Top 5 Career Opportunities after Online MBA in Accounting

Do you know that the world’s major accounting firms are gearing up to make huge investments in multiple Indian facilities other than bigger cities as the global demand shifts as reported by The Economic Times? Such investments by the Big Four and other global accounting firms will create plenty of lucrative opportunities for Finance and Accounting Professionals. 

When most of us hear about Accountants, we only imagine them sitting in dark cubicles tabulating endlessly and a little more than the maths geeks. However, accounting is much more than maths skills. It is a blend of analysis and problem-solving skills to perform daily tasks of keeping records and filing taxes. If you are thinking of earning a specialisation in this field, Online MBA is the answer. 

However, before you plan to spend your money on an MBA degree, you should do in-depth research on the career opportunities that this course will open for you. Once you know where you want to see yourself in the near future, you are ready to take the next step. Apart from inheriting knowledge about this specialisation, its is equally important to pursue it from the best online MBA colleges in India.


In this article, we have made it easier for you by discussing the top 5 career opportunities after pursuing an Online MBA in Accounting. 

1. Senior Accountant / Accounts Manager

An Accountant is responsible for analysing financial data, preparing tax documents, performing audits, and ensuring that the clients adhere to their tax regulations. Accountants can work with non-profit organisations, government offices, private entities, and individuals. With an MBA degree in this specialisation you can pitch for higher management or senior positions. Recruiters expect MBA graduates to possess strong communication and management skills. 

Skills Required: In-depth knowledge of tax code, Clerical knowledge, Analytical thinking, Problem-solving skills, Time management and people management skills, Customer service 

Average Salary: 8.7 LPA 

Highest Salary: 15.5 LPA 

2. Controller 

A Controller administers the functioning of the Finance Department of the organisation. They have to analyse data in order to prepare reports for executive management, monitor the company’s overall financial situation, and make efficient recommendations. In simpler terms, a Controller is the lead accountant of the company. Therefore, they must have in-depth knowledge of accounting and business acumen. That is why, an Online MBA in Accounting is the right choice if you wish to work in this job profile. 

Skills Required: Numeracy skills, Leadership and team management, Ability to work under stressful situations, Business acumen, Strategic planning, Communication skills 

Average Salary: 21.3 LPA

Highest Salary: 58.9 LPA

3. Budget Analyst 

The job of a Budget Analyst is to suggest cost-saving measures and determine the budget for the fiscal year. Budget Analyst studies how the company is using its funds in short-term and long-term periods. They are tasked to improve cost efficiency by analysing every department’s budget and thus, Senior Executives rely on Budget Analysts to break down the fund’s utilisation of the company. 

Skills Required: Financial planning, Project management, Bookkeeping, Business analysis, Understanding of budgeting software, Critical thinking, Problem-solving ability

Average Salary: 5.6 LPA

Highest Salary: 9 LPA

4. Financial Manager 

As a Financial Manager, you will have to monitor the financial activities of the company and supervise the department for budget-related concerns. In addition to this, a Financial Manager has to research investment opportunities, analyse market trends, and ensure compliance for the organisation. In different companies, the title of Financial Manager can be Controller, Treasurer, and Risk Manager. 

Skills Required: Ability to work independently, Mathematical proficiency, Leadership, Strong technical knowledge, Ability to evaluate cash flow scenario, Understanding of official contracts and government regulations

Average Salary: 17.3 LPA 

Highest Salary: 30.7 LPA

5. Auditing Manager 

An Auditing Manager has to manage and deliver audit engagement from planning to completion. Hence, this role requires proficiency and a high level of knowledge of accounting standards, and a few years of audit experience. In this profile, you will have to manage a variety of clients that differ from the industry you are working in. Generally, the role of an Audit Manager is to develop an audit timetable, brief the audit team, oversee the budget, and supervise the entire auditing process. 

Skills Required: Problem-solving skills, Good communication skills, People management, Leadership, Risk Management, Understanding of the GAAP, Organisational skills, Project management, Analytical skills 

Average Salary: 10 LPA 

Highest Salary: 25 LPA

Summing Up

The bottom line is that there are multiple career opportunities in the Accounting field. The primary reason is that for every firm, be it a small corporation or multinational business, their accounts and finances need to be managed. Therefore, an Online MBA degree in Accounting specialisation will help you streamline your career. With this degree, you can easily pitch for a higher management position in a company or start your own financial consultant business. 

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