Campus Masters of Accounting Programs near Cleveland
For graduate students with a keen interest in acquiring the finance and accounting skills necessary to become professional accountants, there are various masters in accounting on campus programs to choose from. Each has merit, depending on your undergraduate degree, and career or education goals. Why consider taking your education to the next level? The current business marketplace is quite competitive. There is a growing trend for employers to prefer candidates who have a master’s degree, whether in accounting or in business administration with a concentration in accounting[i].
If you are searching for masters in accounting on campus programs you can locate them using the GradSchools.com location tabs, whether by city, state or country. Compare several listings simultaneously so you can look into whether the program is accredited, tuition costs, faculty, admission requirements and coursework. Some of the listings might include Master of Accounting with a Concentration in Business Valuation, Master of Business Administration (MBA) – Accounting Emphasis, Master of Accounting, Master of Science in Accounting and Master of Science in Taxation.
Studying accounting on campus might be the best format for the student who is not interested in or self motivated enough for online accounting programs, which do allow students to study when it is convenient. Some students perform better with the ritual of getting to class on time, and enjoy the face-to-face interaction with peers, classmates and professors. Plus, for some students, the idea of participating in college life, using the libraries, going to different buildings for classes is stimulating and rewarding.
FUN FACT: The Italian Luca Pacioli, is recognized as The Father of accounting and bookkeeping and was the first person to publish a work on double-entry bookkeeping, and introduced the field in Europe[ii]. Click To Tweet
In order to become a certified public accountant (CPA), students must pass the CPA exam. Candidates are required by most States have 150 hours of accredited college education--30 hours beyond the standard bachelor's degree requirement for the CPA exam. To accumulate the extra credit hours, why not earn an additional education credential like a master's degree?
Having decided to pursue a master’s level education in accounting, you are now faced with different masters in accounting programs. Do you choose to pursue a Masters in accounting degree or a Masters of business administration MBA degree with a concentration in accounting?
These programs include the Master of Accountancy, Master of Professional Accountancy, or Master of Science in Accounting. The MSA is well suited for those with bachelor’s degrees in accounting and other business areas aspiring to pursue a career in public accountancy, as it positions graduates of this program to satisfy the educational requirements for CPA licensure in some States.
In general each of these is a specialized graduate degree in accounting and while they may include a few courses meant to offer a general perspective of the business milieu, the focus is much more narrowly on accounting. Concentrations are also frequently available to further deepen specific areas of accounting knowledge; taxation, forensic accounting, reporting and assurance are some options. The result is that holders of a masters in accounting degree will have a deeper and more extensive knowledge of accounting practice and theory than MBA students, making them better matched to accountancy work and better prepared to pursue doctoral coursework.
Earning an MBA in accounting, or an MBA with a concentration in accounting, is a degree that often combines some advanced accounting knowledge with a broader management and business point of view. This may be useful if you are aspiring toward a career in investment banking or corporate finance. In general, a Masters of Business Administration in Accounting might help students gain an inclusive understanding of business practices, and may be more of a general degree with an emphasis in accounting.
Earning a Masters in accounting may prepare students for a variety of potential career paths in corporate, government and private sectors. Some of these occupations might include:
Accountants and Auditors examine and prepare financial documentation. Some choose to specialize in areas such as risk management, or assurance services and others may specialize in accounting for a particular industry such as healthcare. The Bureau of Labor Statistics has defined four major groups of accountants[iii]:
Chief financial officers (CFOs) are responsible for the accuracy of a company’s or organization’s financial reporting, especially among publicly traded companies. They are the directors of an organization’s financial goals, objectives, and budgets[iv]
Budget analysts help public and private institutions organize their finances, and prepare budget reports as well as monitor institutional spending. More employers are preferring candidates with a Masters in accounting[v]
Financial Analysts assess the performance of stocks, bonds, and other types of investments. For advanced positions, employers often require a master’s in business administration (MBA) or a master’s degree in finance from prospective candidates as knowledge of options pricing, bond valuation, and risk management are important[vi]
In the field of accounting, certification within a niche field may improve your job prospects, which is one of the reasons many accountants become Certified Public Accountants. If you are ready to advance your education, and potentially, your career and salary, why not review masters in accounting on campus programs on GradSchools.com now!
Sources: [i] bls.gov/ooh/business-and-financial/accountants-and-auditors | [ii] en.wikipedia.org/wiki/History_of_accounting |[iii] bls.gov/ooh/business-and-financial/accountants-and-auditors |[iv] bls.gov/ooh/business-and-financial/budget-analysts | [v] bls.gov/ooh/business-and-financial/financial-analysts