Accounting vs. Finance - Which Major Is Better?

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  • เผยแพร่เมื่อ 29 พ.ย. 2024

ความคิดเห็น • 154

  • @redwolf8135
    @redwolf8135 ปีที่แล้ว +62

    Careers in Finance: Financial analyst, financial advisor, banker, credit analyst, wealth manager, stock broker, finance manager, insurance agent, insurance underwriter, insurance adjuster.
    Careers in accounting: Accountant, financial analyst, tax specialist, finance manager.

    • @gabrielbrewster4806
      @gabrielbrewster4806 ปีที่แล้ว +1

      isn't a management accountant an accountant?
      Management accounting is focused on making decisions for the future.

    • @redwolf8135
      @redwolf8135 ปีที่แล้ว

      @@gabrielbrewster4806 As long as you have experience, you can move into management.

    • @Hawkfeet
      @Hawkfeet 7 หลายเดือนก่อน

      You can get cpa with finance degree no ?

    • @ons1aughtcs
      @ons1aughtcs 6 หลายเดือนก่อน

      ​@@Hawkfeet cfa > cpa

  • @priscillachavez6466
    @priscillachavez6466 3 ปีที่แล้ว +201

    I'm 28 and want to go back to school I'm heading more towards accounting. Its never too late I'm gonna go for it. I find accounting interesting. I'm a working women, wife mom of 1 with another on the way but anything is possible. I appreciate you sharing please keep up the videos Thanks

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  3 ปีที่แล้ว +12

      Do it Priscilla! Lets go🙌🏼. It's never to late. Let us know if we can help along your journey.

    • @MrErick2391
      @MrErick2391 3 ปีที่แล้ว +12

      Great job Priscilla!!! I’m 27 and also thinking of going back to school and also leaning toward accounting I find it interesting also, and you’re my role model since I was thinking I can’t go to school, but you have motivated me to do so!

    • @sanyfin
      @sanyfin 3 ปีที่แล้ว +2

      go for accounting

    • @ivyzack251
      @ivyzack251 3 ปีที่แล้ว +8

      @@MrErick2391 what advice would u give to a a high school graduate who is interested in accounting finance?.

    • @Theblueishlemon
      @Theblueishlemon 3 ปีที่แล้ว +1

      No one asked

  • @RenaissanceMan-xe6lo
    @RenaissanceMan-xe6lo 3 ปีที่แล้ว +71

    Great Video! I majored in both! Having substantial knowledge of both areas can be very helpful, as a lot of Finance decisions are based on Financial Statements.....

    • @impo9645
      @impo9645 2 ปีที่แล้ว

      Which one do you think is better

    • @saintsx1958
      @saintsx1958 ปีที่แล้ว

      @@impo9645 Frankly, it just comes down to whether you want to dwell in the past financials or the future finances of a company.

    • @impo9645
      @impo9645 ปีที่แล้ว +1

      @@saintsx1958 is there not one that's objectively better

    • @Ṉîġġêr̥125
      @Ṉîġġêr̥125 8 หลายเดือนก่อน

      @@impo9645which has more salary someone with an account degree or someone with finance degree

  • @rothberg4334
    @rothberg4334 11 หลายเดือนก่อน +4

    Good advice, I took accounting as it was the most urgent need for my company.

  • @madhupaudel-u1c
    @madhupaudel-u1c 3 หลายเดือนก่อน +4

    Bachelor in Accounting and Masters in finance is the best choice , I see

  • @hayespipes
    @hayespipes 2 ปีที่แล้ว +24

    I’m a junior currently studying at LSU. I started off in General Business knowing all of my early credit hours would carry over to whatever I wanted to go into, and I switched over to Finance this semester.

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  2 ปีที่แล้ว +1

      Great choice.

    • @lafezekangema__
      @lafezekangema__ ปีที่แล้ว +1

      Hello I'd like to know if finance is hectic and if it involves a lot of maths?

    • @hayespipes
      @hayespipes 11 หลายเดือนก่อน

      @@lafezekangema__ I’ve found finance to be very manageable. The only math class I had to take was business calculus my freshman year. I placed out of the basic math class with my ACT score. Accounting and finance classes can involve some math though. Accounting is almost exclusively addition and subtraction. Finance sometimes involves ratios and you have to know how to calculate stuff like projected earnings, interest, dividends, etc. You’ll still have to take accounting classes as a finance major, but more finance classes than accounting.

    • @davidkamau8913
      @davidkamau8913 7 หลายเดือนก่อน +1

      Hello I am about to start at LSU as well, I just wanted to know how the program is. I am also not good at math but am interested in finance how intense would you say the math is?

    • @hayespipes
      @hayespipes 7 หลายเดือนก่อน +4

      @@lafezekangema__ Sorry for the delayed response. I think the math is very manageable. The only math class I’ve taken was my first semester of freshman year. It was Business Calculus and I passed with a B-. Any other math is simple stuff in Finance and Accounting classes. This is stuff like adding and subtracting on a balance sheet, plugging in values into financial formulas, and calculating things like rate of return which is just addition and multiplication for the most part.

  • @terucks
    @terucks 3 ปีที่แล้ว +38

    I like accounting. Are there careers in accounting where you don't have to stay in the office all day? I like to move around and talk to people when it comes to careers

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  3 ปีที่แล้ว +12

      I think with the pandemic you've seen most accounting jobs being done remote. Tax accountants move around a bit🙌🏾.

    • @nates2790
      @nates2790 2 ปีที่แล้ว

      Ter E Rucks I realize this is many months later than your OP, but the accountants that I, and many others, use for agriculture are very frequently doing on farm visits. They spend plenty of time in their office, but they definitely spend their fair share of time on the road helping clients. This is just one guy’s personal experience and I wish you the best of luck!

    • @justincote2744
      @justincote2744 2 ปีที่แล้ว

      Auditing requires moving around a bit and consulting also deals with more interaction with clients (most likely via zoom)

    • @Emily_Quinn
      @Emily_Quinn ปีที่แล้ว +2

      IRS Revenue Officer you do a lot of outdoor field work trying to collect taxes from individuals and businesses and your a Civil Enforcement Officer!

  • @dubk7369
    @dubk7369 3 ปีที่แล้ว +71

    🗣 we need mor black accountants.. I’m tired of being the only one in these offices 😂

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  3 ปีที่แล้ว +6

      😂😂😂

    • @g.3067
      @g.3067 2 ปีที่แล้ว +5

      Aye brother I’m a junior in accounting OR. Finance. Imma join you soon haha

    • @mylet2658
      @mylet2658 2 ปีที่แล้ว +2

      @@g.3067 good luck to you bro I agree I want to see more of my friends in accounting the ones I do meet always have been way cool and good people

  • @StopSelfDoubting
    @StopSelfDoubting 2 ปีที่แล้ว +8

    Wilmington University has an integrated course of BS Accounting & Finance. Nice way to learn the best of both worlds.

  • @sophiehanson5559
    @sophiehanson5559 ปีที่แล้ว +16

    Definitely finance. Thanks for helping me!!🎉

    • @balrajsingh7395
      @balrajsingh7395 ปีที่แล้ว +1

      But why ? Why not accounting, i am also interested in finance but why have you chosen this ?

    • @Ṉîġġêr̥125
      @Ṉîġġêr̥125 8 หลายเดือนก่อน

      @@balrajsingh7395 which has more salary someone with an account degree or someone with finance degree

  • @kumekuchaonlinetv
    @kumekuchaonlinetv ปีที่แล้ว +2

    You are the best teacher of business Ever!
    I am from TANZANIA-EAST AFRICA;very interesting!!

  • @IBrickSquadI
    @IBrickSquadI 11 หลายเดือนก่อน +3

    took 1 course of Finance barely passed it but I came out passing with low C.. Accountant Major here

  • @mahamimran5484
    @mahamimran5484 ปีที่แล้ว +9

    I'm doing double major in finance and accounting 🤓

    • @Ṉîġġêr̥125
      @Ṉîġġêr̥125 8 หลายเดือนก่อน

      which has more salary someone with an account degree or someone with finance degree

  • @jboss729
    @jboss729 2 ปีที่แล้ว +26

    I am a therapist with 4 master's degrees but very underpaid. I am going into financial planning soon tho. There are a lot of issues in this counseling field. A lot of jobs dont want to pay you right. They want to work you to death without benefits and 401k and they also get mad when people don't show up to appointments(they get mad because they want to be able to bill so much per week and if the person does not show they get mad). SMH. I am going to get my financial planning certification and thats gone be it for me. I want the next 25 years of my career to be stable.

    • @jboss729
      @jboss729 2 ปีที่แล้ว

      @@dalton6108 lol yep. Im a nerd.

    • @jboss729
      @jboss729 2 ปีที่แล้ว

      @@dalton6108 Huh? Wthell is that? Lol.

    • @dariusthurman8835
      @dariusthurman8835 2 ปีที่แล้ว

      Most therapists are pretty shitty

    • @lolaWWEWWFpunk
      @lolaWWEWWFpunk 2 ปีที่แล้ว +1

      What type of therapist are you? I am soon gonna graduate B.S Psychology (undergrad). I fear that I might not make a lot in my field when I desperately need it.

    • @cliobhabie
      @cliobhabie ปีที่แล้ว

      Exactly why I didn’t go into therapy

  • @esriarc7289
    @esriarc7289 7 หลายเดือนก่อน +2

    best video found on subject, thank you.

  • @Jonathan-gj9mw
    @Jonathan-gj9mw 2 ปีที่แล้ว +5

    Glad I found this channel!

  • @greencrocidile6246
    @greencrocidile6246 3 ปีที่แล้ว +21

    Had some life hits that set me back 2 deaths 22 year old in college I am about to fail a core course for the 3rd time I should of taken a break depressed now. This now means my college major of accounting is going to come to an end so I may switch to finance. It was my senior year but it all came crumbling down

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  3 ปีที่แล้ว +8

      Don't ever give up! I hope life gets back on track for you bro.

    • @greencrocidile6246
      @greencrocidile6246 3 ปีที่แล้ว +5

      @@ElevateToTheUnknown thanks my man I’m going to seek help as I can’t do it on my own

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  3 ปีที่แล้ว +2

      you certainly should brother. Stay up!

    • @chanellegabrielle
      @chanellegabrielle 2 ปีที่แล้ว +1

      Hope you’re doing well now!

    • @alphawavesready6639
      @alphawavesready6639 2 ปีที่แล้ว

      I feel the same as you bro. I'm planning on considering changing my major

  • @Fotospectra24
    @Fotospectra24 7 หลายเดือนก่อน +4

    I’m 35 and planning to go back to school for accounting . I already have an entry level position, but later would love to move up into a higher position.

  • @misterj3133
    @misterj3133 2 ปีที่แล้ว +12

    Which is best? Both!! Accounting for undergrad and finance for graduate school.

    • @J10-f4s
      @J10-f4s 2 ปีที่แล้ว

      Hi can you explain this? What is undergraduate and graduate school?

    • @fs-bn6vm
      @fs-bn6vm 2 ปีที่แล้ว +1

      @@J10-f4s undergraduate is like your bachelors ( 4 years ) graduate school is your masters ( 2 years )

    • @Ṉîġġêr̥125
      @Ṉîġġêr̥125 8 หลายเดือนก่อน

      @@fs-bn6vm which has more salary someone with an account degree or someone with finance degree

  • @kilduce4423
    @kilduce4423 3 ปีที่แล้ว +6

    We need that black heights merch

  • @roce6296
    @roce6296 3 ปีที่แล้ว +9

    I'm torn between finance and accounting?

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  3 ปีที่แล้ว +4

      Both are great majors 🙌🏻

    • @lycanthropic1122
      @lycanthropic1122 2 ปีที่แล้ว +9

      Get your BA in accounting. You'll have a guaranteed 50k salary waiting for you. Then, if you want, pursue a Master's in finance.

    • @shehlakhan8107
      @shehlakhan8107 2 ปีที่แล้ว +4

      @@lycanthropic1122 I think u can more money if u pass the cpa exam

    • @alphawavesready6639
      @alphawavesready6639 2 ปีที่แล้ว

      @@shehlakhan8107 what is a CPA and do u need college for this?

    • @shanicegrande8631
      @shanicegrande8631 2 ปีที่แล้ว

      @@alphawavesready6639 CPA is certified public accounting

  • @zweiwing4435
    @zweiwing4435 3 ปีที่แล้ว +7

    Which Major that have mixing Accounting & programming? Or do I need some Double Major to do that?

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  3 ปีที่แล้ว +1

      Check out my video is double majoring worth it.

    • @zweiwing4435
      @zweiwing4435 3 ปีที่แล้ว

      @@ElevateToTheUnknown & Triple Major?

    • @zweiwing4435
      @zweiwing4435 3 ปีที่แล้ว

      Ok, a Major that have accounting & programming, it is not a Double Major.

  • @sajad4654
    @sajad4654 ปีที่แล้ว +1

    Gmat or gre is for accounting and finance.

  • @bigbrotherinlife1654
    @bigbrotherinlife1654 3 ปีที่แล้ว +8

    Great video I wonder what schools offer dual degrees in both without piling up student loan debt

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  3 ปีที่แล้ว +2

      Good question! None that I can think of meets the requirement of "without piling up student loan debt" 😂

  • @akeemping3054
    @akeemping3054 9 หลายเดือนก่อน +1

    I think becoming a CPA gives you both technically.

  • @VanRock.
    @VanRock. ปีที่แล้ว +4

    I'm 18 and I'm curious how is it do you get both degrees? I'm a student who graduated with 10 cxc subjects but most are science subject which made it hard for me to pursue a career so I'm making a switch to account and finance but need to be pointed in the right direction.

  • @alphawavesready6639
    @alphawavesready6639 2 ปีที่แล้ว +5

    What if economics major and minor in finance?

  • @zoyal2523
    @zoyal2523 4 หลายเดือนก่อน

    Hey Antoine! I'm planning on majoring in accounting but am confused on choosing my minor in MIS or Finance.
    So for MIS the pro can be the technical skills that I can gain which will help me win against the automation in accounting since accounting is getting automated. The con might be that MIS is coding and maths heavy. Is the math more difficult in MIS or Finance?
    As for finance I feel like if I someday would want to work as an investment banker or any other finance roles, I wouldn't be able to do so if I choose MIS as my minor instead of Finance. And can I develop the technical skills that would help me win against the automation by doing some certificates in IT instead of minoring in MIS? I feel like I can later on develop tech skills but can't go back to do a minor in finance. What would be your advice? I would highly appreciate your answer❤

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  4 หลายเดือนก่อน

      you asked the question 4 different times in 4 different videos.

  • @tanyaj.8482
    @tanyaj.8482 2 ปีที่แล้ว +2

    This was good!

  • @Aiden_Muslim
    @Aiden_Muslim 2 ปีที่แล้ว +21

    Hey man, I was wondering which one of the two do you consider more relaxed (less stressful) and also easier to do? Finance or Accounting?

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  2 ปีที่แล้ว +33

      Neither is relaxing. They are both difficult and demanding but that goes with big money.

    • @sylvesterboachie-darquah9950
      @sylvesterboachie-darquah9950 2 ปีที่แล้ว +15

      Both are hard but personally I found finance slightly easier. Accouting feels like learning a new language with some mild math while finance feels like just doing more complex math and applying it to the real world. I'm not good at math either

    • @Aiden_Muslim
      @Aiden_Muslim 2 ปีที่แล้ว +6

      @@sylvesterboachie-darquah9950 Yeah I'm not that good at Math's Easier I'm a C student when it comes to math.

    • @StopSelfDoubting
      @StopSelfDoubting 2 ปีที่แล้ว +1

      @@Aiden_Muslim Same 😢

  • @jonathanchen9587
    @jonathanchen9587 2 ปีที่แล้ว +9

    Do you think it worth double majoring in accounting and finance?

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  2 ปีที่แล้ว +3

      If you can handle it and not sure which one you want to do.

    • @Baldfade_brie
      @Baldfade_brie 2 ปีที่แล้ว

      Yes. That way you can get closer credits to a quick CPA takes 2 years. Then get any finance carts like CFA or another with less school.

  • @AnakinSkywalkerrrop
    @AnakinSkywalkerrrop 11 หลายเดือนก่อน +2

    STEM is anyday better

  • @ceo_airdrop7
    @ceo_airdrop7 ปีที่แล้ว +1

    I'm doin both

  • @soulfulsessionswithsihleen3522
    @soulfulsessionswithsihleen3522 2 ปีที่แล้ว +2

    Hi I have a question, will be I able to study finance and do well in it if I took accounting as subject in high school and struggled with it ?

  • @bluemoon3726
    @bluemoon3726 ปีที่แล้ว +1

    Hi I have question if u choose one of these two after graduate where do you work? In bank or company?

  • @flowerchild7280
    @flowerchild7280 2 ปีที่แล้ว +2

    I appreciate you unc lol new subscriber

  • @mongojrttv
    @mongojrttv ปีที่แล้ว +9

    I'm honestly very interested in both 😥 what degree do I pursue now?

    • @Humannn8ss8
      @Humannn8ss8 ปีที่แล้ว +3

      Accounting is generally more versatile

    • @OnlyAchievingHere
      @OnlyAchievingHere 11 หลายเดือนก่อน

      Conversely, finance is generally better earning potential.
      If you’re interested in both, do a double major.

  • @justrania
    @justrania ปีที่แล้ว +1

    Hello im a senior in highschool and not sure on what I want. Is it hard to land a job in accounting or finance in california? What pays better?

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  ปีที่แล้ว +2

      Its not that hard to find a job in either field. Your job options will be open to the world, not just California. Finance has the higher salaries.

  • @redwolf8135
    @redwolf8135 ปีที่แล้ว +2

    Neither. Economics all day.

  • @gabrielbrewster4806
    @gabrielbrewster4806 ปีที่แล้ว +1

    isn't a 'management accountant' an accountant?
    Management accounting is focused on making decisions for the future.
    These comparison videos (all over youtube) are overly simplistic and misleading IMO

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  ปีที่แล้ว

      Is the comparison between management accounting and accounting or is it between finance and accounting for people deciding on which degree to get?

    • @gabrielbrewster4806
      @gabrielbrewster4806 ปีที่แล้ว

      @@ElevateToTheUnknown
      If the topic is just about which degree to get?
      Then (It seems) students can never know what they will enjoy, until they are already in it and want to switch degrees/ majors/ careers because it's nothing like what they thought it would be.
      I am thinking:-
      1. financial accounting
      2. management accounting
      and
      3. finance should ALL (three) be compared side by side.
      so a distinction between a "Management Accountant" vs "Financial Analyst" could be brought forward, because I can't find these two ideas being compared anywhere.
      But, in all of these comparative videos between Accounting and Finance, the idea that "Finance" focuses on the future whilst "Accounting" focuses on the past is heavily promoted.

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  ปีที่แล้ว

      Please put your reply in Chatgpt and ask it to correct and simplify your response and then edit this comment with what is returned.🤷🏾‍♂️

    • @gabrielbrewster4806
      @gabrielbrewster4806 ปีที่แล้ว

      @@ElevateToTheUnknown I thought my reply was quite simple.

  • @flowerchild7280
    @flowerchild7280 2 ปีที่แล้ว +1

    How can I get 1 on 1 mentoring?

  • @mrty5213
    @mrty5213 3 ปีที่แล้ว +4

    Which has more math?

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  3 ปีที่แล้ว

      They are about just about the same.

    • @vanguard7361
      @vanguard7361 2 ปีที่แล้ว +1

      Finance

    • @hisokaamorou4211
      @hisokaamorou4211 2 ปีที่แล้ว +1

      Finance but accounting is very detailed and lengthy in contrast with finance

  • @alingmarites7237
    @alingmarites7237 2 ปีที่แล้ว +1

    Economics is the best

  • @sissi9100
    @sissi9100 ปีที่แล้ว +1

    I’m an iGCSE student and accounting is one of my subjects and I absolutely love it! However where I live accountants aren’t paid a lot and I’m much likely to get a higher salary in finance, I don’t know what finance is about tho. If it’s similar to economics, I don’t want it. What should I do?

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  ปีที่แล้ว +1

      Become an accountant and move to the places they are paid higher.

    • @OnlyAchievingHere
      @OnlyAchievingHere 11 หลายเดือนก่อน +1

      Accounting has a great mobility potential. Accountants even often move overseas and find new work quite easily.
      Your accounting earning potential is not limited by your current location.

    • @sissi9100
      @sissi9100 11 หลายเดือนก่อน

      @@ElevateToTheUnknown Ohh nice! And I heard that accounting is more for you if you like a more structured work, but it’s also repetitive and I’m afraid that I’ll regret choosing it. I’m also considering marketing, but I don’t know. I still have 2 years to decide so I guess I shouldn’t stress too much about it

  • @twilderlm2559
    @twilderlm2559 2 หลายเดือนก่อน +1

    👍🏾👍🏾

  • @احمدالواقدي-خ6ف
    @احمدالواقدي-خ6ف 3 ปีที่แล้ว +1

    Peace

  • @ODIZZLE
    @ODIZZLE 3 ปีที่แล้ว +1

    Until next time ✌️

  • @almaza5246
    @almaza5246 2 ปีที่แล้ว +1

    👍🏻

  • @J10-f4s
    @J10-f4s 2 ปีที่แล้ว +1

    What does it mean to get a minor in something? What is the difference from a degree?

    • @ElevateToTheUnknown
      @ElevateToTheUnknown  2 ปีที่แล้ว +1

      Well you can't get a minor without having a major so a major is the primary field of study and a minor is the secondary field of study. Do a quick google search and it will explain it.

    • @J10-f4s
      @J10-f4s 2 ปีที่แล้ว

      @@ElevateToTheUnknown Thank you so much for your reply! I now understand. 👌🏼

  • @Techmind009
    @Techmind009 7 หลายเดือนก่อน +1

    ❤❤ 🇵🇰 🇵🇰 🇵🇰 Nice information

  • @lulubayzer5208
    @lulubayzer5208 ปีที่แล้ว +2

    Thank you so much for the explanation I just graduated high school and thinking to enter business school and do finance 🤍✨