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Master's Degree in Accounting: Compare Online Accounting Master's Degree Programs

For those who would like to take their accounting career to the next level, a master’s degree in accounting may be the next step up that they need. While finding career opportunities with a basic accounting certificate or bachelor’s degree is fairly easy to do, the jobs and career steps found at the master’s level are not only more reliable but higher paying and tend to have better benefits. An accounting master’s degree may also be considered a step along the way to the chance to own and run your own accounting business if that is the ultimate goal.

Comparison of Online Accounting Master’s Degree Programs

Master’s Degree in Accounting – This degree equips students with the skills and knowledge needed to function as accounting or financial mangers. The program includes subjects such as managerial accounting, cost accounting, auditing, financial accounting and taxation.

MSAF or Master of Science in Accounting Financial Management – This program is designed for individuals who want to focus their graduate studies in accounting and finance and accounting. The program puts emphasis on the financial reporting process and its consequences on financial markets. Students also need to analyze financial information. This master’s degree program prepares students to take up positions of responsibility within financial operations of a firm or organization.

MSAT or Master of Science in Accounting and Information Technology – This program is designed for those who want to focus their studies in accounting along with an emphasis on information technology. Students are prepared to take on positions of responsibility that need integrated expertise in accounting and IT.

Master of Business Administration (Accounting) – This degree prepares individuals for leadership positions in the corporate world, with a focus on accounting. Students will need to master accounting theory and principles, as well as tax and auditing skills.

MSAC or Master of Science in Professional Accounting – This degree is designed to provide specialized education in accounting information systems and taxation. This program provides students with plenty of academic background to pursue a CMA (certification in management accounting) or CPA (certification in public accounting)

Pros and Cons for Online Master’s Programs in Accounting

Whether the ultimate goal is to become a certified public accountant and to work as an independent business owner or to become a master’s level accountant in a major corporation, an online master’s degree can give you the advantage over the competition that you face from others. It is always important to weigh the pros and cons to find the right choice.

Starting with the pros and cons of the online master’s degree program:

The Pros: There are several factors that make an online master’s degree in accounting much more attractive, especially to those who are pursuing a new or secondary career choice.

  • There is far more flexibility in the timing of the classes and course work.
  • It is possible to continue working and living your life while pursing your master’s degree.
  • An accredited program in accounting can be financed through federal and state funds for those who are eligible for the many programs.
  • All learning is accomplished through self-directed lessons, accommodating a variety of personal learning styles.

The Cons: In addition to the many pros of an online master’s degree in accounting, there are a few cons to consider

  • There is no access to a live instructor, in real time, if there is a problem with a course or particular assignment.
  • The motivation factor, learning and coursework are completely self-directed.
  • The college or university that is selected must be investigated to be sure that it is fully accredited.

The online master’s degree program has become even more popular in recent years, especially as more and more people have started looking for better ways to improve their careers. It is the very rare person who can go from bachelor’s to masters’ degree without having to work in between. It should also be noted that in most cases, the master’s degree candidate must have a set number of hours in the undergraduate level before being considered at all.

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