While accounting is stereotypically characterized as a boring job full of number crunching, professionals in the field know that this is a large misconception. In fact, accounting is often called the language of business — it is the system that businesses and government agencies rely on for interpreting financial information, activities, and strength. Simply put, without skilled accountants every business, government agency, and non-profit in the world would come to a crashing halt.
With such high stakes, it’s no surprise that some professionals pursue a Master’s in Accounting (MAcc). These degree programs offer courses that cover the latest developments in critical topics including financial reporting, data analytics, and taxation. Such training ensures that degree holders not only thrive in the evolving world of business, but it also gives students the opportunity to innovate and develop new methods for driving financial success and managing financial data.
Most programs will require a bachelor’s degree and a sufficient GMAT or GRE score. The specifics will vary depending on school, but most department websites list their admission requirements.
Most master’s programs require 2 to 4 years to complete and some schools offer accelerated programs. Of course, students can complete their degrees faster or slower depending on their course load.
Yes, many schools offer a master’s in accounting online.
Yes, most employers accept online degrees, and many well-respected schools offer online programs. The key is to make sure your school is accredited by the AACSB — the gold standard for business-related degrees.
According to US News and World Report, an online masters in accounting costs between $24,000 and $72,000.
A Master’s in Accounting program also trains students to hold their organizations financially accountable. Most professionals already do this, but programs allow students to specialize in particular fields from salary management to tax and environmental policy. Financial management in such fields is intricate, and specializations allow students to become more effective at eliminating the chance for fraud. While job stability and career advancement is a strong incentive to invest in a master’s program — the demand for accountants is rising — the strongest incentive is that it offers a path to a career with immeasurable importance.
For more more resources and career information related to this degree, please read our career guide here.