Top 4 Reasons You Should Consider an Accounting Degree

by Josh Biggs in Finance on 6th June 2020

If you’re thinking about going back to school for a degree but want to enter a field that’s practical, lucrative and in-demand, look no further than a career in accounting. While it sometimes might not seem like the most glamorous field, accounting actually provides a wealth of exciting opportunities. When you get a degree in accounting, you’ve taken a step towards a defined and secure career path. To learn more about the top four reasons you should think about getting your degree in accounting, read on.

1. It’s a Stable Career Field

Accounting is well known for being one of the most stable career areas out there. After all, every company and industry needs good accountants! The best part is that as businesses are projected to grow over the coming years, so is the need for professional accountants. In fact, according to research by the Bureau of Labor Statistics, the accounting field is set to grow by 6% by 2028. When you choose a career in accounting, you can feel confident that you’ll have plenty of job avenues for after graduation and beyond!

2. You’ll Have Countless Options

Because accounting is so versatile and indispensible to every business, if you get an accounting degree, you’ll have the option to enter any industry you’d like! While this means your job title could vary, it also gives you the freedom to explore different types of companies and corporate cultures. You can also switch fields later on and acquire new skills throughout your career. Possible jobs could include anything from being a financial analyst or budget specialist to managing audits or even earning a CPA and opening your own firm. With expertise in accounting, the possibilities are practically endless!

3. It’s Lucrative

Perhaps one of the best-kept secrets about accounting is that accountants are very well paid! When you consider how essential they are to every business’s operations, it makes sense that trained, professional accountants would be well compensated. In fact, according to the BLS, in 2019, accountants and auditors across all sectors earned an average yearly salary of $71,550, or $34.40 per hour. This is well above the 2018 average income in the United States, which was $33,831 per capita. When you earn an accounting degree, you demonstrate a high level of expertise that’s worth a lot to every employer!

4. It’s Intellectually Stimulating

If you like mental puzzles, stimulating challenges and working with complex materials to solve problems, accounting could be a great choice for you. With the wide range of projects you could be assigned to, accounting work is sure to keep you on your toes and mentally engaged every day.

For those with a mind for numbers and an organizational streak, accounting could be an excellent degree choice. The field is bound to be in demand for the foreseeable future, and has a wide range of applications in every industry. If you’re looking for a practical, stable career with lucrative benefits and a secure outlook, consider accounting. You could be on your way to a great future!

Categories: Finance