Is the title of master of professional accounting in Singapore actually valuable in this current job market? Here’s a guide.
Students who’ve completed their accounting undergraduate programs are usually confused about the idea of getting their masters degrees and becoming a master of professional accounting in Singapore. Going back to school is challenging, but there are countless benefits. Students with masters in accounting in Singapore open themselves to more lucrative job positions. They’re also likelier to attain fast promotion at work. That’s because students who hold bachelor’s degrees in accounting already possess the basic skills and understanding to climb the ladders in the accounting industry. The master’s degree equips them with specialized knowledge that bachelors don’t have. Hence, they get more opportunities when it comes to applying for advanced positions like certified public accountants (CPA). Getting masters in accounting gives students the chance to establish their expertise in accounting practices. In the job market, these degrees place them over job seekers with only have bachelor’s degrees. But, that’s not all.
Before entreating the idea of becoming a master of professional accounting in Singapore, students must evaluate their future career objectives. For students who aspire to reach senior-level positions in the accounting industry, getting a masters degree is a no-brainer. These degrees not only equip them with advanced technical knowledge, but they also keep them up to date about the latest accounting laws, technological trends, etc. For instance, students who aim to become certified public accountants can prepare better for CPA exams if they get their masters. Plus, in many countries, at least 150 hours of course credit is mandatory for CPA applicants. Hence, students with masters in accounting in Singapore get their CPA license faster than others. However, students who intend to go into management or other business disciplines should assess other options like getting an MBA.
How Passionate about Accounting is the Student?
Apart from professional objectives, the pursuit of getting masters in accounting in Singapore should also involve a true passion for the discipline. If meeting CPA’s 150-hour course credit requirement is a student’s only goal, they must rethink their relationship with this subject. Also, students aiming to become a master of professional accounting in Singapore should have keen interests in specific fields of accounting. Be it auditing or bookkeeping – without a genuine interest in the various sub-fields in accounting, the pursuit of the degree will be dull and tiring. After gauging their passion for accounting, students should settle on a specific specialization. Then, they can supplement their learning with other specific courses.
To become a master of professional accounting in Singapore, students must first complete an undergraduate degree in accounting, finance, or other related fields. Then they must find accredited institutions that offer Master of Accountancy programs. After getting their masters in accounting in Singapore in two-years, students can enter the workforce.
Salary and Job Options
While training to become a master of professional accounting in Singapore, students learn about countless principles of accounting. From finance to marketing – they learn every aspect of corporate or public accounting (depends on their specialization). Irrespective of their specialization, students who are masters in accounting in Singapore, find it easier to secure positions in corporate-level jobs. ‘Masters’ usually apply for higher-paying jobs as well.