MBA Accounting: Courses, Syllabus, Colleges, Jobs and Salary

MBA in accounting is a post-graduate degree program designed for individuals who want to pursue a career in accounting and related fields. It is a specialised MBA Course.  The program provides advanced knowledge and skills in accounting, finance, economics, and business management and prepares graduates for a variety of roles in the field of accounting.

To get admission into the top MBA college, you must earnestly prepare for the entrance examinations such as the CAT, GMAT, XAT, and others. It is recommended to obtain a detailed analysis of the MBA syllabus for this purpose. 

Here are the major highlights of the course:

Course Name	Master of Business Administration in Accounting
Level of Education	Post Graduate
Time Duration	2 years
Exam type	Semester based
Eligibility Criteria	Graduate degree in any discipline with 50% minimum marks.
Admission Process	Entrance-based
Average course fee (INR)	4 Lacs- 10 Lacs
Average Salary	8- 20 LPA
Top Recruiters	TATA, Wipro, Genpact, WNS Global Services, BSNL, NSIC, Google, Amazon, Microsoft, IBM and many more.

What is MBA in Accounting all about? 

The MBA Accounting program provides students with advanced knowledge and skills in accounting, finance, and business management. The program is designed for individuals who wish to pursue a career in accounting and related fields and is intended to prepare students for various roles in the field.

The curriculum of Master in Business Administration typically covers a range of topics such as financial accounting, managerial accounting, taxation, auditing, financial statement analysis, cost accounting, and business law. Students are also taught advanced skills in data analysis, decision-making, and communication. In addition, some programs may offer specialised courses in topics such as international accounting, forensic accounting, or sustainability accounting.

The MBA accounting program focuses on developing the technical and analytical skills needed to succeed in the accounting profession, as well as the broader business acumen needed to understand the financial implications of business decisions. Students will learn how to prepare and interpret financial statements, evaluate financial performance, analyse budgets, and make strategic financial decisions.

Graduates of MBA in Accounting programs can pursue a variety of career paths, including financial management, tax accounting, internal auditing, public accounting, and corporate accounting. They may also choose to work in a range of industries, such as healthcare, technology, finance, and government.

Admission Process for MBA in Accounting 

The admission process for MBA in Accounting typically involves the following steps:

Meet the eligibility criteria: Applicants are required to have a bachelor's degree in accounting or a related field from a recognised university. Some programs may also require a minimum percentage of marks in the qualifying exam and/or relevant work experience.

Take the required entrance exams: Most MBA in Accounting programs require applicants to take standardised entrance exams such as the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE). Some programs may also accept other exams, such as the Common Admission Test (CAT) or the Xavier Aptitude Test (XAT).

Apply to the programs of interest: Applicants can apply to multiple MBA in Accounting programs by submitting an application online, along with their academic transcripts, entrance exam scores, letters of recommendation, and essays or personal statements. Some programs may also require applicants to attend an interview.

Wait for acceptance: Once the applications are submitted, the admissions committee of the respective programs will evaluate the applications and notify the candidates of their acceptance or rejection. If accepted, candidates may be required to confirm their acceptance and pay a deposit.

Start the program: Once the acceptance and deposit are confirmed, students can start the MBA in Accounting program, which typically takes 1-2 years to complete.

Important Dates to note 

Exam Name	Last Date of Registration /Application Period	Date of Examination
CAT 2023	August 2023- September 2023	November 26, 2023,
CMAT 2023	13 Feb–6 Mar 2023	March 26, 2023 (tentative)
XAT 2023	10 Aug–11 Dec 2022	8 Jan 2023
MAT 2023	CBT 1: February 21, 2023, CBT 2: February 27, 2023, PBT- February 14, 2023,	CBT-1: February 26, 2023,  CBT-2: March 4, 2023,  PBT: February 19, 2023,
NMAT by GMAC	1 Aug–12 Oct 2022	10 Oct–19 Dec 2022
SNAP (Symbiosis National Aptitude Test)	August 2023- November 2023	10th December 2023 (Test 1) 18th December 2023 (Test 2) 23rd December 2023 (Test 3)

Documents Required at the time of application

At the time of admission students are expected to submit the following documents to the college for verification-

• 10th and 12th Marksheets 
• MAT/CAT/XAT admit cards, score card, and rank letters
• 6 recent passport size photographs with light background
• Character Certificate 
• Letter of Recommendation
• Migration Certificate
• Self-attested copy of identity proofs 
• Domicile Certificate 
• Demand Draft 

MBA Accounting Course Syllabus 

The syllabus for an MBA in Accounting may vary slightly depending on the institution and the specific program. However, the following topics are generally covered in an MBA Accounting program:

• Financial Accounting: Financial accounting concepts, standards, and principles, financial statements, analysis of financial statements, financial ratios, accounting cycle, and accounting systems.

• Managerial Accounting: Cost concepts, cost behaviour, cost-volume-profit analysis, budgeting, and budgetary control, standard costing, variance analysis, relevant costing, and decision-making.

• Taxation: Income tax laws, tax planning, tax implications on business decisions, and tax compliance.

• Auditing: Auditing concepts, types of audit, audit planning, audit process, internal audit, and external audit.

• Financial Management: Financial management concepts, time value of money, capital budgeting, sources of funds, working capital management, dividend policy, and risk and return.

• Corporate Finance: Financial structure, financial policy, capital structure, mergers and acquisitions, and corporate restructuring.

• Business Ethics: Ethics in accounting, corporate governance, social responsibility, and sustainability.

• Information Technology in Accounting: Accounting software, data analytics, and data security.

In addition to the above topics, many MBA Accounting programs also offer elective courses in specialised areas such as forensic accounting, international accounting, and non-profit accounting. The duration of the program is typically two years, and the mode of instruction includes classroom lectures, case studies, group discussions, and assignments.

Top MBA colleges in India 

Here’s a list of top MBA colleges that are known for their academic rigour, faculty expertise, and strong industry connections. They provide students with a solid foundation in accounting, finance, and business management and offer a range of opportunities for practical learning, internships, and placements. Graduates from these top MBA Accounting programs are highly sought after by top employers in the country and abroad and are equipped with the skills and knowledge to succeed in a variety of accounting and finance roles.

Name of Colleges	NIRF Ranking	Total Fees	Exams Accepted
Indian Institute of Management Bangalore (IIM)	1st	18.53 Lacs with 50,000/-  Admission fee	GMAT/GRE/CAT
Indian Institute of Management Bangalore (IIMB)	2nd	23 Lacs	CAT/GMAT/GRE
Indian School of Business (ISB), Hyderabad and Mohali		25 Lacs	GMAT/GRE/CAT or JRF
XLRI Xavier School of Management, Jamshedpur	8th	12 Lacs (Average fee)	CAT/MAT/XAT
Faculty of Management Studies (FMS), University of Delhi, Delhi	23rd	4 Lacs	CAT
S.P. Jain Institute of Management and Research (SPJIMR), Mumbai	19th	19  Lacs	CAT/GMAT/GRE/CAT/ NET mgt./ MAT/XAT, PET
Indian Institute of Management Calcutta (IIMC)	3rd	27 Lacs	CAT/GMAT

Entrance Exam Syllabus 

The syllabus for MBA entrance exams generally includes the following topics:

Quantitative Ability: Arithmetic, Algebra, Geometry, Trigonometry, and Data Interpretation

Verbal Ability and Reading Comprehension: Vocabulary, Grammar, Sentence Correction, Para Jumbles, and Comprehension

Data Interpretation and Logical Reasoning: Tables, Charts, Graphs, Caselets, and Puzzles

General Awareness: Current Affairs, Business, Economics, and Politics

Writing Ability: Essay Writing and Business Letter Writing

It is also recommended to practice with previous year's question papers and mock tests to get a better understanding of the exam pattern and difficulty level.

Job Opportunities after MBA Accounting 

After completing an MBA in Accounting, there are several job opportunities available in various sectors. Some of the common job roles for MBA Accounting graduates include

1. Accountant: Accountants play a vital role in maintaining financial records and ensuring compliance with tax regulations. They can work in different industries, including healthcare, education, government, and finance.

Financial Analyst: Financial analysts analyse financial data, identify trends, and prepare financial reports for decision-making. They can work in investment banks, insurance companies, and other financial institutions.

Tax Consultant: Tax consultants provide advice on tax planning, tax compliance, and tax-related issues. They work with individuals, small businesses, and large corporations.

Auditor: Auditors review financial records and provide an opinion on the accuracy of financial statements. They work in accounting firms, government agencies, and corporations.

Financial Manager: Financial managers are responsible for managing a company's financial operations, including budgeting, forecasting, and financial analysis. They work in corporations, banks, and other financial institutions.

Risk Manager: Risk managers identify and manage financial risks in a company. They work in financial institutions, insurance companies, and other organisations.

Investment Bankers: Investment bankers provide advice on mergers and acquisitions, capital raising, and other financial transactions. They work in investment banks and other financial institutions.

The salary and job prospects may vary depending on the industry, job role, and location. However, an MBA in Accounting courses provides a strong foundation in financial management, accounting principles, and business ethics, making graduates valuable assets for a wide range of organisations.

Here are some approximate salary brackets for MBA Accounting graduates in India:

Job Profile	Salary Stats ( Lakhs Per Annum)
Accountant	INR 4-8 LPA
Financial Analyst	INR 6-12 LPA
Tax Consultant	INR 6-15 LPA
Auditor	INR 5-10 LPA
Financial Manager	INR 8-20 LPA
Risk Manager	INR 8-15 LPA
Investment Banker	INR 10-25 LPA

Top Recruiters of MBA Graduates

In India, there are numerous companies and organizations that seek MBA graduates. Some of India's top recruiters of MBA graduates include

• McKinsey & Company
• Boston Consulting Group (BCG)
• Bain & Company
• Hindustan Unilever Limited (HUL)
• Procter & Gamble (P&G)
• Tata Group
• Reliance Industries Limited (RIL)
• Infosys
• Accenture
• Deloitte
• KPMG
• EY (Ernst & Young)
• PricewaterhouseCoopers (PwC)
• ICICI Bank
• HDFC Bank
• Kotak Mahindra Bank
• Axis Bank
• Amazon
• Flipkart
• Google

These are just a few examples of the many organisations that actively recruit MBA graduates in India. The job roles may vary from management consulting, marketing, finance, operations, human resources, and other areas. The recruitment process may include campus placements, online applications, and direct interviews. It's always recommended to do thorough research on the company and the job role before applying for a job.

Why should you pursue your MBA at Sunstone?

At Sunstone, you can-

• Learn all core management skills effectively.
• Get 2 capstone projects to simulate the professional environment.
• Get 2 months of industry integration via internships and projects.
• Master your specialisation with the chosen electives.

FAQ : MBA Accounting

Is distance learning in MBA Accounting worth it?

Whether distance learning for an MBA in Accounting is worth, it depends on your personal circumstances, goals, and learning preferences. Distance learning for an MBA in Accounting can be a good option if you need to balance your studies with other commitments such as work or family.

What is the difference between an MBA in Accounting and a Master in Accounting?

An MBA in Accounting emphasises broader business concepts in addition to accounting, while a Master's in Accounting is more focused on the technical skills required for accounting roles. The choice of program will depend on the career goals of the individual student.

What is the scope of an MBA after a B.Com degree?

After completing a B.Com degree, an MBA can significantly enhance career opportunities, with job positions in a wide range of industries and functions.

The scope of an MBA after a B.Com includes management roles in finance, accounting, marketing, human resources, operations, and general management, among others.

With an MBA, B.Com graduates can expect higher salary packages, greater career advancement opportunities, and the potential to develop skills in leadership and strategic decision-making.