If you're considering earning a master's degree in accounting, you may be wondering what jobs you can apply for after graduation. With an accounting master's, you may unlock specialized career opportunities with higher salaries.
This guide explores common jobs that require applicants to have a master's in accounting. Discover typical accounting salaries and learn what advanced certifications you can earn to become a senior accounting professional.
What jobs can you get with an online master's in accounting?
According to the Bureau of Labor Statistics (BLS), there is a demand for accountants and auditors. The Bureau projects 130,800 annual job openings for these professionals from 2023 to 2033.
As technological changes automate more tasks, advisory and analytical skills may become more important for accountants. Individuals who develop critical thinking, problem-solving, auditing, compliance, leadership, and investigative skills may stand out from other candidates.
Enrolling in an online master's in accounting program can prepare you to develop these skills and open doors to new career paths. Below, see a few of the jobs you can pursue with a master's in accounting, with salary data from the BLS and Robert Half.
Accountant
Accountants analyze and report financial data and give financial advice to individuals, businesses, and organizations.
Median annual salary (2023): $79,880
Corporate controller
Corporate controllers direct daily accounting operations, including budget management, financial reporting, compliance, operations improvement, and performance metrics monitoring. They work closely with executive teams and external auditors.
Median annual salary (2024): $160,250
Financial analyst
Financial analysts examine market trends, data, and investment opportunities to recommend informed financial decisions.
Median annual salary (2024):$89,750
Forensic accountant
Forensic accountants detect fraud and investigate financial misconduct and disputes by analyzing financial data, conducting audits, and offering expert testimony in court.
Median annual salary (2024): $103,750
Auditor
Auditors examine an organization's financial practices, internal controls, and regulatory compliance to identify weaknesses, reduce risks, and improve efficiency.
Median annual salary (2024): $79,880
Where can you work with a master's in accounting?
Earning a master's degree in accounting can boost your expertise in crucial areas like auditing, taxation, cost accounting, and financial management.
This degree could lead to specialized opportunities in the following settings and industries:
Workplace setting | Job opportunities |
|---|
Corporate | - Accounting controller
- Chief financial officer
- Financial data analyst
|
Government | - Budget analyst
- Forensic accountant
- Internal auditor
|
Public Accounting | - Certified public accountant (CPA)
- Tax specialist
- Financial advisor
|
Nonprofit | - Senior auditor
- Financial manager
- Grant specialist
|
Opportunities for advancement with a master's in accounting
Individuals with a master's degree in accounting can pursue professional certificates and certifications to advance their career goals.
Earning certifications like CPA, certified management accountant (CMA), and certified internal auditor (CIA) could lead to higher-paying jobs.
Earning a doctorate in accounting offers opportunities for academic, research, and high-level consulting roles.
Frequently asked questions about what you can do with a master's in accounting
What degree is best for accounting?
The best accounting degree varies based on an individual's career goals. Entry-level professionals typically possess a bachelor's in accounting, while those in higher-level roles may have built deeper knowledge by earning a master's degree. Pursuing CPA, CMA, or CIA certifications can lead to senior roles and higher salaries.
Can accountants work remotely?
Accountants who work on financial analysis, tax preparation, and bookkeeping may be eligible to work from home. Some professionals, like those in auditing and forensic accounting, may need to work on site. Accountants can also choose remote freelance opportunities.
What is the highest-paying job with a master's in accounting?
According to the Robert Half 2024 Salary Guide, the highest-paying accounting job that may require a master's degree is chief financial officer. These professionals earned a median annual salary of $265,000 in 2024. Other high-paying accounting jobs include corporate controller ($160,250), financial project manager ($134,750), and forensic accountant ($103,750). The higher wages that a graduate degree can unlock make a master's in accounting worth it for many professionals.
How do you become a CPA?
To become an accountant with a CPA credential, you must hold a bachelor's degree, meet exam requirements, pass a national exam, and fulfill licensing requirements set by your state's Board of Accountancy. Completing at least 150 credits of postsecondary education is necessary to sit for the CPA exam — many aspiring CPAs earn a master's degree after securing a bachelor's to help meet this requirement.
