Answer by Casie Levine:
Before you enroll in a graduate accounting program, think about what your goals are after graduation.
Reasons to pursue a graduate degree in accounting:
– You are planning on pursuing a CPA certification post-graduation and your sponsoring state requires 150 hours to be eligible to sit for the exam.
– You are interested in accounting theory and are going to pursue further education after the initial graduate degree.
– You are joining a firm that pays a large premium for a specialty accounting graduate degree. For example, some firms pay a large premium for a Masters of Taxation.
I would heavily analyze the cost-benefit analysis of obtaining a graduate degree in accounting, as it may or may not pay off depending on what your plans are post-graduation. I have found that most starter accounting jobs do not pay vastly more of a premium for having a graduate accounting degree, they care more about whether you have passed the CPA exams.