It’s always difficult choosing a degree, but it’s even harder when the degree you wish to take is within a particular field. There are many questions that may run through your mind when choosing a niche degree, such as, what job will I be able to find after graduation? What if I can’t find a job in my field? Or even, should I pick a broader degree? It’s always best to complete thorough research when choosing any kind of Course, but today’s blog post is all about Accounting, and whether an Accounting Degree is worth it?
What is an Accounting Degree?
A Bachelors in Accounting, although a niche subject area, is completed by many around the UK. It mainly focuses on learning the knowledge of finance, mathematics, statistics, and economics to grow a business. Accounting is a highly specialised subject, and many think that it’s just about numbers and calculating costs, but is about much more than that. It looks specifically at the daily flow of money in and out of a business, keeping an eye on the balance and avoiding any future challenges.
What is like studying an Accounting Degree at Regent College London?
At Regent College London, we offer a BA (Hons) Accountancy with Foundation Year Degree. You’ll learn a lot of business skills on an accounting degree, but it’ll always relate back to money. The Foundation Year of the degree covers skills to help you in the remaining years of your degree, these include, interviewing skills, business in practice and financial and legal skills. During the 3 remaining years of your degree, you will cover a range of modules that will help you become successful in your accounting career, such as Advanced Financial Accounting and Reporting, Advanced Taxation and Investigative Study.
You may need to undertake professional training after your degree, this is if you want to become a chartered accountant. Although it isn’t a requirement for all financial jobs, the accredited recognition of accountancy comes from ACCA, ACA, or CIMA.
Why should I study an Accounting Degree?
An Accounting Degree is a great degree to have on your list of qualifications because it can often lead to a lucrative career. You’ll learn how to manage a company’s money and ensure that it stays afloat throughout the year. The Regent College London accountancy degree with Foundation Year will develop your understanding of accountancy practices, commerce, industry and finance. Accountancy graduates will develop a variety of technical and transferable skills that are sought after by a wide range of business sector employers and organisations.
What are the benefits of taking an Accounting Degree?
If you’re considering studying for an Accounting Degree, it might be worth continuing with this blog post as we’re about to list just a few benefits of taking an Accounting Degree:
- Accountancy Graduate Schemes: There are a great deal of Graduate Schemes available within the Accounting Industry. If accounting is the career you want to pursue then you will have the opportunity to follow a set career path after graduating. You can join an established company as a graduate trainee and follow a structured training programme with straight forward career progression.
- High Demand: Every company needs an accountant to look after the flow of finances, this makes Accountancy an industry with high demand. Companies from all industries require accountants and finance professionals to manage their finances. High demand for accounting and finance graduates means you will have strong job security.
- A Necessity: Even as technology advances and automation increases, accountants will be needed for their critical thinking skills and strategic input. And as every company needs an accountant, Accountancy is a great degree to study!
- High Earning Potential: Graduates that hold a degree in accounting and finance have the potential to earn high-paying salaries depending on the career path they follow. If you choose to become a public or private accountant you can expect to start on a salary of around £18,000. With further experience and the relevant qualifications, you can aim to earn as much as £100,000 a year (National Careers Service).
What can career can I follow with an Accounting Degree?
You may not think it, but Accounting has quite a flexible career path. Graduating from university with an accounting and finance degree will leave you with a variety of career paths to choose from. You could pursue a career as a:
- Chartered Accountant
- Forensic Accountant
- Tax Advisor
- Insurance Brooker
Is it worth studying an Accounting Degree?
The ultimate question, and the answer is all down to you! Is it a career path you want to pursue? We advise doing a great deal of research to make sure you study the degree you truly want to.
What are the requirements to study an Accounting Degree at Regent College London?
To study the BA (Hons) Accountancy Foundation Year Degree at Regent College London, you will need the following requirements.
UCAS points: 48
- Level 3: Any subjects are acceptable
- GCSEs: Five at grade C or above / grade 4 to 9
- IELTS: 5.0 with no less than 4.5 in any band (Non-native speakers)
If you did not study GCSEs / A-Levels and have non-traditional entry qualifications or relevant work experience we will be happy to consider your application. You will be required to attend an interview as part of the admissions process.