MBA in Professional Accounting

An MBA in Professional Accounting is designed to give students the necessary experience they'll need to become accountants, financial analysts. Learn more about earning an MBA in professional accounting, like admission requirements and potential classes, in the article below. Schools offering Accounting degrees can also be found in these popular choices.

How To Earn An MBA in Professional Accounting

MBA programs in professional accounting typically require a bachelor's degree, a minimum GPA, GMAT scores, resume and a personal statement. Earning an MBA in professional accounting will take at least a year, and students can expect to take courses like business law, accounting, and macroeconomics.

Business Law

Business law is a class designed to teach students about legal principles and how they apply to businesses and business transactions. Some of the topics that can be covered in this course include criminal law, torts, contracts, and court systems. Students in this course will learn how to apply legal principles to real situations that can occur in business.

Accounting

An accounting class will teach students the skills that they will need to analyze financial statements. By the end of this course, students will be able to understand and create different income statements, balance sheets, and statements of cash flows. Accounting classes also cover taxation laws and tax prep.

Macroeconomics

A macroeconomics class typically looks at the overarching economic picture in a country and the factors that affect it. Students in this class will study topics like how the economy works and different variables of the macroeconomy. This class may also cover the study of things like national income, unemployment, inflation rates, and fluctuations in the business cycle.

Microeconomics

Where macroeconomics focuses on the big picture, microeconomics looks at the small factors that drive an economy. Usually, this means understanding human behavior as it relates to retail choices, the housing market and consumer confidence. Some of the topics covered in a class like this include supply and demand, price elasticity, and market equilibrium.

Admission Requirements

Students who want to enter into an MBA program in professional accounting will need to first hold a bachelor's degree in a related field. Students will also need to take the GRE and have their scores submitted along with their application. Typically a GPA of at least 3.0 in undergraduate course work is required as well. Often, a letter of recommendation or a personal statement is also required.

Careers Related to an MBA in Professional Accounting

Accountant

Accountants are responsible for both examining and preparing financial statements for clients. They are also responsible for making sure that all documents and records are accurate, and that taxes are filed and paid properly. Students with an MBA in professional accounting should have the bookkeeping skills and knowledge of tax law to work in the field.

Budget Analyst

A budget analyst helps people and corporations organize their financials. Some of their responsibilities include creating budgets, monitoring spending, estimating future financial needs, and working with top managers and executives to keep a company running properly.

Financial Analyst

Financial analysts are responsible for helping clients (this could be individuals, companies or the government) make decisions on investments. A financial analyst may also evaluate different historical data, prepare reports, and evaluate current information. These analysts will need to utilize accounting and auditing skills, like those acquired throughout an MBA program in professional accounting.

Financial Manager

A financial manager is typically responsible for the entire financial division of a business or organization. They are tasked with preparing financial reports, handling investments, monitoring different financial aspects, and analyzing market trends. A financial manager will need to be experienced in both accounting and business principles, like those who have earned an MBA in professional accounting.

Professor

Someone with an MBA in professional accounting could work as a college professor teaching accounting or other related courses at community colleges. Professors are responsible for creating lesson plans, tracking the progress of students, grading assignments and tests, and meeting with students when necessary.

Career Median Salary (2018)* Job Outlook (2018-2028)*
Accountant $70,500 6%
Budget Analyst $76,220 4%
Financial Analyst $85,660 6%
Financial Manager $127,990 16%
Professor $78,470 11%

*Source: U.S. Bureau of Labor Statistics

Earning an MBA in professional accounting can take a year or more to complete, and students will take courses like business law, accounting, and macroeconomics. Upon graduation, students will be able to pursue careers like accounting, financial analysis and teaching.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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