Is Accounting a Good Major?

Is accounting a good major? Let’s take a closer look at the job prospects, industry growth, earning potential, and job satisfaction.

Is accounting a good major

So you’re into numbers and wondering, is accounting a good major?

Let’s take a closer look at the job prospects, industry growth, earning potential, job satisfaction and other details that give us an idea of what your future might look like if you choose to major in Accounting.

– 2019 Ultimate Guide –

Is Accounting a Good Major?

When considering a college major, it’s always a good idea to check out potential salary, career prospects, and employer demand. Our in-depth guide will walk you through the process step-by-step!

There are many factors you will need to consider in order to determine whether Accounting is the best college major for you. Let’s get started!

Is Accounting a Good Major for the future?

Accounting is a good major because it leads to high paying, in-demand career prospects, excellent job satisfaction, and opportunities to grow and learn more in the field.

It’s important to consider these important factors and how your chosen major measures up.

What to Consider Questions to Ask How Accounting Measures Up
Salary Will I make enough to support my lifestyle? Many of the careers you can land with an accounting degree pay close to or over $100,000 per year!
Career Prospects Can I see myself in the accounting field? There are quite a few paths you can choose once you earn an accounting job, but only you can determine whether they seem exciting and fitting for you personally.
Industry Growth Is the accounting industry growing or dying? Am I likely to find a job when I graduate? Employment in the accounting field is growing faster than average.
Job Satisfaction Are people in this field generally satisfied with their job? Studies show that accountants have very high rates of job satisfaction.
More opportunities Can I further my education? Will it be a worthwhile investment? You can earn a master’s or doctorate in accounting and increase your job prospects and earning potential.

As you can see, accounting meets all of the requirements for a good major and can offer graduates a bright and successful future.

You can even earn an accelerated Bachelor’s in Accounting online from several reputable universities. Accounting also has a number of opportunities for continuing education, including an MBA or even an online PhD in Accounting.

Accounting Career Prospects and Growth

There is a high demand for graduates with Accounting degrees. Employment for Accountants and Auditors is expected to grow 10% from 2016 to 2026, which is faster than the average for all occupations.

These related occupations, which are open to Accounting graduates, are expected to grow at an even faster rate:

  • Financial Manager (19%)
  • Personal Financial Advisor (15%)
  • Management Analyst (14%)
  • Cost Estimator (11%)
  • Financial Analyst (11%)

Employment growth in this field is likely to be tied to growth in the economy, and is especially promising for those in the financial industry.

Graduates with expertise in technology, and those well-skilled in advisory or analytical duties, will also fare well.

Accounting Major Salaries

Accounting majors have many career paths they can choose from, but here are some of the most in-demand and highly paid professions.

Career Salary
Financial Manager $125,080
Top Executive $104,700
Actuary $101,560
Personal Financial Advisor $90,640
Financial Analyst $84,300
Management Analyst $82,450
Financial Examiner $81,690
Budget Analyst $75,240
Accountant / Auditor $69,350
Cost Estimator $63,110
Bookkeeping / Accounting / Auditing Clerk $39,240

Source: U.S. Bureau of Labor Statistics

Any of these professions would be open to you once you graduate with a degree in Accounting!

Accounting Job Satisfaction

Accountants rank among the nation’s most satisfied professionals.

Here is how the accounting field rates:

Job Satisfaction Criteria Score
Upward Mobility (salary & career opportunities) High
Stress Level Average
Flexibility Above Average

Source: U.S. News

With a degree in Accounting, you will very likely find a job with low day-to-date stress levels, where you can strike a healthy work/life balance, and expect plenty of opportunities for promotions and raises in salary.

What Can You Do With an Accounting Degree?

An Accounting Degree can help you land a high-paying job in the field, but a specialization will help differentiate you as an expert in a particular area.

It would be beneficial to consider a double major or complementing your Accounting major with something that will add value to a job application.

Here are a few examples:

College Major Target Career Job Outlook Median Salary
Double major in Accounting and Finance Financial Analyst

11%

Faster than average

$84,300
Bachelor’s in Accounting, CPA License Personal Financial Advisor

15%

Much faster than average

$90,640
Double major in Accounting and Engineering or Construction Management Cost Estimator

11%

Faster than average

$63,110

Source: U.S. Bureau of Labor Statistics

Subjects like Business Administration, Business Management, and Finance also pair well with an Accounting major and can help set you apart from other job candidates.

Accounting Major Career Paths

Some may think that with a degree in Accounting, you can become an Accountant and help people file their taxes, and that’s it. But there are many paths you can take with this degree!

With an accounting degree you could pursue employment as a…

  • Financial Analyst
  • Senior Accountant
  • Accounting Manager
  • Financial Controller
  • Certified Public Accountant (CPA)

And these positions could lead to a more specific role as a…

  • Senior Financial Analyst
  • Financial Controller
  • Accounting Manager
  • Chief Financial Officer (CFO)
  • Finance Manager
  • Corporate Controller
  • Certified Public Accountant (CPA)
  • Finance Director
  • Assistant Controller
  • Accounting Director
  • Cost Estimator
  • Forensic Accountant
  • Real Estate Appraiser
  • Payroll Accountant
  • Business Valuation Specialist
  • Certified Financial Planner
  • Tax Consultant

There are so many options, and a myriad of different paths you could take to get to where you want to be in the Accounting world. Graduates are never “stuck” being general Accountants; there is always room for growth and change within this diverse field!

Should I be an Accountant?

It’s worth considering!

If you enjoy working with numbers and don’t mind hard work, being an Accountant can be very rewarding. The field is thriving, and there are dozens of career paths to choose from. Professionals make excellent money – many close to or above $100,000 per year – and report a high rate of job satisfaction.

Deciding if Accounting is Right for You

There are many factors you will need to consider in order to determine whether Accounting is the right major for you. Do you enjoy working with numbers and finances? Are you a hard worker?

Spend time researching the field and speaking to others who work in it.

Whether it’s the right path for you will be a personal decision, but if it is you will have a bright future. A degree in Accounting will open doors to a diverse range of careers, all of which are in demand and pay well. You really can’t go wrong in this field!

List of Accounting Degrees Offered Online

The following universities offer a Bachelor’s in Accounting online.

University Accreditation
Athens State University Southern Association of Colleges and Schools
Auburn University Association to Advance Collegiate Schools of Business (AACSB)
Bellevue University Higher Learning Commission
Bemidji State University Higher Learning Commission
Brandman University Western Association of Schools and Colleges
Brenau University Southern Association of Colleges and Schools
Central Methodist University Higher Learning Commission
Clayton State University Southern Association of Colleges and Schools
Cleary University Middle States Commission on Higher Education
Colorado Christian University Higher Learning Commission
Colorado State University Association to Advance Collegiate Schools of Business (AACSB)
Columbus State University Southern Association of Colleges and Schools
Concordia University Higher Learning Commission
Eastern New Mexico University Higher Learning Commission
Excelsior College Middle States Commission on Higher Education
Florida Atlantic University Association to Advance Collegiate Schools of Business (AACSB)
Florida Institute of Technology Southern Association of Colleges and Schools
Fort Hays State University North Central Association of Colleges and Schools
Golden Gate University Western Association of Schools and Colleges
Indiana State University Higher Learning Commission
Indiana Wesleyan University Higher Learning Commission
Keiser University Southern Association of Colleges and Schools
Liberty University Association to Advance Collegiate Schools of Business (AACSB)
Missouri State University Higher Learning Commission
Morehead State University Southern Association of Colleges and Schools
National University Western Association of Schools and Colleges
Northeastern University Association to Advance Collegiate Schools of Business (AACSB)
Northwestern State University of Louisiana Southern Association of Colleges and Schools
Old Dominion University Southern Association of Colleges and Schools
Ottawa University Higher Learning Commission
Penn State World Campus Association to Advance Collegiate Schools of Business (AACSB)
Purdue University Global Higher Learning Commission
Regis University Higher Learning Commission
Saint Leo University Southern Association of Colleges and Schools
Siena Heights University North Central Association of Colleges and Schools
Southern New Hampshire University New England Commission of Higher Education
SUNY College at Plattsburgh Middle States Commission on Higher Education
Temple University Middle States Commission on Higher Education
Texas State University Southern Association of Colleges and Schools
Thomas Edison State University Middle States Commission on Higher Education
Touro University Western Association of Schools and Colleges
University of Alabama Southern Association of Colleges and Schools
University of Mary Higher Learning Commission
University of Maryland-University College Middle States Commission on Higher Education
University of Massachusetts Association to Advance Collegiate Schools of Business (AACSB)
University of Massachusetts – Amherst New England Commission of Higher Education
University of Michigan Association to Advance Collegiate Schools of Business (AACSB)
University of Minnesota – Crookston Higher Learning Commission
University of Minnesota – Twin Cities Higher Learning Commission
University of South Carolina Association to Advance Collegiate Schools of Business (AACSB)
University of Toledo Association to Advance Collegiate Schools of Business (AACSB)
University of West Georgia Southern Association of Colleges and Schools
Washington State University Northwest Commission on Colleges and Universities
Western Governors University Association to Advance Collegiate Schools of Business (AACSB)
Wilmington University Middle States Commission on Higher Education

Final Thoughts

Majoring in accounting could help you land a top-paying career in the accounting or finance fields.

The beauty of an accounting major is its flexibility.

Can you picture yourself in a corner office in one of these sectors: government, education, finance, or even public service?

Then, majoring in accounting may be a perfect fit. The choice is yours…

This article is brought to you by
Lindsay Aldini
Lindsay Aldini
Lifelong Learner
Joy Miller
Joy Miller
Founder
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