Is An Accounting Degree Worth It?  5 Things To Consider – Accounting graduates are in high demand, as evidenced by the Bureau of Labor Statistics’ projection of an 11.2% increase in jobs for accountants and auditors nationwide by 2029. Due to this expansion, it is necessary to maintain a steady supply of recent accounting graduates. A career in accounting, on the other hand, isn’t open to just anyone; a specific set of prerequisite courses must be completed.

Is an accounting degree worth the time and money? To help you decide if an accounting degree is right for you, we’ve compiled information on job growth, career prospects, and the benefits of an accounting degree.

Is An Accounting Degree Worth It 5 Things To Consider

Yes, accounting is a good career choice for students.

Clearly, the answer is yes. Earning a bachelor’s or master’s degree in accounting is an excellent career move for anyone interested in a career in accounting, finance, or business.

Accounting is a great degree for the current and future job market because of the following reasons:

  1. Taxes are one of the few things that can be counted on in this world—which is great news for accountants. Accountability and accuracy in financial matters are critical for any business, even if they are not the primary focus of every accountant. In the midst of technological advancements and increased automation, accountants will continue to be needed for their critical thinking and strategic inputs.
  2. Over 1.3 million accountants and auditors are employed in the United States, with an average of 125,085 jobs being advertised monthly. It’s also predicted that the accounting field will continue to grow faster than the average for all occupations.
  3. You may be surprised to learn how versatile an accounting degree can be: A career in business benefits greatly from a background in accounting. Whatever your career goals may be, an accounting degree will help you build a strong business foundation and deep knowledge of financial regulations, responsibility, and reporting.

With a bachelor’s degree in accounting, what can I do?

Accounting degrees are both highly specialized and extremely adaptable.

Annette Hoelzer, Lead Faculty Accounting at Franklin University, says that an accounting degree gives you the ability to see the big picture while also being extremely analytical and detail-oriented. An accounting degree prepares students for a wide range of careers by teaching them perseverance, critical thinking, and problem solving.

The following are some of the best jobs you can land with a degree in accounting:

In the case of accounting majors who are not CPAs: An entry-level position that focuses on accounting administration is the bookkeeping, accounting and auditing clerk. A great way to gain experience before taking the CPA exam. As a financial examiner, you can work for a long time or train to become a forensic accountant if you are interested in preventing fraud.

A bachelor’s degree in accounting and certification as a CPA is the most widely recognized accounting credential. There are no other certifications that allow you to write audit reports or express an opinion on the financial statements of publicly traded companies, so becoming a CPA is an obvious next step.

  • Those with a master’s degree in accounting and a CPA certification: A master’s degree in accounting and a CPA (or other finance certification) can help you succeed as a corporate controller, treasurer, or risk manager.
  • For accounting majors who want to work in a different area of finance, please see the following section: You don’t have to become a certified public accountant just because you have an accounting degree. In addition, you will be prepared for a wide range of business and finance positions, including financial analyst, budget analyst, and operations research analyst.

Exactly how much does a degree in accounting cost?

An accounting degree can cost a lot of money. The level of education, the type of school, and the length of time it takes to complete the degree all play a role. Here are the average yearly tuition rates for bachelor’s and master’s degrees in accounting to give you an idea of the cost.

The typical annual tuition for a given degree and institution is shown in the table below ( ) Public Four-Year University Bachelor’s Degree $8,730 Private Non-Profit 4-Year $36,360 Bachelor’s degree An $8,990 Master’s degree from a 4-year public university Private Non-Profit 4-Year Master’s Degree $31,140

  • According to CollegeBoard
  • Finding a low-cost accounting program can be difficult.
  • A lower cost-per-credit-hour tuition rate and greater degree flexibility may be available through online programs.
  • If you can, enroll in a school that allows you to use credits or credentials you’ve already earned toward your degree.
  • Consider the total cost of your degree, not just tuition rates, by taking into account fees, outside costs, and financing options.

What can I do to make the most of my accounting degree?

As a CPA, a bachelor’s degree qualifies you for entry-level positions and is the first step toward meeting the requirements. However, if you’d like to take your accounting degree to the next level, consider the following:

Accounting master’s degree completion. For the CPA exam, you must complete 150 credit hours, which is 30 more credit hours than a bachelor’s degree and the number of credits needed for a master’s degree in accounting. So why not earn a second credential in addition to the one you’re already taking to get a better job?  

  • Obtaining a CPA certificate. Among public accountants, a CPA is considered to be the gold standard. Most accounting firms, large corporations, and the federal government require CPAs to move up in the ranks.
  • Obtaining specialized certifications in the field of finance. Risk management, financial investments, accounting and auditing are just some of the areas where certifications can help you land a high-paying position.

To what extent will a degree in accounting help me succeed?

With a bachelor’s degree in accounting, you’ll learn both technical and soft skills that will serve you well in any career you choose.

Consider Earning Your Accounting Degree from Franklin University.

Accounting bachelor’s and master’s degrees are available entirely online through Franklin University, allowing working professionals to complete their degrees on their own time. All Franklin faculty members have extensive professional experience, allowing you to apply theoretical concepts to real-world situations. In addition, courses are regularly revised to reflect changes in industry needs and incorporate the latest technological advancements.

Discover how our Bachelor’s and Master’s degree programs in accounting can help you achieve your career goals.


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