I graduated with a history degree and have had trouble finding a decent job. That was why I enrolled in a masters degree program for accounting. I have completed a semester of accounting classes with good grades. Now I just received a good job offer working for a transportation company. They only required a bachelor's degree and this has me thinking whether I should drop the graduate program or not.
I keep hearing that degrees don't carry much weight anymore. I was only thinking of continuing the accounting masters program just to have it on my resume and to be more employable. But is it worth the extra tuition?
I would be working as a management trainee. I would rise to a manager of an account that pays for our services. Starting salary is 45K which is great for a college grad like me. One downside is that if I really want to rise high in the company, I might have to relocate to another state.
I would take Shieldes advice. If at all possible take the job and continue the masters in accounting. Many if not all masters programs have tracts that can be done while you are working full time. Find out if the new job will reimburse you for higher education.
It sounds like you have on the rose colored glasses about the new job that would have you as a manager of an account. If everything that everyone was told about a job, before they took the job, was true there would be a lot less unsatisfied employees today. You could get fired, laid off or absolutely hate the job and or the people you work with. Don't think only about the job you could have next month. Think about your future. Someone in the graduate program could be a link to a future great job.
With the degree you have much to gain but not much to lose. You will pay the cost of the classes but you have a good chance of making that back in the future.
Accountants seem to have inflated job opportunities locally so it might be worth sticking with. (It is still impossible to get a straight answer out of one even with a cattleprod though.) Between accounting and managing, which do you prefer?
You might want to talk to the Illinois National Guard to see how much of your tuition they will pay. http://www.il.ngb.army.mil/
+1 a Master's in Accounting won't count for much, it's true (pun a secondary effect). But a CPA license will count for a lot.
Your thought process is missing a few points.
I will not assume you are a total slacker who just chose some random master’s degree to keep you at school.
First you said your grades were not good in Accounting. WHY where they not good?
There are two options usually.
One you approached it as a discipline to learn with discipline in your study habits and use teachers hours extensively and just can’t handle Accounting.
Two, you treated it like your undergrad and kind of worked on the classes but really are not interested. As you noted you have an undergrad in History not Accounting.
But in your words why where your grades poor?
Now as to “you don’t need a masters degree”. That is true to a point. Personally know of multiple people well qualified that did not have the paper later in their careers and could not advance and where not allowed for selection by HR. It really sucked, but without that bit of paper, people capped out in there career. It really depends on the life path you are looking for.
Your statement about why are going for the degree reveals you need to switch masters to something you have some passion about. Else you will not have the GPA to land anything.
I said my grades were good. My accounting GPA is currently at 3.75. I've done well in my classes and going to school is something I am good at. I just don't want to go into more student loan debt unless it will be worth it in the long run.
My passion is history, which will lead to nothing. Accounting is alright with me and there are some interesting things about it.
It seems that the general consensus here is to stay with the accounting program while I am working.
Sorry I don't know why I read that as not good.
When I went into college had to passions, history and computers.
I did computer engineering because computers will pay for my history geek, but history will not pay for my computer geek.
I you like Accounting it is a solid career move if you get your CPA licences etc. Your love of history can be indulged on the side. But you have to have some interest. As you said you like some of it, find ways to get more training in those interesting parts.
Long term is it worth the debt? YES if you maintain your GPA. No if you can't find a job, the higher your GPA the better. Also are you at a school that recruits the type of Accountant you wish to be? Go to your career center and ask them, go to the head of the Accounting department and ask them also.
Sorry I miss-read your initial post.
I'd hold with it if you can. It would pay off in the long run (probably). The question I have though is what do you want to do? I see history, then transportation and then accounting. Are you working toward something or just throwing stuff at the wall to see what sticks?
If you are at all interested, about a dozen or so years ago the FBI hired either lawyers, accountants or geniuses exclusively. All others need not have applied back then.
I want to work and earn a salary in which I can support myself. Along with that, I want to feel safe knowing that I will be employable in case of a lay off. That being said, some would say get more education while others will say to get all the work experience you can. If education does pay off, and I am good at going to school, then I will make time for it.
Long run education in a field you can find some joy in and pays well is the best option. I really like my job, some days are hard and boring others are hard and interesting. However it covers the bills and does not lead me fragged (most of the time) at the end of the day. If you find accounting interesting and can find joy in it, do the degree and make a career of it. Don't stop enjoying history but have a life with the resources to enjoy life.
When you are done with the Master's, you will also have 3 - 4 years working experience and a good (hopefully stellar!) reference.
Go to complete the CPA and/or CFP. Huge growth opportunity in the field projected for the future.
Slow and steady wins the race! Your earning potential as a CPA or a CFP will be excellent. The knowledge learned to earn that designation, will be well worth everything it will take to get to that point.
Good luck, Daniel. I'm excited for you.
There is some truth to what people say about degrees, however i believe it to be in the opposite direction.
to get a decent job a bachelors help, to be competitive in a career a masters helps.
you can either look back to these days and say "i started graduate school but..."
or "I completed my graduates program while working at ...."
There is moving trend among CEOs that their background is from the accounting section, CFO types. There is good money in taking care of other peoples money. ALso you may entertain the idea of teaching history at a community college level and this would require a masters degree. just thoughts to roll around.