Invest in Getting your Online Accounting Degree

 

With an estimated number of 1.3 million accountants in the workforce (Source: U.S. Bureau of Labor Statistics), obtaining an accounting degree has been all the hype lately. But it was never an option for those unable to commit on a regular basis or for those unable to travel to campus. Until now. Money is always going to be around and so will accountants, so why not invest in a stable job?

 

Online accounting degrees are a convenient and accessible alternative, you can learn more at http://www.rankonlineaccountingdegrees.com/. Still tempted to commence an online degree, but have no idea how? Fear not, for here is a simple and concise guide. As with other degrees, there are generally five types of courses available.

 

Certificate in accounting

Suitable for those with little to no accounting experience and can be completed within a year. It is generally recommended for those who are not entirely sure whether they would want to pursue an accounting-related career but needs to master basic accounting fundamentals for general bookkeeping matters and preparing basic financial statements.

 

Associate’s degree

An associate’s degree provides individuals with solid basics of accounting and is usually completed within two years. Recommended for those considering a career in accounting, people who complete this degree are taught to scrutinize financial statements for accuracy and also to assist in managing the finances of a business. They are authorized to produce basic financial statements. Individuals with an associate’s degree in accounting may also be employed to prepare the payrolls of a business, they would keep records of the employees’ working hours and to ensure that they are paid their wages on time.

 

Future Job Prospects

Accounts clerk – $35,170 per year

Payroll Clerk – $35,170 per year
Bachelor’s degree

A bachelor’s degree requires four years to complete. It serves not only to consolidate a sturdy framework of accounting and business knowledge but also to cultivate leadership and communication skills highly in demand in the business world. Requiring 120 credits, it prepares students for the Certified Management Accountant (CMA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE) and Certified Public Accountant (CPA) examinations. Therefore, the bachelor’s degree is perfect for those aiming to be a full-fledged accountant or to take on entry-level business roles.

 

Future Job Prospects

Financial analysts – $76,950 per year

Cost estimators – $58,860 per year

Accountant / Auditor – $63,550 per year

 

Master’s Degree

  • Prerequisite : Bachelor’s degree

A master’s degree typically takes one to two years to complete if one already possesses a bachelor’s degree. It involves further studies in the fields of business, accounting, finance and information systems, therefore equipping individuals with the skills to take on senior roles within a company. For those looking to enhance their career prospects and to take on more challenging positions, a master’s degree would be perfect for you.

 

Future Job Prospects

Certified Public Accountant – $63,550 per year

Tax Auditor -$63,550 per year

 

Doctorate Degree

  • prerequisite – master’s degree

 

A gruelling degree programme that takes hard work, perseverance and seven years to complete. It is ultimately research-based and will potentially deepen one’s knowledge in accounting and the market, such that one becomes an authority in that particular field. For the hard work, it yields brilliant prospects in the fields of academia and business. Graduates typically hold top roles with yearly figures averaging at the six-figure mark.

Future Job prospects

Executive roles – $101,650 per year

Financial Manager – $109,740 per year

 

Thus concludes a brief summary of the available programs, I hope you are better endowed to make an informed choice and to pick an online accounting degree that is most suitable for your career needs.

* All figures stated are median yearly salaries from the U.S. Bureau of Labor Statistics

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