Seeking Expert Opinions
I’ve heard that Accounting can be a solid career choice due to its stability—almost every company needs an accountant—and it’s definitely a step up from retail work.
At 32, I’m ready for a change from my retail background, so I have a few questions:
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Is Accounting still a viable career in 2025? If I don’t pursue the CPA and only meet the bare minimum requirements for an Accounting title, will it pay off? I’ve seen discussions about the profession declining, and I worry about investing in a degree that might offer a salary similar to retail.
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How challenging is accounting? Some people liken it to engineering, while others claim it’s just basic math. It seems like the real difficulty comes from memorizing laws and regulations. There seems to be a wide range of difficulty levels, and I’d love some clarity on this—are they really comparable to engineering?
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What about online course prices? I’ve found that in my state, the average online accounting course costs around $10,000, which feels quite affordable. However, I’m concerned that this might not include the CPA.
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How difficult is the CPA exam?
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What’s the typical timeline for becoming an accountant? I’m guessing it’s around 2 years for the bare minimum, but I’ve heard pursuing the CPA could take up to 5 years. Is that accurate?
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Can anyone recommend resources for complete beginners? I’d like to gather some insights on what to expect in the field of accounting.
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What other career paths open up for accountants? I’ve heard that Bookkeeping is a transferable skill. I’m interested in exploring different options without making any missteps.
I appreciate any guidance you can provide. At the very least, I want to know if pursuing this path with minimal requirements is worth it. If I find that I excel, even better!
I understand that CPA accountants tend to earn significantly more than those without it—potentially hitting six figures—while those in entry-level positions might earn around $50K. This would certainly be an improvement over my current situation, which involves physically demanding labor that has taken a toll on my body.
Thank you in advance for your advice; I truly value your expertise!
One response
It’s great that you’re considering a transition into Accounting, especially since you’re looking for a more stable and fulfilling career. Here’s a breakdown of your questions:
Is it worth it still, in 2025 to be an accountant?
Yes, Accounting can still be a viable career choice in 2025 and beyond. While technology is changing the landscape, the need for accountants remains strong, particularly for those who can offer strategic insights and analysis beyond just the numbers. Obtaining a CPA will enhance your prospects and potential earning power, but there are also positions available for those without it, although they may not pay as well.
How hard is Accounting?
Accounting requires a good grasp of basic math and a strong ability to understand and apply various laws and regulations, which can definitely make it challenging. It’s not as complex as engineering, but it does require attention to detail, excellent organizational skills, and a willingness to learn. The difficulty can vary from person to person, but many people find it manageable with dedicated study.
Course costs:
A price of around $10k for an online accounting course does seem reasonable, but be sure to investigate what is included in that price and if it prepares you for the CPA, if you decide to pursue it later.
How hard is the CPA?
The CPA exam is challenging, with a comprehensive and broad range of topics to cover. Many people require several months of dedicated study to pass all four sections. However, with a solid study plan and the right resources, it can be achievable.
Timeline for bare minimum accounting and CPA:
A bachelor’s degree in accounting can typically take about four years to complete, depending on your circumstances (could be shorter with prior credits) and within two years, you might be able to land a job as an entry-level accountant or bookkeeper. To get your CPA, you’d usually need about 150 college credit hours and relevant experience, which can take an additional year or two depending on your path.
Resources for beginners:
Consider looking into introductory courses offered by community colleges or platforms like Coursera or edX. Books like “Accounting Made Simple” can give you a good foundational understanding. Also, engaging with online communities like Reddit’s r/accounting can provide insights and advice from current professionals.
Job possibilities beyond accounting:
With an accounting background, you can explore positions in tax preparation, financial analysis, Audit, financial planning and analysis (FP&A), and even consultancy roles. Bookkeeping is indeed a common entry-level job, and there are also opportunities in compliance and risk management.
Ultimately, if you determine that accounting aligns with your skills and interests, the transition could lead to a more fulfilling and financially rewarding career. Be sure to research thoroughly, speak to current professionals, and consider your career goals as you make your decision. Good luck!