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Most job opportunities: accounting, economics, or finance?

BaddyCaddy09BaddyCaddy09 Registered User Posts: 314 Member
edited July 2009 in Business Major
I know that I want to major in business, but I'm not sure what specific category of business. Which one has the most job opportunities?
Post edited by BaddyCaddy09 on

Replies to: Most job opportunities: accounting, economics, or finance?

  • liore123liore123 Registered User Posts: 64 Junior Member
    econ, its the most fluid
  • maxellismaxellis Registered User Posts: 1,172 Senior Member
    I'm going to go with accounting; a lot of jobs that require finance or econ degrees will also accept accounting degrees, but not the other way around.
  • VectorWegaVectorWega Registered User Posts: 1,872 Senior Member
  • openedskittlesopenedskittles Registered User Posts: 954 Member
    Accounting. Maxellis has it exactly right, you need a CPA for a lot of good jobs, and you simply can not get one with an economics or finance degree. However, most jobs economics and finance majors get are also available to accounting majors.

    liore123 notes that economics is the most fluid, and I understand what he/she is saying, but fluidity simply does not bring in job offers as well as something tangible and practical like a CPA.

    Economics majors have a higher average starting salary simply because it is the "business" degree at a lot of top schools like HYPS where there is no business school. Accounting has the lowest starting salary of the three, but that's often because public accounting jobs (what many accounting majors choose to do) are not known for high pay, but rather as a learning experience as well as a gateway to much better jobs.
  • nicksynnicksyn Registered User Posts: 276 Junior Member
    Where does finance fit in this?
  • BaddyCaddy09BaddyCaddy09 Registered User Posts: 314 Member
    So accounting has the most job opportunities, but economics has the highest average starting salary?

    1. Is finance the least beneficial of the three to major in?
    2. So what's better - more job opportunities or having a higher salary out of a 4 year university?
  • maxellismaxellis Registered User Posts: 1,172 Senior Member
    Econ's starting salary is skewed because of Ivy league schools that don't offer business as a degree. Unless you go to HPYS (or similar schools), the starting salary for econ will be about the same as accounting and finance.
  • funployeefunployee Registered User Posts: 795 Member
    Yo Maxellis! Kelley represent! (I'm gonna be a freshman this fall)

    Would you have more job opportunities if you majored in BOTH Accounting and Finance?
  • maxellismaxellis Registered User Posts: 1,172 Senior Member
    There might be a couple more doors open, but a bigger advatnage is that double majoring will give you an edge compared to other people who will be competeing for the same jobs you are.

    Also, as a Kelley student who is thinking about doubling in Finance and Accounting you should consider getting an Economics minor. You are required to take 3 econ classes as a business student, and to earn an econ minor you only need to take 2 more econ classes (one of which can count towards the Finance major). Accounting, Finance, and Economics is a great combination to have for most business jobs.
  • sp1212sp1212 Registered User Posts: 795 Member
    Maxellis says "double majoring will give you an edge compared to other people who will be competing for the same jobs you are"

    No, it will not give you an edge. If you are going into Accounting, firms only care that you have an accounting degree.
  • creamgethamoneycreamgethamoney Registered User Posts: 589 Member
    Sp1212: How would a double major not be helpful at all? Perhaps a double major with finance might seem superfluous, but I don't see how a double major or even a minor in something that complements accounting, such as statisics, economics, MIS/CS, etc could hurt. If I were an employer, I'd take someone with a double major I something like that over just an accounting major. It shows they have a broader skillset and could possibly be better workers. The key is, the double major shouldn't take away from ECs or GPA. As long as that's fine, I don't see how it could hurt or not be a plus at all
  • sp1212sp1212 Registered User Posts: 795 Member
    He said "finance and accounting"
    I should have been more clearer in my post because I was specifically addressing a finance and accounting double major. Other majors/minors can be good with Accounting as well, such as information systems or economics.
  • maxellismaxellis Registered User Posts: 1,172 Senior Member
    Yes, but if you're going into finance, that added accounting degree will look good.
  • sp1212sp1212 Registered User Posts: 795 Member
    lol well most of the accounting majors I know want to get into accounting and NOT finance. So I am not sure about that. But I heard an accounting degree is just as good for a finance job as a finance degree.
  • hmom5hmom5 - Posts: 10,882 Senior Member
    The question is: do you want to be an accountant? People are hired for finance jobs from all sorts of majors. Most of the schools investment banks hire from--and they have many of the most sought after finance jobs-- do not offer finance majors or accounting majors for that matter.

    So consider what career you really want.
This discussion has been closed.