08-1020 Brevik Pl, Mississauga
647-870-6986

June 5, 2021

Getting Accounting Job With a Finance Degree?

Most people with a knack for number crunching look forward to pursuing bi-majors in accounting and finance. While this is true for the majority, a minority who wants to pursue accounting or think that accounting is their true calling major in finance.

Well, if they think that their odds of getting an accounting job are significantly diminished, then they are wrong. It's usually a simple and relatively common way to land oneself an accounting with a finance degree. Whether it is a plan from the start or not, that part is irrelevant, because finance and accounting are two highly interconnected disciplines. Education is one of these areas and is often accepted as such by workers in the other area.

Keep reading if you want to evaluate your chances.

Courses Taught to Finance Majors

Let’s delve into what most finance majors learn during their bachelor's; you will find out that most of these courses are closely linked to accounting.

  1. Mathematics courses (statistics, econometrics, linear algebra)
  2. Basic and advanced accounting (tax accounting, cost accounting, management accounting, financial accounting)
  3. Basic and advanced level finance
  4. Business law, corporate law, and ethics
  5. Investment banking, treasury, and fund management and portfolio management
  6. Financial Management Analysis
  7. Financial modeling
  8. Management of financial institutions
  9. Business Finance
  10. Corporate and non-profit finance

Courses taught to accounting majors

  1. Basic and advanced accounting (tax accounting, cost accounting, management accounting, financial accounting)
  2. Forensic Accounting
  3. Audit and Assurance
  4. Company Law
  5. Business ethics and accounting
  6. Business law, corporate law, and ethics
  7. Advanced Taxation

Accounting jobs that someone with a finance degree can take

Having the above-mentioned courses completed, let's evaluate the next question. What exact types of accounting work can you do with a finance degree? Below is a list of some of the accounting profession options.

City Treasurer - The city treasurer essentially manages some or all of the municipality's financial interests.

Accounting coordinator - Accounting Coordinators work in the organization as a kind of banker or controller. They can handle accounts, payments, money transfers, and a variety of other financial assets.

Tax Processor or Tax Accountant - Sometimes operating independently, these two business areas are often referred to as a single job: Tax Processor / Accountant. Businesses do employ separate personnel for each. This profession allows the candidate to keep various financial records for the company and can therefore also carry out tax preparation activities upon request if needed.

Assistant to the Chief Financial Officer - The assistant to the Chief Financial Officer reports to the Chief Financial Officer, who is also a finance major. This is also a promising career trajectory for the finance major, in a capacity that requires fulfillment of work related to accounting. Daily tasks here can include attending meetings, creating new financial plans, supervising and keeping records of subordinates, analyzing, making investment decisions, and more.

Personal Accountants - Personal accountants work for individuals and manage all or part of their financial affairs. Investments, income, retirement goals, checking accounts, savings, and many other factors can be determined for different levels of accounting input in this role.

The other perspective

In addition, a few people give to a more straightforward approach and settle on just getting a business degree while performing this perfect job, you can use other complementary approaches. Internships, additional courses, volunteering, and even research and study at your own pace and in line with your interests can be good ways to become more employable in your area of choice, expertise, and interest.

Among the FAME subjects, while mathematics and economics are of unfathomable importance, most people opt for accounting and finance because it keeps them more in line with the contemporary while math and economics have more of the technical touch to them.

What most people do is, often add on math and accounting as minors when pursuing a degree in finance. While people who study finance are known to be the brainiest, it is true that finance is not the true calling for all; oftentimes, people realize that at least a year into a finance degree.

You should be concerned about that anymore; you will always have a plan B that you can pursue – get an accounting job.

It's simple. During your educational journey, you need to ensure that you study with the best finance and accounting professors who not only equip you with the

Conclusion

Accounting and finance are closely linked. Consequently, responsibilities and training paths are very similar too, as a matter of fact. These are the basics of getting an accounting job with a finance degree, but know that these two are not the only fields that one can pursue.

Regardless of the majors one pursues, how well versed and well-acquainted they are with the industry acumen depends on the kind of instructors they are able to dispense knowledge out of, their own research on the topic, and their willingness to learn.

Author

Salman Rundhawa

Salman has a strong desire to help others succeed and believe in passing on the knowledge. He likes to mentor others and wish to play part in other people success.

Leave a Reply

Your email address will not be published. Required fields are marked *

envelopephonemap-marker linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram