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MBA in Accounting Management: The Complete Guide 2024

MBA in Accounting Management Guide

A management degree in today’s world is the key to career success. The MBA course is in demand worldwide with enticing opportunities at each step. Masters’ in Business Administration has different specialisations for learners with theoretical and practical knowledge blended into the curriculum.

MBA in Accounting is a course every other student chooses 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.

MBA in Accounting: What is It About?

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.

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
Employment Roles – Auditor
– Accounting Manager
– Finance Supervisor
– Corporate Accountant
– Public Accountant
– Finance Analysts
– Tax Accountant

Why MBA with a Specialisation in Accounting is a Lucrative Offer?

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 will 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 will push you into a world where you will 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.

What Benefits You Reap with an Accounting Degree?

  • Deep-End Learning with Endless Opportunities

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.

  • Knowing the Finances

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.

  • Upper-level Business Aptitude

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.

Who Can Go for an MBA in Accounting?

You can go for an MBA in Accounting if you are:

  • Thinking of making a career in Accounting
  • Want to transition into the field of Accounting from some other domain
  • Want to move up the corporate ladder
  • Want to learn in-depth about the field

MBA in Accounting: Here’s Your General Curriculum

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

Check the Eligibility for the Accounting Course!

Most of the universities require the following general eligibility criteria which may vary as well:

  • Graduate in any field with a minimum of 50% marks in aggregate from a recognised university
  • Either a valid score in any top MBA entrance exam such as CAT/MAT/GMAT/GRE/XAT or any other Management Aptitude Test
  • Or You need to pass the university’s entrance test for MBA admission

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.

Entrance Exams for MBA in Accounting

Exam Name  Exam Date 
CAT 2023 26th November 2023
CMAT 2024 To be declared
XAT 2024 7th January 2024
MAT 2023 MAT PBT: 3 September 2023
MAT CBT: 17 September 2023
NMAT by GMAC 2023 To be declared
SNAP 2023 10 December 2023 – 22 December 2023

MBA Accounting Salary & Rewards!

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 like:

  • University Reputation
  • Location
  • Study Mode
  • Internship
  • Any prior Experience

The average salary after the degree ranges from INR 6,00,000 to INR 20,00,000 LPA on average.

MBA in Accounting Modes

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:

1. Full-Time MBA

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.

2. Part-Time MBA

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.

3. Distance MBA

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.

4. Online MBA

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.

How to Choose the Right MBA in Accounting College?

Finding the right college for your MBA in Accounting is very crucial to ensure that you are able to fulfil your career goals. In order to ensure that your college meets your ambitions, you must compare colleges based upon the following criteria:

  • Curriculum
  • Industry-integration
  • Networking opportunities
  • Skill development opportunities
  • Placement opportunities
  • Fee
  • Accreditations & recognitions

TOP Colleges in India for MBA in Accounting

Regular/Fulltime MBA Colleges
Name of the College Fee
IIT Bombay INR 4,40,000 for the Complete Course
Presidency College INR 2,00,000 for the Complete Course
IBS&R INR 6,00,000 for the Complete Course
BML Munjal University INR 6,20,000 for the Complete Course

 

Online MBA Colleges
Name of the College Fee
Chandigarh University INR 1,50,000 for the Complete Course
SSODL University INR 3,00,000 for the Complete Course
Jain University INR 2,20,000 for the Complete Course
Dr. D.Y. Patil Vidyapeeth INR 3,50,000 for the Complete Course

 

Related: Top 10 Online/Distance MBA Degree Colleges in India- UPDATED!

MBA with Specialisation in Accounting Future Scope

Job Role Average Salary
Auditor INR 3.9 LPA
Accounting Manager INR 8.7 LPA
Financial Analyst INR 5.7 LPA
Corporate Accountant INR 5.6 LPA
Tax Accountant INR 3.9 LPA
Public Accountant INR 2.2 LPA

Top Recruiters in India

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

FAQs

Q1. What is the difference between an MBA in Accounting and a traditional accounting degree?

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 in nature 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.

Q2. Can I pursue an MBA in Accounting without a background in finance or accounting?

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.

Q3. What career opportunities are available with an MBA in Accounting?

After an MBA in Accounting, you can assume diverse roles such as Auditor, Accounting Manager, Financial Analyst, Corporate Accountant, Tax Accountant, Public Accountant, etc.

Q4. Are there online options for pursuing an MBA in Accounting?

Yes, there are many universities that offer an Online MBA in Accounting, you can refer to them in the above-mentioned article.

Q5. What are the core subjects in an MBA in Accounting?

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.

Q6. Are Work Experience and a CPA License Required?

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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