One of the biggest obstacles to earning the coveted CPA designation is, of course, the CPA exam. But in many states, to sit for the exam, a candidate has to have 150 credit-hours of education, and in nearly all states, 150 hours are required for licensure. This reality has many candidates considering obtaining a Masters of Accounting (MAcc) degree.
For many, this decision can be a difficult one for both personal and financial reasons. Some may cringe at the thought of going back to school for another 30 credit-hours while others are quite weary of paying upwards of $50,000 for a top-rated Masters in Accounting Program especially if they are already in debt of student loans. In addition, getting a MAcc degree may also lead to opportunity costs if foregoing the first year of paid employment is what is exchanged for the privilege.