{"id":109596,"date":"2022-05-15T13:52:23","date_gmt":"2022-05-15T20:52:23","guid":{"rendered":"https:\/\/careerkarma.com\/blog\/?p=109596"},"modified":"2022-05-15T13:52:25","modified_gmt":"2022-05-15T20:52:25","slug":"best-major-for-accounting","status":"publish","type":"post","link":"https:\/\/careerkarma.com\/blog\/best-major-for-accounting\/","title":{"rendered":"How to Choose a Major for Accounting: Degree Research Guide"},"content":{"rendered":"\n

Prospective students interested in financial management and accounting careers search for on-campus and online programs that offer the best major for accounting. Accounting graduates with professional accounting skills can find a variety of job roles in the field.<\/p>\n\n\n\n

If you are wondering how to choose a major for accounting and what degree for accounting you should consider, this article will guide you every step of the way. Learn about the significant factors to consider when looking for the best accounting jobs, such as their annual salaries, job growth opportunities below. <\/p>\n\n\n\n

Why Choose a Career in Accounting<\/h2>\n\n\n\n

If you have taken accounting courses and love to problem solve with numbers, a professional accounting career might be right for you. An accounting degree program generally teaches you accounting principles, accounting practices, cost accounting, managerial accounting, tax accounting, financial accounting, and other areas of the accounting field.<\/p>\n\n\n\n

A degree in accounting can open doors to a wide range of careers in both private sectors and public accounting firms. A comprehensive accounting program will also equip you with some practical experience and soft skills to land a high-paying accounting job<\/a>.<\/p>\n\n\n\n

Accounting Job Outlook<\/h3>\n\n\n\n

According to the Bureau of Labor Statistics, 135,000 accountant and auditor job openings are expected<\/a> each year through 2030. Accounting graduates find career opportunities across industries like accounting firms, insurance companies, real estate markets, government institutions, or the accounting department of any large organization.<\/p>\n\n\n\n

The job outlook for accounting positions is expected to grow by seven percent<\/a>, according to the Bureau of Labor Statistics. Accounting majors can land entry-level accounting jobs that involve tax preparation, producing financial documents, maintaining bookkeeping records, and handling financial transactions.<\/p>\n\n\n\n

Accounting Job Satisfaction<\/h3>\n\n\n\n

The average starting salaries for accounting professionals are satisfactory. According to Glassdoor, accountants are fairly compensated with salary and benefits<\/a> but struggle with maintaining a work-life balance. <\/p>\n\n\n\n

The job satisfaction levels might vary for the company employees are working in and different managers have their own style of managing accounting activities and teams. In general, accountancy is a job capable of good work-life balance<\/a> and a high undergraduate employment rate.<\/p>\n\n\n\n

Your annual salary will increase as you gain hands-on, professional experience and work on projects. Due to the competition in the job market and the demand for expertise, there is also more job satisfaction and growth opportunities. Accounting careers may be a good fit for you if you combine initiative with accounting knowledge. <\/p>\n\n\n\n

Accounting Salary Potential<\/h2>\n\n\n\n\n\n \n \n \n \n \n \n \n
Career<\/th>\n Minimum Level of Education<\/th>\n Average Salary<\/th>\n <\/tr>\n<\/thead>\n
Financial manager<\/td>\n Bachelor\u2019s degree<\/td>\n $95,515<\/a><\/td>\n <\/tr>\n
Financial examiner<\/td>\n Bachelor\u2019s degree<\/td>\n $66,835<\/a><\/td>\n <\/tr>\n
Budget analyst<\/td>\n Bachelor\u2019s degree<\/td>\n $62,980<\/a><\/td>\n <\/tr>\n
Financial analyst<\/td>\n Bachelor\u2019s degree<\/td>\n $62,774<\/a><\/td>\n <\/tr>\n
Tax accountant<\/td>\n Bachelor\u2019s degree<\/td>\n $57,970<\/a><\/td>\n <\/tr>\n<\/tbody>\n<\/table>\n\n\n\n

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How to Choose a Major for Accounting: Tips for Selecting the Right Accounting Degree<\/h2>\n\n\n\n

Tip 1: Explore career paths and schools<\/h3>\n\n\n\n

If you want to pursue careers in accounting, prospective students should look for a community college or university with accounting educational programs in different areas of study. Research potential salaries and in-demand accounting skills<\/a>. When choosing a college major, explore the various paths in an accounting career, topics that intrigue you, and also the acceptance rate of schools of interest. <\/p>\n\n\n\n

Tip 2: Streamline your career goals<\/h3>\n\n\n\n

You must focus on writing SMART goals<\/a> for a career in accounting. It is a good idea to follow an educational degree that aligns with your career goals. To pursue a role in business analytics, personal financing, or tax auditing, you can complete a degree with a concentration in auditing or taxation. You must also look up the state requirements for licenses in accounting<\/a>.<\/p>\n\n\n\n

Tip 3: Talk to professionals in the accounting field<\/h3>\n\n\n\n

Participate in extra-curricular activities and business networking events to meet others who work in accounting. Professionals in the field and aspiring accountants often attend business events to discuss financial activities and related software. On these occasions, you can learn a lot about what happens in an accounting department and accounting firms.<\/p>\n\n\n\n

Tip 4: Talk to a mentor<\/h3>\n\n\n\n

It is a good idea to discuss the challenges and benefits of a career in accounting with a mentor. Your mentor can be a professional in the accounting field or the career support department of a school for professional advice. They can also guide you on how to gain expertise in a subject and build an effective resume for an accounting job<\/a>.<\/p>\n\n\n\n

Tip 5: Talk to admissions support<\/h3>\n\n\n\n

If you have made a list of schools and programs that might be suitable for your accounting studies, discuss your concerns and questions with the admissions of the schools. Most accredited schools and universities offer admissions support to potential students in their undergraduate and graduate programs.<\/p>\n\n\n\n

What Degree for Accounting: Best Majors for an Accounting Career<\/h2>\n\n\n\n
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Degrees in accounting prepare you to thrive in the business community and gain a broad range of accounting and business skills.<\/figcaption><\/figure>\n\n\n\n

Managerial Accounting<\/h3>\n\n\n\n

If you want to manage the big picture in your accounting career, you can earn an academic degree in management with accounting. Tulane University is a private school that offers a Bachelor of Science in Management with a Minor in Accounting. Active students have good communication and interpersonal skills and develop accounting as well as management principles.<\/p>\n\n\n\n