Top 9 Renowned Institutions for MBA in Taxation

If you are interested in a career in taxation and possess strong quantitative skills, you should consider an MBA in Taxation. In recent years, this course has attracted many students’ interest in gaining advanced knowledge in the field of taxation. As a result, they have been successful in the Private, Public, and Cooperation sectors. By the completion of the course, the student has built broad business knowledge and is prepared for cross-functional decision-making. Tax management, analytical skills, critical thinking, and tax advising are among the skills that recruiters look for when hiring a fresh graduate or an experienced. These are the skills a graduate will possess upon completing the program.

What is an MBA in Taxation?

Practically, in MBA, the curriculum provides students with a better grasp of management issues and the role of business firms in society’s economic system. With an MBA in Taxation, a student explores core business principles from a management perspective, as well as tax management practices from an in-depth perspective.

The standard Masters of Business Administration in Taxation program consists of core courses that include topics like Financial Statement Analysis, Controlling, International Taxation, Accounting, etc. Many schools have made the program available both on-campus and online, giving students the flexibility to study from home.

The taxation specialization offers students an opportunity to focus on the technical aspects of taxation. Specifically, so that he or she may join and advance in the profession of public accounting as a tax specialist or in corporate management relating to taxes. One can gain a better understanding of both the tax perspective and the management perspective of tax management.

This course provides training in detecting fraud, analyzing tax policy, and identifying potential risks. Throughout the course, you will also learn how to identify and manage typical tax drivers and risks, implement mitigation strategies, manage tax planning, and deal with post-transactional risks. Almost any school will allow a student to take part in the following areas with the taxation training program.

• Organize professional competency building activities
• Develop tax management awareness
• Learn how to solve real-life problems
• An introduction to management theory with a practical orientation
• Understand business holistically and strategically.
• Identify tax management strategies, techniques, and methods
• Understand the basics of taxation
• Become a collaborative thinker

Career After an MBA in Taxation

You will be prepared to assume various management roles in a variety of organizations and industries. Currently, many Taxation graduates are employed in the following roles: International Tax Manager, Taxation Accountant, Tax Consultant, Tax Analyst, etc.

A Master’s degree in Taxation can give you the chance to work at higher management levels in a highly profitable field that is growing faster than other jobs. You can also get a better job if you are already employed in a finance field. After you have completed your program, you will likely find that you possess highly marketable skills that allow you to fill positions in accounting, auditing, or financial analysis.

You might find yourself working with individuals as a financial adviser. You might also work for a small business, a large corporation, or even a nonprofit organization. It may even prepare you to become a Chief Financial Officer, particularly if you have earned your degree.

The Following Are Examples of the Types of Financial Managers You Can Become:

Controllers: The controllers work on preparing financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and an analysis of future earnings or expenses.

Treasurers and Finance Officers: They are in charge of directing the budgets of their respective organizations to achieve their financial goals. They are responsible for supervising the investment of cash and implementing capital-raising initiatives to assist the firm’s expansion.

Credit Managers: They are in charge of their company’s credit operations. They define credit-rating criteria, credit ceilings, and past-due account collection procedures.

Cash Manager: To fulfill business and investments needs, cash managers monitor and control the movement of cash in and out of the company. They must, for example, forecast cash flow to assess whether the company will have a cash shortage or surplus.

Risk Managers: They manage financial risk by implementing techniques that reduce or eliminate the likelihood of a financial loss or a company’s exposure to financial risk. One of the risks they try to avoid is currency and commodity price changes.

Insurance managers: They determine ways to effectively limit a company’s losses by getting insurance against risks such as the need to make disability payments for an employee who is injured on the job or the costs incurred as a result of a lawsuit filed against the company.

Cost Estimators: Real estate developers hire cost estimators to undertake feasibility studies and takeoffs to ensure that a development project is financially viable. Cost estimators assess the total costs of a project to the income that the commercial property will generate over time.

Have a look at the most important Accounting Interview Questions Answers

How Much Do Taxation Managers Earn

MBA in Taxation is regarded as an important credential in the industry and will lead to professional designations such as Certified Professional Accountant, Certified Managerial Accountant, and Certified Financial Planner). Your income mainly depends on factors like location, demand, experience, proficiency, and many more criteria according to the recruiter.

However, this is an approximate salary figure that graduates earn after getting a Master’s of Business Administration in Taxation. Here are a few average salaries of careers you get into after a Master’s degree in Taxation

• A tax consultant in a year earns around ₹385k – ₹838k (Estimated *) and on average it is near ₹539,478. Likewise, a chartered accountant from the early itself earns an estimate of ₹811k – ₹5 m, which averages to ₹1,520,746. An executive assistant gets approximately ₹348k – ₹1 m. Overall, the average sums up to ₹679,137.

• Other job profiles like finance manager and a financial manager also get a handsome amount of money by the end of the year. It amounts to over ₹359k – ₹1 m and ₹288k – ₹915k respectively. The average financial manager after completing an MBA in Taxation is ₹530,705 roughly.

• Quality Analysts earn an estimated minimum of ₹341,001 to ₹1 million. On average, a quality analyst in their mid-career earns around  ₹600,238. A rough figure for a Regional Sales Manager is ₹799k – ₹3 m (estimated) and in the midst of their career they could be expecting around ₹1,590,293.

• Everybody is required to file taxes, whether they are large corporations or individuals. Every year, April 15th comes around, and most tax professionals have plenty of work during the tax season. Before obtaining a manager-level position in finance, a tax professional will need to master many skills, including closing the year-end books and auditing financial statements.

Also Read: Career and Salary After BAT Course

Who Can Attend an MBA in Taxation Program

If the candidate hopes to be admitted to the MBA program, he or she must successfully complete a bachelor’s degree in banking and taxation within the past two to four years. Sometimes students from other areas who haven’t studied business subjects can apply, but they’ll have difficulty coping since they have no knowledge of these subjects as others who have already studied them have.

Prospective students should do their homework as they select a program. Program costs vary widely depending on factors like the duration of the program; whether the program is offered online or on campus, and whether the school is public or private.

You can complete your full degree online, which is ideal for those who require a flexible schedule. Search for your program accordingly, and contact directly the admissions office of the school of your choice by filling in the lead form. MBA in Taxation requires minimum eligibility for a graduate-level degree.

• Students with a BBA, BBA or related degree in banking/taxation are eligible for this PG degree program.
• MBA-MBA-BT admission requires 50% marks.
• MBA-BT admissions are based on merit/entrance exams.
• Admissions to the program are determined by GRE, GMAT, CAT, SNAP, and MAT.
• MBA program students are charged an average of between INR 2,000 and INR 3,600,000.

Best MBA in Taxation Programs Offered Across the World

1. University of Southern California

In the online master of business in taxation degree at the University of Southern California’s (USC) Leventhal School of Accounting, guest experts present case studies and interactive exercises in its 30-credit program. The goal is to expand the skill set of public accountants, private sector professionals, or regulatory agencies.

As part of this master’s program, students must complete five three-unit core courses and an additional five three-unit electives. Virtual classrooms serve only one lecture per week to professionals, so the program’s format is designed to satisfy working professionals. In the event of the student’s ability, the remaining two hours of weekly class time may be completed.

The following criteria must be met to be eligible for admission to the USC MBT program:

• A year of full-time experience in a tax-related field.
• Completing prerequisite courses in micro or macroeconomics and intermediate financial accounting,
• The undergraduate GPA should be 3.0 (preferable), and the minimum age of 18 is required.
• During the last five years, a satisfactory GMAT score was achieved.
• The applicant must pass all parts of the uniform CPA exam.

2. Suffolk University Sawyer Business School (Dual Degree)

Students are taught a 48- to 66-credit curriculum that contextualizes their place in the business world as future business leaders with the ability to lead large-scale change. You can explore world-class cluster systems, value-based financial management, managerial statistics, and taxation of pass-through entities as examples of the program’s courses.

Suffolk’s dual MBA and master’s degrees are worth their weight in gold, with a 100% job placement rate. Foreign and domestic applicants to the program must submit scores on either GMAT or GRE, unless eligible for a waiver. The dual master’s and MBA in taxation degrees can provide students with a global perspective on business.

This mixed online and on-campus program is designed by Suffolk University’s Sawyer Business School and focuses on developing skills in strategic planning and taxation at the corporate level.

Recommended Read: Business Accounting and Taxation Course Colleges

3. St. John’s University:

The Tobin College of Business offers an online MBA in Taxation that gives you the technical and theoretical knowledge you need to interpret complex tax laws and regulations. You can earn your St. John’s MBA degree entirely online. While offering the convenience of taking courses online, they maintain the same high academic standards that students experience on campus.

In virtual classes, students take exams, share documents, and exchange ideas with their classmates and professors. You will get a full academic experience. Additionally, you can benefit from the excellent resources available to everyone in St. John’s students, including:

• Scholarships and financial aid are valid
• Fees and tuition are similar to those for online courses
• Having access to library collections, career services, mentoring, and other academic resources

 4. SSBM Geneva

This postgraduate program focuses on the practical relevance and applicability of the curriculum. There is a wide scope of management topics covered in the Online MBA program, including financial risk management, global business environment, leadership, marketing, and communications.

As a student, you will gain access to practical projects and learn to apply the curriculum to real-life problems. The online MBA in Tax Management program is offered in English brings 60 ECTS credits, and is organized into core courses and seminars. The program takes place Online.

Over 20 business and industry partners contributed to the development of the online MBA in Tax Management. In addition to providing high-quality teaching experiences, the professors will keep you engaged and motivated, so you can leverage your professional development and advance your career.

5. University of North Carolina Kenan-Flagler Business School

Students can choose from a broad selection of electives to customize their degree, as faculty with expertise in business communication, strategy, analytics, management, finance, accounting, and marketing offer professional courses that build a strong intellectual foundation.

There are a variety of electives offered in this area of study, including derivatives, mergers and acquisitions, strategy and incentives, real estate finance, and financial statement analysis. This online business graduate program in corporate finance from UNC’s Kenan-Flagler Business School is a well-rounded program that prepares students for rewarding careers in the financial industry.

In addition, the school holds virtual company information sessions that directly connect employers with students, just as they would at an in-person event. Additionally, UNC’s career services offer students the opportunity to leverage their education for professional opportunities. A GMAT or GRE score of 500 or higher is required for acceptance to this 66-credit program.

Recommended Read: Certificate Courses in Financial Accounting and Taxation

6. Syracuse University, Martin J. Whitman School of Management

Students of the Whitman School of Management at Syracuse University are placed in many of the top multinational accounting firms, including all the Big Four (KPMG, Ernst & Young, Price Waterhouse Coopers, and Deloitte). By completing 54 credits of coursework in Whitman’s online program in accounting, students are prepared for careers in auditing, taxation, and consulting.

This includes three in-person residencies and a required internship. Additionally, students seeking to strengthen their credentials and position in the accounting labor market have regular opportunities to participate in industry-related events and access to a robust career center.

To ensure its program meets the requirements of modern businesses, the Whitman School of Management employs an advisory board of accomplished industry veterans. Applicants with a 3.0 undergraduate GPA and at least one year of professional experience are eligible for a GMAT waiver.

7. Southern New Hampshire University

A 36-credit curriculum includes nine MBA foundation courses and three advanced accounting courses, plus the option of a graduate certificate in one of several fields. Applicants can forego some foundation courses if they have relevant undergraduate experience, and they are not required to submit GMAT or GRE scores.

The Southern New Hampshire University (SNHU) MBA in accounting program is one of the most affordable programs in the United States, and it provides comprehensive training in financial management, budget analysis, as well as financial reporting and planning.

As a graduate of SNHU’s program, you will have lifetime access to an extensive network of successful alumni who can assist you in finding gainful employment.

8. Villanova University

Villanova University’s MBA degree emphasizes practical instructions in tax law that are continuously updated to reflect new developments in the field. A 30-credit curriculum consists of six required courses and three electives. The six mandatory courses are a survey of tax, tax I and II, professional responsibilities in taxation, research and writing, and corporation and shareholder taxation.

Among the electives offered are income taxes, employee benefits, executive compensation, green tax planning, introduction to international taxation, and taxable acquisitions.

Also Read: Skills Required for an Accountant

9. University of Cincinnati Carl H. Lindner College of Business

The 38-credit program requires ten hours of business foundation coursework for those with an undergraduate degree in an unrelated field. As a result, members of this program will receive high-quality training in the areas of federal and corporate taxation, accounting, finance, business analytics, management, ethics, and law.

In contrast to most other schools, the Carl H. Lindner College of Business at the University of Cincinnati (UC) offers an accelerated online MBA with a corporate taxation concentration that can be completed by students who have an undergraduate degree.

UC is competitive since applicants must demonstrate a high degree of professional and academic achievement, including GMAT or GRE score submissions. Students who meet strict eligibility criteria may receive waivers.

FAQs

Ques 1: What are the benefits of an MBA program?

Ans: Career opportunities are plentiful and will have a wide scope because the market is growing rapidly.

Ques 2: What professional background do I need for the BAT course?

Ans: Majorly students with commerce and law backgrounds should pursue this program to enhance their knowledge.

Ques 3: What is the total duration of the MBA in Taxation Program?

Ans: A minimum of one year; a maximum of two years, depending upon the curriculum.

Ques 4: Can I get a Scholarship while applying for a College in MBA program

Ans: Most colleges that select through the entrance examination will have a Scholarship provision, while others provide scholarships based on merit. You may be eligible for a scholarship if you meet their criteria.

Ques 5. How can I enroll in the BAT course?

Ans: Applicants may apply online or offline methods for admission (e.g. completing a form with their handwriting).