<p>Still going for my accounting degree at the moment, but just want to know the differences, pros vs cons, salary-wise, promotion-wise, etc.</p>
<p>I know they're both equally qualified for the 150-credit requirement for CPA, at least in my school. So I'm not so worried about that as the main reason for me going into MS is to get that 150 credits.</p>
<p>Other than that, feel free to give me some insights and advice! Thank you!</p>
<p>The pros and cons are going to depend on the schools and programs you apply to.</p>
<p>If you’re interested in career in tax, an MS in taxation will teach you about the tax code in much greater detail. If you’re not interested in tax, or you’re uncertain what you want to specialize in, an MS in accounting is much more versatile. Accountants who start working in tax are more likely to work in tax for their entire careers than accountants who start working in other areas. </p>
<p>Both degree programs will qualify you for the same entry level jobs. Starting salaries in tax tend to be slightly higher than other fields of accounting (regardless of degree type). Neither degree will position you better for promotions.</p>
<p>Which one prepares you more for the CPA exam?</p>
<p>CPA exam doesn’t require graduate-level knowledge. </p>
<p>FWIW, I’m unaware of any state where the 150-hour rule requires a Master’s. It may make more sense to get 30 extra undergrad hours (through summer school or overloads).</p>
<p>Well no but I’m saying if I were to get an extra 30 credits, might as well just do Master’s right?</p>