Hello! I’m exploring a career in Accounting and would love some insights from those in the field.
With a BBA focused on Accountancy, can I pursue both Accounting and investment banking? I’m eager to try both paths since they’ve always been my dream careers. I’d also like to hear about your experiences—how was the hiring process for you? Is it easy to move up in white-collar jobs, and what’s the situation with bonuses? I know investment banking can be quite intense, but I thrive on hard work. On the other hand, Accounting seems more low-key from what I’ve observed.
If you have any advice on degrees that could help me pursue both careers, I’d really appreciate your thoughts in the comments! Thank you!
One response
Hi there! It’s great to hear that you’re interested in both Accounting and investment banking—both are rewarding career paths but do come with their own unique challenges and experiences.
BBA with a Concentration in Accountancy: Yes, you can definitely pursue both Accounting and investment banking with a BBA in Accountancy. Many individuals start in Accounting roles and then transition to investment banking, although the paths can vary. Investment banking typically values strong analytical and quantitative skills, so having a solid accounting background can be beneficial.
Hiring Process: The hiring process can vary depending on the firm and the specific role. For investment banking, it can be competitive, often requiring internships or relevant practical experience. Networking and preparing for technical interviews are also crucial. In accounting, you may find that it’s more straightforward, particularly if you have an internship experience or can demonstrate proficiency with Accounting Software.
Promotions and Bonuses: Promotions can be common in both fields, but the timelines differ. In accounting, especially in a CPA firm, you can expect a clear pathway to advancement. In investment banking, promotions tend to be faster-paced but often come with more pressure. As for bonuses, investment banking usually offers significant bonuses tied to performance, while accounting bonuses are generally smaller and may be based on annual evaluations.
Stress Levels: You are correct that investment banking can be quite demanding, often involving long hours and tight deadlines. Accounting can be stressful during peak periods (like tax season), but many find it more manageable. Your ability to handle stress will play a key role in your experience in either field.
Degrees: To pursue both careers, your BBA is a solid start. If you want to be a CPA, pursuing a Master’s in Accounting or finance can be a good move for your accounting career. For investment banking, aiming for a finance-focused MBA can be beneficial, especially if you want to advance quickly.
Overall, both fields can offer fulfilling careers, and it’s great that you’re exploring your interests in both. Best of luck as you navigate your path—you’ll learn a lot along the way! If you have any more questions, feel free to ask!