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Kamaldeep
20 January, 2025
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The demand for accounting and finance professionals in India is projected to grow by 10% by 2026. You can get a management degree to achieve career success. The MBA course is in demand worldwide with enticing opportunities at each step. There are various growing startups, multinational companies, and stringent regulatory requirements. Master’s in Business Administration has different specialisations for learners with theoretical and practical knowledge blended into the curriculum.
MBA in Accounting is a course you definitely choose to pursue. After all, understanding the basics, functioning and flow of money is always interesting to learn about. Keeping a systematic track record of finances within an organisation is what accounting is most capable of. After completing an MBA in account management you get job roles such as financial analysts, auditors, tax consultants, and management accountants. Let’s explore more about the MBA in account management such as its eligibility, colleges and fees.
An MBA in Accounting Management not only sharpens your financial acumen but also equips you to decode complex global tax systems and corporate finances. 🌍💼 Did you know? Graduates often become top choices for CFO roles, thanks to their ability to balance the books and drive strategic business decisions! 📈📚
An MBA in Accounting is a two-year postgraduate programme that imparts specific knowledge of accounting and related fields. Unlike General MBAs, an MBA in Accounting is rather specialised and takes a deep dive into understanding the complexities of the subject, and its correlation with other sectors of Finance, Human Resources, Management, Taxation, Marketing, etc.
Since it is a more focused degree on accounting, the relative curriculum and subjects are also adhered to impart the related managerial level accounting skills and knowledge.
| Category | Details |
| Course Name | MBA |
| Specialisation | Accounting |
| Course Type | Master’s Programme |
| Mode | Full-Time, Part-Time, Distance, Online |
| Eligibility | Graduate in any field with a minimum of 50% marks in aggregate from a recognised university |
| Duration | 2 Years |
| Average Salary Offered | INR 6-20 LPA |
| Colleges | Chandigarh University, Jain Online, Online Manipal |
| Average Fees | INR 1,50,000 – 1,96,000 |
| Employment Roles | Auditor, Accounting Manager, Finance Supervisor, Corporate Accountant |
| Average Salary Range | INR 6 LPA – 25 LPA |
An MBA in Accounting introduces to students the various concepts and principles of managerial accounting. Finance is the underlying theme in every business and organisation. Managing those finances, looking into monetary issues, etc. all comes under accounting. Specialisation in accounting will mean that you may not only learn about the subject specifically, but you will also understand the themes of auditing, finance, management, accountancy, in corporate or private or public sectors, the underlining rules of tax management, etc.
As already mentioned, an MBA degree in Accounting may push you into a world where you may learn the basics and the complexities of the accounting world. Furthermore, you will receive endless possibilities and opportunities that you will come across once you start walking on the lines of accounting.
Here are some of the benefits of completing an MBA in accounting.
An MBA in Accounting, being a professional degree, as already discussed will teach you the basics of accounting and later on to the complexities of it. You will be able to build the foundation of knowledge in this discipline and use it to get the best of professional experience since accounting is an essential part of every running business. This means that there is no end to professional opportunities for you.
While most of the world functions from getting a salary month to month, you will understand how that flow of finances happens in the real world. You will know the real power of money, the power that comes from its management; such monetary concepts that most of the population is indifferent to. Cherry on the top; you will also know how to handle your own finances better.
An MBA in Accounting is like a road with endless opportunities for learning and successful ventures. You will get to be part of the elite business world which deals in economics, finances, strategic planning, marketing, etc. You will be a well-rounded person who will find yourself as a professional in a business environment running globally and connected to other accounting managers.
You can go for an MBA in Accounting if you are:
| Semester 1 | Semester 2 |
|---|---|
| Micro Economics | Financial Modelling |
| Corporate Social Responsibility | Supply Chain Management |
| Principles of Accounting | Business Intelligence |
| Principles of Marketing Management | Strategic Management |
| Tools and Frameworks for Decision-Making | Managerial Economics |
| Quantitative Methods and Statistics | Marketing Research |
| Business Communication and Soft Skills | Corporate Governance and Business Ethics |
| Organisation Behaviour-1 | Corporate Finance-2 |
| Semester 3 | Semester 4 |
|---|---|
| Macro Economics | Internship Projects |
| Business Law | Project Submissions |
| Operations Management | Organisation Behaviour-2 |
| Corporate Management | Marketing Management |
| Optimization and Project Research | Project Management |
| Placement Training |
Most of the universities require the following general eligibility criteria which may vary as well:
Candidates may also further need to appear for a personal interview / group discussion / micro-presentation as the last step before getting admitted into the institution.
An MBA with a specialisation in Accounting programme means that there are chances of endless rewards and professional opportunities. It might depend upon some factors such as internship, mode of study, location and any prior experience. The average salary after the degree ranges from INR 6,00,000 to INR 20,00,000 LPA on average. You can upskill your career and get senior roles and salary hikes.
Just like the General MBA programme, you can pursue an MBA with a specialisation in Accounting via regular, distance, and online modes. You also have the option to pursue the course part-time. Here, we have discussed all the modes available to you in the MBA programme:
This is your normal regular degree where you will have to attend the college/institution every day. You will attend the classes, sit for the lectures, and appear for exams by being present in person.
A part-time MBA means that you do not have to commute to the institution each day; rather you can attend the university on evenings or during the weekends. Sometimes it is hectic for the learners but is also a good choice for professionals.
This mode of pursuing an MBA is flexible and also a lot more convenient for the learners. You are not required to attend the institution daily and rather can just go and take the exams.
For a professional or a student who is busy and not able to find the time to join a regular degree, online MBA is the best option. It is the most flexible and convenient mode of earning an MBA degree while studying at your own pace and convenience.
Finding the right college for your MBA in Accounting is very crucial to ensure that you can fulfil your career goals. To ensure that your college meets your ambitions, you must compare colleges based on the following criteria:
Here you can see a list of top colleges offering online MBAs in accounting management. In most of the colleges, the specialisation is not accounting but you can choose finance accounting management as an elective.
| Name of the College | Fee Structure |
|---|---|
| Chandigarh University | INR 1,58,000 (After early bird discount) |
| SSODL University | INR 1,50,000 |
| Jain University | INR 1,96,000 |
| Online Manipal | INR 1,75,000 |
| Name of the College | Fee |
|---|---|
| IIT Bombay | INR 6,57,450 |
| Presidency College | INR 2,00,000 |
| IBS&R | INR 6,00,000 |
| BML Munjal University | INR 14,60,000 |
Related: Top 10 Online MBA Degree Colleges in India- UPDATED!
| Job Role | Average Salary |
|---|---|
| Auditor | INR 5 LPA – 20 LPA |
| Accounting Manager | INR 6 LPA – 20 LPA |
| Financial Analyst | INR 7 LPA – 25 LPA |
| Corporate Accountant | INR 6 LPA – 21 LPA |
| Tax Accountant | INR 5 LPA – 18 LPA |
| Public Accountant | INR 7 LPA – 26 LPA |
| Bharat Sanchar Nigam Limited (BSNL) | Tata Consultancy Services Limited |
| Genpact | Tata Motors |
| Heavy Engineering Corporation Limited (HEC Ltd) | Wipro Technologies Ltd. |
| National Small Industries Corporation Limited (NSIC) | WNS Global Services |
Both the MBA in Accounting and the traditional Accounting degrees focus on various aspects of the financial world. However, a traditional Accounting degree is more specific and is right for those students who want to master the various facets of accounting. However, an MBA degree also focuses on the managerial and administrative aspects of running a business and thus helps individuals gain relevant leadership skills alongside financial acumen.
Yes, you can pursue an MBA in Accounting degree without a background in Finance or Accounting as the course is open to individuals from all fields.
After an MBA in Accounting, you can assume diverse roles such as Auditor, Accounting Manager, Financial Analyst, Corporate Accountant, Tax Accountant, Public Accountant, etc.
Yes, many universities offer an Online MBA in Accounting, you can refer to them in the above-mentioned article.
During the course, you will study subjects such as Financial Modelling, Supply Chain Management, Business Intelligence, Strategic Management, Managerial Economics, Marketing Research, Corporate Finance, etc.
In order to pursue an MBA in Accounting, you do not need to hold work experience and a CPA License. All you need is a Bachelor’s degree and a valid score in any management aptitude test like CAT, MAT, GMAT, GRE, XAT, CMAT, etc.
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