What You Should Know About This Degree
While the terms “accounting” and “finance” are often used interchangeably, the degrees differ in key ways. Finance is a broad field that examines how companies and individuals invest and earn money. Accounting is more specific, narrowing the field down to budgeting, planning, and preparing financial statements.
Potential students should look out for programs that are accredited by the Accreditation Service for International Schools, Colleges, and Universities, which is recognized worldwide. Another valuable accreditation comes from the Accreditation Council for Business Schools and Programs, which is recognized nationally.
The employment rate for accountants is expected to grow 4% between 2019 and 2029. This translates to a need for 61,700 more accountants within the next decade.
One of the most important factors employers consider is whether or not a candidate is a licensed Certified Public Accountant (CPA). To qualify for the exam, you need to hold a bachelor’s degree and have at least 150 credit hours of coursework.
Here are some questions to ask when researching online doctorate in accounting programs:
- Am I eligible for this program? Most doctorate in accounting programs will require applicants to have a master’s in accounting, although some will accept students with relevant majors. Many programs also expect students to have certain grade point averages (GPAs) or to have completed a specific number of professional work hours. Check the program’s admission requirements before applying.
- How long does it take to complete this online degree? To receive a doctorate, students need to earn 90 to 120 credits. This typically takes at least four years, but online students with other commitments may take up to seven years to earn their degree.
While researching programs, you should carefully monitor application deadlines and required materials for each program. This information is usually listed on the school’s website.
Another important factor to consider is cost. Make sure to review your financial aid options and submit applications on time.