Online MBA In Accounting & Finance: Complete 2024 Guide

Are you considering a career in both finance and accounting in 2024? Does financial accounting interest you the most? You should go for online MBA courses in accounting and finance. It is a dual degree specialisation that will teach you about many financial and accounting aspects. Getting a complete understanding of financial accounting subjects with an online MBA with a dual focus in accounting and finance for leadership positions across a range of businesses. This specialised curriculum offers you a flexible and comprehensive educational experience by combining strategic accounting techniques, advanced financial analysis, and fundamental business management abilities.

This dual specialisation can give you the skills and certifications you require to succeed in the competitive field of business, whether your goal is to advance your career or expand your knowledge base. Read the blog further to know more about overview, eligibility, scope and online MBA in colleges of financial accounting.

Introduction To Finance & Accounting

Finance and accounting are subjects used by every company in every sector. In India, every company that needs growth deals with finance and accounting. If you have a deep understanding of finance then you can make strategic decisions that will profit you in the long run. Online MBA in finance and accounting offers an introduction to corporate finance and accounting. It focuses on how these concepts are applied to a wide range of everyday situations, including financial intermediation, corporate decision-making, personal finance, and how managerial incentives and accounting standards influence financial reporting.

Overview of Online MBA In Accounting & Finance

The online MBA in accounting and finance is 2 years. It is a postgraduate programme. Some of the subjects covered in this specialisation are financial reporting, investment analysis, corporate finance, accounting, and financial management. As this course is offered online you can attend the classes at your own pace. If you are a working professional who wants to improve their knowledge and abilities in accounting and finance management without having to quit your current position this is the best course for you.

Also Read: Your Guide to an Online MBA in Finance: 2024 Edition

Benefits of Online MBA In Accounting & Finance

Check out the benefits of an online MBA in accounting and finance.

• Better occupation Prospects: Your dual experience in accounting and finance will help you advance in your profession and qualify for positions at the top, such as corporate controller, financial manager, and CFO.

• Comprehensive Skill Set: Acquire a thorough understanding of both finance and accounting disciplines so that you may effectively manage accounting procedures and make well-informed financial judgments.

• Flexibility: With the help of online learning you will manage your studies with personal and professional obligations without having to move or quit your existing position.

• Networking Opportunities: You can make connections with colleagues, instructors, and global industry leaders to broaden your career network and unlock new doors.

• Practical Learning: You can gain knowledge with case studies and learning real-world projects to make sure you’re ready to take on challenging accounting and finance problems in your career.

• Leadership Development: Develop the strategic management and strong leadership abilities necessary for top positions in any kind of business.

• Global Perspective: Learn about worldwide finance and accounting procedures to better equip yourself to operate in a variety of international and multicultural corporate settings.

• Increased Earning Potential: Having a dual online MBA in accounting and finance can greatly increase your earning potential and increase your marketability as a job applicant.

• Ongoing Assistance: Take advantage of continuing access to educational materials, career counselling, and alumni associations that can help you advance your career long after you graduate.

• Accreditation and Reputation: Numerous dual online MBA programmes are provided by respectable universities, guaranteeing that employers all over the globe will acknowledge and value your degree.

Scope of Online MBA In Accounting & Finance

Since the MBA is one of the most demanding programmes after graduation globally, its scope has expanded beyond what was previously thought possible. Due to its broad reach and better chances, this degree is becoming more and more popular. Every course related to finance, including those in accounting, marketing, operational management, and finance, is included in this curriculum. In addition to these courses, this curriculum teaches certain useful skills like decision-making, analysis, and enhanced communication and leadership abilities.

Who Should Do an Online MBA In Accounting & Finance?

• Aspiring Financial Leaders: If you aim to take on senior roles such as CFO, Financial Manager, or Corporate Controller, this dual specialisation will equip you with the necessary skills and knowledge.

• Accounting Professionals: If you have a background in accounting and want to deepen your expertise while gaining a strong foundation in finance, this programme is an excellent fit for you.

• Finance Experts: If you are already working in finance and wish to broaden your understanding of accounting principles and practices, this dual specialisation can enhance your versatility and career prospects.

• Career Changers: If you are looking to transition into the fields of accounting or finance, an MBA with this dual specialisation provides a comprehensive education to help you make a successful switch.

• Owners and Entrepreneurs: Having a strong foundation in both accounting and finance can help you better oversee the financial well-being of your company, whether you currently operate one or intend to start one.

• Recent Graduates: This programme will help you develop your career with advanced knowledge and qualifications if you recently completed your undergraduate degree in business, finance, accounting, or a similar profession.

• Professionals in the Workforce: The flexibility of an online MBA programme enables professionals seeking career progression without taking time away from their existing jobs to pursue their studies.

• Consultants: This dual expertise can improve your consulting skills and increase your value to clients if you operate as a business or financial consultant.

College Offering Online MBA In Accounting & Finance

Amity University is one of the best universities in India. If offers online MBA finance accounting specialisations. The course duration is 2 years which includes 4 semesters. Check out the accreditations and recognitions of Amity University for further credibility.

• NIRF Ranking 22 (overall)

• India’s only Online MBA ranked by QS: Global Top 50 & Asia Pacific Top 10

• First university in India to receive UGC approval for Online Degrees and Learning Platform

• AICTE Approved

• Accredited by NAAC with ‘A+’ Grade

Eligibility: Fresh graduates, final-year students or working professionals.

Also Read: Top 10 Online MBA Colleges in India

Eligibility & Duration

The eligibility criteria for an online MBA in accounting and finance depends upon different colleges however in general you should be a graduate of a recognised college in any stream. The course duration is 2 years.

Online MBA In Accounting & Finance: Course Structure

There are 4 semesters in this online MBA specialisation. Check out the list of subjects included in all semesters.

Top 10  Job Opportunities in Online MBA In Accounting & Finance

Check out the list of top career opportunities offered in the dual specialisation of online MBA financial accounting.

1. Chief Financial Officer (CFO): To promote growth and profitability, a CFO is responsible for managing the financial operations of a company. To maintain the company’s financial stability and regulatory compliance, you will oversee financial planning, risk management, and financial reporting.

2. Accountant: You will oversee financial operations in this position, such as forecasting, analysis, and budgeting. Creating financial strategies, examining market trends, and offering insights to back company choices will enable you to allocate resources effectively and maintain financial stability.

3. Controller of Corporate Affairs: You will guarantee accurate financial reporting and adherence to rules and standards of accounting as a corporate controller. To ensure the accuracy of financial data, you will supervise the accounting division, administer internal controls, and plan audits.

4. Financial Advisor: You will offer advice on acquisitions and mergers and help businesses raise finance. To assist clients in reaching their financial objectives, your job includes performing financial studies, creating pitch books, and managing negotiations.

5. Financial Analyst: You will evaluate financial data as a financial analyst to assist companies in making wise investment decisions. You will create financial models, assess financial performance, and offer suggestions for raising efficiency and profitability.

6. Tax Manager: In this role, you will be in charge of an organisation’s tax planning and compliance initiatives. Creating tax plans, making sure tax rules are followed, and minimising tax obligations will all help the business perform financially.
7. Internal Examiner: You will evaluate the efficacy of risk management, governance procedures, and internal controls as an internal auditor. You’ll carry out audits, pinpoint problem areas, and offer suggestions to boost compliance and operational effectiveness.
8. Management Consultant: In this position, you will provide firms with operational and financial solutions for enhancing performance. You’ll examine company procedures, spot inefficiencies, and create plans of action to maximise operational and financial results.
9. Financial Analyst: In your role as a budget analyst, you will create and oversee budgets, examine financial information, and make sure that spending is in line with company objectives. You’ll offer an analysis of the budget’s performance and suggest changes to meet budgetary goals.
10. Financial Planner: You will assist people and organisations in creating financial plans to meet their long-term objectives in this capacity. You will evaluate your clients’ financial status, create investment plans, and offer guidance on risk management, retirement planning, and estate preparation.

Salary Range Offered in Online MBA In Accounting & Finance

The salary ranges offered in various roles in online MBA in accounting and finance are stated below. The salary range varies according to the expertise and level of experience.

Source: Glassdoor

Conclusion

If you pursue an online MBA in accounting and finance your chances of getting employment increase. You will get to know about both accounting and finance subjects. This specialisation combines business accounting techniques, complex financial analysis, and company management fundamentals. With the help of online learning, you can even balance your studies without quitting professional responsibilities. So, take the enrollment and start your financial accounting journey.

FAQs

Q1. Can I do an MBA in finance and accounting?

Yes, a career in finance and accounting is truly rewarding. Various colleges in India offer dual specialisation in finance and accounting.

Q2. Which university is the best for an online MBA in Finance?

In India, many universities provide online MBAs in finance. Some of the renowned universities are Amity University, BITS Pilani, Chandigarh University and LPU.

Q3. Can I do an MBA in Finance online?

Yes, you can pursue an MBA in finance online from various universities in India. With the help of an online MBA, you can make personal commitments and balance your professional and personal responsibilities.

Q4. Is an MBA in accounting worth it?

Yes, you can greatly improve your career prospects with an MBA in Accounting. This degree offers advanced knowledge and abilities that are highly significant in the management marketplace.

Q5. Which MBA has the highest salary?

MBA graduates frequently win top executive positions, and these programmes typically offer the highest possible salaries. Examples of these programmes include finance, strategy, and entrepreneurship.