Business Administration vs. Accounting: Which Degree is Right for You?
Posted By Staff Writer on October 25, 2019
Business Administration vs. Accounting: Which Degree Is Right for You?
Pursuing a degree in business is a smart move. As the economy grows and more companies are either founded or continue to expand, hiring managers are looking for smart, well-trained business people who can help their companies succeed.
When looking into a business degree program, there are a lot of options in terms of what areas to study. The choices you make for your education will help determine your future career, particularly your first job after college. It is a good idea, then, to think about your options and to choose a path that best suits your interests and career goals.
A good example of the options you have for your business education is choosing between a general degree, like business administration, vs. accounting, a more focused field of study. Both have their strong points and can lead to excellent careers full of promotions and exciting challenges. So how do you choose between two great options? Let’s take a look at both to give you an idea of what to expect and which one might be a better fit for you.
Why a Business Administration Degree?
A degree in business administration will prepare you for a wide range of jobs in the business world. A solid business administration degree will equip you with the skills you need to function in today’s growing and ever-evolving economy. You will learn all of the core functions of a business and how they apply to various sectors of the economy.
In fact, one of the most appealing things about studying business administration is the exposure you get to a variety of subjects. This helps prepare you for diverse applications of your degree. You could apply your degree to the growing world of tech, finance, retail, or marketing. You could also take your well-rounded degree and apply your skills to starting your own business. Whichever you choose, you will have a solid foundation in the whole picture of a functioning business.
The types of skills you get from a business administration degree program include human resources, marketing, finance, advertising, entrepreneurship, and more. The wide range of areas of study helps you to fit with many different types of companies. The demand for managers of all types is expected to grow by around eight percent over the next several years,1 which is not surprising given how important administrators are to successful businesses.
Why Pursue an Accounting Degree?
Choosing an accounting degree is similar in a lot of ways to business administration but different in one key aspect: When you pursue a degree in accounting, you are being trained for a more specific type of job. Accountants are vital to successful businesses. As an accountant, you will be responsible for some of the most important functions of your company. This includes payroll, budgeting, cost accounting, tax accounting, and auditing. Since these functions are relatively complex, an accounting degree focuses on the specific functions that you will perform on the job.
While a business administrator needs to understand accounting as part of the overall job of managing a business, an accountant needs to know it inside and out to make sure every dollar is accounted for. That is part of the appeal of accounting. You learn to become an expert in an important job.
The importance of accountants is illustrated by the fact that the field is expected to see a 10 percent growth rate through 2026.2 While business administration offers probably a wider range of application, an accounting degree gives you something more specific to shoot for in terms of your career goals and expertise.
Which Is Best for You?
There are many things to think about when making the choice between a degree in business administration vs. accounting. One of the key differences between the two is the general nature of a business administration degree vs. more specific training in accounting. Both have their advantages. With a degree in business administration, you can apply your training to many different industries and many different positions within those industries. You will have an understanding of the core functions of a business so you can apply them on the job.
With a degree in accounting, you get highly specialized training in a key area of business. But don’t let that fool you. You can still have a great career in a wide range of industries. After all, every company needs someone to do the books or manage the money. One great thing about a degree in accounting is that you can narrow your job search upon graduation and focus on the jobs for which you have been trained.
The choice will likely come down to what you want to do. Do you want to specialize in the finance aspect of business management, or do you prefer to also incorporate other areas like marketing and management?
Where to Get Started
No matter which of the two you choose, you want to pursue your degree at a solid institution that will prepare you for a successful career. The instructors at Independence University bring a wealth of real-world experience into the classroom. Learning from them is like on-the-job training that gives you practical ways to apply the concepts you learn in class.
The key to a great business administration or accounting degree is learning how to apply the core concepts taught in the classroom. That is what sets our instructors and Independence University apart. You will not only learn the material you need to get started in a great career, you will also learn how to use your skills in real-world settings. This will help set you apart as you apply for jobs and seek promotions.
Contact Us Today
Get help with your decision between business administration vs. accounting by talking with our team. We have worked with thousands of students in helping them achieve their career goals in business. Request more info about our courses, degree levels, the benefits of choosing Independence University, and the world of possibilities that await you with a degree in business administration—or accounting.