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Data analyst vs Accountant - which is better?

Hi guys,

I am not enjoying my job at the moment and i’m not too sure what to try next. I’m currently a data analyst and find it boring so was thinking about training to be an accountant. Long term is this a better career option than as a data analyst?

Any got any suggestions on any other roles that involve problem solving, working with numbers or maths that i may enjoy?

Thanks!
Long term I would say yes, putting in your 3 years at big 4 and becoming chartered can lead to leadership roles in top companies (becoming a finance director, CFO, CEO)

However I'm not sure you wouldn't also find it boring as well, given that data analysis is generally seen as more interesting than accounting

Another alternate approach is, if you're past 3 years of experience, do an MBA then go into finance/management
Original post by boulderingislife
Hi guys,

I am not enjoying my job at the moment and i’m not too sure what to try next. I’m currently a data analyst and find it boring so was thinking about training to be an accountant. Long term is this a better career option than as a data analyst?

Any got any suggestions on any other roles that involve problem solving, working with numbers or maths that i may enjoy?

Thanks!


It depends on how you define 'better career option'.

As far as I know, data analysts move and manipulate data in order for it to be processed. Accounting is somewhat similar in the sense that you're essentially processing numbers (more data entry than anything else) to show to directors. Whilst the accounting qualifications do provide you with extensive knowledge and skills to solve business problems (e.g. CIMA), they typically aren't used that often in practice, and you're more or less default to data entry. You can try to get into business consulting or financial analysis with an accounting qualification, but it's not likely to involve difficult maths, although the impact can be notable e.g. double the revenue of a company in 2 years, In all honesty, the maths that you need to know in accounting is relatively straightforward most of the time (high school level/GCSE level).

If you have done something like A Level maths and that more or less scratches your itch, then you're limited to only a handful of jobs:

Engineering (although I would have very strong doubts about how often you can problem solve with challenging maths in industry)

Actuary

Quantitative analyst (mostly stats though)

Economist (especially in modelling, not so much in econometrics)

Business analysis to an extent, but the difficulty level of maths involved is very low like data analysis

Bioinformatician (more stats than anything, but some areas can involve mathematical modelling)

Teaching maths at college or university

Statician (more stats than anything)

Physicist

Mathematician


If you're looking for a role that involves probelm solving and maths, in most cases I would recommend people to consider engineering. However, if you don't like routine, then you might have a better time in academia, teaching, quant, actuary, or business analsysis. In particular, you might enjoy engineering research, research in mathematical economics, biological mathematics research, physicist, quant, or mathematician. Do note, the pay in academia is very low and it's a long road to get to a senior level role, despite potentially being the most meaningful.

If you can be more specific with what you're looking for, I should be able to help narrow down the options.
Original post by MindMax2000
It depends on how you define 'better career option'.

As far as I know, data analysts move and manipulate data in order for it to be processed. Accounting is somewhat similar in the sense that you're essentially processing numbers (more data entry than anything else) to show to directors. Whilst the accounting qualifications do provide you with extensive knowledge and skills to solve business problems (e.g. CIMA), they typically aren't used that often in practice, and you're more or less default to data entry. You can try to get into business consulting or financial analysis with an accounting qualification, but it's not likely to involve difficult maths, although the impact can be notable e.g. double the revenue of a company in 2 years, In all honesty, the maths that you need to know in accounting is relatively straightforward most of the time (high school level/GCSE level).

If you have done something like A Level maths and that more or less scratches your itch, then you're limited to only a handful of jobs:

Engineering (although I would have very strong doubts about how often you can problem solve with challenging maths in industry)

Actuary

Quantitative analyst (mostly stats though)

Economist (especially in modelling, not so much in econometrics)

Business analysis to an extent, but the difficulty level of maths involved is very low like data analysis

Bioinformatician (more stats than anything, but some areas can involve mathematical modelling)

Teaching maths at college or university

Statician (more stats than anything)

Physicist

Mathematician


If you're looking for a role that involves probelm solving and maths, in most cases I would recommend people to consider engineering. However, if you don't like routine, then you might have a better time in academia, teaching, quant, actuary, or business analsysis. In particular, you might enjoy engineering research, research in mathematical economics, biological mathematics research, physicist, quant, or mathematician. Do note, the pay in academia is very low and it's a long road to get to a senior level role, despite potentially being the most meaningful.

If you can be more specific with what you're looking for, I should be able to help narrow down the options.


Hi Max,

Firstly thanks for the detailed post. It has gave me food for thought. Based on your and the other post, accountancy would not be rewarding either, but might pay better.

My problem is two fold. I have a mh condition and the jobs i have had (all data/data analyst ones) make me ill to the extent I have to quit to preserve some semblance of sanity. For the last 3 years, every job I have been in triggers my anxiety and i end up getting stressed, bored, restless and just end up getting really agitated and ill and quit.

So to answer your question on what job I want, my answer is: one that is low stress, rewarding and mentally stimulating, a role that I feel like I am making a difference and there is always new stuff to learn, and one which is varied. I loathe routine. I have done some contracting in the past and I enjoyed that but it was a fairly non technical role and i’d like to move i to something more technical and coding orientated. Not full on dev but something with coding/problem solving,

Also it would be great if i could do the role remotely too but not necessary if i need to go in for a rewarding role.

Another quantry for me is that I hate offices but the only jobs i’ve had are office roles. I much prefer to be outdoors but can’t think of a role which would allow me to use my brain, challenge me and yet allow me to be out and about at least some of the time.

Thanks!
Original post by boulderingislife
Hi Max,

Firstly thanks for the detailed post. It has gave me food for thought. Based on your and the other post, accountancy would not be rewarding either, but might pay better.

My problem is two fold. I have a mh condition and the jobs i have had (all data/data analyst ones) make me ill to the extent I have to quit to preserve some semblance of sanity. For the last 3 years, every job I have been in triggers my anxiety and i end up getting stressed, bored, restless and just end up getting really agitated and ill and quit.

So to answer your question on what job I want, my answer is: one that is low stress, rewarding and mentally stimulating, a role that I feel like I am making a difference and there is always new stuff to learn, and one which is varied. I loathe routine. I have done some contracting in the past and I enjoyed that but it was a fairly non technical role and i’d like to move i to something more technical and coding orientated. Not full on dev but something with coding/problem solving,

Also it would be great if i could do the role remotely too but not necessary if i need to go in for a rewarding role.

Another quantry for me is that I hate offices but the only jobs i’ve had are office roles. I much prefer to be outdoors but can’t think of a role which would allow me to use my brain, challenge me and yet allow me to be out and about at least some of the time.

Thanks!


You sound like someone I know.

one that is low stress, rewarding and mentally stimulating, a role that I feel like I am making a difference and there is always new stuff to learn, and one which is varied
Oh, that would be the dream. The problem is that these jobs are rare. It should be more commonplace by logic, but there aren't that many that do fit the criteria.
How do you define making a difference? For some people, it's to make an impact to individual people. For others, it's to change the world and work on world problems.

I much prefer to be outdoors but can’t think of a role which would allow me to use my brain, challenge me and yet allow me to be out and about at least some of the time.
Have you considered engineering? In particular civil or structural engineering. It's a major discipline where you would be out and about that involves quite a bit of problem solving. The issue are that it uses a lot of the same methods and there is next to no coding involved. I don't know how challenging that would be for you.
If it's an outdoor role, I would normally think of something along the lines of ecology and conservationism, but there is usually next to no technicality involved (and there's definitely no coding at all). Environmental science is more technical, but hardly something to the level of programming (you can try to create simulations and models of environmental impact though).
Biomedical engineering can be considered a role that involves challenge, learning, varied, making a difference on an individual level, semi-rewarding, and coding is involved. The only problem is that it's not outdoors, but you can be asked to travel from one hospital or unit to another quite a bit.
Climatology, meterology, and oceanography are probably the best fields that I could think of that would be "low stress", rewarding, stimulating, make some sort of difference, where there are new things to learn, varied, challenges people, use coding (if you're building simulations and models) and allow you to be outside for some time (unless someone corrects me). The problem with these fields is that they are hyper competitive.

Personally, I see research being an area to go into. It's an area that I would want to go into myself. However, it's typically not low stress, but it can be rewarding depending on what area you are researching and how it would contribute towards a cause in a certain way.
Reply 5
Original post by boulderingislife
Hi guys,
I am not enjoying my job at the moment and i’m not too sure what to try next. I’m currently a data analyst and find it boring so was thinking about training to be an accountant. Long term is this a better career option than as a data analyst?
Any got any suggestions on any other roles that involve problem solving, working with numbers or maths that i may enjoy?
Thanks!

Hi

you sound somewhat similar to me. I just quit a role as a software developer due to mental health issues brought on by the generally execrable management of the project I was working on. I have to some extent recovered and am now thinking about future careers. Luckily I have no mortgage and a supportive wife. I would love a job where I just turn up, do things I know how to do and leave. I am not sure how realistic that is but I am pretty sure software development isn't for me any more. I am thinking about switching to data science and doing a masters or similar (I have a mathematical degree and 20+ years software dev experience) but when push comes to shove I think it could just be "different tech, same sh*t" and actually IT as a whole is "done" for me. In past roles I did a lot of SQL, SSIS, SSRS etc and enjoyed that a lot more than developing systems but I still struggled with uncertainty, changing requirements, difficult people etc etc

Anyway, to answer your question rather than go on about my situation ;-)

Do you have any practical experience of accountancy or evidence to think it would suit you? I am not an accountant but I know its a lot of study and probably no cakewalk. Its a rewarding job for some people though I am sure. If you have some reason to think accountancy would be a great option for you then maybe it deserves further investigation. I am not going to sit here and say accountancy is boring as I have no experience, but it is probably an area where certainty and doing things to a routine in a certain way is important. You probably have more latitude to do things differently or experiment with different approaches as a data analyst.

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