A Master’s Degree in Accounting is a professional graduate level degree that
is offered by many colleges and universities. Some schools call this degree a
Master of Accountancy degree, a Master of Science in Accountancy degree, or a
Master of Professional Accountancy degree. This degree is usually offered from a
university business school.
A primary goal of a graduate level
accounting program is to permit a student to complete accounting coursework that
prepares him to sit for a CPA exam, or certified public accounting exam. Most
states require the completion of one hundred fifty credit hours of undergraduate
and graduate level accounting courses as a qualification to sit for the CPA
exam. Students with a Bachelor’s Degree in Accounting often do not have enough
credits to sit for the CPA exam. People with a Bachelor’s Degree in Accounting
and no graduate level coursework can still qualify for the CPA exam if they have
two years of work experience in the accounting field.
get a Master’s Degree in Accounting, to help prepare them for other professional
accounting examinations. People who want a career in corporate accounting can
use graduate accounting education to prepare them to take the CMA exam, or
certified management accountant exam. Students who want to work as internal
auditors for a corporation can use graduate accounting coursework to prepare
them for the CIA exam, or certified internal auditor exam.
that offer graduate accounting degrees often allow students to concentrate in
specialized areas. Students can take only accounting courses, they can take some
accounting courses and some tax courses, or they can mix accounting coursework
with graduate level business courses. Students who anticipate running their own
business or working in a management position may get more benefit from a
Master’s in Business Administration degree rather than a Master’s Degree in
One of the best graduate level accounting programs is
offered by the University of Texas at Austin. This school offers a Masters in
Professional Accounting degree. Most students complete this program in a year.
Texas students can seek a general accounting education or they can specialize in
tax accounting, managerial accounting and control, or financial
Another excellent graduate level accounting program is
offered at the University of Illinois at Urbana. This university offers a Master
of Science in Accounting degree for students who did not major in accounting as
an undergraduate. A Masters of Accounting Science degree, or MAS degree, is
offered to students who already earned a Bachelors Degree in accounting. This
school offers specializations in Taxation, Finance, and Information
A Masters in Accounting degree can be a good choice if
you would like to become an accounting instructor. Graduate level study provides
an additional recognition of educational achievement that a Bachelor’s Degree
alone does not match.
Many students decide to pursue a graduate
degree in accounting because it allows them to take the CPA exam sooner than
students with only a Bachelor’s Degree. Some accountants without graduate level
education cannot afford to pursue a graduate degree, and they must wait to take
the CPA exam until they have completed two years of on the job experience. For
students who want a faster track to a successful career, a Master’s Degree in
Accounting program can be a good choice.
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