In the accounting profession, technical expertise in areas such as financial reporting, auditing and taxation is vital for a successful career. However, the underestimated leadership and communication skills typically set many professionals apart from their peers. These soft skills are necessary for navigating complex situations and encouraging collaboration. Soft skills are particularly relevant for those pursuing an online Master of Business Administration (MBA) with a concentration in Accounting program from St. Cloud State University.
Reputable sources in the business and accounting spaces, like JTC CPAs, Indeed and the Journal of Accountancy, all emphasize the important role of leadership and communication in the accounting profession. JTC CPAs highlights how accountants “must be active listeners, adept at asking the right questions, and possess strong written and verbal communication abilities. The ability to convey complex financial information in a clear and understandable manner is crucial.”
Indeed reinforces this point, stating that “[e]ffective communication is necessary to ensure you clearly and concisely deliver information to the intended audience in a format they understand.” The Journal of Accountancy emphasizes the value of leadership, highlighting how accountants play a role in steering organizations through financial challenges and implementing plans. This requires leadership traits that include a human-centered approach rooted in empathy and authenticity.
How Can an MBA in Accounting Help Develop Communication and Leadership Skills?
A well-designed program like St. Cloud State University’s online MBA with a concentration in Accounting goes beyond technical coursework. It includes elements that develop students’ leadership and communication skills, preparing them to stand out in the field:
- Case studies and group projects. Analyzing real-world scenarios through case studies teaches students to think critically, solve problems collaboratively and develop strong decision-making skills, all essential leadership qualities. Group projects can sharpen communication abilities as everyone works towards a common goal. This requires negotiation, active listening and clear presentation of ideas.
- Presentation and public speaking courses. MBA courses provide students with the confidence and tools to effectively communicate financial information to diverse audiences. Such skills are valuable for client meetings, boardroom presentations and training sessions.
- Leadership courses and electives. Leadership classes or electives that study topics like team building, conflict resolution and effective delegation can provide a strong foundation for leading accounting teams, motivating colleagues and encouraging a positive work environment.
Enhancing Career Prospects and Professional Success
St. Cloud State University’s program prepares graduates for career opportunities and professional growth. Developing leadership and communication skills can enhance career prospects in a few ways:
- Increased job opportunities. With a well-rounded skill set that includes technical expertise and strong communication, professionals are more attractive candidates. They can apply for leadership roles within their organization or explore opportunities in consulting, financial analysis or corporate finance, where these skills are in high demand.
- Strengthened earning potential. Employees with strong leadership and communication skills tend to earn higher salaries because employers consider them valuable contributors to an organization’s success.
- Greater impact and influence. Effective communication and leadership allow professionals to influence decision-making, advocate for change and promote new ideas.
By prioritizing the development of leadership and communication skills alongside technical expertise, professionals can position themselves for a fulfilling and successful career in accounting. St. Cloud State University’s online MBA with a concentration in Accounting program emphasizes these soft skills, providing the ideal opportunity to launch a career as a future leader in the accounting profession.
Learn more about St. Cloud State University’s online MBA with a concentration in Accounting program.
