Business Management Vs. Accounting: Which Career Path Is Right for You?
With many similarities between business management and accounting, it can be difficult to choose between the two careers. However, the good news is that the demand for business management and accounting skills is on the rise, meaning that both a business management and an accounting degree can open up a variety of rewarding career options that offer job stability and a good income.
If you are not quite sure which career path is right for you, this article can help you envision what to expect and make an informed decision about your future. Once you familiarize yourself with different career possibilities, the necessary skills you need to master to become an expert in each field, and the benefits that come with each of these degrees, choosing the best option is going to be much easier.
Benefits of an Accounting Degree
If you find yourself detailed oriented, organized, analytical and are looking for a stable career, accounting may be ideal for you. Accountants are always in demand in both the private and public sectors. As the job prospects in accounting are growing, there are many opportunities for professional growth and career advancement. This field has many applications such as merchandise and payroll accounting, cost accounting, depreciation, tax preparation, corporate accounting, and database management applications, among others.
An accounting degree program gives you the foundation for entry into a variety of accounting positions. You will be able to work for accountancy firms, insurance companies, investment banks, real estate agencies, and public sector agencies, to name a few. With an accounting degree, you can move to managerial positions over time. Additionally, if you dream of being your own boss, this career offers the potential to be an independent service provider. You can start your own accounting firm.
For this type of work, you will be entrusted with sensitive financial information, therefore an ability to maintain confidentiality and business ethics will help you advance in this career. If you have great problem solving and communication skills, an eye for detail, and don’t mind working with numbers, chances are that you would be a great accountant.
Benefits of a Business Management Degree
If you are good at multitasking, problem-solving, have great communication skills, and are interested in marketing and have an entrepreneurial spirit, you will find enjoyment in pursuing business management. A business management program can help you learn how to wisely and successfully manage a profitable entity. You will learn essential business skills and gain a comprehensive understanding of all topics relating to business, such as finance, economics, marketing, office procedures, management skills, supervising, and administrating business.
Unlike accounting that has a relatively narrow focus, a business management degree offers you a wider range. A degree in this field is also a great option if you wish to start your own business. You can find work in industries dealing with insurance, banking, local government, health care, and education, for example.
As the global trade expands, a variety of businesses with different products and services continue to emerge. There will be a growing demand for managers to assist in operating entities to deliver new lines of service and products to the consumers. So those with good understanding of how to run a business will always find themselves in demand and will enjoy a rewarding career.
Making a Decision with LA ORT
Choosing between business management and accounting could be a question of your personality and passion, as they both could lead to rewarding careers. At LA ORT, we can help you make the best possible decision for your future. You can talk to our student advisors and gain a better insight into both these programs, which can ultimately help you choose the field that can fit all your needs and career aspirations. Whether you decide to pursue a career in business management or accounting, it is important to know that you have various options for career advancement available, meaning that you really can’t go wrong with either of these programs. To receive professional guidance and learn more about our programs, please contact us today at 1-(800) 998-2678 or visit www.LAORT.edu. We are here for you!