What is an MBA in Accounting
An accounting professional has a firm grasp on the financial health of an organization. From reconciling transactions to preparing financial statements, an Accountant/Auditor has a wide range of skills. They are not just bean counters, but strategic consultants capable of understanding the reason behind a company’s strong quarterly performance or whether or not trimming down the workforce is a viable option. In today’s rapidly changing global environment, Accountants and business leaders are bound by a strict code of ethics. The MBA in Accounting will provide students a comprehensive overview of the key indicators that make for a successful company. It also fulfills most of the educational requirements needed to sit for the CPA/CMA exams.
An MBA in Accounting transforms students into highly proficient business leaders – capable of analyzing a company’s financials. Each specialization course is designed to provide students a deep understanding of the accounting profession and enhance their ability to effectively navigate reporting, departmental, and operational decisions. The MBA in Accounting curriculum builds upon solid foundational courses in business that include operations, marketing, IT, and finance. Students are then exposed to specialized coursework in Financial Accounting, Cost Accounting, and Managerial Accounting. This graduate program is more than a resume builder; it’s a gateway towards the CPA designation.
Whether it’s finance, taxation, operations or public accounting, there are plenty of professional avenues an MBA in Accounting graduate can pursue. Armed with the perfect balance between management skills and accounting principles, MBA students leave their studies with a solid grasp on how to analyze a company’s financials while upholding the ethics of the profession. The MBA in Professional Accounting program follows the Generally Accepted Accounting Principles (GAAP) which guides leaders in their decision-making process.
In order to gain proficiency at measuring a company’s economic activities, the Accounting student must gain a solid understanding of the double-entry accounting system. This is the formal system of collecting, organizing and reporting financial data used to make sound economic decisions. Analyzing a company’s financial position starts with a balance sheet, extends to income statements, retained earnings statements, and finishes with the statement of cash flow. Users of financial statements include corporate shareholders, lenders, management, employees, research organizations, and taxing and regulatory agencies.
Whether it’s put together for the company’s officers or gathered on behalf of shareholders, Accountants and Auditors are responsible for drafting the financial statements. As a CPA, you have the ability to sign off on the year-end statement and draft consultative reports on a company’s financial position.
GMAT Scores for MBA Programs in Accounting
Even though some B-Schools may not require a GMAT Scores, there’s a good chance that a highly-competitive MBA progam does require the GMAT. In most cases, B-School admissions departments want to assess their prospective students’ quantitative reasoning skills prior to making a decision on acceptance. With that being said, average GMAT Scores for on-campus MBA programs in Accounting are 547.05. Online GMAT Scores are only slightly lower with a 533.34 average GMAT for accepted students. These scores certainly give you a bit of wiggle room if you’re not the best test taker. Although not an indication of one’s success as an MBA student, the GMAT is one of the key admission factors in the B-School acceptance process.
Student / Faculty Ratio for MBA Programs in Accounting
For most students, their professors are the first exposure to the business world. They are normally practioners in the field and have successful risen to the top of their respective careers. As an MBA in Accounting student, you want to taught by CPA, CMA’s, and Accounting Executives. B-School Accounting Professors can guide you toward a specific concentration, provide the latest industry trends, and put you on the right track, career-wise. The Student/Faculty ratio is important to those interested in building a lasting relationship with their professor. To use them as a networking opportunity and an advisor. The average Student/Faculty ratio for on-campus programs is 2.54 compared to a 2.49 ratio for online MBA in Accounting programs. On average, looks like B-Schools like to keep the Student/Faculty ratio rather low.
Enrollment for MBA Programs in Accounting
There are pros and cons when considering the size of your MBA in Accounting program. Larger, more diverse student populations, may lend itself to greater networking and job placement opportunites; whereas smaller programs may provide for more meaningful interactions with fellow classmates. With the average on-campus full-time MBA in Accounting program currently at 242 students and the average online part-time enrollment at 389, there are things to consider before sending in your tuition deposit. You should always look at graduation job placement percentages and events that tailor around securing employment, like annual job fairs. That may be a clear indication of the talent level of your fellow MBA classmates.
Global Enrollment for MBA Programs in Accounting
Accounting is the language of business and for the most part, financial, managerial, and cost accounting translate nicely across borders. Does that mean the same accounting rules apply in the U.S. as they do in Japan? The answer is no. With an ever-changing global economy, it’s considered an asset to understand how other cultures do business. A highly-diverse company is an asset because they have a better understanding how to best serve global clients. But if your goal is to become a CPA in the U.S.-only, you may not need an MBA program with a large percentage of international students. Whereas other B-School students may want to learn and network with students from different parts of the globe. The average on-campus MBA progam in Accounting has 74.43% of its students from the U.S. compared to an online MBA program with 77.57% of its students from the U.S.
Faculty Information for MBA Programs in Accounting
The average full-time MBA program in the U.S. employs 84 professors with doctorate degrees. The average online MBA program has 83 professors with doctorates. There usually is a direct correlation between quality-of-education and the number of doctorates in an MBA program. It’s a clear indication that the insitution values industry pioneers, published authorities, and those who have extensive experience in business. With an average full-time MBA faculty at 9 across all MBA in Accounting programs, you’re looking at a highly-competitive marketing for business professors. You’ll most likely be trained by the best CPA’s in the their respective industry, but it’s always good to analyze the profiles of your professors before making an admissions decision.
Research the Best MBA Programs in Taxation – GMAT Scores, Salaries, Rankings
- The number of on-campus MBA Accounting programs offered: 617
- The number of online MBA Accounting programs offered: 291
Prospective MBA in Accounting students have 617 on-campus and 291 online programs to choose from. Whether you’re looking for an Executive MBA program for working adults, a flexible part-time online MBA in Taxation, or a traditional on-campus MBA in Public Accounting, there are plenty of options for the aspiring B-School student. Depending upon the Accounting sector you’d like to join, it’s important to see if the MBA course of study follows a prescribed path to make the transition into the real-world a bit more seamless. For example, if your goal is to become a CPA, you should align your coursework around the public accounting subject and make sure each course meets the state requirements to sit for the CPA exam.
Take the next step toward your business future with online learning.
Discover schools with the programs and courses you’re interested in, and start learning today.