With student loan debt being such a hot topic these days, it’s understandable that those considering earning their master’s degrees would want to do some preliminary research. Because there is always a need for people with business skills, business degrees are frequently regarded as a “safe” option.
So how can an online program help you reach your dreams? Is an accounting masters online degree worth it? Is it a viable career option? In this guide, we’ll explore how a BSU Online program can help!
What Is the Difference Between a Master’s in Accounting and Business Administration?
A master’s degree in accounting prepares you for a wide range of business careers, though it concentrates on accounting analysis, financial management, business financial law, and tax laws. It is ideal for those who are passionate about finance and want to have true mastery of the subject.
Business management refers to the process of managing business-related activities. Some company executives oversee entire organizations, while others oversee specific departments. Business managers frequently plan, coordinate, and direct company resources, including personnel, to ensure that the organization’s objectives and goals are met.
If you are already in finance or want to change career paths, earning your master’s degree allows you to become a qualified financial professional.
What Are the Benefits of Earning an Accounting Master’s Degree Online?
Earning a master’s degree in accounting comes with so much more than simply opening the door to an accounting career. There are a lot of benefits to be had when pursuing this specific master’s degree. The first benefit includes having an easier time preparing for the CPA exam. CPA is short for Certified Public Accountant and is required when applying for accounting jobs of any level. This 150-hour exam will test the knowledge and skills you have built throughout the course of your degree program. It is not an easy exam as about only 50 percent of people pass it.
What Are The Degree Paths For a Master’s in Accounting?
Being an accountant is just scratching the surface of opportunities people with a Master’s in Accounting have. There are many branching paths you can take with this type of degree.
Below are a few career paths you can take with a master’s in Accounting:
Forensic accountants are financial professionals who use their skills to assess the finances of an individual or a business. This type of accountant specializes in looking for evidence relating to crimes. Forensic accountants usually work for financial institutions, law enforcement agencies, and insurance companies.
Tax accountants are specialists who work with a person’s taxes. These accountants assess clients’ taxes, conduct audits, and give professional advice to people struggling with balancing out their taxes.
Financial analysts are professionals who guide individuals and businesses alike to make better financial decisions. As an analyst, you will perform in-depth research to come up with viable investment strategies. In addition, you may also be tasked with making investment decisions on behalf of your clients.
Internal auditors are people responsible for analyzing and auditing financial data. An internal auditor may have to audit a corporation’s financial statements or records to ensure there are no discrepancies. Individuals who work in this role usually audit budgets for specific departments within a corporation as well.
A financial planner is a professional who assists their clients with managing their finances better and helps them accomplish their financial goals. Financial planners play a number of roles, such as helping people with budgeting, planning for retirement, making a large investment, and planning out their taxes.
Why Earn an Accounting Master’s Online at BSU?
Now that you know what this degree can do for you, you might be wondering why you should earn an accounting master’s online from BSU. BSU offers students participating in this degree a wide variety of benefits to ensure they succeed.
We understand that people may not always have the time to fully dedicate themselves to their studies. That is why we offer both full-time and part-time options to better suit your schedules.
As an online program, you can earn your master’s at night, on the weekends, or whenever you have free time. The flexible schedule allows you to maintain all your typical responsibilities without compromising the quality of your education.
At Boise State University, no student is limited to a single degree. Every student has the ability to personalize their degree program to better suit their educational needs. This also applies to our Master’s in Accounting program. Some of the best combinations for our Master’s in Accounting include economics, taxation, data and analytics, and financial management.
Students who attend BSU will have access to 24/7 unlimited support. Our highly-trained can provide support to you at any point during your program.
Higher Earning Potential
The knowledge and skills you can get through our Master of Accounting program can increase your earning potential. The average salary of an accountant is $78,000 per year, according to the Bureau of Labor Statistics. Those with master’s degrees are able to combine their industry experience and expertise to qualify for senior and managerial positions.
Types of Classes in an Online Master’s of Accounting Program
At BSU, you can study a wide range of topics related to accountancy, such as:
- Financial analysis
- Business law
- Accounting ethics
- Financial information systems
- Financial management
- Financial reporting
Whenever you look for an online accounting degree, make sure it is AACSB-accredited. This means that the Association to Advance Collegiate Schools of Business (AACSB) has reviewed the curriculum and determined it is top-tier. Boise State’s College of Business and Economics and the Department of Accountancy is one of under 1,000 schools to have this credential.
Learn More Now!
Are you ready to kickstart your future career? We’re here to help! Head over to BSU’s website and learn more about our online programs. Reach out anytime to speak with one of our friendly admissions counselors. They will be happy to walk you through the details of the program and start learning.