Because of the varied set of skills taught within most Master of Business (MBA) degree programs, the types of jobs available with an MBA in Accounting are numerous. Many MBA in Accounting programs provide students with advanced instruction in multiple business disciplines like finance, economics, marketing, operations management and information systems in addition to courses in the accounting concentration area. These programs may require students to take certain non-business electives like inter-cultural communication, philosophy or history. By generating degree programs like these, universities hope to develop polished business leaders who demonstrate the mastery of business fundamentals, technical accounting knowledge and interpersonal skills. Here are some of the jobs available to those with an MBA in Accounting.

Budget Analyst

Budget analysts forecast, track and help administer the funds of organizations in both the public and private sectors. To accomplish their duties, these business professionals must thoroughly understand the system or service that they support. Armed with this knowledge, they analyze historical cost and spend data sets to recommend updates for future budgets. Budget analysts also prepare financial reports and maintain budgetary records, and they may do these activities using an assortment of information technology tools. While the job of budget analyst is not necessarily a managerial one, it allows the person holding the position to use many of the concepts taught within a MBA in Accounting degree program. The median annual salary of a budget analyst in May 2013 was $70,110 according to the Bureau of Labor Statistics.

International Banking Manager

Some employers look for business leaders with panoramic skills that range from technical finance to promotional marketing, and that is exactly what graduates of MBA in Accounting degree programs bring to the table. The international banking management career requires these specific skills because a large percentage of the job done by these business professionals involve selling financial products to customers. An international banking manager must thoroughly understand their company’s portfolio of financial products, the regulatory constraints of selling financial products in the global marketplace and the unique needs of their targeted customer. Banking managers must also know how to translate technical financial jargon into terminology that will help their customers to understand the value of various financial products and services. Although many jobs state that only a four-year degree is required, most employers prefer those with advanced degrees like the MBA in Accounting for the high stress, competitive banking manager position. The median annual salary for the closely related position of financial manager in 2012 was $109,740 according to the BLS.

Financial Risk Managers

Financial risk managers identify, assess and suggest steps to mitigate an organization’s financial risks. These individuals understand their company’s products or services as well as the industry in which the organization operates. The financial risk management policies that they propose are often used to guide an organization’s strategic direction. These business leaders use financial analysis skills, written and verbal communication abilities and knowledge of business law to ensure that their organization’s strategies remain within important regulatory boundaries. The median annual salary for the closely related position of financial analyst in 2012 was $76,950 according to the BLS.

Related Resource: Jobs With An International MBA Degree

Conclusion

While accounting is the language of business, savvy business professionals usually have something relevant to say after participating in a broad-based, multidisciplinary MBA program. The various types of jobs available with an MBA in Accounting can be found supporting many industries at home and in international markets.