Online Financial Degrees

The financial industry has become such a large part of our economy, comprising over 7% of U.S. GDP.1 Still, without the right academic credentials, just getting a foot in the door can be difficult, much less moving up the corporate ladder. And the higher-paying jobs are extremely competitive. There’s certainly no shortage of schools, degrees, designations or certificates out there. Maybe you’ve considered going back to school for a Master’s degree in Finance or Accounting but don’t know where to begin. You’re also concerned about sacrificing money and time on a degree that didn’t advance your career, which was the whole point in the first place.

Don’t worry. We give an insider’s perspective on the popular designations and degrees in finance and accounting, how they translate into landing a job, and answer the questions people are wondering about. What’s the difference between an online MBA in Finance and an online Masters in Finance degree? Should you get an online Master’s in Accountancy or just earn the CPA? Which is the better option for a job in finance, the CFA or MBA? When might a Certificate be better than a degree? And of course, “will my diploma read ‘Online Master’s Degree”?

Online Finance Masters Degrees

Not all online Finance Master’s degrees are created equal. You have to assess programs as an investment in your career, factoring in similar variables you’ll learn about in some MBA courses-sunk costs, return on investment and opportunity costs. Some schools allow you to finish their programs quickly through more liberal credit transfer policies, online offerings and accelerated paths. While a school’s brand recognition is an important factor, it shouldn’t preclude you from looking at some innovative Masters programs based on today’s most popular careers.

Additionally, many online Master’s programs are affiliated with professional associations and societies. These affiliations and partnerships help ensure that the curriculum is practical, up to date and taught by someone with industry experience. Also, they may be an invaluable resource when trying for an internship or getting help with a Capstone project.

For More Information on Online Master’s Degrees in Finance

Online Accounting Masters Degrees

Sometimes a Master’s degree is essential when pursuing certain careers in finance. These typically include economics, investment banking and accounting. Depending on your state, a Masters in Accountancy degree might count towards the educational requirements for an accountant’s license or for the Certified Public Accountant designation. If you’re looking to get into a more specialized field in accounting, like forensic accounting, it could be very advantageous to earn a Master’s degree.

Seeing the growing trend in designations, Masters programs are increasingly preparing students for professional designations through partnerships with their governing bodies. In accounting, some Accounting Masters programs help students prepare for the CPA exam. Other accounting programs partner with the Association of Certified Fraud Examiners which is invaluable if you’re interested in becoming a CFE or when pursuing an online MBA in Fraud Management. If you’re interested in a certain designation, it may be of interest to earn both the Master’s degree and the designation, making you even more marketable. There are also Certificate programs in Financial Crime if you want to begin, or transition into, a career as an investigator.

For More Information on Online Master’s Degrees in Accounting

Our writers have earned various types of degrees, designations and licenses (including MBA’s, CFA’s, Series 7, etc) and also have experience working in finance on both the buy-side and sell-side. Our mission is to be a resource for professionals seeking information about a career in finance or accounting. Feel free to contact us with any suggestions or questions you may have.

1http://selectusa.commerce.gov/industry-snapshots/financial-services-industry-united-states