Re: FInancial careers
My quick take and opinion on your situation. I'm going to state things in absolutes, but of course there are no absolutes. My opinion below, is sort of in general this is what happens.
In case you can't tell, Accounting looks backward, Finance looks forward.
1. With an undergraduate degree in accounting there are two paths out of school: CPA route or Corp accounting route. In the CPA route you're generally doing auditing and taxes until you choose to specialize in something (taxes, estates, financial planning, forensics, etc). Or you can choose no to specialize and be a generalist/partner.
In a big CPA firm though it's usually up or out- you can't really be a generalist there too long unless you become partner. The bottom line with being a CPA is that mostly, you're looking backward, trying to figure out and explain what happened. Knowing how to prepare taxes and give tax advice will always be part of your job also.
2. Going the Corporate accounting route, you don't need a CPA (though it is helpful to credentialize yourself). Right out of College, you usually start out in the "accounting machine" somewhere (A/P, A/R, etc.) Later you get into making budgets, analyzing costs, making financial plans, and eventually get into explaining results to people.
3. A person with an undergraduate finance degree can start in corporate accounting in the same position as a person with an undergraduate accounting degree.
In my opinion, a Finance major takes more mathematical background (there's more calculus, statistics and computer programming involved), but if this interests you, you should go this route if you have the interest and mathematical background. The jobs are more interesting (in my opinion), you're looking forward, so things are changing, and the pay is better. There is also more competition for those jobs, so advanced degrees in Finance, mathematical finance or maybe an MBA are kind of the minimal level of education you'd need.
With an undergraduate degree in accounting or finance, you're looking at 1 or 2 or 3 above out of college, then getting absorbed in a company somewhere.
If you go the Finance route with an advanced degree, you won't probably be working in the corporate arena, but at a specialized, where the work is more interesting, more demanding, and pays more.
Best Wishes
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