Earning Your MBA: Accounting Salary Expectations

MBA in Accounting Salary

The Masters in Business Administration (MBA) with a specialization in accounting has become an incredibly versatile degree. The skills accounting MBA programs work towards instilling in their students are considered indispensable in the business world, no matter if the organization is small or large. You will also find MBA accounting graduates working for many governmental agencies and even non-profit organizations. Regardless of what aspect of business interests you, the goal of the accounting MBA is to give you the knowledge and skills you need to succeed.

Before we discuss the accounting MBA salary, let’s discuss the MBA accounting specialization, itself. The MBA is a graduate level degree that can take anywhere from one to three years to complete depending on the program you choose. In order to qualify for the MBA, you must have an undergraduate degree (preferably in business or accounting), and you must have a good score on the GMAT test.

Today, there are a wide variety of ways to earn your MBA degree, whether it is through an executive MBA program that takes a year, to a standard two-year program, to the many options available on the evenings and weekends and online. In order to specialize in accounting, you will likely switch from general business topics to more focused subjects, such as accounting software and programs, critical thinking and financial strategy, taxes and tax law, legislation and changes that impact financial reporting, and good business design.

Accounting MBA Salary and Your Career

Your accounting MBA may help you expand your career opportunities. Accounting MBA graduates are found in all aspects of business. You might work as a financial controller or as a senior accountant. You often find accounting MBAs working as auditors and even as chief financial officers. In other words, depending on what you find interesting, there are many accounting options.

The MBA in accounting salary is on the rise. Even lower paying positions, such as those in non-profit organizations, can offer accounting MBAs above average starting salaries. Government agencies offer slightly higher salaries, but of course, the highest average accounting MBA salary is offered in the private sector, making the MBA in accounting an excellent investment.

Happily, the job outlook for accounting is promising. Even in today’s difficult economy, the Bureau of Labor Statistics states that the need for accountants will grow over the next decade, although competition for the best positions will be strong. If you are hoping to receive an income at the MBA in accounting salary level, enroll in an MBA school today.