Degree Programs

Why Is an Accounting Degree Still in Demand?

accounting degree
Photo by Steve Buissinne from Pixabay

An accounting degree will always be in demand because almost all businesses and organizations need taxes and bookkeeping services.

Accountants are curious people who’re good with numbers. You can find them in every industry as they’re responsible for producing financial reports, tax records, and budget analysis.

If you’re looking for a stable career that will never go out of fashion, maybe you should pursue an accounting degree and become an accountant.

The article you’re reading is an attempt to settle the score once and for all. The purpose is to help you decide whether you should seek an accountancy job or something else.

Do read the entire article, and we promise you’ll get a lot of answers to the questions running in your head.

Why You Need an Accounting Degree

If you want to work in accounting, you have two options.

Earn an accounting degree or work without a degree. (more on that later).

If you want to earn a bachelor’s degree in accounting, you have two options.

You can go to university or study online for two years to earn an associate’s degree.

The degree will help you gain the skills and qualifications to make your work easier.

The benefit of distance learning is affordability. Plus, the respect you earn by having a degree.

Unlike other fields, accounting is relatively easy to learn online since you do most of your work electronically.

A degree also qualifies you to become a personal financial adviser or financial analyst, which are positions that commonly require a bachelor’s degree in accounting.

After completing your accounting education, you may want to pursue a master’s degree in accounting. It prepares you to become a Certified Public Accountant or study for a fraud examiner certification.

Potential Careers for Your Accounting Degree

When you have an accounting degree, you have options. Joining a good accounting program will help you stand out and choose from a variety of career paths.

Accountant:

As an accountant, you’re responsible for producing financial records for companies in the private sector, government organizations, and individuals.

You also contribute to building accounting systems and help analyze financial data to create objective information.

Even an entry-level accounting job requires a bachelor’s degree.

Auditor:

There are two types of auditors. Internal auditors who analyze financial statements within a distinct company, and external editor who reviews other companies.

Auditing financial reports is a process that help companies increase efficiency, prevent tax problems, and ensure fairness.

Budget Analyst:

As a budget analyst, you create budget reports, examine expenses, and organize finances for organizations in the public and private sectors.

You’ll also help outline financial obligations, secure compliance, and recommend budget plans.

Working as a budget analyst requires that you have an accounting degree because you’ll work for government bureaus, corporations, and nonprofit organizations.

Finance
Photo by Steve Buissinne from Pixabay

Personal Financial Adviser:

Think of personal financial advisers as lawyers, but for financial matters.

They help their clients set and achieve their financial goals, research investment opportunities, and do taxes.

Moreover, they help them prepare for retirement or pay off a debt.

Usually, a personal financial adviser is self-employed with an accounting degree, at least, a bachelors.

Financial Analyst:

Like personal financial advisers, but they work for companies and small business owners.

Financial analysts will advise companies on investment, reviewing stocks and bonds, planning investment trades, and operating investment portfolios.

Depending on their level of experience, they may work for one company or many companies. It’s a full-time job that also requires an accounting degree.

Getting an Accounting Job Without an Accounting Degree

If accounting is your passion, you can skip the degree and join the workforce.

Of course, jobs with higher pay are available if you have an accounting. Nonetheless, you can work in one of the big four accounting firms without a degree.

All you need is a high school diploma, passion, and some skills.

Start your career in bookkeeping, as an accounting clerk or an auditing clerk. If you have enough skills, employers are willing to overlook the degree.

Proficiency in QuickBooks, Excel, Quicken, or other programs that accounting firms use is enough.

As a bookkeeper, you’ll work minimum tasks such as compiling activities in a record or inserting them in payroll and accounts payable. Commonly, you’ll create databases and spreadsheets to produce financial statements and reports, focusing on the day-to-day activities.

The only difference between accountants and bookkeepers is that they work for larger companies, which specialize in a particular area. Accountants focus on taxes, compliance with laws and regulations, and improving the company’s efficiency. Auditing clerks help manage financial records and report mistakes.

To qualify as a bookkeeper, you need a high school diploma and apprenticeship. But you can move up to an accountant position when you prove your ability.

When a company decides to hire and train you, an apprenticeship can take up to 6 months.

Your company will assign you a supervisor or a skilled co-worker to help prepare you.

You also need math and computer skills, as well as being honest and detail-oriented.

For more qualifications, you might want to take a college course in basic bookkeeping. This training will help solidify your position.

Taking online courses will also help, even watching free YouTube videos can help.

Once you have your foot in the door, you should pursue a legitimate degree like an associate’s degree in accounting to advance your career faster.

Conclusion

As long as there are taxes, there will always be a demand for accountants with an accounting degree.

If you’re honest, hardworking, and good with numbers, it’s time to research more about becoming an accountant.

Whether your goal is to work in one of the big four accounting firms, or another large company, or even become self-employed, accounting is a ripe field to plant your idea and start your career.

You might even realize that a degree is nice to have, but not necessary to pursue your passion for accounting without one.

In the end, we hope we answered your question and that you now know if you should pursue an accounting degree or find something else.


Interested in a degree in this field? Our College Search Tool makes it quick and easy to find a school offering what you are looking for. Give It A Try!

Colleges Offering Accounting Degrees

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