The Managerial Accounting program emphasizes practical skills and essential knowledge identified by the Institute of Management Accountants (IMA). Graduates are equipped for dynamic careers in this growing field, ready to make institutional decisions based on sound financial principles. Program completion prepares students for the IMA Certified Managerial Accountant (CMA) examination.
Modality
Managerial Accounting Bachelor's Degree Program Overview
If you’re looking for a career that focuses on helping internal managers make decisions and set goals, consider a Bachelor's in Managerial Accounting degree from Cambridge College. Managerial accountants are experts at analyzing an organization’s operational metrics, and then turning this data into useful information management can use to make informed decisions.
Based at our Boston location, courses are taught in a hybrid format through on-campus, scheduled remote (Zoom) and self-paced online (asynchronous) classes.
Managerial Accounting Program Highlights
Students in the BS in Managerial Accounting degree program get in-depth coursework in general education, writing, literacy and critical thinking. Successful graduates will have a demonstrated understanding of:
- Planning, budgeting and forecasting
- Performance management
- Cost management
- Internal controls
- Professional ethics for management accounting professionals
- Financial statement analysis
- Corporate finance
- Decision analysis and risk management
- Investment decision
Advantages of Cambridge College's Managerial Accounting Program
- IMA certification training: Our curriculum is designed to prepare you for the Institute of Managerial Accountants (IMA) Certified Managerial Accountant (CMA) examination.
- Career-focused learning: Our teaching model allows you to learn managerial accounting principles and effective, practical techniques. The program also includes a research-intensive final capstone project.
- Flexible, hybrid program: This program includes a mix of on-campus, scheduled remote (Zoom) and self-paced online (asynchronous) classes to give you flexibility in class formats. Designed to meet the needs of working professionals, the scheduled classes are held evenings and weekends.
- Convenient location: Attend in-person classes at our Boston campus which is a 5-minute walk from the Orange Line and offers free parking for students.
- No SAT or ACT tests required: Get started on your degree quickly and efficiently. We offer an easy online application and do not require SAT or ACT tests for admission to our undergraduate programs.
Managerial Accounting Bachelor's Degree Tuition Information
*See curriculum sheet for a breakdown of credits and credit ranges.
Managerial Accounting Degree Concentrations
A concentration can be a key element in your bachelor's degree, providing unique perspectives and skills that can enrich your career.
Courses
The Managerial Accounting degree at Cambridge College includes courses such as:
- Diversity in the Workplace
- Financial Accounting
- Financial Management
- Introduction to Statistics
- Business Ethics
- Choose your program of study. Browse our Program Finder to find your program.
- Complete and sign the online application.
- Pay the $50 application fee ($100 for international students) by the term start date.
- Send official transcripts directly to Cambridge College in a sealed, unopened envelope. Learn How to Send Transcripts
- Fulfill any additional program-specific admissions requirements.
- Ensure you have internet access, and a fully functional laptop or desktop computer that can play audio and video and access Microsoft Office (Word, PowerPoint).
Note: Your admission file must be complete and accepted before your financial aid may be awarded, before your transfer credit may be evaluated, and before you may register for classes.
Cambridge College undergraduate admission also requires at least one of the following:
- Original high school transcript showing graduation or a recognized equivalent such as a General Educational Development (GED) or HiSET certificate
- Or an affidavit confirming high school program completion in a state-approved homeschool setting.
- Or, if not required by state law, proof of high school education in a homeschool setting meeting state attendance exemptions
- Or enrollment in an eligible career pathway program
- Or proof of passing scores on an approved ability-to-benefit test (such as the Accuplacer Test administered by Cambridge College)
- Or nine credit hours of Cambridge College course work, applicable toward an undergraduate degree or certificate, completed with grades of B or better. (Non-matriculated students may not receive aid while earning credits.)
- Or 24 or more credits earned from a regionally or nationally accredited college or university. Note: Official college transcripts are evaluated for transfer credit. Courses not included in an earned associate degree must be earned at a grade of C or better to be eligible for transfer.
Managerial Accounting Degree Salaries and Careers
Employers are looking to hire diverse accounting talent as quickly as possible. There are an estimated 126,500 open accountant and auditor positions nationwide, reports the Bureau of Labor Statistics. The national median annual salary as of May 2022 is $78,000.* Additionally, Massachusetts is one of the top five paying states for accountants and auditors, with a mean yearly salary of $95,830.**
IMA Certification
Cambridge College understands the importance of IMA certification to your career. The Institute of Management Accountants reports that those with CMA certification make nearly $28,000 more annually than non-certified accountants.
Full IMA certification requires that you earn a bachelor’s degree in finance, accounting or economics; pass the CMA exam; and complete two years of work experience in one of the following areas:
- Financial statement preparation
- Financial planning and analysis
- Auditing (external or internal)
- Budget preparation and reporting
- Corporate investment decision-making
- Costing analysis
This experience requirement can be earned prior to, or within seven years of passing the CMA examination.
$78,000
Median annual salary for accountants and auditors nationwide, May 2022*
$95,830
Mean annual salary for accountants and auditors in Massachusetts, May 2022**
*Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Accountants and Auditors, https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm (visited November 18, 2023).
**Bureau of Labor Statistics, U.S. Department of Labor, Occupational Employment and Wage Statistics, Accountants and Auditors, https://www.bls.gov/oes/current/oes132011.htm#st (visited November 18, 2023).
Jobs in Managerial Accounting
Graduates with a Managerial Accounting degree are well-equipped to work in finance, bookkeeping and accounting positions within private, public, profit and nonprofit organizations. Examples of managerial accounting positions include:
- Corporate controller
- Accounting manager
- Financial analyst
- Budget analyst
- Auditor