Evaluating the Viability of Accounting for Stability: Is $30/Hour Attainable with a Standard Degree?
As a 28-year-old transfer student, I’m exploring the idea of pursuing an Accounting degree. With my current credits, I have the opportunity to graduate a semester sooner than if I were to choose either an Economics or finance degree, both of which align more closely with my interests. Given that I have a baby on the way, it’s important for me to save time and money.
I’ve noticed a lot of discussions here about the Big 4 firms and the CPA path, but my question is this: Is it realistic to expect to secure a stable job right after graduation with just a standard Accounting degree that pays around $30 an hour? My father enjoyed a successful accounting career, but that was 40 years ago, and I recognize that the job landscape has shifted significantly since then. At this point in my life, I’m less concerned about job satisfaction and more focused on finding a stable career that will enable me to provide for my growing family and establish long-term security.
One response
It’s great that you’re considering your options carefully, especially with a new baby on the way! Pursuing an Accounting degree can indeed be a solid choice for stability and job security, and the demand for accountants remains strong.
In terms of salary, starting positions for those with a standard Accounting degree can vary based on location, the type of company, and even the candidate’s internships or relevant experience. While $30 an hour translates to about $62,400 per year, which can be realistic for entry-level positions in many regions, it’s important to consider factors such as:
Location: Salaries can differ significantly by region. Larger cities or areas with a high cost of living typically offer higher starting salaries.
Internships: Gaining relevant experience through internships during your studies can boost your employability and potential starting salary. Many firms, even beyond the Big 4, value hands-on experience.
CPA Certification: While you mentioned you’re considering a standard Accounting degree, obtaining a CPA can significantly increase your earning potential and job opportunities over time. Many employers prefer candidates with or who are in the process of getting their CPA.
Industry: Different industries may pay differently. Public accounting often pays well, but industries like non-profit or small businesses might offer lower starting salaries.
Networking and Job Search: Your job placement might also improve through networking and leveraging alumni resources from your school’s accounting program.
Ultimately, if your priority is stability and providing for your family, an accounting degree can be a worthwhile investment. Just keep in mind the potential benefits of pursuing your CPA down the line for better opportunities. Good luck on your journey!