Online MBA programs can be an excellent option for business professionals looking to advance their careers without relocating or taking time off work. An MBA specializing in accounting can help business professionals build their leadership and financial skills. Many programs also offer specialized courses like healthcare and international accounting to help students grow their expertise in specific areas.
Earning a Master’s Degree
A graduate degree can increase your pay and open up new career opportunities. For instance, according to the Bureau of Labor Statistics, accountants with a master’s degree are qualified for positions in company management. The salary for these positions is typically much higher than other jobs in the industry. Whether you’re already an accounting professional or interested in pursuing this career path, the right online MBA in accounting program can help you develop your skills and credentials for advancement. These programs also offer networking opportunities with alums and faculty in the field who could become mentors for you.
It allows students to build their expertise while working full-time and living on their own terms. This program includes cost accounting, taxes, and accounting information systems courses. It also provides a deep dive into accounting theories and practices so that you can advance to leadership roles.
Obtaining Certifications and Licensing
A Master of Business Administration in accounting is frequently necessary for public and private sector career advancement. According to the Bureau of Labor Statistics, accounting and auditing professionals with an MBA make much more money than those with a bachelor’s degree. A well-rounded MBA curriculum typically includes coursework that builds leadership and management skills and accounting expertise. Coursework can consist of financial reporting, forensic accounting, and taxation regulations. An online accounting MBA program may also prepare students for the CPA exam. Some programs even offer a CPA track; an internship or capstone project is a common requirement.
An online MBA emphasizing accounting offers the flexibility to pursue a degree that aligns with your career goals.
Developing Leadership Skills
While an MBA program teaches advanced business topics, it also includes courses that develop students’ leadership and management skills. Students learn to formulate business strategies, assess financial risk, and make sound decisions based on facts and figures. Those skills are valuable because they can help students take charge of their professional lives and make critical career decisions. According to the U.S. Bureau of Labor Statistics, a well-rounded MBA education also gives graduates the flexibility to pursue various employment opportunities.
In addition to accounting and leadership coursework, online MBA programs often include finance, human resources management, and strategic planning classes. They also provide an opportunity to network with classmates and faculty. When choosing an MBA program, consider its reputation, faculty members’ credentials, and industry experience. Then, compare tuition rates and learn whether schools offer flat semester rates or bill per credit. Finally, look for accelerated programs like those offered at William Paterson University that allow you to finish your degree in less than two years.
Developing Expertise in a Specific Area
An online members’ program can help you become a master in a specific area of accounting. This will increase your value in the eyes of employers because you can provide the expertise they are looking for. This is especially important because the accounting field is constantly changing, whether in laws, regulations, technology, or best practices. Many online programs are designed to be flexible for busy professionals. Many offer asynchronous courses so that you can attend classes at a time that fits your schedule without having to travel or take leave from work. Some even have networking opportunities, so you can find employment or pursue additional professional credentials after graduation.
An MBA in accounting is a versatile degree that can prepare graduates for various manager and executive positions. It also meets the education requirements for becoming a certified public accountant.