You enjoy working with finances and numbers, but you are still wondering if accounting is a promising career, or if going for a major in accounting is worth it. We got you covered.
The short answer is yes. Aiming for a degree in accounting is a good investment in your career.
The demand for graduates with accounting degrees is very high. According to the Bureau of Labor Statistics, employment for accountants and auditors is expected to grow 7% for the next 10 years (2020-2030), which is faster than the average for all occupations. About 135,000 openings for accountants and auditors are projected each year, on average, over the decade.
So, according to the statistics, it is most likely that you will be able to get an excellent job with a degree in accounting. On top of that, ob satisfaction is very high.
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Do You Need a Degree to Get In the Accounting Field?
Even though a few jobs in accounting do not require a college degree, many accounting careers require at least a bachelor’s degree. Recent high school graduates, some career switchers, and people who already hold an associate degree in accounting make great candidates for a bachelor’s degree.
Becoming an accountant requires advanced education, formal certification, and a firm commitment to learning the trade. An accounting degree is a good base. Many accountants pursue a master’s degree and CPA (Certified Public Accountant ) licensure.
An accounting degree is also the first step to specializing in specific fields in accounting. For example, in most states, you cannot take the CPA exam without a bachelor’s degree, which is one of the most important certifications for an accountant.
Is Accounting Degree a Hard Major?
Many people assume that studying accounting as a major is a hard task. However, that depends on your natural skill set and how much you enjoy learning to work with numbers and the courses provided in this program. Accounting majors take financial, governmental, managerial, tax accounting, business law, and auditing courses.
Some say that studying accounting can be challenging. But if you have basic math skills and an affinity to the coursework, it should not be hard. It is no more complex than a business degree. To become an accountant, you need to be precise often and pay attention to the details.
Requirements to Get Into an Accounting Program
Anyone considering a bachelor’s in accounting should demonstrate an interest in accounting, finance, and business. Analytical, detail-oriented students thrive in these programs.
Accounting is one of the programs that lead to excellent lifelong career opportunities. Getting into an accounting program is not more difficult than many other popular fields of study that lead to the same excellence.
As though it is not that hard, it does require a complex set of skills and abilities, as well as excellent attention to detail.
Why Get an Accounting Degree?
Getting an accounting degree can be a very good idea and an excellent investment for your future. You will learn a lot and have a solid base for a stable future. Below we have presented some of the best benefits you will gain from earning an accounting degree.
Developing technical skills
An accounting degree will help you in your career, by providing you with many different skills that will be beneficial for your job.
Some of the hard skills you will learn in your studies program are:
- Tax law and liabilities.
- Financial statement preparation.
- Internal controls and audits.
- Accounting information systems.
- Cost management.
You will also gain transferable skills such as critical problem solving, strategic and big-picture thinking, organization and time management, effective communication and collaboration, and research and analysis.
According to a study, the top accounting skills for success are analytical skills, organization, critical thinking, interpersonal communication, adaptability, time management, industry knowledge, spreadsheet proficiency, team collaboration, and writing.
In your studies program, you will be able to develop all these skills that will help you be more efficient and successful at your job.
Great career opportunities
According to the Bureau of Labor Statistics, employment for accountants and auditors is expected to grow 7% for the next 10 years (2020-2030), which is faster than the average for all occupations. About 135,000 openings for accountants and auditors are projected each year, on average, over the decade.
There are many career options for graduates with an accounting degree.
With an accounting degree, you may pursue employment as an Accounting Manager, Certified Public Accountant (CPA), Financial Analyst, Financial Controller, Financial Manager, Auditor, Senior Accountant, etc.
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Rewarding salaries
According to the Bureau of Labor Statistics, employment for accountants and auditors is expected to grow 7% for the next 10 years (2020-2030), which is faster than the average for all occupations. About 135,000 openings for accountants and auditors are projected each year, on average, over the decade.
According to the Bureau of Labor Statistics, professionals make excellent money – half of them earning around $73,560 and more per year, and report a high job satisfaction rate.
According to the U.S. Bureau of Labor Statistics, the average salary for an accountant is $73,560, higher than the average of all occupations, which is $41,950 according to the U.S. Bureau of Labor Statistics. Salaries may vary, depending on the company and the state where you work.
Gain lifelong credentials
Degrees and credentials in accounting are not mutually exclusive. However, a degree in accounting can be a good base for getting future certifications and credentials.
Continuing your education is a good investment of time and money, and will serve you a lifetime, as for the knowledge and skills you gain. It is an asset that cannot be taken away from you.
In accounting, you can use your credential as a professional to enhance your career and set of skills. There are a few resources for certification, specialization, and eligibility according to your career path. And, of course, your employer may invest in you by offering financial support or other guidance to complete certification.
According to a study, some of the best accounting certifications you can earn are certified professional bookkeeper, chartered general accountant, chartered management accountant, chartered professional accountant, computerized accounting certification, fixed asset accounting software, and certified payroll manager.
Earning an accounting certification/credential will help you in different ways. It gives you increased career opportunities that go beyond bookkeeping, possibilities for a higher payment, and even flexibility to switch careers.
Final Thoughts
Accounting is not one of the easiest programs to study. Still, it is really worth the effort when you think of the excellence, the doors it opens, the career opportunities, earning potential, and the respect you gain in society with having a Degree in Accounting. So, if finances trigger you, you should definitely go for it.
