Top Online Colleges For Accounting Degrees for 2017

Top Online Schools

Considered by some to be the second oldest profession, there will always be a need for accountants. The Bureau of Labor Statistics forecasts the job prospects for accountants will grow at 13 percent through 2022. While there is some degree of specialization, the broad description of accountants as individuals who prepare and examine financial records is fair. The average accountant or auditor is employed full-time and works, on average, a 40 hour week; additional hours are common during high volume time periods, such as tax season.

An accountant’s duties revolve entirely around numbers and financial records. The nature of the financial records is somewhat dictated by the specialization of the accountant, be they a tax accountant, auditor, management analyst, etc. With few exceptions, accountants have earned at least a bachelor’s degree. Professional titles, such as “Certified Public Accountant”, are awarded when certain criteria ― a bachelor’s degree, a number of years of experience, and the completion of a standardized CPA exam ― are met. The median annual income of accountants is $63,550, with the top 10 percent earning $111,510, and the bottom 10 percent earning $39,930.

 


 

To determine the best online Accounting programs, we looked at the most important factors prospective students, mainly common predictors of future success and a school’s commitment to online programs. This boils down to admissions rate, student loan default rate, retention rate, graduation rate, and the percent of students enrolled in online classes. All data points are taken from information provided by colleges and universities to the National Center for Education Statistics.

Each factor is weighted evenly in order to give an objective view and determine the 7 best online Accounting programs. To calculate our rankings, we looked at a school’s ranking when organized by a single factor, and then averaged each category’s ranking to find an overall score: Admissions Rate (20%) + Default Rate (20%) + Retention Rate (20%) + Graduation Rate (20%) + Percent of Students Enrolled in Online Classes (20%) = Final score.

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