MBA programs are typically designed for existing business professionals who have a good deal of career experience, but are ready to go to the next level. If you’re been working as a low level accountant and want the education that you need to majorly advance your career, an accounting MBA program could be just what you’ve been looking for. Many busy professionals worry that going back to school will be too difficult, time consuming, and challenging. If you’re already balancing a full time job, family, and personal commitments, it can be difficult to see where a new college degree will fit in. The good news is that it can. With the right program you can gain the accounting knowledge you need to make a big difference in your professional life.
Small sacrifices now can be supremely rewarding in the long run. When you make the choice to commit time and effort to an MBA in accounting now, you can go to bed with the knowledge that you’ll be able to get a higher position and better salary in the future. This in turn may help you free up more time for your family, or more funds for those vacations you’ve been putting off. There are lots of reasons to go for it. With flexible online programs, getting an MBA is now easier than ever.
Accounting MBAs offer both a strong business foundation and a concentrated focus on accounting and finance courses. With an accounting MBA, you’ll be prepared for private, public, or even government accounting positions. You could handle tax preparations, accounts receivable, financial tracking, or general money management. Keeping track of finances is important in every industry. You can even use your skill set to start your own business.
As a self-employed accountant you could take on your own clients and offer financial consulting online or over the phone from the comfort of home. Your MBA in accounting will give you the credibility you need to convince potential clients to bring their business to you. Whether you’re interested in working with big companies or single individuals, you’ll be able to offer a valuable service with your newfound knowledge.
The job outlook for accountants and auditors is good. Employment is expected to grow about 16 percent between 2010 and 2020 according to the Bureau of Labor Statistics, which is about the average. The median annual salary for accountants and auditors was $61,690 as of May 2010. However, those with earnings in the top 10 percent made more than $106,880. With an MBA, you could expect to earn a better than average salary. Other careers you could consider and their associated median salaries include:
- Budget Analyst – $68,200
- Cost Estimator – $57,860
- Financial Analyst – $74,350
- Financial Examiner – $74,940
- Financial Manager – $103,910
- Personal Financial Advisor – $64,750
- Tax Estimator and Collector or Revenue Agent – $49,360
If you’re ready to transform your life with an MBA in accounting, all that’s left to do is find the right school for you. There are lots of options out there. If you’re interested in a flexible schedule and the ability to take classes from home, the library, or anywhere it’s most convenient, an online college is the best option. Consider a school like Southern New Hampshire University, highlighted below.
- Southern New Hampshire University - The online MBA in Accounting from Southern New Hampshire University can be completed in as few as 18 months. This program has received the “Best in Business” award for Best Online Degree Program as well as Best MBA Degree. In addition to your core MBA curriculum, you’ll take accounting classes that focus on finance, capital budgeting, portfolio management, and more.