Accounting and finance look at money, business, and how to run things. Accounting is about analyzing information about different parts of a business, while finance is only about a business’s money.
What Accounting & Finance Degrees Can You Study?
Financial and accounting Economics, business, and languages are frequently combined in bachelor’s degrees, which might be single or joint honours degrees:
- Accounting & Finance BA
- Accounting with Spanish BSc
- Actuarial Science and Risk Management BSc
- Finance and Mathematics BSc
- Banking & Finance BSc
- Accounting and Finance MAccFin
Degrees may include a foundation year or master’s program, or they may let you study faster. You could do a year of work experience or study abroad. There are start dates in January.
What Do You Need to Get Into an Accounting & Finance Degree?
- A Levels: A*AA–CCD
- BTECs: DDD–MMP
- Scottish Highers: AAABB–BBBB (Advanced Highers: AAA–BBB)
- International Baccalaureate: 37–28
- Universities usually want you to have a good grasp of math or a related subject at the A Level or similar level, and at least at the GCSE level.
Good to have
- Work experience in a place like an accounting firm, bank, or shadowing a financial advisor are all good options.
- Math competitions, online courses, and problem-solving sites can help you get better at math.
- Knowledge of current events from media like BBC Business News, the Guardian, Financial Times, or The Economist
- Checking the websites of professional bodies for educational or career resources, such as the Institute of Mathematics and its Applications’ Maths Careers site (IMA)
- If you are eligible, go to a Sutton Trust or UNIQ STEM summer camp.
What Topics Does an Accounting & Finance Degree Cover?
Typical training modules for this topic include:
- Actuarial insurance
- Contemporary issues in accounting
- Credit and financial analytics
- Ethics in finance and accounting
- Financial mathematics for actuarial science
- Introduction to corporate and business law
- Management Accounting
- Mathematics and statistics for economics and business
- Micro and macroeconomics for accounting
How Are You Going to Be Judged?
A combination of the following methods may be used to conduct assessments, depending on the module:
- Group assignments
Why Study Accounting & Finance?
- understanding of accounting and financial concepts and procedures, including reporting standards, taxation, pensions, and strategic investment
- It is possible to list skills like financial accounting, managerial accounting, and financial statement preparation.
- IT business expertise, including using Bloomberg terminals or accounting software
- Communication (written and oral)
- Critical and analytical thinking
- Data analysis
- Decision making
- Project management
- Team working
Professional Accreditation and Organisations
- Numerous professional accounting organizations, including the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA), and others may accredit degrees in accounting, exempting graduates from taking some of the necessary professional accounting exams.
- Accreditation by the Association of Corporate Treasurers (ACT), Chartered Banker Institute (CBI), CFA Institute, Chartered Institute for Securities and Investment (CISI), or Chartered Insurance Institute may be available for degrees in other financial fields (CII)
- Accreditation from the Institute for Mathematics and its Applications (IMA) or the Royal Statistical Society is possible for degrees in mathematics or statistics (RSS)
What Do Accounting & Finance Graduates Earn?
Graduates in accounting and finance may expect to start out making between £19,000 and £25,000. Joining HMRC’s graduate tax program could earn you between £33,000 and £35,000 as you complete your training.
What Jobs Can You Get as an Accounting and Finance Graduate?
Accounting and finance graduates often get jobs at large, multinational professional services firms, banks, or insurance companies. Roles could include:
- Accounting technician
- Chartered accountant
- Commercial analyst
- Compliance manager
- Credit Controller
- Data analyst
- Finance manager
- Forensic accountant
- Investment banker
- Production Accountant
- Retail banker
- Tax adviser
What Are the Postgraduate Opportunities?
Postgraduate degree examples include:
- Accounting MSc
- Banking and Digital Finance MSc
- Corporate Finance MSc
- Financial Strategy PGDip
- Law and Finance MSc