Getting your accounting degree is a smart investment for your future that will pay off in many ways. Here are the top five:
First and foremost, better salary. Your earning power skyrockets when you’ve got an accounting degree, so much so that it’s usually not possible or recommended to try and work in the field without a degree. In 2006, the median income for accountants was close to $60,000, and that’s a figure you won’t see without a degree.
Second, an accounting degree means you’ll have access to better jobs and more opportunities to advance your career than someone who’s trying to make it in the field without a degree. Without the proper training, you won’t even be able to find a worthy entry-level position, let alone step up to greater positions in the future, but with an accounting degree from an accredited college or university, you’re on your way to better offers.
Another reason to get your accounting degree is related to the first two: job security. Industries contract and expand, and economies go up and down, but it’s a generally good rule of thumb that the higher your education, the better you’ll be able to insulate yourself from economic shockwaves. People without degrees have less training and fewer opportunities, and are in lower demand than those employees with degrees and experience. An accounting degree is a way to make sure your skills aren’t just proven, but desired.
The field of accountancy is also a growing industry, and getting an accounting degree will let you work in a dynamic and financially rewarding career. The U.S. Department of Labor’s Bureau of Labor Statistics predicts that employment of accountants and auditors will grow by 18% through 2016, which is faster than the national average for all occupations. With an accounting degree, you’ll be able to compete in a growing marketplace and enjoy the rewards of a booming career field.
Finally, a great reason to get an accounting degree is that it’s a fantastic way to prepare yourself to work in a variety of businesses and different areas within them. An accounting degree is applicable to practically all areas of modern business, and therefore it’s always in need. Every business needs valuable people who are able to work in their financial and accounting departments, so getting an accounting degree is your ticket to whatever industry you’re interested in.
Ultimately, getting an accounting degree is a guaranteed way to improve your academic career and boost your real-world earning potential.