Which University is Best for Studying Accounting

In Malaysia, accounting has long been one of the most popular academic disciplines. As the national economy grows and businesses increasingly demand financial professionals, many universities offer high-quality accounting programs that attract both local and international students. But with so many options available, which university truly stands out for accounting?

This guide analyzes several major Malaysian universities that offer accounting programs—namely, the University of Malaya (UM), Universiti Putra Malaysia (UPM), Universiti Kebangsaan Malaysia (UKM), Universiti Sains Malaysia (USM), and Universiti Tunku Abdul Rahman (UTAR). We’ll evaluate them based on academic reputation, curriculum design, faculty strength, tuition fees, geographic location, and career prospects to help you make an informed decision.

University of Malaya (UM) – Malaysia’s Top University, Among Asia’s Best

As the oldest and most prestigious university in Malaysia, UM consistently ranks at the top of the QS Asia University Rankings. Its accounting and business programs are offered through the Faculty of Business and Accountancy, which is one of the university’s strongest departments.

UM’s accounting programs are accredited by Malaysia’s Ministry of Higher Education (MOHE) and the Malaysian Qualifications Agency (MQA), and are also recognized by international professional bodies such as ACCA, CPA Australia, and CIMA. This means graduates can be exempted from several ACCA examination papers, giving them a significant edge in the job market.

UM is located in the capital city of Kuala Lumpur, where many global accounting firms (the Big Four: Deloitte, PwC, EY, and KPMG) have headquarters, offering students valuable internship and employment opportunities.

Summary of strengths:

• High QS ranking and strong academic reputation
• Internationally accredited accounting program
• Located in the capital with abundant career resources
• Advanced facilities and experienced faculty

Ideal for: Students who value academic prestige, aim to pursue international accounting certifications, and plan to work in a metropolitan city.

Universiti Putra Malaysia (UPM) – Agricultural Roots, Rising Business Excellence

Although UPM originally focused on agriculture and life sciences, its Faculty of Economics and Management has grown significantly in recent years, with its accounting program gaining increasing recognition. The curriculum is practical and industry-aligned, emphasizing analytical skills and financial management.

UPM has strong partnerships with local and international companies, offering students well-structured internship programs. Its accounting graduates perform well in public sectors, banks, and auditing firms.

Located in Serdang, Selangor, UPM offers a peaceful campus environment with lower living costs compared to Kuala Lumpur—an ideal choice for budget-conscious students.

Summary of strengths:

• Practical curriculum with strong industry links
• Extensive corporate partnerships
• Lower cost of living in a serene environment
• Emphasis on hands-on experience

Ideal for: Students focused on gaining real-world experience and keeping costs manageable.

Universiti Kebangsaan Malaysia (UKM) – A National Symbol, Balanced in Research and Practice

UKM, also known as the National University of Malaysia, was established in 1970 to promote national language and higher education standards. While its business programs may not enjoy the same level of fame as UM’s, UKM’s accounting program has a solid foundation in both teaching and research.

The university emphasizes critical thinking, ethical awareness, and interdisciplinary education. Accounting students can take electives in economics, law, or information systems—broadening their professional scope.

Located in Selangor and not far from Kuala Lumpur, UKM offers both academic quality and convenience.

Summary of strengths:

• Balanced academic and ethical education
• Flexible and interdisciplinary curriculum
• Strategic location
• Graduates respected by employers

Ideal for: Students seeking holistic development, possibly interested in research, management, or public service.

Universiti Sains Malaysia (USM) – Technology-Oriented Comprehensive University

USM, located in Penang, is one of Malaysia’s three research universities and is known for its excellence in science and technology. However, its School of Management also offers a strong accounting program.

USM’s accounting courses integrate data analysis, digital accounting tools (e.g., Sage, SQL), and information systems—equipping graduates with skills for both traditional roles and emerging fields such as financial analytics and ERP consulting.

Penang’s slower pace of life and relatively lower living expenses make USM attractive to students seeking a less stressful environment.

Summary of strengths:

• Integration of technology and accounting
• Industry-relevant business programs
• Comfortable living environment in Penang
• Graduates with strong adaptability

Ideal for: Students interested in combining accounting with technology, or who are inclined toward data and innovation.

Universiti Tunku Abdul Rahman (UTAR) – High Quality, Affordable Private University

Although a private institution, UTAR’s Bachelor of Accounting (Hons) is accredited by the Malaysian Institute of Accountants (MIA) and recognized by international bodies like ACCA, CPA Australia, and CIMA. The program is practical and broad-based, helping students prepare for certifications and careers.

One of UTAR’s greatest strengths is its affordability—offering a quality education at a lower tuition cost. The university emphasizes academic and practical balance, with internship opportunities, business competitions, community projects, and entrepreneurship support.

UTAR has campuses in Kampar (Perak) and Sungai Long (Selangor), allowing students to choose based on their preferences.

Summary of strengths:

• Affordable tuition and high value
• Programs recognized by professional bodies
• Ample internship and competition opportunities
• Supportive and friendly campus environment

Ideal for: Budget-conscious students who still want international accreditation and strong practical experience.

Private University Options: INTI and Taylor’s University

Apart from the public universities listed above, several private institutions such as INTI and Taylor’s University also offer competitive accounting programs. These universities often partner with foreign institutions in the UK, Australia, and the US, offering transfer programs or dual degrees.

Taylor’s University, for instance, collaborates with the University of the West of England and Toulouse Business School (France), offering globally recognized accounting degrees. Though tuition fees are higher, these private institutions are ideal for students looking to study abroad or gain international exposure.

Key Considerations When Choosing a University

When choosing a university, don't just look at rankings—consider your personal goals and circumstances. The following factors are especially important:

1. Academic Reputation and Professional Accreditation

Make sure the program is recognized by MIA, ACCA, and other professional bodies. This boosts your degree’s value in the job market.

2. Curriculum Design and Teaching Approach

Some programs are theory-focused, while others emphasize hands-on practice. Choose one that matches your learning style and career goals.

3. Location and Living Environment

Kuala Lumpur offers rich resources but is expensive and fast-paced. Places like Penang or Perak are more relaxed and affordable.

4. Tuition and Scholarships

While private universities like UTAR offer affordable fees, living costs still matter. Public universities like UM or UPM may offer scholarships that can ease financial burdens.

5. Career Prospects and Alumni Network

Check graduate employment rates, starting salaries, and how active the alumni community is. You can use LinkedIn or attend university open days to get a clearer picture.

Conclusion: Choose the University That Best Suits You

Overall, Malaysia offers several universities with strong accounting programs. The best choice depends on your preferred learning environment, career goals, financial situation, and personal interests. Here’s a brief summary:

• University of Malaya (UM): Most prestigious, ideal for those aiming for top academic and professional paths.
• UPM: Practical and affordable, suitable for students seeking hands-on experience.
• UKM: Balanced approach, ideal for those interested in research or public service.
• USM: Innovative, combining accounting with technology—great for future-oriented students.
• UTAR: High value for money, suitable for budget-conscious students with professional goals.

Before making your final decision, visit each university’s website, review the course structures, and attend open days or webinars. If possible, talk to alumni or current students to gain firsthand insights into the university experience.