Opting to graduate with dual major accounting degrees is a smart, time-conscious way to complete two different programs of study at the same time. Earning a dual accounting major provides a pathway to multiple career paths to choose from when a student graduates.
When a student has earned two majors that are not closely related to one another, their skill base is viewed as diversified, which is also preferable. In essence, it expands and enlarges the job pool from which a recent graduate can find the job that is right for them.
Another valuable consideration is as follows: When job searching in a highly competitive economy, accounting graduates with a double major will have earned the edge that just might be needed to land a job.
If a graduate already employed in a competitive marketplace has a dual accounting degree, this is an important way to maintain job security. As logic would dictate, the time required to complete a dual degree often takes a bit longer than the time required to complete a single major degree. However, this additional year of schooling often helps those planning to become a certified public accountant CPA.
CPA candidates typically complete their undergraduate degree in five years. As such, the dual degree path is a great alternative method for students to meet their CPA degree requirements without attending graduate school. Industry feedback suggests that there is a strong demand for accounting majors who graduate with a dual degree related to informational systems or finance.
Many dual major accounting degrees are available — they can be obtained anywhere from Ivy League schools to your local community college. These two majors will complement one another because every business has a digital framework on which it depends. So much so, that many schools are currently, proactively creating a combined major to include both. This is happening because the days of accountants using paper to perform their job is quickly disappearing.
The revolutionary technological advances have redefined the accounting profession, along with every other industry. A dual major such as this will make your educational background competitive for IT auditing jobs, as well as accounting and finance jobs.
Accounting is similar to the field of law in several different ways, and like CIS, the legal field intersects the field of accounting over and over again.
An accounting and law dual major is a great educational background for those interested in working in the field of financial compliance. If a student wishes to attend law school or to eventually sit for the CPA exam , this dual major accounting degree is the perfect set up to do so. The reality is, tax law as a profession is a growing sector of the workplace, a precursor to a strong demand for tax law professionals.
Technology persistently evolves and expands. Otherwise you are wasting your time and will kill your grades if you aren't committed to it. I AP 'ed out of my math reqs in college, but once you get into calc 3, diff eq, linear algebra, and beyond, shit gets haaaard.
I had a bunch of engineering, CS , and pre-med buddies who complained about the math classes as much as orgo. I would make sure you do well in your finance classes relative to your math classes though. The math skills aren't very useful by themselves if you can't apply them. It's much more beneficial for more quant-related roles. Thanks for the responses. By the look of things, it doesn't seem like the benefits of a math major is worth all the effort. However, I'm looking towards a financial math major rather than pure math, which would be considerably lighter in workload.
Would that have any correlation to success in a college math program? My gpa right now is 3. I'm not sure if that should encourage me to try harder courses or the other way around. I'm thinking about pursuing math to potentially try for a HF or top trading position out of undergrad, and maybe it'll help for a getting into a consulting firm? Im going to stay with it and if it get hard meaning it would drop my GPA just minor Im only two classes away from a minor and have done well so far. I won't tell you whether or not you should enrol in the math major.
I will say, however, that the hard work required to succeed in a math major is very front loaded. You need to bust your ass to build as strong a foundation as possible, and once you do, learning the more advanced courses becomes easier. In fact, getting very high grades in math is not that difficult once you have a strong foundation which you can build by excelling in 2 introductory level courses.
Whether or not it's useful for your career, I strongly advocate studying math at least enough for a minor. I know that a math major would be a lot of work, but I also want to learn something a bit more challenging in school than just some basic finance and accounting coursework.
The only thing that worries me is that if i do screw up with this, then my chances for ib or consulting would go down the drain. Zekai: If you think Black Scholes is the basics of basics. Tell me how you derive Black Scholes?
Are you familiar with stochastic process? Brownian motion? Girsanov Theorem? Ito's formula? Feynman Kac? Probably not Black Scholes is deeper than you think. The thing about Math majors: there are ppl who don't study at all and get 'A's, there are people who study all the time and get 'B's.
Sometimes you just get the stuff If you are gonna do it, I recommend you to take easy part of math undergrad course such as combinatorics, number theory, probabilities, stats for the sake of your GPA.
Btw, calculus, linear algebra, or ODE are not really math, since they are not really proof based classes. OP, if you want to do mathematics major than do it! There is this handy thing in life called dropping classes Also, remember some the greatest mathematicians didn't study maths till there mid twenties Euler and Fermat come to mind.
I'm very confident mathematicians that are on Wall Street are still studying maths on there own time. Yeah exagerations are great. Obviously when I say "there are ppl who don't study at all and get 'A's, there are people who study all the time and get 'B's.
Major in what interests you. If you love math, major in math. I started out in engineering and was miserable because there wasn't enough math. Switching to applied math was a great choice. I love having multiple math classes every semester. I really enjoy going to math classes every day. I almost always leave class knowing something I didn't know before. You can't say that for most majors.
But the best thing is having a proof to write and sitting for an hour thinking it through until I figure it out. That's extremely satisfying. After taking elementary analysis, you'll laugh at ever thinking Calc I and II were challenging. I have a degree in both. What I was left with was the ability to learn different approaches to problem solving. On the other hand, I hated things that didn't have any practical usage in my everyday linear algebra, knot theory etc.
Which means you need to have a passion for this, the drive to sit up late at the library going over problems untill you get it. Do you have the drive at 10pm? Math is a bitch, unless you're Asian. Contrary to most believes, college is a place of learning. Make the most of it learning experience , you wont go back. I would beat the living daylight out of my future kids if I found out they were wasting my money in college and majoring in art I'm sure your parents would too.
I've lost all my money, but the wife is still here. Of course there are exceptions like least squares, but then again The math skills you need is addition, subtraction, division and multiplication and mix them up for good measure.
For a while now I have been wanting to broaden my horizons and pick up a double a major. Two areas I was thinking about was Computer Science and Economics two subjects that have I have been highly interested in.
I have taken a year of computer science in high school it was nothing; and I know comp. If not, CS is a tough degree and it gives you a bit of a put against another bank recession. But yes, you have to do the engineering math sequence. Then we had to compile. And the compiler would tell us we had made five spelling mistakes. Now with eclipse, visual studio, and completion lines, you don't have to put up with that BS. You also get to run stuff in debug mode. They've taken out a lot of the drudgery, but you need to think like an engineer or a mathematician more than ever.
I am doing a financial economics and mathematics double major at a non target. I chose this combination because I want to do derivative structuring in the future. Also, coming from a non target, the mathematics really sets me apart from all the economics ba's from targets. You really should be majoring in CS or math if you want a good shot in the quant world.
Do not use CS in high school to compare to university if you want to major in computer science. I think you would be better off in software engineering if you want to code. CS in university is more math than programming in my opinion.
You don't need the double major, this isn't liberal arts. I want to keep this somewhat brief because I'm sure this topic has been beaten to death. I'm currently a freshman at a regional target school in Texas I guess you could call it that. I plan to major in Finance and minor in Geology due to the large chance that I will end up in a career in oil and gas.
My goal is to one day work at a hedge fund or at an Asset Management firm, but I'm aware that that may change as I become more familiar with the field. I'm currently trying to get into a program at my school that would greatly increase my chances of working at a BB investment bank or other jobs of that prestige, for lack of a better word. However, my problem is that this program will require me to double major, and I'm very undecided on what my double major should be.
It allows me to major across colleges so I can essentially double finance with any other major whatsoever. So, what do you guys think would be the best major to take with finance? If you're interested in anything value-oriented eg. Anything quantitative should work fairly well. And if you're lucky enough to have gone to Memorial or Highland Park, just have your dad make a couple calls for you.
There's a lot of Asset Management in Texas as well, so just try to land an internship one Summer before your senior year. Accounting - not so much. Besides, what you learn in school isn't necessarily going to help you at work so I'd go with something quantitative to stand out.
Don't do some something quantitative if it is going to wreck your GPA. It sounds like you are pretty uncertain as to your post college career aspirations - keep your options open by getting solid grades.
Should I focus on Finance or double major in Statistics? Hi all. I'm currently a junior student majoring in Finance, and contemplating whether or not to double major in Statistics. Pros 1. Majoring in Statistics as well may indicate that I have quantitative skills. Double major is better than just having one major. I haven't decided which positions to apply yet. Cons 1. My life in school will be a way tougher because I have to start from the bottom of Statistics 2.
Heard that maintaining high GPA with Statistics is really hard 3. And most importantly, I've heard that knowledge on Statistics learned in the college are not used in the actual job. But apparently, double majoring seems to be better than just majoring in Finance; there are a number of people outside who are sort of the latter.
In other words, I think majoring also in Statistics may make a bit of competitive advantages over the competitors. If you think that double majoring in statistics will lower your GPA then don't do it. With that being said, statistics are boring. If possible, get an internship during the school year. Taking classes and working part-time is more impressive than having 2 majors. I also think it would be more beneficial to spend your extra time taking online Wall Street Prep classes.
They teach real job skills and you can put it on your resume. It doesn't sound like you are actually interested in statistics. Are you even interested in finance? You are still young, and I think a stats major will give you a lot more flexibility down the road if you ever decide to leave the industry. As with many on this forum, I am interested in I-banking after graduation. Any thoughts? Is it worth it to double major I can boost GPA by taking non-business courses?
What value will a double major bring to you? If you pair history with finance that's one thing One thing I am proud of is my single major. I'm a junior at Stern with a finance and economics major so my opinion will be biased. However, I dealt with the same issue as you when I was a freshman for me it was between econ, marketing, and accounting.
Personally, I agree with others that you should pick a major that interests you and for that reason only. I find that if you want it for getting internships, than an accounting major won't be terribly beneficial anyway. Much of the accounting knowledge you'll need can be picked up easily through guides but so can relevant finance info. So just pick something that you'll enjoy. I'm taking economics because of the available classes at both Stern and CAS.
Those classes had awesome names and the ones I've taken have been extremely enjoyable so far. Main lesson: read Ks because they're awesome. There you go, 3 credits worth of knowledge right there. Talking about this makes me regret taking the class If you want to do IB , pick accounting over finance. Almost everything you do for building models entails looking through company financials. The more you know about accounting they better you will be.
I majored in econ and finance and if I had to do it again I would do accounting and econ. Econ is fun and strengthens your thinking and problem solving ability and accounting got you ready for the job.
Keep that GPA up high! Major in something outside of your business program if you can get your adviser to help you arrange the credits. It can be harder to declare a second because of the credit requirements in your own program, but if you have something that you're interested in, that's better for you in the end than pairing a second major that's redundant to finance.
Thanks for the advice guys! Not that hard if you put in the work early. Beat the curve on the early exams and the final won't be a problem. Easy to finish before time. Hey, I'm going to be a freshman next year, and I'm thinking about double majoring in Finance and Computer Science. Is this a good idea? If anyone has any knowledge about this combination who would be willing to share their opinions, that would be great anything from job prospects, to workload, to actual enjoyment of the subjects.
I will be going to a non-ivy top 20 school. Thank you. You could do it with no CS , from a worse school I have been wondering a similar thing. Would a science major help me in finance? If I want to get into vc , should a science major help or will i learn what I need to know on the job?
Nemo, a science major does give you a good quant background, but I'd say computer science is better. To the OP - Check out this thread I made: wallstreetoasis. Engineering degrees are the most versatile degrees and pay off the most. There was a thread on WSO about quants taking over the world.
I'm doing a computer science and finance double degree, and I wouldn't have it any other way. Then again, I work my ass off and the double degree doesn't lower my GPA. A finance major with a CS minor works too.
However, employers don't really take minors seriously. Depending on your desk, trading can range from plain vanilla to super quant. A CS minor will give you adequate skills for most types of trading. However, you don't want to be in a situation where you're limited to plain vanilla because your programming skills aren't up to par, and you have to jealously watch the more mathematical people handle the more exotic stuff.
Me personally, I just double major, work my ass off, take it in and don't complain. The workload is pretty heavy 6 courses a semester. But that's just me. I manage my time pretty well, so I have time for extracurriculars, going out, and exercising.
It's obviously better to double major, but if you're worried about the workload, I would do a minor. It's up to you to consider how much you're willing to work, and your work-life balance. Keep in mind that recruiters like to see kids who "did a double major, worked a campus job, and didn't seem to need any sleep.
Single vs. I am a student at the University of Illinois. I was planning to get a double major in Finance and Accounting. Recently, however, I have been thinking of dropping my Finance major and majoring only in Accounting. To supplement this, I will be taking several 4 or 5 Finance classes and will basically complete all of the requirement of my Finance degree, besides having hours. The reason I want to do this is so that I have time to study abroad.
My question is, will being only an accounting major hurt me at all when applying to banks? I am a sophomore right now so I have another year. How much do people take a double major into account? My friend just got a job with Goldman Sachs and he was an accounting major from u of i.
Double Majoring In Accounting and Finance? Okay, Im currently a Finance major. Recently have had thoughts to become a double major, in Accounting and Finance. Also, versatility in finding a job. Most schools it is not really a double major, just a double concentration within business. My school you only have to take 4 extra classes to get the dual-concentration listed. Either way, you should definitely do it.
Sitting through SA training the other week and now spreading comps all day I would say the accounting concentration is just as if not more relevant than the finance concentration. You will understand how to work around financial statements a lot better. Definitely recommend picking up accounting. Is it even worth having a technical major over a finance major on your diploma? Or does it hurt more than help for Wall Street?
It's not worth getting a significantly lower GPA by taking on a harder major if you know you want to work in finance generally much better to have a 3. A double major in finance and comp sci could be helpful if you want to go into a trading -type role post graduation, if you can keep your GPA up, but for ibanking it's unnecessary. I think it's worth having a technical major if you want to join a specific coverage group or a specific area of ER , i. For investment banking, there are all kinds of majors that break into investment banking, but the most common majors are probably finance and economics.
With regards to technical majors I'm assuming you mean quantitative or hard sciences , I think it doesn't hurt as long as you keep the GPA up. Plenty of engineering majors, math majors, etc. It could also give you more flexibility if you decide to pursue an area other than investment banking.
There are some areas of finance that are very quantitative some types of trading , hedge funds, etc. A finance major with solid but not world-class quant skills would have investment banking open to them, but the door might be closed on the more quantitative areas of finance.
Let me just put it this way: The CS degree implies you can code which in turn implies you should have the mental ability to do financial modeling. I went straight to a buy-side shop out of undergrad and I am pretty sure I got a GPA "allowance" for doing a difficult engineering major.
This double major combination gives insight into all aspects of both disciplines, allowing you to specialize in either field, both of which are vast in terms of career potential.
This combinations will be helpful in procurement, operations, logistics, purchasing, forecasting, and beyond. Economics and finance. Stock market! If any of those get you excited, economics and finance might be a good double major combination. This is a good path for future Wall Street types, with an interest in hedge funds and investment banking. Economics and statistics. Ever heard of Freakonomics? This combo will be helpful for those interested in quant roles such as financial engineering or computational finance.
Economics and global politics. The economics and global politics combo is good for anyone interested in conducting research, or with a knack for macroeconomics. Students who choose this route will become adept in writing, reading, and analyzing — skills that will serve you well if you decide to go to law school, or enter graduate programs in political science, international relations, economics, and even public policy.
Accounting and law. Regulations are an inextricable part of accounting, which is why this double major combination makes dollars and sense. Accounting and finance.
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