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Finance Or Accounting Majors?

#1 User is offline   CoCoGirl886 

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Posted 28 April 2008 - 01:16 PM

I'm currently a sophmore and I'm going to have to decide on a major soon. I'm thinking of either Finance or Accounting but I have no idea which! I've read a bunch of threads on both of these fields and I even went to one of those career development seminars and completed an interest inventory questionaire. It pointed me toward Accounting more than Finance but I'm still undecided sad.gif.

I'm currently taking the intro level accounting and I think it's okay.. I'm going to be taking my first finance course in the summer but I have to decide asap because if I go for an accounting major, I need to register and take Accounting I in the fall term of junior year in order for me to take more accounting courses in the spring of junior year or else I'll be behind in credits tears.gif.

So for those that have gone through this path..
-What'd you think of your courses?
-What made you decide which major to pursue?
-What you like or dislike about these majors?

Has anyone ever picked either accounting or finance and later on decide to switch to the other field? If so, what made you change your mind and how do you feel about the decision now?

Feel free to add any other relevant info. Thank you!! sweatingbullets.gif

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#2 User is offline   ilovesunday 

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Posted 29 April 2008 - 05:42 AM

QUOTE (CoCoGirl886 @ Apr 28 2008, 03:16 PM) <{POST_SNAPBACK}>
I'm currently a sophmore and I'm going to have to decide on a major soon. I'm thinking of either Finance or Accounting but I have no idea which! I've read a bunch of threads on both of these fields and I even went to one of those career development seminars and completed an interest inventory questionaire. It pointed me toward Accounting more than Finance but I'm still undecided sad.gif.

I'm currently taking the intro level accounting and I think it's okay.. I'm going to be taking my first finance course in the summer but I have to decide asap because if I go for an accounting major, I need to register and take Accounting I in the fall term of junior year in order for me to take more accounting courses in the spring of junior year or else I'll be behind in credits tears.gif.

So for those that have gone through this path..
-What'd you think of your courses?
-What made you decide which major to pursue?
-What you like or dislike about these majors?

Has anyone ever picked either accounting or finance and later on decide to switch to the other field? If so, what made you change your mind and how do you feel about the decision now?

Feel free to add any other relevant info. Thank you!! sweatingbullets.gif


I know one path for accounting is to go into the Big Four and start your career as an audit assistant. You'll then become a senior followed by manager--->Lastly a partner.



I know what you are doing right now. Yes, just as I expected you are reading what I have written here.
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#3 User is offline   Sapphire852 

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Posted 13 May 2008 - 10:21 PM

I'm specializing in accounting, so i can give you a pretty good description of what's to come...

usually, within your country you'll have accountancy designations (so in Canada it's the CA, in the US it's the CPA). Of course there are others too, but those two are usually the most known. i dont know the requirements for the CPA, but i can tell you a bit about the CA. to get the CA, you'll need either to be sponsored by a firm, or be from an accounting school, this is different from simply majoring accounting. from what you're saying, you probably are not from an accounting school, meaning that upon your graduation, u'll need to get into a firm that's willing and able to help you get your designation.

to get a CA designation, you'll need the right accounting courses, and pass two exams, and have to complete a number of audit hours (although it's has been changed now so that particular banks are also eligible to give you the experience required).

anyways... usually we in the accounting field want to get a designation first, since once we get a designation, our salary sky rockets. we tend to have a more stable and secure lifestyle than those in finance, since once you get ur designation, no one can take it away from you.

of course, after you get your designation, you dont have to stay with your accounting firm, you can go off to another accounting firm, OR working in the accounting department of any firm, of course your opportunities are limitless as there have been those who took their accounting knowledge to fight commercial crime.

i can talk for days about accountancy, especially in Canada, so if you have specific questions i'll try my best to answer them


EDIT.... LOL! sorry, i just realized i didnt answer any of your questions....hahahahaha

What i think about my courses... well despite what people think, accounting isnt only with numbers and math, i can honestly say that i've done more writing than calculating. Accounting isnt about writing the numbers down (that is book keeping), accounting is about making sense of these numbers, and essentially, your courses will be teaching you how to do that.

what made me decide.... to be honest, i'm still not 100% sure if accounting is "my field", but i can let you know that you wont know until you try it first hand, getting summer internships are the best way to get a feel of what your future job will be like. For my personally, i'm in accounting for the job security, even during our recession, there are still more accountants and accounting jobs than ever in history ^___^.

What i like about accounting... hmmm, i'm simply an accounting person, i hold passion for it, and i've been inspired by family and one of my professors.

what i dislike about accounting... lol, nothing much really~ =P
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#4 User is offline   x byul satang 

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Posted 20 May 2008 - 12:13 PM

well i only just finished my freshman year of college. but already i've switched from marketing, entrepreneurship, finance&acct, and finally to just finance & international business.

you could look into majoring in both finance and accounting. many of the classes are similar so i know a LOT of people at my school majoring in both. i decided to switch from finance & acct to just finance because i took a trip to chicago to visit the big four for student accounting society club and although i really liked some of the big four, i just didn't want to do accounting as a profession. to me, it seems very routine-like, although i do like accounting. so i decided to just do finance and go into investment banking or financial securities. i feel like it'll be more interesting than accounting but still deal with maybe some of the same concepts.

i haven't taken any finance courses yet, however i will be taking intro to invest. banking next year.
i took a basic accounting class first semester of college and i also took an accounting class in high school. i liked both classes and i think i'm pretty good at accounting which is probably why i like it.
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#5 User is offline   mahcivicslow 

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Posted 20 May 2008 - 01:57 PM

I majored in Finance and Information Systems. I chose Finance because it's easier than Accounting (to me at least) and I knew I was going to be in the IT field and I figured I should major in something else that might come in handy later if the demand in the IT field goes down.

I would choose Accounting over Finance even though I think the courses are tougher b/c it gives you more job opportunities as well as a better job security.
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#6 User is offline   candymoon 

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Posted 20 May 2008 - 05:14 PM

QUOTE (Sapphire852 @ May 14 2008, 12:21 AM) <{POST_SNAPBACK}>
I'm specializing in accounting, so i can give you a pretty good description of what's to come...

usually, within your country you'll have accountancy designations (so in Canada it's the CA, in the US it's the CPA). Of course there are others too, but those two are usually the most known. i dont know the requirements for the CPA, but i can tell you a bit about the CA. to get the CA, you'll need either to be sponsored by a firm, or be from an accounting school, this is different from simply majoring accounting. from what you're saying, you probably are not from an accounting school, meaning that upon your graduation, u'll need to get into a firm that's willing and able to help you get your designation.

to get a CA designation, you'll need the right accounting courses, and pass two exams, and have to complete a number of audit hours (although it's has been changed now so that particular banks are also eligible to give you the experience required).

anyways... usually we in the accounting field want to get a designation first, since once we get a designation, our salary sky rockets. we tend to have a more stable and secure lifestyle than those in finance, since once you get ur designation, no one can take it away from you.

of course, after you get your designation, you dont have to stay with your accounting firm, you can go off to another accounting firm, OR working in the accounting department of any firm, of course your opportunities are limitless as there have been those who took their accounting knowledge to fight commercial crime.

i can talk for days about accountancy, especially in Canada, so if you have specific questions i'll try my best to answer them


EDIT.... LOL! sorry, i just realized i didnt answer any of your questions....hahahahaha

What i think about my courses... well despite what people think, accounting isnt only with numbers and math, i can honestly say that i've done more writing than calculating. Accounting isnt about writing the numbers down (that is book keeping), accounting is about making sense of these numbers, and essentially, your courses will be teaching you how to do that.

what made me decide.... to be honest, i'm still not 100% sure if accounting is "my field", but i can let you know that you wont know until you try it first hand, getting summer internships are the best way to get a feel of what your future job will be like. For my personally, i'm in accounting for the job security, even during our recession, there are still more accountants and accounting jobs than ever in history ^___^.

What i like about accounting... hmmm, i'm simply an accounting person, i hold passion for it, and i've been inspired by family and one of my professors.

what i dislike about accounting... lol, nothing much really~ =P



Oh. So over @ Canada, they called it CA. In U.S, they called it CPA. You need to have 150 credit in order to take the exam and passed. I believe there are 4 tests and it covers EVERYTHING. when I say everything, it's EVERYTHING. From, everything you earn in your freshman year and beyond. Seriously. Most ppl always recommmend to take the test right after you graduate bc the information are still bit fresh in your mind, of course YOU still need to study and all. When you pass the 1 test, within a year or so, you MUST pass the other 3 and if you are working then (which you should be or hopefully so) the company will PAY (give you free money as Congrat) like $15,000 or so.
Anyway, enough about that. I was also debating WHICH of these 2 to major in. And i believe I know my answer now. Accouting. First, it's best bc for high demand job opens! Every place need an accountant!! Yes, in the begining you may start off low but eventually you will climb up and earn more. YOU can even open up your own company and become CEO!!! In my opinion, accounting is not that hard. Ppl always say it's hard or boring. But, I think if you like it and enjoy it, it's fine.

Nothing lasts forever.
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