Nothing says good times like a chartered accountant
Aspiring accountants take note the Richard Ivey School of Business is offering the first joint Certified Management Accountants and masters of business administration program in Ontario.
Ivey received accreditation from Merv Hillier, chair of CMA Canada's Ontario chapter, during a ceremony held at Ivey on Jan. 24, explained David Hipgrave, president and chief executive officer of the Certified Management Accountants of Ontario.
Although Ivey is not the first school to be accredited by the CMA, they are the first in Canada to offer a combined program, Hipgrave said.
CMA's decision to accredit Ivey was based on the results of the national entrance exam during the past five years. In order to be accredited, 75 per cent of the Ivey students who wrote the entrance exam in the past five years had to pass, Hipgrave explained.
The joint program is the first fully integrated, full-time CMA/MBA program offered in Ontario, and will now exempt Ivey students from the first part of the national CMA examinations and save them two years of training, Hipgrave explained.
Second-year MBA students who are considering applying for the CMA/MBA program are required to successfully complete their first year of the MBA program, as well as five predetermined second-year courses, explained Murray Bryant, director of the MBA program at Ivey.
Once enrolled, students will also have to complete 24 months of practical experience, a board comprehensive case report, as well as the second part of the national CMA entrance examination, Bryant said.
"Basically, without this, [the students] would have to take a lot of other courses," Bryant said.
Response from Ivey students has been positive. "I think it's good that Ivey is offering another program," said Kathryn McLean, a first-year MBA student. "It will give students more choices, but I don't think it will have much impact on many of the first-year students."