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Online MBA in Accounting
In today’s dynamic education system, learners often look out for online forms of learning which offer flexibility and ease in learning. With the rise of virtual education and its demand among students, universities are offering online MBA in accounting. Online MBA in accounting follows a similar curriculum as compared to regular courses in universities.
Online MBA in accounting is a course which is in demand among working professionals who either want to complete their education or want to enhance their current skills in accounting. It not only allows learners to take up the course virtually but also offers an easy process for taking up course study materials from online platforms.
Online MBA in Accounting : Overview
An Online MBA in Accounting is an online course which has been designed for students to enhance their knowledge and skills associated with accounting. This course has demand because it deals with calculation and business administration. Working professionals seek out such a course which can help them to excel in their current job profile and help in taking promotions.
The best part of the online MBA in accounting is that it offers you the chance to exceed the course anytime from anywhere. You simply need the internet which is the basic necessity of major households these days. It also offers you passing certificates which have high demand in today’s working sector.
Key Highlights of Online MBA in Accounting: A Precise Information
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Aspect
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Details
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Course Duration
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The course duration typically ranges from one to three years. However, it depends upon the status of the course.
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Types of Courses
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There are two type of courses available- Full-time and part-time
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Fees
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The fees for online MBA accounting varies from colleges and universities. The average fees depend on the range of INR 90,000 to 2,00,000.
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Top Specialisations
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Financial accounting
Managerial accounting Auditing Taxation Forensic accounting. |
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Eligibility
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Applicants need to graduate in the field of accounting, finance, or related fields with a minimum of 50%.
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Admission Process
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It includes filling up an application with required documents.
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Job Profiles
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Accountant
Financial analyst Auditor Controller Tax manager Forensic accountant |
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Salary Packages
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Top recruiters offer salary packages which range for INR 50,000 to 150,000 per annum.
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Top Recruiters
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Deloitte
PwC EY KPMG Fortune 500 companies Financial institutions Government agencies |
Why choose an Online MBA in Accounting?
- Flexibility:-Online MBA programs offer flexibility in terms of scheduling, allowing scholars to balance work, family, and education commitments effectively.
- Networking openings: Online platforms grease networking with peers, professors, and assiduity professionals, fostering precious connections for unborn career growth.
- Practical Literacy: - Through case studies, simulations, and interactive assignments, online MBA programs give practical, real-world literacy that enhance scholars' problem-working and decision-making chops.
- Availability: t is another hallmark of online MBA programs. By transcending geographical boundaries and temporal constraints, these programs open the doors of occasion to a global cohort of scholars. Whether abiding in bustling cosmopolis or remote pastoral communities, aspiring accountants can now pierce world- class education from the comfort of their own homes, provided they've an internet connection and a thirst for knowledge.
- Career Advancement: An MBA in Accounting equips individualities with advanced knowledge and chops necessary for directorial places in account and finance departments of associations.
- Global openings: With the rise of globalisation, businesses are seeking account professionals with a global perspective. Online MBA programs expose scholars to transnational business practices and cross-cultural operation, preparing them for places in transnational pots.
- Work- Life Balance:Online MBA programs allow working professionals to pursue advanced education without interposing their careers, enabling them to advance academically while maintaining work commitments.
- Cost- Effectiveness: Online programs frequently offer lower education freights compared to traditional on- lot programs. Also, scholars save on exchanging and accommodation costs associated with attending physical classes.
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PARAMETERS
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DETAILS
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LEVEL OF COURSE
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Post Graduation
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COURSE DURATION
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2 years
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ELIGIBILITY CRITERIA
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Bachelor's degree in BE,B.TECH,BCA or any similar field with a minimum percentage of 50-55% allover
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ADMISSION PROCESS
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Direct/Merit-based/Entrance Exam based
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ENTRANCE EXAM
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CAT,XAT, GMAT,CMAT, or MAT
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COURSE PEDAGOGY
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Online classes and Learning Management System (LMS)
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FEE RANGE
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6-13 Lakhs INR
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Top online MBA in strategic management specialisation
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Innovation management, global strategy, change management, corporate governance
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Top universities
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Indian institute of management Ahmedabad (IIMB),Xaviers school of management, Jamshedpur,Indian institute of management calcutta (IIMC)
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JOB PROFILE
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Strategic Planner,Business Development Manager,Management Consultant,Chief Strategy Officer
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AVERAGE SALARY
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INR 15-20 LakhsPA
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Top recruiters
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IBM, Google, Apple, Amazon
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Who is Eligible to Choose the Course?
While specific eligibility conditions may vary depending on the institution, typical prerequisites for admission to an online MBA in Accounting program include .
- Bachelor’s place -Aspirants must hold a bachelorette's degree from an accredited institution. While a background in account or business may be preferred, it isn't always needed.
- Work Experience-Some programs require aspirants to have applicable work experience, ranging from one to five times, depending on the program's focus and position(e.g., administrative MBAvs. traditional MBA).
- Minimum GPA- numerous institutions specify a minimal undergraduate GPA demand, generally ranging from 2.5 to 3.0 on a4.0 scale.
- English Proficiency International aspirants whose native language isn't English may be needed to demonstrate proficiency in English through standardised tests similar to the TOEFL or IELTS.
Universities that Provide Online MBA in Accounting
- Indira Gandhi National Open University (IGNOU)
- Symbiosis Centre for Distance Learning (SCDL)
- Amity University Online
- NMIMS Global Access School for Continuing Education (NGA-SCE)
- ICFAI University
- Sikkim Manipal University (SMU-DE)
- Annamalai University
- University of Madras Institute of Distance Education
Topics Covered in Online MBA in Accounting
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Semester 1
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Semester 2
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Organisational Behaviour and Principles & Practices of Management
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Marketing Management
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Managerial Economics
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Human Resource Management
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Legal Aspects of Business
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Materials and Logistics Management
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Information Technology
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Research Methodology
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Management Accounting
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Financial Management
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Statistical and Quantitative Methods
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Manufacturing and Operations Management
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Semester 3
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Semester 4
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Strategic Management
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Management Information System
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Entrepreneurship Development
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Product and Brand Management
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International Business
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Sales and Distribution Management
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Industrial Marketing
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Integrated Marketing Communication
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Retail Management
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Logistics and Supply Chain Management
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E-Commerce
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Total Quality Management
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Duration For Online MBA in Accounting:
The duration of the online MBA in accounting depends upon the status of the program. The type of courses available for this online program is full-time and part-time. The full-time students can complete this course within a year. While the part-time students can extend their course years to three years depending upon the course load they can manage along with other responsibilities.
Skills needed for online MBA in Accounting
- If you want to pursue your education in online MBA accounting, you need to have certain skills which can allow you to excel in the course. Having strong analytical skills is a boon for students taking up this course.
- Moreover, if you are into accounting you need to have advanced problem-solving skills for resolving complex maths and calculations. You need to have keen eyes on every small detail because accounting basically deals with numbers and you cannot miss a single number.
- Additionally, knowledge on accounting methods and principles helps students to understand the MBA course in a better manner. These skills build your career scope and help you to compete among others when you are exposed to real-world working scenarios.
Recommended Books for Online MBA in Accounting
“Intermediate Accounting” by Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
“Financial Accounting” by Robert Libby, Patricia Libby, and Frank Hodge
“Managerial Accounting” by Ray H. Garrison, Eric Noreen, and Peter C. Brewer
“Advanced Accounting” by Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, and Kenneth Smith
“Principles of Accounting” by Belverd E. Needles Jr., Marian Powers, and Susan V. Crosson
Application Procedure For The Online MBA In Accounting
- The admission process for an online MBA in Accounting generally involves the following way: Prospective scholars must submit an online operation through the university's website, furnishing particular information, academic reiterations, and applicable documents
- Some institutions require aspirants to take standardised tests similar to the GMAT or GRE. Still, numerous online MBA programs waive this demand, particularly for campaigners with significant professional experience.
- Letters of Recommendation aspirants may be needed to submit letters of recommendation from employers or academic instructors who can attest to their qualifications and are implicit for success in the program.
- A well- written statement of purpose outlining the aspirant's academic background, career bournes , and reasons for choosing the program is frequently needed.
- Candidates may be invited for an interview, either in person or via videotape conferencing, to further assess their felicity for the program.
Educational Expenses for an online MBA in Accounting
The cost of an online MBA in Accounting can vary significantly depending on factors similar to the institution’s character, program duration, and delivery format. On average, education fees for online MBA programs range from INR10000 to INR50000 per sem, with some prestigious institutions charging advanced rates.
Also, scholars should consider other charges similar as handbooks, technology conditions, and implicit occupancy or trip costs for on- lot factors or study abroad openings.
It’s important for prospective scholars to probe and compare program immolations, delegation status, faculty moxie, and alumni issues to ensure they elect an estimable program that aligns with their career pretensions and bourne. Earning an online MBA in Accounting can open doors to a wide range of career openings in colourful sectors, including .
Job Opportunities For Online MBA in Accounting
- Public Accounting enterprises -Positions similar to Certified Public Accountant (CPA), adjudicator, duty adviser , and forensic accountant are common places in public account enterprises.
- Commercial Finance - Accounting professionals can pursue places in commercial finance departments, including fiscal critic, regulator, treasurer, and principal fiscal officer (CFO).
- Government Agencies - Government associations at the original, state, and civil situations hire accountants for places similar as budget critic, internal adjudicator, and profit agent.
- Nonprofit Associations -Nonprofit realities calculate on accountants to manage finances, insure compliance with nonsupervisory conditions, and give fiscal translucency to stakeholders.
- Consulting - Consulting enterprises hire account professionals to advise guests on fiscal operation, threat assessment, and business strategy.
Is It Worth Taking an Online MBA in Accounting?
Pursuing an online MBA in Accounting offers multitudinous advantages, including inflexibility, availability, and career advancement openings. By precisely considering factors similar to program character, delegation, and cost, aspiring account professionals can make informed opinions to propel their careers forward in the dynamic field of account and finance.
Practical Literacy is also a foundation of online MBA programs, with numerous institutions incorporating real- world case studies, simulations, and interactive exercises into their class. By bridging the gap between proposition and practice, these existential literacy openings equip scholars with the chops and knowledge demanded to attack the complex challenges of the ultramodern business world.
Leading Employers for Online MBA in Accounting
- Deloitte
- PricewaterhouseCoopers (PwC)
- Ernst & Young (EY)
- KPMG
- Grant Thornton
- BDO USA LLP
- RSM US LLP
- Crowe
- Baker Tilly
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