Earning an Online Master's Degree in Accounting

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Everything you need to know about getting an online master's degree in accounting.


Earning an Online Master's Degree in Accounting
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Overview of Online Master's Degree Programs in Accounting

An online master's degree in accounting (MAcc) is becoming increasingly important to employers who hire accountants. A bachelor’s degree in accounting can help you get an entry-level position, however a master's degree is generally required for positions such as chief financial officer. Not only will earning your master's degree help you advance in your accounting career, but it may also increase your earning potential because accountants who have a master's degree earn about $5,000 more per year than those with a bachelor's degree.

The online master's degree program usually lasts between two and three years, depending on if you are attending grad school full-time or part-time. Typically students take their Certified Public Accountant (CPA) exam and their Certified Management Accountant (CMA) exam after completing their degree program. Earning these credentials are quickly becoming national standards for all practicing accountants.

Students who attend an online master's degree program in accounting learn the skills needed to keep track of a company's finances.

Applying to an Online Master's Degree Program in Accounting

Before applying to graduate school, you must have first earned a bachelor's degree. It is not necessary that you have a bachelor's degree in accounting, but it will help your chances of being admitted to the program. If you do not have your undergraduate degree in accounting, you should either have some on-the-job experience or have taken some accounting and business courses during your bachelor's degree program. Keep in mind that you have a stronger chance of being accepted into a program if you have at least two years of accounting experience.

Admissions to master's degree programs in accounting are competitive, and students who were at the top of their class in college have a better chance of being admitted to a program than those who barely scraped by. However, there are many online programs that are less competitive, so students of all abilities can earn their accounting master's degree.

The admissions process to an online master's degree program in accounting varies by grad school. However, there are common supplemental materials that are typically required in each application package, including your college transcripts, two to five letters of recommendation, a personal statement and your General Management Admissions Test (GMAT) scores. Because competition in this graduate program runs high, most programs require that the student earned at least a GPA of 3.0 during their undergraduate education.

How to Choose an Accounting Online Master's Degree Program

When choosing an online graduate program, you need to decide whether you would benefit from a general or a specialized curriculum. Generalized programs provide students with a deep knowledge of all aspects in advanced accounting. Specialized programs allow you to learn more in depth information in one type of accounting, such as forensic accounting or government accounting. This type of program is particularly helpful to students who have clear career goals.

Although most programs graduate students in two or three years, you may be able to find a program offered at an accelerated pace that can last between 1 year and 18 months. Most students pursue this program online because they want to keep their full time job while attending school, so keep in mind that an accelerated format might be too quick of a pace to realistically pursue.

Not all online programs are offered completely through the computer. Some programs have residency requirements in which students must attend part of their courses on campus. You might only be required to attend a week long seminar at the beginning of each semester or attend up to a few semesters on campus. If location and time are a huge factor for you, make sure you pay attention to any residency requirements you program may impose.

What to Expect in an Online Master's Degree Program in Accounting

Students who attend an online master's degree program in accounting learn the skills needed to keep track of a company's finances. Some courses you might take include financial statement analysis, auditing services, federal income taxes, negotiation, law and business management, etc. During the program, you should also take an accounting information systems in which you are trained on the latest technology required for accountants.

Online courses can still provide a quality education for those seeking their master's degree. Lectures can be delivered through a live recording, pre-recorded video, or a written format. Some schools require students to purchase their books, while others make text available online for download. Students are able to interact and network with their professors and peers through the discussion forum and in some cases a live chat. manuvareilles.1blogs.es

Typically, online master's degree programs provide students with the option of completing a thesis or non-thesis program. Students who choose the non-thesis program can graduate after completing all their courses and perhaps taking an exit exam. However, students who choose the thesis option must complete an extensive research paper. You may be required to complete an internship and then write a report based off of something specific you learned there, or you can perform your own research. Whichever approach you take, make sure you are passionate about the subject you choose, as you will be working on it for a large portion of your master's degree program.

Top 10 Online Grad Schools for a Master's Degree in Accounting

  1. University of Phoenix - Online School
  2. Kaplan University - Online School
  3. Ashworth College - Online School
  4. Ashford University - Online
  5. South University - Online Programs
  6. American InterContinental University - Online School
  7. Saint Leo University Online
  8. Colorado Technical University - Online School
  9. Strayer University - Online School
  10. Walden University - Online School

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