Qualifications

Rice tailored its MAcc program for people who did not major in accounting as undergraduates. Candidates with any non-accounting undergraduate major, including non-business majors, are eligible to apply.

The Rice MAcc trains future leaders in the accounting profession in critical and analytical thinking, objectivity, a global perspective, an ethical mindset, exemplary oral and written communication skills and computing skills. Therefore, we embrace students who are from varied academic backgrounds and who possess the ability to synthesize ideas across disparate disciplinary areas.

(Please note: due to the design of the Rice MAcc, candidates with a bachelor’s degree in accounting are not eligible for admission.)

Yes. We at Rice believe that your non-accounting undergraduate degree will actually make you a better future accountant. That's because your non-accounting undergrad education, combined with the Rice MAcc, will equip you with the cross-cutting, critical thinking skills needed to be a future leader in the business world.

Note that the Rice MAcc does have some accounting and business prerequisite course requirements. See the questions "Are there accounting courses that I have to complete before starting the MAcc program?” and "Are there non-accounting courses that I have to complete before beginning the program?”

Yes, before applying to the MAcc program, you must have completed the direct equivalent of Rice’s introductory financial accounting undergraduate course, BUSI 305: Financial Accounting.

Students should email the syllabus of their prospective equivalent of BUSI 305 to maccadmissions@rice.edu for evaluation of direct equivalency to BUSI 305 prior to submitting their application.

No. You are invited to apply before your bachelor's degree is conferred, but you cannot begin the MAcc until you have completed your bachelor's degree. We begin accepting applications from candidates 18 months before their desired start of the MAcc. Current undergraduates typically are eligible to apply as early as the middle of the spring semester of their junior year.

Yes, in addition to BUSI 305: Financial Accounting (Introduction to Financial Accounting), there are two other accounting prerequisites:

  • BUSI 405: Issues in Financial Reporting I (Intermediate Financial Accounting I)
  • BUSI 440: Auditing

You have two options to fulfill these two accounting prerequisites.

First, you may take the direct equivalent of these courses through another institution. Email the syllabi of your prospective direct equivalents of BUSI 405 and BUSI 440 to maccadmissions@rice.edu for an evaluation of direct equivalency.

Alternatively, some students may be unable to complete these courses prior to beginning the MAcc program. We therefore offer a focused pre-term equivalent of these courses on campus in the summer immediately prior to the start of the MAcc program. Students can elect to take both or just one of these classes, according to their need. Note that additional tuition will be charged for the preterm courses.

Yes. If you are planning to seek CPA licensure through the state of Texas, The Texas State Board of Public Accountancy (TSBPA) requires CPA candidates to have completed 24 credits of related business subjects. Nine of these 24 credits will be taught through the MAcc program (subject to the TSBPA’s final approval), leaving 15 credits that you need to have completed before beginning the MAcc.

Please refer to the TSBPA’s website to determine whether you have fulfilled the “related business” coursework requirement. You may contact Prof. Ben Lansford, the MAcc program director, with questions regarding your progress toward meeting the “related-business” requirement.

A note about the TSBPA’s nine categories of related business subjects: a single academic department at your university may offer courses in more than one subject category. For instance, economics departments in many liberal arts colleges offer not only basic microeconomics and macroeconomics (which belong in the ‘Economics’ subject area), but also courses in: managerial economics and industrial organization (‘Management’); courses in econometrics (‘Statistics and Quantitative Methods’); and financial markets, financial engineering, corporate finance and international finance (‘Finance’).

Download a PDF version of the related business coursework requirements.

Yes, either a GMAT or GRE score is required for consideration for admission. Official score reports must be sent directly from the reporting agency. This means you will need to arrange to have GMAC or ETS send your scores electronically to Rice. (See additional information in the “Application Materials Needed” section below.)

Admissions to the Rice MAcc is competitive. However, because we invite applications from students from varied academic backgrounds, we do not specify a minimum GPA. We likewise have no formally defined minimum GMAT or GRE score requirements. We evaluate applications in their entirety, searching for strengths in all areas.

No, full-time work experience is not necessary. Many students will enter the MAcc program directly after completing their bachelor’s degree.

Program Structure and Cost

The Rice MAcc is a 10-month program. Coursework begins in August and students graduate in May of the following year.

The program is comprised of 36 credit hours. There are four half-semester academic terms (Fall I, Fall II, Spring I and Spring II). Students also take Intensive Learning Module (ILM) courses, which are held between terms and are designed for content that is better delivered in a concentrated seminar format.

No, our MAcc does not have tracks or electives; each academic year, the cohort of MAcc students takes the same classes. The curriculum includes coursework in the core areas of financial accounting, audit, tax, and managerial accounting. Additionally, students will take classes in finance, economics, data analysis, ethics, business law, accounting theory, public policy, and emerging issues in business.

The breadth of the Rice MAcc coursework positions students to pass the CPA exam and enables graduates pursue careers in audit, tax, advisory, consulting and finance.

All students begin the program in the fall semester. It is not possible to begin the program in the spring semester.

No. We offer the Rice MAcc program in a full-time, traditional classroom format.

No. Classes are held during the day, and the rigorous nature of the program does not make it feasible to work simultaneously.

Tuition for the 2016-2017 MAcc program is $49,500. Students will be financially responsible for providing their own room and board.

Students who have not completed the accounting prerequisite courses BUSI 405-Issues in Financial Reporting I and/or BUSI 440-Auditing have the option to take one or both courses in the summer preceding their matriculation in the fall. The tuition cost of each course is $3,000.

Yes, scholarships will be awarded on a competitive basis. Applicants who wish to be considered for a scholarship will submit an additional essay that describes the unique background, talents, experiences, or skills that set them apart from other applicants. Note that requesting consideration for a scholarship award will not affect the Admission Committee’s evaluation of your application for admission to the program.

Application Process and Deadlines

We are now accepting applications from candidates for the MAcc Class of 2017 (which will begin studies in August 2016 and graduate in May 2017). Admissions decisions are performed on a rolling basis.

You will find the online application website at https://apply.business.rice.edu/apply/.

The application deadline is March 31 for entry into the program in August of that same year. Because the Admissions Committee considers applications on a rolling basis, we encourage you to submit your application before the deadline.

The application fee is $40, payable by credit card, check or money order to Rice University. Applications not accompanied by this fee will not be reviewed. You will receive instructions for payment during the online application process. The application fee cannot be waived.

All non-Rice undergraduate applicants are required submit:

  1. A completed online application, which includes
    1. three personal essays
    2. your professional résumé
  2. Your official academic transcripts, submitted directly to us. (See the section “Information Specific to International Students” below for instructions on submitting transcripts from non-U.S. institutions.)
  3. Your official GMAT or GRE test score submitted directly to us
  4. Two confidential evaluations submitted directly to us

 

Yes, you may submit your application before our office has received all of your application materials, but your application will not be evaluated until all materials are received.

We consider applications in their entirety. We seek students who possess strong academic and analytical aptitude, leadership potential and a variety of extracurricular involvement.

All applicants will submit three essays. You may also submit a fourth, optional essay. The essay topics are:

  1. Required – Describe your short-term and long-term career goals, and how the MAcc will help you achieve those goals. Include in your discussion: Where do you see yourself in one, five and 10 years after completing the MAcc, and why are you interested in earning a MAcc degree from Rice? (Maximum 750 words)
  2. Required – Describe an ethical dilemma you have experienced. How did you approach the situation and what course of action did you take? If you could go back in time, how would you do things differently? (Maximum 500 words)
  3. Required – What are you passionate about and why? Do you envision integrating this passion into your professional career? (Maximum 500 words)
  4. Optional – Is there anything that you would like the Admissions Committee to know about you when considering your application? (Maximum 500 words)

You will have the opportunity to upload your résumé as you complete the online application. Your uploaded résumé should be one page in length and in the PDF format. The résumé should highlight your academic, extracurricular and professional achievements.

You must submit transcripts from your degree-granting institutions and from those institutions whose grades were transferred to your degree-granting institution, unless those grades appear on your final transcript. It is not necessary to submit transcripts from summer coursework or study abroad if those classes were not required for your degree, they total fewer than nine credit hours, and completion of those courses is already reflected on your main transcript.

Have your official transcripts mailed directly to:
MAcc Program Admissions
6100 Main St., MS-531
Houston, TX 77005

The GMAT is a standardized test that measures an individual’s verbal, mathematical, and analytical writing skills. These are predictors of an applicant's ability to be successful in a rigorous academic environment. The Graduate Management Admission Council (GMAC) administers the GMAT.

The GRE is an examination used by a wide variety of graduate school programs to assess an individual’s academic potential. The Educational Testing Services (ETS) organization administers the GRE.

Visit www.mba.com for the GMAT and www.ets.org/gre for the GRE to learn more and apply to take either exam.

A GMAT or GRE score is required for all applicants who are not current Rice undergraduate students or recent Rice graduates.

Select two people who, based on their relationship with you, can evaluate your potential to succeed in a rigorous master of accounting program and in your subsequent professional business career. We prefer that at least one of your evaluators be a professor who taught a class you completed. Use your best judgment in selecting evaluators; if you feel it is necessary, you may also include a note in your application explaining your choice. Recommendations should be current and should address your potential as a MAcc candidate. Recommendations from personal friends, relatives, academic advisers or family acquaintances are not appropriate.

All evaluations will be submitted electronically via the application system. You will be asked to provide the email addresses for your referees during the application process. Let your reference writer know that they will be contacted via e-mail to submit their evaluation of you. Please verify that the email addresses you provide are valid and correct. Emails to referees are not sent by the application system until you have submitted your application. Please do not mail or email copies of your evaluations.

Yes, you may opt to submit a third evaluation, if you choose.

Once an application is completed, the admissions committee may request an evaluative interview. Interviews are by invitation only after all materials have been received and initially reviewed. Candidates from outside of Houston can arrange to conduct their interviews via Skype. However, visiting the campus for a face-to-face interview will allow for class visits and a tour of facilities.

Submitted Application Status and Decisions

Yes, an automated email will be sent to you upon your submission of the application.

Once you submit your application, the online application system will be updated automatically to show which materials we have received. Please check your application periodically to see if your application is complete.

The Admissions Committee will review your application after it is complete. Applications are reviewed on a rolling basis. Once a decision has been made, the online application will be updated with your admission status. Please login to your application periodically to check your status.

After an offer of admission has been extended, a non-refundable tuition deposit is due within thirty days or May 15, whichever is earlier, to secure your seat in the program. If the deposit is not paid on time, you forfeit your offer of admission.

Due to the volume of applications we receive each year, the Admissions Committee does not offer feedback on individual applications.

Information Specific to International Students

The Rice MAcc will admit highly qualified international students who demonstrate superior communication and writing skills. The strongest international applicants typically have an undergraduate degree from an English-speaking institution or have worked in an English-speaking country.

International students follow most of the same application procedures as domestic students, with two exceptions.

First, international applicants who did not earn a bachelor’s degree from an English-speaking institution are required to submit an English proficiency exam test score.

Second, we require all non-U.S. transcripts to be evaluated (on a course-by-course basis), translated, and submitted direct to us through one of the three following companies:

You should request that the evaluator send the translated version directly to Rice at:
MAcc Program Admissions
6100 Main St., MS-531
Houston, TX 77005

We require all non-U.S. transcripts to be evaluated (on a course-by-course basis), translated, and submitted direct to us through one of the three following companies:

You should request that the evaluator send the translated version directly to Rice at:
MAcc Program Admissions
6100 Main St., MS-531
Houston, TX 77005

No. However, we cannot assure that graduates who are non-U.S. citizens and F-1 or other temporary visa holders will be eligible to work in the U.S. after graduation.

To be considered for admission, your degree must be equivalent to a U.S. four-year bachelor's degree. If you earned a three-year degree, we require that the degree be evaluated by one of the two recognized credential evaluation services listed below. Your evaluation should include your degree equivalency as well as a course-by-course conversion of marks/grades. You should request that the evaluator send the translated version directly to Rice at:

MAcc Program Admissions
6100 Main St., MS-531
Houston, TX 77005

Note that if you have completed a three-year Bachelor of Commerce (BComm) degree, we also require a Master of Commerce (MComm) degree.

If you have completed an equivalent four-year degree but your GPA is not in the 4.0 GPA format, you must convert it to the 4.0 scale to enter your GPA accurately into the online application. To obtain an English credential translation or evaluation, please contact one of the three following companies:

International applicants who did not earn a bachelor’s degree from an institution where the primary language of instruction was English must submit a valid score report from one of the following:

  1. Test of English as a Foreign Language (TOEFL)
  2. Pearson Test of English Academic (PTE)
  3. International English Language Testing System (IELTS)

All test scores are valid for two years. Please allow at least four weeks for your test results to reach us.

Additional information about each test may be obtained from the following:

TOEFL: www.toefl.org (use Rice University Jones School of Business code 7320)
PTE: www.pearsonpte.com
IELTS: www.ielts.org  

No. International students are required to submit an English proficiency exam score, unless they have already earned their bachelor's degree in the U.S.

We grant waivers only on an infrequent, case-by-case basis. You must have a GMAT test score if you wish to be considered for such a waiver. For more information, please contact Prof. Ben Lansford, the MAcc Program Director.

Contact

Please read through the Frequently Asked Questions to see if your question is answered here. If it is not, please email us at maccadmissions@rice.edu.