<p>So I am planning on starting at U of I for my undergrad in accounting or maybe another business degree. I plan to graduate in 3-3.5 years with the help of my AP credits.</p>
<p>Now then do I go for my Masters in Accounting or go work for 3-4 years and get into a top MBA program? I would be at U of I for undergrad accounting and if I went to the Masters there also. MBA would be a higher program hopefully.</p>
<p>Which would allow me to make more money, have a better career, more doors, etc. I want to start my own business in the future.</p>
<p>Well, if you want to sit for the CPA exam, I would complete the bachelors and then go straight to the Masters in ACCY program to get the 150 for the CPA test. After a few years of working, then go for the MBA. I wouldn't worry about the money and starting your own business in the future just yet. Go through college first and then focus on those.</p>
<p>Don't get two masters, that's a waste of time and money. Find out what your strengths are and pursue Accountancy if you are creative with numbers and MBA if you are better with people and not so great at numbers. One does not necessarily make more than the other. I know accountants in my mid-sized town that charge in excess of $175/hr and MBA's that are unemployed and visa versa. But two Masters is a total waste. Those are so close with so much overlap that I can't imagine it being an exciting two years the second time around.</p>
<p>Two masters is certainly not a waste. They are both means to an end. Do you need the Masters in Accounting to get a good job? If so, then go for it. If not, then don't. If you decide to stay in accounting, you probably won't ever need an MBA. However, if you decide you want a change, then you can go for your MBA at that time. BTW, I don't really think you will see much overlap between a Macc and an MBA. The experience should prove to be far different.</p>
<p>I mean, it all depends on what you want to do. Going for the Macc is like what Vector said, if you want to stay in accounting. Most college students these days are going for the Macc just to earn the extra credit hours to sit for the CPA exam which I'm assuming you're going to do. If you get an internship with an accounting firm during your college career, they can reimburse you for getting your Macc.</p>
<p>Now, after getting your CPA license and Macc, you can work for a Big 4 or any public accounting firm for a few years and then transition to work for a corporation. Once you're there and want to promote yourself within that company, getting an MBA might be necessary. And that company can also reimburse you for doing so.</p>
<p>How do I go about getting reimbursed? That sounds great as I want to try to graduate undergrad in 3 1/2 years and then go to one year of grad. How would I go around securing that reimbursement?</p>
<p>Just make sure you talk to accounting firms and ask them if they give any tuition reimbursement for going through the Macc. But I believe most of them get it IF they did an internship with that firm. I think PricewaterhouseCoopers does it.</p>