Rutgers Business School and the Deloitte Foundation to fund scholarships for students pursuing a fifth-year master's program in accounting

In an effort to help strengthen the pipeline of CPA talent committed to diversity, equity, and inclusion, Rutgers Business School Rutgers Business School – Newark and New Brunswick – has announced its collaboration with the Deloitte Foundation in the Deloitte Foundation Accounting Scholars Program (DFASP).

Over the next six years, the DFASP expects to fund $30 million in scholarships for students pursuing a fifth-year master’s program in accounting from select Association to Advance Collegiate Schools of Business (AACSB) accredited colleges/universities, including Rutgers Business School. Participating schools and the Deloitte Foundation will cover 100% of tuition (excluding books and living expenses) for selected students.

The DFASP is a critical tenet of Deloitte’s Making Accounting Diverse and Equitable (MADE), a $75 million commitment to generate more opportunities and leadership pathways for the next generation of certified public accountants (CPAs). MADE aims to transform the future of the accounting profession, combining both financial support and resources to help address the identified barriers to diversity, equity, and inclusion in the profession, and support students as they chart their pathway from high school to business professional to leadership in the profession.

“Our Deloitte Foundation is laser focused on driving education initiatives that help prepare the next generation of diverse business leaders,” said Erin Scanlon, Deloitte Foundation president. “We are proud to fund the Deloitte Foundation Accounting Scholars Program as an important step in strengthening the pipeline of next generation CPA talent.”

“We are grateful to the Deloitte Foundation for supporting future CPA talent and our efforts to prepare Rutgers students for careers in the accounting field,”said Lei Lei, the dean of Rutgers Business School.

The Rutgers Master of Accountancy in Financial Accounting is strategically designed to help meet the career goals of recently graduated accounting majors wishing to prepare for the CPA and CMA exams and to launch satisfying careers. The program’s curriculum reflects the changing requirements of the accounting profession – a new licensing examination will be introduced in 2024 – with a track incorporating courses such as robotic process automation (RPA), artificial intelligence (AI), and cybersecurity assurance.

 “Passion and intention only go so far as we work toward a diverse, equitable, and inclusive accounting profession here in New Jersey and beyond,” said Paul Krieger, New Jersey managing partner, Deloitte LLP. “The Deloitte Foundation’s collaboration with Rutgers University is an important action to help bring that vision to life.”

Scholarships for the 2022-2023 school year will be granted in spring 2022. Each school will select the scholarship recipients.

For more information, visit the Deloitte MADE website or contact Professor Daniel Stubbs, director of the Master of Accountancy in Financial Accounting Program: stubbs@business.rutgers.edu. Learn more about applying to the Rutgers Master of Accountancy in Financial Accounting.

About Rutgers Business School

Rutgers Business School – Newark and New Brunswick – is an integral part of one of the nation’s oldest, largest, and most distinguished institutions of higher learning: Rutgers, the State University of New Jersey founded in 1766. Rutgers Business School has been accredited since 1941 by AACSB International – the Association to Advance Collegiate Schools of Business – a distinction that represents the hallmark of excellence in management education.

About the Deloitte Foundation

The Deloitte Foundation, founded in 1928, is a not-for-profit organization that supports education in the U.S. through a variety of initiatives that help develop the next generation of diverse business leaders, and their influencers, and promote excellence in teaching, research and curriculum innovation. The Foundation sponsors an array of national programs relevant to a variety of professional services, benefiting high school students, undergraduates, graduate students and educators. Learn more about the Deloitte Foundation.

About Deloitte

Please see www.deloitte.com/us/about for a detailed description of our legal structure.