Top 5 Online MBAs in Accounting of 2022

Updated June 7, 2022 | OnlineMBA.com Staff

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.

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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.

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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.

#1

The University of Texas Rio Grande Valley

School Information
Location Edinburg, Texas
Admission Rate 80%
Graduation Rate 46%
Accreditation Yes Southern Association of Colleges and Schools Commission on Colleges
Percent Online Enrollment 51% Percentage of all students who are enrolled online.

Established in 2013, UTRGV runs campuses throughout the Valley. The school enrolls about 32,000 students in 120 undergraduate and graduate programs. Degree-seekers can choose from 20 fully online degrees.

MBA With a Specialization in Accounting 

UTRGV's online MBA program trains enrollees to oversee various aspects of business enterprises. Students develop specialized accounting expertise. The program requires 36-45 credits depending on whether learners need leveling-up coursework.

Students begin the program with foundation classes that explore financial and managerial accounting theory and their applications. The MBA core covers topics like accounting and financial analysis, marketing, and production and operations management.

Learners use elective credits to study healthcare accounting and accounting for management planning and control. All enrollees study business law for accountants. 

UTRGV's Affordability

All students pay the same tuition regardless of residency. Learners may qualify for scholarships. The program's accelerated format helps students finish the degree faster. Students pay no application fee.

Program at a Glance

  • School Type: Public
  • Accreditation: Southern Association of Colleges and Schools Commission on Colleges; Association to Advance Collegiate Schools of Business
  • Tuition: $472 per credit
  • Required Credits: 36-45
  • Program Length: 12 months
  • Delivery Format: 100% online (asynchronous)
  • Admissions
    • Process: Applicants need a bachelor's degree in any major. They must submit school transcripts and short essays to determine writing competency and communication skills.
    • GPA: 2.75-3.0  
    • Standardized Tests: GMAT or GRE with waivers available
    • Cost: N/A
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#2

University of Maryland-College Park

School Information
Location College Park, Maryland
Admission Rate 44%
Graduation Rate 87%
Accreditation Yes Middle States Commission on Higher Education
Percent Online Enrollment 19% Percentage of all students who are enrolled online.

UMD offers programs through 12 colleges and schools. The school serves about 41,000 students and ranks as one of the nation's top public research colleges. Graduate students can choose from about 200 programs.

MBA With a Specialization in Accounting

UMD offers a 54-credit online MBA with a specialization in accounting. Learners can earn the degree in 24 months. The program requires two three-day opening and closing residencies.

Enrollees build skills in areas like accounting, marketing, and supply chain management. Students learn how to use data analysis and decision modeling to inform managerial decision-making. Degree-seekers develop accounting expertise in taxation of business entities and fraud examination. They also build skills in financial planning and control systems.

Students address real-world challenges and test their skills during projects completed during classes and residencies. Learners can access collaborative online workspaces and comprehensive support. 

UMD's Affordability

Students pay the same tuition regardless of residency. Degree-seekers can finance the MBA with federal student loans, scholastic awards, and reduced tuition through corporate partnerships.

Program at a Glance

  • School Type: Public
  • Accreditation: Middle States Commission on Higher Education; Association to Advance Collegiate Schools of Business
  • Tuition: $1,682 per credit
  • Required Credits: 54
  • Program Length: 24 months
  • Delivery Format: Hybrid (online and on campus)
  • Admissions
    • Process: Applicants need a bachelor's degree and must demonstrate strong quantitative skills through coursework or achievement on the GMAT or GRE test. The program prefers applicants with at least two years of professional work experience. 
    • GPA: N/A
    • Standardized Tests: GMAT or GRE
    • Cost: $75
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#3

University of the Cumberlands

School Information
Location Williamsburg, Kentucky
Admission Rate 80%
Graduation Rate 44%
Instituation Type Private
Accreditation Yes Southern Association of Colleges and Schools Commission on Colleges
Percent Online Enrollment 91% Percentage of all students who are enrolled online.

Kentucky-based UC enrolls about 19,000 students in undergraduate, graduate, and pre-professional programs. The private school lauds rigorous yet affordable education. 

MBA With a Concentration in Accounting

Learners can apply skills from UC's online MBA program immediately in the workplace. Students earn the 37-credit MBA entirely online. Degree-seekers study key areas like marketing and finance.

Enrollees learn how to use analytics to address business problems and inform decision-making. Students choose classes from a portfolio of accounting electives. Options include taxation of business entities and advanced assurance services. 

Students learn how to execute accounting for governmental entities and nonprofits. During a capstone, they apply cross-functional knowledge to complete a paper or project addressing a business need or challenge.

Cumberlands, UC's Affordability

Veterans and active military personnel receive a tuition discount. 

Program at a Glance

  • School Type: Private
  • Accreditation: Southern Association of Colleges and Schools Commission on Colleges; International Accreditation Council for Business Education
  • Tuition: $315 per credit
  • Required Credits: 37 
  • Program Length: 2 years
  • Delivery Format: 100% online (asynchronous) 
  • Admissions
    • Process: Applicants need a bachelor's degree from an accredited college and school transcripts
    • GPA: 2.5 
    • Standardized Tests: N/A
    • Cost: $30
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#4

Liberty University

School Information
Location Lynchburg, Virginia
Admission Rate 51%
Graduation Rate 47%
Instituation Type Private
Accreditation Yes Southern Association of Colleges and Schools Commission on Colleges
Percent Online Enrollment 92% Percentage of all students who are enrolled online.

Virginia-based Liberty features a strong virtual presence. Almost one-third of the Christian school's 100,000 students classify as military personnel. Students can choose from 750 programs that run on campus or online.

MBA in Accounting

Liberty offers an online MBA program with 20 specializations. Students pursuing the 45-credit MBA in accounting degree develop advanced managerial skills and financial expertise. The program runs asynchronously fully online and takes an average of two years to complete. 

Degree-seekers develop skills in areas like accounting, finance, and marketing management. Enrollees complete a four-course specialization that covers cost accounting and tax research. Students learn how to effectively use accounting information systems to record and report accurate data. Liberty allows learners to transfer up to 50% of the MBA's credits from accredited programs. 

Liberty's Affordability

All students pay the same tuition regardless of residency. Liberty's generous credit transfer policy helps enrollees finish the MBA faster with shorter terms. 

Program at a Glance

  • School Type: Private
  • Accreditation: Southern Association of Colleges and Schools Commission on Colleges; Accreditation Council for Business Schools and Programs
  • Tuition: $565 per credit for full-time learners; $615 per credit for part-time learners
  • Required Credits: 45
  • Program Length: 2 years
  • Delivery Format: 100% online (asynchronous)
  • Admissions
    • Process: Applicants need an accredited bachelor's degree and prerequisite business coursework 
    • GPA: 3.0
    • Standardized Tests: N/A
    • Cost: $50
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#5

Florida Atlantic University

School Information
Location Boca Raton, Florida
Admission Rate 63%
Graduation Rate 50%
Accreditation Yes Southern Association of Colleges and Schools Commission on Colleges
Percent Online Enrollment 49% Percentage of all students who are enrolled online.

Established in 1961, FAU enrolls about 30,000 students in 170 programs. Learners can complete degrees on the main campus in Boca Raton and at five other locations. FAU's online programs provide flexibility. 

Online MBA in Accounting

FAU's online MBA in accounting (OMBA) program trains enrollees for leadership positions and CPA certification. Students complete 40-46 credits in about 16 months. The program requires foundation classes in financial accounting and managerial finance. FAU provides waivers for qualified students. 

The curriculum covers core business areas like financial and operations management. Students also complete advanced financial accounting and information systems classes. Learners can choose from about 30 accounting and tax electives. 

Degree-seekers receive free Microsoft Office products and access to workshops and seminars. FAU offers free tutoring for quantitative core courses.

FAU's Affordability

FAU charges the same tuition to all learners regardless of residency.

Program at a Glance

  • School Type: Public
  • Accreditation: Southern Association of Colleges and Schools Commission on Colleges; Association to Advance Collegiate Schools of Business
  • Tuition: $800 per credit
  • Required Credits: 40-46
  • Program Length: 16-23
  • Delivery Format: 100% online (asynchronous)
  • Admissions
    • Process: Applicants need a bachelor's degree in accounting or taxation, or a bachelor's degree and accounting prerequisites. Prospective enrollees need at least four years of professional work experience. FAU requires recommendation letters.
    • GPA: 3.0
    • Standardized Tests: N/A
    • Cost: N/A
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