Accounting, Finance, or Econ? Which would you recommend?

Discussion in 'Mayberry Lounge' started by CardonaLJ**, May 26, 2014.

  1. CardonaLJ**

    CardonaLJ** Banned Banned

    Joined:
    May 3, 2010
    Messages:
    6,537
    Likes Received:
    14
    Location:
    College Point, NY
    Curious as to see what people here would rather go for. I'm about 90% sure im transferring schools to St John, and as such am looking into degree programs. Which would you guys do. For those with degrees in these majors, whats it like (school wise and work wise).

    For the record, im leaning towards Accounting. Just seeing what others might have to say.
     
  2. Pupi

    Pupi SAVAGE

    Joined:
    Jun 6, 2009
    Messages:
    30,422
    Likes Received:
    6,833
    Location:
    Beyond Space and Time
    Economics all day err day.
     
  3. Terry Noonan

    Terry Noonan Brown Belt

    Joined:
    Apr 4, 2014
    Messages:
    4,289
    Likes Received:
    3,469
    Location:
    A State of Grace
    What do you want to do for a living?
     
  4. J.M.M

    J.M.M Purple Belt

    Joined:
    May 25, 2008
    Messages:
    2,247
    Likes Received:
    194
    Location:
    NC
    Finance or accounting
     
  5. Josh

    Josh Guest

    Option 4, something interesting.
     
  6. weich

    weich Silver Belt

    Joined:
    Oct 23, 2007
    Messages:
    11,494
    Likes Received:
    1,665
    Location:
    Colorado
    I would go with accounting, because I believe there will always be a need for accountants. On top of that accounting is pretty fun, at least it was at the 100/200 level.
     
  7. Yellowking

    Yellowking Purple Belt

    Joined:
    Feb 21, 2014
    Messages:
    1,642
    Likes Received:
    683
    Finance then follow up with MBA
     
  8. blitzk

    blitzk Red Belt

    Joined:
    Oct 20, 2010
    Messages:
    8,031
    Likes Received:
    3,052
    Location:
    Baja
    Finance, seriously.
     
  9. Hagelslag2

    Hagelslag2 Brown Belt

    Joined:
    Jun 26, 2007
    Messages:
    3,366
    Likes Received:
    2,250
    Location:
    The Netherlands/Australia
    This. There are far more interesting subjects to study.
     
  10. 5crew

    5crew Black Belt

    Joined:
    Aug 30, 2011
    Messages:
    5,686
    Likes Received:
    4,680
    Location:
    Singapore
    Finance, it could be broaden up to more in future because it's pretty general. Accounting will be just Accounting.
     
  11. kuromusha

    kuromusha LONZO LOOMS 2019

    Joined:
    Oct 5, 2011
    Messages:
    12,667
    Likes Received:
    7,896
    Location:
    Orange County
    Whatever is good for you. They're all solid majors. You may be leaning towards accounting now but most people tend to stray away from it after the first 2 classes.
     
  12. Kirin

    Kirin Death Operator Platinum Member

    Joined:
    Dec 27, 2013
    Messages:
    7,527
    Likes Received:
    8,292
    Location:
    *danger close*
    Really depends on what you're good at and what you would like to do for a living. It should be relatively easy to find a job as a run of the mill accountant, but I rarely hear of anyone saying that it's rewarding work. Finance has the highest ceiling probably in terms of the amount of revenue you can make, provided you're better than average. Economics gives you a wealth of opportunities, but I'd say it's probably also the most challenging (I myself studied economics up through the graduate level).
     
  13. Lead

    Lead /Led/ Staff Member Senior Moderator

    Joined:
    Nov 13, 2009
    Messages:
    36,556
    Likes Received:
    25,876
    Location:
    Around Pittsburgh
    Double majored in accounting and finance. I was three classes away from the econ major. I'd suggest accounting but if you get it, you need 150 credits for the CPA so you'll either wanna double major or get your masters to meet the requirements.

    Econ is a subject I like a lot but I didn't see much use for it in finding a job. The only thing I knew is I'd likely have to move to DC and have a connection.
     
  14. markulous

    markulous Black Belt

    Joined:
    Jun 13, 2007
    Messages:
    7,186
    Likes Received:
    39
    What do you want to do as a career? Whatever it is, just look on monster.com or somewhere and see which degree they want and there's your answer.

    I can't see accounting as a very fun job, but to each their own. If that's what you want to do, then go for that. From what I've heard it's easy to get into that field and have solid job security.
     
  15. Lead

    Lead /Led/ Staff Member Senior Moderator

    Joined:
    Nov 13, 2009
    Messages:
    36,556
    Likes Received:
    25,876
    Location:
    Around Pittsburgh
    Like I said, if you think it's accounting, just double major and get the 150 done in four years. For a masters, a masters in accounting isn't too useful other than teaching while a masters in tax (MST) is in demand. The problem is, you have no idea at this stage whether you'll be interested specifically in audit/tax/corporate accounting/etc until you have enough classes so I wouldn't rely on the masters for your 150. It also usually keeps you in school an extra year.
     
  16. Damien Karras

    Damien Karras Mirabile dichtu, don't you agree?

    Joined:
    Jan 23, 2006
    Messages:
    11,907
    Likes Received:
    7,283
    Location:
    Montreal
    I don't know what your ambitions are but this is my five cent advice

    Finances = usually higher pay

    Accounting = best for job stability and chances at getting a job

    Econ = Academia. If you are fueled by theory, research and analysis, then choose this.
     
  17. Lead

    Lead /Led/ Staff Member Senior Moderator

    Joined:
    Nov 13, 2009
    Messages:
    36,556
    Likes Received:
    25,876
    Location:
    Around Pittsburgh
    Accounting to me is the major you want if you are getting into business. If you can understand financial statements with business and tax law, you pretty much become the guy people come to for advice. When you go into public accounting, the first few years can be tedious work but the longer your there, the more you understand about how a business works and become an expert. After that, you essentially become a consultant to your clients which brings in big money. I have partners who get paid 200/hr telling clients how to run their business on the phone.
     
  18. CardonaLJ**

    CardonaLJ** Banned Banned

    Joined:
    May 3, 2010
    Messages:
    6,537
    Likes Received:
    14
    Location:
    College Point, NY
    thanks for the input guys. ideally, id like to work in the front offices of ANY local team. realistically, id want to find a job that pays well and offers stability. econ doesnt seem like something id want to do since i really hate implied theories and i dont think id be entering academia. which makes it a toss up between accounting and finance.

    just trying to gauge what options id have after getting a degree
     
  19. MASShole

    MASShole Get it?

    Joined:
    Jan 21, 2010
    Messages:
    8,540
    Likes Received:
    1,969
    Location:
    Colorado
    Finance.
     
  20. NSX-R

    NSX-R Green Belt

    Joined:
    Feb 17, 2005
    Messages:
    1,115
    Likes Received:
    177
    Location:
    Toronto
    LOL you have no idea. Once you hit corporate tax and the intermediate and advanced courses of financial accounting, the fun stops at the lecture room door. Accounting courses beyond first-year are incredibly challenging.

    The stigma of accounting being dry, repetitive work is 100% true. Many people in my school switch to finance because they can't handle the dullness presented to them in accounting classes.

    Finance = more risk but more rewards (though fewer jobs)
    Accounting = less risk, more stability, and more areas of employment (but boring)

    My advice is to major in both finance and accounting and decide upon graduation to pursue either the CPA or CFA designation.
     
    Last edited: May 26, 2014

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.