Why have online accounting schools become so popular?

Think the accounting degree leads to a cubicle-job with dismal job prospects, only for the nerdy-looking math whizzes equipped with a sophisticated calculator? Think again. Accountants are needed in every level of management, consulted on matters that range from the financial outlook of a business to management and future strategies.

With the number of accounting jobs expected to grow by 16% by 2020 (Source: U.S. Bureau of Labor Statistics), the outlook is positive for individuals holding accounting degrees. Not to mention an annual wage averaging at $71,040 as of May 2012 and 94,300 accountants in employment in New York City alone (Source: U.S. Bureau of Labor Statistics).

Therefore, it comes as no surprise that online accounting schools have had a surge in popularity in recent months, especially among those who are unable to pursue a full-time degree due to temporal and geographical constraints.visit here for more updated post.


Online accounting degrees allow students to complete their studies on a part-time basis, thereby providing a feasible alternative for those with other commitments in life. Individuals may attend lectures and complete assignments at any time of the day. Their academic timetable would then fit snugly into their schedules without interfering with their daily lives. It is also an excellent option for those looking to improve their career prospects but who are unable to leave their current job.

Besides, students can opt to complete the degrees in the comfort of their own home. For those who wish to obtain a degree from top U.S. universities may now do so regardless of where they live, and are therefore freed of transportation and accommodation woes.more accounting degree information at http://www.excite.com/education/colleges/accounting-schools.

Time and Cost-saving

Certain universities offer accelerated online programs for those who are especially motivated, wherein students are given the opportunity to schedule assessments within a particular term, and to complete the degree faster than via the normal route. The tuition fees are calculated based on time taken, and not credits obtained, therefore the savings in tuition fees would be an added benefit for those who choose to complete the degree earlier.

As students do not have to fork out an enormous sum of money for accommodation near campus and for transportation to and from campus (for students who live far away), this would amount to large savings for those opting for an online degree in lieu of a regular campus degree.

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Myth #1 Online degrees are easier than traditional degrees
Contrary to popular opinion, online degrees are as rigorous as regular, on-campus degrees. Both adhere to the same academic standards and the same admission requirements applies. More often than not, the same faculty members would be employed for online and on-campus degrees.

Myth #2 Online degrees are not desired by employers

Identical degrees are awarded to students whether the degrees are completed online or on campus, meaning that employers wouldn’t know whether the degree was completed online unless the information was divulged voluntarily. In fact, in a 2010 poll carried out by the Society for Human Resource Management, 79% of organizations indicated that they had hired a job applicant with an online degree in the last 12 months. (Source : SHRM 2010 report)

Given the above reasons, if you’re looking into taking an online accounting degree, what are you waiting for?

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