Accounting Degree Vs Finance Degree (Which Is Better?)
ฝัง
- เผยแพร่เมื่อ 2 ธ.ค. 2022
- 🔴 LIVE TH-cam TRAINING TUESDAY: 👉 go.thecontentgrowthengine.com...
✅ FREE TH-cam Course: 👉 www.thecontentgrowthengine.co...
🚀 Apply For 1:1 TH-cam Coaching: 👉 go.thecontentgrowthengine.com...
Free 6 Step Guide To Choosing Your Dream Career:
shanehummus.com
👤 Connect With Me On Other Platforms:
Twitter: / shanehummus
Instagram: / shanehummus
Facebook: / hummus.shane
LinkedIn: / shane-hummus-6bb475165
🎬 Join A Community Of Aspiring TH-camrs: / contentgrowthengine
----------
These videos are for entertainment purposes only and they are just Shane's opinion based off of his own life experience and the research that he's done. Shane is not an attorney, CPA, insurance, or financial advisor and the information presented shall not be construed as tax, legal, insurance, safety or financial advice. If stocks or companies are mentioned, Shane might have an ownership interest in them. Affiliate links may be present, the offers and numbers presented may change over time so please make sure to confirm that the offer is still valid. Some offers mentioned may no longer be available or they have been changed. Please don’t make buying or selling decisions based on Shane’s videos. If you need such advice, please contact the qualified legal or financial professionals, don't just trust the opinion of a stranger on the internet and always make sure to do your own research and enjoy this family friendly content.
Sources and further readings for jobs and college degrees:
bls.gov(bureau of labor statistics)
nces.ed.gov(national center for educational statistics)
payscale(provides information on jobs and degrees)
![อาจารย์ยอด : ลุงแว่วเล่าเรื่องผี [ผี]](http://i.ytimg.com/vi/Fd2Qsy4dqpM/mqdefault.jpg)
![[UNCUT] ฝันรักห้วงนิทรา | EP.8 (4/4)](http://i.ytimg.com/vi/RDYJYiDwsj0/mqdefault.jpg)
🔴 LIVE TH-cam TRAINING TUESDAY: 👉 go.thecontentgrowthengine.com/live-12-04-2022
✅ FREE TH-cam Course: 👉 www.thecontentgrowthengine.com/ultimateyoutubemasterclass
🚀 Apply For 1:1 TH-cam Coaching: 👉 go.thecontentgrowthengine.com/ytcoaching-12-04-2022
Free 6 Step Guide To Choosing Your Dream Career:
shanehummus.com
👤 Connect With Me On Other Platforms:
Twitter: twitter.com/ShaneHummus
Instagram: instagram.com/shanehummus/
Facebook: facebook.com/Hummus.Shane
LinkedIn: www.linkedin.com/in/shane-hummus-6bb475165/
🎬 Join A Community Of Aspiring TH-camrs: facebook.com/groups/contentgrowthengine/
im not the only one here watching shane videos to get the reassurance that our degree is useful lol
Lol yes
Fr 😂
Yuhhh😂😂
Yeaaaaahh
😳😳😳
I started my career in public accounting for a top 15 firm and then a Big4. I remember the CEO of the top 15 firm mentioned that he got his degree in accounting instead of finance because his college advisor told him that you can get a job in finance with an accounting degree, but you can't get an accounting job with a finance degree.
True
This comment is posted on every video and ive heard it just isnt true
@@sahvtftwhat's your take?
It’s not true Im an accountant and I studied finance. I think you can switch with both degrees.
You can switch with both! But it is important to remember you are only CPA eligible with an accounting undergrad. But you could get for example, your CFA with any undergrad
They are both excellent majors. If you go finance, get your CFP license. If you go accounting, get your CPA license. I went the accounting path and I work 30 hours a week during the summer and play lots of golf
One question, do employers really look for CFA licenses.. and does CFA guarantee a Job?
@@seyiadelusi4384 hell no
@@seyiadelusi4384 it can increase your salary potential. Like cpa
May I ask how much you make?
Will I be able to get a job without these tests ? Or you must take it
finance is a lot more of social interaction and building trust with people. accounting is spreadsheets and facts.
This comment alone has skewed my choice to accounting
@@drewg7036lol but seriously take this comment with a grain of salt
Accountant here. If you're really on the fence, go with accounting. Yes, I'm a little biased however, many of my accounting peers transition into finance seamlessly, and in my experience, I've never seen anyone from finance transition into accounting. On top of that, I've never needed help from finance to do my job but I've had to explain how my work affects their work several times.
How much do you make as an Accountant if you don’t mind asking ??
@@sameepthapa95 105 as a senior revenue accountant
@@Westcoaststyling how much hours do you work per week? and what was your entry level job, and hours per week?
@@retroactive6938 Now is the most work life balance I've had in my career at about 37 hrs/week on average. This is my 7th year in accounting, my 1st year I was trying to break in pivoting from a career switch. I worked two part time accounting jobs from 8-12p and 1p-5p, 20 hours each. I also did food delivery on the side so that should tell you how much I was making. I started my 3rd year in public accounting working about 50 hrs/week on average. Transitioned back into private working 40hrs. 5-6 years of experience gave me enough leverage and confidence to interview with a purpose.
@Westcoaststyling did you get a masters degrees? And does it matter where did you study accounting in university?
"One career path you might go down with an accounting degree is becoming an accountant."
Wow, who would've guessed
I'm currently pursuing my MBA with emphasis on Accounting but planning to become a personal finance coach. I'm using the degree to build a nonprofit specifically for single mothers.
That’s wonderful!
Cringe
@@kobebryant8759 just like your life
@@kobebryant8759 you sound miserable my guy
UOL?
Great summary Shane. After an Accounting degree, getting my CPA, and 16 years in controllership. I found one major difference is inside knowledge. Compared to my FP&A counterparts, they come to me to understand the nature of customer agreements, treatment of special items, margin impact, COGS, etc. Put differently, this is just me here, but Accounting set me up to be able to do both my job and theirs, while they would have a very tough time doing my job. It's a slight over simplification, but it's mostly true for experienced accountants.
Great! Thanks for your valuable input, Bill!
Unpopular opinion: If you want to work in either field, it doesn't make a difference.🫤
Accounting is the language of business
When I was in college, accounting was a much more difficult program and you also learned finance as well. There were better opportunities in accounting and I think it’s still true today. There is a National shortage of accountants these days.
This is so true.
I'm not in a fancy ivy league school, but I love the way money works and want to learn more of it. I got an A in my accounting class but I absolutely hated it.
I'd really love to learn alot more about economics but am doing a finance degree. I think it's a love hate thing. I killed it in economics
Accounting not so much. Finance is good. All about the money really.
It's incredible to learn both
Especially cos money makes the world go round and economics is the driver
I looked at the courses in each and they share 90% of the same classes in my university. In Accounting you take an advanced class in accounting, with finance you take the basic accounting class. In finance you take portfolio management instead of the advanced accounting class. People in my country recommended me to get a finance degree so that's what I'm gonna do. I feel like it's gonna be hell early in my career but will later get better. Either way I hope the best for everyone here and myself.
Where am from, accounting is preferred but am gonna get my degree in finance anyway. The drive it's giving me to do what my world sees as sort of as idiosyncratic is amazing
Get a double major
@@jorgeroig2877 I ended up declaring Accounting as my major, looked into double major and did a whole spreadsheet to see the optimal path. Only downside is, I won't be able to take some of the electives I was interested in, in time for graduation.
If you get into an ivy league or other investment banking target school then major in finance. If you are going to a regular state school or non target private school then major in Accounting. Also with accounting you have an actual skill that you can easily use to open your own accounting business and there is no limit to how much money you can make there. If you major in finance from a non target school you can easily end up selling insurance for barely above minimum wage whereas accounting assures a much higher than average income. Also 95% of financial professionals cannot beat the s&p 500 index so if the point is to predict the future of the market then they are overwhelmingly failing.
wow good point.
Accounting majors can get a few extra classes to also get a finance degree and also get prepared for a CPA. It does not work the other way, most accounting classes build on prior knowledge and you need a year or more of classes to get that. Dont do accounting if you hate debits and credits, it will drive you crazy ;-)
This was extreme helpful and satisfying and I got all my questions answered by you so thank you 🙏🏼
Thanks for watching!
Love the videos! I am an accounting major. Your videos have been helpful. Thank you.
What is it like please. I'm yet to major in any of the business courses but I don't know what I should go for between Accounting or Banking and Finance
thank you currently deciding between these two
do a double major. a lot of the core classes will likely overlap anyway, so there’s really only a few courses you’d need to go out of your way to take for each major
I'm 39 LOL and just signed up to do double major for integrated degree of Finance and Accounting
Which school? @@TheKrystolMethod
They both hard and a little bit challenging degree. I did Finance, that is a little bit boring 😅. Thank you, bro
Thank you very much Shane. I started to watch your videos since several months being at a loss at what career I SHOULD pursue, and today I can affirm with certitude that I wanna be a accountant for the flexibilit, the salary and all the others reasons you mentioned in this video.
I major in both! I’ll admit it was in part because accounting is considered safer.
Accounting tracks the money and provides snapshots ( reports ) of what the financial situation is, in a moment in time.
Finance takes those reports and makes predictions, projections, analysis, and decisions about how to manage the money. Finance has more range and flexibility. A person in finance learns how to make wealth, save wealth, and protect wealth in the overall financial system.
Do you want to crunch numbers and generate reports? Or do you want to know how money works and actively participate in generating wealth?
That’s a great way to put it!
I've heard accounting is more flexible than finance cause accountants are often called to do finance work but finance people cannot turn around and do accounting in the same way.
I'm not an accountant but am a software dev that creates accounting features and works directly with accountants. Basically, accounting majors can more easily get finance jobs than finance majors getting accounting jobs.
Why not both?
@@SergioTaz Good luck!
Agreed it’s why I chose the finance major route
I’m still stuck between engineering or accounting 😢 I just like numbers but the coding is what gets me!
Engineering (I know I'm late)
Very informational video!!! Thank you so much
My pleasure. Watch out for more videos.
I’m going to double major in Finance as well as Accounting with investment emphasis
this was extremely helpful. thank you
Happy to help!
Wow this came at a good time. Great video!
As someone with a finance degree, I needed to also get two more majors (cs and math) to actually do something with it. Imo, much of finance is moving to STEM and if you don’t have that background you will be pushed out. Accounting gives you an actual skill that won’t be automated away as quickly as monkeys inputting data into excel to do a simple discounted cash flow model. Additionally, many people on Wall Street have accounting backgrounds, including many investment bankers and other financial professionals.
Accounting is a clear winner imo because of flexibility, more job opportunities, and still being able to break into Wall Street while not worrying if your whole profession will disappear overnight.
If you want to break into Wall Street though, I recommend doing a computer science and statistics double major. Quants are the future of Wall Street and those are the two skills necessary to break into the space. Quants also have more flexibility and imo have a better work culture.
Was your finance degree heavily math based? When I say math I don’t mean adding, subtracting, multiplying and division. Do you guys get math that goes above basic algebra?
Nahh Finance degree is the clear winner. Finance is already math based on its own so you dont really need a STEM minor to get a job. Even minoring in business administration or International business can get you an above average salary.
Dude , a quant is a computer programmer and not a financial analyst . I don't think that just for understanding finance , you have to go through all the course of a computer scientist . The code which is constructed by quants can be used by financial analysts to understand the market but for that you don't have to waste your time to understand the ABCD of that code . You can still utilize all that stuff without going deep into it .
@@ayanpandeydpsn-std9005 calm down a quant can be both. in fact, it is good if a quant has a good understanding of both. I personally believe a lot of new quants will die out with the mentality of ''it's the numbers stupid'' and not grasping the fact that a lot of what happens in the market is human emotion at a macro scale which always affects the numbers. Eventually I will have to dive full time into this world (still learning) and talking to some of the younger people in quant is kinda annoying lol the people giving you the money have a broader view and track record and you should also learn from them.
So you have 3 majors😂
Great video, Shane. I am at the point of making a decision of studying cybersecurity or accounting. I briefly studied both topics briefly and love them both. I was wondering which one has the highest earning income potential.
Cybersecurity right off the bat. You'll make more. Become employable worldwide. But you'll also find the space increasingly more challenging as the learning curve is consistently growing. Accounting is pretty linear.
Finance is unthinkable without a good accounting background. Facts!
Depends what you mean by a good accounting background... If you mean having a high level understanding of financial statements and what the figures mean then yes of course that's needed. If you mean knowing the intricate accounting rules inside out and knowing how to prepare the statements then no you don't need that for finance but of course it's a nice to have. It's also quite dependent on what role you're in, finance is a very broad sector and an accounting background will be more useful for some roles in finance than others
@@petercooke2511 I am in a delema. I have finished BBA in finance and want to go further with a CFA but the problem is I see ACCA and CA as an entry level qualifications for most jobs. My question is should I do the CFA or do I do ACCA.
@@bharatsadhnani4370 Depends what roles you’re looking at … if you’re looking at financial accounting/ audit they’re going to have that as a requirement. Even some PE roles will have ACCA as a requirement but the bottom line is that these jobs will tend to be very accounting heavy so an accounting qualification is more relevant for them than a finance one. I’m not sure what country or what role you’re looking for work in but figure out the exact role you want and decide from there. If you need an accounting qualification for your dream job by all means prioritise that over the CFA. The CFA is targeted more at Equity Research or Portfolio Management type roles.
@@petercooke2511 My main concern was that can a CFA be beneficial without an accounting degree. Thank you for clearing things for me.
what do you think of these two degrees compared to supply chain ?
I always come back to these haha! Your videos help my whole life! Your the best Shane!!
Public Accountants are busy from January-may. Financiers are busy year round. If you want more work-life balance/ personal time to work on your own goals, go accounting
I’m two years through my economics and finance degree and I’m not really enjoying it. I enjoy the finance aspects of it but I find the economics incredibly boring. I’ve done lots of accounting minors already so I’m probably going to switch to an accounting course next year and do my final 2 years of uni. My goal is to start doing some freelance accounting online during my final year of study and use that experience to help write my thesis and help me get a job once I graduate or even start up my own freelance accounting firm.
i would rethink that perception of economics. understanding how businesses and the economy work is very valuable. for example i was an actuarial regulator for a time and economies of scale was a recurring theme because large insurance companies could keep their expenses as a percentage of premium low and this explained the nationwide trend of smaller insurers going out of business. another issue was CPI and how it was constructed, and the U-3 and U-6 unemployment rates, and the difference between systemic and systematic economic volatility. All these things have proven to be conceptually useful to understand what I am doing on the job. Finance is like running the numbers and operating the machine but econ is like understanding how the machine works. You need both.
If you find econ and finance boring , Accounting is the same . Very monotonous
Man I find it the opposite. I don't like finance but I like economics. I am a big history nerd and economics has an affinity with history. You can't understand either of them without understanding the other.
I'm getting the same degree and having the opposite experience, haha. I love the economics part but I doubled in Finance for a little more specialization and it kills me. I took a couple accounting classes and would rather die than major in that, though. I guess everyone has different interest.
Yea another thing about these degrees is that if you DON'T make it to the big time making a bazillion bucks (assuming you have that ambition) then what you will end up doing is working a great job anyway. So you might not make half a million every year at a hedge fund or in private equity but you will make $100k or so as an investment manager or something, and as you gain more and more experience your chances of getting into one of the super lucrative jobs goes up not down so you might at any time break into the huge money if you keep pressing for it. Also you can get a CFA certification after graduating, which will open up the world of finance to you. In accounting you can also become a lead accountant for a major corporation and make piles of cash that way and you can get a CPA which is the accounting analog to the CFA. Here's another option for you: get a bachelor's in accounting and then pick up an MBA with a specialization in finance. In this way with an MBA you also become qualified for management roles in any random corporation. Oh and here's another good option: get a bachelor's in engineering and then pick up an MBA that is a mix of management, accounting, and finance. You'll make piles of money that way because engineering companies are rich and if you have knowledge of engineering AND how to run the business of the company, you'll shoot straight to the top. Lots of great options, kids. STEM is always a winner except S unless S is also combined with TEM.
Umm nobody wants to be in school that long 😅
@@introvertdude99 what are you talking about lots of people do these things. and i'm not suggesting that everybody has to pick up a masters degree i'm just presenting good options. and finally lots of people get the bachelor's and then their employer pays for masters. for example the engineering MBA combo people often get jobs as engineers show promise and employer pays for them to go back get an MBA so that when they are finished a ready-made management job will be waiting for them.
@@marksmith4892 what do you think about a minor in comp sci and major in finance ?
@@introvertdude99 yup that's a good combination. you see, it's all about options. for instance you might find yourself in a finance job that doesn't use comp sci at all but then later you might get a new job that uses both or possibly you'll be offered a comp sci job that isn't even finance but they need coders so bad they'll pay you 100 grand to take it right now. see my point? this is just a personal preference, but if i were in school and young and capable of doing it, I'd go all the way through a masters with every class i took being marketable because let's suppose you walked out of school with statistics, finance, computer science, MBA, accounting, etc. then you will have lifelong access to ALL JOBS everywhere! Talk about career security, and because you'd have so much versatility and expertise, whenever there was an opportunity for career advancement you could take it. You would never have to worry about being laid off or fired and if you were no problem jobs for you would be like low hanging fruit everywhere. You could be employed the very next day and probably get a huge salary bump. I'm a huge proponent of education IF everything you learn is marketable, and I really think Shane does a superb job of giving you very accurate information.
@@marksmith4892 yeah I’m doing finance but planning to move to Japan so was thinking of minoring in that but I have a private tutor for Japanese already so I may take the comp science route or accounting in terms of my minor . But I’m also doing web development atm too so will see where this goes .
What about from an entrepreneurial aspect? I'm curious to know the various ways you could start your own business with either one of these.
I solved this question by majoring in accounting with a minor in finance. Now onwards to a masters in taxation.
Great video ❤
Accounting degree is definitely better than finance but finance is so much more interesting.
Currently in college here for accounting with a minor in finance. Accounting reign supreme
Accounting is better for me! But Both are lucrative and useful.
Double major in both is the best.
I have both a Bachelor and Masters in Accounting. Although finance is also good, I believe accounting gives a broader set of skills. I remember that in College the accounting majors who struggled in their classes switched to finance or Information System.
Lol IS is harder than accounting. Way more critical thinking.
@@DrewHaver Well I minored in IS as an undergrad and I will say that it is tedious but definitely not accounting tedious!
@Drew Haver I did both and now doing my masters in accounting. IS is not that hard in comparison. At least at my college.
Accounting and MIS double major here.
MIS is harder by far since you have to learn how to code multiple programming languages plus learning computer networks, database architecture, systems development, data analytics PLUS accounting, econ and finance.
So. Both degrees are hard but MIS harder no doubt.
@@user-xy2ly4uz6p hey it seems accounting and mis is a good combo as a double major yes? were u able to land a job?
I study international finance and my accounting lecturer said that we get more rigorous accounting training that the students following the accounting course.
Great video
lots of permutations that work well when combining these degrees. For example, a double major is a solid option but if you do this then I recommend getting a bachelor in 1 and a master's in the other because master's degree will unlock more career opportunities over the long run. If you get an accounting degree then I recommend picking up a minor in finance and likewise if you get a finance degree then I recommend picking up an accounting minor. The reason is that in a finance job you will find some accounting knowledge useful and similarly in an accounting job you will find some finance knowledge useful. The reason is that as a general rule the accountants hand off the baton of their work to the finance people so there's always some overlap. Then again there are many finance jobs where they use a ton of accounting because of something called Fundamental Analysis which means that if you want to value a stock then the most granular way of doing that is by opening the accounting books to look at the company "fundamentals". Market perceptions of a company's stock will fluctuate because of investor herd mentality but over the long term the valuation of a stock will return to its fundamentals. See why accounting and finance are like two sides of the same coin? And job titles in these fields are often admixtures of both fields, so the more of both you have the better. You'll have excellent job prospects with these fields.
Shane, pretty important question: since i have seen the video about graduate school, can you tell me if after a computer science degree is worth it, at least before getting a job, to get a master degree to work in Silicon Valley? I don't see many people talking about this and this is a pretty important matter to me.
I might cover that in another Social Media platform and the comments my not be enough to go into details so make sure to follow these.
Visit my Website: shanehummus.com/
FREE 6-Step Guide To Choose Your Dream Career: bit.ly/3JLAEQh
Join My Free Discord: discord.gg/Z2qR8nbnbp
Enroll to my Course: bit.ly/MySchool101
Linkedin: www.linkedin.com/in/shane-humason-6bb475165/
TikTok: www.tiktok.com/@successgps?lang=en
Twitter: twitter.com/ShaneHummus
Instagram: instagram.com/shanehummus/
Switch over from studying Business and Accounting to Finance and so far I’m really enjoying Finance. The course in my particular university has a good mix of economics, accounting, finance topics and math.
Just read every single comment in the comment section, watched the video twice whilst taking notes, and I'm still on the fence. What is your opinion on getting a finance major with an accounting minor or vice versa? Are minors useful?
do urself a favor and get a degree in finance. Portfolio/investment management is really important if you want to make it big. Accounting is great too but like he said, finance looks at the future.
Don’t get a minor statistically they don’t have any affect at all
@@theexpierow8951you can’t time the market and if you need a degree for managing a portfolio you already failed in life
This video is perfect for me
I have one year left of degree in accountancy. I think it depends on ur university's syllabus, but the first semester was all about calculation and as the time goes by, I see less and less calculation. This current semester in particular, has not one calculation lmao I have 7 theory subject can you believe it?! Needless to say, my accounting degree also studies with management accounting which involves a lot of forecasting in stocks as well as the debt management and other stuffs. For those who are about to study accounting, it's not about what should be in debit and credit, its about why they are there. Goodluck!
Any opinions or a possible video on a public health degree or a career in being a Child Life Specialist ?
State school- accounting
Ivy League- finance
I’m a junior in college and double majoring in both for my CPA. Recruiters who come to my college highly suggest getting both degrees.
I work in mergers and acquisitions (mix of the two). Did both. In Houston, TX, accounting degree is more heavily respected BECAUSE it's known as the harder of the two degrees. Finance friends would ask me for help on their classes. Could be different somewhere else.
Also, since it's so normal for accountants to gets master's degrees, I think you would need to compare it to a bachelor's in finance. I understand not a lot of people would agree, but most public accounting companies won't even consider you without a master's. If people see you as a CPA, that normally trumps any business related degree
You don't have to have a master's to sit for the CPA, you just need 150 credit hours, which can be accomplished without being in the MACC program.
@@MichaelOnRockyTop I said that it's normal for them to get a master's, not that it was required for the exam...
@@MichaelOnRockyTop Its true you only need 150 credit hours, but getting a masters out of the bat gives you more accounting knowledge + CPA and it looks better on the CV instead of a double major in undergrad. Although getting a CPA itself is highly valuable, especially now with ever increasing tax complications, regulations and just business structures becoming more complex in general.
i started a business data analytics degree but unfortunatey now idk if i should switch to business with a minor in business data analytics or a bs accouting finance with minor in business data analytics (can get exemptions for acca) can i go for data analytics roles with it ? :/ really didnt wanna switch but ugh
Great video , I’m majoring in both, Finance Major Accounting minor . Your definitely right about the degree being a little difficult but I have 2 semesters left before graduation 🎉🍾
Could i ask you a question, I'm going to college in next fall and planning on majoring in finance and minoring in accounting and I was going to ask you what your goal is?
@@luc5470 hey, yes my original plan is to become Financial analyst or becoming a bookkeeper if I decide to ever open up my own business but, there’s so many options with finance & accounting honestly it’s a great career to pursue and it will be something that’s always in demand.
Do you know if accounting and finance majors and jobs are hard to do and learn?
Will they be a good fit for me if I don’t really like math? And I mean advanced math like calculus or logarithms or trig.
Also, are they a good fit if I am more introverted and prefer slower paced work?
I am attending ASU in the fall for undergrad and majoring in digital marketing and probably minoring in business data analytics. I might most likely change my major or double major in finance or accounting.
@@fxdewyd it really depends but just remember the easiest degrees don’t pay well after graduation. I like finance because I always had a passion for investments. So I say go for something that you can enjoy but will also pay the bills, and to answer the second part the only math I’ve done was basic algebra and statistics and I’m a introvert to . Try taking one accounting class and see how you like to determine if that’s what you want to do
Hey I’m very confused about doing accounting or finance. My English is in average and I’m good at math also I’m not good at writing essays. What do you think will I be able to do one of these degrees ?
I’m a finance major senior and these are my thoughts so far. There’s more money in finance but more work life balance in accounting. Basic accounting is a pre requisite for finance (financial statements). Accounting is more about technically sound and finance is more data analysis. You can get accounting jobs in finance,(ex: myself and most of my finance friends did an internship in audit), but I’m sure its vice versa also. Accounting is for more reserved family people. Finance is for ambitions, I’m gonna do what it takes to be rich, professionals. Both amazing careers!
Which university do you go to?
The challenge of a finance degree
Am up for that
you’re wrong lmao
There is definitely not more work life balance in the Big 4 accounting firms. Maybe corporate or government accounting there is, but not public accounting
I work as an audit assistant I can tell I have no life during busy sessions lmao. Work life balance is a myth and luxury.
Can you make a video where you get out the sausage so to speak and wave it around sum? That would be so lovely
What do you guys think on a degree that has both? SNHU offers a BS in Accounting & Finance…or you think going with just 1 degree and maybe a minor in the other is better?
I’m doing a engineering and commerce double degree. I’ve chosen civil as my engineering major and I’m just debating between finance and accounting for the commerce major.
I liked the video.
I think if your able to crack entrance in top 10 colleges then go for finance degree.
Of else opt for an accounting degree.
And after gaining some experience opt for executive MBA 1yr degree from a 10 top school.
Bacause you'll be doing it parttime and you already have 2-3yrs of experience now getting admission is much easier.
I know it’s different if you’re an insider on the industry but a lot of the information you have on accounting is a little flawed. (1) Salary numbers are not accurate when factoring in those who obtain their CPA or work in PUBLIC accounting at a larger firm. (2) Description of duties and the field is only partially correct. (3) Finance and Acct start at the same starting salary in comparable firms. The problem is that people lump in associates and community college acct major graduates with their statistic
Well, not everyone becomes a CPA or works in Public Accounting But even private accounting work is pretty good nowadays and with hybrid positions.
If you want a chance to work at an investment bank on Wall street, you need an MBA from one of the top business schools or know some people who can give you a shot with a degree from a lesser know school.
We watching this as a finance student👁️👄👁️
Hello. I've been trading for a while know and I want to continue with that. So I wish to ask which degree will suit what I wanna do. Is it finance or accounting or even Business administration
Finance
Hey Shane, awesome video, Could you do something similar with data science degree or business analytics degree vs an Information systems degree?
I might do that in the future. But let me leave you with this for now.
Data Science Career: (Is Becoming A Data Scientist ACTUALLY Worth It?)
th-cam.com/video/O9nf1CqjGzI/w-d-xo.html
Yes please
Shane I would appreciate it if you make a video about mechanical Vs electrical engineering discussing the difference between the two the different jobs you can get with each degree and also about each major's demand and last but definitely not least can a mechanical engineer work on things that an electrical engineer works than the other way around (for instance coding, electronics,energy, electrical components, computer hardware and software etc.)
Let me leave you with this. More engineering videos coming!
Top 10 Highest Paying Engineering Careers (Engineering Jobs Ranked)
th-cam.com/video/4NPYwrXGq7U/w-d-xo.html
@@ShaneHummus Thank you for everything bro, appreciate it 👍🏻
hey bro can you do finance vs business analytics degree? Or just do a video on business analytics degree, please bro, love your content.
Yes please!!! I know it's been 7 months since this comment but I'm doing Busimess administration now specialized in Finance and am thinking to switch over to business analytics. It,xs way harder though.
hello. where did you find that how many people graduated with each degree? Thanks.
its too late I did agriculture and 25yrs old. Accounting sounds fun
Can make video of Finance Vs. Finance Engineer?
Business Intelligence vs Accounting degree?
How is one being over the other in two categories mentioned-a tie?
Im a finance major right now but i’ve been thinking about switching to engineering. It seems like it’s a safer option but idk
why to engineering seems safer option?
@@redwanhossainrisann high demands in future
How much accounting do I need for finance? I can prepare basic financial statements like balance sheet & profit & loss account. If someone was to show me those accounting records, I could probably analyze them. But besides that I am not too good in accounting, should I go for finance? I am good at maths and I don’t mind calculus…
Atleast you're good at maths I'm not even good at maths..
But still wanna choose finance major
Move hands with purpose!
I’d love to find out more about investing in stocks and forex so I’m thinking about Finances but I also have interest in Accounting I’ve done a business academy in High school and actually enjoyed doing accounting so for me it can go either way but learning more towards finance
As a CPA, you also learn alot in investing and asset management, just because we are the ones who come up with the financial reports for the earnings and distribution. Of course the finance types have better forward thinking, but an accountant can go into finance, but the reverse is not necessarily true.
Finance if you go for the CFA if not you wind up selling insurance Accounting is better.
Hi Shane! I am going to get my Associate degree in Accounting this spring. I am looking for an online university to get my bachelor degree. Do you have any suggestions? Thanks
Wgu
ASU and U of Arizona both have great online programs.
@cobrokers1717 wgu is cheaper, faster, and better. They accept the most transfer credits and some people from wgu have been hired at a big 4 firm according to wgu grads
@@SupremeJarJar It may be cheaper and faster but it's definitely not better. I'm not saying WGU is bad, but a fully online school is never going to be better than an actual state school.
could you do finance vs HR?
Accounting > finance.
Either do:
1. Accounting and finance double can be tough. Not for everyone.
2. Accounting with finance minor.
3. Finance with accounting minor.
Hell no. Finance is a better degree than Accounting. Much better pay, better job outlook, and more interesting.
@@h.9089 finance has higher underemployment rate than accounting.
@@h.9089 Finance has better pay if you have good connection.
My bachelors in finance has gotten me no jobs other than “financial planner” which is NOT stable, and is hierarchical and you really don’t make money unless you work over 40 hour weeks… I wish I had gotten accounting degree in regards to business but if I could do college all over again I’d definitely go IT.
i started a business data analytics degree but unfortunatey now idk if i should switch to business with a minor in business data analytics or a bs accouting finance with minor in business data analytics (can get exemptions for acca) can i go for data analytics roles with it ? :/ really didnt wanna switch but ugh
To be fair, the job market for finance majors rn is tough. I’m in the same boat you’re in, but I don’t regret my major. I believe it’ll pay off better than accounting
@@spacemans4060i am confused which one should i take
Anyone I’ve known in finance makes way more than me (accountant). I didn’t pursue my CPA but seems like finance makes a ton more for not pursuing their designation as a CFA
Which double major is best:
Econ and Stats
Econ and Business
Econ and Math
Business and Math
Business and Stats
Chat me up
Let's talk
You might want to watch these videos.
The BEST Double Majors For MATH Degrees
th-cam.com/video/IUlBmOndBbA/w-d-xo.html
The BEST DOUBLE Majors For BUSINESS Degrees
th-cam.com/video/geN_rlMm-e0/w-d-xo.html
Most billionaire have degree in finance
There are very less people who have accounting degree and are billionaire
You can become investment banker or venture capitalist with finance degree and u can also start your own buisness . U know how to raise funds and investments
But with accounting degree you can't start a buisness
If you don’t get a big 4 Audit job out of college an accountant degree won’t land you a reliable staff accountant job. You’ll end up being a sales man accountant degree or finance degree where you’ll need your peoples skills to make money
Neither when a manager at walmart earns the same and gets to go home to their family.
Hi, as a financial analyst you must have atleast a basic accounting knowledge. Its impossible to do financial analysis and not atleast have to do something with accounting.
Accounting degree + CPA + CMA and you're good to got for any role you want in both industries.
Can get a cpa with a finance degree
hi i am stil at school and i have 1 month to graduate and i would like to know if my fvorite subject is math then would entering finance be better for me ? because i already applied to the college as accounting i would like wo know more about finance
Hi!
You can watch these videos:
Is Finance A Good Major?
th-cam.com/video/zwKrd76eWeM/w-d-xo.html
Here’s Why An Accounting Degree is Worth It
th-cam.com/video/06DH-8QM6D0/w-d-xo.html
Not true that accounting always 'looks backward' - tax planning is an important part of accounting.
In short, it you don't plan to join top investment banks, they are the same.
Is a double degree with both equal to them individually?
I go to a Top 10 business school, should I major in Business-Finance? Or Accounting. It's a target school for finance,Accounting, and consulting, but the accounting degree is longer than Business-Finance, and I will graduate a semester late if I major in accounting than the other way around.
Accounting is the language of business, it will teach you the best skills
As an accountant I do not agree with this simplistic take that accounting = past and finance = future.
Accountants do both. We report information from the past, but we use that information to strategise for the future. Budgeting is a classic example of this
Finance degree is a much better degree than Accounting. Much better return on investment, best for A type personalities, better pay, and better job outlook overall.
Unless you like working in sales a finance degree is a big risk. Getting an analyst job is very competitive and most of those jobs are taken by accounting majors over finance majors
@@GingaNingah Finance degree is a risk to a small degree. The average Finance job makes more than the average Accounting job and theres more Finance jobs then there are Accounting jobs, so it really isnt that big of a risk.
@@GingaNingah Most analyst jobs are taken by Finance majors and Data analysts, not accounting majors. Most analysts work with with data and thats what Finance majors work with for the most part.
@@h.9089 Yes most analyst work with past data that they get from the accounting department. It usually goes that accounting majors can do finance but finance majors can’t do accounting. Also there’s really only two business degrees that are actually worth it: accounting(if you become a CPA) or MIS. Finance is a worthless degree. It’s the same as marketing where when you graduate you’ll be in a oversaturated field with too many other candidates. If you have somebody that you can get you a job after you get out then maybe but otherwise no. There will always be more accounting jobs than finance. Also most of finance is becoming automated now with index investing and robo-advising. It’s also telling that even the people with phd’s in finance can’t beat out the S&P.
@@GingaNingah "past data that they get from the accounting department"
Yeah then they structure, organize, clean, and analyze the data after. Which accountants dont know how to do. If you think Finance degree is a useless degree then you need to re-evaulate yourself. They have a better job out look than Accounting. Finance graduates are less likely to be replaced by machines than accounting. Finace graduates make more millionaites and billionaires than accounting graduates. This video even stated that. Watch the video again.
I didn’t do accounting in high school. Some people are saying you need some foundational accounting skills to learn finance. If this is true does that mean I should do accounting?
I have an econ degree. I'm on the fence of doing an MBA with accounting emphasis or MIS. I see the demand in MIS being so high.
hey buddy i struggle with the same problem. do you already know what to do?
@@moinmoin8612 Haven't decided. Grad school is so expensive. I'm looking at various online Masters Info Systems. U of Arizona, U of Washington, and WGU. But MS in accounting is also an option.
No mention of the CPA…..lol,
I want to get into FP&A with the intention of becoming a CFO or Director of finance managing the financial of a company. Is the CPA or MBA in Finance more relevant? I'm from engineering background.
MBA if looking to become cfo
@@hypergamous4704 many thanks for replying