The role of the Accounting Manager is an important one. She is responsible for developing and implementing systems the organization will use to gather, analyze, verify, and ultimately report its financial information. The role not only involves oversight of a company’s personnel, it also means coordinating with and sometimes reporting to other mid and upper-level business managers. The day-to-day tasks of an Accounting Manager usually involve the posting of general ledger accounts, payroll transactions, and financial adjustments, creating financial analysis statements which include rolling balance sheets, budgets, and variance analysis, working with a staff to develop and implement budget/accounting policies and procedures, managing the accounting department, and assisting auditors.
With so many responsibilities an Accounting Manager oversees, it is a fair question to ask just what salary expectation there is for the role. According to PayScale.com, “an Accounting Manager earns an average salary of $67,406 per year. For the first five to ten years in this position, pay increases sharply, but any additional experience does not have a big effect on pay.” While a salary range of over $46,000 to nearly $98,000 seems like a large swing, there are many circumstances that come into play when determining what a business professional can expect as a salary when pursuing a career as an Accounting Manager. Education and size and age of a hiring organization are all large factors when determining salary.
In the arena of education, many employers are looking for Accounting Managers who not only have an undergraduate degree in accounting or economics, but who have also achieved a graduate business degree like a Master’s of Business Administration, which equips students for top-level accounting positions where competency in the financial realm and an ability to lead groups and make decisions is a factor. And because many of the best business schools in the nation offer MBA programs as a 100% online experience, working professionals do not have to disrupt their active business schedule with coursework completed during the evenings and over weekends.
One of the nation’s best Accounting online Master’s of Business Administration programs is offered at Bellevue University’s College of Business in Bellevue, Nebraska. Priced at just $545 per credit hour, this 36-credit hour online MBA in Accounting program features a total tuition rate of $19,620. Coupling this affordable tuition with a report by some students of the business school revealing an average early career salary of $52,200 after graduating shows a healthy return on the investment of education. Coursework within this Accounting program includes courses like Advanced Accounting Problems, Accounting Theory, International Accounting, Taxation of Business Entities, Advanced Auditing, and Accounting for Governmental and Non-Profit Entities.
Another 100% online MBA featuring an Accounting specialization can be found at the College of Business at Wilmington University. This 36-credit hour program features Accounting-intensive electives like Financial Accounting Theory, Policy, and Research, Advanced Managerial Accounting, Issues in Auditing and Assurance Services, Fraud Prevention and Forensic Accounting, Federal Taxation, Policy, and Research, and International Accounting and Taxation. Priced at $466 per credit hour, the total tuition rate for this degree is an accessible $16,776. An average early career salary of nearly $60,000 has been reported by some graduates of the College of Business revealing a strong return on the investment of education.