When should I pursue a Master’s of Accounting degree?

Chances are, if you are considering a Master’s of Accounting degree, you already have a background or career in accounting. Since businesses are always looking for people to manage outgoing expenses and incoming profits, you have picked a solid career path for yourself. However, a Master’s of Accounting degree can give you more growth opportunities and more earning power. According to the United States Bureau of Labor Statistics, accountants made on average $67,190 in 2015.

A 2014 survey by the Graduate Management Admission Council also found that the percentage of employers looking to hire accountants with a Master’s degree has risen significantly. Accountants also enjoy low unemployment rates – so the skills you can learn while earning a Master’s will most likely always be in demand. Another statistic from the United State Bureau of Labor cites that by the year 2024, approximately 544,200 accounting jobs will be available as more and more people continue to reach retirement age.

Getting a Master’s of Accounting degree could allow you to branch out into other areas, including taxes, auditing, or give you the option of working on a consultant basis. This degree would allow you to work with high-profile clients, corporations, or even the government, including law enforcement. Other career options for accountants with a Master’s degree includes actuaries, appraisers, budget analyst, compliance manager, risk analyst, and treasurer.

On the other hand, certain positions may require a Master’s degree. Examples include senior auditors, financial planners, financial managers, forensic accountants, controllers, or chief financial officer. Pursuing a Master’s in Accounting degree can also help you prepare for Certified Public Accountant license exam. Becoming a Certified Public Accountant is the highest honor an accountant can receive.

When reviewing Master’s in Accounting programs, ensure they are accredited by the Association to Advance Collegiate Schools of Business (AACSB) and the Accreditation Council for Accountancy and Taxation.

Finding the best online program to earn your Master’s of Accounting degree just got easier. Click here to check out our top 15 choices for Master’s of Accounting degrees.