Good or bad idea ? Switching to accounting to get really good at stock investing to be able to do it professionally and so I could eventually do it full time for a living

Is it a smart move to switch to Accounting in order to enhance my stock investing skills and pursue it as a full-time career? My background is in biology, and I initially aimed to become a scientist focused on drug development. However, job opportunities in that field have been limited, so I’m now exploring Accounting. My ultimate goal is to work in hedge funds or investment banking with an emphasis on stock trading. What do you think? Is it too competitive to realistically secure a job in this area? I appreciate any insights you have!

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  1. Making the switch to Accounting with the goal of improving your stock investing skills and potentially working in finance is a strategic idea, especially considering your background. Here are some thoughts to consider:

    1. Transferable Skills: Your background in biology can be an asset in finance, particularly in sectors like biotech or pharmaceuticals. Having a scientific perspective can help you analyze companies in those fields more effectively.

    2. Understanding Finance: Accounting provides a solid foundation for understanding financial statements, valuation, and the overall financial health of companies. This knowledge is crucial for any investing role.

    3. Career Options: Accounting is not only a stepping stone into investment banking or hedge funds, but it also opens up numerous other opportunities. You could pursue roles in corporate finance, financial analysis, or even consulting.

    4. Competitive Landscape: Yes, the finance sector, especially roles in hedge funds and investment banking, can be very competitive. However, with determination, networking, and gaining relevant experience (such as internships), you could position yourself well. Consider obtaining certifications like the CFA (Chartered Financial Analyst) while you’re working in accounting to enhance your qualifications.

    5. Networking: Leverage connections from your accounting studies, and reach out to professionals in the finance industry. Networking is key in this field and can sometimes open doors that qualifications alone cannot.

    6. Commitment and Passion: Make sure your passion for stock investing is strong enough to sustain you through the challenges of a career switch. The finance industry can be demanding, and genuine interest will help you stay motivated.

    7. Explore Financial Education: Alongside your accounting studies, consider taking courses in finance and investment strategies. This will enhance your understanding and make you more attractive to potential employers.

    In summary, switching to accounting with the goal of moving into finance is a reasonable and potentially fruitful path, provided you are committed, proactive, and ready to adapt. Good luck!

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