Accounting Department Again No. 1 in Rankings Trifecta
The McCombs School of Business continues to lead the nation among academic institutions of accounting.
For the ninth time in 12 years, McCombs ranks number one across all three of the 2013 rankings of the Public Accounting Report (PAR) Annual Professors Survey: undergraduate, master's, and Ph.D.
Additionally, this is the fourth year in a row for McCombs to take first place on all three bases.
Undergraduate Ranking: 1
For 22 years in a row, McCombs has placed first or second in this ranking. Second place goes to our only undergrad rival, the University of Illinois at Urbana-Champaign, followed by Brigham Young University in third.
Master's Ranking: 1
McCombs has lead the nation at the master's level in 19 out of the past 20 surveys. BYU and Illinois take second and third place, respectively.
Doctoral Ranking: 1
McCombs has landed among the top four doctoral programs since 1994, and has now taken the number-one spot 10 times in the last 12 years. Currently we rank above Stanford (2), the University of Chicago (3), Michigan (4), and Illinois (5).
Reputation Influenced by Career Relevance
Jim Franklin is director of the school's Master in Professional Accounting program. He acknowledges that staying on the leading edge of accounting education is no small concern, even for a top-ranked program.
"Our success is really all about student success, and that is more than just having high admittance standards," Franklin says. The MPA program recently created a new day-long "boot camp" refresher course for juniors entering the Integrated MPA Program. The review session, taught by accounting doctoral students Christopher Yust and Prasart Jongjaroenkamol, is already getting praise from the students, grateful for the opportunity to brush up on cash flow statements and effective-interest methods before facing their hard-core accounting classes.
Accounting Department Chair Lillian Mills credits corporate partnerships with helping keep the academic path in tune with the leadership demands of today's accounting profession.
"New partnerships such as the EY Accounting Ambassadors Program fostered by the Ernst & Young Foundation, will help make accounting attractive, welcoming, and successful for a broader base of students at UT Austin," she explains. EY Accounting Ambassadors will establish mentor relationships with working professionals, mentor undergraduate students, and have access to financial incentive awards for high performance in key accounting classes.
About the Public Accounting Report
The PAR is billed as "the independent newsletter of the accounting profession since 1978." Hundreds of professors from nearly 200 U.S. institutions participated in the 2013 survey.
For the undergraduate and graduate rankings, professors are asked to rank programs at American colleges and universities on a 1 to 10 scale on the single question, "Which programs consistently turn out students capable of some day attaining partner status?"
In the doctoral rankings, professors are asked to name the programs they most regard for turning out accounting professors.
For more information, see our Ranking Methodology.