MBA in Accounting Courses, Syllabus, Jobs and Salary
The minimum criterion of eligibility needed to be met for admission to the course is a Bachelor's degree with a minimum aggregate score of 50%. This 2- year long course is designed to offer eligible candidates advanced insight into business practices, auditing, tax laws, organizational efficiency, business valuations and management of innovations.
The average tuition fee charged in India for the course ranges between INR 4 and 10 Lacs.
Admission to the course is based on the student’s performance in a relevant entrance exam conducted for admission to the course, such as AIMA, SET, IPU-CET, Goenka Aptitude Test etc.
Successful postgraduates of the course are hired in capacities such as Accounting Educators, Chief Compliance Officers, Chief Financial Officers, Controllers, Environmental Accountants, Financial Analysts, Financial Managers, Forensic Accountants or Fraud Investigators, Internal Auditors, International Accounting Specialists, IT Asset Managers, Management Accountants etc.
They are hired in industries such as banks, marketing organizations, educational institutes, business consultancies, multinational companies, financial organizations and export companies. The average annual salary offered to such postgraduates in India ranges between INR 4 and 20 lacs.
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Organizations such as Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd) hire such postgraduates.
MBA in Accounting: Course Highlights
Listed below are some of the major highlights of the course.
| Course Level | Post Graduate |
| Duration | 2 years |
| Examination Type | Semester System |
| Eligibility | A Bachelor’s degree in any discipline. Eligibility criteria may vary across institutes. |
| Admission Process | Entrance Test + Group Discussion / Personal Interview. Entrance Tests like CAT, XAT, NMAT, CMAT, SNAP, MAT etc. for different colleges. |
| Course Fee | INR 4 to 10 Lacs |
| Average Starting Salary | INR 4 to 20 lacs per annum |
| Top Recruiting Companies | Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd) |
| Job Positions | Accounting Educators, Chief Compliance Officers, Chief Financial Officers, Controllers, Environmental Accountants, Financial Analysts, Financial Managers, Forensic Accountants or Fraud Investigators, Internal Auditors, International Accounting Specialists, IT Asset Managers, Management Accountants |
MBA in Accounting: What is it About?
Accounting signifies the development, understanding and communication of critical financial information, an entity's financial position, results of business operation and cash flow.
The discipline involves components such as quantitative reasoning, logic and problem solving, and the analytics behind critical business decisions.
The course curriculum explores topics such as policy planning, corporate income taxation, accounting theory, tax ethics, estate planning, bilateral tax treaties, accounting research, auditing and accounting information systems, business communications, finance, supply chain management, information technology and marketing subjects.
Top Institutes Offering MBA in Accounting
Listed below are some of the top institutes offering the course in the country with the corresponding locations and fees charged by each:
| Name of Institute | City | Average Fees |
|---|---|---|
| B.R.D. College of Management & Science | Delhi | INR 4 Lacs (course) |
| WLC College Chennai | Tamil Nadu | INR 7.5 Lacs (course) |
| Institute of Business Studies and Research Navi Mumbai | Maharashtra | INR 4.5 Lacs (course) |
| MYRA School of Business | Mysore | INR 5 Lacs (course) |
| BML Munjal University - School of Management Gurgaon | Haryana | INR 10 Lacs (course) |
Eligibility for MBA in Accounting
The minimum eligibility criterion needed to be met for admission to the course is a Bachelor's degree completed from a recognized university with a minimum aggregate score of 50% (45% for SC/ST or persons with disability).
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MBA in Accounting: Admission Process
Admission to the course at some of the top institutes in India is based on the candidate’s performance in the Common Admission Test (CAT). Leading management colleges of India accept MAT scores for admission. Rounds of group discussion and personal interview follow, based on performance in which, admission is granted to qualifying candidates.
Some of the major national and State- level entrance examinations conducted in the country for admission to the course are listed here.
- CAT (Common Admission Test)
- MAT (Management Aptitude Test)
- XAT (Xavier Aptitude Test)
- CMAT (Common Management Admission Test)
- SNAP (Symbiosis National Aptitude Test)
- ATMA (AIMS Test for Management Admissions)
- MAHCET
- RMAT Rajasthan Management Aptitude Test (RMAT)
- TANCET (Tamil Nadu Common Entrance Test)
- UPSEE (Uttar Pradesh State Entrance Exam)
MBA in Accounting: Career Prospects
Successful postgraduates of the course find lucrative career opportunities in areas such as public accounting, corporate accounting, government and non-profit organizations, financial planning, taxation, finance and accounting industries, bookkeeping agencies, payroll firms.
Such postgraduates are hired in capacities such as Public accountant, Management Accountant, Internal Auditor etc.
Some of the popular professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.
| Job Position | Job Description | Average Annual Pay Scale in INR |
|---|---|---|
| Equity Analyst | Equity Analysts analyse stocks and investments, look for optimal times to invest and the best stocks in which to invest. They apply different tools such as fundamental analysis and technical analysis, and work with mutual fund houses and in private equity funds. | 3,67,756 |
| Auditing Clerk. | Auditing Clerks work in conjunction with accounting and bookkeeping clerks in order to manage accurate financial records for large and small businesses. They are responsible for verifying the accuracy of financial records and catching mistakes made by other clerks or employees. | 2,58,900 |
| Accounting Associate | Accounting Associates assist accountants and auditors with bookkeeping, clerical duties, and managing accounts. They resolve outstanding payments through communication with departments, vendors, and clients. They process, record, and pay invoices, bills, and other transactions. | 2,30,410 |
| Directors (Accounts) | To an Account Director, the Account Supervisor and Account Executives look for support, guidance, and counselling. They are responsible for the overall growth and development of accounts in the group. | 10,00,000 |
| Accountant | They prepare asset, liability, and capital account entries by compiling and analysing account information. They document financial transactions by entering account information, and recommends financial actions by analysing accounting options. | 2,34,080 |
| Accounts Receivable Clerk | They post customer payments by recording cash, checks, and credit card transactions, post revenues by verifying and entering transactions form lock box and local deposits, and update receivables by totalling unpaid invoices. They maintain records by microfilming invoices, debits, and credits. | 2,38,941 |
| Bookkeeper | They develop systems to account for financial transactions by establishing a chart of accounts, defining bookkeeping policies and procedures. They maintain subsidiary accounts by verifying, allocating, and posting transactions, and balance subsidiary accounts by reconciling entries | 455,286 |
| Chief Accounting Officer | Chief accounting officers (CAOs) are in charge of the entire accounting department of their institution. They are responsible for their company's accounting operations and financial reporting functions. They oversee accounting and administrative staff. | 3,335,90 |
| Accounting Firm Partner | They are professionally trained individuals who apply their expert knowledge of accounting and auditing to determine the financial status of an organization. Effective implementation of audit responsibilities helps in reflecting the transparency of the accounting transactions, thus helping in building the reputation of the organization. | 1,250,000 |
| Audit Manager | The Audit Manager is responsible for organising and overseeing internal audits in accordance with the annual audit plan, often managing a team of auditors. | 1,030,433 |
| Forensic Accountants | Forensic Accountants possess specialized accounting skills. They utilize investigative, auditing, and accounting skills to analyse an organization's financial statements while investigating fraud. | 4,00,000 |
Top Colleges for Master of Business Administration [MBA] (Accounting)
MBA in Accounting: Syllabus and Course Description
Semester I |
| Organizational Behavior & Principles & Practices of Management |
| Management Accounting |
| Managerial Economics |
| Statistical & Quantitative |
| Methods |
| Legal Aspects of Business |
| Basics of Marketing |
| Information Technology |
| Managerial Communication |
Semester II |
| Marketing Management |
| Financial Management |
| Human Resource Management |
| Manufacturing & Operations Management |
| Materials & Logistics Management |
| Management Information Systems |
| Research Methodology |
| Economic Environment of |
| Business & Environmental Management |
Semester III |
| Business Policy & Strategic Management |
| Management Control Systems |
| Specialization I |
| Specialization II |
| Specialization III |
| Specialization IV |
| Specialization V |
| Project Report |
Semester IV |
| Entrepreneurship Development & project Management |
| International Business |
| Management |
| Current Trends in Management |
| Specialization VI |
| Specialization VII |
| Specialization VIII |
| Specialization IX |
| Specialization X |
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