Looking to pursue an MBA in accounting? If so, you may want to consider some of the colleges that offer the program. Accounting is a field that is in high demand and there are many opportunities for professionals in this field. With that in mind, here are five colleges that offer an accredited MBA in accounting.
Types of Accounting Degrees
There are many types of accounting degrees that students can pursue. Some of the most common types of accounting degrees include:
-Bachelors in Accounting
-Masters in Accounting
-Doctoral degrees in Accounting
There are many factors to consider when choosing an accounting degree, including the specific area of focus for the program and which type of career opportunities will be available after completing the program.
Some popular areas of study for accounting degrees include taxation, financial analysis, auditing, and business management. Many accounting graduates go on to work in companies as accountants or auditors. Other careers options include becoming a financial analyst or working in government or nonprofit organizations.
Required Courses for an Accounting Degree
To get a degree in accounting, you will likely need to take courses in business, economics, and accounting.
Business courses may include classes on financial analysis, marketing, and strategic planning. Economics courses may focus on topics like consumer behavior, money and banking, supply and demand, and business cycles. Accounting courses may cover topics like financial statement analysis, auditing, taxation, and cost-benefit analysis.
Some colleges offer a hybrid course that combines some of the above topics. Other colleges offer concentrations in accounting or business administration.
There is no one path to becoming an accountant. However, if you want to become a certified public accountant (CPA), you will need to complete the Certified Public Accountant (CPA) Educational Foundation Coursework program with at least 90 accounting credits.
Estimated Cost of an Accounting Degree
The estimated cost of an accounting degree from some of the top colleges in the country varies depending on the school, but on average, it will range from $120,000 to $160,000. That being said, there are a number of scholarships and grants available which can reduce this cost significantly.
Advantages of an Accounting Degree
There are many reasons why an accounting degree is a good investment. Here are four of the most important:
1. A strong accounting degree can give you a competitive advantage in the job market. Employers value experience and skills in accounting, so having a degree from an accredited college or university will give you an edge over your competitors.
2. An accounting degree will give you a solid foundation for a successful career in finance or business. By learning about financial statements, budgeting, and capital markets, you will be well-prepared to work in any company or organization.
3. An accounting degree can help you develop important problem-solving skills. As you work on complex financial reports and audits, you will need to be able to think critically and find solutions quickly. An accounting degree will equip you with the skills needed to excel in this field.
4. An accounting degree can open up opportunities for you to pursue advanced degrees in finance or business administration. Many highly respected firms look for candidates with an accounting degree who have gone on to earn additional degrees in finance or business administration. By obtaining additional degrees, you can further enhance your career prospects and increase your earning potential.
Disadvantages of an Accounting Degree
An accounting degree may seem like the perfect choice for someone looking to enter the workforce, but there are some disadvantages to consider before making the decision.
First, an accounting degree may not be required by some employers. In fact, according to a study by Dice.com, only nine percent of businesses require an accounting degree for entry-level positions. Additionally, many businesses now offer alternate accounting programs that can be completed online.
Second, an accounting degree may not provide the specific skills that are in high demand by employers. Many businesses now look for candidates with skills in finance, marketing, and business administration. An accounting degree may not provide those skills.
Finally, an accounting degree may not lead to a high salary. According to PayScale.com, the median salary for an accountant is $59,000 per year. That’s lower than the median salaries for other careers such as law enforcement officers ($73,000), engineers ($78,000), and pharmacists ($68,000).
If you’re looking for an accounting degree that will help you reach your career goals, there are a number of colleges out there that offer MBA programs in accounting. Not only will this program give you the skills and knowledge needed to become an accountant, but it will also equip you with the networking opportunities and business skills necessary to start your own accounting firm or pursue a successful career in finance. ###