The University of Virginia is also featured in our ranking 30 Top Affordable Master’s in Accounting/Master’s of Accountancy Degree Programs.
M.S. in Accounting
Students can earn a Master of Science in Accounting from the University of Virginia in just nine months. The university uses a cohort system and picks a small number of students to enter the program each year. Those students will take the same courses each session and work together to complete projects and assignments. TFE Times named this the 11th best accounting program, while Public Accounting Report ranked it the 2nd best masters program among those with a small number of faculty members. It also ranks at number nine on the NASBA Report list, which ranks schools according to the percentage of students who pass the CPA exam on their first attempt.
Available from the university’s McIntyre School of Commerce, this program accepts students who recently finished a college degree and do not have any professional accounting experience. Students can learn more about the program during one of the information sessions held regularly or from the accounting blog that the university maintains. This blog allows current students to talk about their experiences and includes interviews with alumni too. Students will take 36 credits of classes in three emphasis areas: professional knowledge, accounting, and technical knowledge.
The university has a 98% job placement rate among graduates, and students find employment within an average of three months. Students can find work with a firm that partners with the university or with a firm that turns to the university for help finding competent professionals. They will take classes such as Global Commerce Immersion, Leadership in Accounting, Financial Reporting and Assurance and Forensics.
Students attending the University of Virginia will find that it has a convenient location in Charlottesville that is close to restaurants and coffee shops where they can take breaks with their peers. The university encourages students to study on its quad and in other areas near the campus also. Its main campus in only two hours away from downtown Washington DC.
About the University of Virginia
The University of Virginia ranks as one of the oldest institutions of higher learning in the entire country. Established in 1819, the university was the brainchild of President Thomas Jefferson. Jefferson helped secure the land and the funds needed for the new school and even oversaw the construction on its campus. The finished campus was so beautiful and effective that many colleges across the nation used its design in the construction of their own campuses. Many of the buildings that still exist today date back to the early days of the university, though some of those buildings no longer host students or classes.
Often called UVA, the university now offers more than 40 bachelor’s degree programs, more than 90 graduate programs and more than 50 doctoral programs. There are also two professional programs designed for students who want to study medicine or law. Washington Monthly and Forbes rank UVA within the top 50 of all American colleges. While U.S. News & World Report ranks the university on a national and global level, it also ranks its School of Business and engineering school among the best out of all schools of those types at public schools. More than 24,000 students now attend UVA, and the university has a selective admissions policy that keeps its enrollment from growing too high.
University of Virginia Accreditation Details
Graduate students can enroll in the UVA accounting program and graduate in less time because they can transfer credits into this program. The university has the regional accreditation that makes this possible, which comes from the Southern Association of Colleges and Schools Commission on Colleges (SACSCC). SACSCC meets one of the requirements that the United States Department of Education has for students who want to apply for financial aid. The American Assembly of Collegiate Schools of Business (AACSB) also accredited the university’s business programs, which include its accounting programs.
University of Virginia Application Requirements
Students must meet three requirements when applying to the UVA accounting program. They must have a degree from a school with regional accreditation and have a strong understanding of the English language. The university also requires that incoming students take six courses before they enroll. Those courses include Financial Accounting, Managerial Accounting, U.S. Federal Taxation, Auditing and Intermediate Accounting I and II. Students who have not yet taken those courses by August 1 will need to take them through UVA.
UVA only accepts one new group of students into this program each year. It expects students to start at the end of August and complete their studies by the following May. The priority deadline for new students is September 15. If the accounting program has any spots remaining, the university will extend the deadline to October 15. It will complete a total of nine application rounds as long as there are spots remaining. Students will receive a decision within one month of completing an application. UVA asks for a completed online application and an official GMAT score. Students will also submit their official transcripts and two letters of recommendation. They can use their UVA application accounts to track the status of their applications and to view the university’s final decision.
Tuition and Financial Aid
UVA allows students to go online and see how much their tuition will cost before they enroll. They can use the online calculator to determine their total cost based on factors such as the number of classes they want to take and whether they need health insurance. The university offers its own health insurance plans that provide students with coverage for the coming year. UVA estimates that Virginia residents will pay around $30,900 to complete its Master of Science in Accounting program. The cost for nonresidents is around $37,700 to complete this entire program. Students will pay more for their textbooks and the other resources they need.
Many of the grad students attending UVA take out both PLUS and unsubsidized loans, which come from the federal government. They’ll pay more than $1,000 a year to take out those loans and use the money they receive. PLUS loans typically have higher interest rates but help students cover more of their costs. The university accepts both tuition reimbursement plans from students who get funding from their employers and the alternative loans that some students get. Students attending the University of Virginia can use scholarships and grants too.
