For business professionals, graduating from a master of business administration (MBA) degree course can lead to increased opportunities. With many different specialties to choose from, business professionals can find an MBA that matches their occupation. The accounting MBA is one specialty that is currently experiencing high growth. It is also predicted to continue to increase in demand.
Some professionals pursuing an MBA may want to study two specialties at the same time. This can reduce the time off from work. Instead of taking their MBAs separately, they can study for both at the same time. Two MBAs can give professionals greater flexibility if they have to change jobs. Some other MBA specialties that pair well with accounting can include:
- Internet commerce
MBA degrees come in a variety of scheduling options. Busy professionals can find a program that suits their family life and work needs. For professionals who are not working full-time, 1 and 2 year programs make the most sense. Professionals working full-time should probably choose a part-time MBA program because of how demanding MBA coursework can be.
Full-time MBA programs most commonly come in 1 or 2 year options. A 1 year MBA typically has strict admission requirements. Taking a 1 year MBA course is very rigorous. The coursework is compressed into only 11 to 16 months in most programs. Professionals should expect to spend most of their time completing coursework and studying.
In a 2 year MBA program, students typically focus upon core curriculum during the first year. The student often is allowed to pick their courses during the second year. A 2 year MBA can be more expensive than a 1 year MBA because of the length of the course.
For professionals who have to work full-time while taking their MBA, part-time programs are becoming more popular. Most online MBAs are also part-time. For offline part-time MBAs, the classes are usually scheduled at night. This allows professionals to work during the day and then come to class after work. A part-time MBA typically can be completed in 2 to 3 years. Some can take up to 5 years to finish.
Most employers will offer time off or tuition reimbursement for some or all of a professional’s MBA. Because an MBA is a significant time commitment, professionals should consult with their employer. Professionals may need occasional assistance from work such as a day off or leaving early.
In an accounting MBA program, professionals will learn to examine and adjust financial protocols. Accounting professionals may advise businesses or company owners about how to maximize profits or where a company may be out of compliance with the law. Every company will need the services of one or more accounting professionals at times. Large companies often have entire departments of accounting professionals to manage their financial practices.