Accounting for the value of businesses
Many accountants start their career working for big public accounting firms, but not all. A Master of Accounting (MAC) degree is valuable in other settings, too.
When Ed Lee graduates from UNC’s MAC program, he’ll go into a job with a consulting firm focused on the art and science of business valuation.
“My job is not necessarily in accounting. It’s in finance,” he says. Businesses are bought and sold every day in America, and determining how much a business is worth is an essential part of the process.
Lee has focused heavily on the finance electives available in the MAC Program to prepare him for his job. He started working there after earning a political science degree. His boss recommended UNC's MAC program for him.
Lee says the MAC Program’s summer boot camp was challenging, but fun.
“That was a really cool experience,” he says. “I like how much they push you, the intensity of the program."
Plunging into accounting has shown him a world of business he never knew existed. He compared it to SCUBA diving.
“Once you get underneath [the surface], then you see it’s a whole new world,” he says. “You just get opened up to so many different aspects of business from the complicated contracts that make everything work to the actual financial statements."
Lee says he appreciates the flexibility in the UNC MAC Program. While most of his classmates will be going into public accounting jobs, he could fine-tune his curriculum to his career path in business valuation.
“It’s really catering to the student,” he says, "preparing each student individually to be the best they can be."
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