Accounting

Admission Guidelines for the M.Ac. Program

Admission to the M.Ac. Program requires acceptance to the Graduate College. The Graduate College requires a grade-point average (GPA) of 3.0/4.0 or better for admission. A student must apply to the Graduate College before a M.Ac. application will be considered.

Candidates are evaluated according to a variety of factors including, but not limited to, a student’s resume, Statement of Purpose (Item E on the Application for Graduate Admission), test scores (GMAT and TOEFL if required), undergraduate academic record (transcripts), and letters of reference.

All applicants to the M.Ac. Program must submit Graduate Management Admission Test (GMAT) scores. The minimum allowable GMAT score is 550 with at least 50% on the verbal portion. Applicants whose native language is not English must take the Test of English as a Foreign Language (TOEFL). The minimum acceptable TOEFL score is 600 on the paper-based test, 250 on the computer-based test, or 100 on the Internet-based test. Note that this requirement is higher than that of the Graduate College.

In order to apply to the M.Ac. Program, an applicant must perform the following steps:

  1. Read Frequently Asked Questions. The FAQ contains a great deal of important information and will help greatly during the application process.
  2. Review the deadlines. Be sure you know what session you are applying for and when the deadlines are.

    Session

    Month

    Domestic Deadline

    International Deadline

    Summer

    June

    April 15

    March 1

    Fall

    August

    July 15

    April 15

    Spring

    January

    December 1

    October 1


    Applications are reviewed on these dates regardless of a student’s session of application. Only applications that are considered "complete" will be reviewed (see FAQ for a definition of a "complete" application). Admission to the M.Ac. Program is very competitive and an early application can be important. Students who wait until near the deadlines are sometimes denied.

  3. Take the GMAT and TOEFL tests (if required) and have your scores sent to the University of Iowa. Please be aware that it can take up to two weeks for your official scores to be delivered to the University of Iowa after you take your test(s). Schedule your test(s) early.
    GMAT—University of Iowa’s institution code is 4RL-2J-38.
    TOEFL—University of Iowa’s institution code is 6681.
  4. Fill out the Application for Graduate Admission and pay your fee. Your application will not be processed until your fee is received. You may also download and print out an application and mail it with your fee to the Office of Admissions, but it is faster to apply online. You must apply to the Graduate College in order for your M.Ac. application to be considered.
  5. Write a cover letter and prepare your current resume.
  6. Write your Statement of Purpose. This is item E on the Application for Graduate Admission. This statement should be written on a plain piece of paper.
  7. Have transcripts from your entire undergraduate career sent directly to the Office of Admissions and the Department of Accounting. If you are a University of Iowa student, you do not need to have transcripts sent. When your application file is created, your transcript will automatically be downloaded to your application.
  8. Print out three copies of the Letter of Reference and give them to your recommenders to complete. Your recommenders may send their letter directly to the Department of Accounting, or they may give the letter to you in an envelope and then you can mail it to the Department of Accounting with your other supplementary materials. Alternatively, the reference may be a stand-alone letter (preferably on letterhead) that speaks to the applicant’s goals, skills, and motivation for graduate study. Undergraduate accounting majors at the University of Iowa do not need to provide letters of reference.
  9. Complete the Area of Specialization Designation form.
  10. Fill out the M.Ac. Scholarship Application.
  11. Mail the correct documents to the correct addresses:

    Submit the following to the Office of Admissions:
    (Office of Admissions, University of Iowa, 107 Calvin Hall, Iowa City, IA 52242-1396 USA)

    • Application for Graduate Admission—Items A-C
    • Application for Graduate Admission—Items G-J (signed and dated)
    • Financial Statement for International Applicants—Item K (required only from international students after admission)
    • $60 application processing fee; $100 for international students.
    • official academic records/transcripts (send one set to the Office of Admissions and one set to your academic department).
    • official GMAT score report from Pearson. The university’s institution code is 4RL-2J-38.
    • official TOEFL score report (if applicable) from Educational Testing Service. The university’s institution code is 6681.

    Submit the following to the M.Ac. Program, Department of Accounting
    W252 PBB, Tippie College of Business, 108 John Pappajohn Business Building, Iowa City, IA 52242.

    You may also drop off your materials at W252 PBB or W259 PBB between 8 a.m. and 5 p.m. Monday through Friday.

    • Application for Graduate Admission—Items A-C
    • Application for Graduate Admission—Items D-F (including your Statement of Purpose—Item E on a separate sheet). If you filled out the online Application for Graduate Admission, your application will automatically be forwarded to the Department of Accounting. You do not need to send a separate copy.
    • official academic records/transcripts (send one set to the Office of Admissions and one set to the Department of Accounting)
    • a current resume
    • a cover letter
    • a statement of purpose
    • three letters of reference
    • Scholarship Application (fill out online)
    • Designation of Area of Specialization form