According to the U.S. Bureau of Labor Statistics, the median pay for accountants and auditors in 2020 was $73,560 per year in the United States. 

Earning a master's degree opens many opportunities for you. For example, with an accounting degree, you would be preparing the financial statements and dealing with a company's financial management, financial reporting, financial records, and a lot more. 

What can you do with a master's degree in accounting? 

Let's find out today. 

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What Can You Do With A Master's Degree In Accounting?

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With a bachelor's degree, you have limited options. However, a master's in accounting can offer new opportunities. The median salaries would vary depending on the accounting jobs. You would be making important financial decisions in many positions. 

Now, if you are thinking about what can you do with the master in accounting degrees, consider the following: 

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#1. Senior Financial Analyst 

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As a senior financial analyst, you would be making vital decisions for the company. You would be responsible for analyzing the data, calculating risks, and a lot more. 

Senior financial analysts earn an average base salary of  $82,620 per year in the United States. 

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#2. Accounting Manager

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As an accounting manager, you would be responsible for overseeing the operations of the accounting department. You may also be responsible for preparing the budget reports and a lot more. 

The average salary of an accounting manager in the United States is $74,738 per year. 

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#3. Auditor 

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As an auditor, you would examine and verify the company's financial records. You have to ensure that the company's records are accurate and the company is filing the taxes correctly. Your role as an auditor would vary depending on the type of auditor. For example, you could be internal, external, etc. 

The average base salary of an auditor in the United States is $63,663 per year. 

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#4. Chief Financial Officer 

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As a chief financial officer, you would be in the top financial position of the company. Plus, you would be involved in the critical financial decision. However, you also need to assess risks and keep an eye on the company's financial standing. Therefore, it would be better to focus on multiple credentials.

The average salary of a chief financial officer in the United States is $399,879 per year. 

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#5. Corporate Controller 

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A corporate controller is responsible for the daily accounting operations of an organization. As a head of accounting, you would keep an eye on the preparation of the organization's financial statements. You would also be responsible for preparing the annual budgets, forecasts, and a lot more.

The average base salary of a corporate controller in the United States is $102,842 per year. 

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#6. Forensic Accountant

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You can study forensic accounting and get the role of forensic accountant. As the name implies, you could be working with law enforcement to investigate fraud. However, it's also possible to work for the private sector. With credentials, knowledge, skills, and expertise, forensic accountants investigate financial reporting misconduct and issues. The role would depend on the type of organization. 

The average base salary of a forensic accountant in the United States is $65,475 per year. 

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Other Careers 

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The degree programs prepare you for the outside world. Accounting graduates may start the dream of high-level accounting jobs with a graduate degree. The truth is that the higher education, skills, expertise, and credentials you have, the better it is for your career. 

Other careers that you may find interesting include business consultant, financial manager, general manager, director of accounting, and more! 

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Wrapping It Up 

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A master's degree in accounting can prepare you for the future. You can aim for high-paying jobs when you have the skills, credentials, and expertise. A master's degree can be the stepping stone for your bright future.