GMAcc
(Graduate Master of Accountancy)
Develops strong technical and professional accounting skills that qualify students to sit for the CPA exam.
ATTEND OUR GMACC INFO SESSION ON 11/9 FROM 12:00 - 1:00 IN 3180 GRAINGER (click here for details).
About the GMAcc
The Graduate Master of Accountancy (GMAcc) degree is a two- year graduate degree designed to prepare students with limited or no accounting background for licensure as a Certified Public Accountant. The program is not appropriate for students with an undergraduate degree in accounting (from a U.S. or international school).
The admissions process begins during December each year for the following Fall semester's admission. The first year of the GMAcc program emphasizes accounting and core business knowledge necessary to work in the accounting profession.
The first year's curriculum is as follows (24 total credits):
AIS 340 Accounting Systems (fall)
AIS 620 Fundamentals of Taxation (fall)
AIS 701 Intermediate Financial Reporting I(fall)
AIS 710 Intermediate Managerial Accounting (fall)
AIS 630 Auditing & Assurance Services (spring)
AIS 702 Intermediate Financial Reporting II (spring)
GB 301 Business Law (spring)
Business Elective (spring)
Students will complete a paid internship during the summer
between the first and second years of the program.
The second year of the program is designed to build on the internship experience through in-depth study of accounting issues.
The second year's curriculum is as follows (30 total credits):
A minimum of 3 and a maxiumum of 5 of the courses listed below --
AIS 603 Financial Statement Analysis
AIS 621 Corporate Taxation
AIS 631 Information Technology, Risk & Assurance Services
AIS 706 Advanced Financial Reporting
AIS 770 Seminar in Financial Accounting
+ A minimum of 5 and a maximum of 7 elective graduate courses
The second year also provides students with some flexibility to promote breadth of knowledge across a number of business disciplines.
Careers as professional accountants in public accounting,
financial institutions, government, industry or nonprofit organizations are
possible upon graduation.
About the GMAcc-Taxation
The Master of Accountancy degree allows for a major in taxation and is designed for students preparing for a career in tax. Only students admitted to the IMAcc or GMAcc program are eligible for this degree. The taxation program stresses in-depth study of tax law in a variety of areas, including business tax, individual and estate tax planning, multijurisdictional tax issues and tax administration. The courses for the GMAcc-Taxation degree are closely integrated with law school tax offerings and in many cases, are cross-listed with the law school. In addition, the GMAcc-Taxation degree requires additional courses in auditing, financial reporting theory or consulting.
Click here to see our GMAcc brochure!
How do I apply to the GMAcc Program ?
Updated 10/15/09: The next class to apply for admission is the class to start in Fall 2010. To apply for the GMAcc class to start in Fall 2010, you will have access to complete an online application through ApplyYourself. The link to the application will appear here on December 1. You have from December 1, 2009 - January 8, 2010 to complete and submit your online application. Only applications started and submitted during this window will be considered. Do not start or submit applications before this time. All materials which need to be sumitted along with the online application (any paper recommendations, paper transcripts, etc.) must be received by our offices no later than January 29, 2010. No paper materials will be accepted after this date.
The mailing address for supplemental materials is as follows:
Lynette A. Stolarzyk
Director, Professional Programs in Accounting
School of Business
The University of Wisconsin - Madison
4171D Grainger Hall
975 University Avenue
Madison, WI 53706-1323
Phone 608/262-0316
At present, the application fee is $56 and we are only accepting credit card payments. No checks will be accepted.
Note for international applicants: A financial statement will not be required until such time that you are admitted to our program. Please skip this portion of the application.
Please note that a GMAT score is required to apply. Our GMAT code is 79K-2S-23. We do not share minimum GMAT score requirements. The last day to take the GMAT exam for consideration of your Fall 2010 application is January 8, 2010.
GRE scores will NOT be accepted in lieu of a GMAT score.
Our TOEFL code is 1846. TOEFL is required for international applicants. We do not accept IELTS. The TOEFL will not be waived unless you have completed three years of study in English.
In advance of the online application becoming available, you can prepare your essay questions.
- No more than six type-written pages in total (double spaced; 12 pt Times New Roman font recommended) for all four required questions.
- Combine your essays in one document and label each question clearly.
- Include your name on the top of each page.
Class Profile
A pilot class of 3 GMAcc students started in Fall 2007. 100% full-time hire placement occurred for this class. For the GMAcc class starting in Fall 2008 (10 students), the average GMAT score was 700; the average GPA was 3.6. For the GMAcc class starting Fall 2009 (12 students), the average GMAT score was 670; the average GPA was 3.5.
For the GMAcc class starting Fall 2010, faculty will select candidates for interviews in late January 2010. An in-person interview is recommended, but telephone interviews may be undertaken where necessary. Admissions decisions will be made in early March 2010. For those students who do not satisfy the prerequisite of AIS 100 Introductory Financial Accounting or equivalent (as determined by our faculty), a summer course prior to the start of your fall semester will be available here on campus.
Financial Aid
Financial aid is available from the following sources:
- Paid internship (during the summer between the first and second year of the GMAcc program)
- Teaching Assistant (TA) appointments or Project Assistant (PA) appointments in the second year of the GMAcc program (competitive; 57% of all MAcc students received a TA or PA position in the last appointment period -- i.e., for the 2009-2010 academic year)
- Scholarships (several GMAcc students that started in Fall 2008 received scholarships in the second year of the GMAcc program totaling $19,000, in the range of $1,000 - $5,000)
There will be no financial aid available to GMAcc students in the first year of the program. The paid internships yield a salary of approximately $8,000. The competitive teaching assistantship and project assistantship appointments waive a semester of tuition (students teach for only one semester) and also pay a stipend of several thousand dollars. For the IMAcc and GMAcc students combined, there are approximately 55 TA/PA positions available.
Tuition Information
The current tuition and fees per semester (for the 2009 - 2010 academic year) for a Business Masters are as follows:
$5986.88 Residents
$13,348.24 Non-Residents
Note: No Minnesota Reciprocity
The tuition and fees for the 2010-2011 academic year will be set in August 2010.
Questions?
All questions should be directed to Lynette Stolarzyk, Director, at lstolarzyk@bus.wisc.edu.
GMAcc Advisors
Professor Karla Johnstone, kjohnstone@bus.wisc.edu
(chair)
Lynette Stolarzyk, Director,
lstolarzyk@bus.wisc.edu