Considering Accounting Analytics?
I currently earn $70k annually as a property management bookkeeper and have been exploring some online master’s programs. I came across Iowa State’s MS in Accounting Analytics, which seems to blend Accounting with data analytics for about $24k. The concept of having a “dual” master’s degree really appeals to me.
Additionally, my company is willing to cover half the cost of my graduate program.
I’m curious about the potential career paths others envision after earning a degree like this. What are your thoughts?
One response
That sounds like an exciting opportunity! A master’s in Accounting Analytics can definitely enhance your skill set and make you more competitive in the job market. With the increase in data-driven decision-making in the finance and Accounting fields, this combination of Accounting knowledge and analytic skills could open several doors for you.
After obtaining your degree, here are a few career paths you might consider:
Financial Analyst: You could transition into financial analysis, leveraging your accounting background combined with your analytics skills to analyze data trends, assist in budgeting, and guide investment decisions.
Data Analyst in Finance: Many companies are looking for professionals who can interpret financial data to derive insights. Your unique background would make you well-suited for this role.
Risk Analyst: This role focuses on identifying and managing risks, an area where combining analytics with accounting principles can be very beneficial.
Management Roles: With your dual expertise, you could advance into management positions, such as a finance manager or analytics manager, overseeing teams that work on financial data analysis and reporting.
Consulting: Many firms seek consultants with a strong understanding of both accounting and data analytics to help clients improve their financial operations or implement data-driven strategies.
Auditing: With a focus on data analytics, you could also consider roles in internal or external auditing, helping organizations use data to improve compliance and efficiency.
Moreover, the demand for professionals who can bridge the gap between accounting and data analysis is likely to grow, making this degree a potentially valuable asset. Before making your final decision, it might also be beneficial to connect with alumni from the program or professionals currently working in related fields to get their insights. Good luck!