Bachelor's Degree in Accounting

The most popular form of higher education in the accounting field is the bachelor's degree. There are a few reasons for this trend, the most obvious being that as higher education becomes more accessible, the job market becomes increasingly competitive. Twenty years ago any form of higher education was a guarantee for a well-paying job, but in the modern business world many career fields have raised educational standards, requiring bachelor's degrees for jobs that previously would have required only a certificate or associate's degree.

Degree Basics

At most institutions, a bachelor's in accounting is actually referred to as a bachelor's of science in business with a focus or major in accounting. Not only do students take accounting-related classes, but they also study other areas, such as political science, history, and natural science. This is because bachelor's degree programs are focused on creating well-rounded students who not only possess the technical skills to succeed in their chosen profession, but also possess knowledge from other disciplines that can be of use regardless of their occupation.

Program Cost & Length

On average, it takes four years to complete a bachelor's degree program that requires 120 to 130 semester credit hours. This timeline can increase or decrease depending on the school and the specific situation of the student. For example, a high school graduate with no prior college experience that takes courses full time (usually 12 or more credits per semester, or eight per quarter) will generally earn his or her bachelor's degree in four years. However, if he or she fails multiple classes, or is only a part-time student, it will take longer. Or, if the student has college credits from high school or from previous college attendance, he or she might be able to complete the degree requirements in less time.

As with all higher education in the U.S., the cost of a bachelor's degree tends to vary. One year of full time tuition for an in-state student at a public university can cost from $12,000 to $20,000 per year. Meanwhile, attendance at a private university can cost $20,000 to $45,000 per year.

Employment Outlook

Once completed, a B.S. in accounting will serve as an excellent credential that can lead to a fulfilling career in the accounting field. People with such a degree are qualified to fill a myriad of positions. They can become:

• financial analysts
• corporate controllers
• auditing directors
• financial planners
• partners in accounting firms

Article Resources:

The University of Texas Arlington: Dept. of Accounting
Capella University: Financial Aid
Ball State University: Bachelor of Science in Accounting
Western Governors University: Financial Aid
University of Washington: Credit Definitions