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Kamaldeep
22 July, 2024
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If you are interested in accounting or would like to advance your accounting skills or knowledge, going for an online MBA in Accounting is a beneficial option. The MBA degree will widen your career opportunities and prepare you for higher management posts. Although, there are other postgraduate courses for accounting, an MBA will also cover business and management modules apart from niche subjects. Having a restricted knowledge base of the niche is not sufficient in today’s business dynamics. To accede to upper management and leadership roles, a strong understanding of every business vertical is a must. For this, an online MBA in Accounting or a related domain is a fine choice.
In this blog, let’s dive into the details of the online MBA in Accounting programme.
Related: MBA in Accounting Management: Comprehensive Guide
Online MBA in Accounting is an advanced postgraduate degree delivered in an online learning format. It provides a combination of finance, leadership and general management topics. Owing to this, in most of the universities you will find a combination of finance and accounting or simply finance. But the standard curriculum is the same which includes foundational courses in finance and accounting, electives, specialisations courses, and a project.
When applying for an online MBA in Accounting it is essential to consider factors like cost, curriculum, course recognition, examination mode and career assistance. Here is a basic overview of the course:
| Course Level | Postgraduate degree |
| Course Duration | Minimum 2 year |
| Programme Fee | INR 1,00,000 to 5,00,000 * |
| Eligibility | A bachelor’s degree from a recognised university in any stream. |
| Average Salary for Online MBA in Accounting | INR 7 to 11 LPA* (depends on previous experience and current skill set). |
Related: Distance MBA Financial Management
Candidates are often in dilemma of choosing between a master’s programme or an MBA course in accounting. An MBA curriculum will provide you with broader knowledge and, thus more career opportunities. So why pursue an online MBA in Accounting?
Flexibility and Convenience: The online learning format is suitable for working executives and candidates with other limitations who are unable to pursue a regular offline course. You can attend live lectures and recorded lessons from anywhere without having to quit your job.
Affordable Choice: Yes, an online MBA in Accounting is an affordable choice compared to its offline counterpart. The tuition fee is less plus there are no miscellaneous expenses like traveling or relocation.
Higher Chance of Getting A Higher Position: As the MBA course offers you business and management training along with your chosen specialisation, you are more likely to seize a higher management position. Most employers prefer candidates with MBA degree over others.
Efficient Way to Prepare for the CPA Exam: If you are preparing for the Certified Public Accountant exam, an online MBA in Accounting is an appropriate way to prepare for the exam. Apart from the subjects you will study, the flexibility of the programme lets you cater to other things.
You must be aware that eligibility criteria and selection process are different in every college/university. Although the criteria for online MBA courses are not complicated compared to the regular courses, there is a checklist that you must fulfil.
Complete your bachelor’s degree with a minimum of 50% marks (marks requirement may vary)
Work experience is not mandatory but may be preferred by some institutions
Students and professionals from similar backgrounds are often preferred
As the syllabus may differ in every college, here is a general outlook of the curriculum you will study for an online MBA in Accounting.
| Semester 1 | Semester 2 |
| Organisational Behaviour | Marketing Management |
| Managerial Economics | Materials and Logistics Management |
| Practices of Management | Human Resource Management |
| Legal Aspects of Business | Research Methodology |
| Information Technology | Financial Management |
| Statistical and Quantitative Methods | Manufacturing and Operations Management |
| Cost Accounting | Management Information Systems |
| Semester 3 | Semester 4 |
| Business Policy and Strategic Movement | Entrepreneurship Development and Project Management |
| Management Control Systems | Current Trends in Management |
| Financial Modelling | International Business Management |
| Risk Management | Taxation |
| Business Strategy | Auditing |
| Project Work |
As most institutions offer an MBA in finance or a combination of accounting and finance, here is a list of colleges offering online MBA in related domains.
| Institution Name | Fee Structure | Course Name |
| Parul University | INR 1,50,000 (programme fee) (INR 90,000 – limited period offer) |
MBA in Forensic Accounting and Corporate Fraud Investigation |
| Chitkara University | INR 3,00,000 (programme fee) | MBA in International Finance & Accounting (With ACCA) |
| Chandigarh University | INR 2,00,000 (programme fee) | MBA in Finance |
| Online Manipal | INR 2,80,000 (programme fee) | MBA in Finance |
| Dr. D.Y. Patil Vidyapeeth | INR 1,69,200 (programme fee) | MBA in Finance Management |
| Jain Online | INR 40,000 (per semester) INR 65,000 (per semester) INR 1,30,500 (programme fee) |
MBA in Finance MBA in International Finance (With ACCA, UK) MBA in Strategic Finance (Accredited by CPA, US + CMA, US) |
| Amity Online | INR 1,95,000 (programme fee) | MBA in Finance and Accounting Management |
*Please note that the fee structure is subject to change at the discretion of the university.
Finance and accounting roles are not restricted to any particular industry or company, they are needed everywhere. So worrying about scope and security is not for accounts professionals. Companies are always in need of auditing, taxation, and financial management professionals. That is why, accounting is a widely chosen MBA specialisation in India and abroad. Now let’s find some job roles that you can pitch for after completing an online MBA in Accounting.
| Job Roles | Average Salary |
| Financial Analyst | INR 6 LPA |
| Senior Financial Advisor | INR 7.4 LPA |
| Accounts Manager | INR 8.8 LPA |
| Management Consultant | INR 26.9 LPA |
| Investment Banker | INR 16.7 LPA |
| Investor Relations Manager | INR 11 LPA |
| Public Accountant | INR 6 LPA |
| Tax Consultant | INR 7.3 LPA |
| Chief Accounting Officer | INR 6.8 LPA |
Related: Career opportunities after MBA in Finance
Listed below are a few multinational companies which hire MBA graduates:
EY
KPMG
ICICI Bank
Wipro
PwC
Amazon
Deloitte
Infosys
Muthoot FinCorp
Genpact
Going for an online MBA in Accounting is a smart decision for those of you who are passionate about this field of study and are looking for long-term growth. Keep one thing in mind, the decision should be based on your academic and professional background while analysing every parameter of the course.
Have an impactful MBA journey!
Q1. Is an MBA in Accounting worth it?
An MBA in Accounting is worth it if you have a career goal in mind and are not simply following others. Therefore, an MBA if done at a well-accredited college has many benefits.
Q2. Is online MBA recognised?
UGC-DEB has approved many colleges and universities in India to offer online MBA programmes. If your chosen college has mandatory recognition then your online MBA degree is recognised.
Q3. Is accoutning hard in MBA?
If you have studied quantitative analysis, finance, or accounts earlier, it won’t be hard and you can do well.
Q4. What is the salary of an MBA in India per month?
According to various job portals, the salary of an MBA with no industry experience can range between INR 5 to 10 LPA. Please note that it varies significantly as per the location, company, experience, and candidate’s skill set.
Q5. Which MBA has the highest salary?
Finance and accounting, business analytics, and data science are among the highest-paying MBA specialisations currently.
