An online MBA in accounting provides learners a quality degree in a format that doesn't disrupt their personal or professional responsibilities. This business-focused master's program offers an in-depth exploration into the field of accounting, and prepares graduates to advance in their careers. The guide below outlines some of what students can expect to learn in their MBA in accounting, and how this advanced degree can set them up for success.
What Is an MBA in Accounting?
The business world is constantly changing, and earning an advanced degree can help professionals remain competitive. Earning a master of business administration (MBA) in accounting provides graduate-level students with deeper knowledge of business practices and number-crunching skills. Coursework explores topics such as business and leadership techniques, marketing, finance, and cost management, and gives students the opportunity for real-world practice through internships and other hands-on experiences.
An MBA in accounting introduces broad business practices, in addition to an in-depth focus on accounting practices. Conversely, a master of science in accounting is solely focused on accounting, as students are limited to a specific finance knowledge. As a result, earning an MBA opens graduates to more career opportunities and a larger industry pool. An MBA best suits students who enjoy working with numbers and analyzing revenue, while also developing leadership and managerial skills that benefit a company.
Why Should You Get an Online MBA in Accounting?
Online learning provides busy working professionals a convenient opportunity to return to school, as students can complete coursework when it suits their schedules and from just about anywhere with an internet connection.
The list of careers available to graduates with an online MBA in accounting is on the rise, as the Bureau of Labor Statistics (BLS) reports jobs as accountants and financial managers are expected to grow faster than average. Additionally, salaries for graduates are also expected to remain competitive and lucrative. The BLS reports the average salary for financial managers as $127,990 and the salary for budget analysts averages as $76,220.
The BLS reports the average salary for financial managers as $127,990 and the salary for budget analysts averages as $76,220.
Although MBA-holders have numerous career paths available to them, professionals must find ways to stand out among colleagues. An MBA in accounting sets professionals apart from others, as it shows a desire for continued learning and broader content knowledge. Additionally, O-Net Online finds that 67% of financial managers hold a bachelor's degree or lower, meaning those with master's degrees have an advantage in the job search.
An MBA gives learners strong leadership skills in order to lead their accounting team to success. Strong leadership skills set job applicants apart and allows them to achieve greater results. Thanks to an MBA in accounting, professionals hold better, higher-paying careers.