MBA Accounting: Admission, Fees Structure, Syllabus, Placement, Salary 2023

What is an MBA in Accounting?

A Master of Business Administration in Accounting is a postgraduate professional degree program. MBA programs that provide a specialty in accounting are not solely devoted to the subject matter, in contrast to master’s degree programs that lead to a terminal degree.

Instead, students will take advanced business classes to gain a number of diverse abilities, as well as focus courses that connect especially to ideas that apply to the subject of study. Read on to find out more about the Master of Business Administration in Accounting program if you are considering furthering your education.

Quick Questions:

Q. Is an MBA beneficial for a career in accounting?

Ans. Earning a Master of Business Administration with a concentration in accounting might result in greater pay and improved job stability in the accounting field. If an individual obtains a master’s of business administration or some other kind of extra education after the completion of a bachelor’s degree, the Labour Statistics Bureau reports that someone may anticipate greater job stability in their chosen sector, such as corporate accounting.

Q. Does accounting come up in the MBA program?

Ans. Core courses in a Master of Business Administration (MBA) program cover a wide variety of topics, including accounting, applied statistics, human resources, corporate communication, business ethics, business law, business policy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and more.

Q. What Can You Expect to Learn in an Accounting Specialization at the Graduate Level?

Ans. Earning a Master of Business Administration (MBA) degree requires coursework at a variety of advanced levels across many different fields of study related to business. If you want to get a degree with an accounting concentration, you’ll still need to take foundational courses in subjects like economics, management, and communications, but you’ll also need to take some accounting-specific classes as well. A Master of Accountancy program’s focus is, unsurprisingly, on accounting. Nonetheless, most of the jobs you do are repetitive. For an MBA in accounting, you may plan on taking the following classes:

• Financial Accounting
• Cost Accounting
• Accounting in Acquisitions and Mergers
• Problems in Financial Reporting
• Fundamentals in Managerial Accounting
• Cost Management
• Tax Planning
• Auditing

Retailing, Sales Management, Managing Change, Pricing Strategy, Behavioral Economics, Business Negotiation, and Global Strategy are just a few of the business courses that may be needed in an MBA program. MBA programs sometimes allow students to take a few electives as part of their curriculum, but selecting an accounting specialization typically implies that the electives in the program must be accounting courses.

Q. Who Should Enroll in an Accounting MBA Program?

Ans. Prospective graduate students from a range of backgrounds might benefit from pursuing an MBA with an Accounting specialization. A student with a bachelor’s degree in accounting who wishes to broaden their knowledge and earn extra credits in order to sit for the CPA test is one probable candidate. Another prospect is someone who holds a degree in a field unrelated to accounting and wants to transition without having to finish additional undergraduate education. Business owners with minimal accounting knowledge may wish to explore enhancing their leadership and accounting abilities by earning an MBA in Accounting.

According to an article released by the Owen Graduate School of Management at Vanderbilt University, there is no particular age requirement for MBA Accounting programs, however typically degree-seekers have roughly five years of professional experience. The average age of students in Vanderbilt’s MBA program is 28, and several schools have the same or higher average age.

Many schools recommend or even demand that their students have four or five years of work experience since that time frame frequently coincides with the period when the business professional is considering career development. Because an MBA is also a good alternative for anybody interested in changing sectors, the five-year mark is often when an industry move becomes most appealing.

While there is no one “ideal” candidate for an accounting MBA school, students should consider the usual student who applies to the program. Some colleges prioritize applicants with many years of job experience, while other programs often accept students with just a few months of experience.

MBA Accounting Course Highlights

The major highlights of the MBA Accounting Course have been tabulated in the table given below:

• MBA Accounting Course Level
• Post-graduation
• MBA Accounting Full Form
• Master of Business Administration in Accounting
• MBA Accounting Duration
• 2 years
• MBA Accounting Examination Type
• Semester-based
• MBA Accounting Eligibility
• Bachelor’s degree in any discipline with a minimum of 50% score
• MBA Accounting Admission Process
• Entrance Exam based

People Also Ask

Q. Is being a CPA more valuable than having an MBA in Accounting?

Ans. Both a CPA and someone with an MBA in Accounting has a high likelihood of finding work; however, a CPA may be able to negotiate a wage that is 10% higher.

Q. What makes a Master of Business Administration in Accounting different from a Master’s degree in Accounting?

Ans. Master of Accountancy programs narrows their attention to only accounting, in contrast to MBA in Accounting programs, which cover a broad range of accounting and financial topics.

Q. Does getting an MBA in Accounting online make sense?

Ans. It has been shown that obtaining an MBA in Accounting via a distance education program is not as effective as completing a traditional MBA program. However, the level of education one receives could be determined by the institution to which one apply.

Q. Is an MBA with a concentration in accounting the most valuable kind of MBA specialization?

Ans. Even if an MBA in Accounting offers a lot of perks, there are numerous additional specializations that give even more advantages. Students have the option of choosing classes based on the subject matter that most interests them.

Q. What is the Purpose of an MBA in Accounting?

Ans. This course provides the added benefit of assisting students in preparing for the Certified Public Accountant (CPA) exam, adding 5 credit hours to the needed 150 credit hours.
Its curriculum comprises classroom instruction, workshops, lectures led by well-known business experts, internship contests on anticipated manifestations, and mentorship options.
Intermediate Accounting, Financial Analysis, Personal and Corporate Taxation, and Leadership and Organizational Behavior get special attention.
After completing this course, a candidate would be able to effortlessly pursue any position in the management and accounting fields.

Q. Why Should You Study MBA in Accounting?

Ans. The MBA Accounting course assists in the development of problem-solving abilities influenced by habitual and conceptual business practice.
This training improves management and leadership abilities, demonstrating to employers that you contribute to individual and group success.
After finishing an MBA in Accounting, the candidate’s chances of landing a job increase due to the proficiency he or she has.
It also allows you to earn credit hours toward your Uniform CPA certification.
With this training, your chances of landing a C-suite position in a company increase.

MBA Accounting: Admission Process

Most MBA Accounting colleges use the most prevalent way of admission, which is based on tests frequently administered by the national government or by specific universities, such as CAT, MAT, XAT, and so on.

Students must register and pay for tests online in order to take them.
Most colleges that accept CAT, MAT, and XAT results follow a standard selection approach, however, the cut-off mark varies by school.
The CAT cut-off point for the general category is usually 90 per cent, although certain universities may set it as low as 80-90 %.
The MAT test cut-off spans from 500 to 700 points, or 80 to 90 percentile.
Colleges that accept XAT results often need more than a 90 percentile.
Candidates from the SC/ST/OBC (non-creamy layer), differently abled, and other groups are eligible for a set percentile relaxation.

After the announcement of entrance exam results, the selection procedure consists mainly of three steps, which are as follows:

• Step 1: Shortlisting: Candidates are shortlisted based on their CAT/MAT/XAT scores and academic records.
• Step 2: WAT-PI: After getting selected, applicants go to the next step, which consists of two stages – Group Discussion (GD)/Written Ability Test (WAT) and Personal Interview (PI) – in which their communication and abilities are examined.
• Step 3: Final Decision: Following the WAT-PI phase, a certain number of applicants are chosen who are now eligible for admission to the relevant institution.

When a student gets accepted to a university, they must submit the following papers to the college’s administration:

• Marksheets of grades X and XII.
• MAT/CAT/XAT admit card, score card and rank letter.
• Six passport-size photographs.
• Character certificate.
• Reservation certificate (if any).
• Migration certificate.
• Self-attested copies of various identity proofs.
• Domicile certificate.
• Demand Draft.

MBA Accounting Entrance Exam

The national government, which is widely acknowledged, as well as several Indian states and institutions, organize various admission tests. Different schools may look at the results of their chosen examinations.

The following are the most popular MBA Accounting Entrance Exams.

The Indian Institute of Management administers the CAT – Common Admission Test – once a year for admission to PGPM / MBA programs.

The Management Aptitude Test (MAT) is given four times a year and is the second most popular MBA admission test after the CAT.

The Graduate Management Admission Council (GMAC) administers the NMAT – NMIMS Management Aptitude Test for admission to management programmes at NMIMS University and other institutions.

CMAT – Common Management Admission Test – is administered once a year by the National Testing Agency (NTA) and provides admission to several MBA/PGDM universities in India.

XAT – Xavier Aptitude Test – is overseen by XLRI, Jamshedpur. Over 700 business schools, as well as members of the Xavier Association of Management Institutes, recognize XAT results ( XAMI).

UPSEE – Uttar Pradesh State Entrance Examination – is administered by Dr A.P.J. Abdul Kalam Technical University (AKTU) for admission to MBA programs in the state of Uttar Pradesh.

GATA – Goenka Aptitude Test for Admission is administered by GD Goenka University in Gurgaon.

Top Accounting Colleges in India

1. Shri Ram College of Commerce, New Delhi.
   Shri Ram College of Commerce (SRCC) is a business and management institute in Delhi. These are the best accounting schools in India. SRCC is now recognized as India’s best Commerce College in 2020., The Institutional Ranking Framework (NIRF) ranks 12 among Indian colleges in 2020.
2. St. Joseph’s College of Commerce, Bangalore.
   The Jesuits are associated with the St. Joseph’s College of Commerce (SJCC) in the city of Bengaluru. It is self-sufficient and it has an independent system of examinations and recognition. St. This trending college of accounting in India is located on Brigade Road in central Bangalore. The institution goes back to 1882 when St Joseph’s European High School was founded by the Mission Etrangères de Paris. Its processes were handed over in 1937 to the Jesuits and in 1949 the Commerce Department was established.
3. Gargi College, New Delhi
   Gargi College is a University of Delhi-affiliated institution. It was founded in 1967 and offers arts and humanities education, trade, science, and female education. The Government of India’s Department of Biotech has been recognized with this popular accounting college in India.
4. Chhatrapati Shivaji Maharaj University, Maharashtra
   The Chhatrapati Shivaji Maharaj University Act, 2008 established Shivaji Maharaj University in Panvel, Navi Mumbai, Maharashtra, India. The University offers degrees, diplomas, and certificates in engineering, architecture, science, life science, biotechnology, pharmaceutical science, commerce, management, hospitality, law, liberal arts, humanities, social science, education, mass media, creative arts, film studies, and fashion techniques.
5. Birla Institute of Management Technology
   The Birla Group of Companies sponsored and helped the Birla Institute of Technology Management in 1988, under the auspices of the Birla Academy of Arts and Culture, to create business-minded ethical leaders.
6. Hindustan College of Arts and Science, Chennai
   The Hindustan Educational and Charitable Trust founded the Hindusthan College of Arts and Science in 1998. This best accounting college in India is a for-profit organization. It is located on Avinashi Road in Chennai, India.
7. Rashtrasant Tukdoji Maharaj Nagpur University, Nagpur
   The Tukdoji Maharaj Rashtrasant Institution of Nagpur, originally Nagpur University, is a state university in Nagpur, Maharashtra. Nagpur is the location of the State University. It is one of India’s oldest educational institutions and the second oldest in Maharashtra. It is named after Rastasant Tukdoji Maharaj, a well-known spiritual leader, speaker, and musician from Vidarbha. This popular accounting institution in India is a member of both the Indian Universities Association and the Commonwealth Universities Association.
8. Christ University, Bangalore
   CHRIST university in Bangalore, Karnataka, India. Established in 1969 as an independent school, it was designated a university by the Education Ministry on July 22, 2008, in accordance with Article 3 of the UGC Act of 1956. (India). The Carmelites of Mary Immaculate Institution, which is part of the Syro Malabar Major Archbishops church, is managed by Catholic religious order priests. In 2016, the University accredited the National Evaluation and Certification Council with an A degree.
9. Indira Gandhi National Open University, Delhi
   It is a Central Open Learning University in New Delhi, India’s Maidan Garhi area. The institution was founded in 1985 and named after former Indian Prime Minister Indira Gandhi. It has a budget of roughly $20 million, thanks to the Indira Gandhi Open University Act, which was passed by the Indian Parliament in 1985. (IGNOU Act 1985). The IGNOU is led by the Indian central government and claims to be the world’s biggest university, with over 4 million students enrolled.
10. Lovely Professional University, Punjab
    Lovely Professional University (LPU) is one of the top private universities in Chaheru, India. It is ranked #451-500 in Asian University Rankings 2023. LPU is a private university on the outskirts of Jalandhar, Punjab. The Institution Grants Commission (UGC) has sanctioned the university, and it is a member of the Association of Indian Universities (AIU). It is India’s biggest single-campus university, with over 30,000 students and over 4000 faculty and staff, and it offers 300+ programs across 45 departments. According to the Times Higher Education World University Rankings 2023, LPU is placed 23rd among the Top Universities in India and is ranked 2nd in Business and Economics, 8th in Clinical and Health, 9th in Computer Science, and 6th in Engineering & Life Sciences. In the NIRF Universities Rankings 2022, LPU was rated 47th.

MBA in Accounting Colleges in India

MBA in Accounting courses is available at a number of institutions and business schools in India. For MBA in Accounting admissions, candidates may attend any government or private institution. The majority of institutions provide a high return on investment (ROI) and placement chances. Students must enroll in institutions that provide both classroom instruction and practical training.

The table below covers some of the most well-known MBA in Accounting programs in India:

MBA in Accounting Fees in India

MBA in Accounting has long been a popular MBA degree. Work in this field may be rewarding for both the individual and their employer because of the positive impact these experts have on the quality of decision-making.

Therefore, it is crucial that the courses be delivered by excellent faculty members who use a variety of strategies in order to provide professional instruction to aspiring pupils. See below for a breakdown of typical costs for an MBA in Accounting programs in India.

Why Choose an MBA in Accounting?

There might be a variety of reasons for pursuing an MBA in Accounting. Here are a few examples:

Increased Salary: Strategic planning and leadership are only two of the many marketable skills taught by an MBA. According to Payscale, MBA graduates in finance and accounting would earn an additional USD 20,000 per year than accountants with bachelor’s degrees on average by April 2022.
Job Security and Diversity: MBA in Accounting courses often emphasize marketing, business, and finance. Graduates of this advanced degree often have a wide range of professional employment options accessible to them.
Preparation for Certification: The accounting MBA program prepares students for a career as a certified public accountant (CPA). Other certificates, such as a certificate in internal auditing or a certificate in management accounting, are also available to graduates.

MBA in Accounting Conclusion

The Master of Business Administration in Accounting is a full-time, two-year postgraduate program that focuses on acquiring an in-depth grasp of a variety of topics, such as accounting, marketing, taxes, finance, and human resource management, among other topics. MBA students who specialize in accounting often go on to work in a variety of accounting-related fields, such as chief compliance officers, accounting instructors, chief financial officers, controllers, environmental accountants, and so on.

Students must get a passing score on one of the following entrance examinations in order to be considered for enrollment in this class: MAT, CAT, UPSEE, XAT, MAH CET, etc. The majority of educational institutions in India stick to traditional classroom instruction, although a few universities have begun offering this course in an online format. The SJMSOM IIT Bombay, Parul University, Prestige University, and Bharati Vidyapeeth Deemed University are just a few of the prestigious educational institutions in India that provide these programs. The tuition for a programme at a prestigious university might cost anywhere from INR 1.4 to 7 LPA, on average. Graduates in this industry start off with respectable earnings ranging from 3.5 to 15 lakhs Indian rupees (INR) per year.

Frequently Asked Questions About MBA in Accounting:

Q. After completing an MBA in Accounting, what kinds of opportunities are there for further study?

Ans. If a student wants to continue research-related education and improve their professional prospects, there is a large amount of room for them to pursue further education after completing their MBA in Accounting. Chartered Accountancy (CA), Chartered Financial Analyst course (CFA), Cost Management Accounting (CMA), and Doctor of Philosophy in Accountancy (PhD) are just a few of the options.

Q. What is the overall course structure for the MBA in Accounting program?

Ans. The Master of Business Administration in Accounting curriculum is organized around a core set of topics. The study will take place over the span of two years and will consist of various topics, assignments, and papers. The course curriculum also includes discussions on a variety of issues directly connected to master’s degrees- Assessment, Core Subjects, Elective Subjects, etc.

Q. What are the major areas of recruitment for an MBA in Accounting?

Ans. There are a variety of major areas of recruitment for an MBA in Accounting. The following are a few of them:

• Banks
• Business Complexes
• Commercial Hubs
• Consulting Firms
• Indian Economic Services
• Insurance Companies
• Public-Sector Undertakings (PSUs), etc.

Q. What are the finest accounting reference books for an MBA?

Ans. There are several great reference books for an MBA in Accounting accessible to students who want to expand their knowledge in this field. Some examples are as follows:

Steven A. Silbiger’s The Ten-Day MBA 4th Edition
Josh Kaufman’s book The Personal MBA: Mastering the Art of Business
Everything I discovered about a $200,000 MBA in Marketing from author Ritesh Chaube, for example.

Q. Are projects required in MBA Accounting courses?

Ans. Yes, projects are required for all MBA in Accounting students at the conclusion of their final year. The use of Accounting Ratios in Business Decisions is a common project subject for this course.
Taxation as an Important Economic Development Tool.
The Influence of International Financial Reporting Standards on Earnings Management, and so on.

Q. What teaching methods and approaches are used in MBA Accounting courses?

Ans. MBA in Accounting courses includes both conventional lecture-based and practical training teaching styles and techniques. These are designed to provide students access to all of the resources and conveniences that will be accessible to them when they complete this course. Seminars are among the most prevalent instructional approaches and tactics.
Group Discussions Lectures
Examinations
Evaluations, etc.

Q. Are there any electives for an MBA in Accounting?

Ans. Yes, students may pick optional topics for their MBA in Accounting based on their preferences. This course’s optional topics are as follows:

• Managing for Sustainability in Organizations
• Change Management
• A Critical Look at Leadership
• Investment Evaluation
• International Human Resource Administration
• Accounting for Finance
• Customer Behavior, Corporate Finance, and so forth.