Recently, the New York State Senate passed Bill S6891B, which proposes creating a new option (Pathway) for CPA licensure. Instead of completing 150 college credit hours (the current requirement, usually met by earning a master’s degree), candidates could qualify with 120 credits and additional supervised work experience (to be decided upon by the New York State Education Department).
However, students and families should know:
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The bill has not been signed into law.
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If signed, it would not take effect for at least one year.
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Most leading firms, corporations, and government agencies still prefer or require a master’s degree for advancement and leadership roles.
WHAT’S AT STAKE: SHOULD YOU INVEST IN A MASTER’S DEGREE IN ACCOUNTANCY?
Here are 5 key reasons why pursuing a master’s degree — especially through Siena’s MSA or 3+1 program — remains the smart, low-risk, high-reward investment for students committed to a career in accountancy:
1. Higher Lifetime Earnings
While skipping graduate school might save money in the short term, master’s degree holders typically earn more — and earn it faster. That income gap widens over time, and many employers offer salary premiums or bonuses for graduate-level education.
2. Better Job Opportunities and Promotions
Having a master’s degree opens doors that may stay closed otherwise. Most public accounting firms, Fortune 500 companies, and government agencies give preference to graduate-level candidates for internships, full-time roles, and early promotions.
3. Professional Credibility and Client Trust
Graduate education prepares you to think critically, communicate clearly, and solve complex problems — skills that clients and employers’ trust. Choosing the extra education sends a signal: you're serious about entering the profession with purpose and integrity.
4. Less Risk, More Flexibility
If you bypass the MSA now, you may find you need it later at a higher cost and without structured support. Completing it now — especially through Siena’s 3+1 program — lets you meet the current CPA requirements with efficiency, flexibility, and certainty.
5. You’re Not Just Getting a Degree — You’re Launching a Career
Siena’s MSA is not just another year of school. It’s a career accelerator, offering:
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Internships for every student
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100% job placement
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Top 25% CPA Exam pass rate
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AACSB accreditation
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Mentorship and lifelong alumni connections
MAKE THE SMART INVESTMENT IN YOUR FUTURE
Siena University’s 3+1 B.S./M.S. lets you finish in 4 years saving time and tuition while preparing you for a lifetime in the profession.
