How much does your major in college matter when pursuing a career in accounting?
I'm a junior high school student who's striving to be an accountant someday. I'd like to know the importance of a major, as well as the importance of the college you attend when taking into consideration a career in accounting.
I don't think major in Accounting is a must in college but certainly beneficial. Though there's two things you need to consider:
1). Would you like to start pursuing accounting field jobs right after graduation from college? If so, I would suggest you to consider major or minor in business (accounting, finance, etc), and take a few fundamental accounting classes. Also, if you decide to get a master's degree in accounting, majoring in those subjects can be beneficial too. However, I did have a graduate school classmates majoring in music and he graduated from Berklee College of Music :)
2). Do you plan to obtain a CPA license in the future? If so, then depends on different states, general rule is that you have to have 150 credits to be able to become a licensed CPA, and some states specify how many hours of accounting-specific studies you need as part of their CPA Exam requirements. Illinois, for example, requires 30 hours in accounting-related subjects, including courses in auditing, financial accounting, managerial and taxes. Other states, such as Maine and California, have more detailed accounting coursework requirements, including minimum total hours in upper-level accounting and business courses. As such, if you would like to become a CPA in the future, I think it's beneficial to start taking some accounting coursework during college whether or not you major in accounting.
Hope this helps!
Taking a accounting degree would be beneficial if you a re considering becoming an accountant. It will give you the ground work to understand what you are going to do when you study accounting and work as an accountant. There is a lot of intricate things that accounting degrees do such as trying to balance accounts and taking the classes would only be beneficial to you and give you the experience you need.
The next step you would have to consider after graduation in accounting would be whether you want to become a CPA. But just before your last semesternof studying accounting start you application for the CPA exam. There are also help online with CPA exam prep too.
My mother did bookkeeping, learned accounting through online resources, and has an English degree. She took the practical work experience route.
I currently work as a SOX controls consultant, am an active CPA, and have an Accounting degree. I took the college degree route.