2025 Most Affordable Online Master's Degrees in Accounting
An affordable online master’s in accounting provides the advanced skills needed to thrive in roles like CPA, controller, or financial analyst. These programs emphasize ethics, taxation, audit, and analytics, all while offering the flexibility to study around professional commitments. Our rankings prioritize schools with low tuition, but we also spotlight institutions with strong graduate outcomes, student satisfaction, and accessibility.
Key Takeaways:
- Best for Budget: Florida Gulf Coast University offers the most affordable tuition at just $4,359 per year for its online MBA in Accounting.
- Best for Salary: Accounting graduates from the University of La Verne report a median salary of $80,300, placing the school in the top 2% for alumni earnings.
- Best for Online Experience: Liberty University leads with an online enrollment of 45,783 students, ranking in the top 1% for virtual learning scale.
We manually calculate and verify tuition to ensure accuracy. Explore our full methodology for more details.
2025 Most Affordable Online Master's Degrees in Accounting
Affordable Online Master’s in Accounting: Key Highlights and Insights
When you're looking for the most affordable online master’s in accounting, low tuition is a great starting point, but it doesn’t tell the whole story. To make a truly smart investment, it’s worth looking at what happens after graduation. That’s where metrics like alumni earnings, Salary Score percentiles, and student outcomes help paint a fuller picture.
The Lowest Tuition Doesn’t Always Mean High Value
Take Florida Gulf Coast University (FGCU), ranked #1 for affordability with tuition just $4,359. Sounds like a win, right? But when we look at median earnings, FGCU grads bring in $69,342, placing the program in the 12th percentile nationwide. That means 88% of similar programs have higher earnings, which raises questions about long-term return on investment.
On the other hand, look at Western Governors University (WGU). Tuition is still affordable at $9,510, but graduates earn $75,925, putting them in the 31st percentile. Still below average, but significantly stronger than FGCU when it comes to post-grad pay. If you're looking to balance upfront cost with future earnings, that distinction matters.
Some schools offer low tuition but fall short on alumni earnings. Missouri State University, for example, has a great price tag ($5,685), but graduates earn just $63,262, landing the program in the 3rd percentile nationally. That’s very near the bottom in terms of how grads fare financially compared to peers.
Even Liberty University, a household name with a massive online presence, sits at the 8th percentile for earnings ($67,089), despite a relatively modest tuition of $10,170. So while affordability is clear, career payoff may be underwhelming.
Look Beyond Price: Support Systems Matter
When choosing an online master’s in accounting, it's helpful to consider graduation and retention rates, as these can offer deeper insight into how successful students are at navigating the program and ultimately earning their degree. These aren’t just stats — they’re signals of program quality, student support, and your likelihood of finishing what you start.
Master’s in accounting students are often working professionals juggling multiple responsibilities. That’s why early support (reflected in retention) and clear paths to completion (reflected in graduation) help answer key questions:
- Will I get the support I need if life gets in the way?
- Are the online courses structured to help me succeed and graduate?
- Does the online school offer a reliable path toward CPA eligibility?
Understanding the Metrics
Graduation Rate: This reflects the percentage of students who complete their degree. For graduate programs like accounting, a strong graduation rate shows that students aren’t just enrolling, they’re finishing.
Retention Rate: This measures how many students return after their first year. A high retention rate suggests students are engaged, supported, and satisfied with their experience early on.
Some of the most supportive online accounting programs — like Kent State, SUNY Polytechnic, Boise State, and Liberty — stand out for their high retention rates of 79%, indicating that students tend to stay engaged beyond their first year.
Meanwhile, Mount Vernon and Caldwell lead in graduation rates, with nearly 70% of students completing their degrees, an important factor in accounting, where finishing the program is often tied to CPA eligibility.
One outlier is Colorado State Global, which shows a strong graduation rate (64%) but a notably low retention rate (33%), suggesting that while many students ultimately succeed, a significant number may struggle to stay on track early in the program.
What Are Graduate Students Saying?
When students go out of their way to recommend a program, it’s a powerful signal that their expectations were exceeded. For online accounting master’s students, where the stakes are high and the workload demanding, strong recommendation rates offer crucial insight into which programs truly support their students. That's why we conduct hundreds of student surveys to provide you with real-world insights.
Online schools like Winona State, which boasts a 100% recommendation rate, and Fitchburg State at 95%, indicate that students aren't just finishing their degrees, they’re walking away with a deep sense of value and confidence in their education. Institutions such as Boise State, Georgia Southern, and Caldwell University, each with a 93% recommendation rate, underscore the impact of flexible formats, accessible faculty, and CPA-focused curricula in earning that level of trust from graduates.
What makes these numbers even more meaningful is when they align with what students are saying in their own words. For example, Amberton University student Michelle described the program as ideal for working adults, saying, “Amberton was a great program that allowed me to work full-time and be a parent while attending classes.” Another Amberton graduate, Jaime, emphasized its academic rigor and affordability: “The instructors challenged me with master's level assignments for working adults. I am very satisfied and would recommend to anyone who does not want debt from completing grad school.”
At Alabama State University, Victoria Oakes highlighted the value of their degree: "I would definitely recommend the Master's of Accountancy program at Alabama State University... you are able to have a smaller student to teacher ratio, which can lead to a more productive learning environment from my experience." She also praised the university’s scholarship offerings, which covered “full tuition, books, and fees.” That kind of support and close faculty attention can be a game-changer for students balancing graduate work with other responsibilities.
For students pursuing a master's in accounting, these voices (combined with high recommendation rates) highlight the programs that not only prepare students for CPA licensure but also provide the structure, support, and community needed to succeed.
Expert Insights for Aspiring Accounting Master's Students
How To Get Ahead With an Online Degree: Insights from a CFO
Chief Finance Officer
An online degree provides flexibility and access to a wide range of learning resources, making it a strong option for those looking to enter the financial industry. The biggest advantage of an online program is the ability to work while studying, allowing students to gain real-world experience while completing coursework.
Additionally, many online programs offer fintech-focused courses, virtual investment simulations, and access to a global professional network. However, challenges such as fewer in-person networking opportunities and the need for strong self-discipline mean students must take initiative in joining professional organizations and seeking mentorship outside the classroom.
[M]any online programs offer fintech-focused courses, virtual investment simulations, and access to a global professional network.
Beyond education, professional certifications can set finance professionals apart. The Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), and Certified Public Accountant (CPA) are among the most valuable, depending on career goals. The CFA is ideal for investment analysts and portfolio managers, the CFP suits financial advisors, and the CPA is best for those in accounting and corporate finance.
Students should start preparing early by taking relevant coursework and considering internships that align with certification requirements. Many top employers prefer candidates actively pursuing certifications, as it demonstrates commitment and expertise.
For practical experience, hands-on financial management, side projects, and case competitions can be as beneficial as traditional internships. Students can practice stock trading, create personal investment portfolios, or participate in virtual finance competitions to develop analytical skills.
Additionally, gaining exposure through volunteering for finance-related roles in student organizations, seeking mentorship, and leveraging LinkedIn for professional connections can open doors. Those who take an active approach to education, professional development, and networking will be best positioned for success in the competitive finance industry.
From Accounting Student to Financial Planner: Real-World Lessons from a CFP
Financial Planner
I believe that financial literacy is a crucial life skill that can make all the difference in an individual’s future, and I've dedicated much of my time and resources to this cause.
My career in finance has been shaped by education, certifications, and real-world experience. I earned my BBA in Accounting from Middle Tennessee State University. I didn't have an online degree but I know online programs are becoming a great option for many people. They’re flexible, which matters a lot if you’re working or have other responsibilities.
They also come with challenges. You have to be disciplined. It’s easy to fall behind if you’re not organized. And networking can be harder when you’re not in a classroom, so you have to make an effort: join online groups, email your professors, or attend virtual events to stay connected.
Getting my CFP certification was a turning point for me. It gave me the knowledge I needed to help people plan for retirement, manage investments, and think through their financial goals. More importantly, it showed clients I was serious about what I do.
If you’re thinking about certifications like the CFP, CFA, or CPA, I’d say start preparing as early as you can. Those programs are tough and take a lot of studying, so spacing it out can make a big difference. The one you choose depends on your career goals. If you’re interested in financial planning, the CFP is a smart choice. If you’re more drawn to investing, the CFA might be a better fit.
When I was getting started, internships were a huge help. They gave me a chance to see how the industry worked and figure out what I enjoyed. I’ve always believed in personal investing. Even small investments can teach you how markets work and help you understand the risks and rewards involved. It’s something you can talk about in interviews or with potential clients. Networking is important. Good relationships can lead to opportunities. Sometimes just staying in touch with someone or showing genuine interest can open doors you didn’t even know existed.
If I could go back and give my younger self advice, I’d say focus on the basics. Learn how to read financial statements. Understand how investments work. Practice explaining complicated ideas in a simple way. Those are the skills that will set you apart. Also, stay curious because finance is always changing, and being willing to keep learning will help you succeed. I’ve had to adapt as new investment options and strategies have emerged. Keeping up with those changes has made me better at what I do.
Starting out in finance can feel overwhelming, but small steps matter. When I was younger, I didn’t have everything figured out. I just did my best to learn as much as I could and take advantage of opportunities, even small ones. Over time, those little things added up. That’s something I remind people all the time. Don’t worry about having the perfect plan. Just keep moving forward and learning as you go. Finance is a field where effort and curiosity can really pay off.
FAQs About Affordable Online Master's Degrees in Accounting
What Is an Online Master's Degree in Accounting?
Students can earn a master's degree in accounting entirely online, which often proves to be a more affordable option compared to traditional on-campus programs. Online degrees typically have lower tuition rates and eliminate extra expenses such as commuting and housing costs.
To enroll in an online master's program in accounting, applicants must have a bachelor's degree in any field and submit GMAT or GRE scores, college transcripts, and additional documentation like a personal statement or resume.
Accreditation is crucial when choosing an online program. We make sure all the schools on our lists are institutionally accredited, but it's also helpful to look for programs accredited by the Association to Advance Collegiate Schools of Business (), Accreditation Council for Business Schools and Programs (), or International Accreditation Council for Business Education (). Program accreditation ensures the accounting master's degree online meets the highest academic standards.
All 50 states require 150 credit hours to sit for the CPA exam. Since an undergraduate degree usually covers approximately 120 credit hours, many students pursue a master's degree to meet this requirement. Prospective students should confirm with their state's licensing board that the online degree program meets state licensure requirements.
How Much Does an Online Accounting Master's Degree Cost?
The cost of an online master's degree in accounting can vary widely depending on the institution. The latest data from the National Center for Education Statistics () shows that the U.S. average for graduate tuition is $20,513, but if you attend a public university, you can nearly cut this cost in half.
According to a general overview, the most affordable options for accounting range from $4,359 to $11,400 per year. Specific programs might offer different tuition rates, financial aid opportunities, and additional fees. It's essential to review each program's details to get an accurate cost estimate.
When calculating the total cost of earning this degree, prospective students should also factor in additional expenses, such as books, supplies, and fees. Accounting students who intend to become CPAs may also want to include the costs associated with an exam prep course, sitting for the four CPA exams, and obtaining a license. Fees vary by state, but a reasonable estimate is $1,000 for the certification exams and $500 for the license. CPA exam study courses vary widely, from $1,200 to $3,500.
Accounting students may reduce the cost of attending graduate business school in several ways:
- Anyone can apply for scholarships and grants funded by the government, schools, and private organizations.
- Current and former military may be entitled to additional discounts and benefits. If available, students can request a prior learning assessment to determine if their school will grant transfer credits based on military or work experience.
- Finally, working students may be eligible for tuition reimbursement through their employer.
- While it is impossible to earn a master's degree in accounting for free without a full scholarship, some free courses in accounting are available on websites, like EdX and Coursera.
Can I Get Financial Aid for an Online Master's in Accounting?
Students enrolled in accredited online master's degree programs in accounting may be eligible for different kinds of financial aid. Federal, state, and college grants and scholarships are the best types of aid because they don't require repayment. Enrollees may also be offered student loans, but they should thoroughly review the terms before accepting one. Federal and state loans typically involve lower interest rates and more flexible repayment plans than private loans. To apply for financial aid, students should begin by submitting the Free Application for Federal Student Aid (FAFSA). Students can contact the financial aid office at their school with questions about financial aid or aid packages.
Professional organizations sometimes offer privately sponsored scholarships for specific student groups. For example, the American Institute of Certified Public Accountants awards more than to hundreds of accounting students annually. Private scholarships usually require a separate application from the FAFSA, and applicants may be required to submit transcripts, letters of recommendation, and a personal essay with their application. Numerous scholarship websites list opportunities for graduate accounting students.
Are Online Accounting Degrees More Affordable Than On-Campus Programs?
Online master's in accounting programs may be more affordable than on-campus programs, especially for out-of-state students. Many schools charge online tuition that is comparable to or less than the in-state, on-campus rate. Although online students spend the same amount on books and supplies as their on-campus counterparts, they save on campus-related fees, room and board, and transportation costs to and from school.
What Are Some Common Courses in an Accounting Master's Program?
The curriculum for an online master of accounting degree typically combines theory and application. Coursework is designed with core courses and electives to help students develop skills in standard accounting practices, tax research, and data analysis. Some programs end with a thesis or capstone project that challenges students to synthesize what they've learned. Most online programs require students to complete six or seven standard accounting courses, some of which are included below.
- Accounting Information Systems: Most businesses and accounting firms use some type of accounting information system to store, process, and report financial records. This course often introduces students to information technology systems in use today and employs hands-on exercises to help students understand common processes and applications.
- Advanced Auditing: Through real-world activities, students may learn to use software programs and electronic data processing to conduct internal and independent audits that ensure an organization's financial reporting is accurate. Coursework typically explains professional auditing standards, data collection, documentation of evidence, and related legal issues.
- Advanced Financial Management: This course provides an overview of key financial principles and concepts, helping students understand how accounting fits into the larger context of an organization's planning and operations. Topics often include financial statement analysis, laws and regulations, the stock market, mergers and acquisitions, and financial evaluation. Coursework may also cover FinTech topics, such as AI and cryptocurrency.
- Professional Development and Ethics: Organizations of all sizes have been rocked by financial scandals in recent years, which has placed a greater emphasis on ethical values in higher education accounting curricula. In this course, students explore ethical theories and frameworks that can be used to make sound decisions when faced with ethical dilemmas. Additionally, coursework may cover legal principles that govern the accounting profession.
- Tax Planning: This course offers an in-depth study of the Internal Revenue Code, including its regulations governing various types of corporations and partnerships. Coursework also covers how to effectively manage an organization's taxes with this information, which could be valuable knowledge for those who want to enroll in a concentration, such as financial accounting. Some courses may also explore tax planning for estates and trusts.
Is an Online Accounting Master's Worth the Cost?
Determining whether an online master's in accounting is worth the investment involves several considerations. If your goal is to earn CPA certification, a master's degree can be a valuable step, as it helps fulfill the additional credit hours required for certification. Financially, assess the program's cost against potential salary increases and job opportunities. Consider your ability to balance coursework with work and personal responsibilities. Lastly, evaluate the long-term benefits, such as career growth, potential for promotions, and job stability. Balancing these factors against your personal circumstances will help you make an informed decision.
Also, check out these pros and cons:
Potential Benefits
- Accountants may have greater flexibility in their work environments. Some professionals work in offices, while others are allowed to work remotely from home, which is a desirable quality in a job for many people.
- Online courses may give you more freedom in your schedule. Many online Master of Accounting programs are built on asynchronous courses specifically designed for busy, working professionals. The flexible structure of online learning may allow you to balance your education with other responsibilities, such as allowing students to study part-time.
Potential Drawbacks
- Accountants report a low job satisfaction rate. According to a CareerExplorer survey, accountants give their career choice , placing them in the bottom 6% of all careers in terms of job happiness.
- Accountants may occasionally work long hours. According to the BLS, accounting professionals typically work full time but may need to put in additional hours for periodic audits or during tax season.
- Online students may find it more challenging to build professional networks. Making meaningful connections with peers and instructors can be instrumental to the future growth of your career, so you may need to put more effort into establishing relationships in an online environment.
An online master's degree in accounting is worth considering if you aim to advance in the financial sector, pursue CPA certification, or enhance your role in financial decision-making. With affordable options available, such as the University of Texas Permian Basin at $4,535 per year, and quality programs like the University of Massachusetts - Lowell with a 71% graduation rate, the investment can provide significant career benefits. Ensure the program aligns with your professional goals, budget, and personal commitments before deciding.
Student Reviews of Online Accounting Programs
I have had a great experience so far. The professors have been friendly and professional. The classes are always clear and throughout. Very easy to understand everything and submit my assignments. I am very satisfied with the program so far and will recommend to anyone
Review Date: 5/28/2025
Would Recommend: Yes
Helpful for Career: Yes
I received an academic warning from the university. They are very strict on their Online Master Degree program because your GPA has to be 3.0 and up, below that then it's either that they will put you on Academic Warning, Suspension or Dismissal. They don't understand that most people that are taking the online courses are either working individuals and people that would want to make a difference in their lives. After having at least close to 65 thousand dollar loan, they will just dismiss you like... Read More
Review Date: 12/19/2016
Would Recommend: No
Helpful for Career: No
WGU is great if you are self-motivated and persistent enough to learn complex materials on your own. Many people write bad reviews because they probably have a different expectation of what they will need to do. The truth is WGU provides you with everything you need to learn. The books are all you need, but there is A LOT that you have to learn and when you can't understand something you just have to keep reviewing it until it finally clicks. Beyond the books, you do have other resources provided... Read More
Review Date: 7/1/2023
Would Recommend: Yes
Helpful for Career: Yes
Most instructors are enriching and always available. The studies are congruent with the business world. The glasses are interactive and the topics are relevant. The new testing surveillance is easy and fair to use. The academic advisers are easy to contact and always available.
Review Date: 6/20/2023
Would Recommend: Yes
Helpful for Career: No
Bryant university is great. enjoy my classes and understand my job a lot more. work in a taxes office and you need to know how to do the work. Bryant university opens my eyes so I can do better. gave me a little more knowledge which is great. looking to learn more,
Review Date: 2/2/2023
Would Recommend: Yes
Helpful for Career: No
Strayer is the best n u can learn a lot from easygoing professors who are the most amazing people and will help u to succeed. The teachers who on call and will go over a lot with you to make sure you have the right answer to the problem to solve and they take time to explain the curriculum
Review Date: 11/21/2019
Would Recommend: Yes
Helpful for Career: No
Found the accelerated online MBA program to be both challenging and fulfilling. Really enjoyed the community feel established through the GroupMe app. All of my professors were very knowledgeable and available for help and support. I really felt they wanted us to understand the material to be successful. Most of my professors provided an abundance of resources for extra help. I worked full time, had two young kids, doubled my classes each semester, and was able to manage the workload and finished... Read More
Review Date: 6/20/2023
Would Recommend: Yes
Helpful for Career: No
Like many of the reviewers mentioned, 4 week long classes are very intense and you have to spend 20+ hours of studying each week, sometimes a lot more than that. You have to do the work and earn your grade. For Masters program the minimum acceptable grade is a B. The 4 week long classes aren’t for everyone. Some people may not learn well this way but I find this learning style better personally than juggling between 5 classes per semester (did that during undergrad). All my professors were highly... Read More
Review Date: 2/26/2021
Would Recommend: No
Helpful for Career: No
Compared to other online schools that I've tried I feel like UMUC courses are well-structured with their modules and the notifications of due dates, updates to grades. The discussion forums are annoying because you don't get any updates so you have to go into each post to see if anyone replied to you. In the era of Facebook and Instagram I feel like they should get better at having some real-time updates to make the conversations less phony and more engaging. I took an undergrad accounting course... Read More
Review Date: 12/17/2018
Would Recommend: Yes
Helpful for Career: No
The financial aid process is horrible. They do not know what they are doing. They keep students waiting forever to get the reward. After accepting the reward, they keep students waiting forever again for disbursement. On top of waiting, they keep sending the invoice to students demanded payment or will being dropped. When students call for the update, they run students around with all untruth information. School needs to have better financial aid teams who can be able to work efficiently and accurately.... Read More
Review Date: 11/22/2019
Would Recommend: No
Helpful for Career: No
As I have reviewed many comments regarding students experience at SNHU, I wanted to provide my experience during the past 3 years. SNHU is a school in which if you dont put in the effort to do the work, then you dont have any reason being in school. I found the school to be very challenging and I learned a lot over the past three years. Most of the teacher I had in both the accounting and taxation part of the program were very good. I only had an issue with one professor, with whom developed the... Read More
Review Date: 1/8/2019
Would Recommend: Yes
Helpful for Career: Yes
I'm surprised at some of long-winded, ranting, negative reviews. I've had an amazing experience being a student with the CBU Online Master's program. Let me tell you, just because it is online it is NOT easy. In fact, I'm pretty sure they make it insanely hard because they're making up for the fact that you're not sitting in a classroom 15 hours a week. There is a LOT of homework. The teachers really do care and want you to learn. The most challenging aspect - aside from trying to work full-time... Read More
Review Date: 8/24/2019
Would Recommend: Yes
Helpful for Career: No
I have read many of these reviews and thought I should chime in. I was born (1963) & raised in Waterbury and graduated from Post over 25 years ago with a B.S. in Accounting. Over the years in CT I have worked for and with many Post graduates and gave many friends and family members who graduated from there. I now live in Florida and wanted my Masters in Accounting. Due to various reasons I went back to Post but this time online obviously. The program was fantastic and the professors were great. I've... Read More
Review Date: 11/19/2019
Would Recommend: Yes
Helpful for Career: No
I really enjoyed the hard work. Instructors are highly educated and professional. They always made themselves available to assist. Submitting assignments on time and being committed till the end are very important for this course.My student advisor provided answers to most of my questions.
Review Date: 12/3/2019
Would Recommend: Yes
Helpful for Career: No
The Master's of Public Accounting program at Strayer University is designed purposely with the sole intent of adequately preparing a candidate to successfully pass the CPA exams. The four major courses ( Business and Economic Environment, Auditing and Assurance, Regulations and Advance Financial Reporting) are the exact courses tested on the CPA exams and are taught proficiently by well-rounded, knowledgeable and experienced professionals. Furthermore, the institution provides the candidate with... Read More
Review Date: 1/22/2020
Would Recommend: Yes
Helpful for Career: No
I attended LSU online for one class in 2019. I took an accounting course and was planning to take other coursework to enable me to sit for the CPA exam in Ohio. I liked the online option since I work full time and have a family. LSUs online course framework is horribly formatted. You utilize one website for your syllabus and class information, another for reading, another for assignments, and then another one for exams. Yeah, how annoying and confusing is that? Then, you have to pay again to sit... Read More
Review Date: 8/22/2021
Would Recommend: No
Helpful for Career: No
If your employer does end up paying for some/most of it, I cant think of a reason NOT to do a master's program. Im finishing up my first semester so I feel like I have a pretty good understanding of what the program is like. My favorite thing about the program is the schedule flexibility. You have to enter in with a cohort of students, and you all move along a prescribed path together, but you can choose what time to work on assignments, and whether or not to participate in calls or just listen to... Read More
Review Date: 3/4/2017
Would Recommend: Yes
Helpful for Career: No
The name of my School is University of Maryland university college (UMUC). UMUC is a not-for-profit university located in Adelphiin Prince George's County,Maryland in the United States. The university serves over 90,000 students worldwide, awarding bachelors, masters and doctorate degrees, as well as undergraduate and graduate certificates to well qualified students. The school offers over 120 academic programs in both online and instructor led classes which are held on its campus located in Largo... Read More
Review Date: 11/6/2017
Would Recommend: Yes
Helpful for Career: No
I am very satisfied with my experience at Florida Atlantic University. The administrative staff for the online accounting program were very helpful and friendly in explaining the whole process from beginning registration to the curriculum of the program. The online master's program is very convenient especially for individuals who are working full time or have a family to take care of. The classes are fully held online with live lectures recorded for students to view in their own pace and time. The... Read More
Review Date: 1/28/2017
Would Recommend: Yes
Helpful for Career: Yes
I recently obtained my masters degree from Purdue global and I was very impressed with the quality and value of the education I received. I attended a more traditional brick and mortar school for my undergraduate degree and I can honestly say that the online program I completed here was just as challenging if not more so than my undergraduate degree. The teachers here are also very knowledgeable and willing to help their students succeed. Overall I am very satisfied with the quality of the education... Read More
Review Date: 6/28/2019
Would Recommend: Yes
Helpful for Career: No