For graduate students whose ongoing passion for mathematics and analytical thinking is being translated into a pursuit of a Masters in accounting degree, there are different options available. Today’s accountant is someone who not only prepares budgets for corporate clients and does your taxes. The contemporary economy, as data driven as it is, has given rise to specialized accountants, who investigate financial crime fraud, fight tax evaders and uncover cyber crime through computer forensic accounting. Today’s accountant might be a key player in complex financial transactions such as mergers and acquisition or bankruptcies and contract disputes.
With the rise of such a diversity of potential career paths for graduates in accounting, as well as the high degree of potential advancement in this occupation and the need for continuing education to maintain credentials, some schools offer a hybrid-learning format to address the needs of busy adults or current professionals. This type of accounting masters program may combine some on campus classes with online accounting courses, which makes it a fairly flexible option. The structure and curriculum of the program may vary between schools and masters of accounting degrees.
GradSchools.com has tools that help you locate hybrid masters in accounting programs by city, state or country. When you have the search results, you might prefer to open several listings simultaneously to go through the admissions requirement, faculty, coursework, tuition, and other valuable information. Some of these listings might include: Master of Science in Accounting, Masters in Investigations, Master of Professional Practice in Accounting and MBA programs.
As someone who is detail oriented and organized, these skills will come in handy as you select a Masters in Accounting program, since there are different degrees, and various specializations to consider. One of the top questions is whether to enroll in a Masters in accounting or Masters in Business Administration with an emphasis on Accounting Degree Program. Each degree has its usefulness depending on what your career and educational goals are. For instance, do you see yourself pursuing a doctorate degree in accounting? Are you someone who knows now that Forensic Accounting is the right path for you or that without a doubt, you are interested in some type of banking or corporate career?
You have earned a bachelor’s degree and are willing to put in an extra year to earn a Masters in Accounting. You are also seeking to focus on a particular area of accounting such as tax accounting, forensic accounting and auditing. You are looking to advance in or potential open new professional paths in the field of accounting.
Earning a Masters of Accounting degree may also position graduates to be equipped for such exams as the Certified Public Accountant, Certified Management Accountant and Certified Fraud Examiner, since each is an exploration in accounting theory and practice.
Regarded as a specialized graduate degree, the Masters of Accounting, as with the Master of Accountancy, Master of Professional Accountancy, or Master of Science in Accounting will generally include coursework to help students understand the business milieu, however, the focus is on accounting.
If you are looking to gain a comprehensive understanding of business and management practices, or to become a Certified Public Accountant a master’s business administration degree (MBA) with a focus in accounting may help prepare you. As a graduate level program, this type of degree requires that students hold a baccalaureate degree in a related field and that they complete coursework traditionally spread over two years of full-time instruction. Earning an MBA with a concentration in accounting might be ideal for the investment banker of corporate finance career paths.
One of the reasons to earn a Masters in Accounting today is that the business world is highly competitive. If an employer has a choice between a candidate with a Masters of Accounting or MBA in Accounting, and a candidate with a bachelor’s degree, they may prefer someone with more education. In addition, continuing education may be required for a CPA to keep their license.
Accounting is a field where you may work up the corporate ladder; some top executives, such as Chief Financial Advisors, or Financial Managers have a background in accounting, internal auditing, or finance. Someone might start out as a public accountant in an entry-level job and advance to a position with more responsibility in as little as a year, or start out as a cost accountant and advance to budget director. Or, if you are a public accountants, management accountants, or internal auditors you may move from one aspect of accounting and auditing to another.
According to the Bureau of Labor Statistics, accountants and auditors held 1.3 million jobs in 2012 and were employed in a variety of industries. The industries that employed to most accountants and auditors as calculated in 2012 were[i]:
This continues to be an occupation with a positive growth rate; why not review Hybrid Masters in Accounting programs to find the one that will match your goals for the future!
Ohio Northern University