VU launches valuation master’s degree

Owen MAcc faculty director to lead 12-month program

The Vanderbilt Owen Graduate School of Management has launched a new master of accountancy program focused on the fast-growing field of valuation services.

Owen officials are taking applications for the MAcc Valuation program with an eye to starting their first classes a year from now. The school says the 12-month program will teach students to assess mark-to-model values, measure brand goodwill and price acquisition targets, among other things.

"The master of accountancy program itself has been a great success story, and this next step is a logical one to take," said Jim Bradford, Owen’s dean. "This innovative new course of study will address the changing world of accounting as it relates to valuing assets and risk."

Karl Hackenbrack, faculty director of the MAcc program and assistant dean of evaluation and program development, will lead the valuation track, which will include preparation for two of three levels of the Chartered Financial Analyst exams as well the Certified Public Accountant exam.

“All valuation students aspire to launch their career with an international public accounting firm in service lines that deal primarily with business modeling, transactions and audit support,” Hackenbrack said. “This program really is at the nexus of finance and accounting. To succeed in a valuation service line, the professional must understand accounting rules and the finance behind those rules.”