For immediate use: Monday, July 7, 2014
Kenan-Flagler Business School at the University of North Carolina at Chapel Hill plans to offer its top-ranked Master of Accounting (MAC) program in an online format called Accounting@UNC.
“With a long tradition of excellence in accounting education and one of the very best accounting departments in the world, UNC Kenan-Flagler is uniquely positioned to offer the premier online MAC program,” said Douglas A. Shackelford, dean of UNC Kenan-Flagler and the Meade H. Willis Distinguished Professor of Taxation.
“Demand for hiring our MAC graduates has never been stronger, with 98 percent having accepted employment offers by graduation,” he said. “Historically, firms have wanted to hire more of our graduates, but space constraints prevented us from increasing the program’s size. Technology now lets us increase access to a UNC education for even more talented people and meet the demand from companies who want to hire them.”
Many college graduates might not think of earning a graduate degree in accounting, but the field offers diverse opportunities and a career path where human capital is the currency, according to Jana Raedy, associate dean of the MAC Program since 2011 and Ernst & Young Scholar in accounting. “Today an accounting degree is more powerful than ever before. I can’t think of a master’s program that provides higher return on investment for long-term success.”
And it’s not just for accounting or business majors. “History and English majors, please apply. We value liberal arts education and it benefits our graduates’ long-term career success as they move into positions of leadership,” Raedy said.
“The top accounting firms and corporations value our graduates’ intellectual horsepower, technical knowledge and skills in decision making, leadership, critical thinking and communication,” she said. “It’s a powerful combination that gets even stronger with time. We are training the future leaders of the accounting firms and the wider business world.”
The 15-month online program will use the same admissions standards, curriculum, faculty and career management approach as the 12-month residential MAC program, said Amy Wittmayer the new managing director of the MAC Program. “Accounting@UNC includes a three-month internship; a required face-to-face immersion in Chapel Hill for orientation, leadership development and recruitment; and a second, optional immersion coinciding with the recruiting period when employers come to campus.”
Wittmayer previously served as director of the MBA Career Management Center for the full-time MBA Program, where she worked with students, firms and alumni. She also worked as a finance and accounting professional in the corporate sector.
UNC started its MAC Program in 1985. Pending UNC General Administration approval, UNC Kenan-Flagler will launch Accounting@UNC in July 2015.
Accounting@UNC builds on UNC Kenan-Flagler’s success in using technology to enhance learning and access in business education. The school launched its first online degree program, MBA@UNC, in 2011 with 19 students and today 550 students are enrolled in the pioneer program.
As with MBA@UNC, 2U Inc. will serve as the technology partner for Accounting@UNC, providing its platform and support for students and faculty. 2U is a leading provider of cloud-based software-as-a-service solutions for leading nonprofit colleges and universities to deliver high-quality education to qualified students anywhere.
“As a Carolina accounting graduate, a CPA with several years of public accounting experience and a long-time UNC accounting professor, I am proud that 30 years later we are again leading the way and again using technology to increase access to a UNC education,” said Shackelford.
Kenan-Flagler Business School contact: Allison Adams, (919) 962-7235, Allison_Adams@kenan-flagler.unc.edu