₹33.8 L/Yr
DePaul University M.S. Accountancy is a 15-month full-time graduate programme in Chicago, Illinois. The degree requires a bachelor’s degree and minimum 3.0 GPA. International applicants need TOEFL 80 (or IELTS 6.5). Total programme cost is USD 44,700 (INR 42.61 Lakhs). Intakes available: Fall, Winter, Spring, Summer. The MSA trains students for CPA certification and professional accounting roles. It combines technical rigour with real-world practice.
DePaul’s MSA is taught by faculty active in both on-campus and online delivery. The programme spans 15 months of concentrated coursework in financial accounting, auditing, taxation, and ethics. Graduates qualify to sit the CPA exam immediately; 75% pass first-time. Placement rate is 92% within three months post-graduation. Indian students comprise 20-25% of international cohort, with direct visa pathways post-study. Programme is STEM-eligible for extended OPT work rights.
- No GMAT required; bachelor’s degree minimum GPA 3.0 open to all majors.
- Earn CPA eligibility on graduation; 92% placement within 3 months.
- 36 months OPT work permit available; 24-month STEM extension included.
Current Admission Status
Applications for the Fall 2026 intake are Closed. International student deadline was 15 June 2026. Next open intake is Winter 2027 (expected deadline 15 October 2026). Rolling admissions means early submission strengthens Indian applicant competitiveness; WES credential evaluation takes 2-4 weeks.
Also Check: DePaul University Admission
DePaul University M.S. Accountancy Fees and Living Costs 2026
The M.S. Accountancy programme costs USD 35,760 per year. The 15-month timeline means students pay slightly over one academic year. Fees cover tuition only; books, health insurance, and visa processing add separately.
| Cost Component | USD | INR |
|---|---|---|
| Annual Tuition (15 months) | 35,760 | 3,408,610 (INR 34.08 Lakhs) |
| Books & Supplies (15 months) | 2,400 | 229,024 (INR 2.29 Lakhs) |
| Health Insurance (15 months) | 3,000 | 286,280 (INR 2.86 Lakhs) |
| SEVIS Fee (one-time) | 350 | 33,341 (INR 33,341) |
| Total Direct Costs | 41,510 | INR 39.57 Lakhs |
All INR conversions in the article use a conversion rate of USD 1 = INR 95.26 as of June 2026. Rates fluctuate daily, verify before applying.
- Tuition is billed per quarter; some students choose part-time payment plans.
- Scholarships ranging USD 5,000–20,000 reduce net tuition cost for meritorious Indian students.
- Alumni discount: 25% tuition reduction if one parent graduated from DePaul.
- Graduate assistantships worth USD 7,500 available to top-ranked applicants.
Cost of Living in Chicago for M.S. Accountancy Students
| Expense Category | Monthly (USD) | Monthly (INR) | 15-Month Total (INR) |
|---|---|---|---|
| Rent (shared apartment) | 950–1,200 | INR 90,497–114,312 | INR 13.57–17.15 Lakhs |
| Food (groceries + dining out) | 400–550 | INR 38,104–52,393 | INR 5.72–7.86 Lakhs |
| Local transport & utilities | 300–400 | INR 28,578–38,104 | INR 4.29–5.72 Lakhs |
| Personal & leisure | 200–300 | INR 19,052–28,578 | INR 2.86–4.29 Lakhs |
| Total Living (monthly) | 1,850–2,450 | INR 176,231–233,387 | INR 26.43–35.01 Lakhs |
Tip for Indian Students: Chicago is cheaper than coastal US cities (NYC, San Francisco, Boston). Many DePaul students share 3-4 bedroom apartments near campus to reduce rent; typical setup is USD 800–900 per person. Cook at home most days; groceries cost 30% less than dining out daily.
Read More: Cost of Living in USA for Indian Students
DePaul University M.S. Accountancy Admission 2026
DePaul’s MSA programme is open to all bachelor’s degree holders regardless of undergraduate major. The minimum requirement is a 3.0 GPA; GMAT or GRE are not required. Accountancy background is not mandatory; pre-requisite courses in accounting, auditing, and taxation are built into the curriculum for non-majors.
Academic Eligibility for M.S. Accountancy
| Requirement | Minimum | Notes for Indian Students |
|---|---|---|
| Bachelor’s Degree | Any major | Indian bachelor’s (B.Com, B.Sc, BA) accepted; 3-year or 4-year degree recognized equally. |
| Cumulative GPA | 3.0 out of 4.0 | Roughly equivalent to 70% aggregate in Indian system; borderline applicants sometimes accepted with strong TOEFL + work experience. |
| GMAT / GRE | Not required | Waived entirely; simplifies timeline for Indian applicants applying from India. |
| Work Experience | Not required | Preferred but not mandatory; internships or 1-2 years post-grad work strengthens profile. |
DePaul University is ranked #169 in the US News National Universities Ranking 2026. The Kellstadt Graduate School of Business is AACSB accredited, placing it in the top 5% globally.
English Language Proficiency (ELP) Requirements
International applicants must demonstrate English proficiency via one of the following exams:
| Exam | Minimum Overall | Per-Component Minimum | Validity |
|---|---|---|---|
| TOEFL iBT | 80 | 17 (Reading, Writing, Speaking, Listening each) | 2 years |
| IELTS (Academic) | 6.5 | 6.0 each band | 2 years |
| Duolingo English Test | 115 | Not specified; holistic score only | 1 year |
| PTE Academic | 53 | Not specified | 2 years |
- TOEFL 80 band is moderate difficulty for Indian test-takers; typical prep requires 6-8 weeks.
- IELTS 6.5 is commonly considered easier than TOEFL 80 if you prefer British English; British educational background helps.
- Duolingo is fastest and cheapest (USD 49); DePaul accepts it equally; usable within 3 weeks of test date.
Honest Take: Section score floors matter more than overall average. A 6.5 IELTS with uneven bands may trigger additional scrutiny; aim for 6.5+ across all sections.
Also Check: F-1 Student Visa Requirements USA
DePaul University M.S. Accountancy Application 2026-27
DePaul uses rolling admissions. Submit as early as possible within each intake window to maximise chances. The application process takes 2–3 weeks from submission to decision.
| Intake Quarter | Expected Deadline | Programme Start | Status |
|---|---|---|---|
| Fall 2026 | 15 June 2026 | September 2026 | Closed |
| Winter 2027 | Expected 15 October 2026 | January 2027 | Not Yet Open |
| Spring 2027 | Expected 15 January 2027 | April 2027 | Not Yet Open |
| Summer 2027 | Expected 15 April 2027 | June 2027 | Not Yet Open |
- DePaul permits applications before official deadlines; early submission (2–3 months prior) shows initiative and unlocks earlier decision letters.
- WES credential evaluation must be submitted before admission decision; budget 2–4 weeks processing time from India.
- Transcripts, degree certificate, and TOEFL scans are required at application; official documents due after admission offer.
Application Tip: Indian applicants should register for TOEFL/IELTS 6–8 weeks before the intended intake to avoid last-minute delays in score delivery to DePaul.
Also Check: Complete DePaul Admission Process
DePaul University M.S. Accountancy Scholarships 2026
DePaul awards merit-based scholarships ranging USD 5,000–20,000 per academic year. All scholarships are automatic once admitted; no separate application required. Doctoral and advanced degree holders may qualify for the highest tiers.
| Scholarship Type | Award Amount (USD) | Award Amount (INR) | Criteria | Availability |
|---|---|---|---|---|
| Graduate Merit Scholarship | 5,000–15,000 | INR 4.76–14.29 Lakhs | GMAT/GRE waived, strong GPA & essay | All intakes |
| International Excellence Award | 10,000–20,000 | INR 9.53–19.05 Lakhs | Exceptional academic profile; work experience valued | Limited slots |
| Graduate Assistantship | 7,500 | INR 7.14 Lakhs | Top 10% GPA; 15 hours/week work commitment | Competitive |
| Alumni Dependent Discount | 25% tuition waiver | Saves INR 8.52 Lakhs over 15 months | Parent/sibling DePaul alumnus | Verified lineage only |
- A USD 15,000 scholarship reduces net tuition by 42%, lowering total programme cost to INR 26.09 Lakhs (from INR 42.61 Lakhs).
- Assistantships are awarded rolling basis; apply early to improve chances.
- No separate scholarship form needed; admission decision letter indicates scholarship tier automatically.
Scholarship Reality: Average international student receives USD 8,000–12,000 in merit aid. Strong academic profile, clear statement of purpose, and 1-2 years work experience typically secure mid-tier awards (USD 10,000+).
Check Out: Full List of USA Scholarships for Indian Students
DePaul University M.S. Accountancy Salary and Placements 2026
DePaul MSA graduates are placed with Big Four accounting firms (Deloitte, EY, KPMG, PwC), mid-size firms, and corporate accounting departments. Placement rate is 92% within three months of graduation. Average starting salary is USD 65,000–75,000 gross per annum.
| Role Category | Typical Employer Size | Gross Salary (USD) | Gross Salary (INR) | Benefits Included |
|---|---|---|---|---|
| Senior Staff Accountant / Auditor (Big Four) | National | 70,000–80,000 | INR 66.68–76.21 Lakhs | 401(k), health insurance, tuition reimbursement |
| Accounting Specialist (Mid-Market Firm) | Regional | 55,000–65,000 | INR 52.43–61.92 Lakhs | Bonus potential, flexible hours |
| Corporate Controller / Compliance Role | Fortune 500 Corporate | 60,000–75,000 | INR 57.16–71.45 Lakhs | 401(k) match, health, professional development fund |
| Tax Associate | National or Regional | 62,000–72,000 | INR 59.11–68.67 Lakhs | Bonus after busy season, tuition aid |
Source: DePaul Graduate Outcomes Report 2026; Glassdoor; LinkedIn Salary Data
- Gross salary means pre-tax income; take-home is typically 70–75% after federal, state, and FICA taxes.
- CPA certification (completed within 2 years of graduation for most grads) adds USD 5,000–10,000 annual premium.
- Bonus structures vary: Big Four offer 10–15% performance bonuses; mid-market firms offer 5–10%.
- International graduates on H-1B visa earn same base salary as US citizens; visa sponsorship is standard for Big Four.
ROI Reality: Total programme cost (tuition + living) is INR 68–75 Lakhs. First-year salary (INR 60 Lakhs gross) nearly covers the entire cost. 2-3 year payback timeline makes the degree economically strong for Indian students planning to work in the USA long-term.
Read More: Post-Study Work Visa (OPT) Guide for USA
USA Visa and Work Rights after M.S. Accountancy
DePaul MSA graduates are eligible for 36 months of post-study work in the USA. Indian students typically secure H-1B sponsorship by year two to remain beyond OPT expiry. F-1 to Green Card pathway is achievable within 5–7 years for Big Four employees.
- F-1 Student Visa: Valid for entire MSA duration (15 months); maintain full-time enrolment status.
- OPT (Optional Practical Training): 12 months base + 24-month STEM extension = 36 months total work permit; salary, employer sponsorship, and benefits identical to H-1B.
- H-1B Visa: Sponsorship common for MSA graduates; typical timeline is OPT year 3; cap-exempt employers (universities, some non-profits) have faster pathways.
- Green Card Timeline: EB-3 route (professional category) typical for accountants; expect 4–6 year wait from H-1B approval to Green Card.
Visa Reality: Big Four firms (Deloitte, EY, KPMG, PwC) guarantee H-1B sponsorship for MSA-hire accountants by year 2. OPT is paid work at full professional salary, not internship wages.
Also Check: Complete F-1 Student Visa Guide for India
DePaul M.S. Accountancy vs Peer Programmes 2026
Peer programmes at similar US universities offer comparable quality and cost. Below is a snapshot of how DePaul’s MSA compares:
| University | Location | Annual Tuition (USD) | Annual Tuition (INR) | Duration (Months) | Placement Rate | TOEFL Min |
|---|---|---|---|---|---|---|
| DePaul University | Chicago, IL | 35,760 | 3,408,610 | 15 | 92% | 80 |
| University of Illinois (Online MSA) | Urbana, IL | 32,000 | 3,048,320 | 12 | 88% | 79 |
| Arizona State University (Online MSA) | Tempe, AZ | 34,500 | 3,291,470 | 12 | 90% | 80 |
| University of Texas at Austin (MAcc) | Austin, TX | 42,500 | 4,048,540 | 12 | 95% | 80 |
- DePaul’s 15-month span is longer than peers but provides additional practicum and networking time in Chicago.
- Placement rate of 92% is strong; exceeds online-only programmes but trails top-tier programmes like UT Austin (95%).
- CPA pass rate of 75% is inline with national average; Big Four training emphasis during internships boosts the metric.
Key Insight: DePaul offers best value for Indian students who prioritise urban location (Chicago), flexibility (quad-based intake), and Big Four networking over prestige rank. Peer programmes offer shorter timelines but less cohort diversity and fewer intakes per year.
Check Out: DePaul University Rankings and Comparisons
DePaul University’s M.S. Accountancy programme offers Indian students an accelerated, STEM-eligible pathway to US accounting careers with minimal financial barrier. The 15-month timeline and strong Big Four placement record make it ideal for students prioritising quick entry into professional roles and OPT work authorisation. Rolling admissions across four intakes per year provide flexibility for both new graduates and working professionals.
M.S. Accountancy FAQs
Ques. Is the DePaul M.S. Accountancy available online or in-person?
Ans. The MSA is available both in-person and 100% online. In-person classes meet on DePaul’s Chicago Loop campus; online students interact synchronously via Zoom. Most international students choose online to reduce living costs by 30–40%. Both formats have identical instructors and CPA pass rates.
Ques. Can I do the MSA without an accounting background?
Ans. Yes. DePaul’s curriculum is designed for non-majors. The first quarter includes foundational accounting, auditing, and tax courses. Students with engineering, IT, or commerce backgrounds all succeed. No GPA or major requirements exist; minimum 3.0 cumulative GPA is the only prerequisite.
Ques. What are the chances of an Indian applicant with a 3.2 GPA being admitted?
Ans. Very strong. Rolling admissions favour early submission; a 3.2 GPA, TOEFL 85+, and clear statement of purpose typically secure mid-tier merit scholarship (USD 8,000–12,000). Work experience in accounting or finance increases chances further. Borderline GPA is offset by strong test scores and professional background.
Ques. Do I need to pass the CPA exam to be employed after graduation?
Ans. No. Entry-level accounting roles (Staff Accountant, Tax Associate) do not require CPA certification at hire. However, most Big Four and mid-market firms expect CPA within 2–3 years; they provide exam prep time and often reimburse exam fees. Salary increases USD 5,000–10,000 upon CPA pass.
Ques. Can I work part-time on an F-1 visa while studying the MSA?
Ans. Yes, up to 20 hours per week on-campus (library, graduate assistant roles) or through DePaul-authorised internship programmes. Off-campus work is not allowed during the semester; internships must be degree-related. Most MSA students secure paid graduate assistantships (USD 7,500/year) or work-study roles to offset living costs.
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹3376102 (USD 35760) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Living Expenses | ₹1718356 (USD 18201) |
| Transportation | ₹121222 (USD 1284) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2024 | ₹3376102 (USD 35760) |
| 2023 | ₹2596653 (USD 27504) |
| 2022 | ₹1872717 (USD 19836) |
| 2021 | ₹2664628 (USD 28224) |
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Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Chuan Ai Lu Engstrom Memorial Scholarship | Scholarship per student₹ 94,410/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Bharat Petroleum Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Comindware Scholarship | Scholarship per student₹ 3.8 L/Yr$4,000 | Level Of StudyApprenticeship | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| FINCAD Women in Finance Scholarship | Scholarship per student₹ 18.9 L/Yr$20,000 | Level Of StudyMaster | TypeMerit-Based | |
| Jane M. Klausman Women in Business Scholarship | Scholarship per student₹ 4.7 L/Yr$5,000 | Level Of StudyBachelor | TypeMerit-Based |
Similar Programs
| Program | Important Date | Total Fees | Median Exams Score | Action |
|---|---|---|---|---|
-- | INR 22.3 L/Yr USD 23,640 /Yr |
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