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Is it better to have a degree in finance or accounting if I want to be a financial analyst?

I want to be a financial analyst and I’m curious to know which degree would educate me more.

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Michael’s Answer

Both finance and accounting degrees are valuable for becoming a financial analyst. A finance degree offers broader knowledge of financial markets and investment strategies, while an accounting degree provides a strong foundation in financial reporting and analysis. Choose finance for investment and strategy focus, and accounting for detailed financial statement work. Both can lead to a successful career as a financial analyst.
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Aaron’s Answer

Some universities offer the chance to major in finance and minor in accounting. This could be a great option for you if it's available at your school. If not, a finance degree is a solid choice, unless you're also considering public accounting. It's a good idea to try out an accounting class if you haven't yet, just to see if that interests you more.
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Melanie’s Answer

By pursuing a Finance degree, you'll gain a comprehensive education in various finance sectors, including forecasting, analysis, reporting, and risk management. Although an Accounting degree is valuable, it tends to be more specialized. A Finance degree, on the other hand, typically offers a wider range of career paths and job opportunities. Wishing you success on your journey.
Thank you comment icon Thank you so much for the advice. Ronnie
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Rustin’s Answer

As someone who majored in both (BBA Finance, MS Accounting), I would tell you to start with accounting and then finance if you want a career in corporate finance. A lot of corporate finance concepts don't really click without an accounting foundation. If I had to choose one, I would've done accounting (as I'm now a CPA). As a CPA, you get to write your own career, and the sky truly is the limit. People take you a lot more seriously as a CPA, even when you're relatively new in your career.
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Nikolaos’s Answer

Hi Ronnie,

As additional advice, I would propose considering the CFA program, which is recognized as a prestigious postgraduate program in the field of finance and can enhance your career prospects and provide you with advanced insights into financial analysis. You can definitely research online for more details about it!

Best of luck!

Regards,
Nikolas
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Yuxuan’s Answer

Hi Ronnie,

If you want to do FP&A at work, account is a necessary course to gain basic knowledge. I would recommend finance since it covers broader field than accounting.

Best,
Violet
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Shirley’s Answer

Hi Ronnie,

Both finance and accounting are great career options. I have an accounting background, and I think it's a versatile degree in terms of landing accounting and finance jobs.
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