Top 5 Online MBAs in Accounting of 2022

| OnlineMBA.com Staff Modified on June 7, 2022

Top 5 Online MBAs in Accounting of 2022

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A top online MBA in accounting prepares graduates for high-paying business careers in accounting, taxation, financial management, and auditing. An MBA distinguishes graduates from competitors with bachelor's degrees. Accountants and auditors earned a median salary of $73,560 in 2020, according to the Bureau of Labor Statistics (BLS). The BLS projects stable growth in accounting, auditing, and related careers between 2020 and 2030.

Designed to assist you in choosing the right online MBA in accounting program, the following page provides an overview of curricula, online program formats, and potential career paths for this degree. Also, see below for relevant scholarships and professional organizations that can support your career journey.

What Is an MBA in Accounting?

Combining business fundamentals with accounting specialization, an online MBA in accounting contains courses such as financial analysis, auditing, and budget management. This versatile degree also usually meets education prerequisites for certified public accountant (CPA) certification, and many graduates become professional accountants in industries such as accounting, insurance, management, and government.

The BLS identifies transportation, government, and finance as top-paying industries for accounting and auditing professionals. Other popular careers for accounting MBA graduates include management analyst, budget analyst, and financial manager.

Online MBA Programs for You

Grow your career, leadership, and business acumen with an accredited online MBA program.

Why Should You Get an Online MBA in Accounting?

Earning an online MBA can benefit students in many ways. The advanced curricula of accounting MBAs enable students to build specialized skills and knowledge in areas of interest such as taxation regulation, forensic accounting, or accounting information systems.

Often boasting asynchronous attendance options, online degree options allow busy professionals to advance their careers without relocating or taking time off from work. For professionals or students from non-accounting-related backgrounds, this degree can pave the way to new careers. MBA programs also offer excellent opportunities for internship and networking with professionals in your desired field.

For accounting and tax professionals with related bachelor's degrees, the accounting MBA often opens doors for promotion and salary advancement. The BLS reports the median salary for accounting and auditing professionals at $73,560. Senior accountant salaries usually range from $72,000-$98,000 as of December 2021, according to PayScale.

What Can You Do With an MBA in Accounting?

Accountant

Tasked with compiling and reviewing tax returns and other financial statements, accountants facilitate their clients' financial operations and tax law compliance. Accountants also sometimes play advisory and/or bookkeeping roles for their clients. Skills required include comfort with numbers, attention to detail, and business acumen. BLS data on this profession reports a median salary of $73,560 annually and projects 7% job growth between 2020 and 2030.

Financial Analyst

Often employed in banking, insurance, or investment/securities industries, financial analysts help to guide client investments. Related job titles include risk analyst, ratings analyst, fund manager, and portfolio manager. These professionals need expert knowledge of financial markets and skills in advanced math, financial analysis, and decision-making. According to the BLS, these professionals earn a median annual salary of $83,660. The agency projects a 7% job growth rate between 2020 and 2030.

Management Analyst

Also called management consultants, management analysts advise executives on means for cutting costs and generating more revenue. These professionals analyze financial reports and other data, observe and meet with employees, and suggest solutions for increasing company efficiency. The BLS indicates that management analysts made an $87,660 median annual salary as of 2020 and projects 14% job growth for this career between 2020 and 2030.

Financial Manager

Responsible for organizational finances, financial managers perform financial monitoring, analysis, and reporting. These professionals also collaborate with executives on strategic planning, goal-setting, and decision-making. Financial managers have skills in management, data analysis, and market trend analysis. BLS data places financial managers' median annual salary at $134,180 and projects 17% employment growth between 2020 and 2030.

Budget Analyst

Budget analysts help with organizational finances by generating and reviewing budget proposals and reports, monitoring spending, and advising company executives regarding funding and finance organizing. These professionals are skilled in analysis, organization, and communication. Budget analysts make a median annual salary of $78,970 in 2020. The projected job growth is 5% from 2020-2030, according to the BLS.

Online MBA in Accounting Curriculum

While online accounting MBA programs vary in the concentrations and courses they offer, all programs include foundational business administration coursework and advanced accounting coursework. See below for sample courses available in most online accounting MBA programs.

  • Financial Analysis: This course teaches students how to formulate financial business strategies and plans. Financial analysis courses focus on how to analyze financial reports and assess investment suitability.
  • Taxes and Business Strategy: Particularly important to aspiring tax accountants, this course investigates the relationship between tax regulations and business activities such as investments, acquisitions, and employee compensation.
  • Forecasting: Forecasting courses cultivate knowledge and skills in operating budget preparation and spending decision-making. Students learn to analyze business trends and risks, cut costs, and consider legislation that affects business.

See More Top MBA Programs

How to Choose the Right Online MBA in Accounting Program

As you research online MBA in accounting programs, choose from well-reputed programs only. Attending a highly regarded school in your desired geographical area can make sense; however, getting your degree online means you can apply to high-quality programs anywhere, so do not hesitate to apply to distant but well-known schools.

Also keep in mind that students at either nationally or regionally accredited schools may receive federal financial aid, but credits and degrees from nationally accredited schools do not usually transfer to regionally accredited schools because the latter meet higher academic standards.

The best online MBA programs also boast programmatic accreditation from the Accreditation Council for Business Schools and Programs (ACBSP), the Association to Advance Collegiate Schools of Business (AACSB), or the International Accreditation Council for Business Education (IACBE).

Earning an accounting MBA can get expensive, so compare tuition rates carefully. Regionally accredited schools sometimes charge higher tuition, but they may offer more financial aid and work-study opportunities. Note whether schools charge per credit or a flat rate per semester, as taking more credits at schools with flat semester rates can save you money. Accelerated programs offering more academic terms per year can also save you money, provided you have adequate time for intensive academic study.

Busy working professionals often opt for part-time online MBA programs that allow them to continue their education without relocating or taking time away from work. However, many programs require internship experience, periodic on-campus visits, and/or a capstone thesis or project. Before applying, make sure that you can meet extracurricular requirements.

Online MBA Programs for You

Grow your career, leadership, and business acumen with an accredited online MBA program.

Scholarships for Accounting MBA Programs

Students seeking financial support should take the time to examine the many need-based, merit-based, and identity-based scholarships offered to college students by schools, professional organizations, private funders, and governments. Students pursuing an online MBA in accounting should consider scholarships specifically designed for accounting students. See below for a selection of these scholarships.

American Institute of CPAs John L. Carey Scholarship

Who Can Apply: Designed to encourage students new to accounting, this scholarship awards $5,000 to non-business degree holders pursuing CPA licensure and graduate degrees in accounting.

Amount: $5,000

Apply for Scholarship

Accounting and Financial Women's Alliance Master's Scholarship

Who Can Apply: AFWA grants this scholarship to women master's degree students enrolled in master's programs at accredited schools.

Amount: $1,000-3,000

Apply for Scholarship

American Institute of CPAs Minority Scholarship

Who Can Apply: AICPA grants this scholarship to minority students enrolled full time in accounting-related degree programs. Eligible applicants must hold a 3.0+ GPA and must be permanent residents or U.S. citizens.

Amount: $5,000

Apply for Scholarship

Alice L. Haltom Scholarship

Who Can Apply: Applicants must be U.S. citizens or legal residents pursuing an Illinois accounting degree and CPA licensure. Applicants need to demonstrate financial need, progress in accounting coursework and have a 3.0+ GPA.

Amount: $4,000

Apply for Scholarship

New York State Society of CPAs Excellence in Accounting Scholarship

Who Can Apply: Created to support worthy accounting students, this need-based scholarship provides $1,250 to part-time and $2,500 to full-time accounting students.

Amount: $1,250-2,500

Apply for Scholarship

Professional Organizations for Accounting

The professional organizations described below provide education, networking, mentorship, and employment resources for accounting professionals and students. Offering a wealth of information on related fields, careers, and industries, accounting professional organizations may help you clarify your career interests, identify compatible MBA programs, and advance your career.

American Accounting Association

Founded in 1916, the AAA supports accounting academics and others interested in accounting research and education. The organization provides annual conferences, publications, and educational resources.

Association for Financial Professionals

The AFP provides events and networking, treasury professional certification, and training for treasurers and other financial professionals. The AFP website provides current industry trend information to help you plan your career path.

Institute of Management Accountants

This organization provides networking, leadership, and continuing education for management accounting professionals. The IMA also runs the certified management accountant certification and publishes white papers, books, and reports.

National Society of Accountants

The NSA advocates for accountants' rights, provides continuing education, and shapes ethical and practical standards for the profession. Member benefits include subscription discounts and a tax help desk.

Institute of Internal Auditors

IAA leads the internal auditing field by establishing practice standards, advocating for auditors, and providing continuing education. Member benefits include access to industry-specific networks and discounts on team development training.

2022's Best Online MBA in Accounting

Our ranking lists five of the top MBA in accounting programs for 2022. Our methodology considers factors such as quality, student success, and affordability.

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