Top Accounting University in the USA

Top Accounting University in the USA

Top Accounting University in the USA
Sailesh Sitaula

Students can embark on a rewarding career in business and finance with an accounting degree. Accountants generate tax records, ensure regulatory compliance, create financial reports, and review revenue and expenditures. They work for corporations, non-profit organizations, governmental bodies, and small businesses. Depending on the specific function, an accounting professional can either be secure and predictable or thrilling and dynamic.

Accounting can be pursued as a major at the undergraduate, postgraduate taught, and research degree levels. Students can get into the profession quickly through certificate programs, while bachelor's and master's degrees open the door to middle- and upper-level positions.

A bachelor's or master's degree can cost up to $108,000 annually. Through several academic institutions, accounting students can specialize in various fields, including forensic accounting, cost accounting, financial accounting, federal taxation, management accounting, real estate, and international finance.

Global ranking of some of the top universities in the USA for Accounting courses

Check the following table for a list of the best universities in the USA to study accounting if you wish to attend one of the top-ranked institutions in the country.

World Ranking

University

Location

2

Massachusetts Institute of Technology (MIT)

Cambridge, United States

5

University of Chicago

Chicago, United States

8

University of Pennsylvania

Philadelphia, United States

9

University of California, Berkeley (UCB)

Berkeley, United States

10

New York University (NYU)

New York City, United States

11

Columbia University

New York City, United States

26

University of Michigan-Ann Arbor

Ann Arbor, United States

27

Cornell University

Ithaca, United States

29

Northwestern University

Evanston, United States

32

University of Texas at Austin

Austin, United States

=38

Duke University

Durham, United States

51

University of Southern California

Los Angeles, United States

=57

University of Illinois at Urbana-Champaign

Champaign, United States

Programs for Bachelor of Accounting with tuition fees in the USA

A bachelor's degree in accounting normally takes four years to complete and requires 120 credits, covering business and accounting fundamentals before moving on to more advanced topics. Students frequently have the option to select elective courses or concentrations outside of the main curriculum that will help steer their future professions, allowing them to learn more about subjects including financial accounting, management accounting, and forensic accounting. The program is available as a Bachelor of Arts or Bachelor of Science degree.

Universities/Colleges

Courses

Tuition fees per annum

University of Pennsylvania

BS in Accounting

$56,212

University of Texas at Austin

Bachelor of Business Administration with a major in Accounting

$46,498

University of Southern California

BS in Accounting

$63,468

University of Illinois--Urbana-Champaign

Bachelor of Science Major in Accountancy

$38,760

Academic Requirements

  • An undergraduate degree requires a minimum GPA of 3.0 or equivalent at the intermediate level/ +2.
  • SAT or ACT scores if required by the university.

English Test Scores

  • IELTS: A minimum overall score of 6.5.
  • TOEFL: A minimum overall score of 80.
  • PTE: A minimum overall score of 53.

Programs for Masters of Accounting with tuition fees in the USA

A master's degree in accounting normally includes 30–45 credits and is completed in 1-2 years. These courses emphasize complex accounting concepts like business analytics, real estate sales and purchases, and in-depth taxation. Many specializations are available for master's degrees in corporate accounting, financial management, or personal finance. Typically, master's degrees serve as a stepping stone to the CPA designation or other higher credentials.

Universities/Colleges

Courses

Tuition fees per annum

University of Pennsylvania

MBA-Accounting Major

$84,874

New York University (NYU)

Master of Science in Accounting

$59,202

Columbia University

Master of Science in Accounting and Fundamental Analysis

$64,726

$32,363*2

University of Michigan-Ann Arbor

Master of Accounting

$55,906

Cornell University

Master of Professional Studies in Management (Accounting Specialization)

$62,456

Northwestern University

MBA with Accounting Major

$108,016

University of Texas at Austin

Master in Professional Accounting

$31,284

University of Southern California

Master of Accounting (emphasis in data and analytics )

$63,468

Master of the Accounting

University of Illinois at Urbana-Champaign

Master of Accounting Science (MAS)

$40,080

Master of Science in Accountancy (MSA)

$49,925

Academic Requirements

  • A 4-year undergraduate degree in accounting, Business, Finance, or Economics from an accredited institution.
  • A minimum GPA of 3.0 on a 4.0 scale.
  • A GMAT or a GRE score if asked. 

English Test Scores

  • IELTS: Overall minimum score of 6.5 to 7.0.
  • TOEFL iBT: A minimum overall score of 94 to 110.
  • PTE: An overall score of 70. 

Programs for Doctorate in Accounting with tuition fees in the USA

Doctoral degrees typically take five years to complete and can range in credit requirements from 60 to 120. While some programs provide concentrations, most favor in-depth independent study over more conventional specializations.

Doctorates generally offer courses in research methodology and advanced business, economics, and statistics. Because of the extensive training required for this degree, graduates are qualified for most accounting roles, including top executives, financial managers, and other management positions.

Universities/Colleges

Courses

Duration

Massachusetts Institute of Technology (MIT)

Ph.D. in

Accounting

$25,920

$1,440*18

University of Chicago

Ph.D. in

Accounting

$70,056

University of Pennsylvania

Ph.D. in

Accounting

$39,838

University of California, Berkeley (UCB)

Ph.D. in Accounting

$26,802

($5,850+$7,551)*2

New York University (NYU)

Ph.D. in Accounting

$52,480

University of Michigan-Ann Arbor

Ph.D. in Accounting

Full tuition waiver

Northwestern University

Ph.D. in Accounting Information & Management

$56,067

$18,689/quarter

University of Texas at Austin

Ph.D. in Finance Accounting 

$39,614

Duke University

Ph.D. in Accounting

$64,380

University of Illinois at Urbana-Champaign

Ph.D. in accountancy

$47,585

Academic Requirements

  • A bachelor’s degree with a GPA over 3.0.
  • A master's degree with a major in accounting and a minimum score of 65% overall.
  • As part of the application, some universities also ask for a viable research proposal of up to 5000 words which has the potential to make a significant contribution to prior literature. 
  • GRE/GMAT score may be required.

English Test Scores

  • IELTS: A minimum score of 7.0 with a minimum of 7.0 in writing.
  • TOEFL iBT: A minimum overall score of 110 with 24 in writing.
  • PTE: An overall score of 70. 

Top Accounting University in the USA: Scholarships

Scholarships are forms of aid that help students pay for their education. Scholarships can be merit-based or need-based. Some of the scholarships awarded to international students in the USA are listed below;

University

Scholarships

Amount

University of Pennsylvania

Dean's Scholarship

$10,000

Dean's Fellowship and Research Apprenticeship

N/A

Northwestern University

Graduate Funding

N/A

University of Texas at Austin

ConTex Doctoral Fellowships

min stipend of $1,100

University of Southern California

AICPA Foundation Scholarship for Future CPAs

$3,000 - $10,000

University of Illinois at Urbana-Champaign

Teaching Assistantships

$6,588 per semester + monthly stipend

Top Accounting University in the USA: Scope

Accounting is a highly valued function in every company and sector. Accounting experts are essential to following rules, accurately reporting financial data, and making sound business decisions for governments, nonprofits, publicly traded enterprises, and private groups. The increasing complexities of tax regimes and regulatory frameworks are expected to raise demand in the auditing and accounting domains.

With a degree in accounting, you can work in various sectors. A few jobs could be those of an accountant, budget analyst, business and financial consultant, financial analyst, financial examiner, finance manager, management analyst, or personal financial advisor.

After completing a certificate degree, graduates can work as accounting or auditing clerks, financial clerks, or bill collectors. An accounting bachelor's degree opens doors to positions such as auditor, cost estimator, and financial analyst. Graduates with a master's degree in the discipline can find work as tax examiners, management analysts, or financial managers. A master's degree can also lead to managerial or executive positions. Graduates with a Ph.D. in accounting are qualified for most management positions, including top executive, financial, and other management positions, as well as numerous teaching and research positions in colleges and universities.

Job Title

Range

Average

Senior Accountant

$58k - $87k

$71,651

Staff Accountant

$45k - $65k

$54,759

Accounting Manager

$65k - $113k

$85,640

Financial Controller

$65k - $128k

$91,424

Accountant

$44k - $73k

$55,942

Chief Financial Officer (CFO)

$87k - $207k

$136,739

Senior Financial Analyst

$68k - $102k

$84,110

Tax Manager

$74k - $121k

$95,877

Financial Analyst

$55k - $87k

$68,882

Finance Director

$77k - $164k

$116,061

Certified Public Accountant (CPA)

$50k - $102k

$67,143

Tax Associate

$50k - $65k

$57,081

 

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