MPA Admissions Blog

Insider Information for Prospective Texas McCombs Students

Category: Careers (page 1 of 4)

REGISTER NOW: Accounting++ Artificial Intelligence (Livestreamed Event)

Are you currently exploring the possibilities a Texas McCombs Master in Professional Accounting degree can offer? Artificial intelligence (AI) is a strategic focus driving multi-disciplinary collaborations, groundbreaking research, and the development of future leaders poised to navigate an ever-evolving landscape.

Join us virtually at our upcoming  event on Wednesday, April 10 to learn about the future of accounting and AI and how these fields intersect to shape the future of business.

Don’t miss out on this incredible opportunity to see into the future of accounting!

Wednesday, April 10, 2024
5:30 PM – 6:30 PM CT

REGISTER NOW!

This event will be livestreamed from Robert Rowling Hall on The University of Texas at Austin campus. Join us virtually through Zoom.

Meet Current Student Josh Tarplin

Josh Tarplin

From the Chem Lab to the Photo Studio to PwC
Josh Tarplin, MPA candidate ’24, on finding his passion for auditing

Accounting wasn’t on Josh Tarplin’s radar as a career until he started running his own business, a photography studio he ultimately ran in the U.K. Before that, he was on track to becoming a chemical engineer — as a teen he worked on research at the National Institutes of Health (NIH). Tarplin talks about his circuitous path to accounting, why it’s now his ideal career, and what he’s learned during his time in the traditional Master in Professional Accounting (MPA) program.

Q: You started in science, then started your own creative business. How did that come about?

A: I took a lot of science classes in high school, worked at the NIH doing research, and came to Yale as a chemical engineering major. But in college, I also took a photography class, and I really fell in love with it. So, I double majored in fine art focused on photography and the history of art, with a focus on visual theory. My plan was to work as a fine artist, like a hermit in the studio — that was the dream. I started in fashion photography, a mix of the commercial and the creative, and I opened my own studio in Los Angeles, working with Instagram brands and then companies.

Q: When did it first occur to you that accounting was an important subject to study?

A: With my photography business, I started working in London more than in L.A., and that’s where I first discovered accounting. I’d never known an accountant besides the nice woman who prepared my taxes. In running my studio, I didn’t have financial records. I didn’t know how to account for my expenses. So, I started giving myself an online education in accounting, and I really fell in love with it. It’s so different from art, but it supports any other endeavor you’re trying to pursue. Accounting is a really good framework, and whatever you’re doing — from operating Apple to designing and printing your own T-shirts — you have to have this knowledge to be able to function on your own in a commercial world, and also to protect yourself.

Q: What has your experience in the MPA program been like?

A: I’m loving it. It’s a discipline that’s internally consistent, which is very rare. But at the same time, there’s so much creativity and room for exploration. The classes I’ve found the most interesting have involved discussions of the issues between regulators and companies. The Accounting faculty are really interested in teaching what’s going on in the actual standards or in the actual internal revenue code. It’s introducing an idea from a textbook and then giving the inside scoop as to how it functions. I’m so happy that I found something that I love as much as I love making art.

Q: Are you still doing photography?

A: I’d much rather give someone a photograph they love than have it hang in a gallery and then get sold to someone I’ve never met. I see art as a weekend activity now. I’m excited to be fully in the world of accounting.

Q: What’s your plan for after you graduate?

A: I’ll be working at PwC in Houston. I really love auditing — I love seeing the forest through the trees of the numbers. I think that comes from my art history visual theory background. Numbers on a page symbolize this whole world of a company.

I’m interested in being exposed to different companies and the investigatory aspect, to investigate and find (or not find) fraud. It’s the idea that auditors are the guardians of the capital markets.

Q: What would you say to students thinking about studying accounting at McCombs?

A: It’s the best program in the country, the world really. It’s not just the ranking that drew me, but it’s who’s teaching here: the best talent for both teaching and research. The program offers a holistic experience in learning accounting that you can take in so many different directions. You can explore anything. The program is a one-year ticket to know how to do anything you want to do in the world that involves people trusting you with money — which is really everything.

 

REGISTER: Accounting++ Your First Job (Livestreamed event)

Are you wondering what kind of careers an accounting degree will offer you? Join us at the Accounting++ Your First Job event where you will hear from accounting alumni about their first jobs after graduating with an accounting degree and where they are now.

This event will be livestreamed from Robert Rowling Hall on The University of Texas at Austin campus. Join us on Thursday, March 7 at 5:30 p.m. CT virtually through Zoom.

Meet the Panelists

image of Fraser Armstrong-Watters

Fraser Armstrong-Watters
Current Title: Chief Financial Officer
First Title: Analyst

Fraser began his career as an analyst in management consulting. He is now a partner and CFO at Palisades Group, a residential investment company.

 

image of Matt Boyd

Matt Boyd
Current Title: Vice President & Partner
First Title: Analyst

After graduating with an MPA degree from Texas McCombs, Matt was an analyst at an investment bank and is now a VP and Principal at Olympus Partners.

 

Image of Chris Dunn

Chris Dunn
Current Title: Chief Accounting Officer
First Title: Associate

Matt graduated with an MPA degree and started out in public accounting as an associate, then went into wealth management, and is now the CAO at Palisades Group.

 

Image of Shari Ledbetter

Shari Ledbetter
Current Title: Manager
First Title: Senior Accountant

Shari is an MPA alum and began her career in public accounting. She then transitioned into investments and asset management and is now a manager at TPG Capital.

 

 REGISTER NOW for the livestream event!

A New Era for Accountants

From renewable energy startups to movie studios, accountants are in high demand for a staggering variety of careers

In the accounting field, one thing is becoming clear: There is no “typical” accounting job. Alumnus Ryan Hess (Ph.D. ’21) worked with the Internal Revenue Service to  improve tax compliance via automation. Alumna Megan Light (BBA, MPA ’06) works in investor relations in the natural resources field.

For both graduates, their day-to-day is far from the image some people have of accountants: worker bees who enter and move numbers around a spreadsheet. Over the years — and in recent years, especially, as data has ballooned along with new technologies and ever-changing regulations — accounting has evolved into an even more vibrant field that spans industries and requires a broad and well-balanced skill set. Accountants dabble in math, yes — but today they must also have advanced communications skills and an affinity for new technologies.

An accountant might find work uncovering financial fraud, helping a shipping company operate more efficiently to improve its bottom line, or managing production budgets and royalty distributions for a movie studio.

Accountants’ bread and butter is assessing and reporting on a company’s financial position so the business can make forecasts about the future and manage risk. They prepare budgets and forecasts, analyze expenditure and revenue, and identify where a company can invest, save money or afford to spend more. Accountants also present financial information — and often provide financial advice — to managers or to clients.

Accounting is a perfect field for people who enjoy working with numbers and technology, analyzing data, thinking critically to solve problems, and communicating outcomes.

A WIDE VARIETY OF JOB OPPORTUNITIES
Accountants are a vital part of every organization and every industry — from large corporations to small startups and nonprofits, from high-tech energy companies to sports teams and entertainment production studios. Accounting skills are also essential for people who ultimately choose to work in investment banking or financial consulting.

Meanwhile, some accountants carve out creative side-gigs for themselves too. For example, UT accounting Ph.D. program graduates and professors Lisa De Simone (Ph.D. ’13) and Bridget Stomberg (Ph.D. ’13) with Indiana University’s Kelley School of Business started a podcast called “Taxes for the Masses” to break down tax concepts into simple terms.

STABILITY AND GROWTH
While other professions have seen a slump, accountants continue to be in high demand despite economic fluctuations. And, according to the Bureau of Labor Statistics, globalization, a growing economy, and a complex tax and regulatory environment are expected to continue driving a strong demand. The field provides job security, and it equips people with skills that translate across industries and geographic regions.

TRANSFERABLE SKILLS
Successful accountants require a variety of skills and knowledge, such as:

  • Ability to analyze data.
  • Ability to think critically and problem-solve.
  • Budgeting, forecasting, financial statement preparation.
  • Communication skills.
  • Proficiency in technical software.
  • Leadership aptitude.

These are skills students learn as they earn a degree in accounting and continue to refine throughout their careers.

TEXAS MCCOMBS MASTER IN PROFESSIONAL ACCOUNTING PROGRAM
Did you know that the one-year Master in Professional Accounting degree program at Texas McCombs is open to students with a bachelor’s degree in any discipline? Join us for an upcoming virtual info session to learn more!

Apply Now to Join the 2024 Incoming MPA Class!

The Texas McCombs MPA Class of 2023 had great success in securing employment. 98% of the class (overall) and 100% of the international students accepted job offers!

Our traditional MPA students secured full-time employment in a variety of areas:

  • 49% Public Accounting – Audit
  • 27% Public Accounting – Tax
  • 13% Industry
  •    7% Public Accounting – Advisory
  •    8% Consulting
  •    3% Finance

and in various geographical regions:

  • 60% Southwest
  • 16% West
  • 10% South
  •    7% East
  •    5% Midwest
  •    2% International

APPLY NOW!

Meet MPA Alumna Rachel Ybarra

Excerpted from the original publication in Texas McCombs Alumni News.

Originally from San Antonio, Rachel Ybarra began her journey at McCombs while pursuing her accounting degree. From there, she went on to work for AT&T, where she excelled into a senior leadership role before launching Embrace Any Future, a boutique financial strategy and consulting firm.

Notable quotes from Rachel regarding the accounting program at Texas McCombs:

“UT Austin has an exceptional Accounting Program, number one in the nation. To attend the program was such a privilege.”

“UT’s accounting program has always been a trendsetter. Thirty years later, I still see the business school striving to new heights.”

“Going to a great school and prestigious program opened many doors and my education and the rigor of the accounting program made the transition to a highly competitive Fortune 20 company feel natural.”

Read more about how Texas McCombs shaped Rachel’s future.

 

Austin Takes the Lead as the #1 City to Launch Your Career

In a recent analysis conducted by Bankrate, the top 50 metro areas in the US were evaluated based on three key factors: rent affordability, employment opportunities, and quality of life. Austin emerged as the number one city for millennials and members of Gen Z entering the workforce!

As graduation season wraps up, young adults across the country are embarking on their post-college journeys and contemplating where to start their careers. Austin is a city that embodies the perfect balance between work and play. With its booming job market, affordable living, and vibrant culture, Austin has become a magnet for young professionals seeking a head start in their careers.

The city’s strong economy has been driven by the presence of major tech companies, including Dell, IBM, Apple, Facebook, Samsung, Google and Tesla, which have established their operations in the area. Austin is also home to several major accounting firms, such as Deloitte, PwC, KPMG, and EY, that offer a wide range of accounting, tax, and consulting services.

The Master in Professional Accounting (MPA) program at Texas McCombs stands out as the nation’s top-ranked program. Pursing a masters in accounting at McCombs and establishing a foundation in Austin allows graduates to gain access to a network of industry leaders and exciting career opportunities, setting them on the path to a successful and fulfilling professional journey in Austin.

Beyond its professional appeal, Austin boasts a vibrant cultural scene and an exceptional quality of life. The city is renowned for its live music venues, festivals, and diverse culinary offerings. With its numerous parks, hiking trails, and proximity to the beautiful Texas Hill Country, Austin provides ample opportunities for outdoor enthusiasts to unwind and stay active.

Join us at an MPA event to learn more and make Austin your destination!

REGISTER: Accounting ++ “?” Webinar

This spring, the Texas McCombs MPA Program has been hosting the “Accounting++” series, to introduce students to various careers in which accounting knowledge is valued. At each event, we highlight a career path that benefits from having a master’s degree in accounting (MPA). Our final event is titled Accounting ++ “?”. If you are thinking of choosing a major or applying to the MPA program, register now to hear from accountants with diverse backgrounds working in a variety of areas to get your questions answered.

Event Details:
Tuesday, April 4, 2023
5:30 – 6:30 pm CT

Register Now!

Meet the Panelists!

BillBill Fan
Tax Analyst, SpaceX

SpaceX designs and builds its reusable rockets and spacecraft. Their goal is to reduce space transportation costs to enable the colonization of Mars. Bill works in their tax function to ensure that SpaceX is both meeting its tax reporting and compliance obligations and operating in a tax-efficient manner.

 

VirginiaVirgina Hoskins
Director, Department of Physics, UT Austin

The Physics Department at UT is an internationally recognized research college and ranks highly in the National Research Council surveys of doctoral programs in the US. Virginia’s work ensures that the Department can meet its current and aspirational goals, by stewarding its financial processes.

 

NikkiNikki Ellis
Tax Manager, Deloitte

Deloitte provides tax compliance and consulting services to public and private companies. Digitization, ESG, and workforce mobility fundamentally affect the taxes companies pay and make this an interesting and challenging area of work. Tax professionals are their client’s strategic advisors. They work to assess their client’s tax obligations accurately and efficiently, ensuring that they are well served and that governments have the resources to meet their operating needs.

 

CedricCedric Kudowor
Senior, Accounting & Reporting Advisory, Deloitte

Deloitte provides audit and assurance services to help organizations ensure that their businesses operate efficiently and profitably, following applicable governing standards. Auditors, by verifying and testing the information in financial and other regulated reporting, enhance the trust placed in the financial markets and, in so doing, help a multi-trillion dollar capital market system function with greater confidence.

 

JohnJohn Strother
Senior Consultant, Modeling Advisory, Deloitte

Deloitte’s valuation and modeling services teams work with clients to better forecast and analyze various data points to better understand risks facing their businesses, to reduce costs, and to accurately price acquisitions and sales. Their clients include public and private companies in industries such as private equity, real estate, manufacturing, and technology.

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90 percent of the Fortune 500 and more than 7,000 private companies.

A Master in Professional Accounting Degree = More Opportunities

It can be a challenge to design the best plan for your future. If you’re into numbers and the stories they tell, you may find that the Texas McCombs Master in Professional Accounting (MPA) degree program is a smart choice. Here’s why we think you should take a closer look:

An MPA degree makes you attractive to top organizations.

Accounting is the lifeblood of virtually every company in every industry. Organizations need accountants to track finances, predict future transactions, and evaluate performance. Without highly qualified accountants, businesses have a hard time growing or even surviving. A graduate from the top-ranked Texas McCombs MPA program will be in demand for years to come.

The MPA degree gives you the luxury of choice.

With an MPA degree from Texas McCombs, you’ll have a variety of roles to choose from in areas such as public accounting, industry, consulting, finance and government. Here are some examples of positions your MPA degree could help you secure:

  • Internal Auditor—the employee that’s indispensable to senior leadership and the board of directors. As an internal auditor, you investigate and report, giving leadership key information for important decision-making.
  • Staff Accountant—this role holds more credentials and trains for higher-level tasks than a general accountant. As a staff accountant, you’ll soon advance to more senior positions and management roles.
  • Controller—this powerful management role oversees all accounting employees and processes.
  • Restructuring Consultant—this role points the way when making major business decisions. Restructuring consultants make financial projections and cash forecasts. They also analyze financial data, perform financial reporting, and conduct data mining and research.
  • Tax Consultant—this role helps keep businesses safely legal with tax-related issues, including compliance and regulations, and determining taxes owed.
  • Risk and Financial Advisor—this is another role that informs big decisions. As a risk and financial advisor, you would help organizations reduce or wisely manage their financial risk.

Wondering how well the MPA Class of 2022 is doing?

98% of the MPA Class of 2022 received job offers within three months of graduation!

What’s the next step in planning your future?

This may just be the beginning of your research. If you want to know more about how the MPA program can help you reach your career goals, attend an info session or meet with admissions.

Austin: Ranked Best U.S. Job Market

Austin landed among the top large cities in the Wall Street Journal’s annual job-market rankings for three years running!

The best place for Gen Z to find a job? Austin, Texas! Home of the McCombs School of Business, Austin was ranked as the best labor market in 2021! Considered one of the top cities for entry-level growth, Austin is home to a number of big companies such as Dell, Oracle, Amazon, Google and Tesla. Austin is also considered one of the most vibrant cities. From our live music, to endless outdoor activities and delicious food, Austin is a great place to call home.

Also ranked at #1 in the nation is our accounting program! Accounting is the backbone of a company and is needed in every industry. Accounting is in high demand for most businesses and provides a stable rate of employment. Earn your master’s degree in one of the top-ranked cities in the nation.

If you’re interested and want to learn more, register for one of our info sessions. You will learn more about the program, admissions process, curriculum, and career outcomes, as well as what life is like at McCombs.

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