For individuals who enjoy the areas of math, statistics, tax preparation, and financial analysis, pursuing a Master of Accounting Degree can provide them with an array of job opportunities in banks, accounting firms, businesses, schools, and corporations everywhere. The field of accounting is expected to grow 22% over the next several years, and professionals in this area earn between $50,000 and $104,000 per year.
Popular jobs for those who hold Master of Accounting degrees include Certified Public Accountants (CPAs), Auditors, Forensic and Investigative Accountants, Financial Managers, and Tax Planners. Accounting professionals often possess both a Bachelor’s Degree and a Master of Accounting Degree. Acquiring both degrees provides professionals with increased marketability and earning potential in the field of accounting. Thus, any individuals who possess at least a Bachelor’s Degree would be wise to pursue a Master of Accounting Degree in order to obtain the vast benefits and opportunities that the field of accounting has to offer.
How to Find the Top Master of Accounting Degree Programs
Fortunately, there are many outstanding schools that offer Master of Accounting Degree programs. Qualified individuals for these degree programs include students who have possessed at least a Bachelor’s Degree from an accredited school. Some important factors that should be considered while exploring a school and its degree programs are: a school’s accreditation, reputation, support services, tuition cost, and the quality of the degree programs. Provided below is a list of some of the top accredited schools that offer some of the best Master of Accounting Degree programs.
1. The University of Texas at Austin: The University of Texas at Austin is accredited by The Association to Advance Collegiate Schools of Business (AACSB) and it is ranked as the best Master of Accounting school by U.S. News and World Report. This school offers a competitive Master’s in Professional Accounting program to individuals who possess at least a Bachelor’s Degree. The tuition cost for this program is $35,098 for residents of Texas. For non-residents, the tuition cost for this Master of Accounting program is $55,927.
2. The University of Pennsylvania: The University of Pennsylvania is accredited by The AACSB and it is ranked as the second best Master of Accounting school by U.S. News and World Report. This school offers a Master’s in Business Administration (MBA)-Accounting Degree to individuals who possess at least a Bachelor’s Degree. The tuition cost for this program is $884 per credit hour for residents of Pennsylvania. For non-residents, the tuition cost is $1,429 per credit hour.
3. Walden University: Walden University offers one of the best online Master of Accounting Degree programs to students who possess at least a Bachelor’s Degree. This program offers an Accounting for the Professional, an Accounting with CPA Emphasis, and/or a Self-Designed specialization. The tuition cost for this program is $840 per credit hour.
Careers and Salaries for Individuals with Master of Accounting Degrees
For accounting professionals who possess a Master of Accounting Degree from an accredited school, there is an abundance of rewarding job opportunities available to them. Provided below is a list of some of the top Master of Accounting careers.
Auditors: The main role of these professionals is to analyze financial statements for errors and inconsistencies. They often work in the accounting firms, audit firms, and audit departments of large businesses. Auditors earn an average salary of $61,900 per year.
Budget Analysts:Budget analysts analyze and review a company’s financial budget. They often work for larger businesses, companies, and corporations. Budget Analysts earn an average salary of $69,090 per year.
Certified Public Accountants (CPAs): CPAs assess financial statements and prepare taxes for accounting firms, businesses, and companies. CPAs earn an average salary of between $40,000 and $98,000 per year.
Financial Managers: The role of the financial manager is budget planning, budget reporting, and budget development. Many of these professionals possess roles as Chief Financial Officers in companies, business, and corporations of many sizes. Financial Managers earn up to $104,000 per year.
With satisfying Master of Accounting salaries of up to $104,000, professionals in this field possess rewarding careers in their communities.