The Graduate Master of Accountancy (GMAcc) degree is a two-year graduate degree designed to prepare students with limited or no accounting background for licensure as a certified public accountant. The program is not appropriate for students with an undergraduate degree in accounting (from a U.S. or international school). The degree helps students develop strong technical and professional accounting skills that qualify them to sit for the CPA exam.
Careers as professional accountants in public accounting, financial institutions, government, industry, or nonprofit organizations are possible upon graduation.
About the GMAcc: Taxation
The Master of Accountancy degree allows for a major in taxation and is designed for students preparing for a career in tax. Only students admitted to the IMAcc or GMAcc program are eligible for this major. The taxation program stresses in-depth study of tax law in a variety of areas, including business tax, individual and estate tax planning, multijurisdictional tax issues, and tax administration. The courses for the GMAcc:Taxation degree are closely integrated with law school tax offerings and in many cases, are cross-listed with the law school. In addition, the GMAcc-Taxation degree requires additional courses in auditing, financial reporting theory, or consulting.
The admissions process begins during December each year for the following fall semester’s admission. The next class to apply for admission is the class to start in fall 2015. To apply for the GMAcc class to start in fall 2015, you will have access to complete an online application through our Online Application.
You have from December 1, 2014 through February 15, 2015 to complete and submit your online application. (Only applications started and submitted during this window will be considered.) Do not start or submit applications before this time. All materials that need to be submitted along with the online application (any paper recommendations, paper transcripts, etc.) must be received by our offices no later than March 31, 2015. No paper materials will be accepted after this date.
Recommendations: All applicants are required to have two recommendations completed via the online application system. These recommendations must be completed no later than February 15, 2015 for your consideration for the fall 2015 class.
International Applicants: A Test of English as a Foreign Language is required for applicants whose native language is not English or whose full undergraduate instruction was not in English. Applicants who completed 3 or more years in an institution where the primary mode of instruction was English do not need to complete this requirement and may request a waiver on the application.
Please direct the Educational Testing Service to forward your test results, taken within two years of your intended start term, to the University of Wisconsin-Madison (institution code: 1846). A minimum TOEFL score of 104 is required for consideration of admission into the program.
International Financial Statements are only required of students admitted to the program.
All Applicants: It is not necessary to send official transcripts if you were able to scan and upload your transcripts to the online system. If you are later admitted to the program, you will be asked to send the official transcripts.
The mailing address for supplemental materials is as follows:
Director, Professional Programs in Accounting
Wisconsin School of Business
University of Wisconsin-Madison
4117D Grainger Hall
975 University Avenue
Madison, WI 53706-1323
At present, the application fee is $56 and we are only accepting credit card payments. No checks will be accepted.
Please note that a GMAT score is required to apply. Our GMAT code is 79K-2S-23. We do not share minimum GMAT score requirements. The last day to take the GMAT exam for consideration of your fall 2015 application is February 15, 2015.
GRE scores will NOT be accepted in lieu of a GMAT score.
In advance of the online application becoming available, you can prepare your essay questions.
Download the essay questions
- No more than six type-written pages in total (double spaced; 12 pt. Times New Roman font recommended) for all four required questions.
- Combine your essays in one document and label each question clearly.
- Include your name on the top of each page.
For the GMAcc class starting in fall 2014, we admitted 15 students with an average GMAT score of 650 and undergraduate GPA of 3.5.
Faculty selects the candidates for interviews in late February. An in-person interview is recommended, but telephone interviews may be undertaken where necessary. Admissions decisions will be made in March 2015. For those students who do not satisfy the prerequisite of AIS 100 Introductory Financial Accounting or equivalent (as determined by our faculty), a summer course prior to the start of your fall semester will be available here on campus.
Financial aid is available from the following sources:
- Paid internship (during the summer between the first and second year of the GMAcc program)
- Teaching assistant (TA) appointments or project assistant (PA) appointments in the second year of the GMAcc program (competitive; approximately 50% of all MAcc students received a TA or PA position in the last appointment period—i.e., for the 2014-2015 academic year)
- Scholarships (several GMAcc students that started in fall 2014 received scholarships in the second year of the GMAcc program totaling $20,000, in the range of $1,000–$5,000)
There will be no financial aid available to GMAcc students in the first year of the program. The paid internships yield a salary of approximately $6,000–$8,000. The competitive teaching assistantship and project assistantship appointments waive a semester of tuition (students teach for only one semester) and also pay a stipend of several thousand dollars.
For information on tuition and fees, please click here and you will be linked to the registrar’s website. Use the Business Masters category under Student Career.
All questions should be directed to Kristen Fuhremann, Director, at email@example.com.
The first year of the GMAcc program emphasizes accounting and core business knowledge necessary to work in the accounting profession.
The first year’s curriculum is as follows (24 total credits):
- AIS 340 Accounting Systems (fall)
- AIS 620 Fundamentals of Taxation (fall)
- AIS 701 Intermediate Financial Reporting I (fall)
- AIS 710 Intermediate Managerial Accounting (fall)
- AIS 630 Auditing & Assurance Services (spring)
- AIS 702 Intermediate Financial Reporting II (spring)
- GB 301 Business Law (spring)
- Business Elective (spring)
Students are encouraged to complete a paid internship during the summer
between the first and second year of the program.
The second year of the program is designed to build on the internship experience through in-depth study of accounting issues. The second year’s curriculum is as follows (30 total credits):
A minimum of 4 of the courses listed below:
- AIS 603 Financial Statement Analysis
- AIS 621 Corporate Taxation
- AIS 631 Information Technology, Risk & Assurance Services
- AIS 706 Advanced Financial Reporting
- AIS 770 Seminar in Financial Accounting
- AIS 771 Seminar in Strategic Cost Management
- AIS 765 MAcc Capstone Course
+ Additionally, you must complete a minimum of four and a maximum of six elective graduate courses. The GMAcc program requires a minimum of 54 credits over two years.
The second year also provides students with some flexibility to promote breadth of knowledge across a number of business disciplines.
Program Director: Kristen Fuhremann, firstname.lastname@example.org
Chair of Professional Programs Committee: Professor R.D. Nair, email@example.com