Online Master’s Degree in Accounting
What does it mean to get a master’s in accounting? Well, simply put better earnings prospects, improved employability, and job roles of greater responsibility. With a master’s degree in this field, you can really become a master in a chosen accounting specialty, meaning that there will be many more job opportunities for you than someone with just a bachelor’s degree.
Reasons for choosing an Online Master’s Program in Accounting
Accountants have rather busy schedules. The Bureau of Labor Statistics (BLS) says that it’s common for accountants and auditors to work more than 40 hours per week, with especially busy hours at critical times of the year, such as during the tax season.
That’s why, for many professionals, selecting an online program for their graduate degree in accounting makes sense as they can study around their busy schedules without having to give up their jobs. There’s one caveat though: flexibility doesn’t mean that the programs will be easy!
Many accountants also choose to get their master’s in accounting online in order to meet educational requirements for certain certifications, such as the Certified Public Accountant (CPA). Needless to say, chances of career progress and improved earnings are much better with this tertiary degree than just with an undergraduate degree.
Coursework for an Online Graduate Degree in Accounting
Going to the online grad school to specialize in a certain accounting field will mean you’ll be crunching a lot of numbers and studying a lot of regulations and financial reporting standards through courses such as:
- Cost Accounting
- Accounting and Information Technology
- Financial Accounting and Reporting
- International Accounting
- Accounting Ethics and Professional Responsibility
- Taxation of Individuals/ corporations/ estates
- Tax Policy
- Intermediate Accounting
- Advanced Accounting
You will also be taught about using updated and advanced accounting software. All in all, your mathematics, economics, analytical, computers and decision-making skills will be greatly hones with this online graduate degree.
Accounting Specialties to Pursue with an Online Master’s Degree
As a master’s student, you will have the option of either focusing on a particular accounting specialty, or distribute your electives over many different topics to give you a general expertise about the field. Some of the specialties that you can focus on during the course of your studies include:
- Accounting Information Systems
- Financial Accounting
- Property Management
- Internal Auditing
- Public Accounting
- Managerial Accounting
- Forensic Accounting
Top-Paying Careers with a Master’s Degree in Accounting
As we mentioned earlier, job opportunities and potential income for you will receive quite a boost once your master’s degree is completed. Take a look at some of these careers that you can pursue and the average range of salaries earned by professionals in these occupations:
|Staff Accountant||$35,204 – $57,361|
|Senior Accountant||$47,700 – $76,422|
|Accountant||$35,833 – $63,106|
|Certified Public Accountant (CPA)||$38,145 – $92,199|
|Financial Controller||$55,180 – $107,206|
|Accounting Manager||$45,201 – $90,098|
|Auditor||$40,764 – $72,001|
Clearly, there’s a lot of scope for growth with a higher-level master’s degree in a technical field like accounting, and therefore it’s a great idea to explore some of the accredited online schools for this degree.