What kind of jobs can you go into with a Finance /business/ or accounting degree?
Question by Snowboard_Chica: What kind of jobs can you go into with a Finance /business/ or accounting degree?
I’m looking into college. I’m thinking this is something i might want to do. I’m not sure what I can do with degrees like Finance /business/ or accounting. I’m not even sure this is the degree Im seeking.
I know for sure I want to Own my own business later. I want to do something with finance and business. Could you help me a little???
Best answer:
Answer by The Car Man
Finance is a good field to get into, especially if you want to start your own business. I would rate a Business Degree, Marketing and Finance as the top 3 to consider for owning a business.
Some other finance careers would be something along the lines of an Account Manager, Auditors, Insurance Brokers or Underwriters, Loan Officers and Processors, Stock Brokers / Traders, Bank Managers (anything having to do with banks really).
A lot of options for you, and nearly all of them high paying with good benefits.
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I would say if you want to own your own business accounting is the way to go. I think the jobs are pretty much limitless. You can work in public accounting as an auditor or tax consultant. That starts off as working a lot of hours but gaining a lifetime of experience. You can also work as a staff accountant in pretty much any company. Once you have a few years experience you can work up to controller and then CFO. A great number of CEO’s have had time as CPA’s and CFO’s. So, I think it’s probably pretty important.
I started a business and didn’t know a thing about accounting. After two years we closed shop in debt and discouraged. Main reason we failed: money problems brought on by a lack of financial control. I wanted to find out why we failed. I went back to school and started studying accounting.
Accounting teaches you how to communicate the language of a business. You learn to look at everything involved in a business and how it relates to each other. You can really get an idea for how much things ultimately cost and how much money you’re making. Ultimately in later classes and internship/ professional experiences you’ll learn about auditing which focuses on reliability of a companies financial reporting, interactions with other companies/industries, overall economy, etc.
Finance is not bad either. Though I think finance people need the accountants to plug their information to come to their conclusions. And ultimately, if you double major in accounting and finance you’re pretty much a jack of all (important) trades.
Management…. with a good mentor I think anyone can learn that. I really don’t hold majoring as an undergrad in that area as being worth your time. You can always do an MBA and learn the important stuff. I truly believe in experience and mentoring for the management end. But hey, to each his own. Integrated Supply Management majors are also highly sought after.
I think your best bet is, since you seem like you’re starting out is to start with the prerequisite business courses. They usually require accounting 1 and 2. When you take those classes, really study hard and try to learn what accounting is all about. Also, look into the accounting/ finance club at your school. Beta Alpha Psi is an organization on most campuses that will hold weekly meetings. It’s a good way to learn about the accounting profession.
One thing though… accounting requires a lot of commitment. You want to get the best grades you can. That means studying twice as much for your accounting classes than you would for a normal class. The firms and companies hiring graduating accountants want the best. That means GPA 3.5+. They’ll pay you for it though. Many of the firms will hire auditors at 50K before you even have a CPA.
If you want to get your CPA, that usually means getting either a masters or accumulating an additional 30 hrs to have a total of 150 credit hours (one more year’s worth of school). I don’t know what’s better. I’ve heard an equal number of arguments. I had majored in education before switching. I had about 30 “wasted” hours until I found out they would count for my CPA hour requirement. Most states require you have 150 credit hours.
So in a nutshell: Major in accounting, gain 30 additional credit hours by double majoring in another area of interest or getting your MBA or MSA, work in public accounting for a few years, make and save some money, start your own company.
Study hard, keep that grade point up! C’s get degrees, but A’s get you the raise.