accounting vs finance vs various other business degrees

<p>Hi all!</p>

<p>I was hoping you wise folks may have some input that I could pass on to my sister.</p>

<p>Smart kid... very shy and quirky... creative... She did two years of college and decided it wasn't for her at the time... graduated with her associates in business. She did pretty well... mostly a's with a few B's and I believe one C (economics).</p>

<p>She's 24 now and has been with her company (financial services company) for about three years and now she's contemplating finishing up her bachelors degree. (company will pay as long as it's related to her job.) She currently works in the accounting dept.</p>

<p>She's been eying up different programs at local schools (wants to go at night) and is just a bit unsure as far as what jobs the accounting degree vs say a finance degree would lead her to. </p>

<p>She said she does not want to be in investment banking so she's thinking finance may not be for her if that is the intended outcome of the program. She's decent at math (though last night I was doing math faster in my head then she was on her calculator, lol) and she thought maybe a finance degree would help her with analyzing numbers and making data recommendations and stuff like that in like an analyst position. She hated her economics classes in college. She's worried that accounting will get old and bore her - but she at least has an interest in it and did well in the courses she's taken on the subject plus it's what she's doing right now.</p>

<p>She thought about finishing up a business administration degree which would be more well rounded but give her less of a focus in a particular area.</p>

<p>I suggested marketing - She's very creative and I think she would be great at something like advertising... though she's not sure if that concentration would be covered by the company or not. She is definitely NOT a people person and wouldn't want to be in like the sales end of such a field.</p>

<p>She said she doesn't want to major in any type of management.</p>

<p>Any thoughts?</p>

<p>If she could not keep up with the math in econ it may be best for her to go with accounting. Also there are many accounting jobs out there. Eventually getting a CPA should help her income quite a bit.</p>

<p>i don’t know if she had a problem with the math in econ or rather just disliked the class… I’m great at math but hated economics classes too for some strange reason.</p>

<p>She’s also taking a bunch of acct/banking related courses through her work right now.</p>

<p>I know she took statistics in high school and business statistics in college and I believe she liked that.</p>

<p>Accounting has been a wonderful experience for our quiet but creative D2. She is currently a senior accounting major and will graduate this spring. She has been accepted to grad school to obtain her MS Acct degree. In our state you must have 150 credit hrs in order to sit for your CPA certification. Does your sister want to be a CPA or just get the degree? Our D2 already works part time in the accounting department of a private company and loves the industry side but will pursue the public accounting certification so she can have the option to branch out on her own. There are different areas to specialize in for accounting. D2 was bored with tax accounting but is really intrigued with healthcare and forensic accounting and also auditing. </p>

<p>Good luck to your sister as she plans her future! What a nice sister you are to help.</p>

<p>I’m not really sure that she knows what she wants to do with it - the fact that she actually wants to finish up her bachlors is a big step. One step at a time - lol.</p>

<p>I honestly think she likes the company she works for so she may even just be trying to open her self up to more opportunities there.</p>

<p>She works full time in the accounting department so do I think she’s leaning towards that as a major. She’s been looking at local schools that have hybrid courses - online or in person. She said she’s not sure if she’s focused enough to do online classes so she wants to be somewhere that she has the option to do either. Thankfully there are quite a few colleges in her area that have this mix.</p>

<p>Does anyone know how it works with credits transfering over from one school to another? She’s been out of school for 4 years.</p>

<p>The one school she liked but it didn’t seem to have any accounting classes offered at night - which seemed strange to me. Do you know if these could be taken at say a local community college and the credits transfered in?</p>

<p>The University where D2 attends has some strict acceptance rules for classes in that particular major. D2 was a sophomore transfer so we were keenly aware of what the rules were. It is best to talk to their transfer advisor if they have one. They are extremely helpful.</p>

<p>How about a dual major, finance and accounting? Or maybe a major/minor of the two? The accounting degree will keep her employed while the finance degree will help with analytical work. As I recall, finance and accounting many classes apply to both so you don’t have to take than many additional classes to major in both. As I recall, I needed to take an auditing class or two in order to change my accounting minor into a dual major (didn’t want to do auditing work).</p>

<p>Accounting undergrad here… Accounting is good for people that have attention to detail and like ‘rules’. It’s a great major to launch into financial analysis, as it provides a sound grounding in the ‘whys’ of the line items of financial statements. </p>

<p>Which economics did she not like - macro or micro? I found Micro had overlap to Accounting, as it was equating supply & demand. I hated Macro, as the concepts were very philosophical and not real grounded.</p>

<p>Have her look into actuarial science. It sounds like a good fit for her.</p>