Master’s in Accounting Analytics Abroad: Top Universities, Cost

Master’s in Accounting Analytics is an advanced academic program designed to equip students with a comprehensive understanding of both financial accounting principles and data analytics techniques.

This interdisciplinary degree is a blend of traditional accounting knowledge with analytical tools, preparing graduates to tackle the complex challenges faced by multinational corporations, financial institutions, and other organisations operating in a global context.

In this blog, we’ll learn about the MS in Accounting Analytics program, covering its scope, top universities, eligibility, application process, costs, scholarships, career prospects, and more.

Course Name	Master’s in Accounting Analytics
Duration	1-3 Years
Mode	Online and On-campus
Eligibility Criteria	– BSc in related subjects – GRE Score – IELTS/TOEFL Scores
Scope	Data Analyst, Risk Manager, Accounting, Financial Manager, etc
Average Salary	$ 70,000

Also Read – Master of Finance

Master’s in Accounting Analytics Syllabus

MS in Accounting Analytics program is a bridge between traditional accounting practices and the modern era of data-driven decision-making. Students embark on a journey to grasp complex financial regulations, international standards, and advanced analytics techniques.

The field of accounting is rapidly evolving as businesses are becoming more data-driven. In order to stay ahead of the curve, accountants need to be proficient in using data analytics to make informed decisions. The Master’s in Accounting Analytics is a degree that equips students with the skills they need to succeed in this field.

This program covers a wide range of topics including:

1. Financial Accounting and Reporting
2. Managerial Accounting
3. Auditing
4. Data Analytics
5. Business Intelligence
6. Risk Management
7. Corporate Governance
8. International Accounting Standards

Students also gain hands-on experience in using data analytics tools, such as R, Python, and SQL. This practical experience is essential for students who want to work in data-driven roles in accounting.

Top Universities for Master’s in Accounting Analytics 

The Master’s in Accounting Analytics can be 1 year to 3 years of program that is offered full-time or part-time. The program is open to graduates with a bachelor’s degree in accounting, finance, or a related field.

Top Universities offering courses related to masters in accounting and analytics with their ranking and fees are – 

Universities	QS World University Ranking 2024	Fees
Massachusetts Institute of Technology	1	$63,700
University of Cambridge	2	£42,680
University of Oxford	4	£43,875
Stanford University	5	$64,400
National University of Singapore	8	$53,000
University of Sydney	19	$ 54,000
University of Toronto	21	$ 72,630
London School of Economics and Political Science	45	£ 37,500

Also Read – MSc Accounting and Finance

Eligibility Criteria for Studying Master’s in Accounting Analytics Abroad

The eligibility criteria vary from university to university. Here are some general requirements that prospective students typically need, they are –

1. They must have an undergraduate degree in accounting, finance, or a related field.
2. Some universities might require standardized test scores like the GRE or GMAT.
3. Along with test scores English language proficiency exams such as IELTS or TOEFL are also required with a good band.
4.  Some universities might also conduct interviews to assess a candidate’s suitability.

Documents Required for Application to Master’s in Accounting Analytics Abroad

A complete application form requires the following documents.

– Transcripts of previous education

– Letters of recommendation

– Statement of purpose (SOP)

– Standardized test scores (if applicable)

– English language proficiency test scores

– CV/Resume

Cost of Studying Master’s in Accounting Analytics Abroad

The tuition fees vary among universities and regions. On average, the tuition cost for an MS in Accounting Analytics program ranges from $20,000 to $50,000 per year. However, fees can be significantly higher for prestigious institutions.

Cost of Living 

The cost of living depends on the location of the university. Urban centres tend to have higher living expenses, including accommodation, transportation, food, and leisure activities. On average, students should budget around $12,000 to $25,000 per year.

Scholarships for Master’s in Accounting Analytics Abroad

Various universities offer scholarships and financial aid based on merit, need, or diversity. Students can explore options like the Fulbright Scholarship, Chevening Scholarship, and university-specific awards.

Top Companies 

The graduates of the MSc International Accounting and Analytics program are highly sought after by multinational corporations, financial institutions, consulting firms, and regulatory bodies. Some of the top recruiting companies are- 

1. Moody’s
2. Amazon
3. Deloitte
4. Ernst &Young
5. Goldman Sach
6. JPMorgan Chase & Co. Financial Services.

Job Profiles and Salary

After graduating from this program, students will be qualified for a variety of jobs in accounting, finance, and business intelligence. Some of the job titles that graduates can pursue include:

1. Financial analyst–  Financial analysts use data to assess the financial health of companies and make investment recommendations.
2. Data analyst: Data analysts use data to solve business problems. They may work in a variety of industries, such as finance, healthcare, or retail. Read here to know more about “How to become a Data Analyst?”.
3. Audit manager: Audit managers oversee the auditing of financial statements. They ensure that financial statements are accurate and compliant with accounting standards. Read here to learn more about “How to become an Audit Manager?”.
4.  Risk manager: Risk managers identify and assess risks to a company’s financial health. They develop strategies to mitigate these risks.
5. Corporate controller: Corporate controllers oversee the financial operations of a company. They ensure that financial records are accurate and that the company is in compliance with financial regulations.
6. Financial consultant: Financial consultants provide advice to businesses on financial matters, such as budgeting, investment, and risk management. Read here to learn more about “How to become a financial advisor in India?”.

The MSc in International Accounting and Analytics is a valuable degree and a graduate’s salary varies based on factors like location, job role, and the employer’s reputation. On average, professionals in this field can earn anywhere from $60,000 to $100,000 per year, with the potential for substantial growth.

The MS in Accounting Analytics program opens doors to a dynamic and impactful career at the intersection of finance and data analytics. As global markets continue to evolve, the demand for professionals who can navigate intricate financial landscapes while harnessing the power of data insights is only set to increase. With top-notch universities, exciting job prospects, and the chance to contribute meaningfully to the financial world, this program stands as a beacon of opportunity for aspiring financial leaders.

Also Read – Study MSc Accounting and Finance in the UK

FAQs  

Hopefully, this blog has provided you with all the information required to pursue a master’s in Accounting Analytics abroad.  Leverage Edu mentors can assist you in selecting the right program that can help you grasp a complete understanding of the field to build a great foundation for beginning a thriving career ahead. Call us at 1800-572-000 to begin your study abroad journey today.