Originally Posted by JAY13
Should I stick with Finance or be better off going Accounting?
I do a lot of hiring where I work and at other organizations I have worked at previously. I work in the Financial Services industry and often deal with potential employess with the accounting vs finance background.
As an undergrad degree, a Finance degree is essentially worthless. With the limited number of courses that constitute a bachelors degree in Finance, you will really not have the depth of study that will make you truly proficient in Finance (from a professional standpoint). If you are going to do Finance, it is best when paired with something else.
Finance can be paired with a minor or double major in the following... Mathematics, Engineering or Accounting. Either of those 3 combinations do a fine job of augmenting the overall course of study. Economics could also be a potential combination. But make sure it is a very "quantitative" Finance and Economics focus.
As my dad would say, "Finance is a bullshit degree". Finance, unless from a top school, is a rather vague degree (as an undergrad). A graduate degree in Finance is a different matter all together. And a top school may still not provide you with sufficient knowledge, but being from a top school would make you attractive to employers (regardless of course of study).
If you want a guarantee of employment... sorry to say but there is no guarantees. However, an undergrad in accounting, is a very solid background. Then you get a job at an accounting firm... get some experience and sit for the CPA exam.
A CPA is by far one of the safest and most respectable jobs that you can have. Particularly with the increased regulation and auditing that companies are going to be subjected to. An accounting degree is a wise choice.
That being said... under no circumstances should you only major in Finance. Either pair Finance with one of the above mentioned disciplines, or switch to Accounting.
Take it from me.... I was an undergrad in Finance. I am trying to prevent you from making the same mistakes that I made. lol