Master of Professional Accountancy or Accounting Master of professional accountancy and accounting degrees tend to be more practice based vs. Common concentrations include forensic accounting, accounting information systems, and information technology. But, it often requires more quantitative coursework, such as advanced statistical analysis and business analytics.
Master of Science in Accounting (MSA) An MSA also qualifies learners to sit for the CPA exam. Common concentrations include government accounting, taxation, and assurance services.
Master of Accounting or Accountancy (MAcc) The best MAcc programs provide advanced knowledge of accounting and prepare degree-seekers to sit for the CPA exam. The average credit load for an MAcc or an MSA degree is 30-36 credits, while a two-year MBA with a concentration in accounting usually requires 60 credits. The main types of master’s degrees in accounting include a master of accounting (MAcc), a master of science in accounting (MSA), and an MBA in accounting.Īn MAcc typically takes one year to complete, whereas most MBAs with a concentration in accounting take two years to finish. We discuss these options in detail below. Students must decide what accounting master’s degree best fits their individual career goals and interests.
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Factors affecting program length include the student’s enrollment status (part time or full time), internship requirements, and accelerated options. The degree typically takes 1-2 years to complete or about 30-60 credits. What to Expect From an Accounting Master’s DegreeĪn accounting master’s degree gives learners an advanced understanding of accounting and business principles. As a typical undergraduate degree provides only 120 credits, a master’s degree in accounting can help aspiring certified public accountants on their path to obtaining the CPA credential. CPA Prerequisite: To qualify to sit for the CPA exam, candidates in most states must have 150 academic credits in accounting or related areas.This might provide candidates with an accounting master’s degree an edge over applicants who hold a bachelor’s. Competitive Advantage: The increasing complexity of financial legislation and the expertise offered by graduate degrees may give corporate recruiters an incentive to hire applicants with a master’s in the field.Higher-level Positions: A master’s degree in accounting paired with relevant experience can open the door to some of the most profitable and prestigious positions in the field, such as financial manager, private equity associate, hedge fund manager, chief financial officer, and chief compliance officer.But, a master’s degree in accounting can help advance careers and satisfy the academic requirements to sit for the CPA exam.Īn accounting master’s degree can help graduates land top-level positions by giving them competitive advantage in the job market. Students with a bachelor’s degree in accounting have the foundational skills to pursue entry-level jobs in the field. Also, learn more about available concentrations, associated costs, and what to expect from this advanced degree.Ĭrunch the Data: What to Expect | Courses | Interview with a Professor | Jobs and Salaries | Top Master’s Programs | FAQ Why Get a Master’s in Accounting? Of those new hires, graduates with an auditing specialization were the most employed.Ĭontinue reading to explore the best master’s in accounting programs to consider. Additionally, the American Institute of Certified Public Accountants (AICPA) reports more than 11,400 master’s in accounting graduates were hired into accounting firms in 2018. These programs build on bachelor’s degree concepts to include more advanced accounting theory and practice.Īccording to 2019 data from the United States Census Bureau, the number of master’s degree-holders 25 and older has doubled since 2000. Master’s in accounting programs teach practical accounting and financial skills. Good accounting programs at the master’s level can boost job opportunities and salary potential. Best Bookkeeping Certificate Programs 2021.Best Online Certificate Programs in Accounting.Best Certificate Programs in Accounting.Best Online Associate in Accounting Programs.Master's Degrees in Forensic Accounting.The Best Master's Degrees in Taxation 2021.Most Affordable Master’s in Accounting 2021.Best Online Master's Degrees in Accounting.Bachelor's Degrees in Forensic Accounting.Most Affordable Online Accounting Programs.Best Online Bachelor's Degrees in Accounting.
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