Strengthen career resilience in finance professions with a master’s degree in accounting
A career in finance can be very rewarding and exciting. The sector is constantly evolving, leading to opportunities in major financial markets around the world and an increase in jobs in finance. Graduate degrees such as a master’s degree in accounting could help you build a career in the field and potentially position you for promotion or for a managerial position within a financial division.
Jobs in finance are in demand. Bloomberg, for example, recently reported that the easing of the UK foreclosure had boosted the market for Finance jobs in London, with assignments in the third quarter more than double compared to last year.
In the United States, the United States Bureau of Labor Statistics notes that employment in business and financial activities is expected to grow by 8% from 2020 to 2030, about as fast as the average for all occupations, adding about 750,800 new jobs.
âGlobalization, a growing economy and a complex fiscal and regulatory environment are expected to continue to drive a strong demand for accountants and auditors,â he said.
Many CEOs, past and present, also have accounting degrees, including American Express CEO Stephen Squeri and Unitedhealth Group CEO Dave Wichmann. Former AT&T CEO Randall L. Stephenson also has a master’s degree in accounting. Careers in accounting are a relatively stable field, which makes it a good career choice.
Almost every business, regardless of industry, requires the services of an accountant, which means the potential for finding employment in almost any corner of the world is endless.
How will a master’s degree in accounting help me find finance jobs?
The degree will sharpen your analytical skills and deepen your knowledge of accounting principles. It could also serve as the boost you need to secure a managerial position within a financial division of a variety of companies.
A master’s degree in accounting is an important step towards certified public accountant (CPA), It said. He adds that this graduate degree will also equip learners with advanced analytical skills, in addition to deepening their knowledge of accounting principles and learning the latest technology.
Ohio University Remarks Obtaining a master’s degree in accounting prepares you for positions in accounting and finance, whether as an accountant or an auditor.
âFor example, a potential career path, a MACc [a Master of Accountancy] The next degree could be that of an accountant, âhe said, adding that workplaces could include international companies, start-ups or anything in between.
âAccountants can be employed by large outside companies, or they can work in the finance and accounting function within a company. These roles can eventually become the future CFOs and CEOs of the company.
What am I going to learn?
Many universities offer the degree. The University of Manchester, for example, notes that its Masters in Accounting program will introduce students to different aspects of accounting research and advice in conducting research.
Students will be exposed to topics such as advanced management accounting, corporate financial reporting, qualitative research methods, international accounting practices and regulations, and corporate governance.
Students can expect the program to advance their thinking and debate on contemporary issues of financial reporting, management accounts, auditing, and governance, in addition to developing skills valued by scholars. employers or to prepare for a research career in academia.
The program at the Schulich School of Business at York University is academically rigorous; he is accredited by CPA Ontario and ACCA.
âGraduates of the program will be ready to take the CPA Common Final Examination (CFE). In addition to gaining in-depth knowledge of all of the sub-disciplines that make up the broad field of accounting, they will have deepened their expertise in two of the program’s specialist option areas: taxation, insurance, and asset management. performance, âthe university said.
Ultimately, a graduate degree will equip you with a more specialized skill set to advance your career or find jobs in finance.