Evaluating Accounting for Stability: Is $30/Hour Achievable with a Standard Degree?
I’m a 28-year-old transfer student exploring the possibility of pursuing an Accounting degree. With my current credits, I can graduate a semester earlier than if I were to choose an Economics or finance degree at the same university (both of which align more with my interests). With my first baby on the way, saving time and money is a priority for me.
I’ve noticed a lot of discussions on this subreddit about the Big 4 and obtaining a CPA, but I’m curious if it’s realistic to land a stable job right after graduation with just a standard Accounting degree that pays around $30 an hour. My dad had a successful accounting career, but that was 40 years ago, and I realize the job market has evolved significantly since then. My focus isn’t so much on passion as it is on securing a career that can support my family and allow for long-term growth.
One response
It sounds like you’re making a thoughtful decision considering your circumstances. The Accounting field can offer good stability and decent pay, especially if you’re aiming for around $30/hour right after graduation.
While the Big 4 firms often attract a lot of attention, there are many other opportunities in the Accounting realm that can lead to that wage or higher. Many companies, both large and small, value candidates with a standard Accounting degree, especially if you show strong skills and a willingness to learn. Entry-level accounting positions can vary greatly in pay, but starting salaries often fall within the $45,000 to $60,000 range annually, which translates to about $22 to $30/hour, depending on the region and the company.
Your background as a transfer student with accumulated credits is certainly a plus, and graduating early can help you enter the job market sooner. Additionally, pursuing your CPA after graduation can significantly enhance your job prospects and earning potential down the line.
Ultimately, while the job market has evolved, accounting remains a vital service in continual demand. As long as you’re open to exploring different fields within accounting—such as Audit, tax, and management accounting—you should find a solid path forward. It’s also valuable to network and seek internships while you’re still in school; real-world experience can go a long way in securing a job post-graduation. Balancing your time between studies and preparing for your new arrival can be challenging, but your foresight in considering a stable career is commendable. Good luck with your decision!