The Top 10 Accounting Schools of the World

Which are the top accounting schools around the globe? We looked into the top accounting programs worldwide based on the admission requirements, techniques for teaching, jobs, placements, and more. 

We've compiled this list of 10 top accounting schools around the world.

These are among the top accounting schools you can enrol in to become an accountant and leave your mark in the world!

The Top 10 Accounting Schools of the World

Who is an Accountant?

An accountant is in charge of keeping track of financial transactions and managing transactions. Also, it's not just a matter of managing ledgers or the balancing books.

According to most experts, accountants should be able to spot the smallest of details and have analytical abilities that go beyond the realm of numerical data. 

Accounting professionals who excel are proficient in communicating since they will be responsible for frequently providing information to business owners and investors.

What's the average salary that Accountants earn?

Auditors and accountants have a good year, expecting to earn decent money. The Bureau of Labor Statistics projects that the number of jobs for auditors and accountants will rise by 10 per cent between the years 2016 to 2026, more than the majority of other professions. The average salary for accountants is $75,230 a year, according to 2017 data.

The amount an accountant earns is a variable according to the location they work in, their level of expertise and skills, and whether they are independent or employed by an accounting business.

The most skilled accountants can earn substantially more than average, ranging from $90,000 to more than $100,000 per year, based on their location and the number of businesses they can bring in.

How do I become a Certified Accountant?

The most effective way to be an accountant would be to get an education from an accredited college. Although there are a variety of accounting degrees to choose from, one that is a Bachelor of Science (B.S.) in accounting usually takes around four years to finish.

It could be helpful to study during the weekend hours or evenings to allow you to keep your job as you complete your studies. Because accounting is math-based, most schools require proficiency in numbers, so a bachelor's level degree is considered sufficient for accountants at the entry level. 

Other programs provide a Master of Science (MS) or doctorate (PhD) for accounting; however, these usually do not require a degree to work as an accountant.

1) University of California Berkeley

The University of California Berkeley is one of the top 10 accounting faculties in the United States. This prestigious research university is home to over 40,000 pupils and gets around $800million in federal funds each year. It includes 12 schools and colleges that consistently rank among the most prestigious universities around the globe.

Its alumni include famous figures such as George Shultz, internet pioneer Vint Cerf, and many other notables.

Because of its location in the San Francisco Bay Area, the school is situated in the most impressive geographical area: students can quickly access Silicon Valley's tech industry while relaxing with a quick shuttle ride or drive to Berkeley.

2) University of Oxford

Oxford has been a leading institution in liberal sciences and arts education for hundreds of years and was founded by the infamous King of England Alfred around 1000 years ago. Oxford regularly ranks as one of the top schools in Europe and worldwide (Times Higher Education Rankings).

One of the greatest strengths is its worldwide network of highly-rated schools, including four constituents (St. Edmund Hall Trinity College, University College and Somerville College), Green Templeton College located in Oxford, and 42 private colleges near Oxford city centre.

Students who enrol at Oxford must complete an initial foundation course that includes six religious studies or philosophy classes (depending on the area of research) before choosing a subject.

3) London School of Economics

The London School of Economics and Political Science (LSE) is one of the top 10 accounting schools for faculty diversity, student diversity, alumni recruitment resources, and the global impact.

The LSE is at No. 7, and we have ranked it as 7 of the ten most prestigious accounting institutions for recent accounting graduates. 

This school's Master of Finance (MSc Finance) program offers an academic curriculum that incorporates quantitative methods with a focus on the mathematical financial foundations along with corporate financial management as well as financial economics classes to provide students with an understanding of the latest concepts and models utilized in the field of finance today.

Its MSc Finance program will provide you with outstanding career options, such as working as a bank analyst. According to Financial News, it's no surprise that The LSE's MSc Finance is ranked second.

4) University of Pennsylvania

The Wharton School at UPenn is one of the most prestigious business schools and has a track record of putting students into the most prestigious jobs. In addition, many believe UPenn to be among the top accounting schools of their marketability.

The school provides numerous opportunities for students to get experiences in real-world projects by using the Office of Corporate Engagement (OCE). OCE provides students with corporate partners and professionals from the industry through various programs, including collaborations in research and consulting.

If you're keeping a dream of a job within Big 4 accounting, UPenn will be able to help you get there. Several top companies hire directly from the undergraduate accounting program.

5) New York University

It's not just that NYU boasts one of the best Accounting programs available in America and the world. Still, it'll also be tough to find another business school with an equivalent amount of hands-on learning. 

There's a tradition of doing more than just attending classes; students undergo 30 internships over three years and are involved in startup companies run by students on campus.

One of their latest startups includes Task Rabbit, which was developed at NYU.

Suppose you're looking to learn how to manage your finances while working on real-world projects that involve startups and businesses. In that case, there aren't many better locations to learn about it than New York University.

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6) Duke University

The university is located in Durham, North Carolina, and Duke University is a private research institution with an enrollment of undergraduates of 6,626. Accounting isn't the only major provided by the Fuqua School of Business; an advanced management program allows students to pursue an accounting master's degree or taxation.

Some notable alumni include Joe Gebbia, co-founder of Airbnb, and Kenneth Chenault, chairman of the American Express Company and former chief executive officer.

This school was placed in U.S. News & World Report's top 25 business schools for graduate students for more than 20 years (No. 24). It is also No. thirteen on the Forbes list of America's Top Colleges for Business and No.

7) Columbia University

The School of Professional Studies at Columbia University offers an online Master of Science in Accounting that complies with the 150 hours of contact hours required by the American Institute of Certified Public Accountants (AICPA).

This course is suitable for students having an undergraduate level interested in pursuing a career as an accountant. The course covers taxation, financial accounting, auditing, and computers. 

Students are also required to complete a capstone project, which deals with the issues associated with corporate restructuring. To be qualified for the graduation ceremony, they must complete every course with a grade of C or higher.

An overall total of thirty credits must be completed, and applicants need to hold a bachelor's qualification from an approved university or college with at least a 3.0 GPA in their previous studies.

8) University of Toronto

The Toronto University's Rotman School of Management holds an international reputation for its courses, particularly its highly-regarded MBA. The school is also recognized as one of Canada's top employers in the media by Mediacorp Canada. 

While it's recognized for its excellent business school, Rotman is also recognized for its excellence in other fields like public policy and political communication and media studies and economic and law studies.

It is consistently among the top schools in the Q.S. world rankings. In light of all these attributes, Toronto, the University of Toronto, makes it the top spot in our top 10 top accounting schools for 2018.

9.) Hong Kong University of Science & Technology study of Accounting

Hong Kong University of Science & Technology (HKUST) has been ranked No. 5 in the Q.S. accounting and financial ranking and is then followed by the University of Hong Kong (HKU), which is No. 6; City University of Hong Kong (CityU), No. 7; The Chinese University of Hong Kong (CUHK), No. 8; Macau University of Science and Technology, No. 9 8. Tsinghua University, China's top institution and home of twelve Nobel Prize winners, at 10th position.

Naturally, CUHK also ranks second globally for management studies - - just behind HKUST, and HKU ranks fourth for accounting and fifth place for finance.

10) University of Sydney

Its School of Economics, Finance, and Marketing (SEFM), located at The University of Sydney, is widely regarded as the most prestigious Australian centre for research in financial markets. In addition to its steadfast dedication to education, SEFM boasts a thriving research environment where innovative concepts are examined and developed via research projects that produce new knowledge and insight for academia and business. 

Research findings are converted into tangible results through new partnerships with practitioners, including entrepreneurs, regulators, big corporates, banks, and investment banking.

Faculty members are highly regarded for their academic accomplishments and involvement in professional activities across the globe and their real-world work experience in the industry.

What kinds of jobs am I able to find after completing my accounting degree?

A degree in accounting can open the door to many positions, including taxation, auditing and more. Accountants are employed at all levels of government and private firms, and there are many opportunities for part-time or temporary accounting positions. 

Most accountants hold degrees from colleges and have a CPA (certified public accountant) or CMA (certified management accountant) certification.

Accountants are extremely satisfied in their jobs since they have a real purpose in balancing the books of a company while ensuring shareholder interests. 

According to BusinessInsider, most accounting experts stated that they were happy with their work, compared to the average score for all other occupations of 54 per cent. It is worth taking a course in accounting if you are interested in forecasting, budgeting debt collection, and navigating financial regulations.

What is the top accounting certification?

To obtain the license to practice accounting, applicants must first be recognized as accountants. There are three kinds of certifications you can receive: Certified General Accountant (CGA), Chartered Accountant (CA) and Certified Management Accountant (CMA). To get any of these certificates, one needs to have completed 150 hours of work experience.

Additionally, it would help if you had an undergraduate degree or more from an accredited university or college in Canada. After you've passed the exams, you'll be able to write the Canadian Professional Accountants' Unified Evaluation Examinations (UEE) for CGAs and C.A.s. CMAs also have a series of qualifications.

What skills do I require to acquire the qualifications to become an accountant?

To become an accountant, you should have good math abilities and enjoy researching. Accounting professionals analyze financial data for individuals, businesses and other organizations.

They are accountable for keeping the records, preparing tax returns, and conducting audits. While you don't require to have a degree from a university to be an accountant, companies prefer those who have a degree in accounting and relevant work experience.

High school graduation is typically required for these positions, and an extensive work experience and prior work-related education. Some accountants possess an associate's degree or the certificate of completion from an accounting or business program at an institution of higher education or vocational school after receiving a bachelor's level degree in a different subject such as business administration.

What is the most advanced level in Accounting?

At present, two doctoral degrees are awarded by universities and colleges accredited by CPA, the designation of a PhD (doctor of philosophy) or the DBA (doctor of business administration). 

Both of them allow graduates to take an examination to obtain the designation of certified public accountants. If you're looking to take a CPA test and become certified as a Public Accountant, you must hold at least a bachelor's degree in accounting. Most likely, you'll need an advanced degree, such as one of these two doctoral degrees.

The majority of states have reciprocity arrangements that allow CPAs licensed by one jurisdiction to work in other states, provided they satisfy specific educational and different requirements set forth by the State's regulator.