Master’s in Taxation

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Master’s in Taxation

The master’s level of education is designed to be greatly beneficial to the careers of those students that have already completed an undergraduate program. It is possible to pursue one of many different master degree programs in Taxation to enter the field of accounting. Before you enroll in a program, it is very wise to research all your options to find a program that meets your needs. To get started, take a look at this short guide.

What Is a Master’s in Taxation?

In reality, it is more common for a program focusing in taxation to be called a Master’s in Accountancy. Taxation is simply a subsection of the field of accounting, which means you can still choose to specialise in taxation after enrolling in a master’s degree program in accountancy. This kind of degree is typically a Master’s of Science, which means there is commonly a higher focus on research-based courses.

In order to enroll in a Master’s in Taxation, you must first have completed a four-year bachelor program in a related field. Undergraduate students frequently choose either accounting or finance as their bachelor focus. The master’s degree in this field usually takes one or two years to complete, although certain programs may require as many as four years. This is just one more aspect you should research in advance. Programs typically include:

  • Combination of research and lecture-based courses
  • Secondary classes in general business and finance
  • Extensive examination
  • Exploratory courses

It is highly beneficial for you to take the time to specialise while studying. If you know exactly how you hope to apply your degree upon graduation, you will have a large advantage. Taxation is already a very specific specialisation, although it is possible to focus on corporate taxes, individual taxes, tax policy, or other fields related to taxation.

What Are the Benefits of Getting a Master’s in Taxation?

The biggest way graduates of master’s degree programs benefit is by advancing their careers. It is sometimes possible to enter a low level position and advance to higher work. A master’s degree allows you to jump right into an advanced career. Other positions are only available to those that hold a master’s degree. Other benefits include:

  • Higher possible salary
  • Increased number of career options
  • Opportunity for improved specialisation

After completing a master’s degree program in taxation, it is possible to continue your education even further by enrolling in a more advanced program. Most careers in accounting do not require a higher level degree, although some do.

What Kind of Career Can You Expect with a Master’s in Taxation?

The most common career choice for those that earn this kind of degree is accountant. If you are interested in taxation specifically, it is possible to become an accountant that works with filing and managing taxes, either for individuals or companies. With the tax filing process being complicated, there is a great demand for these kinds of experts. It is also possible to become another kind of accountant, such as consultants, auditors, financial advisors, forensic accountants, and others. If you are interested in a different kind of accountancy job, be sure to research how best to specialise.

Arizona State University - W. P. Carey School of Business

Tempe, United States

  • N/ASchoolApply Rank
  • USD 51,836Average Tuition
  • 84%Acceptance Rate

As the largest of ASU's four campuses, the Tempe campus is home to six schools including the W.P. Carey School of Business which is one of the largest business schools in the United States. ASU's Tempe Campus is home to all of the university's athletic facilities....