Do You Want to Gain an MBA in Accounting?
A Master of Business Administration degree (MBA) is in some areas such as accounting a prerequisite for employment at higher levels. Without it you are unlikely to be considered for a position at many companies. But along with this requirement also come greater rewards. An MBA with an accounting bias can help you land a much higher salary. According to Monster finance is one of the highest paying MBA areas with an average mid-career salary in the region of $121,000.
But as with all MBAs, the school at which you study can have a huge impact on how your final degree will be considered with some schools being far more respected than others. You also have to decide whether you can afford the time and money required to study full time or if you would like to do an online course. Full-time studies, however, are generally more respected by employers and you will also have the opportunity to network with many other like-minded professionals which can be a real help as you progress through your career.
Also, check out these accredited online MBA programs for more opportunities!
Selecting the Right Accounting MBA Programs
Finding the right course for you to study will cover a lot of different considerations such as the location of the school, the quality of its teaching and of course its cost.
The following are what we consider to be the top 10 programs that you should consider for your MBA in accounting:
- UNC Kenan-Flagler Business School at the University of North Carolina at Chapel Hill
- Gabelli School of Business at Fordham University
- Waterloo Campus at Wilfrid Laurier University
- NYU Stern School of Business at New York University
- McCombs School of Business at the University of Texas
- Simon Graduate School of Business Administration at the University of Rochester
- Booth School of Business at University of Chicago
- Wharton School at the University of Pennsylvania
- Marriott School of Management at Bringham Young University
- Kellogg School of Management at Northwestern University
If you really want to make your career in accounting a successful one then an MBA really is a necessity. As Paul Gillis says:
“The main reason to get an MBA is to make a career change. An MBA from a top school can open up new career paths for you. So, if you no longer want to pursue a career in tax or financial reporting, getting an MBA might be the best way to head in a new direction. Getting an MBA can also cleanse your resume of a less than stellar undergraduate degree. Get an MBA from Harvard or Stanford and no one is going to ask you again about where you did your undergrad. The ranks of top executives are heavily populated with people who went to top schools – that is not a coincidence. The biggest benefit of an MBA is usually the networking with classmates and alumni from great schools who disproportionate
ly go on to do great things. “
Places for all of these courses are limited and the competition to gain a place is very high. To be selected you will have to make sure that your application is highly engaging and able to make you stand out. Achieving this with your documentation is not easy, but if you want to gain your targeted place then you are going to have to put in the work. Many MBA programs accept less than 10% of those applying so if you really want to have an edge over your competition then you should consider getting professional help with your application.
Applying for MBA accounting programs can be very hard work, especially when it comes to things like your SoP for MBA which need to be crafted very carefully if you are going to make an impact.