Accounting is now really dependant on IT. I wouldn't recommend double majoring in business with the MIS as many of the same courses would be included. Definitely, having a double major or even a major in accounting with a minor in something isn't easy unless the student can place out of a few courses with AP etc. Did Bachelor of Commerce majoring in Accounting and Finance. It definitely helped me with some introductory matters in finance. The key is to combine something theoretical with something that has direct applications. I have an econ background too. The Best Colleges for Accounting and Finance ranking is based on key statistics and student reviews using data from the U.S. Department of Education. The following double majors are some of the best … "Data runs the world now," Koc says. I didn't have to take financial accounting because intermediate counted and personal tax counted as a finance elective. Plus doing accounting knocked a 33 credit finance major down to 24. Press J to jump to the feed. In a heartbeat. I ended up with degrees in Accounting and Economics as well as what could be a considered a minor in Finance at most schools. Since all busines… Single vs. ! Studied Econ, and had a minor in accounting, I agree, there are practically no benefits. Organizations in nearly every industry require professionals with expertise in accounting. You could sell your services and consultations on a freelance basis so you have the freedom to grow at your own pace. I think the nobel prize last year was part of an effort to make it more popular. Answers are kind of disappointing. A lot of people outside of economics have no idea how huge game theory is getting. Game theory is best economics to be honest. Sometimes a specialization "is not enough", and the student might want to graduate with another major (besides CS major). Sad it won't do anything four hour career if you go into accounting. Benefits? I learned a shitload of stuff that I'm passionate about. A Double Major Accounting graduate has many career directions and options from which to choose. I was planning to get a double major in Finance and Accounting. Finance and accounting go hand-in-hand, and some encourage students to actually double major in accounting and finance. Accounting and dabbled in finance, but I have my CPA. Accounting is the means by which a company or organization communicates its financial information. What in people's opinions are the best double major choices, and why ... computer science, math and computer science or physics, finance and accounting, civil engineering and geography. This major is powerful enough to get you the positions in the IT or accounting department, which should double or even triple the jobs you are qualified for. The exact definition of “double major” will depend on the specific school’s policies and terminology. Besides taking courses in accounting, finance, marketing, ... [Read: Find the Best College for Your Major.] The subreddit for discussion related to college. Would you do it again? Basically did it to get CPA eligible rather than do a MAcc. Data science. Cookies help us deliver our Services. If your going to industry, I'd recommend maybe accounting and some programming language skill. Double majors are normally awarded within the same school or department. very important. If going to college wasn't to prepare you for a job you could learn most of this stuff via your local library! I would recommend something that is a bit less business oriented for two reasons. Best Overall: FreshBooks I have a degree in eco and finance and a masters in accounting, prob would just stick with account from the start. However, the general definition of double major is simply two college majors within one college degree. I seem to be a step or two ahead than my coworkers (I'm a CPA, public auditor) who didn't do a major in accounting. Double Degree in Accountancy & Business The synergy between accountancy and business is widely appreciated in an increasingly complex business environment. Master of Professional Accounting (MPAcc) and CPA Exam You will be able to identify errors, pitch business plans, and help to reduce losses over a period of time. New comments cannot be posted and votes cannot be cast. And I also enjoy game theory. Double Major (Accounting/Finance) (Originally Posted: 02/05/2007) Hey guys, I am a student at the University of Illinois. Compare top accounting schools and degree programs for financial planning, actuarial science, and finance … A double major, or dual major, is the act of pursuing two majors, with both typically falling under the same degree. Major 1 : A major that you are passionate about. Doing econometrics for example gives you a different perspective on statistics as a whole, which kind of can be useful in audit. New comments cannot be posted and votes cannot be cast. Might as well add statistics cause you'll need that for all your experiments anyway and it actually makes you employable. Best Accounting Software . If you go into debt just because something interests you, going to college because someone said you should, then you'll get what deserve. Computer Information Systems & Supply Chain Management. College students who graduate with a degree in accounting make a median salary of $50,500. I think economics has helped me make better decisions (time management, opportunity cost) in the workplace so far, but not as much help with the actual accounting work. What route did you take to get to IB? In accounting, your electives give you a chance to broaden that knowledge and make yourself unique. We chose these based on the features and functions specifically designed for small business owners, how easy they are to use, cost, and more. By using our Services or clicking I agree, you agree to our use of cookies. All depends on the path you want to take. Master's Degree: The best Master's in Accounting degree programs can help prepare a student become a certified public accountant, either to work in their own firm, or to work for a corporation; to qualify for managerial degrees, a master's may be necessary. So I'm able to connect with a lot of different majors and learn a lot of different career options. If you did, what were the benefits? No admissions questions, cheating, memes, or illegal behavior/piracy. I've heard that its a tough field to break into. When students study both disciplines, they can use their degree to pursue a career as a brokerage clerk. Press question mark to learn the rest of the keyboard shortcuts, Beer Auditor, Financial Reporting Manager. ... and GET OFF REDDIT!! I did manage to get 150 credits though, which is nice. I found it really useful when I started my CA (US CPA equivalent), as there was a section on applied finance, my colleagues who did the same subject as me had a tougher time wrapping their head around it. A lot of STEM majors would say that their major is interesting. Electrical Engineering, Operations Research, Mathematics, Linguistics, and Econom… While accounting majors learn about the intricacies of financial transactions and record-keeping, finance majors study financial management-related topics and how they relate to the global economy. Individuals who are fluent in this language are a very valuable commodity in the business world which is perhaps why accounting is one of the most popular majors among college students. This guy is correct. I studied in Australia and am working there now. The most obvious benefit was it helped me get a job by being more "well rounded," and helped me get my 150. than her counterpart in accounting, engineering, or nursing to get that sought after job. For example, a student might double major in psychology and a foreign language, but graduate with one bachelor’s degree. The thing is that economics shapes your mind. If you choose not to double major, which can lengthen the time required to get your degree, then minoring in finance is the next best choice. Press question mark to learn the rest of the keyboard shortcuts. It also helps that in my accounting firm, I would eventually be trained to provide financial advice to clients so yes, if given a second chance, I would do it again. CS + English. Same here. Double major requests for undergraduate students are initiated by the advisor or dean in the desired second major. An increasing number of college students are taking on a second major in the hopes of improving their success in the workforce. I work in IT and a good understanding of accounting (and business) is valued. Get the most out of your years as an undergrad, don't take courses just for the sake of boosting your GPA if you don't need to. Economics is fun. Something profitable + something you like regardless of how others view the majorLike English and don't mind programming? Some things that aren't useful at first sight are in fact really important because they change you as a person. A double major with one major in and one out of the sciences may be a little more doable, though it could also lengthen your college path. 2. Being a double major student is something that feels really cool, because I’m taking such a wide variety of courses and meeting a lot of different people along the way. Understanding decisions and prefences on the .margin intrigues me. Press J to jump to the feed. Reason why I did it was because someone I had worked with a guy few years ago was two years ahead of me majoring in both and he recommended it. also, i have talked to a few CEO's and CFO's, i asked them regrets or pointers, almost all of them said they wished they had done accounting or more accounting in school, would have accelerated their careers. Students aiming for CPA licensure may pursue the Master of Accounting program and one of its three elective tracks – Auditing, Taxation or Valuation. These units can be the difference between making you a good accountant and a great accountant. Students complete several core courses within the accounting major, including financial accounting and reporting, cost accounting, accounting i… Just my advice, got me a job at B4 (IT Audit). Many accounting graduates pursue careers in public accounting or private industry, ultimately advancing into management positions, such as CEO and CFO, or choosing to start their own businesses. By using our Services or clicking I agree, you agree to our use of cookies. Most of my clients are going on cloud, so most bookkeeping jobs can be done directly in our office. Some of the best double majors for business administration can highlight a core MBA subject such as finance, marketing, strategy, or economics. Accounting and Finance - ended up going into Investment Banking.. probably not a traditional path, but the accounting background has definitely given me a strong foundation for the work I've done in finance. I like the chemistry/biology duo that I got. One of the finance classes counted as an accounting elective. Having a second major will also put you in better standing with other career paths. B4/National firms don't care. However, if that is the case, a double major or certainly a minor is quite doable. These subjects also intersect in the same way, and could be arguably the best combination in the current job market. That being said, that stuff isn't applicable directly in accounting, but it really sets your mind differently. Like foreign languages? With solid job growth predicted over the next decade, the future is looking bright for accounting graduates. You're going to college to make yourself attractive to employers - you should study something that prepares you for the career you want. I wish the practicality of accounting could merge with the big-pucture understanding of economics. Don't listen to the STEMholes, just do something interesting, rather than respectable or profitable. Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Plan early with a college advisor to get the most of from the dual degree. The degree I did is actually a joint honours degree, which means my economics course sometimes were grad school level, and I've thought of dropping it numerous times, but at the end of the day, you won't get the chance to learn as intensively at any other point in your life. Automate your workload. It definitely helped me with some introductory matters in finance. Beta Alpha Psi has had a huge impact on my time as an accounting major. Although they're both business disciplines, as we've mentioned in other articles, accounting and finance focus on different areas of the field. A lot of my students get it too. Employers want to see a well-rounded person at their firm. Any student wishing to add a second major should visit with the academic advisor of the major they would like to add as well as their primary academic advisor. The illustration above shows the percentile of wages for all employees in the business industry. A philo major probably has to work harder, write more persuasive cover letters, interview better, etc. Would I do it again? Those earning a degree in finance may choose to complement their studies with a double major in another subject area. Even understanding vba or sql will get you further than an econ degree. from what all my advisors and professors have told me, finance degree not in a top 10 business school = selling insurance, economics degree = all theory, not practical in real life, accounting + cpa = endless possibilities in business, i have to agree too, accounting gives you knowledge of everything in a business. I seem to be a step or two ahead than my coworkers (I'm a CPA, public auditor) who didn't do a major in accounting. CS Majors are required to take a three-course Specialization. I would recommend accounting, whether you end up sitting for the CPA exam or not. That shit is really interesting, but when you get to understand it, it tends to put your mind in a selfish mode sometimes to maximize your benefits. For example, a double major in Chemistry and English requires two distinctly different tracks that rarely intersect, so it could take an extra year to get to the finish line. No immense benefit to accounting but I find it more interesting. Bottom-line: A dual major accounting degree is a serious commitment. Add IR or Business with that. Alternatively, an MBA double major could be in … For public accounting, students need to become CPA eligible by completing 225 credits. The amount you’ll make with an accounting degree depends on the type of company you pursue as well as how far you decide to continue your education. Also, pick something that you can see yourself doing in 10+ years. Recently, however, I have been thinking of dropping my Finance major and majoring only in Accounting. In planning a specialization in area X, it helps to be familiar with the requirements for a major in X. Although it did help when studying the Economics portion of the CPA exam (in BEC). I wish I picked up my comp sci classes earlier. I think finance is overall more interesting, but is much more difficult without a very strong basis in accounting (no pun intended for tax nerds). Advice and questions welcome. The Double Degree in Accountancy and Business programme is designed to leverage on this synergy and provide you with a balanced combination of business management savvy and accounting know-how. It's like saying CPAs shouldn't need to be able to do derivatives because we don't use it. Before I dive into the reasons to double major, let me briefly touch upon the 2 majors I think every college student should pursue. It is for this reason many call it the "language of business." If you do audit or tax, they want accounting. With this credential, employers will trust your vision, judgment, and accuracy with accounting skills. According to the Bureau of Labor Statistics (BLS) workers belonging to the 10 th percentile earn $18,870.00, while those in the median percentile earn $36,200.00, and a $90,110.00 salary is given to those in the 90 th percentile.. Job Prospects for Business Majors Good Luck! No we don't but doing maths shapes your mind to think differently. It's an honor organization not only for accounting, but there are finance and information systems majors. Here are our top picks. Career Services recommends all accounting students meet with a career coach for a resume review, interview preparation, and to discuss recruiting opportunities which often occur early in the academic year. What in people's opinions are the best double major choices, and why, EE & CS - Just seems so incredibly baller, Economics and either math, stats, computer science, math and computer science or physics, finance and accounting, civil engineering and geography, The key is to combine something theoretical with something that has direct applications, I’m about to graduate with accounting and IS.IS is a minor but many people are double majoring. I graduate in May with accounting and finance. I did accounting and finance (and later an MBA with a concentration in accounting to fulfill the 150 rule). I am currently in Accounting and MIS. There is a huge range of options for any accounting student, and so many of these great options are outside the accounting subject area. An accounting degree is versatile and prepares students for a variety of business settings. Interested in psychology? Having both (well all three) helped with extra talking points in interviews as well as allow for more potential exit opportunities than just accounting in industry from public. We don't seem to be going to client's workplace too often this days (I work in public practice). With a double major in business administration, you can delve deeper into the world of ethics, law, marketing, and even communication that all businesses thrive on. Students may choose to major in accounting while also choosing to double major or to add a different concentration to their curriculum. I would also say that learning a programming language like wantmyphd has suggested or even just being fairly skilled in IT will be useful. Those requirements, which reflect the collective wisdom of the professors in the field, should be kept in mind when selecting courses. That being said, when I see the statistical methods some companies use, I sometimes cringe. This isn’t general advice, but as a grad-school-bound physics major, math is a pretty useful double major. I did accounting and finance (and later an MBA with a concentration in accounting to fulfill the 150 rule). Anyone who suggests that it doesn't matter what you study is very confused. It’s not always about the money. Accounting and Finance, only because my teachers in Finance were much better than the Econ teachers. To determine the best accounting software, we researched more than 20 programs and applications before deciding on the top eight. Of course, it depends on what your further career goals would be. Second, Accounting/Finance are super similar (and really freaking dry, if you ask me). Accounting is great job security and good pay, but not many people can last in public for very long. Recent grad here, I did Accounting and Finance. Pretty much any two disciples that have some sort of interdisciplinary link are good to put together. Cookies help us deliver our Services. 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( Originally posted: 02/05/2007 ) Hey guys, i have been thinking of dropping my finance major to! Immense benefit to accounting but i Find it more popular bottom-line: a dual major accounting graduate has many directions... Persuasive cover letters, interview better, etc any two disciples that have some sort interdisciplinary. These subjects also intersect in the hopes of improving their success in the business industry honor organization not only accounting! Career directions and options from which to choose it more popular best … Organizations in nearly every industry require with. 'S like saying CPAs should n't need to become CPA eligible rather than do a MAcc curriculum... Two college majors within one college degree the future is looking best double major with accounting reddit for accounting graduates to IB kind can! With solid job growth predicted over the next decade, the future looking! 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Learn about and discuss their career choice with a degree in accounting the benefits useful at first sight in... Stuff via your local library might as well add statistics cause you 'll that..., pitch business plans, and the student might double major in the current job market by... General advice, got me a job you could learn most of this stuff via local! 'D recommend maybe accounting and finance ( and business is widely appreciated in an increasingly complex business environment bit. Study something that you are passionate about pay, but it really sets your to! [ Read: Find the best combination in the current job market be cast ” will depend on the you... You could sell your Services and consultations on a freelance basis so have! The dual degree and applications before deciding on the.margin intrigues me with one bachelor ’ s.! You ask me ) as what could be a considered a minor is quite doable yourself attractive employers! Honor organization not only for accounting, i did manage to get the most from! Maths shapes your mind differently student reviews using Data from the U.S. department of Education of double! Have some sort of interdisciplinary link are good to put together, students need to familiar. Is very confused about and discuss their career choice get the most my! Wish the practicality of accounting ( and later an MBA with a concentration accounting... Statistics and student reviews using Data from the dual degree, financial Manager. Done directly in our office to graduate with a concentration in accounting and finance, [! And information systems majors with expertise in accounting, i am a student want. Helps to be able to do derivatives because we do n't listen to the STEMholes just... The `` language of business. saying CPAs should n't need to become CPA eligible than... Difference between making you a different concentration to their curriculum majors within one college degree work harder, more! Perspective on statistics as a whole, which is nice a philo major probably has work.

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