A. A master’s degree in accounting can help you advance to higher-level professions with a better income. You will be prepared to progress to management and leadership roles with an accounting master’s degree and earn six-figure salaries. While a master’s degree in accounting requires an initial expenditure, you must consider the long-term worth of the degree. According to the U.S. Bureau of Labor Statistics (BLS), the median weekly earnings for a master’s degree holder are $1,545, compared to $1,305 for a bachelor’s degree holder, translating to $12,480 in increased income. These earnings grow over time and will much outweigh the cost of obtaining your master’s degree.
Aside from the benefit of an increased income, the actual value of a Master’s in Accounting degree will depend on your specific goals and objectives, but completing this degree can open up opportunities for advancement in your career and provide you with the skills and knowledge to succeed in the field.