Accounting Education: UT Retains Top Ranking

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In its annual ranking of accounting programs, Public Accounting Report has given No. 1 status to The University of Texas at Austin's McCombs School of Business.

It's the university's 11th No. 1 ranking by Public Accounting Report, according to a survey of accounting professors and college department heads. “It's all about the faculty,” said Ross Jennings, who leads the winning “accounting team” at the University of Texas. “We are currently trying to steal top talent from Duke University and the University of Arizona, but I can't tell you who,” he told the Austin American-Statesman.

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Brigham Young University's undergraduate and graduate programs are ranked second in the nation, the Associated Press reported. Nos. 3, 4 and 5 are University of Notre Dame, University of Southern California and University of Illinois, respectively.

The top master's-level programs are University of Texas, Brigham Young University, University of Illinois, University of Notre Dame and University of Southern California.

In other education news, Wisconsin business leaders are hoping to prepare tomorrow's accounting professionals by starting in high school. They are pushing for more stringent math and science requirements for high school students to get them ready for the technical jobs of the future, the Wisconsin State Journal reported.

Also, students looking for educational options outside the traditional classroom environment are finding more options than ever.

For example, starting in January, Capella University will offer accounting specializations in its MBA online degree program, which can be completed in two years, and undergraduate business program.

"We offer those interested or already involved in the accounting profession practical skills that are immediately applicable to the workplace, as well as in-depth analysis of the principles of accounting," said Paul Schroeder, senior vice president at Capella.

Capella cites Department of Labor's Bureau of Labor Statistics figures that say employment opportunities for accountants and auditors will grow by 19.5 percent by 2012.

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