There are various qualification options available if your love of mathematics is influencing your career choice, or if you fancy a job helping businesses to thrive. One of these options is a combined Accounting and Finance degree, rather than specialising in one particular sector while you are at college or university.
There are some people who still confuse the two business disciplines. In a nutshell, accounting is recording and reporting the financial dealings of an organisation or individual. Finance is the business process of planning how an organisation’s assets can be protected, grown and used.
Studying both disciplines together provides you with a broader understanding of the financial life cycle of organisations and gives you an insight into all aspects of business management and growth.
What other advantages are there to doing a combined degree like this?
Accountants are becoming trusted advisors
Modern technology has provided us with the ability to automate many of the more straightforward accounting functions. However, the skills needed to use the financial figures to shape business policies are more in demand than ever before. It is why accountants are moving into becoming “trusted advisors”, not just meeting compliance obligations. They are helping to inform forward-looking companies, using the forensic and predictive analysis of accounts.
Being able to both measure an organisation’s financial health, and develop its financial plans and policies, puts graduates in a great position to begin their career.
Job market wide open – Big advantage of an Accounting and Finance degree
If you are going into your final year degree studies for an Accounting and Finance degree or considering enrolling, your current employment prospects are looking strong.
Many of the big names in the UK financial sector – including PwC, KPMG and Deloitte – seek out the top Accounting and Finance students for their graduate training schemes. If you are on their doorstep at a college in London, this can help you even more, as you can more easily attend recruitment days and gain other relevant exposure.
However, another big advantage of an Accounting and Finance degree is the flexibility it provides. It offers you the skills and insights that are in demand in all levels of the public and private sector, from small local businesses to global companies based overseas.
While you study, you may well benefit from working alongside a more diverse cohort of students too, as this particular degree attracts substantial numbers of overseas applicants. One day, these will be your contacts or even colleagues anywhere in the world that your career takes you.
If this all sounds like an interesting and advantageous route to a career, then contact Mont Rose College in Ilford for more details on our Accounting and Finance degree courses.