Pros and Cons of Pursuing an Accounting Degree

How do you know if an accounting degree is the right one for you? The wise move to make is to look at the program on both ends of the spectrum. 

An accounting degree unravels a slew of opportunities. But not every opportunity is worth taking. You must weigh the pros and cons of pursuing accountancy to land a decision.

With that in mind, you must know if studying accounting is worth it for you. Take a look at the pros and cons of pursuing an accounting degree. Find out if this program can lead you to the career you want.

Pros

Pathway to a Dynamic Career

Finance is the bloodline of businesses. As an accounting graduate, you’re the perfect candidate to make any business run.

Every for-profit organization needs an accountant. With the right set of skills and qualifications, you can assume this position. Plus, you can take this role in any type of industry there is. 

Growing Employment Demand

With businesses sprouting in every corner of the world, accountant demand will increase. In the United States, the Bureau of Labor Statistics (BLS) reported that employment demand for accountants will grow to 10% from 2016 to 2026.

A Great Bridging Program 

An accounting degree can also help you apply for a higher program. For example, you can use it if you want to apply for law school. 

Though a pre-law can be any undergraduate program, you have an edge with accounting. Many researchers found that CPAs are more likely to pass the bar exam. A background in accounting might be your key to ace the notoriously difficult test.

High Entrepreneurial Potential

Want to be your own boss? With an accounting degree, it’s possible!

You can start an accounting firm once you have the capital and manpower to launch one. Your education and skills give you the knowledge to run the specifics of this business.

Cons

Many Busy Seasons

It’s true that every job has its own set of busy seasons. But for most accountants, these seasons can be twice as exhausting. 

To illustrate, the first quarter of the year is often the busiest time for tax accountants. This is because they have to meet the deadline for tax submissions and reports for their clients.

Dull and Stressful Workplace

An accountant’s workday is just like any typical 9-to-5 grind. However, the monotony of daily duties can be boring for most.

Over a dull work life, you’re still bombarded with stress. There’s almost no room for relaxing with such a complex job. 

Non-Stop Upskilling

Upskilling in the accounting field often means earning different certifications. Not to mention, accountants must also adhere to national fiscal policies. They must also study new laws and gain more certification to continue practicing.

Any type of job has its own set of pros and cons. What’s important is knowing that you’re choosing a program where you can grow and enjoy.

Want to learn more about pursuing an accounting degree? Take a look at this list of reasons to pursue an accounting degree. You can also find more related study abroad programs at MSM Unify.