Master in Professional Accounting Admissions Blog

Insider Information for Prospective Texas McCombs MPA Students

Category: MPA Program Info (page 5 of 16)

Peek into an MPA Class: Financial Planning for Wealth Management

In 2016, Terri Holbrook created a new course in financial wealth management for students interested in investments, tax planning, and all areas of personal wealth management. In class, students learn financial planning strategies, to develop research techniques and methods of analysis in the personal financial planning process.

The course has become incredibly popular, with many students eagerly signing up each year. What makes this course so special? According to Holbrook, it’s all about hands-on learning and real-world experience.

Rather than relying solely on lectures and textbook material, Holbrook’s course is project-driven and case-based. At the beginning of the semester, students are introduced to a simulated four-generation family, and throughout the course, they receive emails from this client requesting assistance with a variety of financial issues, including retirement planning, investment portfolios, tax liabilities, and estate planning. By working through these scenarios, students gain valuable experience in the real-world challenges that personal wealth advisors face every day.

One of the key benefits of this course is its relevance to today’s job market. According to Holbrook, there is a significant shortage of financial advisors and planners, with many current advisors nearing retirement age and looking for younger professionals to take over their client base. Additionally, the baby boomer generation is currently transferring significant amounts of wealth to younger generations who may lack financial knowledge. For students interested in a career in financial planning and advisory, this course can be an excellent opportunity to gain experience and develop skills in a field with significant job opportunities.

The course has lasting personal benefits even for students not interested in a career in financial advising. Learning how to manage personal finances, invest wisely, and plan for retirement are skills that will serve students well throughout their lives.

Terri Holbrook’s course in financial wealth management is an excellent opportunity for students to gain real-world experience and develop valuable skills that will serve them well both personally and professionally. With a focus on hands-on learning and a simulated client scenario, this course provides an excellent foundation for students interested in pursuing a career in financial planning and advisory, as well as those simply looking to improve their personal financial management skills.

Interested in learning more about the MPA Program? Dive deeper into the program here.

REGISTER: Meet Current MPA Students and Alumni

Want to learn more about the Master in Professional Accounting program from students and alumni who have experienced it first-hand? Join our virtual panel on Thursday, April 20 from 5:00 – 6:00 p.m. CT! Current MPA students and alumni will discuss why they chose to study accounting and provide details about their experiences in the program, including their favorites classes, recruiting and employment opportunities, and life at Texas McCombs. Plus, you’ll have the chance to ask the panelists questions!

Register Now!

Event Details:
Thursday, April 20
5:00 – 6:00 p.m. CT
Virtual – Zoom

Meet the Panelists!

Paul Nabhan  |  MPA ’12
Associate, Arnold & Porter Kaye Scholer LLP

Paul earned his master’s in accounting through the integrated Master in Professional Accounting (iMPA) program at Texas McCombs. Paul is an attorney and CPA based in New York City. His primary practice involves representing financial institutions, corporate borrowers, and private equity sponsors in complex structured and leveraged finance transactions.

 

Letitia Wu |  MPA ’23
Current Student

Letitia is currently in the traditional Master in Professional Accounting (tMPA) program. She earned her bachelor’s degree in both accounting and operations & information management from Georgetown University. Letitia is pursuing the generalist track within the MPA program and is also a MPA ambassador. She is open to connecting with prospective students as they consider attending McCombs!

 

Alec Weissman  |  MPA ’19
Business Analyst, McKinsey & Company

Alec earned his master’s in accounting through the integrated Master in Professional Accounting (iMPA) program at Texas McCombs. He lives in Dallas, Texas and has experience in both public accounting and management consulting. Alec’s strengths include developing 3-5 year strategies, leading high-performing teams, standing up transformation offices, and driving effective implementation of cross-functional projects.

 

Austin Hayes  |  MPA ’23
Current Student

Austin is a Texas native and is currently finishing his degree in the integrated Master in Professional Accounting (iMPA) program. While in the program, he pursued the taxation track and completed an internship with Deloitte. Austin is now looking forward to rejoining Deloitte after graduation!

 

Peek into the Classroom: Financial Statement Analysis

As a student in the MPA program, you can take many interesting and challenging classes that will help prepare you for a successful future in accounting. One such class is Financial Statement Analysis taught by Dr. Patrick Badolato. This case-based course is unique in that it moves away from mechanical calculations and towards critical thinking by using an array of financial information to understand past performance and form predictions for the future. It involves interdisciplinary discussions that dig into the “why” behind the data. In class, students holistically use ratios, financial statements, footnotes, and other information to tackle perspectives such as: What business reasons and strategies drive performance?

This class provides a lifetime of value for students in the MPA program and highlights the many ways accounting is valuable in the business world. Learn more about Financial Statement Analysis from Professor Badolato and an MPA student in this video!

Want to learn more about Professor Badolato, the classes he teaches, and why he loves accounting? Watch the video below!

Does this class sound interesting to you? If you are exploring a future in accounting and want to know more about how the MPA program can help you reach your career goals, attend an info session or meet with admissions.

Peek into the Classroom: Corporate Tax

As a student in the MPA program, you can take many interesting and challenging classes that will help prepare you for a successful future in accounting. One such class is Corporate Tax. A fundamental aspect of all financial transactions is the tax cost of the transaction. Understanding how businesses and individuals are taxed is crucial for accounting professionals. Corporate Tax, focusing on the taxation of C corporations and their shareholders, is taught by Professor Donna Johnston-Blair, an MPA student favorite.

In Corporate Tax, students learn about the life cycle of a corporation from a tax perspective. The class starts with the tax consequences of incorporation. The next step in a C corp’s tax life cycle is the calculation of a corporation’s taxable income (students even practice preparing a corporate tax return). Professor Johnston-Blair also explores various strategies that C corps and their shareholders can employ to minimize their tax burden, including deferring income, accelerating deductions, and taking advantage of tax credits.

In the second part of the course, the focus shifts to the tax consequences of corporate distributions and then, the corporation’s end (aka, liquidation). These transactions create unique tax consequences for a corporate shareholders. Understanding these consequences can set an accounting professional apart from their peers.

While learning the corporate tax rules, students also explore ethical and professional issues that arise for tax professionals related to tax evasion, tax avoidance and tax fraud.

“Donna brings everything I learned in tax together. She’s always available inside and outside the class and provides thorough explanations and constructive advice. She is the most charming and lively professor I can ever ask for! My MPA experience would not be the same without her!”
– Letitia Wu, MPA Student

Corporate Tax provides MPA student with a comprehensive understanding of taxation of C corps. Professor Johnston-Blair encourages class discussion and incorporates real-life examples to help students understand both the complexities and the nuances of C corp taxation.

Taxation of Entities 1 Class

Taxation of Entities 1 Professor Johnston-Blair in action!

Does this class sound interesting to you? If you are exploring a future in accounting and want to know more about how the MPA program can help you reach your career goals, attend an info session or meet with admissions.

REGISTER: Meet Texas McCombs MPA Faculty

Want to hear from faculty who teach in the Master in Professional Accounting (MPA) program at Texas McCombs? Join us on Wednesday, March 22 from 5:00 – 6:00 p.m. CT as distinguished faculty discuss the program’s curriculum, what you’ll learn in the classes they teach, and how earning an MPA degree from UT Austin will set you up for success in the workforce.

Register Now!

Meet the panelists:

braden

Braden Williams
Associate Professor of Accounting

Braden Williams is an Associate Professor of Accounting in the McCombs School of Business. His research examines the way that firms respond to tax incentives and tax enforcement—frequently in a multijurisdictional setting—and has been published in top accounting journals. He has taught introductory and corporate tax classes to students in the BBA & MPA programs.

 

Lisa Lisa Koonce
Professor of Accounting

Lisa Koonce, Deloitte and Touche Endowed Chair in Accounting, has earned a number of awards and has been consistently elected to the McCombs MBA Program Faculty Honor Roll since 2000. Her research and teaching interests include the judgment and decision making implications of financial reporting. Dr. Koonce’s teaching interests are financial accounting and judgment and decision making in accounting.

 

SaraSara Toynbee
Associate Professor of Accounting

Sara Toynbee’s research examines how recognition, measurement, and disclosure issues in financial accounting influence the usefulness of financial reports. She also has research that examines the determinants and consequences of the matching process in the executive labor market.

 

zachZach Kowaleski
Associate Professor of Accounting

Zach Kowaleski studies the effect of the institutional setting on behavior using the audit and broker-dealer settings. His work has been published in numerous accounting journals. Zach teaches Auditing and Assurance Services. Zach was formerly an Economic Research Fellow at the Public Company Accounting Oversight Board and worked 4years in PwC’s audit practice.

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.

Highlights: Accounting++ Real Estate

An accounting degree can open doors to exciting and lucrative careers in many industries, including real estate. While accounting may not typically be associated with the real-estate industry, there are several ways in which an accounting degree can be used in this field (as well as many other non-traditional fields).

This spring, the Texas McCombs MPA Program is 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 most recent panel, comprised of McCombs alums and industry experts, focused on accounting careers in real estate. Learn more about them at the end of this blog!

The panelists shared how accounting knowledge has helped them understand the language of business and contributed to their careers. Here are some of the key takeaways:

  • Real estate is not limited to buying and selling single-family homes. It’s a dynamic and ever-growing industry that is based on making decisions with financial implications. An accounting background is exceedingly helpful in this context. In real estate, a main priority is to generate a return for investors, whether from the purchase, sale, or management of large multi-unit properties, commercial property, or land. As a result, a thorough understanding of financial analysis and accounting principles can be invaluable in this industry.
  • Real estate investments require careful and thorough financial analysis and projections to determine the potential return on investment (ROI). An MPA provides the skills and knowledge necessary to perform such analysis and to disseminate this information to interested parties.
  • Real estate investors need to be able to analyze and determine the value of properties/investments. Such valuations are based on location, condition, size, and market trends. An MPA equips you with the skills to analyze and interpret financial data to make informed decisions about real estate investments.
  • Accounting principles are essential in managing the finances of a property, including rent collection, property maintenance, and tax reporting. An MPA provides a strong foundation for good property management.
  • Real estate transactions can be complicated, and tax is a critical aspect of such deals. An MPA will ensure you are well-versed in such regulation. You can use your tax knowledge to assist clients in achieving tax efficiency and maximizing their returns on real estate investments.
Panelists speaking at the Accounting ++ Real Estate

The Accounting ++ Real Estate panel

Having an MPA is an asset in many careers, including the real estate industry. The Texas McCombs MPA program can prepare you for an exciting career in many different industries. The McCombs School of Business is consistently ranked among the top business schools in the United States!

To learn more about how you can apply your accounting knowledge in different fields, register for our next Accounting++ series event Accounting++ ?

To learn more about how the MPA program can help you reach your career goals, attend an info session or meet with admissions.

Our panelists:

LaurenLauren Hiller
Senior Manager, KPMG

KPMG is a professional services firm that operates in 143 countries and territories, and in FY22, collectively employed more than 265,000 partners and people, serving the needs of business, governments, public-sector agencies, not-for-profits and through KPMG firms’ audit and assurance practices, the capital markets.

 

mattMatt Stevenson
Senior Director, Development, Greystar

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. The company’s business model is unique in its ability to own, operate, and develop multifamily, student, and senior housing across the globe.

 

KristenKristen Maris
VP, Asset Management, Fairfield Residential

Fairfield Residential is a leader in high-end living experiences. They manage 42,700 units nationwide across luxury new construction and renovated apartment homes in urban and suburban infill neighborhoods and tax credit affordable housing properties.

 

PaulPaul Kudirka
Director, Affordable Housing, Fairfield Residential

Fairfield Residential is a leader in high-end living experiences. They manage 42,700 units nationwide across luxury new construction and renovated apartment homes in urban and suburban infill neighborhoods and tax credit affordable housing properties.

 

REGISTER: Meet Current MPA Students and Alumni

Join us on Thursday, February 16 from 5:00 – 6:00 p.m. CT for the Master in Professional Accounting (MPA) Current Student and Alumni Panel. You’ll meet people who have experienced the MPA program first-hand and hear about their time in the program, why they chose to study accounting, and their career opportunities. Plus, you’ll get the chance to ask the students and alumni questions.

Register Now!

Meet the panelists:

Angie

Angie Jin, MPA ’05
Senior Director, Internal Audit at TIAA

Angie earned her master’s in accounting through the integrated Master in Professional Accounting (iMPA) program at Texas McCombs. While in the MPA program, Angie was also able to earn her internal auditor certification by incorporating it into her curriculum, and she has since continued to attain additional certifications. She is now the Senior Director of Internal Audit at the Teachers Insurance and Annuity   Association of America in Dallas, Texas.

 

ArmaniArmani Sampat, MPA ’23
Current Student

Armani is currently in the traditional Master in Professional Accounting (tMPA) program. After earning her undergraduate degree in accounting from Ithaca College, she chose to attend the MPA program to develop a deeper knowledge of taxation. Armani is also a MPA ambassador and is open to connecting with prospective students as they consider attending McCombs.

 

JohnJohn Howard III, MPA ’19 
Senior Associate, Embark

John earned his undergraduate degree in accounting/finance from the University of Arkansas and earned his MPA at UT Austin. After graduating, he began his career at Deloitte in audit assurance before moving into the industry sector. John is a Senior Associate at Embark, where he continues to help companies grow and operate more effectively.

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!

Visit the Texas McCombs MPA Program…In Person or Virtually!

If you’re interested in exploring the Texas McCombs MPA program and would like to visit us here in Austin or from afar, we have several options for you!

In Person Visits

Would you prefer to see the UT campus first-hand? Submit our in-person visit form at least two weeks in advance, and we will customize a visit schedule based on your preferences.  Meet with MPA admissions, academic and career staff, take a tour of McCombs with a current student, walk around the Forty Acres, and more!

Virtual Visits

Are you unable to visit Austin in person? View a virtual tour of Texas McCombs and take a virtual stroll around the University of Texas at Austin to see what makes us a premiere destination. Reach out to an admissions ambassador to set up a Zoom call or attend a virtual panel to learn more about the student experience.

Learn more about the McCombs School of Business, Master in Professional Accounting program, and living in Austin by visiting our website.

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