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2025 Most Affordable Online Accounting Degree Programs Ranking in Minnesota

Paweł Dąbrowski, Phd

by Paweł Dąbrowski, Phd

Higher Education Data Scientist

Imed Bouchrika, Phd

by Imed Bouchrika, Phd

Chief Data Scientist & Ranking Editor

What can I expect from a Online Accounting degree in Minnesota ?

As a prospective student in Minnesota considering an online accounting degree, you can expect a flexible and comprehensive education that prepares you for a career in accounting, with a strong foundation in technical skills, such as accounting principles, accounting software fundamentals, and business basics. For instance, graduates from the University of Minnesota's online accounting program have reported feeling confident in their ability to apply theoretical concepts to real-world scenarios, thanks to the program's emphasis on hands-on experience and project-based learning. Some of the key aspects of online accounting degree programs in Minnesota include:

  • Developing essential business skills, such as critical thinking, communication, and decision-making, which are crucial for success in the field of accounting, as noted by graduates from St. Cloud State University's online accounting program, who have praised the program's focus on developing well-rounded professionals
  • Gaining specialized knowledge in areas like forensic accounting, taxation, public accounting, and auditing, which can be achieved through concentrations or specific areas of study offered by online accounting programs, such as those at Minnesota State University, Mankato
  • Acquiring essential skills, such as analytical and critical thinking, technological proficiency, and ethical awareness, which are highly valued by employers in the accounting field, as reported by graduates from the University of St. Thomas's online accounting program, who have secured jobs at top accounting firms in Minnesota
  • Working on projects that involve using different software and technological resources, giving you hands-on experience and preparing you for various career paths, including financial examiner, public accountant, forensic accountant, auditor, and tax preparation expert, as experienced by graduates from Bemidji State University's online accounting program, who have gone on to work in these roles*Enjoying a relatively affordable tuition rate, with many programs available for around $220 per credit hour, making it a viable option for students in Minnesota, with the total cost ranging from a few thousand dollars to around $15,000, as noted by graduates from Metropolitan State University's online accounting program, who have appreciated the flexibility and affordability of the program.

Where can I work with a Online Accounting degree?

With an Online Accounting degree from a Minnesota university, such as the University of Minnesota or St. Cloud State University, the job opportunities are vast and diverse, spanning across various industries. Many graduates have found themselves working in financial institutions, such as banks and credit unions, where they can take on roles like financial analysts, with an average annual salary of $99,010. For instance, some graduates from the University of St. Thomas have shared their experiences of working as accountants in healthcare facilities, like nursing homes and hospitals, where they utilize their skills to optimize financial resources. Others have found employment in educational institutions, like colleges and universities, where they work with financial data and contribute to the management of these organizations.

Some of the typical jobs that Online Accounting degree holders from Minnesota can expect to work in include:

  • Financial institutions, such as banks and credit unions, where they can work as financial analysts or accountants
  • Healthcare facilities, like nursing homes and hospitals, where they can work as accountants, accounts payable specialists, or budget analysts
  • Educational institutions, like colleges and universities, where they can work with financial data and contribute to the management of these organizations
  • Consulting firms, where they can apply their knowledge to help clients make informed financial decisions, with consultants earning an average annual salary of $99,580
  • Government agencies, public accounting firms, and private-sector organizations, including finance and insurance industries, where financial managers can earn a median annual salary of $156,100. Graduates from Minnesota State University, Mankato, have reported feeling excited and fulfilled in their roles as financial advisors, with an average annual salary of $99,580, or business operations managers, applying their knowledge of financial analysis and accountingprinciples to drive business growth. Many have also found opportunities in other industries, such as sports and non-profit organizations, where they can apply their skills in financial analysis, budgeting, and financial management.

How much can I make with a Online Accounting degree in Minnesota ?

As a career counselor, I've had the pleasure of guiding numerous students from universities like the University of Minnesota and Minnesota State University, who have pursued online Accounting degrees and gone on to secure lucrative jobs. For instance, graduates from these institutions have shared with me their excitement and relief when they landed their first job as Staff Accountants, with a mean annual wage of $86,740. This figure is not only a testament to the value of an Accounting degree but also a reflection of the skills and knowledge that employers in Minnesota are willing to pay for. Some of the key takeaways from these graduates' experiences include:• A mean hourly wage of $41.7 for Staff Accountants, which translates to a comfortable lifestyle and financial stability• The opportunity to work with reputable companies and organizations in Minnesota, such as the 3M Company or the State of Minnesota government• The chance to apply theoretical knowledge to real-world scenarios, making a tangible impact on businesses and communities

Similarly, Bookkeepers in Minnesota can expect a mean annual wage of $47,440, with a mean hourly wage of $22.81. I recall speaking with a graduate from St. Cloud State University, who was thrilled to land a Bookkeeping job with a small business in Minneapolis, where they were responsible for managing financial records and ensuring compliance with regulations. This experience not only honed their technical skills but also taught them the importance of attention to detail and organizational skills. Some of the benefits of pursuing a career as a Bookkeeper in Minnesota include:• The opportunity to work with a variety of clients, from small businesses to non-profit organizations• The chance to develop strong analytical and problem-solving skills, which are highly valued by employers• The potential to advance to senior roles, such as Accounting Manager or Financial Controller, with experience and additional education

Overall,the job prospects for online Accounting degree graduates in Minnesota are promising, with a range of career paths and salary options available. By pursuing an Accounting degree from a reputable institution, students can gain the skills and knowledge needed to succeed in this field and enjoy a rewarding and challenging career.

Table of Contents

2025 Most Affordable Online Accounting Degree Programs Ranking in Minnesota

# 1 position

College logo

The University of St. Thomas offers a Master's degree in Business Administration online, with a focus on Accounting and Business. The program has a graduation rate of 78% and an acceptance rate of 76%. The average total cost is $52,740, with 97% of students receiving financial aid. The program lasts for 104 months. While the number of online students enrolled is not available, prospective students can expect a comprehensive and flexible education in business administration from this reputable institution.

Program Length
104
Financial Aid for online learning
Yes
% of student receiving financial aid
97
Cost per credit
1172
Required Credits to Graduate
45
Accreditation
Data not available

# 2 position

College logo

Concordia University, St. Paul offers a Bachelor's degree program with a focus on Accounting and Business. The program has a graduation rate of 53% and can be completed in 7 months. The average total cost is $50,400, with 100% of students receiving financial aid. The acceptance rate is 68%, and there are 2,650 online students enrolled. This program provides a comprehensive education in accounting and business, preparing students for successful careers in these fields.

Program Length
7
Financial Aid for online learning
Yes
% of student receiving financial aid
100
Cost per credit
420
Required Credits to Graduate
120
Accreditation
Data not available

What Online Accounting degree graduates have to say

  • Samuel: I'm thrilled to share my experience with the online Accounting degree program at the University of Minnesota! As a working professional, I needed a flexible schedule to balance work and study, and the U of M's online program delivered. With a strong focus on experiential learning, I was able to apply theoretical concepts to real-world scenarios, making the learning experience incredibly engaging. The program's emphasis on data analytics and financial reporting also gave me a competitive edge in the job market. I was able to network with professionals in the field, attend virtual career fairs, and even landed a job at a top accounting firm in Minneapolis before graduation! The online community was supportive, and I felt connected to my peers and instructors throughout the program. I'm so grateful for the opportunity to have studied at the U of M and would highly recommend it to anyone looking for a top-notch online Accounting degree in Minnesota.
  • Patricia: As I reflect on my time in the online Accounting program at St. Cloud State University, I'm reminded of the countless moments of excitement and discovery. The program's curriculum was carefully crafted to provide a comprehensive understanding of accounting principles, and the online format allowed me to learn at my own pace. I appreciated the emphasis on critical thinking and problem-solving, which helped me develop a strong foundation in financial analysis and planning. The instructors were knowledgeable and responsive, and the online discussion forums provided a platform for meaningful interactions with my peers. One of the highlights of the program was the opportunity to participate in a virtual internship, which gave me hands-on experience with accounting software and systems. I was impressed by the program's commitment to staying up-to-date with industry trends and technologies, and I feel confident that my degree from St. Cloud State has prepared me for success in the accounting field.
  • Carol:Oh my goodness, I just can't say enough about my experience with the online Accounting degree program at Minnesota State University, Mankato! It was truly a life-changing experience that exceeded my expectations in every way. From the moment I started, I felt supported and encouraged by the instructors and staff, who were always available to answer questions and provide guidance. The online format was incredibly convenient, allowing me to balance school with work and family responsibilities. I loved the variety of courses, which covered everything from financial accounting and taxation to auditing and financial management. The program's focus on professional development and ethics also helped me develop a strong sense of purpose and responsibility as an accounting professional. I was amazed by the sense of community that developed among my fellow online students, and we formed a strong bond that lasted throughout the program. If you're considering an online Accounting degree in Minnesota, I would highly recommend MSU, Mankato - it's an experience you won't regret!

How long does it take to complete a Online Accounting degree in Minnesota ?

Completing an online Accounting degree in Minnesota can take anywhere from two to six years, depending on the level of degree and the student's prior education and experience. For instance, an Associate's degree in Accounting from a university like North Hennepin Community College can be completed in two years, with 60-70 credits required for graduation. Some graduates from this program have reported being able to start their careers as accounting clerks or bookkeepers immediately after graduation, with median salaries ranging from $40,000 to $60,000 per year. Key highlights of an Associate's degree in Accounting include:

  • Preparing students for entry-level positions in accounting
  • Covering foundational courses in financial accounting, managerial accounting, and taxation
  • Providing a solid foundation for further education or certification, such as the Certified Public Bookkeeper (CPB) credential

On the other hand, a Bachelor's degree in Accounting from a university like the University of Minnesota Duluth typically takes four years to complete, with 120-130 credits required for graduation. Graduates from this program have gone on to pursue careers as certified public accountants (CPAs), management accountants, or financial analysts, with median salaries ranging from $60,000 to over $100,000 per year. Some notable aspects of a Bachelor's degree in Accounting include:

  • Preparing students for professional certification, such as the CPA exam
  • Covering advanced courses in auditing, financial management, and accounting information systems
  • Providing opportunities for internships or co-op experiences with top accounting firms in Minnesota, such as Ernst & Young or Deloitte

For those looking to advance their careers or transition into leadership roles, a Master's degree in Accounting from a university like the University of St. Thomas can be completed in one to two years, with 30-40 credits required for graduation. Graduates from this program have reported feelingempowered to take on new challenges and pursue their passions, whether that's starting their own accounting firm or leading a team of accountants in a Fortune 500 company. Some key benefits of a Master's degree in Accounting include:

  • Enhancing career opportunities and earning potential
  • Developing advanced skills in areas like taxation, auditing, or forensic accounting
  • Providing a competitive edge in the job market, with many graduates going on to work for top accounting firms or corporations in Minnesota.

Accreditation and Professional Recognition

Accreditation is a critical factor when evaluating online accounting degree programs in Minnesota, as it assures you and future employers of a program’s academic quality and industry relevance. Most reputable Minnesota institutions are regionally accredited by the Higher Learning Commission (HLC), a hallmark of rigorous standards in curriculum, faculty qualifications, and student support. Beyond regional approval, many finance-focused programs pursue specialized accreditation from bodies such as the Association to Advance Collegiate Schools of Business (AACSB), the Accreditation Council for Business Schools and Programs (ACBSP), or the International Accreditation Council for Business Education (IACBE). AACSB accreditation, in particular, signals that a program meets elite global benchmarks for research, teaching, and student outcomes in accounting and business education. Choosing an accredited program not only ensures transferability of credits between institutions but also affects your eligibility for federal financial aid and professional certifications. State boards of accountancy typically require graduation from an accredited bachelor’s program before sitting for the Certified Public Accountant (CPA) exam, and employers often prioritize candidates from well-recognized programs. Additionally, programmatic accreditation can offer specialized benefits—such as access to cutting-edge research resources, networking opportunities with faculty and alumni, and partnerships with leading accounting firms. For students seeking a more affordable entry point into the field, associate-level credentials from regionally accredited colleges provide a solid foundation in accounting principles and can often be applied toward a bachelor’s degree later. To explore these options, consider our list of best affordable online accounting associate degrees, which highlights cost-effective pathways that meet accreditation standards. Before enrolling, verify each program’s accreditation status on the U.S. Department of Education’s Database of Accredited Postsecondary Institutions and Programs (DAPIP) or the Council for Higher Education Accreditation (CHEA) directory. By confirming both regional and specialized accreditation, you’ll safeguard your investment and position yourself for seamless credit transfers, financial aid eligibility, and a competitive edge in Minnesota’s dynamic accounting job market.

What’s the difference between online and on-campus Accounting degree?

The difference between online and on-campus Accounting degree programs in Minnesota lies in the flexibility and accessibility they offer. For instance, online Accounting degree programs at universities like the University of Minnesota Crookston or St. Cloud State University provide students with the opportunity to complete coursework on their own schedule, which is particularly beneficial for working professionals or those with family commitments. In contrast, traditional on-campus programs require students to attend classes at a fixed time and location, which can be limiting for some. According to the National Center for Education Statistics, in 2019, about 33% of students in Minnesota were enrolled in online or distance education courses, highlighting the growing demand for flexible learning options.

Some key differences between online and on-campus Accounting degree programs in Minnesota include:

  • Flexibility: online programs allow students to complete coursework at their own pace, while on-campus programs require a fixed schedule
  • Accessibility: online programs can be accessed from anywhere, while on-campus programs require students to be physically present
  • Interaction: on-campus programs provide face-to-face interaction with instructors and peers, while online programs often rely on digital communication tools
  • Cost: online programs can be more cost-effective, as students save on commuting and relocation costs

Graduates from popular universities in Minnesota, such as the University of St. Thomas or Minnesota State University, Mankato, have reported that online Accounting degree programs have provided them with the skills and knowledge needed to succeed in their careers. For example, a graduate from the University of Minnesota Duluth's online Accounting program noted that the flexibility of the program allowed them to balance work and family responsibilities while pursuing their degree. With the Bureau of Labor Statistics predicting a 6% growth inemployment opportunities for accountants and auditors in Minnesota from 2020 to 2030, the job prospects for Accounting graduates in the state are promising. As students embark on their educational journey, they can feel confident that their degree will open doors to new opportunities and provide them with the skills and knowledge needed to achieve their career goals.

What is the average cost of a Online Accounting degree in Minnesota ?

So, you're considering pursuing an online accounting degree in Minnesota - that's a great choice! The cost of getting a degree can vary, but based on the latest data, the median total cost for an online accounting degree in Minnesota is $51,570. This is a significant investment, but it's essential to consider the potential return on investment. For instance, graduates from popular universities like the University of Minnesota or Minnesota State University have reported higher-than-average earnings after completing their degrees. Some graduates from colleges like Dakota County Technical College have even reported earning up to $40,800 just two years after graduating. When researching the online accounting degree cost in Minnesota, it's crucial to weigh the costs and benefits.

Here are some key points to consider when thinking about the cost of an online accounting degree in Minnesota:

  • The median in-state public tuition for accounting programs is $6,892, which is relatively affordable compared to other states.
  • The median out-of-state private tuition is $32,084, which is significantly higher, but may still be worth considering for the quality of education and career opportunities.
  • Online programs can be a cost-effective option, with many universities and colleges in Minnesota offering flexible and affordable online accounting degrees. Understanding the average cost of accounting degree online is vital to making an informed decision about your educational investment.

It's exciting to think about the career opportunities available to accounting graduates in Minnesota. With the right skills and knowledge, you could land a job at a top accounting firm or company in the state. Many graduates have reported feeling a sense of pride and accomplishment after completing their degrees and starting their careers. For example, some graduates from the University of St. Thomas have reported feeling confident and prepared for the workforce, thanks to the university's strongreputation and career resources. Additionally, some accounting programs may also offer specialized courses or certifications, such as certified public accountant (CPA) or risk management programs, which can further enhance your career prospects. Overall, pursuing an online accounting degree in Minnesota can be a smart investment in your future, with many potential benefits and career opportunities waiting for you.

Career Launch and Professional Growth

As you complete your online accounting degree in Minnesota, setting a strong foundation for long-term career success becomes essential. In this section, we explore actionable strategies to transition smoothly from academia to the professional world. Start by cultivating a robust professional network; attend industry webinars, join accounting associations, and leverage platforms like LinkedIn to connect with leaders in the field. Additionally, consider internships and mentorship programs that offer practical experience and critical insights into the day-to-day operations of accounting roles. Certifications such as the CPA or CMA further bolster your resume and signal your expertise to potential employers. Moreover, explore specialized roles that align with your strengths and interests. For example, if you are drawn to operational finance, learn more about the responsibilities and advantages of roles like payroll accountant description to gain a clearer picture of the career paths available. Staying informed about industry trends, technological advancements, and regulatory changes is also crucial, so consider subscribing to reputable accounting journals and attending virtual conferences. By embracing these growth strategies, you can position yourself as a dynamic and well-prepared accounting professional ready to excel in Minnesota’s competitive job market.

What financial aid is available to Online Accounting degree students in Minnesota ?

Pursuing an online Accounting degree in Minnesota can be a life-changing decision, and the good news is that there are numerous financial aid options available to support your educational journey. In fact, a remarkable 98 percent of Accounting degree students in Minnesota receive some form of financial assistance, which is a testament to the state's commitment to making higher education more accessible and affordable. For instance, graduates of online Accounting programs from popular universities like the University of Minnesota and Minnesota State University have shared their experiences of receiving financial aid, such as grants and scholarships, which helped alleviate the financial burden of pursuing a degree. Some of the financial aid options available to students in Minnesota include:

  • Grants, like the Minnesota State Grant, which provide funding that does not need to be repaid
  • Scholarships, such as the Minnesota Association of Public Accountants Scholarship, which offer financial assistance to residents of Minnesota pursuing a degree in accounting
  • Work-study programs and student loans, which allow students to earn money while gaining work experience or borrow funds to cover education expenses
  • Student loan repayment assistance programs, which provide support after graduation, helping students manage their debt. Many graduates have expressed their gratitude for these programs, which have enabled them to pursue their passion for accounting without being overwhelmed by debt. For example, one graduate recalled how the AICPA Fellowship for Minority Doctoral Students helped them cover their tuition fees, while another graduate appreciated the Midwest Student Exchange Program, which allowed them to attend college in another state at a lower cost. These financial aid programs can be a game-changer for students, and it's essential to explore these options to make an online Accounting degree more affordable and accessible. By taking advantage of these programs,students can focus on their studies, gain valuable skills, and embark on a rewarding career in accounting, which is in high demand in Minnesota, with a projected growth rate of 10% in the next five years.

Most Affordable Accounting Schools in Minnesota

. When considering an online accounting degree in Minnesota, it's essential to explore the various institutions that offer affordable and high-quality programs. If you're looking for the **cheapest accounting school in minnesota**, you can find a range of options that balance cost and academic excellence. Many of these schools offer online accounting degrees that are designed to provide students with the skills and knowledge needed to succeed in the field, while also being mindful of the financial investment required. By researching and comparing the costs and benefits of different online accounting programs in Minnesota, students can make informed decisions about their education and career paths.

What are the prerequisites For enrolling in a Online Accounting program in Minnesota ?

To enroll in an online Accounting program in Minnesota, prospective students typically need to meet specific prerequisites, which may vary depending on the institution and the degree level. For instance, to pursue a Bachelor's degree in Accounting from the University of Minnesota Crookston, students usually need to have a high school diploma or equivalent, with a minimum GPA of 2.5, and completion of prerequisite courses such as algebra, geometry, and trigonometry. Some graduates from the University of St. Thomas have reported that they were required to submit ACT or SAT scores, with average scores ranging from 22 to 28 for ACT and 1030 to 1250 for SAT. Additionally, some online Accounting programs in Minnesota may require:

  • Completion of foundational courses in accounting, business, and mathematics
  • Submission of transcripts and letters of recommendation
  • A personal statement or essay outlining career goals and motivation for pursuing an Accounting degree
  • Prerequisite courses in statistics, economics, and computer applications
  • Minimum GPA requirements, which can range from 2.0 to 3.0, depending on the institution and program

According to the Minnesota State University system, online Accounting programs often require students to have a strong foundation in mathematics and business principles. For example, graduates from Minnesota State University Moorhead have noted that they were required to complete courses in financial accounting, managerial accounting, and taxation before being admitted to the online Accounting program. Furthermore, some online Accounting programs in Minnesota may offer conditional admission to students who do not meet all the prerequisites, but who demonstrate potential for success in the program. For instance, the University of Minnesota Duluth has reported that they offer a "bridge program" for students who need to complete additional coursework before being fully admitted to the online Accounting program. By understanding theseprerequisites, prospective students can better prepare themselves for a successful enrollment experience in an online Accounting program in Minnesota.

What types of specializations are available in a Online Accounting program in Minnesota ?

When pursuing an online accounting degree in Minnesota, it's essential to explore the various specializations available, as they can significantly enhance career prospects and provide a competitive edge in the job market. For instance, specializations like tax accounting, financial accounting, and auditing and forensic accounting services can lead to exciting and challenging roles, such as financial auditor or internal audit director. Some popular online accounting specializations in Minnesota include tax accounting, which involves preparing tax returns and learning about tax laws and ethics, a crucial skill for any accountant, financial accounting, which focuses on working with large corporations and preparing official earnings statements, a great way to develop expertise in financial reporting, and auditing and forensic accounting services, which involves reviewing and investigating accounting work to prevent fraud and ensure accuracy, a vital skill in today's business world.

Other specializations, such as management or managerial accounting, teach accountants how to oversee accounting departments or perform accounting work on behalf of a managerial team, a great way to develop leadership skills, and advanced accounting, which builds on foundational accounting knowledge and provides a breadth of knowledge in various accounting topics, a perfect way to stay up-to-date with the latest developments in the field. Additionally, cost accounting focuses on the internal accounting needs of a business and emphasizes skills like decision-making, budgeting, and financial modeling, a crucial skill for any business looking to optimize its operations, and forensic accounting, which combines accounting, investigation, technology, and law to fight white-collar crime and provide expertise in digital financial information and internal controls, a fascinating field that is in high demand.

As a seasoned professional in the accounting industry, I've seen many graduates frompopular universities in Minnesota, such as the University of Minnesota and Minnesota State University, thrive in their careers after specializing in these areas, particularly those who have chosen Minnesota online accounting degree concentrations that align with their career goals. For example, one graduate from the University of Minnesota's online accounting program recalled how their specialization in forensic accounting helped them land a job at a top accounting firm, where they worked on high-profile cases and developed a strong sense of satisfaction and fulfillment. Another graduate from Minnesota State University's online program noted how their specialization in cost accounting enabled them to make a significant impact on their company's bottom line, and they felt a sense of pride and accomplishment.

US accounting programs, including those in Minnesota, offer diverse curriculums, strong faculty, and competitive salaries, making them a top choice for students, and with the flexibility of online programs, students can balance their studies with other responsibilities, making it an ideal choice for those looking to advance their careers. Many companies also offer tuition assistance programs to help employees pursue higher education, which can be a significant benefit for those interested in pursuing an online accounting degree.

How do you choose the best Online Accounting degree program in Minnesota ?

When selecting an online accounting degree program in Minnesota, it's crucial to consider several key factors to ensure you're making an informed decision. As someone who has guided numerous students through this process, I've seen firsthand the importance of evaluating factors such as accreditation, curriculum, faculty expertise, program format, and support services. For instance, graduates from the University of Minnesota's online accounting program have consistently praised the flexibility of the program, which allowed them to balance work and family commitments while pursuing their degree. Some key factors to consider include accreditation from recognized agencies such as the Association to Advance Collegiate Schools of Business (AACSB), which ensures the program meets the standards of the accounting profession, and a comprehensive curriculum that covers topics such as financial accounting, auditing, taxation, and financial management. If you are looking for online accounting degree programs in Minnesota, you should evaluate these factors carefully.

A comprehensive curriculum and faculty with relevant industry experience are essential for a well-rounded education in accounting. Faculty with relevant industry experience can provide practical insights and guidance, which can significantly impact student success and career outcomes. Additionally, program format and flexibility, including options for part-time or full-time study, are critical considerations for many students.

It's also worth noting that the field of accounting is expected to grow 6% by 2031, making it a promising career path. In fact, despite a 7.8% decline in the number of students earning a bachelor's degree in accounting in the 2021-2022 academic year, with 47,067 students graduating, the demand for skilled accountants remains high. I've spoken with graduates from popular universities such as St. Cloud State University and Minnesota State University, who have emphasized the importance ofconsidering certification options, such as preparation for the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) exams, which can significantly enhance job prospects and career advancement opportunities. When researching the best accounting schools in Minnesota online, consider the specific certification options they offer.

To ensure the success of your online accounting program, you should also consider the technological requirements of your program, for more information on this you can visit specific technological requirements. By carefully evaluating these factors and considering the specific needs and goals of your career, you can set yourself up for success in the field of accounting and take advantage of the many opportunities available in Minnesota.

What career paths are available For Online Accounting graduates in Minnesota ?

As a career counselor, I've seen numerous graduates of Accounting degree programs in Minnesota thrive in a diverse range of career paths, offering a promising future in the field of finance. With a degree in Accounting, individuals can pursue roles in financial management, consulting, and analysis, with opportunities for advancement and professional growth. For instance, graduates from the University of Minnesota's Accounting program have gone on to become Financial Managers, with a median annual salary of $156,100 and a job outlook growth of 16% from 2022 to 2032. Others have pursued careers as Certified Management Accountants, playing key roles in organizational financial planning and decision-making. Some notable career paths available to graduates of Accounting degree programs in Minnesota include financial management and planning, with opportunities to work in large and small businesses, which can be explored through online accounting jobs in Minnesota.

It's worth noting that 56.8% of all certified public accountants are women, while 43.2% are men, highlighting the diversity and inclusivity of the field. I recall speaking with graduates from Minnesota State University's Accounting program, who shared their experiences of starting as entry-level bookkeepers and auditing clerks, and then advancing to senior roles as Financial Analysts and Consultants. They emphasized the importance of developing strong analytical and problem-solving skills, as well as effective communication and teamwork abilities, to succeed in these careers. The various accounting career paths in Minnesota state can lead to rewarding and challenging positions.

With the right skills and knowledge, graduates of Accounting degree programs in Minnesota can navigate the job market with confidence and pursue their desired career paths, whether it's in financial management, consulting, or analysis. For those interested in exploring the broader field of business, the business administration jobmarket offers a wealth of information and resources. With the right education and training, individuals can succeed in a variety of roles and industries, from finance to management and beyond.

What career paths are available For  Online  Accounting  graduates in Minnesota ?

What is the job market For Online Accounting degree graduates in Minnesota ?

As an experienced accounting professional in Minnesota, I can attest that the job market for accounting graduates in the state is thriving. With a growing demand for skilled accounting professionals, graduates can expect to find employment in various roles, including bookkeeping, accounting and auditing clerks, financial examiners, and certified public accountants. In fact, according to labor statistics, employment of accountants and auditors is expected to grow at a rate of 6 percent from 2023 to 2033, resulting in approximately 130,800 job openings each year. I've spoken to several colleagues who have recently hired accounting graduates in Minnesota, and they all agree that the demand for skilled accounting professionals is on the rise. The accounting job market in Minnesota is particularly strong, with many companies looking for talented individuals to fill open positions.

Some of the key factors contributing to this demand include:

  • The need for financially skilled workers in a growing economy, along with the increasing complexity of regulatory and tax landscapes
  • The trend of companies going public, which requires more public accountants to handle regulatory procedures and financial documentation
  • The rise of remote staffing, which allows companies to hire accounting professionals from anywhere in the country, expanding job opportunities for graduatesFor instance, I recall a conversation with a colleague who works for a large corporation in Minneapolis, and they mentioned that they are always looking for skilled accounting professionals to help with financial planning and analysis. Similarly, a friend who works for a non-profit organization in St. Paul mentioned that they are in need of accountants who can help with budgeting and financial reporting. This highlights the many Minnesota accounting career opportunities available to graduates.

In terms of salary, accounting graduates in Minnesota can expect to earn a competitive wage. According to the USBureau of Labor Statistics, the mean annual wage for accountants and auditors in the highest-paying metropolitan areas are:

  • San Jose-Sunnyvale-Santa Clara, CA: $116,320
  • New York-Newark-Jersey City, NY-NJ-PA: $114,280
  • San Francisco-Oakland-Hayward, CA: $114,050While these figures are not specific to Minnesota, they do indicate that accounting graduates who are willing to relocate to other parts of the country can earn a high salary. However, even in Minnesota, accounting graduates can expect to earn a median annual wage of around $79,880, with opportunities for advancement to higher-level positions. I've seen many accounting graduates in Minnesota start their careers in entry-level positions and quickly move up to more senior roles, earning higher salaries and taking on more responsibilities. Employers in Minnesota expect entry-level accounting graduates to possess accounting packages knowledge and spreadsheet competencies, so it's essential for graduates to have these skills to be competitive in the job market. For those interested in exploring other career paths, trade school job salary potential can also be a viable option, offering a range of career opportunities with strong salary potential.

Other Things You Should Know

What are the emerging niches within the Accounting field?

As the accounting landscape continues to evolve, driven by technological advancements, regulatory changes, and shifting market demands, several emerging niches are gaining prominence, offering specialized career paths for accounting professionals. Notably, the integration of data analytics and artificial intelligence in accounting practices is creating a high demand for accountants who can interpret and apply data insights to inform business decisions. For instance, the University of Minnesota's Carlson School of Management, which offers online accounting courses, has seen an increase in enrollment in their data analytics and accounting programs, with a significant number of students opting for specializations in data-driven accounting.

Some of the key emerging niches within the accounting field include:

  • Forensic accounting, which involves the use of accounting, auditing, and investigative skills to help uncover fraud and other financial crimes, is becoming increasingly important as companies seek to protect themselves from financial losses due to fraud and error, with the Bureau of Labor Statistics predicting a 10% growth in employment opportunities for forensic accountants from 2020 to 2030.
  • Sustainability accounting, which focuses on the measurement, reporting, and assurance of environmental, social, and governance (ESG) performance, is gaining traction as investors and stakeholders increasingly demand more transparency and accountability from companies regarding their ESG practices, with a study by the Global Reporting Initiative finding that 93% of the world's largest companies now report on their sustainability performance.
  • Digital accounting, which encompasses the use of cloud-based accounting systems, blockchain technology, and other digital tools to enhance the efficiency and security of accounting processes, is transforming the way accounting firms operate, with a survey by the American Institute of Certified Public Accountants finding that 70% ofaccounting firms in the US now use cloud-based accounting systems.
  • International accounting, which involves the application of accounting principles and standards in a global context, is becoming more critical as businesses expand their operations across borders, with the International Accounting Standards Board reporting that over 140 countries now require or permit the use of International Financial Reporting Standards (IFRS) for financial reporting.
  • Non-profit accounting, which requires specialized knowledge of the unique financial reporting and regulatory requirements of non-profit organizations, is an area of growing interest, with the National Association of Colleges and Employers reporting that non-profit accounting is one of the top five industries for accounting graduates, and universities such as the University of St. Thomas in Minnesota offering specialized courses and certifications in non-profit accounting.
What are the top skills employers look For in Accounting degree graduates in Minnesota ?

Employers in Minnesota seeking to hire Accounting degree graduates typically look for a combination of technical, business, and soft skills that enable them to effectively navigate the complexities of the accounting profession. According to a survey conducted by the Minnesota Society of Certified Public Accountants, the top skills in demand include:

  • Technical skills, such as proficiency in financial accounting, auditing, taxation, and financial management, as well as expertise in accounting software, including QuickBooks, Xero, and SAP, which are widely used in the industry, with approximately 75% of respondents citing the importance of technical skills in their hiring decisions.
  • Business acumen, encompassing knowledge of business operations, strategic planning, and risk management, which is essential for accountants to provide valuable insights and guidance to organizations, with the University of Minnesota's Carlson School of Management being a notable institution that emphasizes the development of business acumen in its Accounting program.
  • Analytical and problem-solving skills, which enable accounting graduates to interpret financial data, identify trends, and develop solutions to complex problems, with a study by the American Institute of Certified Public Accountants finding that 90% of employers consider analytical skills to be essential for accounting professionals.
  • Communication and interpersonal skills, which are critical for accountants to effectively collaborate with colleagues, communicate financial information to stakeholders, and build strong relationships with clients, as highlighted by the Minnesota State University, Mankato's Accounting program, which emphasizes the development of strong communication and interpersonal skills through its curriculum and extracurricular activities.
  • Adaptability and continuous learning, as the accounting profession is constantly evolving, with new technologies, regulations, and standards emerging regularly,and employers seeking graduates who can adapt quickly to changing circumstances and commit to ongoing professional development, with approximately 60% of respondents to the Minnesota Society of Certified Public Accountants survey citing the importance of adaptability and continuous learning in their hiring decisions.
  • Professional certifications, such as the Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designations, which demonstrate a level of expertise and commitment to the profession, and are highly valued by employers in Minnesota, with the University of St. Thomas's Opus College of Business being a notable institution that supports students in pursuing professional certifications through its Accounting program.
How does a Online Accounting degree influence career mobility and advancement in Minnesota ?

Earning an online accounting degree in Minnesota can significantly impact career mobility and advancement, as it equips graduates with the technical skills and knowledge required to succeed in the field. According to the Bureau of Labor Statistics, accountants and auditors in Minnesota can expect a median annual salary of $74,820, with the top 10% earning upwards of $118,000. Online accounting degree holders can pursue various career paths, including public accounting, corporate accounting, and government accounting, with opportunities to work with prestigious firms like Ernst & Young, Deloitte, and KPMG, all of which have a presence in Minnesota.

Some of the key benefits of an online accounting degree in Minnesota include:

  • Enhanced job prospects, as many employers in the state require or prefer candidates with a bachelor's degree in accounting, such as the University of Minnesota's Carlson School of Management, which offers a highly regarded online accounting program.
  • Increased earning potential, as online accounting degree holders can pursue higher-paying roles, such as senior accountant or financial controller, with median salaries ranging from $85,000 to over $110,000, according to data from the Minnesota Department of Employment and Economic Development.
  • Improved career mobility, as online accounting degree holders can transition into related fields, such as finance, business, or consulting, and take advantage of the state's thriving business landscape, with major industries like healthcare, technology, and agriculture.
  • Development of in-demand skills, such as financial analysis, budgeting, and financial reporting, which are highly valued by employers in Minnesota, including companies like 3M, UnitedHealth Group, and Target Corporation.
  • Flexibility and convenience, as online accounting programs allow students to balance work and family responsibilities while pursuing their degree, which is particularly important in Minnesota, where many students mayneed to work part-time or full-time while studying.

In terms of specific career opportunities, online accounting degree holders in Minnesota can explore roles such as:

  • Staff accountant, with responsibilities including financial statement preparation, budgeting, and financial analysis, and a median salary of around $60,000, according to data from the Minnesota Society of Certified Public Accountants.
  • Senior accountant, with duties including financial reporting, auditing, and financial planning, and a median salary of around $85,000, according to data from the Bureau of Labor Statistics.
  • Financial controller, with responsibilities including financial management, budgeting, and financial analysis, and a median salary of over $110,000, according to data from the Minnesota Department of Employment and Economic Development.
  • Auditor, with responsibilities including financial statement auditing, risk assessment, and financial analysis, and a median salary of around $75,000, according to data from the Minnesota Society of Certified Public Accountants.

To navigate the job market and achieve career advancement, online accounting degree holders in Minnesota should consider:

  • Obtaining professional certifications, such as the Certified Public Accountant (CPA) or Certified Management Accountant (CMA), which can significantly enhance career prospects and earning potential.
  • Building a strong network of professional contacts, through organizations like the Minnesota Society of Certified Public Accountants or the Institute of Management Accountants, which can provide valuable job leads, mentorship, and career guidance.
  • Staying up-to-date with industry developments and trends, through continuing education and professional development opportunities, such as those offered by the University of Minnesota's Carlson School of Management or the Minnesota State University system.
  • Developing strong communication and interpersonal skills, which are essential for success inaccounting and finance roles, and can be honed through coursework, internships, and professional experience.
How can Online Accounting students in Minnesota maximize their learning experience?

To maximize their learning experience, online accounting students in Minnesota can leverage various strategies, including actively engaging with the course materials, participating in virtual discussions, and seeking guidance from instructors and peers. According to a study by the National Center for Education Statistics, students who regularly interact with their online course materials tend to have higher graduation rates, with a reported 75% completion rate compared to 45% for those with limited engagement. For instance, online accounting students at the University of Minnesota Crookston can access a range of digital resources, including video lectures, interactive simulations, and online forums, to facilitate their learning.

Some key approaches to enhance the online learning experience include:

  • Utilizing digital tools and resources, such as accounting software and spreadsheet applications, to practice and apply theoretical concepts, as seen in the online accounting programs offered by Minnesota State University, Mankato, which incorporates hands-on training with industry-standard software like QuickBooks and Excel.
  • Building a network of peers and professionals in the field through online communities, social media groups, and virtual events, such as the Minnesota Society of Certified Public Accountants (MNCPA) online forum, which provides a platform for online accounting students to connect with experienced accountants and stay updated on industry trends.
  • Setting clear goals and deadlines, creating a dedicated study space, and establishing a routine to maintain motivation and discipline, as suggested by a survey of online students at St. Cloud State University, which found that 80% of respondents reported improved time management skills and increased productivity.
  • Seeking additional support services, such as online tutoring, academic advising, and career counseling, to address specific needs and challenges, as offered by the online accounting program atBemidji State University, which provides one-on-one mentoring and career guidance to help students achieve their academic and professional objectives.
  • Staying informed about industry developments, regulatory changes, and emerging trends in accounting, such as the impact of artificial intelligence and blockchain technology on financial reporting and auditing, as discussed in the online accounting courses at Metropolitan State University, which incorporates real-world case studies and guest lectures from industry experts to provide students with a comprehensive understanding of the field.

See What Experts Have To Say About Studying Accounting

Read our interview with Accounting experts

Daniel Szpiro

Daniel Szpiro

Accounting Expert

Professor of Practice

Cornell University

John Wermert, Ph.D., CPA

John Wermert, Ph.D., CPA

Accounting Expert

Associate Professor of Accounting

Middle Tennessee State University

Yaw M. Mensah

Yaw M. Mensah

Accounting Expert

Professor and Interim Vice Dean for Strategic Partnerships

Rutgers Business School

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