Why should I get a master's degree in accounting?

Question:

Why should I get a master's degree in accounting?

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Answer:

According to American Intercontinental University (2012), there are several reasons why obtaining a master's degree in accounting (or a similar field) is a potentially great choice and investment. Such reasons include:

  • Earning an accredited master's degree in accounting prepares individuals for certain required examinations, e.g., the Certified Public Accountant (CPA) exam. In most cases, one must successfully pass the CPA, along with similar accounting and finance certification exams, to earn a state-issued license, which is usually required to work as a professional accountant for many organizations, firms, and businesses.
  • Because most entry-level and mid-level accounting careers require individuals to have at least a relevant bachelor's degree, completing a master's degree program often gives job applicants a dramatic competitive edge over their less-educated peers and colleagues, making a master's degree program a worthy investment for many professional accountants.
  • Although there are certainly some exceptions, master's degree holders generally earn higher incomes than individuals with lesser or no college degrees (E.g., an individual with a master's degree will likely earn more money throughout out their career than someone with a bachelor's degree.).

For more information about the education requirements of most accountants in the U.S., check out this article: How to Become an Accountant: Education and Career Roadmap.

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