KlangFool wrote: ↑Sat Oct 05, 2019 10:54 am
Megamill wrote: ↑Sat Oct 05, 2019 10:46 am
Math has always come very easily for DS and he has no interest whatsoever in anything STEM. Anyone have any input on which degree (Finance or Accounting) would offer better future opportunities?
With an accounting degree, you can move into the finance field in the future. But, you cannot go into the accounting area with a finance degree. So, in terms of career opportunity, an undergraduate degree in accounting is better.
I normally take klangfools advice as gospel but in this case have to disagree, or more correctly clarify the point.
I have a degree in engineering and then later I got one in finance. I worked as a full fledged accountant, as well as treasury person as well as operations finance (what people usually mean then they say “finance”).
The caveat was that I intentionally made sure I met the requirements to sit for the cpa exam to prove to potential employers that I could do accounting (and it worked well).
Aside from my personal career path, In my 20 years of work experience in the finance function, I’ve seen plenty of non-cpa finance Degreed folks put into straight up accountant jobs and vice versa.
how often it occurs ebbs and flows depending on how often fortune 500s make headlines for restating earnings In the past few years.
so with all that said I have two key data points that tell you everything you need to know, worth what you paid for them:
1) ”big four” accounting firms will only take cpas and they expect you to have a masters in accounting (but cpa is the higher bar) so if that’s the (admitted narrow) career path desired, that’s the answer
2) I had the head of finance hr in one of the largest companies in the world tell me they tried really hard to avoid hiring cpa/technical accountant profile resumes. This is because the company had seen extremely poor results moving technical accountants into any other area of finance while the opposite was never true. We only staffed up cpas when the Wall Street mood on earnings correctness was ebbing.
You can do anything you want in life. The rub is that there are consequences.