Friday, March 12, 2010

Is it worth it to double major in finance and accounting?

Hey, I am considering doing a double major in business (finance) and accounting. I can do it in 4 years, I would just have a tight schedule with a tougher work load and not be able to take any elective classes that seem interesting. Is it worth it to risk a better GPA if I were just to mahjor in accounting? How does it benefit me if I want to go into financial services (corporate finance, i-banking, private equity, hedge fund, venture capital...) and/or corp. finance in energy or healthcare?

Is it worth it to double major in finance and accounting?
I would probably go for the Accounting degree. You will have more career options available to you. If you look at most job postings in the financial services field, they require a degree in either Finance or Accounting. If you ever decide to become a CPA most states require you to have a master's degree or 150 hours (30 in accounting) on your transcript to even be eligible to sit for the exam. The double major would help you in that respect, but taking the electives would be more enjoyable. The Big 4 accounting firms like for you to have a good GPA as well. Also, make sure you have a good credit rating if you are going to be working with other people's money, so STAY AWAY FROM CREDIT CARDS while in college!!!





Seek the advice of someone already in that field. Who would know better?!





Good luck to you...
Reply:If you want to go into financial services, the accounting degree probably won't help you out too much. If you wanted to go this route and double major in something, I would say your best bet would be finance and economics, or economics and Mathmatics.





However, if you want to stay in corporate finance, the accounting degree will probably be worth it as finance and accounting work very closely with eachother in that environment.





I hope this helps.
Reply:No need for the double major.





Major in Finance and it will cover the basics of Accounting. You'll do fine in the corporate world.





An advance degree will set you apart from the competition.





Good luck.
Reply:aren't they the same thing


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