Master’s in Accounting vs. MBA: Explaining the Difference for 2025

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Many students are unsure about the differences between a master's in accounting and an MBA. They want to know which degree leads to better careers. Recent studies show that the largest portion of graduate degrees in business is in business management and administration (28%). Accounting comes in third at 17%, indicating the popularity of both fields.

The experienced team at Research.com has helped many people plan their careers for over ten years. This article uses only reliable information to share that expertise. By reading on, you will clearly understand what each degree focuses on and the career paths they offer. This knowledge will help you make a smart choice for your future career goals.

Key Things You Should Know About Master’s in Accounting vs. MBA

A master's in accounting provides specialized and in-depth education focused on technical accounting skills, contrasting with an MBA's broad curriculum covering various business functions like management, marketing, and finance.
Completing a full-time master's in accounting typically takes 12-24 months, similar to the 18-24 months for a traditional full-time MBA, though both offer accelerated and part-time options with varying durations.
While both degrees offer online programs, there are generally more online MBA options available, a disparity highlighted by a significant 64% application surge reflecting the value candidates place on flexibility and accessibility.

What are the fundamental differences between a master's in accounting and an MBA?
How long does it take to complete a master’s in accounting versus an MBA?
How does the curriculum of a master's in accounting differ from the core MBA curriculum?
Are there significant differences in the availability of online programs for master’s in accounting and MBA?
How much does a master’s in accounting cost compared to an MBA?
What financial aid options are available for master’s in accounting students vs. MBA students?
What jobs can you get with a master’s in accounting vs. an MBA?
What is the long-term return on investment for these degrees?
What accreditation and certification factors impact career outcomes?
What strategies can accelerate career success after graduation?
How do employers perceive the leadership potential of master’s in accounting and MBA graduates?
Do MBA graduates typically reach senior management roles faster than those with a master's in accounting?
What are the job market trends for master’s in accounting and MBA graduates?
Other Things You Should Know About Master’s in Accounting vs. MBA

What are the fundamental differences between a master's in accounting and an MBA?

Choosing between a master’s in accounting and an MBA is a common crossroads for those interested in advancing their business careers. When it comes to depth versus breadth, a master’s in accounting offers a deep, specialized education focused specifically on accounting. The coursework is highly technical and detailed, equipping students with the advanced skills required for specialized roles in accounting and finance.

In contrast, an MBA provides a broad-based business education. It covers a wide array of business functions such as management, marketing, operations, and finance. This approach is designed to produce well-rounded professionals who are prepared to work in many different fields, not just accounting.

When evaluating career-oriented graduate degrees, it’s helpful to compare other options like MS organizational leadership vs MBA. While both an MBA and a Master’s in Accounting focus on business principles, organizational leadership degrees concentrate on team dynamics and strategic influence rather than finance or quantitative analysis.

How long does it take to complete a master’s in accounting versus an MBA?

A master’s degree in accounting and an MBA are two popular graduate options for advancing a career in business or finance. While both can open doors to leadership roles, they differ in focus and in the time required to complete each program.

Master’s in Accounting

Most full-time master’s in accounting programs take between 12 and 24 months to complete.
Some universities offer accelerated tracks that can be finished in as little as 10–12 months.
Part-time students may take 2–5 years, depending on their course load and schedule flexibility.
Online and hybrid options can further adjust the duration, allowing students to tailor the pace to their needs.

MBA

A traditional full-time MBA program typically lasts about 18–24 months.
Accelerated MBA programs are available and can be completed in as little as one year.
Part-time and executive MBA programs often take 3–5 years, as these are designed for working professionals attending classes in the evenings or on weekends.

How does the curriculum of a master's in accounting differ from the core MBA curriculum?

A master's in accounting and an MBA offer distinct approaches to graduate business education, reflected in their core curricula. Below are their key differences:

Key Differences in Curriculum

A master’s in accounting curriculum focuses intensively on accounting and closely related topics. Its core courses typically include:

Financial reporting (multiple levels): It involves disclosing a company’s financial information through statements such as the balance sheet, income statement, and cash flow statement.
Managerial and cost accounting: It focuses on providing financial and non-financial information to internal management for decision-making, planning, and control.
Auditing and assurance services: It is a systematic process of evaluating a company’s financial records and operations to ensure compliance with accounting standards and to detect errors or fraud.
Federal income tax: Federal income tax courses cover the principles and regulations governing the taxation of individuals and business entities in the United States.

On the other hand, an MBA covers a broad range of business disciplines to prepare students for leadership roles across industries. Its core courses generally include:

Managerial finance: It focuses on the principles and techniques managers use to make financial decisions within organizations.
Marketing management: It covers the strategies and processes involved in identifying customer needs and delivering value through products and services.
Leadership and teamwork: These courses explore the dynamics of leading individuals and groups within organizations.

Data analytics and modeling: These crucial skills involve using statistical techniques, software tools, and data visualization to interpret and analyze business data, forming a foundational element in understanding how to become a data analytics manager.

Are there significant differences in the availability of online programs for master’s in accounting and MBA?

The availability of online MBA and master's in accounting programs presents a notable contrast in the landscape of graduate business education. While both fields have embraced digital platforms to cater to working professionals and flexible learners, online MBA programs generally exhibit greater prevalence, making the search for the best online MBA a more expansive endeavor. This disparity in availability stems, in part, from the broader appeal of the MBA, which attracts a larger and more diverse pool of candidates aspiring to a wide array of business career paths. Underscoring this trend, a significant 64% surge in online MBA applications signals a fundamental evolution in graduate management education, highlighting the increasing value candidates place on flexibility, technological integration, and accessibility—hallmarks of online MBA programs.

Nevertheless, the growing number of robust and expanding online accounting master's programs effectively addresses the strong demand for skilled accountants as online education gains increasing traction. Consequently, while students pursuing either degree will encounter numerous reputable online learning opportunities, the spectrum of choices tends to be wider for those interested in an MBA. This robust demand for online MBAs is further evidenced by the fact that, for the second consecutive year, over half of U.S. online MBA programs experienced application growth—a significant turnaround from previous years of decline.

How much does a master’s in accounting cost compared to an MBA?

The cost of a master’s in accounting is generally lower than that of an MBA, though both degrees offer a wide range of tuition rates depending on the institution and program format.

Master’s in Accounting Costs

Public universities: Average around $12,600 for the entire program.
Private institutions: Average about $28,000 for the full degree.
Most affordable online programs: Some start as low as $7,000–$15,000 for the full program.

MBA Costs

Most affordable online MBA programs: Range from about $3,855 to $14,490 for the full program at select public institutions.
Average online MBA tuition: About $4,964 per year, with many programs totaling $10,000–$36,000 for completion.

National average for all MBA programs: The average cost of an MBA is $61,800, but prestigious programs can exceed $100,000.

Students concerned about tuition may consider alternatives like the most affordable online master's in organizational leadership, which can offer a leadership-focused education at a lower cost. Comparing price points across different graduate programs helps assess value and ROI, especially when budget is a deciding factor.

What financial aid options are available for master’s in accounting students vs. MBA students?

Both master’s in accounting and MBA students have access to a wide range of financial aid options. However, there are some differences in the types and prevalence of aid available for each program.

Financial Aid for Master’s in Accounting Students

Scholarships: Many schools and external organizations offer scholarships specifically for accounting students. These can be merit-based, need-based, or targeted toward underrepresented groups in the profession.
Graduate Assistantships: Some programs, especially on-campus, offer teaching or research assistantships that provide tuition reductions and stipends in exchange for part-time work.
Fellowships: Select programs offer fully funded fellowships, sometimes aimed at increasing diversity in the field.
Grants: Need-based grants may be available through the school or external sources.
Loans: Federal and private student loans are available to eligible students, often accessed by completing the FAFSA.

External Scholarships: National accounting organizations, such as the American Institute of Certified Public Accountants (AICPA), the Public Company Accounting Oversight Board (PCAOB), and private foundations, offer competitive scholarships for graduate accounting students.

Financial Aid for MBA Students

School-Based Scholarships and Fellowships: Top MBA programs offer a mix of need-based and merit-based scholarships, often automatically considered with the application.
Federal and Private Loans: MBA students commonly use federal student loans (via FAFSA) and private loans to finance their education.
Employer Sponsorship: Some MBA students receive partial or full tuition support from their employers, especially if the degree is related to their current job.
Specialized Fellowships: Many programs offer fellowships for students pursuing specific career paths (e.g., entrepreneurship, social enterprise) or from underrepresented backgrounds.
Graduate Assistantships: Less common than in accounting programs, but some MBA programs offer assistantships or apprenticeships with tuition benefits.

External Scholarships: There are scholarships available from business associations, foundations, and other organizations, though these are often less targeted than those for accounting students.

What jobs can you get with a master’s in accounting vs. an MBA?

A master’s in accounting and an MBA open doors to different career paths, each with distinct earning potential and job opportunities.

Jobs With a Master’s in Accounting

Staff Accountant

A staff accountant prepares financial reports, maintains ledgers, manages accounts payable and receivable, and ensures compliance with accounting standards. The average annual salary for this role is $66,994.

Accounting Manager

An accounting manager oversees accounting operations, manages the month-end close process, supervises accounting staff, and ensures the accurate preparation of financial reports; the average annual salary for this role is $95,659.

Project Accountant

A project accountant manages the financial aspects of projects, tracks revenue and expenses, maintains asset records, and ensures compliance with relevant regulations; the average annual salary for this position is $71,914.

Controller

A controller leads the accounting department, manages internal financial controls, and directs the organization's financial planning and analysis; the average annual salary for management-level roles is $119,497.

Jobs With an MBA

Management Consultant

A management consultant advises organizations on methods to improve efficiency, solve business problems, and implement strategies to achieve growth; the average annual salary for this profession is $63,292.

Marketing Manager

A marketing manager oversees marketing campaigns, develops strategies to promote products or services, and analyzes market trends to inform business decisions; the average annual salary for this role is $83,488.

Operations Manager

An operations manager manages the day-to-day activities of a business, coordinates efforts between different departments, and ensures operational processes run efficiently to achieve organizational goals; the average annual salary for this position is $63,456.

Financial Analyst

A financial analyst analyzes financial data, prepares comprehensive reports, and provides insightful recommendations to assist organizations in making well-informed investment and budgeting decisions; the average annual salary for this role is $88,111.

Meanwhile, the chart below shows how education level affects accountant salaries.

Both accounting and MBA graduates enjoy broad career options, but those exploring finance-specific roles may wonder what can a masters in finance do for you. That degree typically leads to positions in investment banking, risk management, or financial planning—complementing the career paths discussed here.

What is the long-term return on investment for these degrees?

Analyzing long-term ROI involves assessing career trajectory milestones, including starting salaries, mid-career earnings, and potential executive compensation. Master’s in accounting programs tend to offer a direct pathway to technical expertise and certification readiness, whereas MBA programs provide a comprehensive business education that can accelerate access to senior leadership roles. Evaluating factors such as tuition investment, opportunity costs, and the value of specialized certifications is essential for a balanced comparison. Additionally, candidates may explore affordable online accounting programs to diversify their skill set and strengthen their long-term career value.

What accreditation and certification factors impact career outcomes?

Evaluating program accreditations and certification pathways is crucial for aligning educational investments with long-term career goals. MBA programs often boast AACSB or ACBSP accreditation, reflecting a commitment to comprehensive business education and industry-recognized standards. In contrast, master’s in accounting programs may prioritize accreditations that reinforce technical rigor and facilitate certification, particularly for careers targeting CPA or CMA credentials. Analyzing these factors helps prospective students ensure that their chosen pathway meets professional benchmarks and enhances market competitiveness. Additionally, candidates seeking to build foundational skills alongside advanced qualifications can explore cheapest online accounting associate degree programs.

What strategies can accelerate career success after graduation?

Graduates can enhance their long-term career trajectory by pursuing targeted professional development opportunities and actively engaging in mentorship programs. Leveraging industry-specific certifications, such as the CPA for accounting professionals or specialized leadership training for MBA holders, provides a measurable advantage in meeting advanced role requirements. In addition, cultivating robust alumni networks and staying informed about emerging technologies and regulatory shifts positions professionals to adapt quickly to evolving market demands. For instance, aligning technical expertise with strategic insights may enable accounting specialists to explore roles among the highest paid types of accountants, while MBA graduates can build on their comprehensive business education to secure competitive executive positions.

How do employers perceive the leadership potential of master’s in accounting and MBA graduates?

Employers generally perceive MBA graduates as having stronger leadership potential compared to master’s in accounting graduates, largely due to the broader management and strategic skills emphasized in MBA programs. MBA graduates are seen as versatile, strategic thinkers with strong communication and interpersonal skills, making them attractive for fast-track leadership roles and upper-level positions.

In contrast, while master’s in accounting graduates are valued for their technical expertise, employers do not expect them to fill as many leadership-track roles as MBA graduates, especially in the U.S. Employers prioritize soft skills-such as teamwork, adaptability, and decision-making, when assessing leadership potential. So, MBA graduates, including those with an MBA human resources online, are more likely to be seen as prepared in these areas.

What significant increase did applications to accounting master's programs see?

Do MBA graduates typically reach senior management roles faster than those with a master's in accounting?

MBA graduates typically reach senior management roles faster than those with a master's in accounting. Below are a few reasons why:

Reasons MBA Graduates Often Advance Faster to Senior Management

Strategic Skills: MBA programs focus extensively on strategic thinking, leadership development, decision-making, and innovation, which are critical for senior management roles such as Chief Executive Officer (CEO), Chief Financial Officer (CFO), or Vice President. These skills enable MBA graduates to drive organizational success and adapt to various industries and business challenges, potentially even pursuing further academic endeavors such as a PhD in organizational leadership to deepen their expertise.
Broader Career Flexibility: MBAs are trained to work across multiple functions- finance, marketing, operations, strategy- allowing them to pivot easily into senior roles in diverse industries like consulting, technology, healthcare, and entrepreneurship.

Networking Opportunities: MBA programs often provide extensive professional networks and alumni connections that can open doors to senior roles more quickly than a specialized accounting degree might.

Timing can influence upward mobility. Knowing what is a good age for an MBA helps professionals plan strategically for leadership roles. Early to mid-career students may benefit more from the networking and management training embedded in MBA programs, which can accelerate access to executive positions.

What are the job market trends for master’s in accounting and MBA graduates?

The job market trends for Master's in Accounting and MBA graduates present a nuanced landscape. Here's a breakdown:

Master’s in Accounting

Strong Demand: The accounting profession is projected to grow 6% from 2023 to 2033, faster than the average for all occupations, with about 130,800 job openings annually for accountants and auditors. This steady growth is driven by ongoing organizational needs for financial accuracy, regulatory compliance, and specialized accounting expertise.
Increased Applications: Applications to accounting master's programs saw a significant 19% increase in 2024. About 72% of U.S. master's in accounting programs reported growth in applications.
Gender Distribution Statistics: 61.8% of accountants are women, and 38.2% of accountants are men.

MBA

Dynamic Evolution: The global job market for MBA graduates is currently undergoing a dynamic evolution. This period of transition is creating opportunities for MBAs to adapt and explore roles beyond traditional tech and consulting sectors, where hiring cycles are adjusting. While job search timelines have extended to an average of 6–9 months, this reflects a more considered and potentially strategic approach to talent acquisition, opening doors for MBAs with diverse skill sets and adaptability.
Acceptance Rate: An average of 18.4% of applicants are accepted into MBA programs. This acceptance rate fluctuates depending on a school's prestige, its public or private affiliation, and whether the program is online or in-person.
Male vs. Female Salaries: On average, male MBA graduates earn 20% more annually than their female counterparts. This translates to an average salary of $180,000 for men compared to $150,000 for women with an MBA. Notably, this earnings gap persists across different levels of experience.

Meanwhile, the chart below shows the employment distribution of workers with a business degree, by occupational group, in 2022.

Here’s What Graduates Have to Say About Master’s in Accounting vs. MBA

The Master’s in Accounting provided me with a deep understanding of financial principles and the technical skills I use daily in my role. While some peers with MBAs took a broader management approach early on, my specialized knowledge allowed me to contribute meaningfully to complex financial projects right away, which built my confidence and career trajectory. - Raymond

Choosing the MBA felt like opening a door to diverse industries and strategic thinking. Although some accounting-focused roles initially required more specific technical expertise, the MBA curriculum equipped me with leadership abilities and a holistic business perspective that has been invaluable as I've advanced into management. The connections I made were also a significant asset. - Isabelle

For me, the Master’s in Accounting offered a clear pathway to a fulfilling career in a field I find intellectually stimulating. While MBA programs often emphasize a wider business scope, the focused curriculum of my MSA allowed for in-depth learning and prepared me directly for the CPA exam and the intricacies of financial reporting, giving me a strong sense of accomplishment. - Kenji

Key Findings

The largest portion of graduate degrees in the business field is in Business Management and Administration (28%).
Accounting degrees represent the third-largest portion of graduate degrees in the business field at 17%.
Applications to accounting master's programs saw a significant 19% increase in 2024.
The cost of a Master's in Accounting at public universities averages around $12,600 for the entire program.
On average, male MBA graduates earn 20% more annually ($180,000) than female MBA graduates ($150,000).

Other Things You Should Know About Master’s in Accounting vs. MBA

Which is better, an MBA or a master’s in accounting?

An MBA is generally better if you seek broad business leadership roles or want flexibility across industries. At the same time, a master’s in accounting is ideal if you aim to become a specialized accounting professional or pursue a CPA license. The MBA offers a wider skill set and networking opportunities, making it suitable for management or entrepreneurial paths. In contrast, the master’s in accounting provides deep expertise for auditing, taxation, or corporate accounting careers. Your choice depends on your career goals and interests.

Is a master’s worth it in accounting?

Yes, a master’s in accounting is worth it if you want to advance in the accounting field, meet CPA requirements, or increase your earning potential. This degree provides specialized knowledge, enhances job prospects, and can lead to higher-level positions in auditing, tax, or corporate finance. Employers often prefer candidates with advanced degrees, and many states require 150 credit hours for CPA eligibility, which a master’s program can help fulfill. Ultimately, its value depends on your professional goals and commitment to the field.

Can I be an accountant with an MBA?

Yes, you can be an accountant with an MBA, especially if you choose an MBA program with a concentration in accounting or taxation. An MBA provides a broad business education and, with the right coursework, can prepare you for accounting roles such as management accountant, tax specialist, or even CPA if you meet state licensure requirements. However, a specialized master’s in accounting may offer deeper technical expertise specifically tailored for accounting careers.

Which is the lowest degree in accounting?

The lowest degree in accounting is typically an associate’s degree, which is a two-year program that prepares you for entry-level roles such as bookkeeper, accounting clerk, or auditing clerk. While a bachelor’s degree is usually required for professional accountant positions and CPA eligibility, an associate’s degree can help you start working in the field and gain foundational skills. Some entry-level jobs may even accept a high school diploma with relevant training, but an associate’s degree offers a stronger pathway into accounting careers.