Accounting

Frequently Asked Questions

How do I apply to the M.Ac. Program?
If you go to: http://tippie.uiowa.edu/accounting/mac/admission.cfm you can find all the information you need to apply to the M.Ac. Program including a link to the Application for Graduate Admission. All applicants are strongly urged to apply on-line; however, a student may download a printed application and mail it with their application fee. On-line applications require a Discover, VISA or MasterCard credit card to pay the application fee. Students should note the Admission Requirements of the Graduate College (of which the M.Ac. Program is a part.)

What happens after I apply?
You will receive an email confirmation from the Office of Admissions (because of this, it is important to give a valid email address on your application). This email will contain your HawkID and password. Keep this email in a safe place; you will need your HawkID and password to check your application results on ISIS.

Where can I access ISIS?
If you go to www.uiowa.edu and click on A-Z Search at the top of the page, then choose "I" and scroll down, you can find ISIS. Remember you will need your HawkID and password to access ISIS.

What are the Admission Requirements of the Graduate College?
Go to: http://www.grad.uiowa.edu/admission-requirements to find these requirements, which are as follows:

  • A bachelor’s degree from a regionally accredited American college or university, or an equivalent degree from another country as determined by the Office of Admissions.
  • A minimum grade-point average (GPA) of at least 3.00 on a 4.00 scale or the foreign equivalent as determined by the Office of Admissions.
  • English proficiency requirements for foreign students. Note that the English proficiency requirements for the M.Ac. Program are higher than those of the Graduate College (see “What is the minimum required TOEFL score?” below.)

What is the minimum required GMAT score?
The minimum allowable score is 550 with at least 50% on the verbal portion. The average composite GMAT score of the 2012-13 M.Ac. class was 645. Be sure to schedule your test early, it can take 20 days to receive your test scores.

Can I submit the GRE in lieu of the GMAT?
No. The GMAT is required of all applicants to the M.Ac. Program.

What is the minimum required TOEFL score?
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 and 100 on the internet-based test. Note that this requirement is higher than that of the Graduate College. The average composite TOEFL score of the 2012-13 M.Ac. class was 102 ibt/253 cbt/610 pbt.


Can I submit the IELTS (International English Language Testing System) in lieu of the TOEFL?
Yes. The minimum required IELTS score should be 7.0 with no section score lower than 6.0. It is the student's sole responsibility to ensure that IELTS scores are correctly delivered to the University of Iowa, Office of Admissions.

Can I waive the IELTS or TOEFL?
Prior to consideration for admission, international student applicants whose native language is other than English must take and pass either the TOEFL or the IELTS, unless they have received a degree from an accredited college or university in the United States, the United Kingdom, Canada (except Quebec), Australia, or New Zealand. In those cases, the IELTS or TOEFL will be waived.

Is there a minimum required undergraduate GPA (grade-point average)?
The M.Ac. Program is a part of the Graduate College. The Graduate College requires an undergraduate GPA of 3.0 on a 4.0 scale or better for admission. The average GPA of the 2012-13 M.Ac. class was 3.59.


What if my academic record and test scores do not meet the minimums? Can I still be admitted?
No. Students who do not meet the minimums are not being considered for admission. Since 2008, the M.Ac. Program has experienced a very large increase in the number of applications, making admission very competitive. We have a small class with limited enrollment. Only those students who meet the minimum requirements will be considered for admission.

I meet the minimums. Will I be admitted?
Not necessarily. Meeting the minimums does NOT guarantee admission. Since 2008, the M.Ac. Program has experienced a very large increase in the number of applications, making admission very competitive. If you meet the minimums your application will be considered along with all the other applications that meet the minimums.

Can I get conditional admission?
No. The M.Ac. Program does not offer conditional admission.

Are there prerequisites for the M.Ac. Program?
Other than the minimum requirements for GPA, GMAT, and TOEFL, there are no specific prerequisites for the M.Ac. Program. If you are admitted, you would meet with an advisor who would evaluate your transcript(s) and determine if you have any academic deficiencies that need to be made up. Since we admit students with all kinds of backgrounds, this is different for each student.

Do I have to have work experience to be admitted?
No. Work experience is not required for admission to the M.Ac. Program.

Can I attend the M.Ac. Program evenings, online, or on weekends?
No. All M.Ac. classes are held in the daytime, Monday through Friday, on our Iowa City campus. We have no evening, online or weekend classes for the M.Ac. Program.

What is the tuition for the M.Ac. Program?
If you go to grad.admissions.uiowa.edu/mac-program-estimated-costs, you can find information about the cost of attendance for both domestic and international students.

When can I start the M.Ac. Program?
A student can start the M.Ac. Program in the fall (August), spring (January), or summer (June).

How many students apply to the M.Ac. Program each year?
Each year, more than 200 students apply to the M.Ac. Program.

How many students start the M.Ac. Program each year?
Approximately 40 to 45 students start the M.Ac. Program each year.

How big is the M.Ac. Class each year?
The M.Ac. Class is between 50 and 60 students each year.

How many of the students that start the M.Ac. Program each year are international students (not U.S. citizens)?
This number varies each semester but runs around 26.22%. Following is a breakdown:

Session % of class that is international
2011-2012 21.54%
2010-2011 29.26%
2009-2010 27.87%

How many international students get jobs after completing the M.Ac. Program?
Since many foreign students choose to study at the University of Iowa in hopes of obtaining employment here after graduation, it is important for you to understand that the opportunities to work in the United States after graduation are becoming more limited. Feedback from the firms that recruit on our campus indicates that there will be few employment opportunities for international students who wish to remain in this country. The firms are unwilling to pursue the work authorization necessary for you to remain here after completion of your studies because of the time and expense involved. However, they have indicated that employment opportunities with them will continue to exist in your home country and encourage you to pursue those opportunities while you study here.

What makes my application "complete"?
Your application is considered complete when all of the following have been received by the M.Ac. Program Assistant:

  1. You have filled out the application form (either on-line or on paper) and paid your application fee. The M.Ac. Program Assistant downloads a copy of your on-line application form.
  2. Official GMAT and TOEFL scores. Photocopies of your scores are not acceptable. You must request that PEARSON forward your GMAT score to The University of Iowa, code 4RL-2J-38. You must also request that ETS forward your TOEFL scores to the University of Iowa, code 6681.
  3. A Statement of Purpose.
  4. A current resume.
  5. A cover letter is recommended but not required.
  6. Official transcripts of all undergraduate and graduate course work. The M.Ac. Program Assistant will download official transcripts for University of Iowa students.
  7. Three Letters of Reference. Undergraduate accounting majors at the University of Iowa do not need to provide Letters of Reference.
  8. The Scholarship Application should be filled out on-line and the Designation of Area of Specialization form should also be included but are not required.

You may be contacted by the M.Ac. Program Assistant about the status of your application so it is important to give a current e-mail address on your application form.

NOTE: Do not send extraneous materials with your supplemental application materials. These extra documents do not affect the evaluation of your application in any way and only increase the chance that something more important may be overlooked. Do not use paper clips. Instead, if you have multiple pages, use a staple.

Where do I find the Scholarship Application and the Designation of Area of Specialization forms?
If you go to: tippie.uiowa.edu/accounting/mac/admission.cfm, you will find links to these forms. You may also stop in W252 PBB to pick up these forms.

When should I apply to the M.Ac. Program?
You should apply as soon as you know you want to attend the M.Ac. Program but no earlier than one year before you plan to start. NOTE: If you want to be considered for a teaching assistant position, you must apply by March 1.

What are the application deadlines?

SeasonMonthDomestic DeadlineInternational Deadline
SummerJuneApril 15March 1
FallAugustJuly 15April 15
SpringJanuaryDecember 1October 1

These deadlines are firm. All required application materials (including GMAT and TOEFL scores) must be received by the Department of Accounting by the relevant deadline in order for your application to be included in the review pool. Be sure to allow adequate time for mailing of supplemental materials and the receipt of official test scores by the University of Iowa. Students whose applications are not complete by the deadline will be asked to change to a different, later session. See "What makes my application "complete"? above.

When will my application be reviewed by the Admissions Committee?
The Admissions Committee reviews completed applications on five dates: October 1, December 1, March 1, April 15, and July 15. Only applications considered "complete" will be reviewed (see above).

How long until I find out whether I was admitted?
Once your application is complete, it will be reviewed on the next review date. You should be able to see your results on ISIS approximately two weeks after your application is reviewed. If the applicant pool is very large, it may take longer.

Who can write my letters of reference?
You should ask former/current employers or instructors to write your letters of reference.

Can two people sign a letter of reference?
Yes, as long as you have a total of three separate letters of reference.

How much does it cost to apply to the M.Ac. Program?
The fee is $60 for domestic students and $100 for international students.

I am paying my application fee by check. To whom should I make the check?
Make the check payable to "University of Iowa." All fees must be paid in U.S. dollars in either a check drawn on a U.S. bank, a U.S. Postal Service money order, or an international money order. Do not send cash.

Do I have to pay a fee to apply to the M.Ac. Program?
Yes, your fee must accompany your application or it will not be processed.

I changed my mind and have decided not to attend the M.Ac. Program. Can I get my fee refunded?
No. The fee is nonrefundable.

Where should I send my application materials?

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

  1. Application for Graduate Admission—Items A-C (automatically available to the Office of Admissions if you apply on-line.)
  2. Application for Graduate Admission—Items G-J (signed and dated)(automatically available to the Office of Admissions if you apply on-line.)
  3. Financial Statement for International Applicants—Item K (international applicants only) (only required after admission)
  4. $60 application processing fee; $100 for international students.
  5. official academic records/transcripts (send one set to the Office of Admissions and one set to Department of Accounting, 108 John Pappajohn Business Building, Suite W252, Iowa City, IA, 52242).
  6. official GMAT score report from PEARSON. The University’s institution code is 4RL-2J-38.
  7. official TOEFL score report (if applicable) from Educational Testing Service. The University’s institution code is 6681.

NOTE: Do not send extraneous materials with your supplemental application materials. These extra documents do not affect the evaluation of your application in any way and only increase the chance that something more important may be overlooked. Do not use paper clips. Instead, if you have multiple pages, use a staple.

Submit the following to the M.Ac. Program, Department of Accounting
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.

  1. Application for Graduate Admission—Items A-C (automatically available to the Office of Admissions if you apply on-line.)
  2. Application for Graduate Admission—Items D-F (including your Statement of Purpose—Item E on a separate sheet) (automatically available to the Office of Admissions if you apply on-line.)
  3. NOTE: If you fill out the on-line application, Items A-C and D-F will be automatically available to the M.Ac. Program Assistant.

  4. official academic records/transcripts (send one set to the Office of Admissions and one set to the M.Ac. Program.)
  5. three letters of recommendation
  6. a current Resume
  7. a Cover Letter
  8. A Statement of Purpose
  9. Scholarship Application (fill out on-line)
  10. Designation of Area of Specialization

NOTE: Do not send extra copies of items 1 through 9 above to the Office of Admissions. Do not send any extraneous materials with your supplemental application materials. These extra documents do not affect the evaluation of your application in any way and only increase the chance that something more important may be overlooked. Do not use paper clips. Instead, if you have multiple pages, use a staple.

Do I have to turn in all of my application materials at once?
No, but remember that your application will not be reviewed until it is considered "complete."

If I have questions about the M.Ac. Program, who should I contact?
The director and academic advisor of the M.Ac. Program is Tom Carroll. He may be reached at thomas-carroll@uiowa.edu, 319-335-2727, or in S324 PBB.

Additionally, you may contact the M.Ac. program assistant (see above).