Something for Every Lifestyle: “Best Online Graduate Programs”

U.S. News & World Report’s 2019 “Best Online Graduate Programs” ranked The University of Scranton’s online master’s degree programs in business (excluding MBA) at No. 76 and its MBA program at No. 109 in the nation. U.S. News also ranked Scranton at No. 52 in the country for “Best Online MBA Programs for Veterans.”

 

 

 

 

 

 

 

 

This is the eighth consecutive year that U.S. News ranked the University’s online programs among the best in the nation. The methodology used by U.S. News to determine the ranking has changed several times throughout the years.

For the 2019 Best Online Programs ranking, which published Jan. 15, U.S. News reviewed statistical information submitted by schools. The ranking criteria differed by category. The criteria used by U.S. News to rank online business and MBA programs included student engagement (28 percent), which looked at graduation rates, class size, one-year retention rates, and best practices such as accreditation by AACSB International, collaborative coursework requirements, course evaluation requirements and other factors. The ranking criteria also included admission selectivity (25 percent); peer reputation score (25 percent); faculty credentials and training (11 percent); and student services and technology (11 percent).

In addition to offering distance education programs that incorporate coursework that is predominantly online, colleges and universities making the “Best Online Program for Veterans” list must have ranked in top half of 2019 Best Online Program rankings; be certified for the GI Bill, which includes participation in the Yellow Ribbon Program; and enroll a “critical mass of veterans” as defined by U.S. News based on the size of the college.

Scranton offers online MBA degrees in general business, accounting, enterprise resource planning, finance, healthcare management, human resources, international business and operations management; master’s degrees in accountancy, finance, health administration, health informatics and human resources and a dual MBA/MHA degree, in addition to graduate certificates. For technology, recruitment and marketing support, the University partners with Wiley for the online programs.

In other rankings published by U.S. News & World Report, Scranton has been ranked among the top 10 “Best Regional Universities in the North” for 25 consecutive years. Scranton is ranked No. 6 in the 2019 edition of the guidebook. U.S. News also ranked Scranton No. 3 in its category in a listing of just 168 colleges in the nation expressing “A Strong Commitment to Undergraduate Teaching” and No. 11 in its category in a ranking of the “Most Innovative Schools.” U.S. News also ranked Scranton’s programs in entrepreneurship at No. 31, finance at No. 36, and accounting at No. 37 in the country, among other rankings.

The 2019 Best Online Programs listing can be viewed at usnews.com.

Learn more about our MBA program here.

An MBA Is the New Bachelor’s Degree

Earning a bachelor’s degree is commendable, and increasingly important in the workplace. But those trying to stand out as an employee or job applicant should consider attaining an even higher level of education. Many employers want to see a master’s degree, and it may be in your financial interest to get one.

According to a Washington Post report, those with a master’s degree can expect to earn $457,000 more over the course of their career than those with just a bachelor’s degree. Also the number of jobs that require a master’s degree are projected to increase at a much higher rate than other jobs, through 2020.1

A master’s degree today is as prevalent as a bachelor’s degree was in the 1960s, according to Vox, which also said that a master’s degree in business administration is growing faster than other master level degrees.2 In 1971, 11.2% of all master’s degrees were in business. By 2012, that percentage more than doubled to 25.4%.

A Practical Degree

An MBA is useful in fields as diverse as accounting, healthcare, manufacturing, information systems, logistics, telecommunications, retail, finance and banking, law, consulting, pharmaceuticals, hospitality, insurance, and engineering. The degree is increasingly important in business today.

Today, with modern technology, it’s easier  than ever for aspiring students to get a quality MBA degree!

The MBA  is used as a screening tool by employers to find the most qualified candidates with the advanced education necessary for the job. Showing a willingness to invest time and money to get additional education signals to the hiring manager that the candidate is serious about their career.

The University of Scranton’s MBA program offers both  broad-based study in all aspects of business, or a focus in a specialized area such as accounting, operations management, healthcare management, human resources, international business or enterprise resource planning.

The Payoff

According to data from head hunter Career Bliss,3 those with master’s degrees usually earn more than those with bachelor’s degrees. For instance, a business manager earns on average 22% more with the advanced degree than with a bachelor’s degree.

For more information on how an MBA can help you, check out The University of Scranton’s MBA Program.

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Sources:

1http://www.washingtonpost.com/sf/brand-connect/wp/2014/03/14/overall-trends/
2http://www.vox.com/2014/5/20/5734816/masters-degrees-are-as-common-now-as-bachelors-degrees-were-in-the-60s
3http://www.businesswire.com/news/home/20110817006495/en/CareerBliss-Data-Reveals-Top-10-Jobs-Master%E2%80%99s

 

What’s the difference between an MBA and a Master of Accountancy?

Students contemplating a career in accounting may be wondering which career path is right for them. Students often take one of two careers paths: a Master of Business Administration with a focus in Accounting, or a Master of Accountancy.

To help students understand the differences between the two programs, both of which are offered by The University of Scranton, here’s what they should know:

Graduates with an MBA focusing on Accounting:

  • Hold a generalized degree

An MBA in accounting is a path for students completing a bachelor’s degree in accounting. This degree program offers the technical core of an MBA with a broad overview of accounting and the skills needed to obtain a job in today’s technology-based business environment

  • Flexible career choices

An MBA with a focus on accounting provides graduates with a variety of job opportunities upon course completion. For those who aren’t sure which field they want to pursue, or who may want to change roles later on, this degree provides that flexibility.

  • Fill many roles

Considering the vast array of knowledge gleaned from an MBA, a graduate can fill many roles within a company. A growing number of businesses require their employees to “wear many hats,” to which this degree lends itself.

By completing the Master of Accountancy program, graduates:

  • Have a deeper understanding of accounting

The online Master of Accountancy program at Scranton offers a challenging curriculum that provides students with a deeper understanding of accounting skills, practices, and theories. Coursework isn’t a broad patchwork of accounting techniques, but a series of in-depth courses that build a foundation for comprehensive and insightful learning.

  • Can specialize in a specific area

Students have the ability to customize their programs and take courses that focus on a specific area of accounting such as taxation or fraud. An increasing number of companies are looking for job applicants with tailored accounting skills, meaning graduates with deeper knowledge of special topics don’t just stand out in a pool of candidates – they’re sought after.

  • Are better prepared to sit for exams

To obtain a career in accounting, many graduates decide to take licensing exams in a specialized field. The coursework involved in the Master of Accountancy program better prepares graduates to take exams such as Certified Public Accountant, Certified Fraud Examiner, or Certified Management Accountant.

  • Can work for the Big 4

If the goal is to work at one of the four biggest accounting firms – KPMG, PricewaterhouseCoopers, Ernst & Young, or Deloitte, completing the Master of Accountancy is the right career choice. The Big 4 look for candidates with high-level skills, advanced degrees and licenses.

The MBA and the Master of Accountancy lead to high-paid employment in the accounting field, with the skills necessary to negotiate a higher salary and better benefits. Both paths offer qualifications that are valuable to an employer and show a level of commitment and skill that’s in demand in today’s workforce.

 

To learn more about the Master of Accountancy program at The University of Scranton, click here.

To learn more about an MBA in Accounting at The University of Scranton, click here.