Ready to advance your accounting career or hone your accounting skills, but don’t want another bachelor’s degree? Consider an MBA in accounting.
Here you will find the information you need when considering an MBA in accounting. We cover what the degree is, who should apply, costs and learning formats, skills learned, and what to look for in an Accounting MBA program.
We also discuss the return on investment and potential flexibility of the different on-campus and online options.
Elective in an MBA program in Accounting
Accounting MBA programs include core MBA courses such as business ethics, finance, managerial communication, organizational leadership, and marketing. Expect to take these courses in your first year.
The second year offers opportunities to complete MBA internships and capstone projects. You’ll also focus on accounting electives, which prepare you to take the CPA exam and explore accounting specializations.
Electives may include:
- Federal taxation and corporate strategy
- Analysis of financial statements and reporting
- Forensic accounting
- Tax strategy for businesses
Technical skills you will learn
Interpersonal skills you will learn
What To Expect In An Accounting MBA Program
In general, MBA course loads can be rigorous. An accounting concentration requires the ability to perform detailed data analysis.
If studying full-time on campus seems overwhelming, consider taking classes part-time or through a distance learning program that allows you to work at your own pace.
Managing project deadlines and reading loads can be difficult for some. Finding time to study and complete internships can be difficult for others.
Online studies, in particular, push the organizational and time management skills of some students to the limit. Networking can be daunting, especially for introverts. Remote learning means interaction is via video conferencing, which doesn’t work for everyone.
Making a list of your strengths and potential pain points can help you find an accounting MBA program you will succeed in.
What to Look for When Choosing an Accounting MBA Program
Quality Accounting MBA programs hold accreditation and offer resources for students. Other things to consider are the cost, location, and length of the program.
Make sure the programs you are interested in hold both school-wide and program-wide accreditation, which means meeting established standards for high-quality teaching.
You can confirm business school accreditation on campus and online at the accrediting bodies’ websites.
Even if you study online, the location of the school is important. Programs may require intensive on-campus tuition and tuition may vary by location.
If you’re considering taking the CPA exam, check your state’s rules to see if the program meets educational requirements.
If you are interested in career services, an alumni network, internship placement assistance, and MBA scholarship opportunities, make sure the school offers them.
Online programs must provide access to remote library resources, guidance and academic advice.
Full-time accounting MBA programs typically take two years, but part-time study can add about a year to the timeline. Press? Accelerated MBA programs last 12 to 18 months.
Accounting MBAs can come with high costs, but there are ways to reduce them. Consider including attending a public university versus a private college, studying remotely to minimize travel and parking costs, and applying for grants and scholarships.