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Top 4 MBA in Accounting: MBA vs Masters, Career Options, Job Responsibilities & Titles

MBA in AccountingAccounting is invaluable for any business. The performance of a company, the stock prices and strategic plans for the company depends on the company’s financial health. Accounting help executives summarize the health of a company with key metrics like Cash Flow, Assets, Liabilities and Equity.  There are 2 major types of accounting: Financial Accounting & Cost accounting. Financial accounting keeps a track on assets, debts, income & expenses. It includes the balance sheet and income statements. Cost Accounting relates to manufacturing or production costs, and helps Business to set optimum prices for its products and services.

As far as professionals are concerned, it is essential to have a basic knowledge of Accounting that would help them read and understand financial statements, and evaluate the accuracy of a company's account statements. The core curriculum in MBA programs covers the basic principles of Accounting.

Why is MBA in Accounting so important?

Specialized and niche accounting skills are must for an advanced understanding of the Financials of a company. Accountants use their skills to manage an organization's checkbook and orders, auditors analyze financial statements to determine the integrity of a business, and executives read accounting statements to check if the company's strategies have been successful. Besides these, Accounting is also vital for daily operations in a company like maintaining invoices and helping the Company make or receive payments.

Accounting's importance has increased in recent years following Enron and WorldCom crisis, which was triggered when reputed Accounting Firms played along with the company’s illegal Accounting practices. Since then, governments and companies have become stringent with regard to financial statements.

What are the various Degree Options for Accountancy?

There is a variety of options for students seeking to specialize in accountancy. One is the 2-year MBA in Accountancy. The other is a Master of Accountancy, which is a 1-year program. The MAccy program offers a variety of choices for specialization. Some of the other specializations are Master of Accountancy in Financial Accounting, Master of Accountancy in Governmental Accounting, and Master of Accountancy in Taxation. Irrespective of the degree completed, the CPA (Certified Professional Accountant) test must be passed before a professional is authorized to audit or certify accounts. Between them, the MBA in Accountancy is also the more expensive and selective program. It covers the core MBA curriculum with topics in General Management and Marketing.

What are the Career Options in Accountancy?

MAccy is ideal for those who want a career strictly in the accounting function. On the other hand, an MBA in accountancy is perfect for those seeking additional managerial responsibilities, career diversification in the future, and for those seeking an Entrepreneurial career.

There are 4 types of accountants:

1) Public Accountants work for non-profit or for-profit organizations, governments, or even individuals. Their job profile typically includes Auditing, Accounting and Taxation.

2) Management Accountants
, also known as Cost Accountants, work for a specific company, recording and analyzing financial data, and may specialize in areas like Planning & Budgeting, Financial Analysis or Cost Accounting.

3) Government Accountants, as their name implies, maintain financial records for the government while managing, analyzing and forecasting budgets. They could also serve in financial regulatory bodies.

4) Internal Auditors study a firm's records to reduce wasteful expenditure, and prevent any fraud.

MBA job responsibilities could involve managing accounts, managing accounts departments, financial tracking, tax preparation, or even managing accounting consultancies. Titles could include accountant, accounts manager, comptroller and financial accounting consultant. Ultimately, MBAs in Accounting would have the opportunity to be the Chief Financial Officer of an organization, or even become a CEO.

The most prestigious recruiters for MBAs in Accounting are the Big Four - PWC, Deloitte, Ernst & Young and KPMG.

Here are our picks for the Top 4 MBAs in Accounting

1) Rutgers MBA in Accounting

The Rutgers Business School in Newark and New Brunswick offers a Professional Accounting MBA that requires just 14 months to complete. The program incorporates management skills, along with the theory and practice of accounting. The teaching methodology involves course work, team tasks, case studies, and team projects. Students can sit for the CPA exam after graduation. The curriculum is based on 4 pillars - Communication Skills, Professional Accounting Knowledge, Critical Thinking Skills for Business & Accountancy, and Ethics.

The curriculum includes Accounting Courses like Management and Cost Accounting, Auditing Concepts, Advanced Auditing and Accounting Information Systems, Income Taxation, Corporate Taxation, Accounting for Governmental & Not-for-Profit Entities and an Accounting Research Project. The Business courses include Business Communication, Business Law, Marketing for Decision Making, Managerial Economic Analysis, Operations Analysis, Ethics and Professional Responsibilities and International Business.

Rutgers has 3 research centers that serve to advance expertise in this field - Center for Governmental Accounting Education & Research, Rutgers Accounting Research Center, Rutgers Financial Institutions Center and Institute for Ethical Leadership.

Some of the recruiters are PricewaterhouseCoopers, Ernst & Young, KPMG, Deloitte, Grant Thornton, Crowe Chizek & Co, Rothstein Kass and Wilkin & Guttenplan.

Click Here to Read the Second Part of the Series - Top 4 MBA in Accounting

Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

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