Masters in Taxation Degree Programs
Masters in Taxation programs are designed for students who aspire to a career as a tax specialist or tax advisor. Within the world of business, tax regulations and laws typically require specialized knowledge and attention. The intricacies of the U.S. tax code, in addition to state-specific regulations, create a need for tax professionals who are trained in this very meticulous and important area of accounting and business. Masters of Science in taxation degree programs teach students how to create and implement successful tax strategies, develop skills in critical thinking along with a solid sense of ethical responsibility. Graduates with a master’s degree are prepared to work in a variety of potential settings such as: small or large corporations, accounting firms, banks and investment companies or in self-employed positions as tax consultants or advisors.
Masters in Taxation: Program Basics
Typical 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. An internship may also be required.Though not all programs have prerequisites, students who wish to enter a master's degree program in taxation are often required to have a knowledge of business, finance or accounting, such as business statistics, financial accounting, managerial accounting and microeconomics. If you have majored in taxation during your undergraduate years, this may leverage your strengths and provide advance techniques, theory, knowledge and potential for career advacncement (BLS).
To be admitted into some master's program in accounting with concentration in taxation, students may need to pass the Graduate Management Admission Test (GMAT) and/or the Certified Public Accountant (CPA) exam. If you have not already passed an official CPA examination, your program might include classes that can help you prepare for and pass the exam.
FUN FACT: Some employers prefer to hire applicants who have a master’s degree, either in accounting or in business administration with a concentration in accounting.[i]
Which Masters in Taxation Graduate Program is Right For You?
Masters in taxation programs are offered through the business schools of several large colleges and universities in the United States. GradSchools.com has easy and well-organized search tools to help you find a program that aligns with your goals. You can initiate a location search to find graduate schools where you might study; choose a city, state or country and review your results.
If where you study is not a criteria but learning format is, browse listings by program format. Distance-learning is often chosen by busy working professionals, or by students who live too far from the school they want to attend. If this is the case for you, search by Master of Science in taxation online programs. The hybrid format of study is a combination of on-site and online courses. The appeal of this format is you get the perks of being on campus, such as use of libraries, gymnasiums, and face-to-face interactions, with the convenience of web-based courses.
Some of the sponsored listings might include Executive Virtual Master of Taxation, MS in Accounting- Taxation, or Master of Science in Taxation. Requesting information from each school is a good way to compare their curriculum and faculty, as well as admissions procedures.
The program coursework in a Masters in Taxation program is designed to create knowledgeable tax professionals through curriculums that may emphasize research and include coverage of technical basics, such as tax compliance and planning. Some programs might even offer an internship in taxation. Typical basic and advanced courses may include:
- Tax concepts and tax research
- Federal taxation and international
- Corporate taxation and partnership taxation
- Taxation of individuals
- Business expenses, deductions and credits
- State and local estate and gift taxation
- Business ethics
Many taxation grad students also take specialized courses, depending on their interests. Some of these courses might include:
- Financial planning courses
- Taxation law
- Strategic tax planning
- Retirement planning,
- Estate planning and gift tax
- Bankruptcy tax planning
- International Tax
- LLC and Corporate Taxation
Why Earn a Graduate Degree in Taxation?
Graduates holding a Masters in Taxation may explore diverse potential careers.
A few of these options might include:Perhaps the most prominent choice is to become an Accountant. According to the Bureau of Labor Statistics, accountants held about 1.3 million jobs in 2014 with an anticipated 11% anticipated growth rate in employment expected from 2014 to 2024.[ii]
Tax Examiners and Collectors and revenue agents ensure that federal, state, and local governments receive the tax money owed from businesses and citizens, review tax returns, conduct audits, identify taxes owed, and collect overdue tax payments. This is more of a regulatory position that focuses on ensuring businesses and other major entities adhere to the tax code. Due to the budget cuts in the Internal Revenue Service, the primary employer of professionals in this field, employment of tax examiners and collectors, and revenue agents is projected to decline 6 percent from 2014 to 2024.[iii]
Tax Preparers are employed in a variety of areas, from accounting and payroll, to management consulting, legal services, and other financial investment activities.
Financial Advisors provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances. This is the fastest growing field, as an aging population means more people are seeking advice for their retirement. The BLS predicts that employment of personal financial advisors will grow 30 % from 2014 to 2024, which is much faster than the average for all occupations.[iv]
Take the Next Step
If you are interested in a concentrated education in taxation, a Master of Science degree in Taxation is designed as a program that prepares graduates with the research skills and knowledge to act as responsible tax professionals who understand the complexities of the field. Why not search for the program that aligns with your ultimate career goals on GradSchools.com!
Sources: [i] bls.gov/ooh/business-and-financial/accountants-and-auditors.htm | [ii] bls.gov/ooh/business-and-financial/accountants-and-auditors.htm | [iii] bls.gov/ooh/business-and-financial/tax-examiners-and-collectors-and-revenue-agents.htm | [iv] bls.gov/ooh/business-and-financial/personal-financial-advisors.htm
St. John's University
What They’re Known For Based in New York City, St. John’s University is a diverse academic community with a globally focused curriculum.The Tobin College of Businessgives students the opportunity to learn from top...
University of Hartford
The MSAT program is designed for students who seek to develop or advance a career in professional accounting or taxation in industry, public accounting, government, or not-for-profit organizations.
- West Hartford, CT
Purdue University Global
Examine the United States income tax on foreign-earned income and the taxation methods of other countries. Study the concepts, processes, and information sources relevant to tax research, including the Internal Revenue Code, treasury regulations, and fe...
- Augusta, ME
- Saint Louis, MO
- South Portland, ME
- Cedar Falls, IA
- Milwaukee, WI
- Rockville, MD
- Omaha, NE
- Mason City, IA
- Lincoln, NE
- Lewiston, ME
- Indianapolis, IN
- Hagerstown, MD
- Davenport, IA
- Cedar Rapids, IA
- Des Moines, IA
Liberty University Online
MSA: Taxation (Spring Deployment) Liberty University’s ACBSP accredited Master of Science in Accounting: Taxation, 100% online program, explores the area of accounting as it relates to the ethics, development, and implementation of taxation in s...
- San Luis Obispo, CASan Luis Obispo, CA
California State University, Cal Poly
Masters of Science in Taxation prepares graduates for careers in public accounting, industry and government...
- Provo, UTProvo, UT
Brigham Young University
- South Orange, NJSouth Orange, NJ
Seton Hall University
MS program focuses on one specific field requiring the support of "re-tooled" managers with updated skills and information in their respective areas.
Nova Southeastern University
Master's of Taxation: 36 credit hours; 18-month program; program starts in October, January, April, and July.
- Orlando, FLOrlando, FL
University of Central Florida
The Master of Science in Taxation degree program is designed to prepare individuals for careers as Tax Professionals and Tax Consultants in public pra...
- Philadelphia, PAPhiladelphia, PA
Jefferson (Philadelphia University + Thomas Jefferson University)
he M.S. in Taxation program is geared toward practicing accountants in the fields of public, corporate, and governmental accounting as well as lawyers, financial managers and planners who need extensive information and formal study.
- Atlanta, GAAtlanta, GA
Georgia State University
- Albany, NYAlbany, NY
University At Albany (S.U.N.Y.)
Concentrations in;Methodology of Tax ResearchInternational and Domestic Tax Planning Problems...
- Louisville, KYLouisville, KY
Our MST program is highly focused and practice-oriented, dedicated exclusively to the study of taxation.
- Boise, IDBoise, ID
Boise State University
The primary role of the program is to prepare students for careers in public accounting as certified public accountants. The program focuses on the au...
- Fullerton, CAFullerton, CA
California State University, Fullerton
An evening program designed for the fully employed student.
- Taejon, KoreaTaejon, Korea
Chungnam National University
- Auckland, New ZealandAuckland, New Zealand
University of Auckland
The University's comprehensive range of postgraduate study programmes is internationally recognised, attracting students from all over the world.
- Bronx, NYBronx, NY
Full and part-time programs are offered at both New York campuses: Lincoln Center, Manhattan and Tarrytown, Westchester Anderson University...
- Chicago, ILChicago, IL
Northwestern University School of Continuing Studies
Given the increasing trend toward specialization and the growing complexity of tax law, the need for in-depth education in all aspects of federal and...
- Smithfield, RISmithfield, RI
The Master of Science in Taxation (MST) degree is a part-time program designed for individuals who have a basic knowledge of the Internal Revenue Code...
- Jacksonville, FLJacksonville, FL
University of North Florida
The MACC program at UNF places utmost importance on reflecting accounting as a modern profession, and the accountant as a modern professional.
- Hempstead, NYHempstead, NY
Master's programs in Taxation expose students to innovative strategies, group interaction, and simulated business situations.