Online Master's Degree Programs in Accounting in Michigan
Several schools in Michigan offer online master's degree programs in accounting. Read on for more information on the content of these programs, admissions requirements, and career options for graduates.
The University of Michigan - Flint
The University of Michigan - Flint's Master of Science in Accounting (MSA) program is available online and features a broad range of instructional techniques, such as video casts, online chats, discussion boards, and more. The diverse curriculum features core courses that focus on fundamental topics like income taxation and financial reporting as well as electives that cover more advanced topics, such as tax preparation and forensic accounting.
Adrian's MS in Accounting program consists of a 30-hour curriculum that students complete over the course of two semesters, or about nine months. In addition to courses in traditional topics such as auditing and fraud, this program studies the political and ethical aspects of the profession through courses in accounting law and leadership.
Michigan Technological University
Michigan Tech offers an MS in Accounting program that is completely online and even includes an accelerated option for candidates coming from other fields who are looking to earn both a bachelor's and a master's in accounting. The master's degree program can be completed in a little under a year and prepares graduates for careers in accounting, taxation, business valuations, and auditing.
|School Name||Program Offered||Average Graduate Tuition (2019-2020)*|
|University of Michigan - Flint||Master of Science in Accounting||$11,403 (in-state) $17,069 (out-of-state)|
|Adrian College||Master of Science in Accounting||$18,600|
|Michigan Technological University||Master of Science in Accounting||$20,511|
Source: *National Center for Educational Statistics
Career Paths for Graduates of Online Master's Degree Programs in Accounting
Perhaps the most natural choice for candidates with an MSA, this career involves examining financial records, preparing statements, inspecting account books, and proposing solutions to financial problems. Students who pursue an MSA degree receive training for the Certified Public Accountant (CPA) exam, which is a requirement for any accountant reporting to the Securities and Exchange Commission.
MSA program graduates who wish to work on more than just numbers can pursue careers as financial managers. These professionals prepare financial statements, analyze market trends, and supervise employees who perform budgeting tasks. Employees in this role need to be good leaders, and they also must have knowledge of tax law and accounting practices, meaning that graduates with an MSA and previous work experience in a related occupation are naturally suited for the position.
Budget analysts help institutions organize and manage their spending. Day-to-day tasks include reviewing budget proposals, advising executives on spending decisions, and ensuring compliance between budgets and spending. Employers typically look for candidates with excellent analytical and numerical skills and a bachelor's degree, at minimum. Candidates who have an MSA may stand out among other applicants.
Personal Financial Advisors
This role involves providing financial advice to individuals instead of organizations, with discussions involving insurance, college savings, estate planning, investments, and mortgages, among other topics. Despite having a different focus than roles that work with organizations, this role nevertheless requires advanced knowledge of tax law, investment policy, budgeting concepts, and financial reporting. All of these concepts are covered in an MSA program, and candidates with a master's degree in accounting can use their credentials to attract new clients.
|Job Title||Median Salary (2018)*||Job Growth (2018-2028)*|
|Accountant||$70,500 (for all accountants and auditors)||6% (for all accountants and auditors)|
|Personal Financial Advisor||$88,890||7%|
Source: *US Bureau of Labor Statistics
Application Requirements for Online Master's Degree Programs in Accounting in Michigan
All prospective students must have a bachelor's degree from an accredited institution and provide transcripts when applying to an online master's degree program in accounting.
The GRE or GMAT is a requirement for some schools, although they offer waivers to students who have prior coursework in accounting or sufficient work experience. Many schools also require letters of recommendation from references attesting to an applicant's skills and experience. Programs will commonly request a resume as well.
Candidates will also need to compose a statement of purpose in which they outline their reasons for applying and goals while enrolled in the program.
Online master's degree programs in accounting in Michigan are rare but can be found at a few schools across the state. These programs equip students with knowledge of advanced accounting concepts and prepare graduates for a variety of career paths.