MBA in Accounting

MBA in Accounting is a full-time two-year postgraduate course that focuses on developing an in-depth understanding of disciplines including accounting, marketing, taxation, finance, human resource management, etc. Graduates of MBA in Accounting concentration typically have positions as chief compliance officers, accounting educators, chief financial officers, controllers, environmental accountants, etc.

To be eligible for this course, students must pass entrance exams like MAT, CAT, UPSEE, XAT, MAH CET, etc. In India, some colleges deliver this course in online mode, while most colleges follow an offline mode of education. Some of the top colleges offering these courses are SJMSOM IIT Bombay, Parul University, Prestige University, Bharati Vidyapeeth Deemed University, etc. On average, the course fee for top colleges ranges from around INR 1.4 to 7 LPA. Graduates in this field earn decent initial salaries of INR 3.5 to 15 lakhs annually.

Check all the important details about  MBA in Accounting from the table given below.

There could be numerous reasons behind choosing an MBA in Accounting. Here are a few of them:

Increased Salary: Strategic planning and leadership are only two of the numerous employable talents that an MBA teaches. According to Payscale, as of April 2022, MBA graduates in finance and accounting make an extra USD 20,000 a year more than accountants with bachelor's degrees do on average.

Job Diversity and Security: A marketing, business, and finance focus are prevalent in MBA in Accounting courses. Graduates of this advanced education generally have a variety of professional work opportunities available to them.

Certification Preparation: The MBA in accounting prepares students for a career as a certified public accountant (CPA). The graduate can also earn other certifications, such as a certificate in internal auditing or a certificate in management accounting.

MBA in Accounting is one of the top MBA programmes after bachelors. MBA in Accounting is offered to students in different modes that will suit their convenience. The three popular types of MBA in Accounting are:

Full-Time MBA in Accounting Courses

Students who are opting for a full-time MBA in Accounting must attend regular classes, submit assignments, take part in class activities and appear for offline exams from the campus. They have to diligently follow the course curriculum. Students taking part in full-time mode immensely benefit from face-to-face classroom interaction with teachers and peers and get vast networking opportunities.

Part-Time MBA in Accounting Courses

Students who cannot commit to full-time MBA programmes can opt for a part-time MBA in Accounting. This enables them to fulfil their professional life besides getting the full benefits of the MBA programme. However, the course duration may take a little longer than usual.

Distance/Online MBA in Accounting Courses

The main benefit of distance or online MBA in Accounting is that it can be pursued from anywhere irrespective of your location. The course takes two to three years to complete and is specially designed for those who are unable to attend full-time or part-time MBA. 

Candidates interested to take admission for MBA in Accounting must take the various institute-level, state-level and national-level entrance examinations. The entrance exams will be conducted mostly in online mode. Some of them can take place even in offline mode. Students are required to take any one or more entrance tests depending on their choice of the institute. 

They can make a list of their preferred MBA colleges for Accounting and then apply for the tests accordingly. 

Here are some of the popular entrance exams for an MBA in Accounting:

In India, the eligibility criteria for MBA in Accounting courses may vary from one college or university to another. The detailed eligibility criteria are discussed below:

• Applicants must hold a bachelor's degree with a minimum score of 50% or equivalent from a recognized institution. It could preferably be in business, accounting, or business administration with a focus on accounting.
• Applicants must sit for university-level exams like MAT, CAT, UPSEE, XAT, MAH CET, etc.
• Depending on the type of college/university, an average of two to three years of professional work experience may be taken into consideration.

MBA in Accounting Admission Process

Admission to the two year MBA In Accounting course will be done on the basis of the scores in the qualifying degree. Colleges will prepare a selection list on the basis of candidates'individual scores in bachelor degree. Selected candidates will be called for a personal interview and group discussion. Candidates will have to perform well in both the rounds to get admission to any college offering an MBA in Accounting. Once the candidate has been selected, he/she can visit the college to confirm his/her admission.

MBA in Accounting Entrance Exam

Most of the colleges will include the scores of the Common Admission Test (CAT) while providing admission to this course. There are many other entrance exams that are conducted for admission to the programme. Candidates can check the admission process of the college to know the details about the entrance exam accepted by the college. Some of the entrance exams for admission to an MBA in Accounting are listed below. 

Students willing to get admission to MBA in Accounting can take direct admission or appear for an entrance examination. Those taking direct admission will be evaluated on the basis of their academic profile and personal interview. On the other hand, in the entrance exam based method, the several stages involved in admission for MBA in Accounting are:

• Students must check their eligibility criteria. Besides checking the MBA Accounting course fees, course syllabus and curriculum and placement opportunities are also important.
• If they are satisfied with the course structure, they can go on to appear for an entrance test like CAT, MAT, XAT, SNAP, GMAT etc. They must ensure that the colleges they are interested to apply to accept these test scores.
• Colleges will create a list of candidates based on test scores and previous academic qualifications. After that, they will be called for further selection rounds.
• The selected candidates will have to complete the formalities related to admission. 

Multiple colleges and business schools in India offer MBA in Accounting courses. Candidates can choose any government or private college for MBA in Accounting admissions. Most of the colleges provide a great return on investment (ROI) and placement opportunities. Students must enrol in colleges that will provide them with good classroom teaching and practical training. 

The table below lists some of the popular MBA in Accounting colleges in India:

Pursuing MBA in Accounting abroad thoroughly prepares students to address accounting challenges in organisations. It provides the needed coursework for graduates to understand the finances of an organisation and gain a broader perspective of financial reporting, analysis, making strategic investment decisions and identifying risks. The MBA in Accounting program combines business acumen and management practices while concentrating on advanced accounting. 

Here are some of the top MBA in Accounting study abroad colleges and their location: 

MBA in Accounting has always been a much sought after MBA specialisation. A career in it can reward the organisations as these professionals help to make smart decisions. Therefore it is necessary that the courses are provided by top-notch faculties who use several methodologies to give expert training to prospective students. The following table gives an indication of the average fees for the MBA in Accounting colleges in India. 

Candidates can check the table provided below to know all the topics which will be taught to them in two years. The syllabus of  MBA in Accounting includes the following topics:

Offered over two years in four semesters, MBA in Accounting offers specialist knowledge and skills along with a deep understanding of accounting trends. Students have to execute case studies and business plans, assess and complete research projects and adapt knowledge to evaluate creatively the business decisions through internship programmes. They gain an understanding of accounting, economics and finance.

Students get to select elective courses in the second year. At the end of the second semester, the students will take six weeks of Summer Training in a Professional Organization. After completion of the training, the student will present a report on the basis of their understanding.

After completing an MBA in Accounting, candidates can search for opportunities in areas such as corporate accounting, government and non-profit organizations, taxation,  government and non-profit organizations and finance. There are many job opportunities available after MBA in Accounting. Besides this, those who are interested in applying for a job can pursue further studies in accounting. 

Candidates can expect an average salary of 4 to 5 lakh per annum after completing the program. Some of the major profiles where they can apply are listed below.

• Equity Analyst
• Forensic Accountants
• Audit Manager
• Accounting Firm Partner
• Chief Accounting Officer
• Accounts Receivable Clerk
• Accountant
• Accounting Associate
• Accounting Manager
• Finance Manager
• Financial Analyst

Some employment areas where candidates may apply are 

• Public Accounting
• Tax
• Audit
• Budget Analysis
• Management Accounting
• Financial
• Real Estate Finance

One of the biggest advantages of an MBA in Accounting graduates is that they can be very flexible with their careers. They can choose traditional paths of accounting jobs like accountants or tread on lesser-trodden paths. There are several job opportunities in the private and government sectors. Given below is a list of the job roles and the average salary earned:

MBA in Accounting involves systematic recording, summarizing, analysis and reporting of data to enable businesses to maintain and keep financial information in order. Pursuing a professional journey in accounting involves problem-solving, advising, management and planning skills for clients seeking financial help. The person also requires mathematical and organizational skills and knowledge. They must be well-versed in technology, collaboration and management theory and practices. 

The core skills required for MBA in Accounting are: 

• Ability to read financial statements like balance sheets, income statements, annual reports, cash flow statements and etc.
• Ability to analyse and generate financial statements.
• Ability to make financial forecasts by predicting future revenue, cash flow and expenses.
• Developing data-driven finances.