Is Accounting a good major?

Is Accounting a good major?

Yes, Accounting is a good major. As one of the oldest and safest professions, a degree in accountancy will certainly give you a wide variety of career options once you graduate. Even as Accounting becomes increasingly tech-driven, the role of the accountant will always be in demand. As BLS job metrics indicate, demand for qualified accountants isn’t expected to wane.

In many ways, Accounting is the backbone of all business. The Accounting profession is driven by analytics and analytical interpretations. The information derived from such functions provides a detailed record of a business’s financial health and stability. Thus, Accounting is used to track a company’s finances in whatever forms they may take; from credits, debits, and profitability to payroll and tax filings.

The Accounting field offers a wide array of career options from auditing, tax Accounting, and cost Accounting to managerial Accounting with several professional certifications for each. There are also opportunities in public Accounting, government agencies, or corporations, in addition to entrepreneurship.

 

Why is Accounting a good major?

Flexible career path:
Accounting is a good major because it will leave you with a variety of career paths to choose from. You could pursue a career as a chartered accountant, stockbroker, or forensic accountant, or you could head in a completely different direction and use what you’ve learned from your degree to become a business development manager, data analyst, or mortgage advisor.

High earning potential:
Accounting graduates have the potential to earn high-paying salaries depending on the career path they follow. If you choose to become a public or private accountant you can expect to start on a salary of around £18,000. With further experience and the relevant qualifications, you can aim to earn as much as £100,000 a year (National Careers Service).

Every industry needs accountants:
Accounting is a good major because you will have the skills to work in a profession that is constantly in high demand. Companies from all industries require accountants and finance professionals to manage their finances. High demand for Accounting and finance graduates means you will have strong job security.

Is Accounting major hard?

Yes. Accounting is hard with an intense workload, taking mathematics, finance, business, and accounting classes. One must study hard and give their best effort to be successful. You must enjoy mathematics because it takes a good foundation in numbers, problem-solving, and analysis to succeed in this field.

 

Career opportunities in Accounting Major:

Accounting is a good major because of the plentiful career opportunities across the profession, some of the popular opportunities are:

  • Actuary
  • Arbitrator
  • Chartered accountant
  • Chartered certified accountant
  • Chartered management accountant
  • Chartered public finance accountant
  • Data analyst
  • Economist
  • External auditor
  • Forensic accountant
  • Licensed conveyancer
  • Management consultant
  • Mortgage adviser
  • Procurement manager
  • Retail banker
  • Stockbroker

Some classes Accounting majors may likely take:

  • Financial Accounting.
  • Managerial Accounting.
  • Cost Accounting.
  • Income Tax Accounting.
  • Auditing Theory and Practice.
  • Accounting Entities.
  • Cost Accounting
  • Economics
  • Finance
  • Government Accounting
  • Management
  • Marketing

What other majors are related to Accounting?

 

Accounting Major Analytics

Course difficult 34%  ℹ️
Acceptance rate 11% ℹ️
Relevance metric 34%  ℹ️
Job availability 25%
Estimated number of student Nil
Number of schools 390 ℹ️ See schools here

 

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