Find schools that offer these popular programs
- Accounting with Computers, General
- Financial Accounting
- Managerial Accounting
- Taxation, General
Masters-Level Taxation Careers
Those looking to get into a career affiliated with tax law are often required to know the U.S. federal and state taxes inside and out. Taxation professionals may work with individuals, small businesses, nonprofits or corporations. Many are employed as certified public accountants, financial advisors and chief financial officers.
Certified Public Accountant
In addition to preparing individuals' taxes, certified public accountants (CPA) often advise clients on issues related to their taxes and income. A master's degree in taxation is not required for this position, but there is a requirement that most states impose of having 150 credits of college coursework to be eligible for the Uniform CPA Exam, through which states license certified public accountants. According to the U.S. Bureau of Labor Statistics (BLS), the number of employed accountants and auditors was expected to increase 11% between 2014 and 2024, which is about average in comparison to other job sectors. As of 2014, the median salary among these professionals was $65,940.
Financial advisors assess the financial needs of individuals, corporations or nonprofits. Advisors help their clients plan for both long-term and short-term goals, including education expenses, retirement plans, budgeting and general investments. The BLS notes that personal financial advisors may see a 30% uptick in job opportunities from 2014-2024. These professionals earned median salaries of $81,060 as of 2014.
Chief Financial Officer
A chief financial officer (CFO) is the person responsible for the finances of a corporation. They may review financial risks, create business plans and keep financial records. The CFO may analyze the financial data within a company and report his or her findings to the company's board of directors and chief executive officer. According to PayScale.com, the median salary among chief financial officers was $ $121,942 as of January 2016.
Master's Taxation Programs
A master's degree in taxation may be a designated Master of Taxation (M. Tax) program at a business school or a specialization within a Master of Business Administration. This program is designed for aspiring or experienced tax professionals, such as IRS workers, financial planners or public accountants, and may include the tax regulations of the school's home state.
Many 4-year universities offer these programs, and students often take classes in estate tax, corporate tax, multi-state tax, state tax laws, retirement plans and tax research. Additional courses deal with the U.S. constitutional limitations on taxing corporations, in-bound transactions, advantages dealing with ownership and real estate and income taxation as it deals with capital assets.