Do I Need to Complete My Accounting Bachelor’s Degree to Advance My Career?
Embarking on a career in accounting often prompts professionals to evaluate their educational background and consider whether further formal education is necessary for advancement. If you’re currently working in the field but pondering whether to complete a degree or to continue gaining practical experience, you’re not alone. This article explores key considerations to help you determine if finishing your bachelor’s in accounting is essential, especially in light of career mobility.
Current Experience and Responsibilities
Take a moment to reflect on your professional role. For example, if you’re engaged in tasks such as managing accounts payable and receivable, performing bank and credit card reconciliations, preparing journal entries, supporting audit processes, and assisting with monthly close procedures, you’re gaining valuable practical skills. Familiarity with Excel and accounting systems further enhances your capability in the field.
This hands-on experience is often highly regarded by employers, as it demonstrates your ability to perform core accounting functions independently. However, the question remains: does formal education in accounting add significant value to your profile, especially if you’re planning to relocate?
The Implication of Geographic Mobility
Relocating to a new state or city can influence your employment options. Different regions may have varying requirements for accounting roles, with some employers placing a higher emphasis on formal education, licenses, or certifications. When considering a move, it’s worth researching the local industry standards and whether they prioritize a completed bachelor’s degree versus practical experience.
Weighing the Advantages of Completing Your Degree
While your current role provides substantial practical knowledge, completing your accounting degree could unlock additional opportunities, such as:
- Qualifying for advanced positions with increased responsibilities.
- Meeting potential licensing or certification prerequisites.
- Improving your competitiveness in a competitive job market.
- Gaining a broader understanding of accounting principles and practices that can bolster your decision-making.
Conversely, the logistical challenges of returning to school—balancing coursework with personal and professional commitments—are also important factors to consider.
Alternatives to Completing a Traditional Degree
In today’s professional landscape, there are multiple pathways to career progression. Certifications like the Certified Public Accountant (CPA) or Certified Management Accountant (CMA) can sometimes supplement practical experience and may even be viewed more favorably in certain roles than a degree alone. Additionally, online courses, part-time programs, or industry-specific training can enhance your expertise without requiring full-time enrollment.
Final Thoughts and Recommendations
Deciding whether to complete your bachelor’s in accounting
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