MAcc FAQ at Rice Business in Houston, Texas

 

FAQs for Rice Undergraduate Students

FAQs for Non-Rice Students

 

FAQs for Rice Undergraduate Students

Qualifications

No! The program is designed for non-accounting majors and all Rice undergraduate majors are eligible. 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. We embrace students who are from varied academic backgrounds and who possess the ability to synthesize ideas across disparate disciplinary areas.

Yes, before applying to the MAcc program, you must have completed Rice’s BUSI 305: Financial Accounting.

No, current Rice undergraduates are welcome to apply as early as the summer before your junior year. Before applying, however, you must have completed BUSI 305: Financial Accounting.

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

  • BUSI 405: Issues in Financial Reporting I
  • BUSI 440: Auditing

BUSI 405 is offered in spring semesters and BUSI 440 is offered in fall semesters. You must complete BUSI 305 before taking BUSI 405 or BUSI 440. Note that you do not have to have completed BUSI 405 and BUSI 440 to apply to the MAcc.

Some students may be unable to complete one or both of these courses prior to completing their bachelor's degree. When this is the case, you can be conditionally accepted to the program, but you must agree to satisfy the accounting prerequisites by taking a focused, 3-week equivalent the course(s) on campus during the Summer Session I that precedes the fall start of the MAcc program.

Yes. 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:

Note that Rice’s business minor curriculum satisfies the needed 15 credits of “related business.” Therefore, pursuing the business minor is a good idea for many MAcc-bound students.

Rice students who are not minoring in business can use our interactive tool to determine their progress toward meeting the 15 credit related-business requirement. Contact Prof. Ben Lansford, MAcc program director, with any questions regarding the “related-business” requirement.

No, we waive the standardize test requirement for Rice undergraduates and alumni.

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 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.

Yes, we welcome applications from those who are able to complete their Rice undergraduate degree on an accelerated basis. Due to having brought in a substantial number of AP credits/transfer credits, several of our MAcc graduates have earned their MAcc degree in their fourth year at Rice, which enabled them to enter the workforce earlier.

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 to 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 2017-2018 MAcc program will be $51,500. 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 during Rice's Summer Session I, which runs from mid-May to early June. 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 invite current Rice undergraduates who have completed the course BUSI 305-Financial Accounting to apply. Rice sophomores, juniors and seniors interested in the MAcc are encouraged to apply immediately to receive a prompt conditional admittance decision.

Knowing whether you have been conditionally admitted will greatly assist you in choosing courses for the rest of your undergraduate studies. Conditional admits will be given a list of courses to complete as part of their undergraduate studies. If you are currently a Rice student who is potentially interested in the program, you are encouraged to contact Prof. Ben Lansford, the MAcc program director. Prof. Lansford will discuss the program with you prior to applying and assist you in mapping out the coursework for your remaining semesters. Rice alumni are welcome to apply as early as 18 months before their desired start of the MAcc.  

Rice alumni are welcome to apply as early as 18 months before your desired start of the MAcc. 

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

The $40 application fee is waived for Rice undergraduates and alumni.

As a Rice student, as soon as you have completed BUSI 305, you are eligible to apply to the program for a prompt conditional admission.

Admissions decisions are performed in three rounds. We encourage you to apply as early as possible.

Decision Round Application Deadline Decision Date
Round 1 Thursday, October 05, 2017 by Friday, December 15, 2017
Round 2 Friday, January 05, 2018 by Friday, March 30, 2018
Round 3 Thursday, April 05, 2018 by Thursday, May 10, 2018

Applicants who are Rice undergraduates or alumni are required to submit:

  1. A completed online application, which includes
    1. three personal essays
    2. your professional résumé

     

  2. One confidential evaluation, submitted directly to us

We do not require a GMAT or GRE test score from applicants who are Rice undergraduates or alumni.

You do not need to submit your Rice academic transcripts; we will pull your Rice transcript ourselves. You only need to submit transcripts from any other institution you attended whose credits were transferred to Rice. It is not necessary to submit transcripts from summer coursework or study abroad if those courses were not required for your degree, they total fewer than 9 credit hours and completion of those courses is already reflected on your Rice transcript.

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

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.

Select one person 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. Rice students often select their BUSI 305 professor. If you feel it is necessary, you may submit a second recommendation. Note that 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 address for your referee 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 second 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.

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 in rounds. 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.

Information Specific to International Students

All Rice undergraduate applicants follow the same application process, regardless of whether you are a domestic or an international student. However, please refer to the International Students section under Related Links for important funding information.

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.

Rice undergraduates do not need to submit an English language proficiency test score.

Contact

If your question is not answered above, please email us at maccadmissions@rice.edu.

 

 

FAQs for Non-Rice Students

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

Some students may be unable to complete these courses prior to completing your bachelor's degree. You have two options to fulfill these two accounting prerequisites.

We offer a focused, 3-week pre-term equivalent of these courses on campus during Rice's Summer Session I, which runs mid-May to early June. You can elect to take both or just one of these classes, according to your need, in the summer prior to starting the MAcc program. Note that additional tuition will be charged for the preterm courses.

Alternatively, you may take the direct equivalent of these courses through another institution, subject to the MAcc Admission Committee's approval. Email the syllabi of your prospective direct equivalents of BUSI 405 and BUSI 440 to maccadmissions@rice.edu for an evaluation of direct equivalency.

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 2017-2018 MAcc program is $51,500. 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 2019 (which will begin studies in August 2018 and graduate in May 2019). Admissions decisions are performed in three rounds:

Decision Round Application Deadline Decision Date
Round 1 Thursday, October 5, 2017 by Friday, December 15, 2017
Round 2 Friday, January 5, 2018 by Friday, March 30, 2018
Round 3 Thursday, April 5, 2018 by Thursday, May 10, 2018

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

Admissions decisions are performed in three rounds. We encourage you to apply as early as possible.

Decision Round Application Deadline Decision Date
Round 1 Thursday, October 05, 2017 by Friday, December 15, 2017
Round 2 Friday, January 05, 2018 by Friday, March 30, 2018
Round 3 Thursday, April 05, 2018 by Thursday, May 10, 2018

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 emailed to maccadmissions@rice.edu, or have them mailed 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. Please refer to the International Students section under Related Links for important funding information.

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

Please refer to the International Students section under Related Links for important funding information.

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

If your question is not answered above, please email us at maccadmissions@rice.edu.

 

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