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University of Phoenix Accounting Degree Review

With the ever-increasing costs of higher education, many students are looking for alternative options to a traditional university setting. With online education, students can take classes at their own pace, focus on their own interests, and still keep up with the demands of a full time job or a family while they’re earning their degree. However, many students wonder if online educational universities, like the University of Phoenix, will provide the level of education they’ll need to advance in their future career. Here’s how to determine if the University of Phoenix is a good school, and the right university higher education choice for you.

Is the University of Phoenix a Good School?

The University of Phoenix was established in 1976. It was made to be a university that catered to “non-traditional students,” including adults who were returning to universities for degrees. In 1989, the University of Phoenix launched its online degree program, making it one of the oldest continually-running online degree programs of its kind.

The University of Phoenix maintains its commitment to serving non-traditional students, and has even founded a research center that focuses on finding which teaching methods work for nontraditional students. This for-profit private educational institution is one of the most well-known online degree programs around today.

University of Phoenix Accounting Program and More

Today, the University of Phoenix offers more than 100 online and offline degree programs at the certification, associate, bachelor’s, master’s and even PhD levels. The University of Phoenix has more than 300,000 undergraduate students annually, and more than 60,000 postgraduates. Campuses are located in 40 states, as well as in Mexico, Chile and the Netherlands.

The university operates on an open enrollment system, meaning that students are guaranteed acceptance as long as they have a high school diploma or GED equivalent. A prior learning assessment also allows students to gain credit for basic courses depending on their existing knowledge.

New features to the University of Phoenix online program allow students to try classes out on a free trial basis, before they enroll.

Some of the highest-graduating programs include teaching degrees, nursing degrees, and information’s technology degrees. The University of Phoenix also has the largest business school in the county, and graduates thousands of MBA candidates annually.

When considering whether the University of Phoenix is right for you, it’s important to weigh the tuition costs, the job prospects for graduates, and some benefits you might lose by not attending a traditional university.

Who Goes to the University of Phoenix

The average attendee to the University of Phoenix are females between the ages of 33 and 36. Two-thirds of the attendees are female, and around 29 percent of all students study business. Approximately 25% of the school is African American, and 13% are Latino.

How Much Does the University of Phoenix Cost to Attend

Tuition varies at the University of Phoenix based on the type of degree that you’re seeking, as well as the level of degree sought. Tuition also varies depending on whether you choose a solely online course program, or a combination of online and on-campus classes. However, with each semester totaling only around $1,000, the University of Phoenix can be one of the most affordable higher education options.

The low tuition cost makes this online degree tract affordable for someone who is seeking a cheaper option that also fits into their busy schedule. However, keep in mind that many traditional educational institutions also offer online degree programs that may be at an affordable tuition rate.

The University of Phoenix also receives a number of financial aid assistance grants, like the Federal Pell Grant. In 2008, the University of Phoenix received more Pell Grant federal financial aid than any other institution of higher learning.

Job Prospects for University of Phoenix Graduates

One of the best ways to evaluate an institute of higher education is to look at the job prospects for its recent graduates. In 2011, enrollment in the university fell almost 30 percent because of statistics that cited low job prospects for recent graduates.

University of Phoenix degrees are “real” and fully accredited, so they should be valid for any graduate seeking placement in the work place.

Many potential attendees to the University of Phoenix worry that once their degree is completed, it may not be well-respected in the work place. The University of Phoenix has shown a drop in job placement for graduates. However, in the overall economy of the United States right now job prospects are low across the board. Because the University of Phoenix is an accredited online program, it should be recognized and accepted by potential employers.

If you’re seeking a job that requires a degree higher than an associate’s or bachelor’s, beginning your degree online and finishing it at a traditional institution of higher education may be a better option. This can provide you with networking connections, prepare you for the rigors of a higher educational degree, and also give you the in-person support that the University of Phoenix may not be able to offer.

Why An Online Accounting Degree Might or Might Not be Right for You

The University of Phoenix is a good option for people who:

  • Need a very affordable higher education option
  • Are too busy to attend a full-time on-campus degree program
  • May have low grades or other stipulations that could prevent them from enrollment in a traditional university setting
  • May want to seek a higher degree level at a traditional university, but don’t have the grades or time to do so right away

Unfortunately, you may miss out on the benefits of a traditional university setting, which include:

  • Networking with individuals in your courses, whether that’s in nursing, business or the field of your choice
  • Having the benefits of a career placement center or career advisement
  • Having a higher educational degree from a traditional university setting may provide you with more potential and benefits for advancement