Examination in the US, the Chartered Institute of Management Accountants capability in the UK, or the Certified Practicing Accountants program in Australia.

As a Masters in Accounting understudy, you can hope to be taught through a blend of addresses, workshop classes, contextual analyses and venture work, including a lot of autonomous exploration, finishing in a paper. A few understudies might likewise be offered the chance to attempt a task for an outer association.

Entry requirements for a Masters in Accounting

Foundations construct their entrance necessities in light of the four year college education subject held by the hopeful, levels and expert experience, with extra prerequisites, (for example, dialect capability tests) for worldwide competitors.

By and large, understudies are relied upon to have a 2:1 four year college education in bookkeeping or a related quantitative subject, for example, trade, processing, business examines, financial matters, building and back. While a few organizations may not demand a bookkeeping or fund related college degree, the hopeful must have the capacity to demonstrate s/he is suitably numerate. A few establishments just acknowledge professionally qualified bookkeepers onto the Masters in Accounting program, and will indicate the accreditations they acknowledge.

Contingent upon your past instruction, you might need to take additional courses to reinforce your experience learning of bookkeeping, arithmetic or fund before you begin your graduate degree. This could be through a mid year school program, or a separation learning or internet learning plan. This applies to understudies whose four year college educations did exclude a generous measure of bookkeeping based courses, understudies who wish to switch trains totally, and understudies who have been out of the scholarly world for a really long time.

Applicants might be required to take the Graduate Management Admissions Test (GMAT) or the Graduate Record Examinations test (GRE) and global competitors might need to demonstrate their capability in the dialect of educating.

Case Study

Nicholas Tenhue – Postgraduate Student Case Study

Nicholas Tenhue, 25, is a British student taking a two-year MSc in information and communications technology innovation at UCL. He took the first year of his course at the Royal Institute of Technology in Stockholm.

Why did you choose to follow this postgrad course?

I chose the course because it is a mixture of entrepreneurship and technical subjects. I did computer games technology for my first degree and decided that I would like to specialize in human-computer interaction. I am interested in how human beings interact with a computer system and how you can design better systems for them. I found out about the course on the internet.

I have set up my own start-up company running a “wellness” app that allows you to run against other people around the world in real time. You can interact via smartphone and hear whether you are meeting your targets. The goal is to have marathons where people are running against one another in different parts of the world. We are aiming to achieve social change by getting people to run more.

Why did you choose to study at UCL?

UCL is a great place in which to study because of its entrepreneurship societies and because the UCL Interaction Centre (UCLIC) is really renowned for industry partners and contacts. I chose UCL because it is one of the best recognized institutions in London and is particularly good for human-computer interaction.

What experience are you gaining during your postgrad study?

The MSc has been really eye-opening, particularly having the programme running across Europe and organized by the EU’s European Institute of Innovation and Technology (EIT). There are 19 partner universities and I have a huge network across Europe.

The MSc has been incredibly useful and I am writing my thesis on bio-banking where you have details of blood taken from a large number of volunteers. I am looking at ways of representing visually and simply the complex data this reveals.

I have been fortunate in that I have been sponsored by EIT, which has meant my tuition fees were covered and I got a scholarship.

International Postgraduates

International Postgraduates in the UK

Visa and employment conditions for overseas students

You need to get your visa sorted as early as possible.

If you are not a national of the European Economic Area (EEA), you will need a visa to study in the UK. This will be a Visa with Sponsorship from the institution you are intending to study at. Your visa should allow for multiple entries into the country.

You will need to show that you can study in the UK without needing access to public funds.

If you will be studying in inner London you will need to show that you have £1,000 a month for the first nine months of your studies.
Outside London you have to demonstrate you have £800.

Funding options

Students on Tier 4 Visas have the right to work for up to 20 hours a week, part-time.

Students taking a Masters course will have a visa that lasts for six to seven years. When they have completed their studies, they may apply to stay in the UK under a different visa tier.
In general, students from the EEA may work in the UK.

International students should investigate funding opportunities in their own country first. At the same time they should contact the British Council office.

The most high profile schemes for international postgraduates include the British Chevening Scholarships funded by the UK government’s Foreign and Commonwealth Office.
These are competitive – only one in 25 applicants is successful – and you need to apply early i.e. by April or May for awards starting the following year.
They are aimed at overseas students whose study will enable them to take part in development work in their home country.
The Shell Centenary Chevening Scholarships are offered at certain universities and you need to apply well in advance of your start date.
Check out the Commonwealth Scholarships and Fellowships Plan for students from certain commonwealth countries and the DFID Shared Scholarship Scheme.

As an overseas student, you are unlikely to be offered funding in the form of a teaching or research assistantships from your university, especially for a taught postgraduate course.

But at PhD level, you might be able to apply for an externally funded scholarship.
If all else fails, you could try to raise a loan from your bank or ask your employer for help.

Postgraduate Funding

What Will It Cost?

Tuition fees for postgraduate courses vary enormously but the overall cost of study will depend on many factors, such as the institution you choose, the course, location and funding opportunities and could be a lot less than you have been led to believe.

The cost of a postgraduate degree is often less than that of an undergraduate degree but loans from the Student Loans Company are not normally available. This may change in 2015 with the introduction of a proposed new postgraduate loans scheme backed by the UK government.
10,000 Postgraduate Scholarships worth £10,000 each are also available in 2015 for UK/EU graduates who paid the full £9K tuition fee at English Universities. This is a one off opportunity for new graduates in 2015. Contact English Universities for further information.
The postgraduate fee will cover your use of the library, IT equipment and other university study facilities, a well as tuition and supervision.
According to the latest annual Reddin survey of fees, fees range from a high of £41,000 for a one-year MBA at the University of Oxford’s Said Business School for both home and overseas students to £3,400 for a taught Masters at the University of Aberdeen in Scotland if you are a home or EU student.
But for overseas students Aberdeen’s fees rises to £12,000 for a taught classroom-based Masters, and £15,000 for a laboratory-based Masters.

MBAs cost more than most other postgraduate degrees and are particularly expensive at a highly-ranked university such as Oxford.

Correspondingly, taught Masters degrees cost a good deal less, particularly at less high-profile universities.
In most cases a classroom-based and a laboratory-based course will cost the same for home/EU students; classroom-based courses are usually cheaper than laboratory-based courses for international students.

The average fee for international students starting their courses in 2015 is a little under £11,600, which is nearly double the cost faced by UK and EU students.

Another institution which, like Oxford, has fees near the top of the price range, including its famous £27,552 MSc in finance, is the London School of Economics.
The LSE’s average fee for a taught one-year Masters is £18,190, but at least it puts international students on an equal footing with home and EU students and charges them the same fee.

Research degrees are cheaper than taught courses.

Fees for PhDs are somewhere between £3,000 and £6,000 a year.
If you take a doctorate or a Master’s part-time you will also pay less.
If you are doing half the syllabus that the full-timers are taking a year, you will usually pay half the fee.
Science PhDs cost more than humanities doctorates – and you pay more if you are an international student.

Postgraduate Education

What is Postgraduate Study?

A postgraduate degree is a qualification that you study for when you have finished your first degree such as a BA.

Some postgraduate degrees require you to have completed a particular bachelor’s degree; others don’t.

At present more than 500,000 students are enrolled on postgraduate programmes in the UK.

The number of students undertaking postgraduate degrees has risen in recent decades as more and more people seek to improve their skills and knowledge in their chosen career and to gain an edge in the employment market.
Increasingly, graduates in their twenties and thirties are choosing to take Masters degrees – and even PhDs – so that they may gain entry to the career of their choice.

Education

Thursday, 29 December 2016

Postgraduate Programme