In case you are pursuing a career in finance, you should know you can enjoy a lot of benefits by getting a Master’s degree in accounting. Regardless of whether you are preparing for an advanced accounting career, looking to transition into a specialized area of accounting, or inching closer to securing CPA certification, an online masters in accounting will assist you in reaching your goals.
The more qualified you are as a finance professional, the better your prospects of landing your dream job and making more money. Let’s go over some of the reasons why a graduate accounting degree is the best investment you can make.
- An accountant with a Master’s degree coupled with a few years of experience has a higher likelihood of working in a higher-level or management position. If you secure a Master’s degree, you will enhance your prospects of working as a management trainee; corporations seldom hire undergraduates for these positions. If you land one of them, you will likely make a six-figure salary along with handsome benefits.
- Apart from the financial benefits, a Master’s degree in accounting will better prepare you for your CPA exams. In some US states, this degree is strongly recommended because a number of undergraduate courses don’t focus on accounting. Moreover, a Master’s degree in accounting will make the transition to CPA much smoother. Keep in mind that the four-part CPA exam is notoriously difficult, so this degree will ease your future complications.
- If you get an MBA with a specialization in accounting, you will be better equipped to start and operate your own business. This is because Master’s courses prepare students in areas such as advanced managerial accounting, strategic management, international business, and performance measurement, which can be immensely helpful when it comes to managing your own business.