Strayer University is also featured in our ranking Top 15 Online Master’s in Forensic Accounting.
Strayer University Master’s in Forensic Accounting
The Accounting Department at Strayer University offers an online Master’s of Science degree with five distinct concentration options, one being forensic accounting. The program requires a total of 12 courses, and students can complete every class entirely online. Strayer University’s programs run on a quarter schedule with four program start dates each year, every 3 months starting in October. Regardless of specific accounting concentration, all students take an eight-class track of accounting classes including Advanced Auditing, Accounting Information Systems, and Managerial Economics and Globalization. Forensic accounting students complete an additional three courses focusing on things like fraud detection, information technology innovations in auditing, and investigation techniques. Finally, as one of the last courses, everyone must complete the Graduate Accounting Capstone which provides an opportunity to use knowledge from previous courses to solve real-world problems. This experience gives students a preview into their future job responsibilities, so they are advised to choose a topic related to their goals. The entire graduate accounting curriculum was designed with the input of experts in the industry, and faculty work hard to ensure that every graduate is prepared to pass the CPA exams. Even though the program can be completed online, students are always welcome to visit campus to speak with professors in person, and they are each assigned a personal ‘Success Coach’ to ensure all needs are met.
About Strayer University
Opening in 1892 in Baltimore, Maryland, Strayer University is one of the longest-running private, for-profit colleges in the United States. The school began with the goal of helping farmers develop necessary business skills, and as it gradually grew and became certified as a junior college and then a bachelors-level institution, accounting has always been one of the school’s specialties. Today, Strayer University offers 11 master’s, six bachelor’s, and six associate degrees in a variety of subjects and enrolls a total of over 40,000 students. Much of the student body attends via online learning methods, but Strayer also has over 70 campuses throughout 15 states and the District of Columbia. Throughout all campuses and every program, the university focuses on two main areas, flexibility, and innovation. Between the 100% online format of many degrees and the evening and weekend class times on campuses, the school attracts older students who have full-time jobs, families, and other responsibilities. Strayer University prides itself on providing these individuals with an educational option that works with their busy schedules. Plus, through the Strayer Studios initiative, faculty members and web developers are working together to build a more interactive and engaging learning platform for their online programs. Even after over 100 years in operation, the university continues to grow and most recently acquired the New York Code and Design Academy which expands their program offerings into the programming and web development sphere.
Strayer University Accreditation Details
With its headquarters in Washington, DC, Strayer University falls in the region of the Middle States Commission on Higher Education (MSCHE). The institution first received accreditation in 1981 and was last re-certified during the 2017/2018 year. This process verifies that the school provides a quality education and operates using responsible and transparent business practices. Specifically, the MSCHE review encompasses seven designated categories of the university as a whole including Support of the Student Experience, Educational Effectiveness Assessment, and Ethics and Integrity. In addition, the associate, bachelor’s, and master’s level business programs at Strayer are accredited by the ACBSP, or the Accreditation Council for Business Schools and Programs. This organization developed standards for business and accounting education based on current practices in the field and input from industry leaders. After meeting the standards first in 2013, the university received this specialized program accreditation.
Strayer University Application Requirements
All applicants to Strayer University must first complete a basic application on the school’s website and they will be directed to provide supplemental materials depending on the chosen program. For those pursuing a master’s in accounting, the primary requirement is the completion of a bachelor’s degree with at least a 2.5 GPA, preferably in accounting or a related field. All prospective students must submit official transcripts from every post-secondary school attended along with a resume and a scanned copy of a government-issued photo identification card. Strayer University reviews each candidate, specifically predicting his or her likelihood of success in the program. In order to do this, they look for markers of graduation potential. These include completion of three graduate-level courses with at least a 3.0 GPA or completion of an Advanced Professional Military Education program, a GRE score greater than 1000 or a GMAT score of at least 450, and at least three years of verifiable professional employment in a management or leadership position. While not all of these metrics are necessary, at least one is required for admission to the accounting graduate programs. If there is a question about an applicant’s readiness for the program, he or she may be invited to an interview with one of the deans.
Tuition and Financial Aid
The graduate forensic accounting program at Strayer University costs $1665 per course which equates to roughly $20,000 for the entire program for all students regardless of
state residency status or online versus on-campus attendance. Many students receive some type of financial assistance in the form of subsidized student loans, state grants, military programs, or accounting-related scholarships from outside organizations. Strayer also offers the Legacy Scholarship which is a $500 award granted to any student referred by a family member who also attended the university. Additionally, since many online graduate students continue to work full-time while in school, they may want to check with their employers regarding tuition assistance or reimbursement programs. Many business help pay for higher education costs, especially if the program is in the same industry. For students who have to take out loans, according to Forbes, there is a growing trend among top employers to provide student loan repayment programs where they pay additional money each month to be either used for student loan payments or other continuing education costs. Strayer University staff emphasize that cost should not prevent anyone from enrolling, and as such, every prospective and admitted student has access to financial aid counseling and resources for discovering applicable scholarships and grants.