While the overall outlook might not be good for the employment statistics of Pakistan, there is one job that stays constant and businesses and companies in Pakistan and abroad still require more expertise and people in: accounting and finance. Ordinarily seen as one of the most colourless and boring academic and professional disciplines, it isn't necessarily mind-numbing, but what makes up for the lack of excitement is the scope of this degree and job, and just how much can a person be rewarded after a degree in accounting or finance. In this blog post, we will look at the accounting and finance degree offered by Pakistan's best international college, Beaconhouse International College, and how the job skyline is for graduates of this degree.
For the best international degrees in Pakistan, from a wide range of academic disciplines and fields, and for the best possible results for when you transition from academics to the professional life, Beaconhouse International College is your best destination for world-class academics and prospects for excellent professional placement. With Beaconhouse International College as your alma mater, get ready to touch the skies as excellence becomes a part of your life. Now, lets look at the job prospects and employment skyline of accounting and finance degrees in Pakistan.
An accounting degree is a good major for those who want to pursue specialized careers. It involves evaluating a business's financial position from basic bookkeeping to managing balance sheets and income statements. The focus is often on past records and present reports, including their creation and analysis, and extends to planning, controlling, decision-making, stewardship, and accountability. Although a bachelor's degree is suitable for many accounting roles, pursuing postgraduate studies provides specialized expertise. In a typical accounting career path, to become a chartered accountant (CA), you need additional finance qualifications. These can often be gained on the job, sometimes with employer subsidies. Accounting students usually specialize in auditing, tax, risk assessment, international accounting, and forensic accounting, which covers legal cases like fraud. Further specialization through postgraduate degrees at the Master of Research (MRes) or PhD levels is also an option. Whatever education you choose, ensure you include the obtained accounting skills on your resume to showcase your expertise and get a better chance at landing an internship in finance and accounting.
A degree in finance provides a foundation for careers in financial services, business, banking, and consultancy. It involves managing current and future financial figures, predicting growth, assessing resources, and exploring funding options. When comparing a finance vs accounting degree, it's clear that finance emphasizes strategic financial management and forward-looking analysis. A bachelor's degree in finance qualifies you for many finance careers, but postgraduate studies provide advanced knowledge. Finance qualifications, often specific to the country of work, may be required for higher-level positions and can again be earned on the job with employer support. With a degree in finance, you can focus on areas like corporate finance, financial evaluation, behavioral finance, derivatives, and more, with some specializations offered as entire postgraduate courses. Others may be banking, international finance, financial engineering, and financial planning.
For undergraduate programs, you need strong numerical skills and relevant high school qualifications in subjects like math, but no specific work experience. When choosing between accounting vs finance career path, it's important to note that for postgraduate programs, a related undergraduate degree or professional experience is required though strong quantitative and analytical skills can also suffice.
Pursuing a degree in finance opens up a wide array of job opportunities across various industries. But is finance a good major for your future job prospects? Here's a list of 30 potential finance career progression options you can explore with a finance degree.
Many people ask,"Is accounting a good major?"The answer is a resounding yes. A degree in accounting provides a solid foundation for many jobs within the industry. Explore this list of 30 accounting position titles you can pursue along the accountant career path.