Have you thought about going back to school for your master’s degree in accounting? Perhaps now doesn’t seem like the right time, or maybe the time committment and money involved scares you. But with online schooling, you can get your master’s degree around your own schedule, and with the career boost that you’ll get after graduation, the tuition can be well worth it. Check out these reasons that you might go back to school for your master’s in accounting to boost your career.
It can mean a pay rise
On average, individuals with an advanced degree get paid more than those without one. According to BLS.gov, someone with a master’s will earn an extra $200 per week on average than someone with a bachelor’s. That’s over $11,000 more per year, which in just a short time could go toward paying off any loans that you acquired while in school.
Adding a master’s degree in accounting to your résumé can do several things for you. First of all, it can convince your boss to give you a raise or even a promotion. The extra knowledge that you gain through your master’s program and the determination and committment that you show by going back to school could be what it takes to get that promotion. A master’s can also open doors to entirely new jobs with other companies that could mean higher pay.
It can add to your credibility
If you’re practising as an independent certified public accountant (CPA) or you run your own small accounting firm, having a master’s can add to your credibility and therefore make you seem more desirable to potential clients. If you decide to apply to a new job, it can also add to your credibility in the eyes of a potential employer, which can help you land your dream job.
But it’s not just having the master’s on your resume that can kill the competition and add to your credibility. With the additional knowledge that you’ll gain through a master’s program, you’ll acquire the necessary skills to perform better at your job, leaving more clients satisfied with your services.
If you don’t think that a master’s will put you ahead of the competition, consider this: Only 24 percent of people in the field continue on with a graduate degree. That would put you in quite a prestigious group.
It can open new doors
If you don’t want to work as a CPA forever, you don’t have to start all over with your schooling. Using your experience as an accountant while adding an advanced degree to your résumé can make you eligible for several new positions that you wouldn’t have otherwise. Just a few positions that you can break into with a master’s in accounting include auditors, government accountants, corporate financial managers, and more. A master’s is a good option if you’d like to work in a higher-level position for a large corporation.
Now that you’re equipped with these ideas, do you think you’ll go back to school to get your master’s?
This is a promotional post with an image from Ken Teegardin.