There is a broad array of advanced programs being offered by colleges and universities across the United States. For instance, a professional can obtain a graduate degree in the following fields:
More Flexible Than an MBA?
Programs within specific functions of a company or organization, such as the above, can typically range from one-year to three-year programs. An applicant without a spouse or family can opt for a shorter and more intensive one-year or two-year program. However, those who want to keep earning a salary and/or have family obligations to attend to, can often request the dean of the program to extend the duration of his or her program, in order to pursue a part-time schedule.
Universities are motivated to attract talented candidates into their master's programs for positioning and ranking purposes, therefore, they can offer flexibility for those they are confident have the ability to complete the requirements of the advanced degree.
An MBA is not typically required to make partner at a CPA firm, so it may make sense for a degreed accountant or CPA to invest his or her time and money in a master's degree in accounting or taxation instead. This allows him or her to focus on priority areas or interests such as regulatory compliance, estate planning or financial reporting.
Clients of the CPA firm can spend hundreds of dollars for each hour of the CPA's time, and they will want practical, immediate and effective solutions to their accounting or tax problem. A research or consulting firm may also want similar expertise from a credited statistician or an economist. (To learn more, see CPA, CFA Or CFP – Pick Your Abbreviation Carefully.)
Should a professional decide to become a specialist in his or her field and work on cutting-edge issues or advances, a graduate level degree (such as a master's or PhD) with guidance, can provide the opportunity to conduct research in emerging issues and areas deemed important either by industry, the government or the academic community. Generating new findings in your field can be an exciting way to contribute and shape initial impressions on new areas.
A summer internship at an investment bank or Fortune 500 company, after your first year in the MBA program, won't get you there. You'll probably be working on a cookie-cutter process improvement project or product analysis assignment. (For more, see The Designation For Your Financial Education: CFA, MBA Or Both?)
The Bottom Line
If you want to become a generalist manager, CFO or division president, an MBA may be the right tool for you. However, if you enjoy being a subject matter expert, such as an economist, estate planner, tax accountant, statistician, risk management consultant or an actuary, you may want to consider an advanced degree in your field. (For more, read Business Grads, Land Your Dream Job.)
In 1913 the USA government passed a law, according to which...
A list of professional terms of any sphere is the main instrument for users. Special words help to avoid misunderstanding while working process. They economize time and make life much easier...
Profit is what all traders aim at while working on the stock market. They use a variety of helpers to reach the goal. The most profitable trades are built on thorough analysis made by means of special programs...
Forex gives so many possibilities: a trader can work with shares, commodities, currencies and so on. There is a great diversity in every category, and a trader can choose one or several what he likes the most...
In the era of high technologies and financial prosperity...
There are many articles telling about randomness and abruptness of forex. Some traders believe that it is impossible to predict anything in the market. Such authors try to persuade the readers that forex is just like a big casino...
When it's time for you to retire, will you be able to afford it? Almost all of the research conducted on the subject, over the last few years, shows that most individuals are unable...
When fiascos like the Enron bankruptcy, auditing scandals and analysts' conflict of interest occur, investor confidence can be at an all-time low. Many investors wonder whether or not investing in stocks is worth all the hassle...
When you begin trading, there are a lot of questions....
|7||Fort Financial Services||73%|