Is Accounting and finance even Worth anymore as degree?

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Edmilson96
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Hi my is Edmilson,
I am currently at my last year of A-level, and I was first thinking on studying Accounting and finance at University, but due to a fast changing in the tech industry. Also with many experts saying that Accountants will become come obsolete in 10 years time. I just would like to know if it's is worth it to study accounting and finance as degree?
Thanks and appreciate for all your helps!
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kkboyk
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(Original post by Edmilson96)
Hi my is Edmilson,
I am currently at my last year of A-level, and I was first thinking on studying Accounting and finance at University, but due to a fast changing in the tech industry. Also with many experts saying that Accountants will become come obsolete in 10 years time. I just would like to know if it's is worth it to study accounting and finance as degree?
Thanks and appreciate for all your helps!
Depends, though if I was you I'd take it grain of salt since many people forget that Accountants provide advices and solutions (which is very complex for a computer to do). Also there are many Finance type of jobs you'll be able to switch from Accounting since most finance job do not require a specific subject degree (and don't be under the impression that the only job for those that graduated in Accounting and Finance degree is Accounting).
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mark.s__
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(Original post by Edmilson96)
Hi my is Edmilson,
I am currently at my last year of A-level, and I was first thinking on studying Accounting and finance at University, but due to a fast changing in the tech industry. Also with many experts saying that Accountants will become come obsolete in 10 years time. I just would like to know if it's is worth it to study accounting and finance as degree?
Thanks and appreciate for all your helps!
Accountants will continue to exist, however, the role will change [like any industry]. The mundane tasks of an accountant will probably become automated; however, your role in the future will become more interesting; identifying problems and providing solutions as kkboyk mentioned.

From someone that is doing a degree in Accounting -- Tax Compliance is incredibly complicated (and I'm just referring to UK tax alone). As the world becomes more globalised - knowledgeable tax advisors to assist in tax planning will be in demand.
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Trevish
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Yes it's still worth it.
Doing Accounting & Finance doesn't simply mean that you have to be an accountant. There can be other positions like Auditor, Financial Controller
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Varunjain
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The answer to this is both a yes and a no. Hear me out - If you're talking about finance and accounting from a decade or two, then it wouldn't be as much 'worth' cause with time and technological advancements, some of the concepts would be redundant. But, if you're talking about the recent finance and accounting developments and fintech knowledge and skills, there is no doubt that these are valued and will be valued highly in the current and future market scenario.
Last edited by Varunjain; 1 year ago
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Kittykat7210
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My MIL did an accounting and finance degree, she now earns a fair amount (I don’t know how much but can safely assume it’s more than what my husband and I make combined) and she just does finance in a school!
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csnerd
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this website is pretty cool https://www.replacedbyrobot.info/. its based on a study done by oxford that looks at the chance of particular jobs being automated.

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it says accountants are likely to be automated, but idk how accurate that oxford study is, so i would probs take it with a grain of salt. besides, you can do quite a lot of things with an accounting and finance degree, not necessarily just accounting.
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Lancaster Student Ambassador
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(Original post by Edmilson96)
Hi my is Edmilson,
I am currently at my last year of A-level, and I was first thinking on studying Accounting and finance at University, but due to a fast changing in the tech industry. Also with many experts saying that Accountants will become come obsolete in 10 years time. I just would like to know if it's is worth it to study accounting and finance as degree?
Thanks and appreciate for all your helps!
Hey!

I'm Charlie, one of the Lancaster University student ambassadors on here. I'm currently in my 2nd year of a degree in Finance & Economics; basically, 50% Accounting & Finance modules with 50% Economics modules.

I do agree that tech, and therefore data analysis, is changing at a fast pace. However, I think accountancy will always be a prominent profession. What is key is to make sure you are up-to-date with how to use the software that will most likely be required in the accounting profession in the years to come.

At Lancaster we learn how to use STATA software - we art assessed on the use of the software but the workshops for it are compulsory. Personally, I found them highly useful and it helps to be Abel to tell employers you are already trained and have a basic understanding of some coding languages.

Here is some more information about the Accounting & Finance course at Lancaster: https://www.lancaster.ac.uk/study/un...bsc-hons-n400/

I hope this was helpful! If you have any more questions or queries please do let me know.

Charlie
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Varunjain
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Pursuing such modernized/relevant degrees and courses would definitely bring value to you.
Last edited by Varunjain; 1 year ago
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