Accounting is a fundamental aspect of every business, making it a beneficial career option with plenty of opportunities. Accountants serve as the masterminds behind financial decisions and ensure that businesses follow regulatory compliance and avoid hefty fines.
If you are considering a career in accounting, or are an accountant graduate, below we look at the benefits of gaining a Master of Science in Accounting (MSA).
Better Career Opportunities
Gaining an MSA expands your career opportunities tenfold. This includes opportunities in job roles beyond a traditional accounting position, such as tax consulting, forensic accounting, managerial accounting, and financial analysis.
These career opportunities bring higher salaries and offer unique challenges and increased responsibility, both of which look great on your resume. If you want to improve your chances of landing the career of your dreams, it’s important to brush up on these soft skills for accountants.
Gain Professional Connections
Pursuing an MSA offers more than just an excellent education. During your studies, you will learn from industry experts, gaining professional connections within an educational setting. An MSA program also attracts a diverse cohort of professionals, such as recent graduates, mid-level professionals, and international accountants.
Interacting with other accountants and faculty members gives you the chance to learn and grow from other professionals, exchanging knowledge and gaining further insight. These connections may lead to job offers, internships, and other valuable opportunities. Networking is a vital part of improving your job prospects, so make sure to do this throughout your career.
Meet CPA Requirements
Many US states require accounting candidates to complete a certain number of credited hours to take part in the Certified Public Accountant (CPA) exam. These hours are usually beyond those you would gain from a bachelor’s degree. Completing an MSA often fulfills these additional requirements, which allows you to gain a CPA license.
Becoming a CPA further enhances your career prospects and can open doors to high-level positions, further increasing your earning potential. If you’re looking for a way to gain your CPA license, an MSA degree offers a structured pathway to certification, allowing you to fast-track your career advancement.
Improve Your Accounting Knowledge
Accountants who are the best at their jobs are the ones who take it seriously. They follow the latest in regulatory compliance, attend seminars, and advance to higher education. With an MSA, you can gain advanced knowledge in accounting principles, auditing, taxation, financial reporting, and other important accounting topics.
With more knowledge comes better opportunities, with some job roles only available to those who have an MSA. You also gain enhancement of your credibility and competence as an accountant. This enables you to become a sought-after professional in the accounting industry.
As you can see, an MSA degree can significantly influence your accounting career, bettering your career opportunities, gaining professional connections, meeting CPA requirements, and improving your accounting knowledge. If you’re looking for the best way to land the job role of your dreams, it starts with investing in yourself and your education.
