Last Updated on September 7, 2022
Accounting is seen to play a very vital role in every business or organization as it involves the work process of classifying, recording, measuring, selecting, interpreting, and communicating financial data which enables users to make decisions. It is a great career choice for anyone offered by some of the best accounting schools in the world.
There are several accounting universities around the world, some of which are recommended to have a good learning experience for anyone who wants to earn a degree in accounting. This article has a list of the top 10 accounting schools you might want to know about. But before then, let’s consider what accounting is.
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What is Accounting?
Accounting is the practice of recording, classifying, and reporting financial and non-financial information about economic entities such as businesses and corporations. Otherwise known as accountancy, it involves creating and submitting reports and other financial documents to managers, stakeholders, business owners, and external auditors.
Accounting course in the university involves a four-year bachelor’s degree program after which graduates of this course can work almost anywhere and have career opportunities as Accountants, Budget analysts, etc.
10 Best Accounting Schools
Here’s a look at the top 10 accounting schools in the world:
1. Harvard University
Harvard University situated in Cambridge, Massachusetts, USA, is the oldest higher institute in America and has consistently gained the recognition of being the best accounting school in the world. It is famous for producing notable alumni, as well as important figures in finance, including Bill Gates and Mike Bloomberg, and the likes. This university has a renowned Business School well equipped with good learning facilities and highly accomplished professors.
Tuition fees: $72,000 per year
2. Massachusetts Institute of Technology (MIT)
The Massachusetts Institute of Technology (MIT) Located outside Boston in Cambridge, Massachusetts, is considered to have one of the most competitive and high-profile accounting/ MBA programs in the world. With its stellar academics, incredible research opportunities, and the best faculty team, most accounting students find MIT’s Sloan School of Management a perfect schooling destination.
Tuition fees – $55,878.
3. Stanford University
Stanford University situated in California homes the third best accounting school in the world. It features 18 research institutes and seven schools, including the Graduate School of Business. There are several finance and accounting courses to choose from as an undergraduate, with numerous unique offerings, including its executive educational programs covering a wide range of finance, accounting and business-related courses.
Tuition fees: 55,200 USD
4. London School of Economics
The London School of Economics is a public research university found in London, England, and as well a constituent college of the federal University of London. Being one of the most renowned and top accounting schools in the world, the London School of Economics is entirely dedicated to offering some of the best courses revolving around economics and finance.
Tuition fees are 9,250 GBP for resident students and 18,408 GBP for international students.
5. Oxford University
Oxford University is a research institution in Oxford, England among the leading universities when it comes to offering some of the best accounting programs. This institution is famous for having a unique teaching method, designed to draw out the best in aspiring accountants and finance specialists, with a personalized approach to learning amongst some of the world’s leading professors. It has a good learning environment, featuring standard classrooms, libraries, research facilities, and lots more to make any student comfortable.
Tuition fees: 37,750 GBP
6. University of Cambridge
The University of Cambridge Located in Cambridge is a top international institution that gained a good reputation for world-class tutoring, academic excellence, and research work. It has a business school and the department of accounting which offers educational training in areas of bookkeeping, accounting, finance, and banking careers and various accounting and finance courses which one of the best in the world.
Tuition fees: Its tuition fees range from 5,500 – 59,000 per year
7. University of Pennsylvania
The University of Pennsylvania, located in Philadelphia, is a private institution that offers its accounting undergraduates a genuinely world-class education utilizing a semester-based academic calendar. This school’s courses merge traditional accounting with modules that reflect the profession’s evolution, such as predictive analytics and basic programming. It provides students with access to highly innovative study facilities, a flexible study schedule, and integrated leadership modules that are purposed to develop efficient leaders in the professional services industry.
Tuition and fees are $61,710.
8. University of California
The University of California, Berkeley is a public research university in Berkeley, California, and has one of the most prestigious economics departments in the world. The UCB’s Haas School of Business focuses on equipping students with extensive accounting knowledge and technical skills. Students here gain early access to recruiters, accounting professionals, and exclusive networking events, along with visits to international accounting firms which made most UCB alumni’s highly recognized.
Tuition fees: $37,448 for residents and $68,474
9. University of Chicago
The University of Chicago Located in Illinois is renowned for its rigorous pursuit of knowledge and distinctive style of education. At the University of Chicago’s Booth School of Business, students interested in finance and accounting are exposed to a legendary finance curriculum that involves how to evaluate economic events and performance at a deeper level to effectively interpret and make decisions that lead to outstanding outcomes.
Tuition fee: 74,919 USD per year
10. University of New York
This institution is situated in Greenwich Village a very modern and progressive college with additional campuses in Abu Dhabi and Shanghai. It has a renowned and very business-oriented school that helps students acquire knowledge in the field of accounting offering a wide range of courses and programs.
Tuition fee: 58,144 USD per year
Conclusion
Studying at any of these reputable accounting universities in the world is a big step towards understanding the day-to-day business of accounting as well as developing an international accounting career. A better choice could be made with a list of top accounting schools.