If you want to be an accountant, you may be wondering what degree programs are available for Masters in Accounting in Massachusetts. A Masters in Accounting degree is a graduate-level degree that prepares students to pass the Certified Public Accountant (CPA) exam and find employment as auditors, managers and CPAs. A full-time student can usually earn a Masters in Accounting degree from an accredited school through one year of study. Prerequisites to enter Masters in Accounting degree programs include an undergraduate degree in accounting, business or another mathematics-intensive major and a passing score on the GRE or GMAT test. A Masters in Accounting degree allows accountants to move beyond entry-level and junior-level positions into senior-level positions with higher earning potential. In many states, certification as a CPA requires more hours of education than a student can earn while pursuing a bachelor’s degree, so pursuing an advanced degree completes that requirement.
Leading Masters in Accounting in Massachusetts
Prospective students should know that there are several highly-regarded accredited Massachusetts Masters in Accounting degree programs. The D’Amore-McKim School of Business at Northeastern University in Boston, which ranks 56th on U.S. News and World Report’s list of all graduate-level business schools in the United States, offers a Masters in Accounting degree program specifically designed for students who have recently earned their bachelor’s degree and haven’t yet gained substantial work experience. The program can be completed in as little as six months of full-time study if the courses are taken in two consecutive summer terms. Tuition is $1,346 per credit hour. Western New England University in Springfield offers one of the best online Massachusetts Masters in Accounting degree program that can be completed entirely online but also gives students the option to meet in-person. Students can receive assignments, attend class sessions, chat with professors and fellow students and download lecture podcasts online, but can also supplement their distance learning experience with optional on-campus meetings if they choose. In this program, students can also choose to specialize in either Forensic Accounting/Fraud Investigation or Taxation. Tuition for this program is $735 per credit hour, or $22,050 for a complete year of full-time study.
Financial Aid and Scholarships for Masters in Accounting in Massachusetts
While pursuing a Masters in Accounting program can require a significant investment of time and money, financial aid is available to help ease the student’s financial burden. Students can fill out the Free Application for Federal Student Aid (FAFSA) to apply for government loans and state and federal grants. Working professionals may get financial assistance from their employers to continue their studies. The Massachusetts Department of Higher Education Office of Student Financial Assistance states that Graduate Tuition Waivers exist under the Single Tuition Waiver Program. For student beneficiaries of this program, the tuition cost of a graduate program at a public college or university in Massachusetts is waived. Financial aid is more limited for graduate students than undergraduate students, so prospective students of Masters in Accounting programs should apply for financial aid as early as possible to get the assistance they need to earn their Masters in Accounting in Massachusetts.