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.

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

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.

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.

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

Data provided by the 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 from the U.S. Bureau of Labor Statistics:

  • Financial Analyst. Job outlook: Faster than average (11%); Median salary: $84,300
  • Personal Financial Advisor. Job outlook: Much faster than average (15%); Median salary: $90,630
  • Cost Estimator. Job outlook: Faster than average (11%); Median salary: $63,110

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.

Rank University Featured Image tbl-programs Location mdgtbl-description
1

Athens State University

PROGRAMOnline
LOCATIONAlabama
ACCREDITATIONSACSCOC
Athens State is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award bachelor’s and master’s degrees.
2

Auburn University

PROGRAMOnline
LOCATIONAlabama
ACCREDITATIONSACSCOC
In 2013, the Southern Association of Colleges and Schools reaffirmed its accreditation of Auburn and its comprehensive array of undergraduate and graduate programs through 2023.
3

Bellevue University

PROGRAMOnline
LOCATIONNebraska
ACCREDITATIONHLC
Bellevue is regionally accredited by The Higher Learning Commission.
4

Bemidji State University

PROGRAMOnline
LOCATIONMinnesota
ACCREDITATIONHLC
Bemidji State is fully accredited by the Higher Learning Commission.
5

Brandman University

PROGRAMOnline
LOCATIONCalifornia
ACCREDITATIONWSCUC
Brandman is regionally accredited by the Western Association of Schools and Colleges (WASC).
6

Brenau University

PROGRAMOnline
LOCATIONGeorgia
ACCREDITATIONSACSCOC
Brenau is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associates, baccalaureate, masters, specialist and doctoral degrees.
7

Central Methodist University

PROGRAMOnline
LOCATIONMissouri
ACCREDITATIONHLC
CMU is accredited by the Higher Learning Commission.
8

Clayton State University

PROGRAMOnline
LOCATIONGeorgia
ACCREDITATIONSACSCOC
CSU is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associate, baccalaureate, and master’s degrees.
9

Cleary University

PROGRAMOnline
LOCATIONMichigan
ACCREDITATIONHLC
Cleary is accredited by the Higher Learning Commission.
10

Colorado Christian University

PROGRAMOnline
LOCATIONColorado
ACCREDITATIONHLC
CCU is regionally accredited by the Higher Learning Commission
11

Colorado State University

PROGRAMOnline
LOCATIONColorado
ACCREDITATIONHLC
Colorado State is accredited by the Higher Learning Commission.
12

Columbus State University

PROGRAMOnline
LOCATIONGeorgia
ACCREDITATIONSACSCOC
Columbus State is accredited by the Southern Association of Colleges and Schools.
13

Concordia University – St. Paul

PROGRAMOnline
LOCATIONMinnesota
ACCREDITATIONHLC
Concordia St. Paul has been accredited by the Higher Learning Commission since 1959.
14

Eastern New Mexico University

PROGRAMOnline
LOCATIONNew Mexico
ACCREDITATIONHLC
ENMU is accredited by the Higher Learning Commission.
15

Excelsior College

PROGRAMOnline
LOCATIONNew York
ACCREDITATIONMSCHE
Excelsior is accredited by the Middle States Commission on Higher Education.
16

Florida Atlantic University

PROGRAMOnline
LOCATIONFlorida
ACCREDITATIONSACSCOC
FAU is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associate, baccalaureate, masters, specialist and doctorate degrees.
17

Florida Institute of Technology

PROGRAMOnline
LOCATIONFlorida
ACCREDITATIONSACSCOC
Florida Tech is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associate, baccalaureate, master’s, education specialist and doctoral degrees.
18

Fort Hays State University

PROGRAMOnline
LOCATIONKansas
ACCREDITATIONHLC
FHSU and its Virtual College are regionally accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools.
19

Golden Gate University

PROGRAMOnline
LOCATIONCalifornia
ACCREDITATIONWSCUC
GGU has been accredited on an institution-wide basis by the Western Association of Schools and Colleges (WASC) since 1959.
20

Indiana State University

PROGRAMOnline
LOCATIONIndiana
ACCREDITATIONHLC
Indiana State has been accredited by the Higher Learning Commission (HLC) since 1915.
21

Indiana Wesleyan University

PROGRAMOnline
LOCATIONIndiana
ACCREDITATIONHLC
IWU is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools.
22

Keiser University

PROGRAMOnline
LOCATIONFlorida
ACCREDITATIONSACSCOC
Keiser is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award certificates and degrees at the associate, baccalaureate, master’s and doctoral levels.
23

Liberty University

PROGRAMOnline
LOCATIONVirginia
ACCREDITATIONSACSCOC
Liberty is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associate, bachelor’s, master’s, specialist, and doctoral degrees.
24

Missouri State University

PROGRAMOnline
LOCATIONMissouri
ACCREDITATIONHLC
MO State has been continuously accredited by the Higher Learning Commission since 1915.
25

Morehead State University

PROGRAMOnline
LOCATIONKentucky
ACCREDITATIONSACSCOC
MSU is accredited by the Southern Association of Colleges and Schools.
26

National University

PROGRAMOnline
LOCATIONCalifornia
ACCREDITATIONWSCUC
NU is accredited by the WASC Senior College and University Commission.
27

Northeastern University

PROGRAMOnline
LOCATIONMassachusetts
ACCREDITATIONNECHE
Northeastern is accredited by the New England Commission of Higher Education.
28

Northwestern State University of Louisiana

PROGRAMOnline
LOCATIONLouisiana
ACCREDITATIONSACSCOC
NSULA is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associate, baccalaureate, masters, specialists, and doctorate degrees.
29

Old Dominion University

PROGRAMOnline
LOCATIONVirginia
ACCREDITATIONSACSCOC
ODU is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award baccalaureate, masters, education specialist, and doctoral degrees.
30

Ottawa University

PROGRAMOnline
LOCATIONKansas
ACCREDITATIONHLC
OU has been continually accredited by the Higher Learning Commission without interruption since 1914.
31

Penn State World Campus

PROGRAMOnline
LOCATIONPennsylvania
ACCREDITATIONMSCHE
Penn State Online is regionally accredited by Middle States Association of Colleges and Schools.
32

Purdue University Global

PROGRAMOnline
LOCATIONIowa
ACCREDITATIONHLC
Purdue is accredited by the Higher Learning Commission.
33

Regis University

PROGRAMOnline
LOCATIONColorado
ACCREDITATIONHLC
Regis is accredited by the Higher Learning Commission.
34

Saint Leo University

PROGRAMOnline
LOCATIONFlorida
ACCREDITATIONSACSCOC
Saint Leo is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award the associate, bachelor’s, master’s, specialist, and doctoral degrees.
35

Siena Heights University

PROGRAMOnline
LOCATIONMichigan
ACCREDITATIONHLC
SHU is accredited by the Higher Learning Commission.
36

Southern New Hampshire University

PROGRAMOnline
LOCATIONNew Hampshire
ACCREDITATIONNECHE
SNHU is accredited by the New England Commission of Higher Education.
37

SUNY Plattsburgh

PROGRAMOnline
LOCATIONNew York
ACCREDITATIONMSCHE
SUNY Plattsburgh is accredited by the Middle States Commission on Higher Education.
38

Temple University

PROGRAMOnline
LOCATIONPennsylvania
ACCREDITATIONMSCHE
Temple is accredited by the Middle States Commission on Higher Education.
39

Texas State University

PROGRAMOnline
LOCATIONTexas
ACCREDITATIONSACSCOC
Texas State is accredited by the Southern Association of Colleges and Schools.
40

Thomas Edison State University

PROGRAMOnline
LOCATIONNew Jersey
ACCREDITATIONMSCHE
TESU is accredited by the Middle States Commission on Higher Education.
41

Touro University Worldwide

PROGRAMOnline
LOCATIONCalifornia
ACCREDITATIONWSCUC
Touro Worldwide is accredited by the WASC Senior College and University Commission.
42

University of Alabama

PROGRAMOnline
LOCATIONAlabama
ACCREDITATIONSACSCOC
UA is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award bachelor’s, master’s, educational specialist, and doctoral degrees.
43

University of Mary

PROGRAMOnline
LOCATIONNorth Dakota
ACCREDITATIONHLC
UMary is accredited by the Higher Learning Commission.
44

University of Maryland University College

PROGRAMOnline
LOCATIONMaryland
ACCREDITATIONMSCHE
UMUC is accredited by the Middle States Commission on Higher Education.
45

University of Massachusetts – Amherst

PROGRAMOnline
LOCATIONMassachusetts
ACCREDITATIONNECHE
UMass Amherst is accredited by the New England Commission of Higher Education.
46

University of Massachusetts – Dartmouth

PROGRAMOnline
LOCATIONMassachusetts
ACCREDITATIONNECHE
UMassD is accredited by the New England Commission of Higher Education.
47

University of Michigan – Flint

PROGRAMOnline
LOCATIONMichigan
ACCREDITATIONHLC
UM Flint is accredited by the Higher Learning Commission.
48

University of Minnesota – Crookston

PROGRAMOnline
LOCATIONMinnesota
ACCREDITATIONHLC
U of M Crookston is accredited by the Higher Learning Commission.
49

University of Minnesota – Twin Cities

PROGRAMOnline
LOCATIONMinnesota
ACCREDITATIONHLC
U of M Twin Cities has been accredited continuously by the Higher Learning Commission since 1913.
50

University of South Carolina

PROGRAMOnline
LOCATIONSouth Carolina
ACCREDITATIONSACSCOC
USC was most recently accredited by the Southern Association of Colleges and Schools Commission on Colleges in 2011.
51

University of Toledo

PROGRAMOnline
LOCATIONOhio
ACCREDITATIONHLC
U of Toledo is accredited by the Higher Learning Commission to award Associate’s, Bachelor’s, Master’s, Specialist and Doctoral degrees.
52

University of West Georgia

PROGRAMOnline
LOCATIONGeorgia
ACCREDITATIONSACSCOC
UWG is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award baccalaureate, master, and doctorate degrees.
53

Washington State University

PROGRAMOnline
LOCATIONWashington
ACCREDITATIONNWCCU
WSU is accredited by the Northwest Commission on Colleges and Universities.
54

Western Governors University

PROGRAMOnline
LOCATIONUtah
ACCREDITATIONNWCCU
WGU is accredited by the Northwest Commission on Colleges and Universities.
55

Wilmington University

PROGRAMOnline
LOCATIONDelaware
ACCREDITATIONMSCHE
Wilmington is accredited by the 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…

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This article is brought to you by
Lindsay Aldini
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