Salaries for MBA's


D

Darren

I have a question for employers in this group. I live in MI and am a
Full Charge Senior Accountant with my bachelors in accounting from the
University of Phoenix and am currently half way complete with my MBA
in Accounting from Baker College. I have about 11 years of experience
in the accounting field from a Senior Staff Accounting position to
this job that I have now. I am still making under $34K per year and
haven't had a raise or cost of living adjustment in three years. But
what can I expect as far as salary is concerned once I graduate with
my MBA? I plan to stay in MI. Thanks.

Darren
 
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P

Preston

I have a question for employers in this group. I live in MI and am a
Full Charge Senior Accountant with my bachelors in accounting from the
University of Phoenix and am currently half way complete with my MBA
in Accounting from Baker College. I have about 11 years of experience
in the accounting field from a Senior Staff Accounting position to
this job that I have now. I am still making under $34K per year and
haven't had a raise or cost of living adjustment in three years. But
what can I expect as far as salary is concerned once I graduate with
my MBA? I plan to stay in MI. Thanks.

Darren

Darren,

Completing your MBA will not gaurantee you a salary increase right
away. If you want to stay in the accounting field, you are going to
have to find a way to break into a higher level position, such as a
Controller, Director of Finance, or CFO. You don't just walk into
these positions without knowledge and experience within the industry
that you'd be serving in. I'd recommend trying to get a position as
an auditor with a public accounting firm for a few years in order to
get this kind of experience. Then, when you are ready to go back to
industry, you can use the experience you gained in public accounting
along with being an MBA to really market yourself.
 
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J

Jim Williams

That's right. A piece of paper doesn't determine your salary; it's
the experience that count. A MBA is really a broad degree rather than
a specialized degree. It is for someone working in management. If
you want to stay in accounting, you really need a CPA. A bachelor
degree don't cut it for accounting. Everyone in senior accounting
positions have a CPA. That is probably why you are stuck there for 11
years. Think of a CPA as a Master degree in accounting.
 

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