About Online Master’s Degree in Accounting and Finance
Online Master’s Degree in Accounting and Finance is a joint program with the Boston University School of Business. This is a great degree to have especially if you are a work at home mum or a student who needs some extra education. You can earn a Masters Degree in accounting and finance at BCU online. This Masters Degree is a double edged sword, as you can be employed in an accounting job or doing research, but you will also have time to pursue your Master’s Degree. Both types of education give you the foundation for a successful career in finance and accounting.
Parts of Online Master’s Degree in Accounting and Finance
The online master’s degree in accounting and finance has two parts, with each having its own set of courses.
Part one is classroom learning
Part one is classroom learning where you will learn all about accounting principles, math, statistics and other general information that you will need to succeed in the field. During this time you will also elect to take a series of exams that will determine if you meet the criteria for your degree program. Once you complete this part of the program you will be ready to graduate and get a Master’s degree.
The second part of this online degree
The second part of this online degree is focused on hands-on application of your learned knowledge. During the clinical portion of the degree you will participate in practicum sessions with business owners from around the country. These practical sessions allow you to apply your accounting and finance knowledge to real world business problems. During these sessions you will explore topics such as management strategy, leadership, financial planning, and other areas. As you gain experience, you will be able to apply your new knowledge to an actual business problem.
Once you have finished your online masters degree in accounting and finance, you will have the opportunity to obtain a job in the field.
Salary after online masters degree
Generally your salary will be based upon several factors including your level of experience and field where you are going to work. Some areas pay higher salaries than others. If your area of expertise is very popular, you may even be able to increase your salary substantially.
Advantages of online master’s degree
Obtaining an online master’s degree is an excellent way to further your education. This advanced education will help you in gaining specialized skills set that is in demand by companies all over the world. With your master’s degree you will be prepared to enter into management positions where your knowledge in finance and accounting will be very valuable. You may even be able to move up the career ladder faster.
You may have already obtained a Bachelor’s degree in Business or a similar field. Many companies offer an option of combining your business knowledge with a knowledge in finance. This is often referred to as cross functional management.
When you combine your knowledge in accounting and finance, you will gain an overall depth of understanding which is invaluable in today’s fast paced world. Not only will you be more productive in your current job, but you will also be better qualified to achieve success in the future. You will be able to understand what is happening in your company from a managerial perspective.
Add on for business or workforce
Obtaining an online master’s degree in accounting and finance is also great for those already in business or the workforce who are looking to enhance their skill set. With this advanced education you will learn valuable skills that are needed by many industries. For example, financial planners are required to perform complex analyses of complex financial data. Accountants are required to evaluate financial reports from various sources in order to provide objective, timely information to their clients. Finance is necessary for every industry and is required for managers to make sound business decisions. Obtaining a master’s degree in finance allows one to fulfill these roles much more quickly and easily.
Earning a master’s degree in finance and accounting online opens up many doors in the workplace. It can help you advance in your current career or provide you with the competitive edge needed to push your career forward. The master’s degree is usually taken over four years and the subjects include mathematics, statistics, financial planning, decision sciences, and management. There are many online master’s degree programs in financial markets available, so finding one should not be difficult. Choose the program that best suits your needs and will allow you to reach your goals.