Those who want a career in economics or accounting may be interested in pursuing a degree in these fields. Both professions require a keen eye for details. Economics involves studying the effects of choice on the production, distribution, and consumption of goods and services. Accounting is the study of how economic knowledge can be applied in various professional decision-making situations. These courses are also highly flexible, enabling students to choose their own schedule.
Students can take an interdisciplinary degree in the Department of Accounting, Finance, and Economics. This program blends these two fields to provide a broader perspective. It also allows students to gain valuable experience that separates them from their competitors. Students who are primarily interested in accounting and finance should choose the Accounting track. Those who want to specialize in economics can focus on the Economics track. Students with a focus on finance and business should consider this program.
Although the two fields are related, there are some significant differences between them. One is centered around managing financial records. The other focuses on using financial data to forecast growth and analyze expenditures. Students in finance will likely be more interested in the financial strategy and the professional processes involved in a company’s decisions. Combined, the two fields provide a unique insight into the financial health of a business. Accounting is a necessary part of any business, but a finance degree may be more relevant to your interests.
The course combines theory and practice to create a balanced approach to economic planning. Students studying the discipline will learn about the economics and financial aspects of various industries. They will also learn about the economics behind the decisions made by governments and businesses. Those pursuing an MBA will also find it useful to work as an accountant, in an industry or as an investor. The courses also equip students with skills to evaluate and apply empirical evidence.
The BSc in Accounting and Finance and Economics degree from the University of Kent includes a compulsory year of industry placement. The placement will last for 44 weeks after the second-year examinations. The purpose of this placement is to increase student employability. The course focuses on the economics of business and the world of finance. Further studies in economics and accounting can lead to a PhD, and there are opportunities in the field of accounting.
While accountants work on financial reports, economists focus on large-scale trends and analyze business activities. Economists analyze economic trends and make recommendations based on economic information. They also study various global issues that affect consumption, production, and distribution. These experts also help businesses plan for the future. In general, the salaries of accountants and economists are similar. They earn a national average of $54,673 and $109,742 respectively.
A degree in finance can open doors to many career options. Finance professionals influence every aspect of life and business. For example, corporate finance officers help companies raise capital to develop new products, while public finance professionals raise money for infrastructure projects. In addition, lending officers assist customers in buying a home or college education. Another common occupation in finance is portfolio manager, which invests retirement funds for millions of people. You can even pursue your interest in this field and get a rewarding career.