MPA Admissions Blog

Insider Information for Prospective Texas McCombs Students

Tag: accounting careers (page 1 of 2)

Meet Current MPA Student Sophia Matar

Sophia Matar
Full Speed Ahead for This MPA Student 

Sophia Matar, MPA candidate ’24, credits McCombs’ career coaches and corporate partners with starting her off well

Sophia Matar is no stranger to the fast track. She started her undergraduate education at The University of Texas at Austin with enough dual credit and Advanced Placement coursework to graduate in just three years — majoring in economics with a minor in accounting. So, the opportunity to get a head start on graduate coursework through Texas McCombs’ Master in Professional Accounting (MPA) Bridge program was, she says, “just too good to pass up.”

She’s currently set to graduate at the end of the Spring 2024 semester, with an audit position awaiting her as she steps off the stage. She talks about accounting as both stable and dynamic, how the MPA Bridge program matched her ambitions, and how real-world exposure at McCombs gave her the confidence to land her first job.

Q: After studying both economics and accounting, what finally drew you toward a master’s in accounting?

A: I found economics coursework to be a lot more theoretical, while accounting is more structured and practical. So, the stability drew me in. But it’s also an exciting field because there are so many avenues to pursue, so many different types of jobs, and plenty of potential to work directly with clients. Some people who study accounting end up as investment bankers or as CFOs — it’s not sitting at a desk and booking journal entries.

Q: What benefits did you see in enrolling in the MPA Bridge program?

A: My plan was to graduate in three years, and I saw the Bridge program as a way to start my graduate studies in my third year of college and then finish my master’s in my fourth year. Finishing two degrees in four years was just too good to pass up. It definitely helped to save money, too.

Q: What aspects of the one-year MPA program have you enjoyed and have been helpful for you?

A: I’ve gotten so much help with professional development. McCombs’ career coaches have met with me multiple times, helping me with interview prep and to rework my résumé. Because of all their help, I now feel extremely confident in my networking skills.

It’s also been really helpful to hear from so many guest speakers in classes — people who are out working in the field right now. Hearing their experiences has helped me to understand that not everybody is on the same path, but that accountants come from many different backgrounds and succeed in a wide range of really interesting roles. Right now, for example, I’m in an internal audit class and we’re paired with a company to do internal audit work for them. It’s so great to get that experience while I’m in school.

Q: What’s your plan for after graduation?

A: Initially, I figured I would do general consulting after graduation. But during my MPA experience, I’ve been exposed to so many different ways in which to be an accountant, and I realized that I really like the internal side of audit versus the external side. I ended up taking a tech risk consulting position with EY, where I’ll be doing internal control work and risk assessment.

Q: What about advice for potential accounting program applicants?

A: The program is well worth it — and not just because of the coursework, even though that has been instrumental for me. It’s valuable because you have access to real-world experiences and one-on-one development opportunities. McCombs’ MPA program is one of the most well-known and prepares you very well for whatever accounting path you choose.

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!

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.

 

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.

Attend an information session for the MPA Program

Are you interested in earning your master’s degree in accounting? Join us at a Texas McCombs Master in Professional Accounting (MPA) virtual info session this spring! With a master’s degree in accounting, the sky is the limit. Many leaders across the globe have accounting backgrounds. Join their ranks and start your career off right with an MPA degree from Texas McCombs.

The traditional Master in Professional Accounting (tMPA) is a one-year program open to students with a bachelor’s degree in any discipline. In as little as nine months, you can earn an MPA degree from the top accounting program in the country! From the best accounting faculty in the nation to a variety of accounting and MBA electives to a 98% job placement rate, MPA has what you’re looking for… and more!

At the MPA info session, you will meet Jasmin Blas-Mendieta, the Senior Admissions and Recruiting Officer for the MPA program. She will detail how to apply, the MPA curriculum, career opportunities and outcomes, and what life is like in Austin.

Jasmin Blas-Mendieta

If you can’t make an info session, schedule an individual appointment with Jasmin at any time!

Virtual info session dates:

See you there!

REGISTER: MPA Info Session on November 3

November 3 Info Session

Are you interested in earning your master’s degree in accounting? Join us at the Texas McCombs Master in Professional Accounting (MPA) virtual info session on November 3 at 5:00 p.m. CT!

At the MPA info session, you will meet Jasmin Blas-Mendieta, the Senior Admissions and Recruiting Officer for the MPA program. She will detail the curriculum you will learn in the program, career outcomes and opportunities, how to apply, and answer any questions you have.

Register for the info session and learn how you can earn your master’s degree in accounting from The University of Texas at Austin!

Register Today!

Master in Professional Accounting Info Session
Thursday, November 3, 2022
5:00 – 6:00 p.m. CT
Virtual – Zoom

Is Accounting the Right Fit for You?

If you enjoy working with numbers and analyzing data but also love solving problems and communicating outcomes, accounting may be the perfect fit for you. Accountants determine the financial position of a company so that it can make forecasts about the future and manage risk. They prepare budgets and forecasts, analyze expenditure and revenue and identify where a company can save money or afford to spend more money. Sitting behind a desk all day crunching numbers is a common misconception! In reality, accountants have a variety of roles and responsibilities such as presenting financial information to management, providing financial advice to clients, or investigating fraud.

VARIETY OF JOB OPPORTUNITIES
Accountants are needed in every organization and every industry, from large corporations to small start-up companies and nonprofits, high-tech companies, the energy industry, sports organizations, the entertainment industry – you name it!  Accounting skills are beneficial in a variety of fields such as public accounting, investment banking and financial consulting.

STABILITY AND GROWTH
Accountants are in high demand despite fluctuations in the economy. 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 for accountants. The field provides job security and skills that translate across industries and geographic regions.

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

  • Budgeting, forecasting, financial statement preparation
  • Ability to analyze data
  • Proficiency in accounting software
  • Communication skills
  • Leadership ability
  • Organization skills
  • Ability to think critically and problem-solve

These skills, along with many others, are gained while earning an accounting degree and continue to develop as you move up in the workplace.

UPCOMING INFO SESSIONS
Want to learn more about the Master in Professional Accounting degree program at Texas McCombs? Join us for an upcoming virtual info session!

REGISTER NOW

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