35 Best Online Masters in Accounting No GMAT

Accounting professionals often find work in thrilling fields like show business, law enforcement, fashion, government and professional sports. They can hold positions of great influence in a company, including that of chief financial officer.

It might surprise you to learn that accounting can be fun, exciting and, sometimes, even glamorous.

Online Master’s Programs without GMAT Requirements

GMAT is NOT required. Accelerated 8-week online classes available.

Find the type of accounting that best matches your interest:

In addition to no GMAT masters degrees, a number of programs also offer GMAT waivers for qualified students.

Fast Facts

Time to Complete A Master’s degree in Accounting generally takes around two years to complete, may be even longer for part-time students. However, accelerated programs with fast-track courses can let you finish in 1.5 years or less.
Credit Hours A minimum of at least 30 credit hours
Specializations
  • Accounting in the Public Sector
  • Auditing
  • Financial Accounting
  • Forensic Accounting
  • International Accounting
  • Management Accounting
  • Public Accounting
  • Taxation Accounting
Accreditation Aside from regional accreditations, prospective online Master’s in Accounting students should also consider the approval of the following accrediting organizations.
  • Association to Advance Collegiate Schools of Business (AACSB)
  • Accreditation Council for Business Schools and Programs (ACBSP)
  • International Assembly for Collegiate Business Education (IACBE)

General Accounting

Earning your master’s degree in accounting could mean that you get a Master of Science in Accounting or a Master of Accountancy. Either way, a generalized course of study in this field will cover topics like auditing, taxation and financial analysis.

These are topics that are covered at the bachelor’s level as well, but a master’s program will go into greater depth.

In addition, you’ll study policies and regulations that affect accounting practice. You’ll discuss maintaining ethical standards in your work and operating according to widely accepted best practices. Coursework may also cover international business topics so that you’ll be prepared to work in global markets.

Options may include:

  • Change Management
  • Accounting for Non-profit Organizations
  • Spreadsheet Applications
  • Business and Employment Law
  • Financial Strategy for Corporations

Because this is a generalist approach to getting your master’s degree, you may have the option to select several electives of your choosing. Through your electives, you can tailor your studies to a particular area of accounting, or you can pick varied courses that will support your future career goals.

Forensic Accounting

Choosing to earn a master’s degree in Forensic Accounting will equip you with the knowledge you need for investigating financial matters. Forensic accountants are responsible for combing through financial records to settle matters of dispute, confusion or fraud.

Some graduates use their forensic accounting degree in business settings as company employees or consultants. They may audit the books, look for suspicious activity or ensure that the organization is complying with the law.

The curriculum for this program may include:

  • Advanced Auditing Theory
  • Accounting Fraud
  • Accounting in Legal Settings
  • Information Systems for Accounting Practice
  • Systems for Financial Reports

A forensic accounting program can also prepare you to work within the legal system. Accountants may need to investigate whether fraud occurred or provide testimony about financial matters in criminal cases.

Others go to work for government agencies. For example, federal tax auditors may hold a Master’s in Forensic Accounting. The FBI hires forensic accountants to collect evidence, interview witnesses and deliver expert testimony.

Taxation Accounting

If you’re particularly interested studying taxes, consider earning a specialized master’s degree in Taxation Accounting. This branch of accounting prepares people to become tax experts. Considering that tax law can be quite complicated, it can be essential for businesses to rely on the services of taxation professionals.

That can make this an in-demand specialty.

During this master’s program, you’ll take courses that cover topics such as:

  • Laws related to taxation
  • Ethical accounting practice
  • Income taxes for businesses and corporations
  • Taxation authority of the government
  • Case studies in financial analysis
  • Business tax planning

As an expert in this field, you could choose to work in a business setting to head up a company’s tax matters. This could include tax filing, planning and compliance. You could also serve in a consulting position. As a consultant, various businesses might contract with you to take care of their taxation obligations.

Others with this degree choose to work in tax preparation for individuals. Holding a master’s may qualify you for a supervisory position in a tax firm.

Choosing a Master’s Degree in Accounting

Plenty of schools offer master’s degree programs in accounting. How can you decide which is right for you?

Consider the following four factors:

Location

Some schools offer on-campus programs, and others do theirs online. For many people, especially those with full-time jobs, the online option offers greater flexibility.

Licensing options

A master’s program may prepare you to become certified as a CPA. If that’s your goal, it’s important to make sure that the program you are considering meets licensing requirements in your state.

Cost

The tuition price of a master’s program can vary widely between schools. Programs with lower credit-hour requirements often cost less in the long run.

Time to completion

In addition to selecting a school that requires fewer credit hours, consider accelerated online programs if you want to get done with your master’s program quickly.

Master’s in Accounting Specializations

Many sectors rely on the knowledge and skills of accountants. Because the accounting field is so broad, you may want to select a specialization in which you can develop advanced skills in one particular area.

International Accounting

If you want to work overseas, hold a position with a multinational corporation or conduct deals with international businesses, then a specialization in International Accounting will provide important preparation for your career. Students learn about global markets, exchange rates and worldwide accounting ethics. Career options include international accounting or auditing.

Forensic Accounting

To put your detective skills to work in an accounting setting, consider a concentration in Forensic Accounting. This specialization will train you to uncover problems in financial records and statements. You could put this degree into practice as a fraud investigator, an expert witness or a forensic accountant in the private sector.

Accounting in the Public Sector

The government relies on the skills of accounting professionals, and a specialization in Accounting in the Public Sector can prepare you for the unique needs of government agencies. You could become an auditor who analyzes tax returns, a government budget analyst or an accountant for a public bureau.

Auditing

Experts in auditing know how to uncover and resolve issues in financial records. Some auditors work with tax statements, and others keep an eye on businesses’ books. An auditing-focused program will equip you with the ability to use software and other technologies to help you be successful as a compliance auditor or a corporate accountant.

Financial Accounting

For employment in an organization or a corporation, choose a specialization in Financial Accounting. This course of study focuses on the financial needs of the private sector; these needs include budget analysis, market evaluation and financial reporting. You’ll probably hold a financial title for an organization. Job possibilities include analyst, accountant or chief financial officer.

Management Accounting

If you run a business, you’ll probably need to understand accounting principles even if “accountant” isn’t your official job title. As you study for a Management Accounting concentration, you’ll learn about budgeting, internal audits and financial predictions. This degree is useful for small business owners, chief financial officers and managers.

Public Accounting

To perform accounting services for a variety of clients, consider studying Public Accounting. Your studies will prepare you to take care of tax returns and other accounting matters for individuals and businesses. Many people in this field are licensed as Certified Public Accountants (CPA).

Taxation Accounting

To become extremely well-versed in all matters related to taxation, pursue a concentration in Taxation Accounting. You’ll learn about tax laws that apply to organizations and individuals. Your coursework will cover reporting methods that fulfill legal requirements, and you’ll learn how to conduct audits. Career options include tax manager and tax auditor.

Sample Courses

The curriculum for a master’s degree in accounting varies between schools, but during your studies, you may take classes similar to the following ones.

Financial Reporting

Accountants must keep detailed records and submit financial information to various authorities. In this class, you’ll study methods for tracking assets and cash flow, and you’ll discuss how to use this information when making business decisions.

Business Law

Students in many business programs, including accounting, need to understand the laws that govern business practices. This course covers domestic and international rules and guidelines. These topics often lead to conversations about ethical compliance.

Globalization and Managerial Economics

To operate in international markets, you must understand laws and economies from around the world. This class aims to equip students with the tools to make legal and ethical financial decisions in worldwide markets.

Corporate Financial Management

Accountants who hold leadership positions in corporate settings need a thorough understanding of business finance and company shares. This class will prepare you to manage a company’s resources, budgets and financial plans.

Financial Accounting

This foundational class introduces students to a deeper understanding of fundamental accounting principles. You’ll study methods for keeping records, understanding statements and presenting financial information to leaders, shareholders and government agencies.

Managerial Accounting

A company’s financial history and current status should influence its future decisions. In this class, your coursework will prepare you to turn your accounting knowledge into wise company leadership. You’ll study budgeting, data analysis and risk assessment.

Auditing

Whether you want to audit your own company’s finances or conduct external audits on individuals or organizations, you must have a firm grasp of auditing principles, such as reviewing statements and preparing trustworthy reports.

Tax Planning

This class equips students with the skills to take charge of tax responsibilities for organizations and individuals. You’ll study how tax laws differ for various types of businesses, and you’ll learn about preparing tax returns.

Altogether, your core classes, specialization classes and electives should give you an in-depth understanding of your chosen accounting field.

What Will You Learn in a Master of Accountancy Program?

At some schools, the accounting-related master’s program is not a Master of Accounting degree but a Master of Accountancy degree. This small word change reflects a slight shift in the focus of the program.

  • Accounting refers to the processes that are used for maintaining and analyzing financial information.
  • Accountancy refers to the practice of carrying out accounting work.

Your studies may focus on:

  • Carrying out accounting research
  • Solving financial and budgetary problems
  • Making reliable, ethical decisions for business and individuals
  • Determining which factors are most critical to consider when making business decisions
  • Gaining real-world experience

An accountancy program will equip you with practical tools for putting your financial knowledge into practice.

Accounting Pros and Cons

Getting a master’s degree in the accounting field can be a great move. Here are some of the top reasons to consider this educational path:

  • Earning an accounting master’s degree can provide the coursework needed for taking the Certified Public Accountant licensure exam. Earning this title is an essential prerequisite for many lucrative jobs.
  • Networking is very important for advancing in business, and getting to know faculty, completing internships and dialoguing with other students can help you build strong network ties.
  • Accounting is a critical business skill. Advanced education in this area may position you for corporate leadership responsibilities, such as becoming a chief financial officer.

Even still, this degree isn’t right for everyone. Here are a few reasons to reconsider this master’s program:

  • Some schools focus more on theory than on real-world practice. You may be able to gain more real-life experience in the workforce.
  • Accountants don’t always have an even workload. Some positions require a heavy investment of time and effort during tax season, but off-season loads are light.
  • Getting a master’s degree requires an investment of time and money.

Of course, if accounting is truly your passion, you’ll probably find that these cons won’t stand in the way of getting your master’s degree.

Typical Admissions Criteria

Master of Accounting programs can be rigorous, so admission committees carefully screen applicants to determine which are the best fit for their programs. The application requirements can vary from school to school. Even still, the following list will give you a general idea of the common criteria that most admissions departments consider.

Transcripts and previous education:

  • Transcripts and previous education: To get into a master’s program, it’s essential that you hold a bachelor’s degree. Some programs insist that an applicant’s undergrad studies be in the area of accounting. Others will allow in non-accounting majors with the caveat that they must take foundational classes in order to catch up. Either way, you’ll need to provide transcripts for your previous studies.

Some schools require applicants to have achieved a minimum GPA during their undergrad years.

Standardized tests:

  • Standardized tests: The GMAT is the most common standardized test that is used for admission to accounting and other business programs. Some schools are willing to look at GRE scores as an alternative.

Not all schools require these tests, and many offer waivers, so you may be able to apply without taking either exam.

Completed application:

  • Completed application: Of course, if you want a committee to take your application seriously, you must fill out all the parts.

This often includes an essay or a personal statement, which gives you an opportunity to highlight your strengths and passions.

Professional or academic references:

  • Professional or academic references: Most schools ask for letters of recommendation from people who have worked with you in professional or academic settings.

Requiring applicants to produce two or three letters is common.

Required fee:

  • Required fee: The application fee covers the time spent on evaluating your materials, and it shows that you’re serious about pursuing the program.

Important Considerations When Applying

When you’re thinking about going to school for your master’s, blindly sending in applications to every accounting graduate program isn’t your best course of action. It’s a lot more sensible to carefully consider each program before deciding whether you should apply.

Approaching the application process in this way allows you to save your best effort (and your application fees) for the programs that truly are good fits for your needs and interests.

GMAT Waivers

If you’re not into taking tests, you’ll be glad to know that there are accounting programs for which GMAT test scores are not a necessity. Some business schools base their admissions process solely on other criteria, so they don’t ask for any test scores. Their criteria may include undergraduate GPA scores or the strength of candidates’ personal essays.

Other accounting programs offer GMAT waivers to qualifying students. If you have achieved a minimum GPA, hold professional certifications or have sufficient work experience, you may be able to apply without test scores.

Accreditation

Credible universities have regional accreditation; it’s as simple as that. You should only apply to schools with this type of certification.

In addition, for assurance that you’re entering a quality accounting program, you may want to look for programs that have received the approval of an industry-specific accrediting board. Don’t worry: Schools can be accredited even if they don’t require GMAT scores for admission.

Licensing Requirements

If you want to become a licensed CPA, you should apply only for programs with licensure tracks. Keep in mind that, even if a program leads to licensure in some states, it may not meet your home state’s requirements. So that you don’t end up with a meaningless degree, double-check whether your desired program meets your state’s standards.

Accounting Employment

Accounting can be a profitable career, especially when you hold a master’s degree in the field. The potential salary range varies depending on the position you hold and the area of the country where you live. In general, though, having plenty of education and professional experience tends to pay off.

Accounting Careers

After graduating with a master’s degree in accounting, you’ll have a wide range of career options available to you. To decide which path is the right fit for you, you might want to consider your personal interests, the average salary and the projected growth of jobs in that field.

Accounting Jobs & Salary

Job Title Salary
Vice President (VP), Finance $133,832
Chief Financial Officer (CFO) $121,550
Internal Audit Director $112,176
Corporate Controller $109,944
Tax Manager $92,296
Investment Banker $88,916
Auditing Manager $86,760
Senior Financial Analyst $81,862
Senior Accountant $68,126
Forensic Accountant $67,912

Accountant

People who maintain financial records or prepare taxes are often known as accountants. As an accountant, you could be employed by a company for which you are responsible for financial matters, including bookkeeping or budget maintenance. Alternatively, you could serve as a public accountant with multiple clients, whether individuals or organizations. There’s also the option of being an accountant with a government agency. If you choose to work as an accountant, you may want to pursue CPA certification.

  • Median annual salary: $70,500
  • Projected job growth: 10% job growth from 2016-2026

Auditor

A person who inspects financial records for mistakes, discrepancies or fraud is called an auditor. Some auditors work internally; they are employees by a company to ensure that its books and other financial records are kept in good standing. Others are external auditors. This means that they are consultants who analyze records for other individuals or organizations. Some auditors work for government agencies to ensure tax compliance or to make sure that government money is spent appropriately.

  • Median annual salary: $70,500
  • Projected job growth: 10% increase

Budget Analyst

Keeping spending and resource allocation in check is the role of a budget analyst. Often, these professionals are in charge of overseeing an organization’s budget and making changes as needed. Being able to make predictions about future spending needs and market changes can help these professionals set workable budgets. This analysis can be carried out in corporate, small business, nonprofit and government settings. Budget analysts can also work for individuals to help them keep track of their spending and make wise financial decisions.

  • Median annual salary: $76,220
  • Projected job growth: 7% increase

Cost Estimator

People with the expertise to figure out anticipated costs for projects have the job of cost estimation. Expenses that these professionals consider include labor and materials. They must also think about how much time a project is likely to take. Typically, cost estimators specialize in a particular field, such as auto manufacturing or construction, and it can be helpful to have work experience in that specialization before taking on a cost estimation role.

  • Median annual salary: $64,040
  • Projected job growth: 11% increase

Financial Analyst

People that hold financial analyst positions are responsible for carefully monitoring and reviewing financial data and conditions. The details and trends that they discover can help guide a company’s decision-making process. Many financial analysts spend a lot of time thinking about stocks and other investments. Others consider sales and the impact of marketing campaigns. In addition to working for companies, financial analysts can also provide investment guidance for individuals.

  • Median annual salary: $85,660
  • Projected job growth: 11% increase

Financial Manager

Financial management involves taking a leadership role in the money dealings of a company or an organization. The manager’s responsibilities may entail producing reports on financial activities and sharing those reports with other leaders in the organization. In addition, financial managers may deal with budgets, financial projections, investments and compliance with the law. If a company is in strong financial shape, it may be a sign that the financial manager is doing a good job.

  • Median annual salary: $127,990
  • Projected job growth: 19% increase

Chief Financial Officer

The top financial executive in a large company is often known as the chief financial officer. Like a financial manager, this person is responsible for an organization’s financial health and decisions. In a large corporation, the CFO may supervise one or more financial managers. The CFO role is a C-suite position that is highly coveted by many in the fields of accounting and finance.

  • Median annual salary: $104,980
  • Projected job growth: 8% increase

Accounting Industry Growth

Chat with others during tax season, and you’ll quickly be reminded how tricky it can be for people to navigate tax laws on their own. Business taxes can be even more complicated. If you have an aptitude for numbers and figures, you’ll probably find that your skills are hotly sought after by those who find taxes confusing and overwhelming. Tax regulations are unlikely to get less confusing anytime soon, so your accounting skills will continue to be useful year after year.

That’s just one reason why the Bureau of Labor Statistics expects jobs in the accounting field to increase by 10% between 2016 and 2026. Another factor is the increasing globalization of the business world. Experts who understand global finance and how to operate in international markets are highly valued by companies that want to expand their worldwide presence.

Even for companies that operate solely in the United States, keeping track of financial details is a must. If your bookkeeping fails, the company itself may not be far behind. Without good accounting practices, it’s hard for a business to set a reliable budget, forecast future trends or invest money wisely. From tiny startups to massive corporations, every company can benefit from the involvement of at least one accounting expert.

The average accountant or auditor earns around $70,000 each year. If you advance through the ranks to an executive position, you could eventually earn a three-figure annual salary.

According to industry experts, the following jobs within the field are particularly in demand:

  • Accountants, including staff and senior accountants
  • Financial controllers
  • Managers over payroll or accounting departments
  • Financial analysts
  • Auditors, especially internal auditors

In addition, certain education and credentials may help you land desirable accounting positions. For example, employers look favorably on candidates who have master’s degrees in accounting. Getting industry-specific certifications can help as well. Options include Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA).

Financial Aid

Earning a master’s degree can be an expensive undertaking. Understanding the financial aid options that may be available to you can help you start to envision how you’ll be able to afford your accounting graduate degree.

  • Loans. You can borrow money to pay for your schooling and pay it back after you’re finished. Loans often come from government sources, but private loans are available as well.
  • Grants. Money that is given to you based on financial need is known as a grant. You do not have to repay a grant. State and federal government programs are often the source of grant money.
  • Scholarships. Like a grant, a scholarship is a gift of money that you do not need to pay back. Although financial need may be taken into consideration, scholarships are typically awarded on the basis of merit.
  • Federal Work-Study. This government program allows you earn tuition funds through on- or off-campus jobs.
  • Fellowships. Typically offered at the graduate level, a fellowship is like a scholarship that gives you hands-on experience in addition to funding.

To figure out what financial aid you might be able to receive, start by filling out the federal government’s FAFSA form.

Scholarships

Accreditation

Colleges and universities receive accreditation from regional accrediting agencies. This type of accreditor evaluates the school as a whole to ensure that it is delivering high-quality educational programs and experiences.

These agencies include:

  • Higher Learning Commission (HLC)
  • WASC Senior College and Learning Commission (WSCUC)
  • Northwest Commission on Colleges and Universities (NWCCU)
  • New England Commission of Higher Education (NECHE)
  • Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
  • Middle States Commission on Higher Education (MSCHE)

Every reputable college or university carries regional accreditation, so it’s essential that you pick an accredited school. With accreditation, you’ll be able to trust the quality of your schooling, and you’ll be eligible for financial aid.

Business School Accreditation

In addition to regional accreditation, many accounting colleges have an additional certification from an organization dedicated to accrediting business schools and programs. This type of certification indicates that you are selecting an accounting program that meets or exceeds industry standards.

The main business accreditations to look for are:

  • Association to Advance Collegiate Schools of Business (AACSB)
  • Accreditation Council for Business Schools and Programs (ACBSP)
  • International Assembly for Collegiate Business Education (IACBE)

In general, business-specific accreditation from one of these organizations is not as essential as regional accreditation. Even still, going to a school that bears one of these certifications may affect whether you are fully prepared for licensure exams, and it may influence your future employability.

Certifications and Licenses

To prove to clients and employers that you know what you’re talking about when it comes to accounting, you can pursue certification or licensure.

Some of the most sought-after credentials in the world of accounting are:

Certified Public Accountant (CPA):

  • This well-known credential certifies that you are skilled and experienced in matters of public accounting. Requirements for taking the test may vary by state.

Certified Management Accountant (CMA):

  • If you intend to hold a financial leadership position, studying for this certification will help you refine your management skills.

Chartered Financial Analyst (CFA):

  • This credential demonstrates your aptitude for investments.

After completing your master’s degree, consider adding one or more of these credentials to your title to improve your employability and credibility.

Accounting Professional Organizations

Business professionals often join accounting or finance organizations to connect with others in their industry. Being part of a professional organization may help you learn about job openings or give you a chance to network with industry leaders. In addition, some organizations offer courses or other resources to enhance your accounting knowledge.

  • American Institute of Certified Professional Accountants (AICPA)
  • American Accounting Association (AAA
  • Institute of Management Accountants (IMA)
  • MGI Worldwide
  • American Association of Finance and Accounting (AAFA)
  • Chartered Institute of Management Accountants (CIMA)
  • National Society of Accountants (NSA)
  • International Federation of Accountants (IFAC)

As a student, you may be able to join one or more of these organizations at a discount. Joining while still in school can enhance your learning opportunities and help you make business connections before graduation.

What Is the GMAT?

Many business schools require at least some of their applicants to take the Graduate Management Admission Test (GMAT). This test is designed to demonstrate whether an applicant is ready for a graduate-level business program. The exam measures your skills in mathematics, critical thinking, data analysis and grammatically correct writing.

Can GMAT Be Waived?

Yes, many schools offer exceptions to their GMAT requirements. You may qualify for a waiver based on your undergraduate GPA, your previous graduate degrees or your professional experience. Waiver requirements vary among schools, so check with a university’s admissions department to learn more about the school’s GMAT policy.

Is GMAT Required for Master’s in Accounting?

No, some schools do not require any master’s in accounting applicants to submit GMAT scores. Instead, they base admissions decisions on other criteria, including GPA, professional references and personal statements. Other schools offer GMAT waivers to applicants with sufficient work experience or high GPAs.

Is the GRE Required for a Master’s in Accounting?

Although some business schools accept GRE scores as an alternative to GMAT results, this isn’t true across the board. Some master’s in accounting programs do not require that any test scores be sent in with applications. Other schools grant GRE waivers to well-qualified applicants.

Can You Get Your Master’s in Accounting Online?

Many accredited schools offer online master’s in accounting programs. In fact, the online programs may rely on the same coursework, taught by the same professors, as the universities’ on-campus accounting programs. Also, schools with online programs are accredited by the same agencies as colleges that offer only campus-based degrees.

Should I Get a Master’s in Accounting Online?

An accounting master’s degree can be a great way to advance your career or gain expert knowledge in this field. Online degrees present the same information as campus-based programs. You can trust that you’ll learn just as much through computer-based courses as you would if you attended classes on campus.

For students who have families or are already established in a career, online coursework can be especially valuable. Digital classes often use a flexible format, so you can engage in learning experiences on your schedule. Some use an accelerated calendar that can help you complete your degree quickly.

Is an Online Accounting Degree Worth It?

The average employee with a bachelor’s degree in accounting earns $69,000 annually. That figure jumps to $91,000 for those with master’s degrees in the field. This 31% increase in annual salary means that your online master’s tuition may pay for itself within just a few years.

Is a CPA Equivalent to a Master’s Degree?

CPA licensure signifies that you possess an expert level of knowledge and skill related to public accounting. To become a CPA, you must pass the certification exam. Earning a master’s degree in accounting does not automatically qualify you for this title.

What your master’s studies can do is help prepare you for the CPA exam. In many states, you must earn 150 post-secondary accounting credit hours in order to sit for the test. A bachelor’s alone isn’t enough to accumulate 150 hours, but a bachelor’s plus a master’s can get you there.

Are Online Accounting Degrees Respected?

Upon graduation, your diploma won’t specify whether you earned your degree in-person or online. Besides, online programs and on-campus ones contain equivalent content and require similar assignments. As long as you attend an accredited school, your online degree will be respected and honored by employers, certification boards and clients.

Is GMAT Just for MBA?

Non-MBA programs may ask for GMAT scores. This test is intended for schools with business or management programs. That encompasses more than just MBAs. Whether you are pursuing a Master of Accountancy, a Master of Science in Accounting or an MBA with an Accounting concentration, you may need test scores.

How Long Does It Take to Get an Online Master’s in Accounting?

In general, it takes around two years to get a master’s degree, but going to school part-time will extend the process. On the other hand, many online colleges offer the option of taking accelerated classes. With fast-track courses, the entire program may take 1.5 years or less.

How Much Does an Online Master’s in Accounting Cost?

The total cost of earning your master’s in accounting can vary greatly depending on the school that you choose and a variety of other factors.

Your master’s program costs will be influenced by:

Cost per credit hour

In-state public universities may offer the lowest rates.

Number of credit hours required

Some universities’ programs may require only 30 hours.

Additional costs

These may include books and technology fees.

The average master’s degree costs $30,000 to $40,000. Thankfully, financial aid can greatly offset your tuition costs. This might come in the form of scholarships or other discounts directly from your school. It could also come as federal loans, government grants, graduate fellowships or private scholarships. These funding sources can make a graduate degree a lot more affordable.

Conclusion

To move up in your career, consider earning a graduate degree in accounting. A master’s degree will equip you with in-demand skills and increase your earning potential. For a flexible program that fits your lifestyle, seek out no-GMAT schools that offer online master’s degrees in accounting.

List of Online Master’s in Accounting Programs without GMAT Requirement

Rank University Featured Image tbl-programs Location mdgtbl-description
1 Albertus Magnus College
GMAT/GRENo
LOCATIONConnecticut
ACCREDITATIONNECHE
Through evening or online courses, you can earn an MS in Accounting from Albertus Magnus College in Connecticut. Courses include Financial Statement Analysis and Fraud Investigation. After this program, you may have enough credits to sit for the CPA examination. You can also choose a track that will prepare you for certification as a Personal Financial Specialist.

Albertus Magnus College is accredited by the New England Commission of Higher Education.

  • Master’s in Accounting
  • MBA – Accounting
2 American InterContinental University
GMAT/GRENo
LOCATIONIllinois
ACCREDITATIONHLC
The MBA in Accounting program from American InterContinental University offers classes like Accounting for Managers to help refine your leadership and critical thinking skills. When you earn this degree online, you can take advantage of the school’s Intellipath program, which may allow you to earn credit for previous schooling or professional experience.

American InterContinental University is regionally accredited by the Higher Learning Commission.

  • MBA – Accounting
3 Baker College
GMAT/GRENo
LOCATIONMichigan
ACCREDITATIONHLC
The MBA in Accounting program from Baker College in Michigan includes core business classes like Human Resource Management and Strategy in a Global Environment. In addition, there are accounting-specific classes like Taxation, Accounting for the Contemporary Manager and Financial Accounting. This program highlights critical thinking, ethical behavior and clear communication.

Baker College is accredited by the Higher Learning Commission.

  • MBA – Accounting
4 Bay Path University
GMAT/GRENo
LOCATIONMassachusetts
ACCREDITATIONNECHE
Three concentration options are available for the MS in Accounting at Massachusetts’ Bay Path University: Private Accounting, Public Accounting (Tax and Audit), and Forensic Accounting. Designed for current business professionals, this flexible online program offers start dates throughout the year and doesn’t hold classes during the busiest months for accountants.

Bay Path University is accredited by the New England Commission of Higher Education.

  • Master’s in Accounting
5 Bellevue University
GMAT/GRENo
LOCATIONNebraska
ACCREDITATIONHLC
The MS in Accounting program at Bellevue University in Nebraska includes classes like Accounting Theory, Taxation of Business Entities and Financial Auditing. If you wish, you can add a Tax or Finance concentration to your coursework. To help you gain hands-on experience, there’s an internship component to this degree program.

Bellevue University is accredited by the Higher Learning Commission.

  • Master’s in Accounting
6 Benedictine University
GMAT/GRENo
LOCATIONIllinois
ACCREDITATIONHLC
Illinois’ Benedictine University offers a Masters in Accountancy program that covers both foundational and advanced accounting topics. In addition, you’ll study managerial topics to improve your leadership and organizational skills. Finally, the program includes electives through which you can earn a concentration in Forensic Accounting, Auditing or Tax Accounting.

The University is regionally accredited by the Higher Learning Commission (HLC) of the North Central Association of Colleges and Schools (NCA).

  • Master’s in Accountancy
7 Brenau University
GMAT/GRENo
LOCATIONGeorgia
ACCREDITATIONSACSCOC
For a Master of Accounting program, consider taking online classes from Brenau University in Georgia. Courses include Corporate Taxation, Fraud Prevention and Internal Control, and Nonprofit and Governmental Accounting. After earning this degree, you may be prepared to take the examination to earn your credentials as a Certified Public Accountant or a Certified Management Accountant.

Brenau University is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associates, baccalaureate, masters, specialist and doctoral degrees.

  • Master’s in Accounting
  • Master’s in Organizational Leadership – Managerial Accounting
  • Master’s in Organizational Leadership – Public Accounting
  • MBA – Managerial Accounting
  • MBA – Public Accounting
8 California Baptist University
GMAT/GRENo
LOCATIONCalifornia
ACCREDITATIONWSCUC
In CBU’s online MS in Accounting program, you’ll take core business classes like Financial Management and Quantitative Business Modeling. You’ll also take accounting-specific courses such as Advanced Business Law for Accountants, Contemporary Issues in Accounting and Assurance, and Ethics and Professional Responsibilities for CPAs.

California Baptist University is regionally accredited by the Western Association of Schools and Colleges Senior College and University Commission (WSCUC).

  • Master’s in Accounting
9 Concordia University Wisconsin
GMAT/GRENo
LOCATIONWisconsin
ACCREDITATIONHLC
You can prepare for a career as an auditor or a budget analyst with an MBA in Accounting from Concordia University Wisconsin. The coursework is available online and at several of the school’s campuses. After finishing this program, you may be ready to take the CPA exam.

Concordia University Wisconsin is accredited by the Higher Learning Commission.

  • MBA – Accounting
10 DePaul University
GMAT/GRENo
LOCATIONIllinois
ACCREDITATIONHLC
Illinois’ DePaul University can advance your business skills with an online or on-campus MS in Accountancy. The program includes business courses like U.S. Business Culture and Practice, Principles of Financial Management, and Fundamental Operations Management. You’ll also take classes that cover auditing, taxation, business law and accounting theory.

DePaul University is accredited by The Higher Learning Commission.

  • Master’s in Accountancy
11 Florida Institute of Technology
GMAT/GRENo
LOCATIONFlorida
ACCREDITATIONSACSCOC
You can earn a fully online MBA in Accounting through the Florida Institute of Technology. Managerial accounting, data analysis and cost evaluation are key concepts covered in this program, and you can put your education to practice in business, government, nonprofit or healthcare settings. Classes include Organizational Behavior and Marketing Management.

Florida Tech is accredited by the Southern Association of Colleges and Schools (SACS) Commission on Colleges to award associate, baccalaureate, master’s, education specialist and doctoral degrees.

  • MBA – Accounting
  • MBA – Accounting & Finance
12 Franklin University
GMAT/GRENo
LOCATIONOhio
ACCREDITATIONHLC
When you study online with Franklin University in Ohio, you can choose to pursue a concentration in Taxation or Financial Operations. Alternatively, you will have the option to select a mix of electives from these two concentration tracks. The core courses include Financial Accounting Theory, Management Control Processes and a capstone seminar.

Franklin University is accredited by the Higher Learning Commission.

  • Master’s in Accounting
13 Gardner-Webb University
GMAT/GRENo
LOCATIONNorth Carolina
ACCREDITATIONSACSCOC
The Master of Accountancy program from Gardner-Webb University in North Carolina gives you the opportunity to select your own accounting and business electives. You can earn a generalist degree by taking a variety of electives or choose to focus your classes around an area of specialization. You’ll finish your studies with a capstone course.

Gardner-Webb University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

  • Master’s in Accountancy
14 Indiana Wesleyan University
GMAT/GRENo
LOCATIONIndiana
ACCREDITATIONHLC
For an MS in Accounting at IWU, you’ll take classes like Advanced Auditing, Corporate Taxation, Financial Accounting Theory and Issues, and Advanced Managerial Accounting. Classes at IWU are taught from a Christian perspective, so part of this program involves learning to integrate faith and business endeavors.

Indiana Wesleyan University is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools.

  • Master’s in Accounting
15 Liberty University
GMAT/GRENo
LOCATIONVirginia
ACCREDITATIONSACSCOC
The MS in Accounting program at Virginia’s Liberty University offers a generalist track as well as six specializations. Options include Financial Services, Forensic Accounting, Leadership and Business. Your classes may include Fraud Examination or Leadership Theory. Liberty University is a Christian school, so classes may incorporate biblical principles.

Liberty University is accredited by the Southern Association of Colleges and Schools.

  • Master’s in Accounting – Audit and Financial Reporting
  • Master’s in Accounting -Business
  • Master’s in Accounting – Forensic Accounting
  • Master’s in Accounting – Financial Services
  • Master’s in Accounting – General
  • Master’s in Accounting Leadership
  • Master of Science in Accounting – Taxation
  • MBA – Accounting
16 Maryville University
GMAT/GRENo
LOCATIONMissouri
ACCREDITATIONHLC
Even if your bachelor’s degree isn’t in the accounting field, you can earn an MS in Accounting through Maryville University in Missouri. The bridge program is designed to prepare non-accounting students for master’s-level accounting work. To help you get ready for the CPA test, Maryville’s program uses Becker test-preparation techniques.

Maryville University of Saint Louis is accredited by The Higher Learning Commission.

  • Master’s in Accounting
  • MBA – Accounting
17 Merrimack College
GMAT/GRENo
LOCATIONMassachusetts
ACCREDITATIONNECHE
Studying accounting at Merrimack College in Massachusetts will help you improve your business communication skills, your decision-making abilities and your practical knowledge of financial tools and technology. The online or campus-based MS in Accounting program includes classes like Assurance Services, Marketing Management and Taxation of Business Enterprises.

Merrimack College is accredited by the New England Commission of Higher Education (NECHE).

  • Master’s in Accounting
18 National University
GMAT/GRENo
LOCATIONCalifornia
ACCREDITATIONWSCUC
Even if your bachelor’s degree came from a non-accounting field, you can pursue a Master of Accountancy from National University in California. This degree program, available online and through in-person classes, can prepare you for CPA or other credentialing examinations. You can take additional classes to earn a specialization in Accounting Professional Skills.

National University is accredited by the Western Association of Schools and Colleges (WASC).

  • Master’s in Accountancy
19 Northcentral University
GMAT/GRENo
LOCATIONCalifornia
ACCREDITATIONWSCUC
Test-preparation materials from Wiley CPAexel Platinum help shape the MS in Accounting curriculum at Northcentral University. This fully online program covers topics like auditing, budgeting, laws and regulations, reporting, taxation, and ethical practices. New sessions start throughout the year, so you can begin when it’s most convenient for you.

Northcentral is regionally accredited by the Western Association of Schools and Colleges.

  • Master’s in Accounting
20 Ohio University
GMAT/GRENo
LOCATIONOhio
ACCREDITATIONHLC
You can choose online courses, on-campus courses or a hybrid program to complete your Master of Accountancy from Ohio University. If you don’t have an accounting background, bridge courses can help you make the transition to this field. Core classes for all accounting students include Predictive Analytics and Data Analysis for Decision Making.

Ohio University is accredited by the Higher Learning Commission (HLC, formerly the North Central Association of Colleges and Schools, Commission on Institutions of Higher Education).

  • Master’s in Accountancy
21 Plymouth State University
GMAT/GRENo
LOCATIONNew Hampshire
ACCREDITATIONNECHE
After completing the MS in Accounting program from New Hampshire’s Plymouth State University, you may be ready to take the CPA or CMA examinations. To prepare, you’ll take core classes like Business Law for Accountants and Economic Analysis, and you can also select electives. Options may include Accounting Information Systems and Professional Ethics for Accountants.

Plymouth State University is accredited by the New England Commission of Higher Education (NECHE).

  • Master’s in Accounting
22 Rutgers University
GMAT/GRENo
LOCATIONNew Jersey
ACCREDITATIONMSCHE
New Jersey’s Rutgers University offers two options for obtaining a master’s-level accounting degree. You can enroll part-time in the Master of Accountancy in Professional Accounting program. Alternatively, you can pursue a full-time degree through the MBA in Professional Accounting program. Previous experience in the field is not required for either program.

Rutgers is accredited by the Commission on Higher Education of the Middle States Association of Colleges and Schools.

  • Master’s in Accountancy – Governmental Accounting
23 Saint Joseph’s College of Maine
GMAT/GRENo
LOCATIONMaine
ACCREDITATIONNECHE
Dialogue with faculty and fellow students is an important component of the online Master of Accountancy program from SJC. Courses include Leadership and Relationship Management, International Accounting, and Corporate Financial Management. If you already have a bachelor’s in this field, you may be able to enroll for the school’s Fast Track program.

Saint Joseph’s College is accredited by the New England Commission of Higher Education (NECHE) a non-governmental, nationally recognized organization.

  • Master’s in Accountancy
24 Saint Mary’s University of Minnesota
GMAT/GRENo
LOCATIONMinnesota
ACCREDITATIONHLC
Earning an MS in Accountancy from Saint Mary’s can prepare you to become certified as a CPA or a CMA. This program is available on campus, online or through a blended format. Financial Communication, Accounting Information Systems and Strategic Management Accounting are a few of the courses that you will take.

Saint Mary’s University of Minnesota is accredited by the Higher Learning Commission (HLC).

  • Master’s in Accounting
25 South University
GMAT/GRENo
LOCATIONGeorgia
ACCREDITATIONSACSCOC
Forensic and Fraud Auditing, Intermediate Financial Accounting and Federal Taxation are some of the courses required for earning an MS in Accounting from South University in Georgia. Your studies will wrap up with a capstone course. This fully online program may help you meet your state’s requirements for taking the CPA examination.

South University is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associate, baccalaureate, masters, and doctorate degrees.

  • Master’s in Accounting
26 Southern New Hampshire University
GMAT/GRENo
LOCATIONNew Hampshire
ACCREDITATIONNECHE
The MS in Accounting curriculum at SNHU covers topics like auditing, cost analysis, taxation, business law and accounting technology. When you enroll in this online program, you can select one of four concentrations: Taxation, Auditing, Management Accounting or Forensic Accounting. You’ll complete your studies with a capstone course.

Southern New Hampshire University is accredited by the New England Commission of Higher Education (NECHE).

  • Master’s in Accounting – Auditing
  • Master’s in Accounting – Forensic Accounting
  • Master’s in Accounting – Management Accounting
  • Master’s in Accounting – Taxation
  • Master’s in Accounting Finance
27 Touro University Worldwide
GMAT/GRENo
LOCATIONCalifornia
ACCREDITATIONWSCUC
TUW offers an MBA in Accounting that you can complete fully online. For your degree, you’ll take a mix of core business courses and specialized accounting courses. The accounting classes are Cash Management, Introduction to Financial Accounting, Intermediate Financial Accounting and Accounting Information Systems.

Touro University Worldwide is accredited by the WASC Senior College and University Commission (WSCUC).

  • MBA – Accounting
28 University of Dallas
GMAT/GRENo
LOCATIONTexas
ACCREDITATIONSACSCOC
Through online or campus-based classes, you can earn an MS in Accounting from the University of Dallas in Texas. Your coursework will include Accounting Research Methods, Entity Taxation and Business Communications. The school also offers the option to earn an online or on-campus MBA in Accounting.

The University of Dallas is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award Bachelors, Masters, and Ph.D degrees.

  • Master’s in Accounting
29 University of Maryland University College
GMAT/GRENo
LOCATIONMaryland
ACCREDITATIONMSCHE
You’ll evaluate case-studies and consider real-life examples as you earn your MS in Accounting and Financial Management from the University of Maryland University College, also known as the University of Maryland Global Campus. Core courses in this program include Long-term Financial Management and Investment Valuation. You’ll also take electives and a capstone class.

University of Maryland University College is regionally accredited by the Middle States Commission on Higher Education.

  • Master’s in Accounting and Financial Management
  • Master’s in Accounting and Information Systems
30 University of Scranton
GMAT/GRENo
LOCATIONPennsylvania
ACCREDITATIONHLC
MSCHE
The Masters in Accountancy program at the University of Scranton in Pennsylvania gives you the opportunity to tailor your studies with multiple elective classes. Options may include International Accounting, Financial Reporting and Research, and Occupational Fraud and Abuse. You’ll also take core courses like Managerial Economics and Effective Accounting Communication.

The University of Scranton is accredited by The Middle States Commission on Higher Education (MSCHE).

  • Master of Accountancy – Accounting Analytics
  • Master of Accountancy – Forensic Accounting
31 University of St. Francis
GMAT/GRENo
LOCATION#
Illinois
ACCREDITATIONHLC
With an MBA in Accounting from the University of St. Francis, you can enhance your professional skills and seek career advancement. The program, offered online or on the Illinois campus, consists of core classes, competency-area electives and concentration courses. Accounting-specific classes include Fraud Examination and Financial Statement Analysis.

The University of St. Francis is accredited by the Higher Learning Commission.

  • MBA – Accounting
32 Upper Iowa University
GMAT/GRENo
LOCATIONIowa
ACCREDITATIONHLC
You can earn an MBA in Accounting from Upper Iowa University through online coursework, or you can attend classes on one of the many campuses throughout the country. You’ll take classes like Taxation for Corporations and Advanced Accounting Information Systems, and you’ll be able to choose an elective course.

Upper Iowa University is accredited by the Higher Learning Commission (HLC).

  • MBA – Accounting
33 Utica College
GMAT/GRENo
LOCATIONNew York
ACCREDITATIONMSCHE
New York’s Utica College offers two options for a graduate accounting degree. You can take online classes in pursuit of an MS in Accounting, or you can take campus-based courses for an MBA in Professional Accounting. For the online program, your classes will include Quantitative Analysis for Management and Advanced Corporate Finance.

Utica College is accredited by the Commission on Higher Education of the Middle States Association of Colleges and Schools.

  • Master’s in Accounting
34 Walden University
GMAT/GRENo
LOCATIONMinnesota
ACCREDITATIONHLC
While working toward your online MS in Accounting from Walden University, you’ll also earn a graduate certificate. There are two tracks from which to choose: Accounting for the Professional and Accounting with CPA Emphasis. Another online degree option from Walden University is the MBA in Accounting program.

Walden has been accredited by The Higher Learning Commission (HLC) since 1990.

  • Master’s in Accounting
35 Western Governors University
GMAT/GRENo
LOCATIONUtah
ACCREDITATIONNWCCU
After getting your MS in Accounting degree from Western Governors University, you may be able to register for the Certified Public Accountant, Certified Management Accountant or Certified Internal Auditor examinations. Throughout your studies, you’ll complete projects, papers and other assessments. Your coursework will end with a capstone project to demonstrate what you’ve learned.

Western Governors University is accredited by the Northwest Commission on Colleges and Universities (NWCCU).

  • Master’s in Accounting
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