The Master's in Accounting (MSA) equips you with expertise in advanced accounting, sharpens your skills to stay adaptable in an ever-evolving industry, and fosters a creative, forward-thinking mindset.
As businesses navigate evolving regulations and financial challenges, the need for professionals who can ensure compliance and manage financial health continues to grow. With an MSA or MSA/MBA degree, graduates are well-equipped to excel in roles such as financial analysts, auditors, tax advisors, and even CFOs—positioning themselves as key players in any organization's success.
What is an MS in Accounting?
A Master's in Accounting provides the expertise needed to thrive in the evolving world of accounting. This program, tailored for individuals with an undergraduate degree in accounting based on US standards, integrates advanced accounting techniques, analysis, and strategic management. It prepares participants for the complexities of today's business environment. Graduates are adept at navigating financial regulations, optimizing tax strategies, and guiding organizations toward sustainable growth. There are two focus areas of study within the MSA: tax and audit. Concentrate your expertise on tax for a deep dive into strategy and compliance or choose audit to develop skills in risk assessment and financial accuracy. The MS in Accounting program at the D'Amore-McKim School of Business meets CPA exam educational requirements in most states. A professional review course is typically recommended before taking the exam.
What is an MS in Accounting/MBA?
A Master's in Accounting/MBA is designed for individuals without an undergraduate degree in accounting who are seeking to transition into the field. This program equips students with the essential accounting skills alongside broader business knowledge, offering a unique blend of financial expertise and strategic leadership. Graduates are prepared to navigate complex financial regulations and take on management roles in diverse industries, making them well-rounded professionals in both accounting and business. This program also meets CPA exam educational requirements in most states. A professional review course is typically recommended before taking the exam.
What are the job prospects for candidates with an MS in Accounting or MS in Accounting/MBA?
Accounting jobs continue to grow steadily with the economy as more companies go public and globalize their operations. The Bureau of Labor Statistics (BLS) expects accounting jobs to grow by 6 percent through 2032, outpacing the 4 percent average for all occupations. This growth is driven by increasing demand for transparency in corporate finances and more complex financial regulations.
For those with an MSA, there are abundant career opportunities in areas like audit, forensic or tax accounting with strong earning potential as businesses seek experts to navigate the complexities of today's financial environment. Pairing this knowledge with practice in leadership and strategy can guide graduates to prosperous career paths. There are career opportunities in areas like consulting, managerial accounting, and financial analysis, with strong earning potential as businesses seek leaders with critical accounting knowledge. Many students pursue the CPA designation after graduation. Although not mandatory for all accounting roles, this credential can lead to higher salaries and more promotion opportunities.
An MS in Accounting or MS Accounting/MBA can prepare you for these positions:
Auditor
Auditors ensure the proper management of an organization's finances by evaluating revenue sources, internal controls, and risk management strategies. Internal auditors address waste, fraud, and risks while external auditors independently review financial statements for accuracy. Their work reassures stakeholders. As of 2023, the median annual salary for accountants and auditors is $79,880. Auditing is a strong foundation for developing into a Controller or CFO role after gaining many years of experience.
Tax Consultant
Tax consultants ensure accurate filings that comply with federal, state, and local regulations. Their duties include analyzing records, preparing returns, and finding tax-saving opportunities while minimizing audit risks. They stay updated on changing tax laws and frequently serve as consultants advising clients on tax favorable strategies on a broad range of business transactions including mergers and acquisitions, business structures, asset management, international operations, compensation, and much more. making them valuable assets in today's complex financial landscape.
Forensic Accountant
Forensic accountants use their investigative skills to uncover, analyze, and evaluate financial evidence. They detect fraud, prepare legal reports, and provide expert testimony in legal settings. By interpreting complex financial data, they help resolve disputes. Forensic accountants earn competitive salaries due to their specialized skills in fraud investigation and litigation support.
Financial Analyst
Financial analysts guide businesses and individuals in making investment decisions for optimal returns. They analyze stocks, bonds, and other assets to recommend suitable portfolios, evaluate financial data, study economic trends, and assess company value. Employment is projected to grow 9 percent from 2022 to 2032. As of 2023, the median salary for financial analysts is $99,890.
Managerial Accountant
Managerial accountants help businesses make informed financial decisions by analyzing internal data. They focus on budgeting, forecasting, cost control, and performance evaluation, providing insights that boost efficiency and support strategic goals. MSA/MBA graduates bring advanced accounting skills and business acumen to this role, making them key contributors. As of 2023, their median salary is $82,620.
Controller
A controller manages a company's accounting operations, requiring broad experience in various accounting areas. Their duties include overseeing financial reporting, budgeting, investments, and risk management. In smaller firms, controllers often make final financial decisions, while larger firms assign more specialized roles. Financial managers earn a median salary of $156,100 with a projected job growth of 17 percent between 2022 and 2032—much faster than the national average.
Chief Financial Officer (CFO)
A CFO leads a company's financial strategy and operations, drawing on extensive experience across financial planning, risk management, and investment oversight. Their responsibilities include guiding financial reporting, directing budgeting processes, and establishing long-term financial goals. In smaller firms, CFOs may directly manage financial decision-making; in larger organizations, they collaborate closely with specialized finance teams. As of 2023, job growth for executive positions is expected to grow by 6 percent in the next decade with an average salary of over $100,000.
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Is a master's degree in accounting right for you?
If you think a career in accounting is right for you, graduate education can be one of the best ways to develop the expertise you need. At D'Amore-McKim, our innovative, experience-based Master's in Accounting and Master's in Accounting/MBA program will prepare you to respond to challenges and deliver successful solutions quickly and confidently. Both programs at D'Amore-McKim meet CPA exam educational requirements in most states, which can lead to higher salaries and more promotion opportunities.
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