Bachelor of Science (BS) programs in managerial accounting and Bachelor of Business Administration programs that include managerial accounting prepare graduates to work in accounting, performing duties such as collecting companies' financial data, and producing and analyzing financial.
Bachelor of Science Degree in Managerial Accounting
Coursework for managerial accounting majors delve into taxation, financial reporting, international finance, management policy and macroeconomics. Beyond general education classes, students may encounter courses such as:
- Cost accounting
- Business communications
- Business finance
- Statistical analysis
A managerial accounting degree can lead to a variety of professional positions in the finance field upon graduation. A BS in Managerial Accounting prepares an individual to work in the private or non-profit sectors, such as government agencies, hospitals and corporations. Examples of potential job positions for graduates with a BS in Managerial Accounting might include:
- Budget analyst
Employment Outlook and Salary Information
Accountants and auditors in general earned an annual median salary of $70,500 in 2018, while budget analysts earned $76,220, the U.S. Bureau of Labor Statistics (BLS) reported. Employment for accountants and auditors was predicted by the BLS to increase by 6%, from 2018-2028, while jobs for budget analysts were projected to grow by 4% - as fast as the average pace.
Graduates of a bachelor's degree in managerial accounting program may choose to pursue Certified Public Accountant (CPA) or Certified Management Accountant (CMA) credentials. CPA accreditation requirements vary by state, and the U.S. Bureau of Labor Statistics reported that any accountant reporting with the Securities and Exchange Commission must hold a CPA. A CMA accreditation requires that students pass an exam, have a minimum of two years of work experience and comply with post-graduation educational requirements, as well as a code of professional ethics. Additionally, graduates may also choose to pursue a master's degree in management accounting or a related field.
Bachelor's degree programs in managerial accounting teach students all aspects of finance and accounting for business. Upon graduation, students may choose positions in places such as hospitals, government agencies, or corporations.