Dual Degree Programs in MBA & MS Accounting
In today's competitive business world, managers with multiple skills are often in demand, giving a possible edge to candidates with the strong leadership skills of an MBA and the financial expertise of an MS in accounting.
MBA and MS Accounting Dual Degree Programs
Many of the dual-degree programs in MBA and a master of science degree in accounting are geared toward students without an undergraduate degree in business who desire the leadership fundamentals of an MBA. The programs can require as many as 72 semester credits and most can be completed in four to six semesters, including the following required coursework:
Financial Reporting and Analysis
Students could delve into underlying concepts and theories of financial reports and learn to use financial disclosures and reporting requirements as a way to make decisions affecting their business. Students might learn to use corporate financial disclosures to analyze performance and risk, including the allocation of resources. Additionally, students can study the effects of legal, economic and political issues on financial reporting. Alternative reporting methods and their potential misuses also are commonly covered.
Courses in professional ethics typically focus on the study of ethics in the business world and the accounting profession, including current issues. Topics likely include audits, corporate governance and legislative bodies. Professional codes of conduct and financial reporting transparency also may be given attention. In addition, corporate culture is usually studied, including the roles of management, boards of directors, shareholders and auditors.
Managerial Statistics and Data Analytics
Students in these courses usually learn to use a variety of analytical tools and data collection to analyze and interpret information to make data-driven decisions for their organizations. Many courses use Excel and other software to prepare and visualize data sets. Topics typically include correlation, regression analysis, data sampling, data mining and forecasting. A basic knowledge of algebra and statistics often is helpful in being successful in this type of course.
Accounting for Managers
This kind of accounting course commonly shows students how to extract and analyze the wealth of information found in internal and external accounting reports. The emphasis typically is on using accounting information to make decisions and formulate plans and policy. Students usually study accounting vocabulary, budgeting, incentives and decision-making. Candidates may be expected to have a solid understanding of financial statements.
This type of course typically examines the interconnection of the business and legal environments. Students can delve into the way that public policy, economics and social issues impact the decisions of managers. Topics frequently include an introduction to law, torts, contracts, transactions, intellectual property and employment law. Business regulation, compliance and cybersecurity also might be explored in these courses.
Students in this kind of business course often use their own experiences as well as academic theories to develop leadership skills. They commonly learn to utilize and maximize the contributions of their organization's members by understanding workplace culture and behavior. Other typical topics include social and emotional intelligence, managing group dynamics and management of a variety of teams.
Students in this type of management course often examine the process of making strategic marketing decisions in today's competitive business world. Students might learn to create marketing strategies that provide value to customers. Other possible topics include consumer behavior and relationship management, new product development, product promotion and marketing communications. Social media marketing also is often covered
Global Business and Marketplace
This kind of course typically focuses on the international business environment and the global economy. International currency and institutions, such as the International Monetary Fund, often are examined to understand their influence. Other common topics include trade issues and government and regulatory issues. Students also might study the influence of changes in technology.
Supply Chain Management
Students in this type of management course could study the design of organizational operations. They might analyze strategies, structures, scheduling and materials using several models. The importance of information technology and systems in supporting the supply chain often is covered. Other topics usually include inventory control and warehouse management, customer service standards and manufacturing operations.
Admittance Requirements to a Dual Degree MBA-MS Accounting Program
Admittance into a dual degree program for an MBA and a master of science degree in accounting generally requires the following:
- A bachelor's degree from an accredited four-year school,
- At least two letters of professional recommendation,
- A personal statement including motivation for the program and desired results,
- Academic transcripts showing at least a 2.5 GPA, and,
- A GMAT or GRE score.
- Specific programs also require an admissions interview or written essays.
Students in a dual degree program for an MBA and a master's in accounting can build both management and financial skills. Such a dual degree could boost employment and job advancement in today's market.