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Is a bachelor's degree enough to get an entry-level job in accounting or do you need a master's?

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Harry’s Answer

Hey Elizabeth,


That's a great question. I agree with the other answers to this question, definitely research the company's you are interested in to see what they are looking for in a candidate. All the big 4 firms have similar criteria but it's always best to be prepared and understand what the firms want in a new hire.


The easy answer to this question would be, yes a bachelor's degree is enough to get an entry level position however it won't always be enough to get you the 150 credits needed to be a CPA (which majority of firms require in order to get a promotion from an entry level position). From personal experience, I have my Master's in accounting and I did so in order to obtain the 150, and it also can never hurt to get more learning.


I would suggest doing the research, and than see if you have the time and financials to do a master's program before starting your career, it's not for everyone and isn't necessarily needed, as long as you can get the 150 without a Master's you aren't required to get one.


Best of luck!

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Kristina’s Answer

As others have mentioned, a masters degree may not be necessary for entry level jobs (or even beyond entry level in some cases). However, it is common that having the 150 credits necessary to sit for the CPA exam will be a requirement. If you are able to get those 150 credits with your bachelors degree, that will be enough for many entry level jobs. These extra credits can be obtained through AP credit transfers, taking additional courses during the year, or taking courses over summer/winter break. I recommend that you research a few items when coming up with your education plan, including the following:

1) Research your state's education requirements to sit for the CPA exam (number of credits, types of courses, etc).
2) Look into the requirements for the entry level jobs you are interested in.
3) Think about any career paths you may want to pursue in the future. Consider if they require a master's degree, CPA license, etc.
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Tantana’s Answer

A bachelor's degree is great start for entry level. However, when applying make sure you do your research on the company because a lot of accounting firms and businesses will pay for your school as it relates to their company. When it comes to tuition any little helps makes a big difference.

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Zachary’s Answer

From my experience, primary qualifications are undergraduate degree and the 150 credits for CPA eligibility. Universities will try to sell you on the "5 year masters program" to get the CPA credits -- be skeptical and do your research. You do not need to spend excess money on the graduate school tuition to work your way into a entry level job at a Big 4 firm. Consider the cost v. benefit of the masters degree before you pursue it because it's thought to be the easiest path to gain the credits needed for the CPA.

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Bill’s Answer

Yes, a bachelor's degree can get you into the field, but keep in mind that you will likely need additional credits and/or degree as you advance depending on what your goals are (i.e., need 150 credits to get CPA license).
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Jordan J’s Answer

Hi Elizabeth, do you need more than just a bachelor's degree to get an entry level accounting job? In short, yes and no, it all really depends on the size and requirements of the companies that are posting the openings. A bigger and more prestigious company like Goldman Sachs is going to have higher standards compared to a smaller firm. Best advice I could give is visit your local campus counselors and join clubs at your school o help you get the knowledge and know hows in how to better prepare your resume. These clubs are there to help you so join your schools Accounting Society or similar clubs at your school to help you better prepare. Also have an idea in mind of which companies or firms you want to join, some have harder requirements than others but it's best to be informed above all else on how you can prepare yourself and what your next steps will be.
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Elena’s Answer

Good morning. This is such a great question. In my opinion, a bachelor's degree would be enough to get an entry-level job in accounting. However, if you want to have a competitive advantage, a master's degree is certainly worth it. It will differentiate you from others and help you get a better job opportunities.

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Brittney’s Answer

Hi Elizabeth,

That is a great question! I do not work as an entry-level accountant, however, am in your field and thought you may find my experience useful! I obtained a bachelor's degree in accountancy and information systems and currently work for a public accounting firm. Although I'm not an accountant, I work as an auditor for public companies.

From my experience, I don't think that a master's degree is necessary as long as you are not going into tax as an accountant. Additionally, in order for you to become a CPA you have to have more than a bachelor's degree worth of credit, hence, that's why most people choose to get their master's degree, however, there are alternatives to obtaining enough credits such as obtaining multiple degrees or minors. I personally got two degrees and used my intern experience with PwC to get me to the credit requirement to be eligible to take the CPA exam -- i think it's a cheaper option than getting a master's degree and gave me a wide range of experience and educational background!

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Julie’s Answer

Hi -

A bachelor's degree is definitely enough to get a job in accounting! All public accounting firms take kids right out of undergrad. If you are looking to become a CPA you need to have 150 credits. You can take all of these credits in your undergrad, you just have to plan out how to take them. A good way to get the extra credits are summer or winter courses through a community college. Good luck!

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Emilio’s Answer

Hi there!!

I believe that a bachelor's degree is enough for many of the entry level accounting positions that are out there. It would be especially good if you were able to get your 150 units and get your CPA. Like many are saying though, I would look into the companies that you want to work for and see if they ask for a bachelor's or masters degree.
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Marissa’s Answer

Hi Elizabeth,


Great question! I work at PwC, one of the big 4, and I only have my bachelors degree. I did, however, do my 150 credits in 4 years by doing summer school and overloading. It honestly just depends on what you are looking for! It was very common at my college to obtain the 150 credit (to sit for your CPA) in 4 years with AP credit transfers. I would say its pretty much an even split in my team who has a masters vs a bachelors degree.

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Brian’s Answer

Hi. I think you can do a program that allows you to do 5 years and you get your CPA degree with it.
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Armand’s Answer

Bachelor is fine. Most big4 firms (if you want to work in public accounting) will require you to have 150 credits (to be eligible to sit for the cpa - in the state of Florida)

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Mikayla’s Answer

Hi Elizabeth,

Yes, a bachelor's degree is enough for an entry-level job in accounting. The amount of credits you need will vary depending on firm, however. Big 4 require 150 credit hours, while smaller firms often only require 120 credit hours (standard of a bachelor's degree).

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Brien’s Answer

A bachelor's degree is enough to land you an entry-level job, however having a master's degree can help. Having a CPA license makes all the difference in the world when it comes to accounting jobs. Having a CPA license holds more weight than a Master's degree.

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Denise’s Answer

Hi Elizabeth! I am currently finishing up my Masters in Accounting. However, that is definitely not necessary! I have numerous friends who finished their bachelors and are in the same position as me (and a few who have already passed the CPA which is the goal for some in accounting)! It depends on you and what you want to learn/convey to others. Best of luck!
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Lindsay’s Answer

 Getting a bachelor's degree is definitely enough for you to get an entry- level job in accounting. The companies do not require you to get a master's degree. I personally would say depending on the firm if they want you to get a master's they will send you back to school and pay for you. Having a master's degree does give you extra experience and knowledge. Some companies will pay you higher, but it depends what you would like to do.

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Dustin’s Answer

Hi Elizabeth -

Great question. Happy to hear that you're considering a career in Accounting!

I'd suggest choosing a few employers where you're interested in launching your career and then check out their job postings to review the required basic qualifications for the roles. I'd imagine many will be more focused on your interest in pursuing your CPA and meeting CPA eligibility -- which will require you to complete 150 semester hours (or the equivalent to 225 quarter hours). Becker provides a good resource where you can view CPA requirements by state: https://www.becker.com/cpa-review/requirements

While more education is never a bad thing, it's important for you to evaluate your own goals and the cost/benefit of an extra year of school. The accounting profession is quickly becoming more tech enabled. So think about how you can enhance your digital skills. You can strategically map out a path to 150 by satisfying the required classes to meet your state's CPA eligibility requirements, while picking up additional courses in technology. Think data analytics, information sciences, data wrangling and visualization, cyber security, etc.

While you don't need to be an expert in every tech tool, it's important to understand what's available and know how to apply technology to solve complex problems. Take a look at what courses your school offers and continue to learn technologies/skills that will help you work more efficiently, improve quality, and unlock time so you can focus on more strategic or complex projects and relationships. How you can become a lifelong infinite learner?

Good luck!

Dustin

https://www.linkedin.com/in/dbartolomeodamon/
https://twitter.com/dbartdamon
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Rachelle’s Answer

Hi Elizabeth,

A bachelor degree can be enough to get an entry-level job, and can get you into a Big 4 accounting firm. Of course a masters is always highly valued and can set you up for bigger opportunities. However, don't feel the pressure that without a masters you are limited. A lot of times employers are looking to hire someone who has people skills and the ability to learn as they go. If ultimately a masters is something you'd really like to pursue, some employers may even pay for your program.

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