Choosing the Right Path in Economics, Accounting, or Finance
This might sound a bit weird, but which one of these three subjects do you LIKE? It's important to choose the subject you enjoy the most because studying something you don't like can be extremely challenging. When you enjoy a subject, it makes learning and tackling complex topics much more manageable. Furthermore, all of these subjects can lead to career opportunities in a variety of industries.
If you are good at Maths, then economics could be the path for you. If you don't enjoy Maths but have a general business aptitude, accounting might be a better fit. And if you excel in both, finance is likely the perfect choice for you.
Look at Alumni Success Stories
One way to help you decide is to look at the success stories of alumni in these fields. If you can identify with someone who has achieved their goals in economics, accounting, or finance, then choose the path that aligns with their story. This can provide you with a clear direction and motivation.
Take Advantage of Coursework
The best approach is to take introductory courses in all three subjects and see which one you enjoy the most. You can also engage in informational interviewing to gain insights into the real-life experiences of professionals in these fields. Ask, 'What exactly do economists do?', 'Where does a degree in finance lead to?', and 'What is the job of an accountant like?'. Understanding the good and bad aspects of each professional path can help you make an informed decision.
A critical point to note is that your study of a subject is often very different from working in that field. While studying requires a deep theoretical understanding, working in the field may involve practical application and problem-solving. Therefore, it's essential to explore each path to see which one aligns best with your skills, interests, and temperament.
Explore Your Options
Most universities and colleges allow you to change your major even after a few years. This means you have the opportunity to take introductory and advanced-level courses in economics, accounting, and finance. You may find that you excel in certain coursework or find particular intricacies of each field exciting. Don't rule out any option too quickly; try them all to see where your passion lies.
For example, if you initially want to study finance, you may find that you need to study basic economics and accounting as well. Specializing in a particular field can provide you with a broader understanding and complement your focus with essential knowledge. A more comprehensive study can help you understand complex processes and make more informed decisions. Don't think of it as a waste of time; lifelong learning can bring you unexpected discoveries and a deeper appreciation for the field you choose.
Conclusion: Embrace Lifelong Learning
No matter which path you choose, remember that your journey in economics, accounting, or finance is just beginning. Trends in finance and accounting will continue to evolve, and there will always be new opportunities for growth and discovery. Embrace lifelong learning and be prepared to adapt and excel in your chosen field.