Simply put, a career as an Accounting Manager is the next logical step for those with an accounting background desiring to develop as a manager within an organization. An Accounting Manager can demand a salary within the range of nearly $48,000 to over $102,000, with a median amount of just over $68,000 reported. While Accounting Managers oversee much of the financial reporting within an organization, he or she must have a good working knowledge of the large and small-scale financial systems in place. As a member of middle management, an accounting manager must also be a team player among other department heads with a proficiency in communication and. Accounting Managers must prove a competency at reporting budget realties and be able to take action steps when budget problems occur.
While many Accounting Managers may remain employed by an organization within the same role for the duration of their career, some will use the experience and education they have acquired and seek a promotion in another role. One typical position an Accounting Manager can progress to is the role of Financial Controller or Comptroller. A Comptroller’s responsibilities include managing the entirety of an organizations financial departments including, accounting, audit, and budget. This role carries with it a higher median salary of over $80,000. From this level, some professionals will go onto seek even higher positions as Vice President of Finance, Finance Director, Corporate Controller, and perhaps Chief Financial Officer.
Many Accounting Managers will seek the benefits a Master’s of Business Administration will bring to shape not only their accounting and financial knowledge, but their leadership and decision-making skills as well. The best type of MBA a working professional can pursue would be one offered as an online experience which affords the student the opportunity to remain in the workforce while achieving a graduate’s degree.
Saint Leo University’s School of Business features a 100% online Master’s of Business Administration with an emphasis in Accounting. Being offered at an accelerated pace, all requirements for this program can be completed in as few as 12 months by students taking two courses each eight-week term. Featuring a total tuition rate of $25,920, this degree is divided between 18 hours of business core courses and 18 hours of Accounting-intensive courses including Fund Accounting for Governmental and Not-for-Profit Accounting, Fraud Examination, Advanced Cost Accounting, Business Law and the Accountant, Using Financial Accounting Information, and Accounting Theory. Revealing a strong return on investment, some students of the School of Business have reported an average early career salary of $52,100.
Students interested in a business school which does not require a GMAT score for acceptance will want to look into Maryville University’s online Master’s of Business Administration with a concentration in Accounting offered at the John E. Simon School of Business. This 36-credit hour program is priced at just over $25,000 and features Accounting-specific electives like Tax Planning and Decision Making, Strategic Accounting Issues, Financial Statement Analysis, and Forensic Accounting. Besides the GMAT waiver, the John E. Simon School of Business requires no application fee or previous business experience in order to be accepted into this program.