Some jobs, such as financial analyst, can be held by someone with a M.Fin or a MAC, or even other degrees. M.Fin recipients tend to take jobs focused more on the technical or theoretical aspects of finance.
A MAC degree provides a broad range of job opportunities from the moment of graduation. The most common career paths for MACs are focused on tax, auditing, or consulting. But MACs also work for businesses, nonprofits, and government agencies in accounting, finance, and auditing roles.
While someone with a MAC degree could do many of the same jobs as someone with an M.Fin, the reverse is not true. Accounting jobs require specific skills — and often a CPA credential — that only a MAC provides.
Finally, while choosing between a MAC and an M.Fin, you should look beyond your next job. That master’s degree will launch you on a new career path. Will you still want to travel that path in 5, 10, or 15 years?
Most M.Fin graduates go into corporate finance or investment management. Of course, they’ll have chances to get promoted, but if they want to move beyond those fields, or launch their own business, or advance to the C-suite, an M.Fin may not be enough.
MAC recipients frequently start out in finance and accounting positions, but over the long term move into a wide variety of job roles. Their broad skill base, CPA credential, and the fact that every organization and many individuals need accounting professionals ensures that MAC recipients are always in demand.
MAC careers come in extraordinary variety: Some run start-ups and large companies, others travel the world as consultants. There are even MACs who’ve devoted themselves to hunting down terrorists and investigating organized crime. And, of course, there are many MACs who have lengthy, satisfying careers in accounting and finance.
Choosing a master’s degree to pursue is an individual decision. Your personal interests, professional background and career ambitions all play a role. When choosing between a M.Fin and a MAC the choice is between the M.Fin’s finance focus or the broader business opportunities a MAC provides.
Interested in how the MAC pays off? Download our analysis, “The ROI of the Master of Accounting Degree for Working Professionals”. It’s a concise, but instructive, perspective of several facets of the degree and the investment required to earn it.