Organizations of all shapes and sizes — from start-ups to Fortune 500 companies to government agencies — require the services of accountants. For experienced accounting professionals, this means many opportunities to ply their craft in nearly any setting.
Ohio University’s Online Master of Accountancy (MAcc) can help you develop the expertise to thrive as a leader in the field. With a curriculum focused on foundational principles as well as emerging trends such as big data, cloud computing, and mobile accounting, you can develop the skills to excel in a wide range of careers. Our program accommodates any undergraduate background.
Continue reading to learn more about the state of the accounting profession and career opportunities that may be available when you earn your Master’s in Accountancy.
The Benefits of Earning Your Master of Accountancy
By earning your Online MAcc degree, you’ll have the opportunity to stand out from the competition in a rapidly growing field.
U.S. News & World Report ranks accountancy 11th on its 2022 list of “Best Business Jobs” and 42nd on its “100 Best Jobs” list, based on factors such as salary, future growth, and work-life balance.
The U.S. Bureau of Labor Statistics (BLS) predicts that employment of accountants and auditors will increase by 7% between 2020 and 2030, with roughly 135,000 job openings each year. BLS cites globalization, a growing economy, and a complex tax and regulatory environment as key reasons for this strong demand.
Accounting firm PwC announced in 2021 it planned to invest $12 billion over five years to create 100,000 new jobs. It cited the need to help clients address issues such as climate and diversity reporting and advances in artificial intelligence as reasons for expanding its workforce.
Where Do Master of Accountancy Degree Holders Work?
Due to the overwhelming need for their services, advanced-level accountants can be found in just about any industry.
Some of the top fields employing MAcc degree holders include:
- Business finance
- Private/individual finance
- Industrial and commercial finance
Career Options for Master of Accountancy Graduates
By earning an Online Master of Accountancy from OHIO, you can position yourself for a broad range of career opportunities. Below are examples of jobs you may want to consider, along with median salaries.
Median salary: $111,030*
Actuaries help organizations analyze and manage risk. Using statistics and modeling software, they assess the probability and costs associated with potential events occurring, such as natural disasters, accidents, illness or death. These professionals generally work in the insurance industry.
Median salary: $73,560*
Auditors prepare and examine financial records, ensuring they are accurate and in compliance with generally accepted accounting principles. A major focus of their role is discovering fraud or error in corporate financial documents. They can work in-house, for a regulatory body, or a government agency.
Median salary: $213,458**
Audit partners are part equity owners in accounting firms, and as such, have a financial stake in the company. Responsibilities typically include overseeing the firm’s financial audits, generating new business, managing client relationships, and conducting audits. Individuals in this role are typically certified public accountants.
Median salary: $78,970*
Budget analysts assist organizations with planning, organizing and managing their finances. Responsibilities may include preparing budget reports, monitoring spending, ensuring compliance with financial regulations, and communicating findings with internal stakeholders as well as legislators and the public.
Certified Public Accountant
Median salary: $81,619***
Certified public accountants (CPAs) help organizations and individuals plan and achieve their financial goals. Typical responsibilities include advising on financial matters, preparing and filing taxes, auditing financial documents, and creating reports. To become a CPA, individuals must pass a certification exam.
Chief Financial Officer
Median salary: $138,304****
Chief financial officers (CFOs) are the highest-ranking financial executives in a company and are responsible for overseeing the organization’s financial operations. Often reporting directly to the chief executive officer, the CFO’s role typically includes planning; tracking cash flow, income, and expenses; and ensuring compliance with applicable financial laws and policies.
Median salary: $83,660*
Financial analysts help individuals manage funds or organizations attain profitability. They may offer investment advice, develop growth strategies, and assess the performance of stocks and bonds. The job often entails evaluating financial data, studying economic trends, and preparing written reports.
Median salary: $90,782***
Controllers, also called financial controllers, are responsible for accounting-related activities within an organization. Duties may include budget preparation, overseeing financial reporting, and analyzing financial data. Controllers often report to the chief financial officer, although these roles may be combined in some organizations.
Median salary: $65,636***
Forensic accountants investigate instances of financial wrongdoing such as embezzlement, fraud and money laundering. Responsibilities may include compiling evidence, analyzing data, and preparing reports. The role may also include testifying in court, so having good communication skills is important.
Median salary: $103,115***
Tax managers supervise the accounting staff in their organizations and oversee the company’s tax planning, compliance and reporting. They help ensure the organization is following all applicable federal, state, and local tax laws, and advise senior managers on changes in tax regulations that could impact the organization.
*U.S. Bureau of Labor Statistics
Lifelong Career Support
“This is an absolute game-changer. We’re helping our students, regardless of where they are in their career, critically think about where they want to take their careers and put the steps in place to make that happen.”
— Kari Lehman, assistant dean, Graduate and Professional Programs
With so many opportunities available to you, choosing the right career track might feel overwhelming. That’s where we can help. When you earn your Online Master of Accountancy from OHIO, you become a Bobcat for life.
As a graduate degree-seeking business student, you will have the chance to work hand in hand with our Graduate Career Acceleration Team (GradCAT) and have access to four months with a career coach, branding expert, and career concierge. Additional benefits include:
- 24/7 online resources that can be accessed from anywhere
- Convenient, live coaching via video conference or phone
- Job-search resources that include new openings, personal assessments, and webinars
Whether it’s lifetime annual career coaching sessions, unlimited access to our job-search technology platform, or networking opportunities with more than 250,000 alumni, you can take comfort in knowing that we’ll be with you every step of the way as you strive to achieve your professional goals.
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