How will an additional year of trainingimpact colleges and accounting students?
Many colleges and universities have beenpreparing for the new legislation for years bydeveloping MS and MBA programs with concentrations in accounting. These new programs require more experienced faculty andadded costs. Now, colleges and universitiesare facing a significant decline in the numberof qualified Ph.D. candidates in accounting.They will need to consider how to attract andkeep qualified faculty to meet the growingdemands of these programs and also developflexible degree programs to accommodatean evolving student population. Students can combine an undergraduateaccounting degree with an advanced degree at the same school or another institution orenroll in a combined five-year bachelor’s andmaster’s degree program. While the additional education will result in higher salaries forstudents, the education comes at a price. Notonly will students have to pay for the additional tuition at higher graduate rates, butthey also have to consider the opportunitycost of not going to work af
