Why study accounting?
68Pros
1. Professional Qualification
Accounting is a professional qualification which will allow you to work as an accountant once you graduate. Besides being an accountant, the qualification is also useful if you are interested in career in Finance, Operations and Product Control.
2. Stable demand for accountants
Even during the crisis, companies will still need someone to take care of their books and manage the cash flow. Hence, I would consider being an accountant a rather safe job. It is definitely less volatile and less risky compared to working in a bank.
3. Allows you to understand how a company works (financially at least)
By understanding the different financial statements, this will allow you to do what Warren Buffett does best....Fundamental Analysis. You will be able to understand how well the company is doing and will be able to make a more informed decision whether to invest in the company's stocks or not.
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Cons
Besides the advantages of studying accounting, there are really no clear disadvantages of studying accounting. However, the worst thing would be to study accounting because you think it is beneficial but in fact, you do not enjoy it at all.
My advice would be to study what you like as in the long run, passion is more important in a career. Imagine waking up to a job which you do not like! Wouldn't that be horrible?
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collegecareerlife says:
2 months ago
You made some great points. Accountants are always in demand and an accounting degree provides a great foundation for any career in business.