Want to study accounting but not sure how much it costs?
To get a clear understanding of the different tuition fees out there, let us show you how much it costs to study accounting in private universities in Malaysia.
We also show you the cost of pursuing an accounting degree, diploma or CAT in different parts of Malaysia.
How Much Does An Accounting Degree Cost?
To pursue an accounting degree you first need to complete a Foundation or International Pre-University course. You will need 5 credits in SPM or 3Bs in UEC to enter these courses.
If you scored 5Bs in UEC you can proceed directly to a degree.
Foundation courses cost RM14,000 on average. These courses allow you to focus on studying subjects relevant to your degree. They are also more affordable compared with other courses.
International Pre-University courses such as A-Level, SACE International and the Canadian International Matriculation Programme cost RM25,000 on average because they give you the flexibility to choose what and where you want to study next.
A 3-year accounting degree will cost RM70,000 on average.
During your degree, you will learn how to analyse financial data and help companies gain a competitive advantage.
You will also work with professionals at top banks and auditing firms such as Maybank, Deloitte and Standard Chartered through internships, projects and finance competitions.
The total average cost of pursuing a degree is RM84,000 for Foundation students and RM95,000 for International Pre-University students.
Most students take the ACCA or CPA exams to become a chartered accountant after they graduate. These exams demonstrate you’ve mastered important accounting skills to employers and help you advance your career. However, you can study a 4-year degree if you want to be exempt from taking these papers.
How Much Does An Accounting Diploma Cost?
You can pursue a diploma in accounting with 3 credits in SPM and UEC. A diploma is a 2-year course that teaches you relevant accounting skills. Accounting diplomas cost RM24,000 on average.
Diploma students begin working earlier than degree students. This allows them to start their career early compared with degree students who will take an additional 2 to 3 years before embarking on their career.
You also save more in tuition fees compared with degree students who pay up to RM100,000 to complete a 3-year degree.
How Much Does CAT Cost?
You can pursue a Certified Accounting Technician (CAT) course with 5 credits in SPM. If you took UEC, CAT entry requirements will depend on your chosen university.
CAT courses give you basic accounting knowledge to pursue ACCA qualifications to become a chartered accountant. These courses cost RM14,000 on average.
CAT is a good choice if you are certain that you want to study accounting, since CAT courses are highly focused on teaching subjects related to accounting such as auditing or taxation.
CAT courses are also one of the most cost-effective ways to complete your accounting education since you can self-study for the ACCA exam which costs around RM4,000 to complete.
The total average cost of studying CAT and taking ACCA exams is RM18,000.
Cost of Studying Accounting Across Malaysia
The cost of studying accounting will vary depending on where you choose to study.
This means you can find a university that fits your budget by choosing the right location.
Check out the total cost of pursuing an accounting diploma, degree or CAT across different regions in the diagram below.
This includes the cost of your Foundation or International Pre-University course before pursuing a degree. We also show the total cost of CAT courses with ACCA exams.
Kuala Lumpur and Selangor offer the widest variety of accounting courses for students to choose from.
Penang universities are surrounded by vibrant tourist attractions and activities for students to explore.
If you’re looking to study abroad or experience studying at international universities, Johor is the perfect location for you.
Universities like Sunway University & Colleges allow students to transfer to Australia and earn a degree awarded by Victoria University.
Accounting courses in Pahang are more affordable compared with courses in the Central and Southern regions.
Universities such as DRB-HICOM University of Automotive Malaysia offer degrees costing RM55,000 on average and Foundation courses costing around RM10,000.
Sarawak is popular for some of the most scenic spots in Malaysia,and universities there are often surrounded by natural greenery with open campus environments. They also offer affordable diploma courses which cost RM23,000 on average.