Statista reports that, while accounting-based jobs required $137 billion to cover payroll in 2013, that amount is expected to rise to $160 billion by the year 2018. This is due to the fact that there were 2.76 million accountants, auditors, and accountant-related administrative staff in 2013 and that number is projected to rise to 3.44 million by 2022.
Going back to school to get a master’s degree is not a quick or easy decision for most people. Not only is it costly to pursue a higher level of education, but it also means that you’re going to be spending a majority of your free time studying, completing assignments, and taking exams. This can be difficult if you’re working, taking care of a family, and tending to all of your other obligations.
And even after you make the decision to go back to school, you still have to figure out which program to choose. One of your options is a Master of Accounting (MAcc) degree, but how do you know if this is the right choice for you?
Some people call a degree the “key” to their future, but the reality is that it is more of a step and earning your Bachelor of Arts degree in Accounting is no different. Sure, it gives you the education you need to excel in the accounting profession of your choice; however, where you decide to ultimately take it once you graduate (how many steps you decide to climb) is all up to you.
All in all you have two general options. You can either work in the field with your bachelor’s degree or you can continue with your education and go for a Master of Accounting degree. Let’s look at each option now.
A large number of people have a love/hate relationship with money. They love it because it enables them to have what they want in life, even if what they want is simply to pay the bills, yet they also hate it because money sometimes has a tendency to be linked with negative attributes like greed, arrogance, and a number of other unbecoming traits.
However, money isn’t just something you can think about in the context of having or not having. There’s also dealing with money on a professional level, as a career.
Are you magnetized by numbers and compelled by scientifically proven formulas? Does the idea of working with spreadsheets and budgets make you grin from ear to ear? If so, a degree (and career) in accounting may be exactly what you need to make your life complete!
Fortunately, accounting is an industry that is growing by leaps and bounds. In fact, it is estimated that almost 200,000 new accounting jobs will arise by the year 2020. Before you decide that you want one of them, you may be wondering what an accounting major does.