Which MS Degree in Accounting or Taxation Should You Choose for Big Four Firms?

The decision between a Master of Science (MS) in Accounting or a MS in Taxation when aiming to join the prestigious Big Four accounting firms is often a matter of personal inclination and career goals. Both degrees offer unique advantages and opportunities, making them equally suitable depending on your specific interests and the current job market.

An Equal But Personal Choice

Both MS in Accounting and MS in Taxation provide valuable skills and knowledge that are highly sought after in the field of accounting. The Big Four firms offer numerous job opportunities in both departments: Taxation and Auditing. The success of your pursuit ultimately depends on the opportunities available when you have obtained your certification.

It is crucial to reflect on which field aligns more with your interests. If you are more passionate about taxation, pursuing a MS in Taxation is likely to be a better fit for your career aspirations. Conversely, if auditing or financial reporting aligns more closely with your professional goals, an MS in Accounting might be the way to go. While taxation courses might be more in-depth in a specialized program, an MS in Accounting does include relevant taxation subjects, albeit not as comprehensive as a dedicated MS in Taxation.

The Path to the CPA Exam

To be eligible for employment with the Big Four firms, aspiring accountants often require a master's degree, which provides the necessary advanced training and certification. Even if you complete a basic accounting degree without the additional courses required for the Certified Public Accountant (CPA) exam, earning a MS in Taxation is still highly advisable. The Big Four firms often have their own training programs for tax specialists, which means that specialized tax expertise might not be a decisive factor in landing a position at these firms.

However, mastering a MS in Taxation can open up a wide range of other job opportunities outside the Big Four. Employment in government agencies, tax consulting firms, and non-profit organizations are just a few examples of career paths where a specialized tax background can be particularly advantageous. Additionally, acquiring a MS in Taxation ensures a strong foundation in tax laws, regulations, and strategies, which are essential for many job roles.

Final Thoughts

Both the MS in Accounting and the MS in Taxation are excellent choices for students aiming to join the Big Four accounting firms or pursue careers in the wider accounting sphere. The decision should be based on personal preference and career goals. A MS in Taxation offers specialization in a specific area but does not preclude opportunities in other fields. Ultimately, completing a master's degree, whether in Accounting or Taxation, significantly enhances your candidacy for employment in the accounting sector, including roles at the Big Four firms.