Master’s in Accounting Degree Overview

Whether you already work in accounting or want to enter the field, a master’s in accounting can be the next step toward a high-paying career. Many programs lead to certified public accountant (CPA) licensure, which increases your job options in the accounting industry.

A master’s in accounting covers specialized topics such as auditing, taxation, and accounting information systems. Many programs also let you choose a concentration based on your career goals, such as tax accounting or forensic accounting.

Discover more about master’s in accounting programs, including degree pathways, career outcomes, and online course options.

A master’s in accounting program can take many forms, with several types of degrees available. While highlighting the same general skills and knowledge, different accounting degrees may offer unique specializations or professional focuses, preparing you for different career paths. Explore four major types of accounting degrees below.

A master of accountancy (MAcc) builds specialized technical skills in accounting, often preparing you for CPA certification. This degree focuses on hard accounting skills, with less of an emphasis on general business knowledge. A master of accountancy may offer professional concentration options, such as forensic accounting, tax accounting, or government accounting.

A master of science (MS) in accounting operates similarly to a master of accountancy, offering a similar curriculum. This degree also focuses on technical accounting skills, with less emphasis on general business knowledge. Some programs may require you to hold a bachelor’s in accounting to apply, though others admit students of all backgrounds.

An MBA in accounting highlights both business knowledge and accounting skills. Compared with an MAcc or MS in accounting, an MBA may focus more on general business concepts, such as marketing and management, and less on technical accounting skills. However, many MBA in accounting programs still meet CPA licensure requirements.

Master of arts (MA) degrees are less common in the accounting field. When these degrees do exist, they may offer fewer technical courses and some additional humanities courses. When researching accounting programs, you’re more likely to see MS, MBA, and MAcc degrees.

Online education has become increasingly popular for students who need to balance work and school. The format is particularly effective for master’s programs, since graduate students often work more independently. An online master’s in accounting can be a practical choice if you work full time or can’t relocate for school.

Online education is just as rigorous as traditional campus learning. However, the format offers some notable differences:

Earning a master’s in accounting prepares you for top careers that offer greater responsibilities and higher salary potential. With a specialized education, you can pursue more technical accounting roles or management and leadership positions.

A master’s can also prepare you for CPA licensure, which may increase your job options further. Many top accounting jobs prefer candidates who hold CPA licensure.

Explore popular careers for master’s in accounting graduates below.

A master’s in accounting can prepare you to earn CPA licensure in your state, but you’ll also need to complete continuing education to maintain your license. Many activities can fulfill continuing education requirements, such as teaching an accounting class or attending a professional conference. Check with your own state accounting board to learn about continuing education regulations.

You can also continue your education by further pursuing professional certifications, such as a chartered financial analyst or certified management accountant. These credentials build specialized skills that can make you more competitive for advanced accounting positions.

A master’s in accounting may also be required to apply to Ph.D. in accounting programs. While a Ph.D. isn’t necessary for most accounting jobs, this terminal degree can prepare you for academic and research positions. A Ph.D. may also be helpful, though not necessary, for pursuing top financial management positions.

Like many accountants, I did not know anything about the accounting profession when I started college. I was studying art history. Because there are art auction houses, I wanted to know something about auctions.

I needed permission to take a business course, and the dean advised me to take principles of accounting. I found it fascinating — one course led to another, and I ended up with an accounting degree and the opportunity to start my career at a Big Four public accounting firm.

Studying accounting develops business analysis skills, and public accounting firms are typically at the top of lists of best places to start careers. Accountants don’t always spend their entire careers working in accounting, so one of the best things about studying accounting is that it is an outstanding foundation for many business careers.

In fact, many successful entrepreneurs have accounting backgrounds. Phil Knight, the founder of Nike, is one example; I recommend his memoir “Shoe Dog” to students.

Both online and on-campus programs can be great options for pursuing an accounting degree. I encourage students to find a program that suits their learning style and supports their career objectives. Regardless of delivery mode, students should do some research to find a high-quality program with a current curriculum and a track record of success in graduating students who become successful professionals.

A master’s in accounting is an especially good option for students who want to pursue the CPA designation. A master’s program will help students meet the 150 credit hour requirement [in some states] to sit for the CPA exam, prepare for it, and develop the analytic and communication skills that are important for success in accounting careers.

Research shows that in public accounting firms, having a master’s degree is associated with more rapid promotion and a greater probability of promotion to partner. While a master’s in accounting would benefit those pursuing both professional and academic career paths, most programs have a professional focus.

Like it or not, the accounting profession is changing rapidly due to advances in technology and its application. This creates a dynamic environment with opportunities for innovative thinking and new roles in developing and utilizing technology. While individuals might occasionally find themselves wishing for a slower pace of change, it is an exciting time to enter the accounting profession.