Today’s accountants do much more than counting money and balancing books. They help solve white collar crimes. Can you earn a masters in accounting?
Is it worth getting a master’s degree in accounting?
An MS in Accounting is worth it because it can be an impulse to achieve a higher level of position in banking, taxes, insurance or any company with a finance department. You will acquire excellent analytical skills, deepen your knowledge of accounting principles and learn the latest technologies. It can also be an important step towards accounting certification.
Do I need accounting experience to apply for a Master’s degree in accounting?
You may be interested in getting a master’s degree in accounting career, but you are worried because your bachelor’s degree is in a field of study other than accounting. Although it is always best to have prior knowledge of the field in which you plan to work, if only to make sure you are satisfied and dedicated to the subject, you do not necessarily need accounting knowledge to apply for a Master’s Degree in Accounting (MAcc). If you have received a bachelor’s degree in a non-accounting field, the following information may help you decide to be admitted to a Master’s degree in accounting.
Educational prerequisites for the master’s program in accounting
The first thing you need to do to be admitted to a Master’s program with a particular focus on accounting is to meet the educational conditions. Before you start completing admission applications, you should check that you meet the educational requirements specified by the school you are applying to. You must have a bachelor’s degree from an accredited institution to meet educational requirements, but your course may not necessarily be an accountant.
If you were an accounting student as a bachelor, it increases your chances of meeting the course requirements, but other business majors require many of the same courses. To be accepted into the graduate accounting program, you must have completed courses in statistics, accounting principles, finance and introductory accounts. You must also have a satisfactory grade point average to show that you are a good student and that you will be performing at postgraduate school.
Consider getting a CPA instead of an mcc
An MSc in Accounting can be beneficial in several ways, but getting a CPA should really be your main goal if you want a career in public accounting. The CPA certificate is the best known designation for a professional accountant. Having one is proof that you have experience and competence. On the other hand, MSc is rarely a requirement for employment in an accounting firm. While this may give you a bit of an advantage over candidates who only have a bachelor’s degree in accounting and whether you start with a slightly higher salary, its importance pales in comparison to CPA certification. By choosing a CPA route, you can also save a lot of time and money.