Top Masters in Accounting Programs for Your Career

Choosing the right master’s degree program is an essential step for your career in accounting. This article discusses the best school and program for your needs and future goals. Keep reading to learn what to look for when researching different degree options.

Location and Length of Program

One major factor in choosing an accounting master’s program is considering where you will study and for how long. Some key things to think about:

The decision to move to attend school out-of-state varies; some students can relocate, while others may need to stay within their current area.
Program duration preference is significant; options typically range from 1 to 2 years. Shorter programs can enable quicker entry into the workforce, whereas more extended programs allow more focused time on education.
Some schools let college accounting students start master’s classes early in their junior or senior year. This pathway can save time and money.

Reviewing the Course Offerings

Since master’s programs differ significantly, reviewing the required classes and whether the school offers specialisations that interest you is essential.

Areas usually covered include auditing, ethics, tax law and more. Look at the variety and specifics covered in courses to understand the focus of that program.

For example, the University of X offers courses in advanced accounting law, financial statement analysis, auditing techniques, and current ethical issues. Some universities also offer specialisations in forensic or international accounting.

Future Career Options

A master’s degree equips students for jobs like:

Accountant
Auditor
Financial analyst
CPA
Consultant

When researching schools, look for ones that help with internships and networking. These experiences can boost your resume and connect you with potential employers. For instance, University Y helps over 80% of master’s students find accounting internships.

Also, consider where past graduates work and if alumni actively mentor current students. Building relationships in your desired industry helps when applying for jobs later.

Choosing the Best Program for You

Consider what you want to specialise in – financial management, public accounting, taxation, etc. Programs offer classes geared to different career goals.
Research several schools in your area that offer online classes. Factors in location, cost, accreditation, program length/schedule, and admission requirements.
Depending on the program, you may need to take a graduate school admission test like the GRE or GMAT; give yourself plenty of time to study for and schedule the exam.
Apply to multiple programs, especially very competitive ones. Getting accepted to a few schools gives you options to compare based on cost/aid, teacher expertise and specialisations offered.
Before choosing where to attend school, have a plan for paying for school lined up. Look into financial assistance and budget what you can realistically afford per semester.

Online vs. On-Campus Programs

While online classes offer flexibility, on-campus programs provide more face-to-face networking. But both degrees can share the same academic rigour and career prep level.

On campus, you’ll regularly interact in person with professors, guest speakers, and future colleagues. Online, you can learn these connections virtually through messaging and video conferences.

In the end, though, employers generally see both online and in-class accounting masters as equal. Most diplomas do not say how classes were taken.

Cost and Time to Complete

Online classes are often cheaper since you avoid housing, commuting, and activity fees.
Online master’s students pay similar tuition rates to in-state campus tuition.
Program lengths depend on school/scheduling but are usually 1-2 years, online or in class.
Online allows schedule flexibility but potentially takes longer to finish, which delays your accounting career.
Accelerated bridge programs to earn bachelor’s and master’s quickly are rarely offered online.

Weighing the Pros and Cons

Benefits of an online accounting master’s:

Lower costs
Flexible pacing options
Can work while earning a degree

Potential drawbacks:

Less access to in-person networking
Longer timeline to finish degree
Fewer accelerated program options