If you would like to work in accounting and you plan on studying for a graduate degree, you may be interested in learning about the jobs available with a Master of Science in Taxation. An MST degree is a terminal degree program that covers content that will prepare you to become both a tax specialist and also a business strategist. You will be exposed to lectures and content that will help you gain expertise of the tax implications that businesses, organizations and even individuals face when they make certain financial decisions. If you would like to find out what you will be able to do with your Master of Science in Taxation following graduation, read on and learn about some of the titles you will be qualified for with your advanced formal credentials.
What Do Students Learn When Taking a Master’s Program in Taxation?
You can become an accountant or even a tax specialist with the minimum of a bachelor’s degree, but when you want to advance your knowledge and your career opportunities earning a master’s degree is the answer. There is more than one type of specialization or major in accounting, and taxation is a popular choice for those who want to learn about complex taxation issues and how to analyze business and individual returns. The goal of the Mater of Science in Taxation program is to teach you how taxation works in a global economy and what types of problems you can encounter. Some of the coursework that you will complete in reliable MST programs include:
- Taxation of corporations
- Auditing
- Managerial accounting and cost management
- Foreign financial transactions
- Tax planning
- Federal, state and local taxation
- Real estate taxation
- Tax policy
- Tax-exempt organizations
- Estate planning
What Are Some of the Careers for Graduates with an MST Degree?
You can find that an MST degree will qualify you for many different professional credentials and job titles within the fields of accounting and finance. The opportunities will be found in both the public and the private sector in virtually all industries that exist today. One of the most popular options is to become a CPA, which often requires that you have a master’s degree before you can sit for the exam. As a CPA, you will be qualified to work as an auditor, a tax specialist, a compliance officer, a risk manager, a forensic accountant and more.
Another professional certification that you can earn once you earn your degree is your Certified Management Accountant credential, according to Investopedia. The CMA credential is for those who work in compliance, taxation, financial advising, financial analysis and strategic management. You can find a wide range of different roles with either credential with government agencies, large domestic corporations and even some companies with a global presence.
Related Resource: Tax Regulation
There is a growing need for not just accountant, but for specialists within the field of accounting. One of the most effective ways to make yourself more marketable in the field is to hold an advanced degree. While the number of grads who are hired at public accounting firms is on the decline, there has been a rise in the number of applicants who are hired with a master’s. In fact, about 17% of new hires in firms possess a master’s in a specialty area like taxation, according to the New York Times. Be sure you familiarize yourself with the jobs available with a Master of Science in Taxation, and see if it is the right educational track for you.
