Connect with us

Will an MBA Help a Career in Accounting?

Published

on

Generally, an MBA does not advance a career in accounting. Rather, it positions an accountant to leverage his or her accounting proficiency to pursue other careers. Public accounting, to some degree, even eyes the advanced degree with some suspicion.

According to one Big Four manager:

Advertisement

Whenever a staff person mentions an MBA to me, a yellow caution flag goes up in my mind. This is nothing against the degree itself, which clearly adds significant value to the person pursuing it, the kind of broad-based knowledge that should in theory enhance an accountant’s perspective and performance on the job. But in reality, the time spent on an MBA is time spent away from developing the specific accounting knowledge needed in our profession. The MBA is a deep commitment of time and resources – dedicating so much to non-accounting topics is a signal to me that the person is thinking of leaving. What the MBA does is prepare someone to pursue other careers – it should come as no surprise that every accountant I’ve known who has earned the MBA has left the profession.

 

Nevertheless, an MBA degree can enhance an accountant’s career, particularly that of a nonpublic accountant. One recruiter reports that many financial analyst positions often prefer or even require an MBA degree, as a financial analyst will often be a part of a cross-functional team that demands a comfort level with areas such as marketing, operations and management.

And, despite the suspicions of the manager previously quoted, an MBA degree does not automatically mean the end of a public accounting career.
One Big Four CPA says that her firm even supported her desire to get the degree:

I’ve always enjoyed working at my firm, but I came to a point where I wanted to get a broader perspective on my job, something an MBA could give me. When I broached the subject with my partner, he was enthusiastic (he had always given me wonderful performance reviews) and nominated me for a process in which the firm would finance a full-time MBA for me so long as I agreed to work for the firm off-semester and for a set duration after earning my degree. After getting the MBA, I moved away from auditing (and my partner) and into a risk management role. I think in the view of my old partner, the firm should do whatever it takes to keep its top talent.

Further reading:

  • Non-public Accounting Career Path
  • Public Accounting Career Path
  • 1 Comment

    1 Comment

    1. Jun 4, 2010 at 11:49 am

      sir can you reply me urgently that what can do after the cource of account & finance, & which is a best coures account&finance or BMS plz rly me on my email id thank

    Leave a Reply

    Your email address will not be published. Required fields are marked *




    Are you looking for easy accounting tutorial? Established since 2007, centre-potential.ru hosts more than 1300 articles (still growing), and has helped millions accounting student, teacher, junior accountants and small business owners, worldwide.

    Trending


    Related pages


    wac methodtransaction related audit objectiveexample cash flow statement direct methodcorridor amortizationpaid in capital in excess of par balance sheetsales department budget templatecalculate wip inventorycompiled financial statements examplereorder point definitionstandard costing advantages and disadvantagesias16contribution margin ratio increases whenpromissory agreement templatecomprehensive basis of accountingthe receivables turnover ratio is computed by dividinglimitation of standard costingifrs matching principleppe valuationinterest receivable journal entryonerous contract accounting treatmentwhat does the contribution margin tell youias accounts receivablecapitalized software development costssample accounting services engagement letterwhat is the first step of capital budgetinghow to do adjusting entries in accountingdelphi method of forecastingaccounting debit vs creditpromissory note without interestsuspense account journal entriesaccrued taxes journal entryaccrual reversalbudgeted income statement templatematching principle in accountinggeneral mills 10kbacklog accountingpayroll fraud definitioncompleted contract method revenue recognition examplefinancial ratio analysis interpretationfixed asset capitalization rulesblank promissory note wordjournal entries for bank reconciliation examplevariable overheadsnonmonetary exchangecash skimmingaccounting for fixed assets gaappay cp2000 onlineoverheads accountingfutures accounting entrieshow to find unit contribution margincif shipping definitiondefine note payablecash flow sales ratiohow to prepare a pro forma balance sheetpredecessor auditorconsolidated financial statement definitionapic financeactuarial gains and lossesjournal entries depreciationtrading securities classificationcara menghitung break event pointhow to calculate common stockholders equityvendor balance confirmationoptimal stocking level formulagoodwill tax calculatoraccounting subsidiary ledgersaccounting adjusting journal entriesebit accountingstatement of stockholders equity formatvaluation allowance examplemrl finance