List of Accredited Online Degrees
A love for digits goes a long way in business. Money makes the world go round, and those specializing in finance or accounting are essential to global enterprises.
The career path for an online MBA finance or accounting graduate isn’t about pure math: It’s about smart problem solving. Whether it’s conducting a multi-billion dollar merger and acquisition deal, or using valuation models like Capital Asset Pricing Model to help companies and clients make decisions, there’s a high demand for this type of skillset.
That’s where an online MBA in finance takes you: Building a skillset to make big decisions is just as important as getting the numbers right.
THE CAREER PATH
Where in the world do successful online MBA accounting graduates end up? Working in a Big Four accounting firm is one possibility, but many also work in smaller firms and in-house roles in non-financial institutions.
- Financial Managers spend their days deep in financial reports, handling investments, and strategizing their company's financial goals. They earned a median annual wage of $117,990 in May 2015, and this field is expected to grow 7 percent through 2024.
- Corporate Controllers are seasoned accountants with strong leadership skills. Salary often depends on company size. At a mid-size company ($100-250 million in sales), for example, they can command a salary range from $114,750 to $153,000.
- Financial Analysts tackle details like stock tickers and bond performances, to drive day-to-day decision-making. They earned a median annual wage of $80,310 in May 2015.
WHO IS THE IDEAL CANDIDATE?
Like balance sheets, no two online MBA finance or accounting candidates are alike. While traditional factors like GMAT scores do matter, schools are evolving to accept applicants from all backgrounds.
Even creative folks often pursue an online MBA in finance or accounting so they can execute an entrepreneurial dream through practical details like risk management, financial modeling, and accurate bookkeeping.
WHAT SHOULD I EXPECT?
Admission requirements vary with online MBA finance or accounting majors. GPA minimums vary but top business schools usually require at least a 3.0.
Got a limited academic background or low GPA but have accounting-related experience? Many schools also factor in at least several years of professional experience, so be sure to mention it in your application essay.
Coursework for an online MBA finance is designed to build leadership and analytical skills that help teams make decisions. Expect to see:
- Financial reporting and modeling
- Organizational management
- Structure of financial institutions
- Short and long-term financing
- Risk management
- Financial planning and analysis
Many online accounting MBA programs also require a capstone project where students solve real-world bookkeeping problems.
WHAT SHOULD I LOOK FOR?
To qualify for employment, your online MBA finance degree must be accredited. Association to Advance Collegiate Schools of Business (AACSB) accreditation is the gold standard for business programs, online or on campus. Regional accreditation is the next best and is usually a good choice for a more affordable yet still high quality business education.
Investing in an online MBA in Accounting or Finance means investing in your future and total lifetime earning potential. GetEducated’s rankings revealed the average cost of an online MBA is $25,869 which is slightly higher than the average cost of an online master's in accounting at $22,229.
To ensure you’re getting a good deal make sure to examine factors like:
- Cost per credit hour (in-state, out of state)
- Estimated degree cost
- Credit hours to complete