The primary objective of the Master of Science in Accountancy program is to provide candidates preparing for professional careers in accounting a greater breadth and depth in accounting education than is possible in a baccalaureate or Master of Business Administration program.
The degree builds upon the broad framework of the undergraduate degree in accounting. Graduate accounting courses emphasize study of current accounting literature, critical thinking, case studies, accounting theory, and written and oral communication. Class sizes are designed to be small to encourage interaction between the professor and each student.
Point of Pride
Over 70% of those receiving advanced degrees from Illinois State University passed the Certified Public Accounting (CPA) exam on their first try in 2017—the highest pass rate in Illinois for large public university accounting programs.
Discover what life as an Illinois State graduate student is like.
University Admission Requirements
A student applying to a master's program must:
- have earned a four-year bachelor's degree or its equivalent from a college or university that is accredited by the appropriate regional accrediting association, or do so within one academic year
- present unofficial transcripts from each college or university other than Illinois State at which graduate, undergraduate, or non-degree credit was earned. The unofficial transcript should be easily readable and clearly indicate degree(s) awarded, courses and course grades for each term. If accepted, official transcripts can be emailed from the university to GraduateAdmissions@IllinoisState.edu or mailed in a sealed envelope to: Illinois State University, Graduate School, 209 Hovey Hall, Campus Box 4040, Normal, IL 61790-4040.
International students can learn more about specific application requirements by visiting the Office of Admissions.
Additional Program Admission Requirements
A student applying to this program must:
- submit an official GMAT score (preferred) or a GRE score if the last 60 hours of undergraduate GPA is below a 3.4 on a 4.0 scale
- have a cumulative GPA of 3.0 on a 4.0 scale for either the last 60 hours of undergraduate coursework
A typical admitted student has a GMAT of at least 500 and GPA of at least 3.0 on a 4.0 scale for the last 60 hours.
International students must submit an official TOEFL score of at least 100 iBT, 250 computer-based, or 600 paper-based or an IELTS score of at least 7.0 band.
Before entering the program, students will normally have had a Bachelor of Science in accountancy degree based upon the study of the Financial Accounting Standards Board's pronouncements, the AICPA’s Statements on Auditing Standards, the Public Company Accounting Oversight Board’s (PCAOB) auditing standards, and the Internal Revenue Code. Otherwise, there may be deficiencies as determined by the department.
- Fall Term — Preferred by March 1 to facilitate fall class registration in late March. Applications will remain open until July 1st, except for special circumstances, but qualified applicants may miss out on funding opportunities such as graduate assistantships and tuition waivers.
- Spring Term — Preferred by October 1 to facilitate spring class registration in late October. Applications will remain open until December 15, except for special circumstances, but qualified applicants may miss out on funding opportunities such as graduate assistantships and tuition waivers.
- Summer Term — Preferred by March 1 to facilitate registration in early March. Applications will remain open until the beginning of classes in May (first session) and late June (second Session), except for special circumstances, but may miss out on funding opportunities such as graduate assistantships and tuition waivers.
The University provides graduate assistantships as a means of financial support. They are intended as a way to facilitate a student's progress to degree while providing important professional development.
To be eligible for an assistantship a student must, generally,
- be admitted unconditionally as a degree-seeking student into a graduate academic program, or have a minimum of 120 undergraduate hours if in an integrated degree program
- be in good-standing
- be enrolled full-time (typically at least 9 credit hours during the fall or spring semesters, or at least 6 hours during the summer session).
Graduate assistants receive
- monthly wages paid in the form of either a stipend or an hourly wage
- a waiver for 100% of tuition during a semester of appointment
- a waiver for up to 12 credit hours of tuition for the summer term immediately following a fall or spring appointment
See Student Accounts for information on tuition and fees. Funding for graduate students is available from several different sources. Students who have been admitted from contiguous states including Iowa, Indiana, Kentucky, Michigan, Missouri, and Wisconsin will receive in-state tuition.