Does Accounting Fall Under The Category of STEM Courses in the USA?
Let’s explore whether accounting is considered a STEM (Science, technology, engineering, and mathematics) course in the USA. This question takes us to the intersection of numbers and technology. We want to figure out if accounting fits into the group of STEM subjects, like science, technology, engineering, and math. By digging into this, we’re trying to understand how technology is becoming more important in the field of accounting and how it all connects. So, join us in this journey to find out if accounting shares the same space as STEM courses in the USA.
Yes, accounting can be considered a STEM (Science, technology, engineering, and mathematics) course in the USA, under certain circumstances. Here’s why:
Recent Designation:
In August 2023, the American Institute of Certified Public Accountants (AICPA) and 54 state CPA societies successfully nominated six accounting-related degrees for inclusion on the U.S. Department of Homeland Security’s STEM Designated Degree Program List.
This means that some accounting programs at various universities have now officially received STEM designation.
Factors Determining STEM Classification:
Not all accounting programs automatically fall under STEM. The designation depends on:
- Program curriculum: Programs with a strong emphasis on mathematics, statistics, data/business analytics, and technology within the accounting courses are more likely to qualify.
- University designation: The university itself needs to have an overall strong focus on STEM fields and be approved by the government for STEM program designation.
Benefits of STEM Classification:
- For Students: International students enrolled in STEM-designated accounting programs may be eligible for extended stays on their F-1 visas after graduation for Optional Practical Training (OPT).
- For Universities: STEM designation attracts more international students and helps address the talent shortage in the accounting field.
Note: Not all accounting programs have earned the official STEM designation yet.
It’s crucial to research the specific program you’re interested in to see if it qualifies as a STEM program.
The Miles US Pathway!
Taking this opportunity into consideration for the Indian accountants, Miles Education has crafted an amazing pathway for Indian Accounting students to launch their careers in the lands of opportunity, America! We have implemented an innovative strategy for accountants by incorporating the tech playbook. We’ve partnered with renowned US universities to transform their accounting programs into STEM, integrating Business Analytics. This guarantees that Indian accountants are not only eligible for a 3-year work opportunity in the US on their student F1 visa but also opens the door for an additional 6 years if they obtain their H1B visa.
Conclusion:
In exploring whether accounting is a STEM course in the USA, recent positive shifts are observed with specific degrees gaining STEM designation. This designation, however, depends on factors like program curriculum and university focus on STEM fields. The benefits, including extended stays for international students and addressing talent shortages, make STEM classification valuable. Miles Education’s US Pathway capitalizes on this, providing Indian accountants with an innovative route to headstart their careers in the USA. By integrating technology and business analytics into accounting education, Miles ensures eligibility for extended work permits, marking a strategic and promising pathway for aspiring accountants.