Why People Are Getting Financial Degrees Online

Pursuing a career in finance is one of the best ways of investing in yourself. These are the best financial or accounting degrees that will usher you into a world of opportunity and career options.

Furthermore, accountants are the backbone of businesses so you stand a chance of earning a higher salary. And since there is a growing demand for accountants, you will have no problem securing a job after your graduation.

If you’re considering a degree in accounting, you’ve come to the right place. In this brief article, you’ll learn how earning your accounting degree will help.

Advantages of an Accounting or Financial Degree

An accounting degree will offer you flexibility when it comes to selecting a specific career path. You can work in a local firm, become a self-employed consultant, or even establish your career in the corporate world- your options are endless.

The knowledge and skills gained during your education can help you rise up the ladder and secure top positions in nearly every industry. Here’s a list of the main advantages of getting a bachelor’s in accounting:

Job Security—Accountants are an essential part of most businesses and government organizations. Also, it’s not a profession that’s not going away anytime soon.

Experts project the job prospects for accounting will grow significantly in the coming years. As long as businesses exist and people need help with their taxes, the need for an accountant will always be there.

Increased earning potential – This career will allow you to provide for your family and yourself. In 2017, the annual salary for an account was $63,350. If you become a Certified Public accountant, you can earn up to $80,000 per year. According to reports by Indeed, many specialists within accounting command six-figure salaries.

Growing demand – Although there’s no guarantee that someone will land a job once they’ve graduated with a degree, that’s not the case with accountants because they are in high demand. The Bureau of Labor Statistics projects that the accounting field will grow by 10% over the next decade.

Different Accounting Degree Levels

Your path to becoming an accountant starts with a degree in accounting first. After graduating, then you can legally practice accounting. There are different degree levels accountants can pursue. They include:

Associate’s Degree

This is the quickest way to become an accountant. It’s a 2-year program that you take online or at a community college. In this program, you will learn all the basic accounting skills. Once you’ve graduated with an associate degree, you will qualify for entry-level accounting jobs.

Bachelor’s Degree in Accounting

This option often takes 4 years to complete. When you pursue a BA in Accounting, you will learn the basics of accounting, plus you’ll gain important business, financial, and management skills needed for the different types of accounting.

With a bachelor’s degree in accounting, you can qualify for both entry and mid-level accounting roles at accounting corporations and firms of all kinds.

Master’s Degree in Accounting

After earning a bachelor’s degree, you can advance your accounting education by enrolling for a master’s degree. You can also opt for an MBA with an accounting focus. This program will only take you two years. They will also provide you with in-depth knowledge of areas of accounting and prepare you for the CPA exams.

An Accounting Degree Comes with Flexibility

The flexibility you’ll attain by earning an accounting degree is unparalleled. Therefore, pursuing an accounting career is a great way to keep your future options open.

You don’t have to attend a traditional college to earn your degree, you can enroll in an online program and complete your course work in the comfort of your own home.

You can also choose an accelerated program to finish your degree within a short period. These accelerated programs are also offered online. An online accounting program will allow you to complete your degree at your own pace.

Online Accounting Degrees

Online colleges have completely revolutionized the way we earn a degree today. Although traditional colleges are still functional, not everyone enjoys attending lectures in a crowded room or living in student housing.

Online colleges allow individuals to complete their programs anytime or anywhere. What’s even better, you’ll learn everything associated with the program without facing the constraints of a traditional college degree program.

It’s arguably the most flexible way to pursue an accounting degree. It also flexible and the best way to complete your accounting program within a short time.

If you’ve decided to pursue an accounting degree, research for the best online colleges. Compare 2 to 4 options, then settle with the one that meets all your needs.