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I’m Planning On Majoring In Accounting And Questioning Which Graduate Degree To Obtain?
July
5 ,
2009 Posted by
Vaccountancy In:
Accounting Answer Question
I’m planning on majoring in accounting, or possibly double majoring in accounting and finance. My ultimate goal is to become the CFO of a corporation. Would a double major really be beneficial to my resume? Also, after my undergraduate studies, should I obtain a Masters in accounting, or an MBA? Any information will help. Thank you.
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2 Responses to “I’m Planning On Majoring In Accounting And Questioning Which Graduate Degree To Obtain?”
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July 5th, 2009 at 5:29 pm
In my opinion, an accounting M.A. serves two main purposes: (1) it helps you pass the CPA exam and (2) in some states, it substitutes for the experience requirement to receive the CPA license. In other words, I’ve never heard a great argument for getting one.* I have yet to see a job posting that requires an M.A. You learn the principles in undergrad, so it SEEMS like most of the knowledge acquired in a master’s program would be obsolete after a few years…
I don’t see an MBA as being very useful, either (it doesn’t teach you how to DO anything). A master’s in taxation is really useful if you want to go into tax, but it doesn’t seem like that’s part of your career goal.
A second major in finance is not the way that I’d go; a second major in MIS is, I think, more likely to get you hired at a big 4 firm. Working at one of these firms will probably do more than anything else for your particular career goals.
Also, your accounting profs are the best resource that you have; ask them.
*That is, UNLESS your undergrad program isn’t very good and you want to get an M.A. at a better school, like in one of the top 25-30 programs, in order to increase your chances of getting hired at one of the big 4 firms. These firms don’t recruit at every school.
The Real Deal
July 5th, 2009 at 11:42 pm
I think it’s up to you. After you get your degree and get a job, you will have to get some experience and do a lot of networking. The main thing that recruiters look for in a resume is experience. Having a good education is also important for getting your foot in the door, but experiences sells.
I recommend that you get your degree in Accounting, or Finance or Economics, then get your first job and start building your resume with experience. You can always go back to school for your advanced degree after a few years, or go to school in the evenings.