Are you thinking about pursuing a career in accounting? Well, you're in luck because we've compiled a list of the top 10 accounting schools in the world. Our methodology takes into account factors such as admission requirements, teaching methods, job prospects, and more to bring you the best of the best.
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| Top 10 Accounting Schools in the World |
What is an Accountant?
Before we dive into the list, let's define what an accountant is. Simply put, accountants are individuals who keep track of money and deal with financial transactions. However, the role of an accountant extends beyond balancing books. They require an eye for detail and analytical skills that go beyond numerical data. Being a good communicator is also important, as accountants regularly present data to investors and business owners.
How Much Do Accountants Make?
According to the Bureau of Labor Statistics, jobs for accountants and auditors are projected to grow by 10% between 2016 and 2026, with an average salary of $75,230 per year in 2017. The salary of a specific accountant can vary widely depending on their experience, skill set, and whether they work for an accounting firm or are self-employed. Highly skilled accountants can earn well over $90,000 to $100,000 per year.
How to Become an Accountant
To become an accountant, it's recommended to earn a degree from an accredited school. A Bachelor of Science (BS) in Accounting takes about four years to complete, but some schools also offer a Master of Science (MS) or Ph.D. in Accounting. While these advanced degrees aren't necessarily required for work as an accountant, they can provide opportunities for career advancement.
Top 10 Accounting Schools in the World
1. University of California Berkeley - This prestigious public research university enrolls over 40,000 students and is one of the top 20 universities in the world. Its accounting program is one of the best in the United States, with a focus on research-based learning and a long history of producing successful alumni, including internet pioneer Vint Cerf.
2. University of Oxford - Founded over 1,000 years ago, Oxford has long been a leader in liberal arts and sciences education. Its unparalleled global network of highly ranked schools, including four constituent colleges, make it an excellent choice for aspiring accountants.
3. London School of Economics - Ranked among the top 10 accounting schools in the world, the LSE is renowned for diversity, faculty quality, and international influence. Its Master of Finance program provides excellent opportunities for professionals seeking careers in fund management and bank analysis.
4. University of Pennsylvania - The Wharton School at UPenn is considered one of the best accounting schools in terms of marketability. Its Office of Corporate Engagement provides students with real-world experience through consulting projects and research collaborations. The undergraduate accounting program also provides opportunities for graduates to work for top firms in the industry.
5. Massachusetts Institute of Technology - MIT's Sloan School of Management offers an excellent accounting program that emphasizes the integration of technology and business. The program also provides opportunities for students to gain hands-on experience in accounting through consulting projects and internships.
6. Stanford University - Stanford's accounting program offers a comprehensive curriculum that focuses on both theoretical and practical education. The program is designed to prepare students for a variety of career opportunities, including accounting firms, corporate finance, and investment banking.
7. Harvard University - Harvard's accounting program is highly respected and offers students a rigorous curriculum that emphasizes critical thinking and problem-solving skills. The program also provides opportunities for students to gain real-world experience through internships and consulting projects.
8. University of Cambridge - Cambridge's accounting program emphasizes the practical application of accounting concepts and principles. The program provides a comprehensive education in accounting, including courses on auditing, taxation, and financial reporting.
9. University of Chicago - The Booth School of Business at the University of Chicago provides one of the most comprehensive accounting programs in the world. The program emphasizes quantitative analysis and research-based learning, providing students with a uniquely rigorous accounting education.
10. National University of Singapore - The NUS Business School offers an excellent accounting program that emphasizes the importance of a global perspective. The program prepares students for a variety of roles in accounting, including public accounting, corporate finance, and investment banking.
In conclusion,
these are the top 10 accounting schools in the world based on their admission requirements, teaching methods, job prospects, and more. Pursuing your degree from one of these elite institutions will prepare you for a fulfilling career in accounting and provide opportunities for success in this growing field.