Choosing the right career field is the key to getting excellent job security, high pay, and more flexibility in your profession. One possible industry that offers all of these things is the finance industry. Working in accounting or finance is one of the smartest decisions someone could make for their future. Before you commit to some other type of major in college, consider opting for a course of study in accounting. Here are five reasons why a degree in finance or accounting is a smart choice.
1. Achieve More Job Prospects
The biggest benefit of a degree in this field is that you get more job prospects. The financial industry markets have traditionally experienced healthy growth. Additionally, expect to see even more job possibilities opening up around the globe as more opportunities for investment come to light in developing countries like China and India. Those with a finance or accounting degree can expect to be in high demand for potential jobs upon graduation.
2. Earn a Higher Salary
Working in accounting or finance is also healthy for your wallet. A degree in finance can help you get a sizeable starting salary for your first professional job. Additionally, when your first starting salary is higher than other types of professions, you can demand better and higher pay as you make your way through your career. Many finance and accounting professionals also receive attractive benefits like low-cost health insurance, vacation time, and other company perks.
3. Understand the Complexities of the Tax Code
Next, having a degree in finance or economics helps you get a greater understanding of the country’s tax laws and unique situations. As you work in your career and aim to maximize your financial situation, this deep level of knowledge may help you make better decisions for you and your family’s financial future. Getting your degree in a top program like Northeastern can help you develop this important expertise.
4. Be at the Forefront of a Dynamic Industry
Individuals with degrees in the financial sector are also in the midst of an exciting industry that is constantly evolving. UAB’s online masters degree in accounting can help you be part of this field and witness some of the new ways that accountants will be doing their jobs in the future.
5. Have Greater Career Mobility
The last way earning an accounting or finance degree can be beneficial to someone is that this degree offers excellent flexibility and potential career mobility. Because the need for someone skilled in finance and accounting is universal, you could potentially work in a variety of industries and fields. Additionally, many jobs in this field offer workers the ability to move up the corporate ladder and earn a higher salary. Top accounting and finance departments in companies could typically have potential leadership roles as department leaders. Adding supervising to your resume could have you potentially earning even higher salaries.
When it’s your turn to choose your future, opt for a degree program that can give your life and prospective employment more options, like a finance or accounting degree can. This way, you can experience greater job satisfaction with a lucrative salary and an interesting line of work.
