Masters in Accounting degree programs are designed for individuals that want to enhance their knowledge of the accounting profession or those who are planning a career in accounting. A master’s degree can help professionals advance in their career and increase their earning potential through various opportunities within the field of accounting.
A graduate degree also prepares an individual for various accounting exams to enhance their careers. Many accounting professionals with a bachelor’s degree pursue an advanced degree to become a Certified Public Accountant (CPA) or a Certified Management Accountant (CMA). Masters in Accounting students can choose courses to develop extensive knowledge in tax and auditing procedures as well as accounting information systems. Coursework in taxing and auditing will focus on how taxes affect a business and how it can affect major business decisions. Many graduate level programs offer students the chance to focus their concentration in a specialized area of accounting such as forensic or governmental accounting.
How to Find the Top Masters in Accounting Programs
The first step to finding the best Masters in Accounting degree is to ensure the school is accredited to award graduate level degrees. Schools with accreditation offer high-quality educational programs that must meet certain requirements from the association that offers the accreditation. Online education has increased in popularity especially for working students. Top online Masters in Accounting programs will offer the courses that are relevant to the graduate degree and employ instructors with experience and expertise in the field of accounting. Aside from the cost of the degree, prospective students should consider the amount of support the school offers their students while completing their degrees. University of Phoenix provides their students with academic support throughout their entire program. Their graduate degree programs offer student support anytime they need it, day or night. University of Phoenix also encourages interaction among students and provides the opportunity to connect with others who share similar interests. Kaplan University is another top ranking online university that offers students with prior work experience credit towards their accounting degree. Academic advisors help individuals decide if the program is right for them. Kaplan University offers financial aid and provides students with information on upfront costs before enrollment. Often, individuals will begin pursuing their degree simply by taking accounting courses as a way to accumulate credits towards a master’s.
Editor’s Choice Rankings
Our editors highlight the top programs in accounting and closely related areas.
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Careers and Salaries for Individuals with Masters in Accounting Degrees
Masters in Accounting salaries typically vary according to the type of accounting work and the location of employment. Accountants working in auditing, estate planning or tax preparation and have the potential to make over $150,000 annually according to their level of expertise. The starting salary for a public accountant with limited experience averages between $41,000 and $50,000 annually. Mid-level public accountants can make up to $100,000 per year. Many careers in government accounting begin at around $50,000 annually and accountants who work in managerial positions typically earn about $61,000 depending on the type of business they are employed with. Accountants working for not-for-profit agencies or organizations typically earn between $42,000 and $93,350 annually. Salaries for professionals with a Masters in Accounting range higher than those who have only obtained an undergraduate degree.
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