Masters of Accountancy or Start a Business? Need advice

<p>Hi Everyone,</p>

<p>I graduated with a Bachelor's of Science in Education with a 3.91 GPA from a pretty obscure Midwest State University at the age of 22. After teaching for a bit I realized it wasn't right for me at this specific time in my life and was lucky to stumble into a job at a local business (through connections) where I manage the books and generally do a bit of everything.</p>

<p>The business is tied down to where I grew up and I have no desire to be here much longer. So I have two options, both of which offer different rewards/risk. Having learned the business I could open up my own retail ecommerce website (the company I work for is wholesale). I've done the numbers and based off of what retailers we sell to are doing, who I personally think I could do better than, I would make at lowest $45-50k a year. I'd own my own business, but i'm not passionate about the product or what I would be doing. On the high end I could be making $100k plus a year. But I also would have no retirement and no benefits.</p>

<p>My other option I am strongly considering is applying to the University of North Carolina's Masters of Accountancy program. It is a one year Masters program tailored for people like me with zero background in Accounting. I am a very good writer, very personable, speak well in front of others, etc. I am also extremely organized and enjoy organization, my only fear is that my math background is very limited. The highest Math I have ever taken is Algebra 2. I am confident in my academic abilities, I know I'm an intelligent person and I take school very seriously, but how Math intensive is Accounting? I hear mixed responses from everyone I ask.</p>

<p>I would love to hear from some current accountants regarding what they think about their career and if placed in this situation as a young person what they would have done. One other thing to note, I am a hard worker and will always be on time to work/stay late. When I taught I was the first teacher there and the last to leave nearly every night. With that said, I want a career that will allow me a good balance between personal life and work life. I have no desire to work 50-60+ hour weeks regularly. My end goal in accounting would be to secure a government job, hopefully with the FBI and to work as a forensic accountant. Using my degree to do something I enjoy while still feeling I am doing something positive with my work.</p>

<p>Sorry for writing a book, but would appreciate any responses and advice.</p>

<p>In regards to math you probably don’t’ need anything above calc 1 and statistics (for undergrad). I’m not sure about graduate level accountancy requirements though, but generally accounting isn’t really as math intensive as say, engineering, economics comp, science or finance. I think you will survive.</p>

<p>My $.02 (with some bias as a CPA for 20+ years now): I would strongly urge you to go for the masters in accounting and work towards passing the CPA exam. Whatever direction you go in your career, you will always be well served with that background. </p>

<p>Your math shouldn’t be an issue. Perhaps you can pick up an extra course or two at a community college (if it looks like you’ll be way behind). </p>

<p>Good luck! </p>