Are you looking for a way to break through to the next level in your career? Going back to school to earn your Master of Business Administration (MBA) can position you to pursue success at either your current organization or your dream company. Within MBA programs, there are many specializations to choose from, including an accounting MBA degree that can give you a competitive edge in the workplace.
Accountants work in a wide variety of roles, all the way into the C-Suite and the top levels of governmental agencies. While some accountants do specialize in processing a large amount of numerical data, others focus on areas as diverse as management, regulatory compliance, education and more.
Accounting MBA vs MBA in Finance: What’s the Difference?
An accounting MBA program is a related, but different program than an MBA in finance. The primary difference is that finance involves the big picture, whereas accounting takes a look at the day-to-day details. Finance professionals are concerned with the overall management of the organization’s assets and liabilities. They also consider the long-term growth objectives of the company. The finance world tends to be forward-facing and requires strategic planning.
In contrast, an accounting MBA will empower graduates to work on the daily flow of resources in and out of the company. Accountants focus on the details, such as managing budgets, preparing financial statements and keeping the books. They also focus on compliance issues. Whereas finance is forward-facing, accounting tends to look back at the income and expenditures of the company in order to make decisions about the future.
If you decide to concentrate your degree in accounting, you will take broad core courses in marketing, finance and human resources, but you will also take accounting courses that will act as an addendum to the core requirements. You will learn how to measure and report on various accounting components, such as expenses, revenues, investments and liabilities.
Who Should Enroll in an MBA in Accounting Program?
A professional who already works in accounting or would like to do so can benefit from earning an accounting MBA. If you already hold an undergraduate degree in accounting, but would like to improve your career prospects, then earning an accounting MBA could be the right choice for you. However, even if you hold an unrelated bachelor’s degree, you might still earn an accounting MBA. This can be a smart choice for professionals interested in transitioning to a new career field.
What Can You Do With an MBA in Accounting?
A main advantage of earning an MBA is the versatility and relevance it provides across various sectors. Whether your goal is to move into an accounting role or advance as a leader with accounting skills, the ability to analyze and interpret financial data is increasingly important as organizations expand across the globe. With an MBA in accounting, you can look forward to the below careers:
- Senior accountant
- Accounting manager
- Corporate controller
- Finance manager
- Budget analyst
- Chief financial officer
A graduate with an MBA in accounting can have a career focused on the financial aspects of a business at the highest level in the company, or they can become an entrepreneur. In some circumstances, you can also pursue CPA licensure if you are interested.
The Colangelo College of Business at Grand Canyon University invites aspiring MBA students to apply for the Master of Business Administration with an Emphasis in Accounting degree program. You will emerge with enhanced academic qualifications that prepare you to pursue your professional objectives. Click on Request Info at the top of your screen to learn more about our online MBA programs.
The views and opinions expressed in this article are those of the author’s and do not necessarily reflect the official policy or position of Grand Canyon University.