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Is holding an M.B.A finance degree and working as an accountant good for a professional career?

Question:

Is holding an M.B.A finance degree and working as an accountant good for a professional career?

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Answer:

Absolutely. With your MBA qualification and experience as an accountant, you have many possibilities for career advancement. Below are some of your career trajectories:

  1. Entry-level public accountant: you can become a supervisor, manager, or partner. You can also open your own public accounting firm. Alternatively you can take up executive positions in management accounting or internal auditing in private firms.
  2. Management accountant: you can start as cost accountant, junior internal auditor, or trainee for other accounting positions. You can then advance to positions such as accounting manager, chief cost accountant, budget director, or manager of internal auditing. Eventually you can become a controller, treasurer, financial vice president, chief financial officer, or corporation president.
  3. Public accountant: you can move into management accounting or internal auditing.
  4. Management accountant: You can become an internal auditor.
  5. Internal auditor: you can become a management accountant.

To become a financial manager, you will need a bachelor's degree and 5 years or more of experience as an accountant, securities sales agent, or financial analyst, with many employers preferring those with a master's degree in finance, accounting, economics, or business administration.

For more information about career options with an MBA finance degree, check out this article: Careers with an MBA in Finance: Career Options and Salary Info

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