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Accounting vs Finance degree

AdrianSalazarAdrianSalazar Registered User Posts: 8 New Member
Im currently a freshmen(High school) and I want to be a CFO when I grow up(obviously that wont happen till I have like 8-16 years of financial business etc....
My life goal is to
Either get: (an accounting degree at the University of Texas - Austin / or a Finance related degree from Wharton- UPenn)
And get and MBA of some sort ( either with a emphasis in Strategy or corporate finance, or maybe even Finance and Economics; Also from UPenn.
My real question is, "If i want to be the most successful CFO and most unique/distinguished CFO, what should I pursue as my education.
I would geuss that I should get a bachelors in science in Corporate Finance from UPenn and also an MBA with distinction in Strategy from UPenn.
Sorry if it's to long! ;)

Replies to: Accounting vs Finance degree

  • AdrianSalazarAdrianSalazar Registered User Posts: 8 New Member
    What would make me the most desirable CFO in all of San Francisco(I Want to live in san francisco)? Also, I want to work at a big company and my real dream life goal is to be the CFO of Google.
  • AdrianSalazarAdrianSalazar Registered User Posts: 8 New Member
    I also want to get a CPA in California( not sure about the requirments though)
  • philbegasphilbegas Registered User Posts: 2,997 Senior Member
    You're a freshman, you should really stop worrying so much. I'd be surprised if you didn't change your mind at least once. Honestly, you could become a CFO with either accounting or finance. But it's going to take many years to work up to being a CFO, so would you rather study/work in accounting (maybe get a CPA) or study/work in finance (maybe get a CFA)?

    Also, I really hope you're not going to spend all of high school fixating on going to Wharton. It's one of the hardest programs in the country to get into, even as a 4.0 perfect student.
  • AdrianSalazarAdrianSalazar Registered User Posts: 8 New Member
    Honestly, Business seems super interesting to me and I really really dont think I will change my mind. I originally did want to become a Neurosurgeon but who in the world really want to go to college for 14-18 years, be crazy in debt, work 15 hour long days, and only be a surgeon for like 10 years. But I really do find the aspect of finance interesting.
  • happy1happy1 Forum Champion Parents, Forum Champion Admissions Posts: 23,388 Forum Champion
    Come back when you are a junior in high school and know your academic stats/standardized test scores etc.
  • prof2dadprof2dad Registered User Posts: 694 Member
    edited January 2017
    I believe Ruth Porat is currently the CFO of Google: https://en.wikipedia.org/wiki/Ruth_Porat. It outlines her education and experience leading to that position.

    Her path surely has proven to be one of the many possible paths to that position. But note that it is definitely not the only one.

    Do good work, be a nice person, and enjoy your high school.
  • AdrianSalazarAdrianSalazar Registered User Posts: 8 New Member
    Well we took PSAT's( Pre-SAT's) and I actually got a 1350/1520 on it. For some reason the PSAT is 1520 unlike the normal SAT which is based off of a 1600 score. Keep in mind that I am a High school freshmen

    And just a FYI; I got in the 95 percentile!
  • AdrianSalazarAdrianSalazar Registered User Posts: 8 New Member
    I find that based off of multiple CFO positions, that they are trying to hint "This field is crazy competitive;You need a CPA and an MBA and a Finance degree, all from an accredited University. Also you need like 5 years accounting business and 10 in a executive position at a Fortune 500 company. Oh, and by the way your "ginormous" pay is $140,000

    Its not even that competitve

    In fact, one site told me that the job outlook WILL ACTUALLY DECREASE by 1%
  • AdrianSalazarAdrianSalazar Registered User Posts: 8 New Member
    So basically they are telling me that Ruth Porat(Highly regarded as one of the best CFO's) STILL ISNT GOOD ENOUGH
  • AdrianSalazarAdrianSalazar Registered User Posts: 8 New Member
    I am still doing research and basically my goal is to become THE MOST DESIRABLE CFO job applicant possible(excluding a Phd)

    I dont know if I should get a bachelors in Finance, Financial Engineering(Financial Mathematics), and etc....

    Also don't know If I should get an MBA in either Corporate Finance or Strategy
  • philbegasphilbegas Registered User Posts: 2,997 Senior Member
    edited January 2017
    You literally have half a decade to think about this, research more
  • happy1happy1 Forum Champion Parents, Forum Champion Admissions Posts: 23,388 Forum Champion
    edited January 2017
    Better yet, instead of researching colleges/careers as a freshman in HS you should immerse yourself in HS life. Do you best in the most rigorous coursework you can, get involved in activities you care about (which can be anything -- business related, community service, in-school clubs) and work towards taking a leadership position down the road, and enjoy being with and doing things with your friends and your family. HS should be enjoyed and appreciated as an experience onto itself and not just seem as as a pathway to college and a career -- it is expected to be a time of academic and personal growth.

    When you get to college, wherever you end up, you will have ample opportunity to take intro level courses in a variety of subjects including accounting and finance if you are in a b-school and you will be able see where you interests and aptitudes lie, you can talk with professors about the fields etc. and decide what path is best for you.

    Again, I'd strongly recommend getting off of CC at this point.
  • UCBUSCalumUCBUSCalum Registered User Posts: 844 Member
    Happy1 and philbegas are correct. It is too early to plan your career with a goal of becoming a CFO of a major company. Do what is suggested above.

    There are many variables and things can change in your path. Even if you are to get a CPA license and/or an MBA from Wharton, you might still come up short.

    I work in a very well known Fortune 150 Company in the SF Bay Area. My company's current CFO has work experience from a Big 4 firm and a CPA license. This person also has a MBA from a top 50 Program (not in the top 20 to 30). Our previous CFO was a partner and a CPA from a Big 4 firm. This person was previously the Controller at my company. Another previous CFO, of my company, was an investment banker from Wall St. who had an Ivy League MBA (not from U. Penn). Further, years ago, some of my former colleagues from the Big 8 (now Big 4) firm, which I worked for, got their CPA licenses and then left the Big 8 to get MBAs from Harvard, Stanford, Univ. of Penn., or University of Chicago. They are not CFOs either by choice or by the way their careers matured to. They are either investment bankers, heads of managing investments for major financial institutions or some other positions. The bottom line is that getting a CPA license (even from a Big 4) and/or getting the MBA from a top 5 MBA school still may not land you a CFO position in a top Fortune 500 company.

This discussion has been closed.