Managerial Accounting Bachelor's Degree
A degree in managerial accounting can prepare you for accounting work making decisions based on financial factors. Learn about degree programs and concentrations that allow you to study managerial accounting. Find out the courses you might take, as well as employment outlook and salary data. Schools offering Managerial Accountancy degrees can also be found in these popular choices.
What Is a Bachelor's Degree Program in Managerial Accounting?
If you want to study managerial accounting, you have a couple of different options. You could pursue a bachelor's degree specifically in managerial accounting, or you could pursue a more general degree in accounting that offers courses or concentrations in managerial accounting. These programs can be found on traditional college campuses or online, and it usually takes about four years to finish. Online classes are commonly administered using virtual classroom software and Internet-based programs that allow you to log on and work according to your schedule. You might access lectures on online forums, turn in homework digitally and communicate with professors by e-mail.
|Program Fields||Managerial accounting or general accounting with a managerial accounting concentration|
|Common Courses||Business law, federal taxation, corporate finance, business statistics, managerial economics|
|Job Duties||Consulting with executives, gathering data, performing financial analyses|
|Job Outlook||11% increase between 2014-2024 (for accountants and auditors)*|
*Source: *U.S. Bureau of Labor Statistics
What's in the Curriculum?
Bachelor's degree programs in managerial accounting combine industry-standard accounting practices with fundamental business skills. You could learn about marketing, entrepreneurship, human resources management and finance. You might also learn how to use relevant accounting software and participate in internships. The following are examples of classes in which you could enroll:
- Federal taxation
- Cost accounting
- Corporate finance
- Business law
- Managerial economics
- Business statistics
What's the Job Like?
Managerial accountants usually work at the upper-management or executive level. In this position, you could consult with chief executive officers, chief financial officers, treasurers and other executives to help them make good business decisions based on financial data. For this reason, much of your work might entail gathering data and performing financial analyses.
What Is the Job Outlook and Pay?
According to the U.S. Bureau of Labor Statistics (BLS), accountants and auditors earned a median annual salary of $65,940 as of May 2014, and top-earners in this field made upwards of $115,950 (www.bls.gov). The BLS also reported that accountants and auditors are expected to experience an employment growth rate of 11% between 2014 and 2024.
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