MBA Programs in Accounting
Can I work while studying?
Most MBA programs schedule classes in the evening or on weekends, as do executive and accelerated MBA programs designed specifically for professionals who want to further their education, so you definitely can work at least part time while studying. In fact, many companies actually encourage employees to do so by offering to pay for their programs.
An MBA in accounting is a good way to transition to more managerial accounting functions within your current company. Ask your employer if there are any opportunities available that can give you exposure to these positions while you are in school.
If you are currently unemployed or searching the web for best program because you want a career change, consider applying to an internship. The work and pay is not glamorous, but internships can often lead to a job with the company or at the very least give you the experience to jumpstart your career. Search job sites like Indeed.com for accounting internships throughout the country.
Working while pursuing your degree sounds like the best of both worlds: you get to maintain a salary while furthering your education. However, balancing school, a job and any other obligations you may have, such as your family, can be overwhelming. An online program does not have rigid course schedules, but you still need to devote time to completing coursework. Managing your time is not impossible, but performing poorly defeats the purpose of returning to school.
Are there any scholarships?
When searching for scholarships to fund your MBA in accounting online, start by looking within your current school. For example, University of Texas automatically considers all applicants for recruiting scholarships in the form of tuition waivers and cash awards ranging from $2,000 to $10,000 a year. You will be most competitive for school-specific scholarships since you will only be competing with fellow students instead of the entire country.
If you are planning to go into public accounting, then you may qualify for a scholarship offered by the American Institute of Certified Public Accountants (AICPA). This organization works to maintain the reputation of the CPA profession and attract talented individuals to the industry by offering many scholarship opportunities. For example, it offers the AICPA/Accountemps Scholarship, a 1-time $2,500 award for graduate students in accounting and related majors who plan to pursue CPA licensure.
There are also organizations that work toward helping members of certain demographics receive advanced degrees. For example, the National Black MBA Association offers minority students pursuing a masters degree program in business scholarships up to $15,000 a year.
Hundreds of scholarships are available, so make sure to search every possibility to help fund your education. Just remember that online schools do not always qualify for scholarships, so make sure to check the eligibility requirements.
Are there any notable people who have earned MBAs??
While searching online MBA accounting programs you may wonder what people have done with this degree before. There are many notable people with an MBA, but their concentration is usually not specified. MBA graduates come from all walks of life and have gone on to lead very different careers.
Stanford MBA graduate Philip Knight co-founded Nike and is an active philanthropist, having donated millions to his alma maters.
Regina Benjamin received her MBA from Tulane University. She is an American physician who serves at the eighteenth Surgeon General of the United States. Previously she directed a nonprofit primary care clinic in Alabama.
Laurene Powell Jobs is another Stanford MBA graduate. She is most well known as the widow of Steve Jobs, but she is also a prominent philanthropist, focusing on education, women’s rights and the arts. She is on the board of many large nonprofit organizations including Teach for America and the Global Fund for Women.
Some MBA graduates are now infamous, such as Robert Hanssen, an MBA in accounting graduate from Northwestern University. A former FBI agent, Hanssen pled guilty to 13 counts of espionage on behalf of Soviet and Russian intelligence services.
Jeffrey Skilling, a name you will definitely hear at least once in your accounting courses, is an MBA graduate from Harvard Business School. He is currently serving a 24-year sentence for his involvement relating to Enron Corporation’s financial collapse.
Are there any traditional colleges that offer an online program?
There are many traditional colleges that offer online MBA accounting programs that are accredited by the Association for the Advancement of Collegiate Business Schools, the benchmark of quality for business schools.
University of North Dakota offers an online MBA with a concentration in accounting designed to help you fulfill the 150-hour requirement for taking the Uniform CPA Examination. This program requires that you have a strong foundation in accounting principles, taxation and auditing, but both students looking to enter accounting and those already in the profession will benefit from this program. Classes are held online 1 evening per week and the program takes about 2 years to complete.
University of Massachusetts, Lowell also has a distance learning MBA accounting program. The program consists of 10 to 16 courses, depending on your educational background, and you can take classes online, on campus or both. Excluding prerequisites, there are 7 required core classes and you can choose 3 elective courses in your accounting specialization, such as taxation in business decisions and globalization.
When searching for program, try to find AACSB accredited accounting MBA online schools. These top online accounting MBA programs meet the standards of the AACSB, ensuring that you will receive a quality education and a respectable degree.