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Accounting roles are in high demand, creating great opportunities for MSA graduates and those looking to pursue the degree to further their careers. 

If you are passionate about the accounting field and think a Master of Science in Accounting degree will put you on the career path you have been seeking, read on. MSA programs are thriving, and they are producing talented, skilled professionals who are doing the same.

Increased Demand

Recent data compiled by the , or GMAC, has shown that Master of Science in Accounting programs across the country are growing in popularity, with 72% of programs having seen growth in their number of applications for 2024.

Previous years saw growth rates of 51% (2020), 30% (2021), 34% (2022), and 43% (2023). While all of these boosts are impressive in their own right, the current 72% figure truly illustrates just how viable the career field is becoming.  the upward trend in MSA graduate hiring, seeing a year-over-year boost in organizations bringing on skilled accountants who have completed MSA programs.

These facts are further supported by the , which reports that the accounting field is expected to grow faster than average and that approximately 131,000 openings can be expected in the field each year from 2023 to 2033, aided in part by an influx of retirees in the field.

When you put all this together, alongside the median annual wage of approximately $81,000 accountants and auditors can expect in their roles (nearly $20,000 higher than ), it is no surprise that the accounting field is such an attractive option for students.

Diverse Employment Opportunities

One of the best aspects about majoring in accounting is that the greater accounting field intersects nearly every other major industry. This affords graduates the ability to work in virtually any sector, giving them varied employment prospects, many ways to seek advancement, and plenty of opportunities for pursuing their passions.

Some of the accounting employment opportunities current and future graduates can consider include working for:

• Public and private companies
• Financial organizations
• Government agencies
• Tech companies
• Healthcare organizations
• Higher education institutions

Best yet, MSA graduates can leverage their diverse backgrounds to their advantage. For instance, some students achieved bachelor’s degrees in subjects quite different than accounting, or they double majored, or they have obtained another graduate degree or some other form of certification. In these cases, students can use their previous experience and education to enhance their prospects and increase their chances of being hired. Whatever your background, it can be put to use in a relevant field, giving you a leg up on other applicants.

Emerging Tech

AI is impacting a wide range of careers, and the accounting field is no exception. With AI’s abilities to make calculations and provide baseline recommendations for queries, it can take over some elements of accounting roles, freeing up individuals to focus on other tasks. Some of the notable impacts it has had have included:

• Automating many compliance-based tasks, along with mundane, repetitive work
• Giving accountants more time to use their expertise to interpret information and advise clients on the best courses of action
• Allowing accountants to take on more clients and complete work at a more accelerated pace

Why žžÀ² State Is Your Destination for an MSA

At žžÀ², our Master of Science in Accounting provides students with a range of benefits, including:

• Opening doors to careers in accountancy, auditing, taxation, investment banking, consulting, fraud investigation, and much more
• Preparation for relevant professional certifications like the CPA, CMA, CISA, CFE, and CIA
• Full-time and part-time program options, with an online course structure that allows students to go at their own pace and learn from anywhere in the world
• A cutting-edge curriculum featuring core courses and insightful electives that will help prepare you for a thriving career
• Diverse resources, such as merit-based scholarships, career coaching, and graduate assistantships

Start Your Online MSA at žžÀ² State

Ready to advance your career with an MSA? žžÀ² State’s program can give you the knowledge and skills you need to succeed. Apply today or be sure to contact our team if you have any questions. We are ready to help!