Now that the market is open to a lot many options for advancing your career, today students are not restricted in their options by financial status or lack of future options. Today the times are all about embracing and pursuing one’s passion rather than being dragged down by conservative and limited options. While an MBA is quite a popular opinion amongst the millennials the right stream to do the MBA in is an equally important aspect of it. Checking out all the streams, their eligibility, and their career paths is the first step to approach an MBA in the right way. Amongst all the branches, let’s discuss one such MBA that is gaining popularity across the globe – MBA in Accounting.
Why MBA in Accounting?
An MBA is meant to be a course that grooms and readies the candidate for the rough and tough life. The one or two year(s) program is to bring about the leadership qualities and/or the manager level skills required to get to the top of the chain. A student chooses an MBA in Accounting when he/she wishes to make a career in finance or taxation. This gives the candidate access to opportunities pertaining to accounting in public or private companies. MBA in Accounting has no prerequisite in terms of an undergraduate course, and any student with the specified percentage can apply and do the course. An MBA in Accounting can open doors to different kinds of career options, such as:
- Financial Analyst
- Certified Public Accountant
- Tax Manager
- Auditing Manager
- Financial Planner
- Tax Fraud Examiner
- Budget Analyst
- International Accountant
- Tax Consultant
There are different options one can choose even after an MBA in Accounting. It is not compulsory to go through with these career options specifically. A career in marketing and sales, for example, is another option that, if not completely, gels well with the subjects offered. However, these career options suit well with the framework of the subjects offered in an MBA in Accounting.
Course Structure of MBA in Accounting
It is common knowledge that students of all MBA streams are required to study the basic subjects at the beginning of the course. These subjects are common to all streams and clearing them will allow the students to get down and deep in their selected stream subjects. Here is a list of some of the subjects taught during an MBA in Accounting:
- Auditing and Professional Responsibilities
- Advanced Accounting
- Commercial Law
- Financial Accounting
- Organisational Behaviour and Leadership
- Innovation Management in Products and Services
- Marketing Concepts and Commercialisation
- Advanced Taxation
- Competitive Strategies
There are other subjects that are taught too, but these can be considered as few of the core topics taught during an MBA in Accounting. Keeping in mind the kind of knowledge the student stands to gain from the course, the student should move forward with their choice.
Colleges Offering MBA in Accounting
After looking through the career options and course framework of an MBA in Accounting, it is important to look over colleges that offer that knowledge and opportunities required to make it big in the area. A good college ensures a good study environment, good professors, right subjects and good placement opportunities.
Here is a list of colleges that you must consider for pursuing MBA in Accounting:
1. MIT Sloan School of Management
MIT Sloan School of Management happens to be one of the renowned colleges for management studies.
Located in Cambridge, Massachusetts, this college offers numerous programs to pursue MBA in Accounting :
- Financial Accounting
- Corporate Financial Accounting
- Corporate Financing and Security Design
2. Stanford Graduate School of Business
Situated in Stanford, California, one of the most established business schools in the world, this college offers a chance to do an MBA in Accounting with the following options:
- Accounting Based Valuation
- Acquisitions and Mergers
- Event-Driven Investing and Analysis
3. Columbia Business School
Located in New York, this business school has programs dedicated to accounting and offers the following to the students seeking admission in MBA in Accounting:
- Corporate Transaction of Financial Modelling
- Accounting for Value
- Strategic Behaviour and Economics
- Fundamental Analysis and Earning Equality
4. University of Chicago
The reputed college in Chicago, Illinois boasts of good programs for MBA in Accounting. This institution offers:
- Financial Analysis and Accounting
- Internal Controls and Cost Analysis
- Financial Statement Analysis
- Business Strategy and Taxes
5. North Western University:
Positioned at Evanston, Illinois, this institute offers the opportunity to explore an MBA in Accounting through:
- Managerial Accounting Track
- Financial Accounting Track
Choices a decade ago were a luxury that students were not offered. Now with choices being the prime factor that drives one’s professional life ahead, one must choose wisely. Not just the choice of career direction or course to study, but also how you want to navigate that path. We at Leverage Edu we are there to help you make the right choices that will help you build an awesome career. Call us at +91-8826200293.