The University of Tennessee is also featured in our ranking 30 Top Affordable Master’s in Accounting/Master’s of Accountancy Degree Programs.
Master of Accountancy
The University of Tennessee offers a Master of Accountancy that allows students to graduate in only 10 months. Other programs of this type typically take a full year up to two years to complete. Available through its Haslam College of Business, the program features professors who have years of experience in the accounting profession. Those professors can help students better prepare for different careers in this field. It also allows students to meet the requirements necessary for becoming a Certified Public Accountant (CPA). Like other states, Tennessee requires that accountants sit for the CPA exam after earning a bachelor’s degree and taking a set number of classes at the graduate level.
UT only allows students to start this program in the fall. The university asks that students take prerequisites in finance, information management and accounting. Those who did not take those courses as an undergrad can take them during the summer session before beginning the accountancy program. UT expects students to take 12 credits of classes in the fall and spring semesters and to take six credits of classes in the final summer semester.
Students can also pick a concentration in taxation or audit and controls. The taxation program is best for those who want to work with clients and help them file their taxes. Students will learn about filing taxes for individuals and corporations as well as for nonprofit organizations. They can also gain experience working for a tax center that offers assistance to families and individuals with a low income.
This accountancy program features nine credits of core business classes and 21 credits of concentration classes. Students must maintain a grade point average of 3.0 or higher to graduate with a Master of Accountancy degree. The University of Tennessee places students who fall below this GPA level on academic probation.
About University of Tennessee
The University of Tennessee is a large public university in Tennessee that goes by several different names. Though most call it UT, others call the university UTK, UT Knoxville and just Knoxville because of the city where the campus sits. Founded in 1794, it ranks as one of the oldest public schools in the southern United States. Established as Blount College, it served as both East Tennessee College and East Tennessee University before becoming UT.
UT now ranks as one of the top schools in the nation. U.S. News & World Report ranked UT as the 103rd best college in the United States. Washington Monthly and Forbes included the university on their own lists of the best American colleges. UT also appears on several lists of the best colleges in the world. USNWR also ranked some of its graduate programs among the best in the country.
The Knoxville campus is the largest campus in the UT system. UT also operates a number of other campuses across the state that allow students to earn their degrees without moving to Knoxville. It now offers a number of online degree programs also. The flagship campus is one of the main employers in the city because the university hires both professors and faculty members as well as administrative workers and others. The University of Tennessee sees more than 28,000 students take classes on its Knoxville campus every year.
University of Tennessee Accreditation Details
The Southern Association of Colleges and Schools (SACS) granted regional accreditation to UT. This means that incoming students can apply for financial aid and use the FAFSA. It also gives students the option of bringing credits with them that they earned from another school that has regional accreditation. The Association to Advance Collegiate Schools of Business (AACSB) also accredited the university’s programs in business and accounting.
University of Tennessee Application Requirements
UT accepts students into its Master of Accountancy program based on several key factors. The university looks for students who have a strong academic record and a high GMAT score. It also looks at the work experience that they have and the recommendations that they submit. Accounting majors should take prerequisite courses ahead of time, including Financial Reporting and Analysis, Federal Income Taxation, Financial Management and Business Process Analysis. The university does not require a GMAT or a GRE score from students who graduated from an accounting undergrad program.
Students who need financial assistance should complete and submit their applications by February 1. UT will continue accepting applications until March 1 as long as the program still has space remaining. The application is available online, and students will pay a small fee with a credit or debit card when they submit the application. They will also submit official test scores from one of the testing boards and provide the university with their letters of recommendation. UT also asks for a resume, which it uses to determine the amount of accounting experience each student has. Students should include any volunteer work and/or internships they did in addition to their professional experiences.
Tuition and Financial Aid
Graduate students attending UT face rates of $626 per credit hour and fees of more than $40. When they apply to the university, they can submit documents that prove they qualify for the in-state tuition rate. This is only available to students who lived in Tennessee for at least one year. Tennessee residents will pay $6,542 per semester to take nine credits of classes, which qualifies them as full-time students. Nonresidents pay $15,751 per semester to take the same number of courses. Both of these figures include all the fees that UT charges.
The most common types of aid granted to graduate students are loans and grants. UT requires that students file the FAFSA and that they use their tax records or the tax records of their parents. They must also use the school code for UT when filing that form. Unsubsidized student loans from the federal government allow students to borrow a little more than $20,000 a year. Students will need to go through loan counseling before the university will disperse their funds. They may also qualify for one or more grants from the federal government or the state government as well as a graduate PLUS loan. The University of Tennessee encourages students to look at all of their financial aid options before opting for a private student loan with a higher interest rate.
