Where are you located? There is a shortage of accountants in the US. but you are looking at the wrong goal. Whether you get an MS in account of MBA (There is no such thing as MBA in Health Care) depends on your career objective. The MBA is a general business degree training students for top level management positions up to CEO or for those with entrepreneurial objectives of starting their own business. MBA students study accounting, finance, marketing, management, statistics, economics, strategy, policy, and other courses. Many MBA programs offer concentrations in these and many other fields, but that amounts to only 2-3 courses in your chosen field in the second year of study. Many students avoid a concentration and take a variety of elective subjects to gain a broader background. Most MBA programs prefer students with 2-3 years work experience after the first degree. In an MBA program, you can get the required 30 hours of graduate work to qualify for the CPA. And you can get a concentration in Health Care at the same time.
The Master of Science is a specialized degree in a particular field such as finance, chemistry, accounting, engineering, etc. training students for top level staff and research positions who prefer not to get into general management. The MS typically requires an undergraduate education in the field in which you want the MS, or a closely related field. A finance major does not get an MS in chemistry, and a biology major does not get an MS in accounting. MS programs typically do not require work experience. It will give you the graduate work needed to get the CPA.
Before you decide on an MBA program explore the Internet for information on available programs. There is a lot of information available in free public service sites. Some sites are limited to specific countries, such as Germany, UK, or Australia. Some list a small number of select schools, while others may include more than 2,000 MBA programs listed worldwide. You can find the program that best fits you. You can search for programs by location (US, Europe, Far East, etc.), by concentration (finance, marketing, aviation management, health management, accounting, etc.), by type of program (full-time, distance learning, part-time, executive, and accelerated), and by type of degree (MBA, MS, Ph.D). In some cases you can select your own criteria and preferences to get a list of universities that satisfy your needs.
Investigate any MBA program carefully before applying. Many new ones have been started and some are worthless. What to look for: Schools' accreditation status (AACSB accreditation or at least AACSB membership is preferred for the MBA) , tuition cost, class sizes, program length. Is the faculty mostly Ph.D.s qualified in business fields? Is the faculty permanent or part-time adjunct teachers who are not as qualified? Is the faculty well published? What are the average entrance exam scores of the students? For instance, if students take the GMAT, is their average below 550 or above 580? What are the starting salaries of graduates? Does the school have a good career placement service? How many graduates have job offers within 3 months of graduation? Do most students have 2-4 years work experience before starting the program?
You can find data on entrance requirements, program costs, program characteristics, joint degrees such as MBA/JD, and much more. Some sites have links to the schools' web sites, or provide email addresses to contact schools of your choice, and send them pre-applications. You can find lists of top schools ranked by various periodicals or ranked by starting salaries of graduates, GMAT scores, and other criteria. Generally you should stay away from any sites that require you to pay to get information or that promise to find scholarships for you or ensure acceptance into a program.
Answered By: Prof - 5/21/2010