Seeking Career and Education Guidance
Hello everyone,
I’m reaching out for some straightforward, honest advice from those with experience in the field. I’m currently in a situation that requires clear insight, so I’m grateful for any thoughts you might share.
A bit about me: I’m 23 years old and back in school full-time after transitioning from an outdoor/manual labor job. I made this change to achieve better work-life balance, protect my well-being, and secure higher pay and stability in my career. Now that I’ve returned to school, I’m grappling with a significant decision and would value your advice.
By the end of this semester, I will have completed freshman-level credits (having taken some college courses at 18), and I’m at a crossroads. I’m considering two paths: earning an associate’s degree to quickly enter the workforce or pursuing a full bachelor’s degree (and possibly completing the additional 150 credits to sit for the CPA exam). The latter would extend my time in school, which I’m weighing against my aspirations for financial independence and professional growth.
Here are my main concerns:
1. Time Commitment vs. Income:
– Committing to a bachelor’s degree could mean finishing school around age 27/28, pushing back my career start and eligibility for the CPA.
– Opting for an associate’s could allow me to enter the workforce within a year, but would this limit my career growth and earning potential in the long run?
– Is it practical to pursue an associate’s degree now and return for a bachelor’s (or CPA) later?
– The trade-off is significant—continuing my education means delaying my income, and I want to consider if that’s worth it.
2. Gaining Experience and Earning Money:
– I’d like to find a Bookkeeping or Accounting assistant position, but many listings require an associate’s degree. What can I do now to gain relevant experience without that degree?
– Even though I’m a freshman and haven’t taken Accounting classes yet (starting next semester), is it feasible to convince employers of my potential?
– Internships seem out of reach, as I’m early in my program. What courses should I take before I begin applying?
– How do companies perceive age in the application process? (e.g., the difference between being a 23-25 year-old student and a 27/28 year-old entry-level applicant)
3. Job Hours, Pay, and Work-Life Balance:
– What are the reality of hours like for accountants? Do they really work 60+ hours, and how does that vary between industries and public Accounting?
– Would an associate’s degree provide better work-life balance and opportunities in industry jobs?
4. Value of Education:
– I’m based in Indianapolis and could transfer to Indiana University’s Kelley School of Business for my bachelor’s. Is there a notable difference in employer perception between a degree from a sister school and Kelley?
– Is it difficult to secure a decent entry-level job with just an associate’s degree (excluding Big 4 firms)?
5. Long-Term Considerations:
– I’m also interested in potentially working for the FBI, which requires a bachelor’s degree and several years of experience. If this is a goal, I’d have to consider how this impacts my career timeline.
– I have aspirations of launching a small business or investing in real estate using my accounting knowledge. What challenges have you faced in balancing this with a full-time job?
– What does the future of accounting look like? Is it a stable career path, or are there legitimate concerns?
6. Alternative Paths:
– Should I consider switching gears entirely and pursuing a trade or apprenticeship instead?
I appreciate your time and any insights you may have. Feel free to ask any clarifying questions that could help guide your thoughts. Thank you!
One response
Hi there! It sounds like you’re at an important crossroads in your career journey, and it’s great that you’re seeking advice from those who’ve been in similar situations. Here are some thoughts and suggestions based on your concerns:
Time Commitment vs. Income
Career Pathing: You mentioned wanting to work in Accounting and possibly pursue a CPA. Consider the timeline and what’s most important to you. If a bachelor’s degree and CPA will take you to a higher earning potential in the long run, it might be worth the wait. However, don’t underestimate the potential value of starting with an associate’s degree. Many find value in gaining practical experience sooner, which can be a great motivator and provide clarity on your long-term goals.
Starting with an Associate’s Degree: This could allow you to enter the workforce, gain experience, and even potentially help pay for your bachelor’s later. In the Accounting field, having work experience can often be as valuable as having an extra degree. You can always return to school later and may find that your employer will offer assistance with tuition.
Getting Experience & Making Money Now
Relevant Work without a Degree: Look for entry-level positions that may not strictly require an associate’s. Networking can be key here—reach out to local businesses or your school’s career services for connections or internships that might have more flexible requirements.
Internships: As a freshman, you may want to seek out volunteer opportunities or part-time jobs that allow you to build relevant skills. Consider reaching out to professors or using LinkedIn to connect with professionals who might offer insights or opportunities.
Job Hours, Pay, and Work-Life Balance
Work Hours: The hours you’ve heard about Accounting (especially in busy seasons) can vary significantly between public accounting and private industry. Public firms, especially during tax season, can demand more time. In contrast, corporate accounting can offer more predictable hours.
Work-Life Balance: With an associate’s degree, you may find more manageable work-life balance options in smaller firms or corporate environments compared to larger firms in public accounting.
Education Value
Employer Perception: Yes, some employers value degrees from well-known institutions. However, practical experience can sometimes compensate for this gap. If you’re worried about employability with an associate’s, try to focus on internships or cooperative education opportunities that bolster your resume.
Entry-Level Jobs: With an associate’s degree, you may need to apply more widely and be open to various entry-level roles. Some companies will consider candidates with strong skills and a willingness to learn, even if they don’t meet every qualification listed.
Long-Term Considerations
FBI Career Path: If you’re interested in the FBI, your thinking ahead is wise. This could mean you might want to prioritize your bachelor’s degree sooner rather than later. Each experience you gain in your accounting role can help build your resume for the FBI later on.
Starting a Business/Real Estate: Many accountants successfully manage small businesses or real estate investments alongside their jobs. It requires strong time management but can be a great way to build wealth over time.
Future of Accounting: The field is evolving with technology, but there will always be a need for accountants, especially skilled professionals who understand the nuances of regulation and financial advising.
Alternative Paths
Overall Encouragement
Take a moment to really assess what you want long term. Having discussions with mentors or professionals in various fields can also provide valuable insights. Remember, your career is a journey, and there are many paths to success. Your age is an asset; you