Any point in double-majoring in both Finance and Accounting?

<p>For a long time, the plan was to major in Finance. My dad suggests Accounting because he said I'll always find employment. Is there any point in majoring in both? The school I'll be transferring to (eventually....) offers them as "concentrations" within their management degree program. If I do both, I'll have 18 extra credits to complete. As for career, I'm not sure what I want to do. I just want to have MONEY and an uber-comfy lifestyle.</p>

<p>Thanks</p>

<p>Oh, and BTW I’m 29 and returning to school.</p>

<p>It depends on what type of job lifestyle you want and what subject you like better.</p>

<p>Are these concentrations or actual majors?</p>

<p>I think an accounting degree would be more useful and get you a job quicker.</p>

<p>For one semester extra, do both and have ultimate flexibility. Finance jobs are tough to come by typically, especially the elite ones. Accounting is needed everywhere are offers job stability–Having both can really only help you.</p>

<p>Agree. Accounting is fundamental in finance and accounting is also a great career. In every recent jobs report it always has accountants as the top paying job after graduation. Consider it a great hedge.</p>

<p>Sigh, I know I’m going to get flamed up the arse for saying this since I’m in the minority on this, but unless you want to be an accountant, I don’t think a double major in accounting and finance will add much. You do need to take more accounting than just the first 2 intro courses, but taking a couple of classes in the intermediate financial accounting series is usually sufficient, unless you’re really looking at doing the corporate finance + CPA route. Most of the ish you learn in any major isn’t going to be that useful on the job, and outside of the intermediate series, I’m not sure how much super in-depth accounting knowledge will move the needle. If you want to be an auditor, then its different, but for other corporate jobs, I’d say its not a big deal.</p>

<p>If you already take the intermediate courses, then why not just finish out an accounting major? At that point you will have finished many of the core classes and really wouldn’t have much left to do (which I guess is what this original poster is facing).</p>

<p>I think a basic understanding of Tax would be extremely beneficial to finance. Understanding tax implications is vital–I have a completely new appreciation after taking Tax 1 this semester and sitting for Corporate Tax next semester. Auditing would also give a finance person more understanding of how to decrease interal risks once they are in a management position.</p>

<p>Are some accounting classes probably not going to be very useful? Of course. For example, government accounting and not-for-profit entities is not going to be valuable for someone unless they work in finance for their local state or local governments.</p>