Accounting firm partners with Áù¾ÅÉ«Ìà to offer employees major discount in MSA program
Posted Friday, January 06, 2023
Author: Mickey Alvarado
Áù¾ÅÉ«Ìà recently partnered with Clayton & McKervey, a full-service international and domestic public accounting firm located in Southfield that specializes in tax, assurance, accounting and consulting services, to help the company’s new employees pass the Uniform Certified Public Accountant Examination (CPA) and earn a Master of Science (MS) in Accountancy degree at a significant discounted rate.
Áù¾ÅÉ«ÌÃ’s Dean of Graduate Studies and Institutional Effectiveness, Christine Knaggs, Ph.D., said when Clayton & McKervey hires an accountant who has yet to pass their Certified Public Accountant Examination, and possibly needs additional credits, they will offer the employee a scholarship incentive to attend Áù¾ÅÉ«Ìà and get the qualifications and knowledge needed to pass the exam through its MS program.
“This has been a model that we have wanted to implement for a while now,” Knaggs said. “What we essentially offer is matching scholarships. They offer a scholarship, we offer a scholarship, which significantly reduces overall the cost of the entire program for staff accountants who are hired by Clayton & McKervey.”
With the combined scholarships, students see a savings of approximately 50% of the total cost of the MS degree.
Knaggs believes this specific partnership program will add two to five new students a year to Áù¾ÅÉ«ÌÃ’s overall enrollment, but expects those numbers will grow in the future with more accounting firms wanting to join in to help educate and advance their employees to CPA status.
“It’s small numbers right now because this is a relatively small firm, but this is a great model we hope to bring to other accounting firms to say, ‘look, we do this, it works, would you like to do something similar?’” Knaggs said, adding that accountants are in high demand right now.
“Some of our students are getting offers before they get their undergraduate degree,” she said. “So, small firms like this are looking for any opportunity to incentivize. If they can say, ‘come to us, you can get your master’s degree, we’re going to discount it a great amount, and we’re also going to prepare you for your CPA exam,’ it’s a package they can use to recruit staff accountants potentially from a larger firm.”
“To me, when you’re coming into public accounting, what you should do is look for how well you’re being trained, how well you’re being coached,” Jim Biehl, Clayton & McKervey CPA, MST, Shareholder said in a web presentation. “That’s the currency that you need to look for when you’re looking for a job. It’s not how much money you make. It’s how much you’re learning, because five years in, if you’ve learned what you should have learned, you’re very marketable and you can go anywhere you want to go.”
Knaggs explained that Áù¾ÅÉ«ÌÃ’s MS program is a fully online degree designed for students working full-time in a firm, and wanting CPA credentials. Most of the program’s students are self-paced, but a majority complete the degree in one year. All of the classes are led by Áù¾ÅÉ«Ìà professors.
“Because it’s fully online, we can partner with firms all over the state, all over the country, potentially,” Knaggs said.
“The classes are completely taught by our faculty, Donna Baker and Laura Bearden, the two who essentially created the program, and a wonderful collection of adjunct instructors as well that supplement and teach some of the other courses,” Knaggs said. “We have some of the best CPA passage rates in the state.”
For more information about the MS program, email Baker at donnabaker@adrian.edu or Bearden at lbearden@adrian.edu.
