Accounting Degree REALLY Useless?

Accounting Degree REALLY Useless? (Explained)

It might be daunting to get into anything new when you don’t know all of the intricacies.

That is why deciding on a professional path is so difficult.

In this article, we will discuss Accounting Degrees and whether or not they are useful.

So is Accounting Degree REALLY Useless?

Accounting degrees are not useless; if you like numbers and crunching figures, there is no better job for you. Accounting degrees are well worth the investment since they offer up a wide range of well-paying and in-demand job possibilities.

If you enjoy numbers and crunching numbers there is no better occupation for you.

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Accounting Bubble Gum

Accounting is a fantastic career choice for those who are organised, pay attention to detail, think logically, and enjoy solving complex issues with numbers.

Accounting is highly enjoyable career

Accountancy is more than just calculating numbers. One of the most important aspects of the work is problem-solving for firms.

There are several financial issues that businesses confront daily, and the accountant assists in finding answers.

These solutions are intended to enhance revenues by utilising unique ideas that require lateral thinking and in-depth investigation.

Accountants not only assist businesses to handle problems but also detect troublesome trends and help avoid future problems.

Accountants, in this way, serve as strategic actors in any business.

Because each company’s issues are unique, there is a lot of room for creativity.

Accounting pays well

Accountants get paid well, with the median wage being $73,560 in May 2020.

Accounting graduates might work as finance managers, finance analysts, bookkeepers, financial accountants, and corporate accountants.

Below are some median wages for Accounting majors, keeping in mind will differ depending on location and organization.

Accounting Major
Accountant $73,560
Auditor $73,560
Managerial Accountant $76,230
Financial Analyst $83,660
Tax Accountant $$55,640
Bookkeeping $42,410

Source https://www.bls.gov/ooh/business-and-financial/mobile/accountants-and-auditors.htm

Accounting is in demand

Accountants and auditors’ employment is expected to rise at a rate of 7% between 2020 and 2030, which is roughly the same as the national average for all occupations.

Accountants and auditors are expected to be in high demand as a result of globalisation, a growing economy, and a sophisticated tax and regulatory environment.

In general, the growth of accountants and auditors is expected to be highly correlated with the overall health of the economy. As the economy grows, these experts will be called upon to create and review financial records. Furthermore, as more companies go public, there will be a greater need for public accountants to manage the legally needed financial data.

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Final Thoughts

Accounting degrees are not useless; in fact, if you enjoy numbers and crunching figures, there is no better career for you. Accounting degrees are well worth the investment since they provide a diverse variety of high-paying and in-demand career opportunities.

Accounting is an excellent career path for people who like numbers and pay close attention to detail.

The choice of what to study is important.

Speak with trustworthy friends and family members, and consider seeking expert advice.

Consider your strengths and limitations, as well as your likes and dislikes, before deciding on a career path.

 

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References

  • https://www.bls.gov/ooh/business-and-financial/mobile/accountants-and-auditors.htm