Online Master’s in Taxation with no GMAT Requirements
With digitalization redefining the educational landscape, online master’s degrees have become popular among fresh graduates and working professionals. Amongst many, an online master’s in taxation stands ahead as a practical choice for those planning to deepen their knowledge around complex policies, systems, and regulations of taxes without having to pause their careers.
The unbeatable flexibility of online programs, combined with the rising demand for taxation professionals in both private and public sectors makes this an appealing path. Specifically, candidates who avoid standardized tests such as GMAT there are multiple accredited universities offering dynamic taxation degrees online without any GMAT requirements. So, you can easily move forward with your career in accounting and finance.
What is GMAT or GRE?
GMAT is an abbreviation for Graduate Management Admission Test, and GRE represents Graduate Record Examination (GRE). These are standardized tests conducted by most of the schools in order to assess the applicant’s readiness for an advanced study program. While GMAT is only applicable for business and management-related programs, the GRE helps candidates get accepted for a wide variety of disciplines.
However, many accredited universities offer online master’s in tax accounting in the USA without GMAT, mainly focusing on academic records and professional experience – opening doors and opportunities for a wider range of applicants.
More about GMAT and GRE
What is a Taxation Degree?
A taxation degree is basically a specifically designed program that focuses on laws, policies, and strategies related to local, national, and international taxation. The degree helps candidates learn about complicated taxing codes and policies, enabling them to advise clients, ensure compliance with changing regulations, and tackle the corporate tax responsibilities. Taxation programs often intersect with accounting and financing principles, making them the best choice for professionals who might be aiming to land a career as tax consultants, auditors, forensic accountants, or even tax law experts.
What is a Master’s in Taxation Curriculum Like?
The curriculum for a master’s in taxation is a typical blend of courses that revolves around theory alongside real-world application. The core courses often include:
- Federal Income Taxation
- Tax Research and Writing
- Corporate Taxation
- Estate and Gift Taxation
- International Taxation
- Ethics in Tax Practice
Some degree programs also offer electives such as advanced financial planning or forensic accounting. The inclusion of practical coursework alongside simulations and case studies help students apply their learning around taxing strategies in real-world scenarios.
Taxation programs such as SNHU MS Accounting and Villanova Masters in Taxation curriculum offer custom options addressing the latest industry standards, tax software tools and the legal updates. Most degrees take an estimated 12-24 months in competition and often include a capstone or practicum project.
Who is a Master’s in Taxation Degree For?
This degree is an ideal choice for professionals having a background in finance, accounting or law and aim to get a specialization in taxation. It’s also a great fit for:
- CPAs who might be aiming to further deepen their knowledge and expertise in taxing.
- Finance graduates exploring rewarding yet focused career tracks.
- Legal professionals who are associated with tax laws
- Accountants who are pursuing a leadership role in corporate tax departments
Types of Online Tax Accounting Degrees
There are a variety of online programs available that offer paths in tax education matching the many career goals and academic backgrounds. The best among them include:
Taxation Certificate Online – For candidates seeking quick knowledge and expertise without committing to a full-fledged degree, an online certificate can be the ideal choice. They are usually spanned at 6-12 months and cover topics such as ethics, corporate tax planning, and tax research. These certifications are a great choice for financial professionals or CPAs aiming to upskill in specific directions.
Online Forensic Accounting Master’s Degree – Though it’s not specifically focused on taxation, degrees in this domain offer a combined learning of tax and fraud detection. With modules in financial forensics, litigation support, and compliance, the path is ideal for candidates who are pursuing careers in legal consultation or investigation.
Master’s In Taxation without GMAT – Many top-tier, accredited universities such as, Villanova Masters in Taxation and Northeastern University Online MBA now offer a waiver on GMAT requirements for students carrying strong academic credentials or professional working experience. These programs allow students to dive deep into the tax laws, international tax, and research without any added hassle of passing the standard tests, etc.
Master’s in Taxation with GMAT – However, there are still some schools and universities that require GMAT scores to apply for a master’s degree in taxation, especially those coming with a background in finance or accounting. These programs might offer generic coursework in the beginning before diving fully into the advanced taxation topics.
Top Universities Offering Online Master’s in Taxation without GMAT
While there are many universities offering an online masters in taxation without GMAT requirements, let’s take a look at the best among them:
Villanova University – Master of Taxation (MIT)
Villanova offers a master of taxation program with a unique interdisciplinary approach, allowing both accounting students and attorneys to learn alongside. The faculty comprises experts from prominent law firms, businesses and government agencies. The program has been specifically designed for professionals, focused on practical and real-world application of tax practices.
The 30-credits graduate curriculum includes six core courses i.e., tax principles, tax policy, partnership tax, corporate tax, and ethics. In addition to that, there are six different electives allowing students to specialize in areas such as, estate planning, local tax, and international tax, etc. It comprises an 8-week course format without any requirement for GMAT or GRE in most cases.
Program Duration – It spans over a period of 2 years with flexible options. Students can double up courses and speed up or take a gap of up to 5 years if required. It offers all the options such as, online, hybrid and on-campus.
Cost – It costs around $1630 per credit, making a sum of $49,000 in total for the 30-credit hours.
Northeastern University – Online MBA with Taxation Concentration
Northeastern University offers a flexible, online and accredited online MBA with the choice of specialization in taxation. The program is ideal for professionals who might be seeking a thorough yet strategic understanding of tax within both the managerial and financial contexts. The program doesn’t require any GMAT or GRE scores from applicants with strong academic credentials or professional working experience.
The curriculum usually comprises the core MBA courses such as leadership, finance, and operations alongside electives in international tax, U.S. Taxation and tax research. It has been designed with a focus on interaction, including discussion boards, case studies and real-world business simulations.
Program Duration – Typically completed in 2 years, but students may take up to 5 years. Fully online.
Cost: Around $1,640 per credit; the full MBA program is 50 credits, totaling approximately $82,000.
Southern New Hampshire University (SNHU): MS in Accounting: Taxation Concentration
SNHU’s MS in Accounting with a Taxation Concentration is a fully online program tailored for accounting professionals who want to deepen their expertise in corporate, federal, and international taxation. GMAT is not required, and applicants with prior experience or academic credentials can directly qualify for admission. The curriculum consists of advanced accounting principles, financial statement analysis, and specialized tax courses, including federal taxation of individuals and corporations, estate tax planning, and tax research methodology.
Program Duration – Can be completed in as few as 15 months. Fully online.
Cost – $637 per credit; 36-credit program totals approximately $22,932.
Why Should You Opt For a Tax Accounting Degree Online?
There are multiple reasons why opting for a tax accounting degree online is a great decision, a few top among them may include:
Flexibility – you can learn from anywhere and according to your schedule without the hassle of meeting class-timings and deadlines.
Job Opportunities – the growing demand for tax professionals makes an online masters in taxation worth it. The U.S. Bureau of Labor Statistics (BLS) suggests, employment of auditors and accountants is expected to grow by 4% in between 2022 and 2032.
Career Advancement – with an online degree in accounting and taxation, you can certainly transition into a high-end, specialized role such as a tax advisor, audit manager, senior accountant, etc. Moreover, if you combine this degree with a CPA, your path towards executive-level positions can be streamlined.
Masters in Taxation Salary Potential – salary.com suggest, the average salary of a master’s in taxation in the U.S. ranges between $85,000 and $120,000, based on the location and expertise. Specialized roles such as forensic accounting or international taxing have the potential to further exceed the figures.
Accessibility without GMAT – programs such as Northeastern University’s online MBA and SNHU MS Accounting allow getting advanced education without any requirements of GMAT scores, making it simpler for professionals to enhance their learnings and make advancement in careers.
Conclusion
An online master’s in taxation degree offers a smart yet flexible path towards career growth in finance, accounting and legal fields. With an increasing number of schools and universities waiving the GMAT/GRE requirements, gaining an online degree in taxation and accounting has become more convenient and accessible.
Whether you’re seeking for a taxation certificate online, planning to get a masters in finance, or wondering if a master’s in taxation is even worth it – the answer lies in aligning the right program with your goals. Choose a program that matches your exact aspirations alongside opening the doors towards high-paying, respected, and stable careers.
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