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Why Earn an MBA in Accounting?

For many accountants, a Master of Business Administration (MBA) is a smart way to advance their careers. The online MBA with an emphasis in Accounting program from the University of West Florida (UWF) could be just the advantage an accountant needs in a competitive job market. For others, an MBA in Accounting is an opportunity to earn more money over the course of their careers.

Job Market for Accountants

The U.S. Bureau of Labor Statistics (BLS) projects that employment in accounting and auditing will increase roughly 4% from 2022 to 2032, representing about 126,500 job openings each year — a promising outlook based on globalization, growing economies and increasing regulatory actions. Given the employment outlook for this career and the preference some employers place on candidates with a master’s degree, many accountants see the MBA in Accounting as the key to standing out in the crowd. Plus, job market competition is stronger with the most prestigious accounting and business firms. Professionals with an MBA in Accounting will have an advantage.

Opening New Doors

Outside of accounting, an MBA in Accounting opens up new opportunities for those seeking employment in the financial sector. Many positions exist for professionals with an MBA and expertise in finance, regulation and evolving automation and analytics applications. Examples include chief financial officers and financial managers. Further, BLS reports that each of these professions offers generous compensation, with median salaries of well over $100,000 per year as of 2022. The highest paid 10% of professionals in these occupations made more than $239,200 annually that year.

Easier Than Ever

While MBA in Accounting programs are still rigorous, many new options make it easier for working accountants to further their education, and thus their careers. The online MBA in Accounting program from UWF may be just the path for the working accountant. Flexible schedules, fast-tracked time-to-completion and the ease of studying and attending classes from anywhere make the online MBA a viable option for many professionals. The internet not only connects these degree seekers to geographically distant schools, but it also allows them to continue working while pursuing their advanced degrees. For many, that combination is just right for bettering a career, minimizing debt and maximizing a quick return on investment.

An MBA in Accounting may be the right path for aspiring accountants and auditing professionals. Those considering an online MBA program must do their research first. For instance, an accountant interested in becoming a Certified Public Accountant (CPA) can benefit from UWF’s online MBA in Accounting — a program designed to prepare students for the CPA exam. For busy professionals looking to advance their careers, online options now make it easier than ever to pursue an MBA in Accounting and gain a boost to one’s income and career opportunities.

Learn more about the UWF online MBA in Accounting program.

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