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Will double minor add value to my degree?

I am going to my 4th year of University and majoring in Accounting. I am considering doing a double minor in Finance and International Business. I am concern about double minors. Will double minors add value to my degree? and is it a good minor to choose with my major in Accounting? Need some minor recommendation.

Thank you #college-minor #majors-and-minors #academic-advisor

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Luke’s Answer

This depends on a few factors, but in the eyes of most employers minors typically don't hold much bearing unless you're aiming to work in a finance / international business role at a company. That being said, if you're passionate about either or both it can definitely be used to your advantage during interviews and in terms of the knowledge you might obtain, albeit less than if it was a true major.

A better way to look at this question is (1) what type of role interests you after college and (2) would I be able to land this role with an accounting background, or would finance / IB compliment this? Either way, you'll likely learn more on the job than from obtaining a minor in either course, so depending on your situation you may find advantages if forgoing either minor if it can save time or money, but still open the door to your dream role/path. Hope this perspective helped!

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Christine’s Answer

Hi Bahara,

I found this information on a website regarding minors and majors which is some good basic information: "According to Fastweb, a major is a degree, so if you double-major you get two degrees. Minors, though they still appear on your transcripts, are not degrees. According to the University of Washington, they give "you insight into an area you'd like to explore further in your career or in graduate or professional school." To receive a minor, you must generally complete about half of the courses required for that degree,." If you are just wanting to explore those two areas, Finance and International Business, then it is okay; however, if you want these two areas to matter and count toward your degree you will want to major in either one. I have copied a website which gives great insight about double majors and what may be the best way to increase your knowledge and hiring ability (https://www.affordablecollegesonline.org/college-resource-center/double-major-guide/). They go into in depth information about double majors vs dual majors. I also checked into a double major versus a masters and found this information: "Double major vs Masters
This question is about depth or breadth. A double major is about looking at the cross section of two fields or trying to capture skill sets that can be obtained by studying certain major. A Masters is more about depth within a field."

I hope this information is helpful and not overpowering. Basically, double minor really is not going to help you that much.

Good luck Bahara. If you need additional information, please let me know.

Christine recommends the following next steps:

About double majors versus minors: https://www.affordablecollegesonline.org/college-resource-center/double-major-guide/
Double major versus Master's degree: https://academia.stackexchange.com/questions/88293/pros-and-cons-of-double-majoring-vs-a-masters

Thank you so much, Christine. I will definitely look into those links and read about them before I make any decisions. Thank you so much again for helping. Bahara S.

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Hooman’s Answer

It definitely will not take value away from your degree. In my opinion the most important thing and biggest value minors add is give you insight/experience into something other than your major. They help expand your horizons and help you figure out what you are interested in.

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Norma’s Answer

I think when it comes to major and minor selection, students should look into what he or she enjoy the most. I, too, was a double major with a minor. My selection was based on what I enjoyed and how the major and minor subjects complement each other. For instance, research the minor that you are interested in by going to the subject department. If there is a teacher who teaches the subject, ask information about it. Majors and minors help in the job market, but developing the skills that are being taught in the classroom should be highlighted. My minor was philosophy and at first, one may think what does that have to do with psychology. If you look in a little deeper, philosophy helps in thinking outside of the box and critical thinking. Both tools are essential when looking for a job. Best of luck!