Is a Master’s in Accounting Worth it?
Accounting is one of the fields of study that has gone through significant changes in the past decade, being impacted by everything from AI to Ohio House Bill 238. Whether you’re an undergrad getting ready to start your higher education journey, or a working professional exploring different graduate pathways, having all the information is vital for making the right choice for your future.
The State of Accounting with Ohio House Bill 238
As of January 1, 2026, changed the fundamental structure of CPA licensure requirements. According to the bill, students can now choose from one of two options for a CPA license:
- A master’s degree with one year of relevant experience
- A bachelor’s degree with two years of relevant experience
The attributes this change as a direct result of the shrinking population of CPAs and to help position Ohio as a national leader in solutions for this crisis.
Previously, the guidelines for when students were allowed to sit for their CPA exam were dictated by 120 to 150 credit-hour requirements plus additional experience. Blow, we’ve provided a side-by-side comparison to make the changes clear.
| CPA Exam Requirements Prior to or on December 31, 2025 | CPA Exam Requirements on or after January 1, 2026 |
|---|---|
| 120 credits that includes 24 accounting credits and 24 business credits, and | A bachelor’s degree with an accounting concentration and two years of relevant experience, or |
| A bachelor’s degree of 150 semester credits that includes 30 accounting credits and 24 business credits as well as one year of relevant work experience | A master’s degree with an accounting concentration and one year of relevant experience |
These major changes are designed for undergraduate accounting degree programs in Ohio that are already organized in a manner that meets these credit requirements. It helps to streamline the process for becoming a CPA and break down some of the barriers to pursuing the accounting profession, helping to make a master’s in accounting even more worth it.
Master’s in Accounting ROI
Attending a university to receive your bachelor’s degree or your graduate degree is an investment, and when you look at the breakdown of data you can see why a master’s in accounting is worth pursuing.
The lists a median salary of $39.27 per hour and a projected growth rate of 5% for the profession from 2024–2034.
In addition to this salary, many organizations offer additional benefits to CPAs to address the accountant shortage faced across the country, which can include:
- Increasing base salaries to accommodate long working hours
- Allowing for hybrid or remote work to promote flexible working environments
- Reducing burnout by improving job satisfaction for those wanting to make a difference
Recent studies have shown that there is an as compared to financial positions. This illustrates that many members of the next generation have a genuine interest in making a difference.
Along with this, M.S. accounting ROI can be marked by more than just finances, as it can also be denoted by a professional’s happiness and overall contentment with a role. The paycheck at the end of the day has one of the largest impacts on one’s well-being, but quality of life is vital as well. Many , whether it comes from remote work or closer proximity to their families.
Accounting ROI: The ֱ State Difference
At ֱ State University, we are committed to not only giving students the tools they need to pass the CPA exam, but also setting them up to excel in their professional careers.
As one element of this, we offer scholarships and financial aid to students in order to help them achieve their goals and keep costs down. Our tuition is also highly competitive with other Ohio universities, ensuring you never have to ask if a master’s in accounting is worth it.
There is no one calculation that can perfectly predict whether or not a master’s in accounting is worth it for every individual. Students can rest assured though that at ֱ State University, their success is at the forefront of priorities. We truly care about our students, and our online accounting master’s program can prepare you for your career quickly and efficiently.
A master’s in accounting CPA can be completed in as few as 30 credit hours, and students who already hold an undergraduate accounting degree can finish the online M.S. in Accounting in as few as two semesters. Non-accounting majors may need an additional 12 credits of accounting prerequisites.
Is a Master’s in Accounting Worth It FAQs
Do I still need 150 credit hours to become a CPA in Ohio?
No. As of January 1, 2026, Ohio House Bill 238 adjusted the available routes for becoming a CPA in Ohio. You can now either achieve your master’s degree in accounting with one year of relevant experience, or your bachelor’s degree in accounting with two years of relevant experience.
Is ֱ State University AACSB Accredited?
Yes, ֱ State University is AACSB accredited. This accreditation is one of the most prestigious certifications a higher education school can hold, as AACSB is widely considered the “gold standard” in business education. It’s also the oldest, most rigorous accreditation available.
How Long Does a Master’s in Accounting Program Take?
ֱ State University’s program consists of two semesters for students who already hold an accounting undergraduate degree. Students coming from another field may need additional credits. Contact us for more information or to apply today!
