MAcc Valuation FAQs

Program Information

Do you offer a part-time MAcc Valuation program?

 No, the MAcc Valuation program is designed to be a full-time, one-year intensive program with a structured curriculum and partner firm recruitment process.

When do students matriculate each year?

Classes and orientation begin in late July and are required for all students. The MAcc Valuation program has a structured curriculum and partner firm recruitment process as you can see by viewing our academic and recruiting calendar here.

Do you accept applications for spring entry into the MAcc Valuation program?

No.  We accept applications for fall entrance only.

Will I be CPA License eligible if I complete the Vanderbilt MAcc Valuaton program?

 We work closely with NASBA, CPAES and the Tennessee State Board to ensure that our program meets the educational requirements for licensure in the state of Tennessee.

Does the MAcc Valuation program offer a CPA prep course?

Vanderbilt MAcc Valuation students will prepare and sit for the CPA exam using the Becker CPA Review Course. The Vanderbilt MAcc program has partnered with Becker and students take classes on campus between graduation and the start of full-time employment. Standard industry practice is for new, incoming Associates to start work full-time in September. It is expected that students will sit for the CPA exam concurrent with the Becker course.

Will I take the CFA exam during the program?

The CFA exam is in three levels.  Students in our program will study for Level 1 in the fall semester and take the Level 1 exam the first Saturday of December. 

Does the MAcc Valuation program offer a CFA prep course?

 

Our program includes live CFA prep sessions.  The sessions take place during the academic year and is based on the Schweser CFA review material.  We provide an instructor to answer your questions about the exam and to coach you while working  through practice problems.



Admissions Criteria

Do you admit international students?

We have admitted international students with very strong English language skills who have lived or studied in the U.S. We require all our students to have very strong communication skills and have the ability to work in a team environment with a variety of people. Therefore we will intensely evaluate you on these skill sets during the application process.

What are your prerequisities? Do I have to have them completed before I apply?

Entering MAcc Valuation students need to have demonstrated strong academic performance in prior university studies, with significant, proven quantitative experience and aptitude.

Students must have completed the following courses from an accredited school, with a grade of 'B' or better.  Many students are admitted to the program before this requirement is met. Any additional prerequisite requirements will be determined on an individual basis, as some students may need to develop core competencies prior to the start of the program.
- financial accounting

- managerial accounting

- statistics

- corporate finance

- microeconomics and macroeconomics

- intermediate courses in statistics and microeconomics

- Calculus 1 and Calculus 2

Does a particular background give me any advantage in the admissions process?

No. We seek students from a wide variety of backgrounds. Diversity in all forms—academic, professional, cultural, ethnic, gender, geographic, socioeconomic and so on—is an important component of the Vanderbilt MAcc Valuation  experience. In terms of academic background, we encourage students from diverse disciplines to apply. We do look for students with strong quantitative skills and require several prerequisites that lend themselves to majors in business, finance, accounting economics or math. However, we do not require that you have a certain major as long as you are able to complete the prerequisites prior to matriculating our program.

Do you require any full-time experience? If I have full-time work experience, can I still apply?

While the majority of our students apply for the Vanderbilt MAcc Valuation program directly out of an undergraduate program, we do welcome applicants that have between one to three years of full-time work experience. When we evaluate your application, we consider all full-time work, military experience, part-time work, internships, co-op assignments, summer jobs, volunteer work and campus involvement/leadership.

Does the Vanderbilt MAcc Valuation program accept transfer students or transfer credits?

 No. Most top business schools do not accept transfer students or transfer credits.

How to Apply

How may I pay the application fee?

 You will be asked to pay the application fee by credit card when submitting your online application.

How soon can I check the status of my application?

We will update your status in real time as supplemental items are received and your application is processed. You can check your status by accessing the checklist on your "MyOwen Page." We occasionally send email reminders about any missing items needed to complete your file. Please allow sufficient time for the delivery and processing of all materials before checking your "MyOwen Page" or contacting our office. If you are unable to access your account, please access technical support by clicking "Tech Support." If you require a personal response, please email us. We will do our best to communicate with you promptly and accurately. We appreciate your patience and understanding.

What is the process for reapplying?

You must submit an entirely new application. However, we can match previously submitted supplemental materials such as official test scores, transcripts and recommendations to your new application. We also ask that you provide an additional statement in the Optional essay area describing your personal and professional activities since the original date of application and explaining why you are now a stronger candidate for admission.

If I am admitted this year, may I defer my enrollment until next year?

Generally, no—we do not offer deferred enrollment. In exceptional situations beyond the candidate's control, the Admissions Committee may offer a deferral. One exception is that all deferral requests for U.S. military personnel will be approved. Otherwise, candidates must decline an offer of admission and reactivate the application for admission and financial aid consideration the following year.

Is there any advantage to applying in an earlier application round?

We seek outstanding candidates regardless of the application round and operate on a rolling admission basis throughout the year after the first decision deadline. However, space and scholarships are limited, so it is wise to apply as early as possible. Also, applying earlier means that you will receive an admission decision earlier, leaving you more time to plan your transition to the Vanderbilt MAcc Valuation program.

When are admissions decisions made?

In general, we will notify you of the admission decision within six to eight weeks of the application deadline for the round in which you applied and no later than the posted decision deadline.

Transcripts and Test Scores

If my GMAT or GPA is significantly below the average of the Vanderbilt MAcc Valuation program, should I still apply?

Although the GMAT and GPA are important indicators of your academic ability, they are not the only factors we consider. Your overall academic record, the quality of your undergraduate institution, the difficulty of your course of studies and the consistency of your performance are also good indicators of your potential for success in the MAcc Valuation program. Candidates who are weak in one area of the application may balance that with strengths in other areas. We may ask you to retake the GMAT or GRE if we feel that you are a strong candidate in other areas. Please note that the GMAT and GRE testing service providers require you to wait a month in between exams.

Do you need a new transcript sent to you if I will be graduating from college this year?

If you are admitted to the program and choose to attend, we will require you to send us an updated transcript after you graduate.

I submitted my application before I took the GMAT or GRE. I scored lower than I thought I would and plan to retake the GMAT or GRE. Will the Admissions Committee hold my application until my new scores are available?

Yes, if you ask us to do so. Please note that the GMAT and GRE testing service providers require you to wait a month in between exams.

Where should I send my supplemental materials (transcripts and other hard copy materials)?

Center for Data Management-OWEN
Vanderbilt University
PMB 407833, 2301 Vanderbilt Place
Nashville, TN 37240-7833

Does the Vanderbilt MAcc Valuation program require the GMAT?

We require either the GMAT or the GRE.

Can I take the GMAT, GRE, TOEFL or IELTS more than once?

Yes. If you submit different test results, we will consider and report your best overall performance based on your highest total score. If your scores are below average, we strongly recommend that you retake the test to increase your chances of admission. Please note that the GMAT and GRE testing service providers require you to wait a month in between exams.

I haven't taken the GMAT or GRE yet. Can I still apply?

 Yes, we will accept and review applications prior to taking the exam.

Is there a way for international students to waive the TOEFL or IELTS?

You may contact our office to request a TOEFL waiver if you (1) have earned an undergraduate degree in a country where the official language is English (not just an English-speaking institution or just a country where English is spoken), or (2) have lived and worked in an English-speaking country for the past two or more years.

What is Vanderbilt's school code for test score reports?

Our institution code is 1871 for the GRE, IELTS and TOEFL. You must also specify department code 02 for your TOEFL scores to reach us. The GMAT testing center does not require a school code. You will only be asked to provide the school name to the GMAT testing center.

If I take the GMAT more than one, do you consider the highest score or do you average the scores?

We will only utilize the highest score when making an admissions decision. Please note that the GMAT and GRE testing service providers require you to wait a month in between exams.

When should I submit my official transcripts and test scores?

1. Take the GMAT or GRE (GMAT is preferred) and TOEFL, PTE Academic or IELTS, if required, before submitting your application so that you can include your scores in the application. If you have already taken your required tests and sent your score reports to Vanderbilt, your scores will automatically be verified by Vanderbilt. Verified score reports are required to complete your application.
Please send all score reports to:
Center for Data Management - OWEN
Vanderbilt University
PMB 4078332301 Vanderbilt Place
Nashville, TN 37240-7833    

2. You will be required to upload a copy of your transcript from every college or university you attended. Only if you are offered and accept our offer of admission, will you be required to mail official transcripts from each institution.
Please send all official transcripts to:
Center for Data Management - OWEN
Vanderbilt University
PMB 4078332301 Vanderbilt Place
Nashville, TN 37240-7833

Essays and Recommendations

Can I submit more than two letters of recommendation?

Yes.

How do I choose my recommenders?

You should submit two recommendations from professors or supervisors familiar with your work. If you are unable to disclose your plans to a current supervisor, you should provide an explanation in an additional statement and request a former supervisor to complete a recommendation. Applicants with little or no full-time work experience should obtain recommendations from professors or supervisors of part-time work and internships.

Tuition and Beyond

What is the cost of a Vanderbilt MAcc Valuation education?

Click here for the current estimated total cost of education for a single student during the nine-month academic year.

What are the health care costs and requirements for spouses and/or dependents?

Health insurance is required for all students. Students are billed automatically for the university’s student health insurance plan if they do not provide proof of adequate coverage by another insurer prior to enrollment. The automatic coverage does not account for spouses or dependents and students may be subject to additional health care costs for spouses and dependents. The policy costs are typically updated and published in May for the coming academic year. Learn more

Does Vanderbilt have a computer requirement?

Yes. Students are encouraged to participate in the laptop program offered by the Owen Technology Productivity Services group. The systems are offered at a significant discount and come with complete on-site support. While both Mac and Windows PC are viable options for use during school upon graduation most firms will issue a PC for office use. Thus, learning on a PC may help you succeed professionally. You may bring your own computer and if it meets the minimum specifications, a best effort will be made to help with any technology issues once the needs of the students participating in the laptop program have been met.

Is it possible for MAcc Valuation students to live in university housing on campus?

No. On-campus housing is limited to undergraduate students. For more information, please visit Vanderbilt University’s off-campus referral service. Students who live close to Vanderbilt generally walk or bike to campus. There are restaurants and shops in the West End and Hillsboro Village areas and also within walking distance of campus. If you choose to live farther from campus, having a car would be required. Most students have cars, but this is a personal decision.

Will I be able to obtain a parking pass? How much does a pass cost?

Students can purchase parking passes at the Office of Traffic and Parking in Wesley Place Garage, across the street from Owen on Scarritt Place. Click here for cost and other information about Traffic and Parking at Vanderbilt. Most Owen students choose to purchase a Zone 2 general permit, which allows them to park in any unreserved Zone 2 parking space. There are surface lots and two parking garages in the immediate area of the Owen building.

Scholarships

How do I apply for scholarships? What are the selection criteria?

All admitted applicants are automatically considered for the merit-based scholarships awarded by Owen. A separate application is not required for scholarship consideration. Selection criteria are based on many of the same factors evaluated for an admission decision: academic performance, GMAT or GRE scores, leadership potential and personal characteristics demonstrated through the essays, interviews and recommendations. Scholarship decisions are communicated in conjunction with admissions decisions.

How much are scholarships worth?

The merit-based scholarships typically cover a small portion of the overall tuition costs. They generally range from $5,000 to $15,000 total and are quite competitive.

Loans

When and how do I start the financial aid process?

The financial process begins by completing the online Free Applicaion for Federal Student Aid (FAFSA). Visit Vanderbilt University's financial aid website for details.

Are there loans available for international students?

International students do not qualify for federally funded loan programs unless they are permanent residents of the U.S. However, an international student may apply for a private alternative source of funding, but a U.S. citizen or permanent resident is required as a co-borrower.

Who can apply for financial aid?

In order to qualify for federal financial aid, you must be a U.S. citizen or permanent resident. Federal financial aid includes the Federal Direct Stafford Loan Program. International students can apply for private alternative educational loans only with the assistance of a U.S. citizen or permanent resident as a co-signer.

How do I apply for financial aid?

In order to qualify for the Federal Direct Stafford Loan Program, you must complete the Free Application for Federal Student Aid, or FAFSA. Vanderbilt MAcc students will complete this form online at www.fafsa.ed.gov. The Title IV code for Vanderbilt is 003535. Financial Aid is always determined by the federal income tax information filed for the previous year.  Therefore, completing your federal income tax return first is recommended.

How do I contact the financial aid office?

Contact the Office of Student Financial Aid, Vanderbilt University, 2309 West End Avenue, Nashville, TN 37203-1725 or finaid@vanderbilt.edu; telephone 615.322.3591or 800.288.0204; or fax 615.343.8512. General office hours are Monday through Friday from 8:00 a.m. to 5:00 p.m. CST.

What is the financial aid timeline?

Filing of the Free Application for Federal Student Aid (FAFSA) is the first step in applying for federal financial aid. The FAFSA may be completed as early as February.  You will receive a Student Aid Report (SAR) for your verification. Financial aid awards will be determined based on the information supplied on the FAFSA. A financial aid package will be calculated including any Vanderbilt MAcc scholarships, Federal Direct Stafford Loans and Federal Direct Graduate Plus Loan to meet the cost of education or academic budget for the year.

How can I find detailed information regarding students loans?

You can view the Department of Education’s website for complete information regarding student loans. www.studentloans.gov

Are graduate assistantships available?

We do not offer research or teaching assistantships in the MAcc Valuation program. Since our program is only one year long and includes the opportunity for an internship and studying/sitting for the CFA and CPA exams, the program is very intense and you would not have enough time to devote to working during the program.

Deadlines and Interview Events

What if I just wanted to visit campus/meet a member of the MAcc programs staff??

 You may schedule an informal visit with us by sending us an email.

Can I attend one of these events or do I have to receive an invitation?

 The campus interview events are by invitation only for the MAcc Valuation program.

What if I don't respond to my offer in time or I don't satisfy the conditions of my admission?

The Admissions Committee reserves the right to rescind any offers of admission or financial aid from candidates who have not responded by the specified deadline date and from candidates who have not completed the prerequisites required as a condition of their admission.

How much is the application fee?

 The fee is $50 for each new application or reapplication for the Vanderbilt MAcc Valuation program.

Will you waive the application fee? What if I am financially disadvantaged? What if I was admitted last year but chose not to enroll?

Vanderbilt waives the application fee only in exceptional circumstances. Please provide the Admissions Office with a written explanation of your request for a fee waiver by emailing us. Candidates who demonstrate substantial financial hardship may be granted a fee waiver. Applicants who reapply are required to pay another $50 fee to cover the costs of application processing and communication.

What is the Vanderbilt MAcc Valuation program's policy on interviews?

The Vanderbilt MAcc Valuation program has two rounds of interviews. We only offer interviews to a select group of applicants due to demand. The first round interview is conducted by the program director and will be either in person, video call, or on the phone, depending on where the applicant is located. After the first round interview, selected applicants will be invited to join us in Nashville for a second round interview and campus visit during one of our campus interview events.

How important is the interview?

The interview is an important component of the application and provides you an opportunity to share your story. Through the interview, we hope to hear more examples of the types of experiences you have had in both your personal and your professional life, and to get a sense of your demonstrated record of achievement, your interpersonal and communication skills and your focus—why are you interested in the program? During the campus interview event, we are looking at your fit with the program and the profession.

Do I have to come to Nashville for my interview?

No, not for the first round interview. We recognize that it's not possible for everyone to travel to campus, especially in the middle of the week or from far away. We will conduct your interview by phone or video call once your application has been submitted and reviewed and only after you have received an invitation to schedule a interview.

However, if an applicant is invited to a second round campus interview event, you are required to attend. It is important for us, and for you, to experience the program firsthand to make sure it is a good fit. Another important part of the campus interview event is the opportunity to network with members of our partner firms as well as with our current students.  If you are unable to attend a campus interview event under extenuating circumstances, we will do our best to work with you.

How long do interviews last and what can I expect?

The first round interview usually lasts 30 to 40 minutes. In general, the goal of the interview is to assess your maturity, judgment, professionalism, initiative, interpersonal and team skills, communication skills and ability to think critically. We are also looking at your fit with the program and with the profession.

International Students

Do you admit international students?

We have admitted international students with very strong English language skills who have lived or studied in the U.S. We require all our students to have very strong communication skills and have the ability to work in a team environment with a variety of people. Therefore we will intensely evaluate you on these skill sets during the application process.

Is there a way for international students to waive the TOEFL or IELTS?

You may contact our office to request a TOEFL waiver if you (1) have earned an undergraduate degree in a country where the official language is English (not just an English-speaking institution or just a country where English is spoken), or (2) have lived and worked in an English-speaking country for the past two or more years.

Are there loans available for international students?

International students do not qualify for federally funded loan programs unless they are permanent residents of the U.S. However, an international student may apply for a private alternative source of funding, but a U.S. citizen or permanent resident is required as a co-borrower.

Is there a special application for international students?

No, but the U.S. government does require international students to show proof of sufficient financial resources to support themselves for their period of studies. Therefore, international students are required to complete the Preliminary Financial Declaration portion of the online application prior to submitting. Also, note that transcripts and diplomas not issued in English must be accompanied by notarized translations.

How do international students apply for a private loan?

International students can apply for a private alternative educational loan, with a U.S. citizen or permanent resident as a co-signer, for an amount up to the total cost of education. Please contact the Office of Student Financial Aid for additional information.

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