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MASTERS DEGREE IN ACCOUNTING

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Grad SchoolsDESCRIPTION – MASTERS DEGREE IN ACCOUNTING: The Masters of Accountancy– MAcc – degree is a post-baccalaureate degree emphasizing advanced expertise in accounting theory.  The Masters of Accounting degree can serve an interim step if one subsequently pursues a Ph.D. in various business specialties available.

Grad SchoolsFOCUS: A Masters of Accounting degree focuses on in-depth skills and techniques in accounting.  You can also choose to pursue a Masters of Accounting degree in a more specialized area, e.g. a Masters of Accounting degree in Forensic Accounting, a Masters of Accounting degree in Public Accounting, a Masters of Accounting degree in Tax Accounting, or a Masters of Accounting degree in Auditing.  Regardless of any specialty selected, the emphasis of the Masters of Accounting degree is always on the theory and practices of business accounting.  A Masters of Accounting degree can also be used to complement degrees you may have in other specialized professional areas, combining an accounting technical expertise with a business understanding – e.g. a Masters of Accounting degree with a separate medical degree for a career in healthcare finance, or an Masters of Accounting degree with a separate Computer Science or Business Systems degree for a career in financial technology services.

Grad SchoolsEDUCATIONAL SOURCES: A Masters of Accounting degree can be obtained from many educational resources.  There are many online Masters of Accounting degree programs available from private, public, and for-profit graduate schools.  Most universities and many graduate-level colleges offer the Masters of Accounting degree within their business school; the Masters of Accounting degree program may be even established as a separate standalone program within a specially-named graduate institute.  Most make their Masters of Accounting degree program available to part-time students.  An undergraduate degree in accounting, emphasizing core courses in cost accounting, taxation and intermediate accounting, is typically a prerequisite to acceptance into a Masters of Accounting degree program.  Many companies offer tuition support for employees seeking a Masters of Accounting degree.

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BENEFITS OF AN Masters of Accounting Degree:

  • A Masters of Accounting degree, especially when combined with a technical degree or other professional expertise in healthcare, technology, etc, can open many career doors if you are looking for a business finance leadership role. 
  • The positions of Controller, or a Chief Financial Officer, or other senior financial management roles often require a Master’s degree in Accounting.  Senior roles in accounting can be found in various employment sectors, including federal, state and local government; nonprofit organizations; private corporations; and accounting and tax preparation companies.
  • At least 40 states within the United States require Certified Public Accountant (CPA) license applicants to posses 150 educational credits.  This requirement can typically be fulfilled by first obtaining a Bachelor’s Degree in Accounting, followed by completing a Masters in Accountancy program.  CPA certification is typically required if seeking a career in public accounting or one intends to establish his/her own public accounting practice.
  • Employment opportunities for individuals with accounting degrees are excellent and are expected to remain so for years to come.  Those who obtain a Masters in Accountancy are even more highly desirable.  Starting salaries for those with a Master in Accountancy are usually offered a beginning salary of around $3000 per year more than those with a Bachelor’s Degree.