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AICPA Legacy Scholarships: Apply Now!

If you are seeking scholarship opportunities for the Texas McCombs MPA program, be sure to check your eligibility to apply for an AICPA Legacy Scholarship. The scholarships have a March 15 application deadline and are limited to U.S. citizens and permanent residents. Scholarships include (but are not limited to):

  • The John L. Carey Scholarship provides financial assistance to liberal arts and non-business undergraduate degree holders who are pursuing both graduate studies in accounting and CPA licensure.
  • The AICPA Scholarship for Minority Accounting Students provides financial awards to full-time minority students pursuing an undergraduate or graduate degree in accounting or an accounting-related major.
  • The AICPA Foundation Scholarship for Future CPAs provides financial assistance to undergraduate or graduate degree students interested in pursuing the CPA license after graduation.
  • The AWSCPA Scholarship provides financial assistance to outstanding female students majoring in accounting or an accounting-related field.

We encourage you to apply and check for other scholarships through the national scholarship search.

REGISTER: Meet Current MPA Students and Alumni on November 16

Hear from current Master in Professional Accounting students and alumni at our virtual panel on Wednesday, November 16 from 5:00 – 6:00 p.m. CT! MPA students and alumni will discuss why they chose to study accounting, as well as detail their experiences in the program, including their favorites classes, recruiting and networking opportunities, and life at Texas McCombs. Plus, you’ll have the chance to ask the panelists questions!

Register Now

Event Details:
Wednesday, November 16
5:00 – 6:00 p.m. CT
Virtual – Zoom

Meet the Panelists!

Yadira Avitia

Yadira Avitia  |  Current MPA
Undergrad: Psychology, University of North Texas

Yadira grew up in Fort Worth, Texas and received a bachelor’s in psychology from the University of North Texas. She decided to earn a graduate degree in accounting from Texas McCombs to master the language of business. She strives to service businesses within various industries who are working to make this world a better place.

 

Christine CockerellChristine Cockerell  |  MPA ’17
Senior Financial Analyst at Toyota North America

Christine earned her undergraduate degree in finance/accounting from American University and earned her MPA at UT Austin. She is interested in financial advisory services, particularly in the airline, automotive, and real estate sectors. She was born and raised in Texas and is a private pilot and avid golfer.

 

David O'NeilDavid O’Neil  |  MPA ’15
Senior Associate at Crescent Cove Capital

David earned both his bachelor’s and master’s in accounting from UT Austin. He focused his studies in financial accounting, as well as volunteered as a tax preparer through the Tax Practicum course. His passions include corporate finance, new technologies, and investing.

 

Eric WenEric (Junqi) Wen  |  Current MPA
Undergrad: Accounting, UT Austin

Eric grew up in China and went to high school in Sugar Land, Texas. He is a current student studying in the Master in Professional Accounting Program. Upon graduation, Eric will be working as a strategy analyst at Accenture in Chicago, Illinois.

 

Three Steps to Better Investing

Advice on selecting mutual funds, listening to CEOs, and considering climate change, courtesy of Texas McCombs research, including our very own accounting professor Jeff Hales.

Better Investing
If you’re looking to make better investment decisions, it’s a good idea to listen to the experts. And who’s more of an expert than a business researcher who studies investing and the stock market.

With that in mind, consider applying these practical research findings from Texas McCombs to your investments:

Seek low taxes on mutual funds. A study by finance professor Clemens Sialm showed that funds with lower tax burdens had higher-than-average returns. That’s why Sialm urges fund shoppers to look beyond past performance and check out taxes as well. “You have to dig deeper in the prospectus, but the information is there,” he says. Research websites such as Morningstar can help. They list the taxable distributions along with the performance of a fund.

Bet on big-talking CEOs. When executives use extreme language on quarterly earnings calls — words such as “astonishing,” “incredible,” and “exceptional” — it can benefit capital markets, according to research from accounting professor Jeff Hales. For executives who speak in superlatives, their words can produce a stronger reaction in stock prices, increased trading volume, and adjusted analyst forecasts. CEO language can even foreshadow a company’s future earnings.

Read the entire article on Big Ideas.

Introducing Mduduzi Mugoba, tMPA Class of 2019

Duzi is a traditional Master in Professional Accounting student who is graduating this May. Let’s learn a bit more about him and his time here at Texas McCombs.

Name: Mduduzi “Duzi” Mugoba

Where did you grow up? Zimbabwe

Where did you earn your undergraduate degree? Florida International University

What is your undergraduate degree in? Accounting

Why did you decide to come to the MPA program at Texas McCombs?
It is the best accounting program in the country so couldn’t turn down the offer to come to school here! Also, Texas McCombs is in a great city like Austin with so many cool and fun things to do outside of school. So I would say I chose the program for its prestige and for its location.

What is your MPA academic track? Financial Reporting and Assurance

Why did you decide to become an MPA student ambassador?
The MPA program has given me access to amazing opportunities professionally and socially so would love to give back in any way I can.

What has been one of your favorite classes so far and why?
Well, it’s so hard to choose one particular class because I have loved them all! I will say each professor is so different in their teaching styles and how they present information; it is a fun experience navigating all these different styles. I do have a two classes I just have to mention… The first being Professor Badolato’s Financial Statement Analysis (ACC 380K) course, which was high-paced and intense with so much information coming your way. I loved it because it was perhaps my most challenging class in that involved learning in a very different way compared to anything I had ever experienced before. I learned so much about Financial Statement Analysis (and about myself) which was awesome! My other favorite is Investment Theory (FIN 397) with Professor Brown. The information is so relevant and something I will apply to my life in future. The big takeaway from the class (at least for me) is the investment opportunities available if one is interested in passive investment and personal finance management. The class itself is also challenging but that is a common theme for most classes in the MPA program.

What are your plans after you graduate?
I was offered (and accepted) a full-time position at EY and will be working in Houston in their assurance practice. I start in the fall, so while I wait on my start date I plan on taking at least two parts of the CPA exam and enjoying some Texas sun. I am also a fan of the cold drinks that go with the nice, hot summer weather. 🙂

Can you tell us more about the MPA intramural soccer teams you have played on?
Oh yes! It was something that myself, Jeff Chen, and Tyler Wilford were thinking about when the spring semester started. In fact, we just wanted to play some form of intramural sport. Then I ran into Ray Lee (our Team Captain) at a Diversity and Inclusion talk, and he mentioned that he was trying to organize a team to play soccer but couldn’t find enough people. So we exchanged numbers, then I gave Ray Jeff and Tyler’s numbers and they went on to create the team (so all the credit of starting the team should go to me because I had all the contacts haha). But in all seriousness, it was just a way for us to get together as MPAs and do something outside of class. It turned out great because we have a couple of people who have played soccer before, so we were able to be competitive and make it to the playoffs for the men’s league (which we lost under dubious circumstances), but now we have a co-ed team with more MPAs and hopefully more success!

Anything else you’d like to share?
I would say that as important as the classes are, I have enjoyed meeting different people more than anything. The MPA program is very challenging and one can get extremely busy, but I think the most value I have received from the program is meeting new people and actually making meaningful connections outside of the conventional “networking.” It’s important to keep that in mind for anyone looking to join the MPA program.

 

Mighty MPA Soccer

The Mighty MPAs smile for a team photo with Steve Smith, Senior Director of the MPA program. Duzi Mugoba is pictured in the bottom row, third from the left.

AICPA Announces 2018 Elijah Watt Sells Award Winners

The American Institute of CPAs (AICPA) named the 110 recipients of the 2018 Elijah Watt Sells Award on Thursday, April 11, and the Texas McCombs MPA program has three winners:

  • Natalie Gilbert (BBA ’17, MPA ’18) who is currently employed with PwC in Houston, Texas
  • Laura “Elise” Jones (BBA ’17, MPA ’18) who is currently employed with KPMG in Dallas, Texas
  • Minjae Kim (BHP and BBA ’17, MPA ’18) who is currently employed with Analysis Group in Dallas, Texas

This award recognizes those who scored a cumulative average score above 95.50 across all four sections of the CPA exam, passed all four sections of the exam on their first attempt, and completed their testing in 2018. Over 86,000 individuals sat for the CPA exam in 2018.

78% of Texas McCombs students who took the CPA exam in 2018 passed all four sections; this compares to a 52% pass rate among all over Texas colleges and universities.

Congratulations to Natalie, Elise, and Minjae, as well as the other 107 winners — it’s an tremendous accomplishment to receive this award!

See a list of all the winners here.

The Elijah Watt Sells Award was established in 1923 to honor one of the country’s first CPAs, Elijah Watt Sells. He was a founding partner of Haskins & Sells (a predecessor to Deloitte) and one of the first practicing CPAs in New York. He also served on the AICPA governing council and helped turn the AICPA into what it is today.

Elijah Watt Sells Award

Department of Accounting ranked No. 1 by U.S. News

U.S. News and World Report came out this week with its annual Best Business School rankings, and the Department of Accounting at Texas McCombs topped the list at No. 1 for the 13th straight year!

We are very fortunate to have such an phenomenal group of students, faculty, staff, and alumni who continue to make the Department of Accounting the best in the world.  Read the summary of the rankings below, including the Texas McCombs MBA program coming in at No. 19, or on Texas McCombs News.

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The Texas McCombs MBA hit No. 19 for the full-time MBA and No. 8 for working professionals. Three of the school’s business specialties were among the ranking’s top 10.

Landing at No. 19, the Texas McCombs Full-Time MBA Program maintained its venerable top-20 position in the 2020 edition of U.S. News & World Report ’s survey of the nation’s best graduate schools of business.

The Texas McCombs MBA has counted itself among the top 20 programs in 27 of the past 28 years. Among public schools, McCombs and the University of North Carolina tied for fifth place, behind the University of California, Berkeley (6, tied), University of Michigan (10), University of Virginia (12, tied), and UCLA (16).

Specialty Rankings

The U.S. News ranking also considers strengths in subject areas. Three McCombs business specialties landed in the top 10:

• Accounting: No. 1 (13th year in a row and 27th year in a row among the top five)
• Information Systems: No. 4 (27th year straight in the top five)
• Entrepreneurship: No. 10 (23rd consecutive year in the top 10)

Working Professional MBA Takes 8th

In the best part-time MBA rankings, McCombs placed at No. 8. The working professional MBA programs at McCombs, which include the Texas Evening MBA, the Texas MBA at Houston, and the Texas MBA at Dallas/Fort Worth, have held top 10 status for the past 10 years.

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