The MBA in Accounting program at SUNY New Paltz was one of just two New York State graduate programs named in a new ranking of the most affordable master’s degree programs in accounting for the 2018-19 academic year.
The list comes from AccountingEDU.org, a non-profit resource created by and for Certified Public Accountants (CPAs) and those aspiring to earn certification.
AccountingEDU’s methodology relies on two primary factors to determine the value of a program – cost, and CPA exam first-time pass rate – while also factoring in programmatic strengths and differentiators.
“If a school is routinely sending more than half of its students out to nail the UCPA on the first try, it’s not a fluke,” they write. “They’re doing something right.”
As one of only two MBA programs in Accounting representing New York State in the rankings, SUNY New Paltz is cited as having a first-time CPA exam pass rate of 60.5 percent.
CPA exam pass rate is a relevant proxy for program strength, because many people who choose to pursue graduate degrees in accounting do so specifically to meet the 150-semester-hour threshold to qualify for CPA licensure.
“Since the average bachelor’s degree only gets you to 120 hours, those extra 30 have to come from somewhere, and for most would-be CPAs it’s a master’s program that gets it done,” the post reads. “Master’s degree programs in accounting are expensive, though – according to Sallie Mae, the average master’s program for the 2016-2017 school year ran to nearly $25,000 per year.”
AccountingEDU reports a cost per credit of $619 for in-state residents at SUNY New Paltz, significantly lower than many other listed schools in the northeast U.S.
The publication also cites the College’s flexible part-time/full-time curricular options, the year-round online course offerings, and student support available through the MBA/Business Executive Mentor Program.
Visit AccountingEDU.org’s rankings of affordable master’s degree in accounting programs for more about their rankings and methodology.