Job growth in the accounting field is driven largely by the health of the US economy. As the economy continues to grow, the demand for accounting jobs is projected to increase as well. According to the Bureau of Labor Statistics, by 2022, the US will see a 13% increase in accounting jobs (the average growth rate of jobs as a whole is predicted to be around 11%). Across the industry as a whole, accountants and auditors had a median salary of $63,550 in 2012, significantly higher than the national average. The lowest 10% earned slightly less than $39,930 per year, while the highest 10% earned at least $111,510.
As is the case with most employers, candidates with master’s degrees tend to have improved job prospects compared to those who only hold bachelor’s. In addition, many larger accounting firms require candidates to have completed 150 course credits / credit hours, which is more than the standard 120 earned as an undergrad. Thus, pursuing higher education options is a great way to jumpstart your professional career in the accounting field.
UMass Lowell's Master of Science in Accounting (MSA) degree, offered by the Robert J. Manning School of Business through the Division of Online and Continuing Education, provides an economically affordable opportunity for students to prepare for higher-level accounting positions in corporate, government, or nonprofit business environments. This 30 credit, graduate-level program is offered entirely online and offers students the opportunity for in-depth study on topics such as Globalization, Governmental and Nonprofit Accounting, Forensic Accounting, Corporate Finance and Advanced Auditing.
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