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Benefits of an accounting degree?

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Question - (20 June 2013) 6 Answers - (Newest, 21 June 2013)
A male age 30-35, anonymous writes:

I am currently studying accounting at university. However, I failed two important courses which each add a year to my completion date. Right now I am considering quitting the degree and going to study CIMA or switch to another school and change majors. What are the benefits of me staying in school to complete the degree over the two choices I have stated above.

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A reader, anonymous, writes (21 June 2013):

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The problem with switching degrees right now is that I'll still be living with my parents and they voice their disappointment in me everyday. It's very demoralizing. I am thinking of finishing my degree find work and then work and pay for an alternative qualification. There is a lot of competition for accountancy jobs here. It's a small market with many qualified individuals and rife nepotism

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A male reader, anonymous, writes (21 June 2013):

Career wise, at least in the United States, accounting is probably one of the best fields to get into. Accounting positions require a set of skills that are in fairly high demand. On the bright side, folks in that line of work are compensated well. If you are that close to being done, I would stick with it.

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A female reader, anonymous, writes (20 June 2013):

Who cares about finishing later than others! Thats just immaturity talking!

You are so close! You finish your degree and then go from there. You are so close!

My father in law is an accountant, has his own business - is able to afford a wonderful life for his family - pays for everyone to go to Mexico once a year (all 8 family members) and then he and my mom in law travel to Europe once a year also. He has more money than he needs.

If you love it, you finish it. Don't look at what others think. Think about what is the smart and responsible thing to do. Focus on your work and just do it!

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A male reader, C. Grant Canada +, writes (20 June 2013):

C. Grant agony auntOK, I didn't see your follow-up before I posted. Again, not knowing your country I kinda have one hand tied behind my back, but here goes.

Failing two courses can be dealt with. Everyone who hires has been through university and knows that stuff happens. The question is how did you deal with it? Did you learn from your mistakes, work harder, and come out the end with great marks? Keep in mind that the only time anyone looks at your transcripts is when you're applying for your first job. After that it's the track record you establish while working that matters. In other words, there's an expiry date on the embarrassment you feel about this. Once you're in the work force it can and will be forgotten.

A way to help smooth this over too is to see if you can get a co-op position -- that gets you a head start (on both work experience and reputation) and demonstrates a helpful level of keen.

On the other hand ...

Depending on where you are, competition can be very fierce. Where I live, which at the moment has a very strong economy, my wife's firm only looks at the very top students. They have the luxury of choice, and the quick and easy thing for them to do is to look at the folks with the highest GPAs. If you're in that sort of market where you live, you might not get the benefit of the doubt, and it might be smarter to look at one of the alternatives you mentioned.

As I understand it, CIMA is the thing that took over the old CGA, CMA and RIA designations. CAs tend to see this as the minor leagues, but you can certainly make a decent living that way. Just not the big bucks. If you love accounting then by all means go for it.

And if you don't love accounting? Your working life is going to last an awfully long time. If you hate what you do it will be hard to be successful, and even harder to enjoy your short time on this planet. If the other major you're considering is something you love, it's definitely worth considering the change.

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A reader, anonymous, writes (20 June 2013):

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I am embarrassed to be graduating much later than normal and I am not sure if the humiliation I am experiencing and am going to experience is worth it.

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A female reader, aunt honesty Ireland +, writes (20 June 2013):

aunt honesty agony auntThe benefits are only for you to decide and nobody else. Research in to your ideas and make an informed decision on which route would be best for you and your future. It is your life and your decision. Good luck and all the best.

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