San Diego Masters in Taxation Campus Programs
Masters in Taxation campus graduate programs are designed to offer students seeking a career as a tax specialist a comprehensive education. If you have an undergraduate degree in accounting, a Master of Science in Taxation may offer you more in-depth professional procedures, keep you current with the latest tax software or help you fine-tune your skills to offer a possible boost to an ongoing career. With globalization, economic growth and increasingly complex tax and regulatory environments, the need for properly trained tax professionals is growing, with an anticipated 11% projected increase in employment anticipated between 2014 and 2024.[i] so why not consider a Masters in Taxation to meet this trend head on!
Advantages of earning a Masters in Taxation on-Campus
A masters in taxation on campus program offers hands-on learning experience with the opportunity to cultivate new networks and interact with faculty. Many students actually study better in group environments where they might be able to interchange ideas with fellow classmates. Also, being on campus means you get access to the facilities and student services.
Whereas typically online programs are known for convenience, many on campus programs hold classes on weekends or evenings, and do not schedule courses during the heavy tax season in order to accommodate busy working professionals.
If this sounds right for you, use the location settings on GradSchools.com to find a college or university in the city, state or country of your preference. In general, Masters of Science in Taxation programs take from 7 months in an accelerated program to 2 years to complete, and may require students to possess a Bachelor's degree and a background in business, finance or accounting. An internship may also be required; make sure to request information from the school in consideration.
Some of the options you might find may include Master of Science in Taxation and MS in Accounting –Tax Specialization. Many programs are designed for currently practicing accountants, lawyers, financial managers and planners who need extensive information and formal study in taxation. Other programs prepare students to become tax advisors and may have a different curriculum
Will Earning a Masters in Taxation Pay Off?
If you anticipate working in finance, some higher-level jobs may require a master’s degree in business administration or in finance. The Financial Industry Regulatory Authority (FINRA) is the central licensing organization for the securities industry, and it requires licenses for many financial analyst positions.[ii]
If you aspire to work as a tax accountant, many employers also favor candidates who have a master’s degree, either in accounting or in business administration with a concentration in accounting, and those have a Certified Public Accountant (CPA) license.
Potential Coursework in MS Taxation Campus Programs
Some of the main taxation issues that students might explore might include:
- Determination of taxable income
- Determining the applicable tax rate
- Structuring tax shelter
- Capturing taxable transactions
- Recording appropriate deductions
- Computing deferred tax credits and liabilities.
Coursework may vary depending on any specialization in taxation that students take such as:
- Financial planning
- Strategic tax planning
- Retirement planning
- Estate planning /gift taxation
- Bankruptcy tax
Most programs offer core courses in topics such as:
- Tax research
- Tax law
- Tax theory
- Federal and international taxation
- Corporate and partnership taxation
- Taxation of individuals
- Business expenses, deductions and credits
- State and local estate and gift taxation
Ready to Pursue a Master of Science in Taxation?
Ideally, if you plan to work as a tax professional, you are proficient in mathematics, are detail oriented and organized. Many tax accountants work with clients and need both an analytical mind and good communication skills. With these qualities and a degree from a Masters in Taxation on campus program, continued success may be your dividend; review campuses on GradSchools.com today!
Sources: [i] bls.gov/ooh/business-and-financial/accountants-and-auditors.htm | [ii] bls.gov/ooh/business-and-financial/financial-analysts.htm | bls.gov/ooh/business-and-financial/accountants-and-auditors.htm