Table of Contents
- What Is a Business Administration Degree?
- What Is an Accounting Degree?
- Difference Between Business Administration and Accounting
- Job opportunities
- Skills needed to succeed
- Is Business Administration or Accounting Better?
Business administration and accounting are two very similar fields, that in smaller companies can often be one department. However, in bigger companies, the distinction between them is clear, and professionals of the fields work in specific departments.
So, let’s see what each of these fields entails and where they differ.
What Is a Business Administration Degree?
A business administration degree is designed to help students build a foundation on core business administration subjects. These subjects include general business administration, finance, accounting, human resources, project management, marketing, etc.
The business degree’s curriculum is designed in such a way to develop strategic planning and financial skills in students. After completing the program, you can expect to be able to lead any kind of project in any given area of business.
What Is an Accounting Degree?
An accounting degree is focused on equipping students with knowledge of financial recordkeeping for businesses, government, organization, and other entities Some of the subjects you will learn about in this program include corporate accounting, public accounting, taxing, etc.
An accounting program will prepare you on how to consult, manage, and advise organizations and individuals on financial matters. A bachelor’s degree in accounting can help improve your professional life since accounting professionals are in high demand.
Difference Between Business Administration and Accounting
Although business administration and accounting are closely tied together, they have their differences. The main difference between these two is what the major’s main focus is. Business administration doesn’t deal directly with bookkeeping, tax work, and accounting—rather with strategic financial planning. Accounting, on the other hand, deals directly with financial matters only.
Here are the two main differences between them.
Job opportunities for these two fields especially differ when it comes to entry-level jobs. While business administration deals with the organization as a whole, accounting tends to focus more only on the financial side of it. In essence, their main difference is that an accountant may deal mostly with past expenses, whereas someone with a business administration background will deal with the companies financial future.
With a business administration degree, these are some potential job titles:
- Sales Manager
- Business Consultant
- Market Research Analyst
- Real Estate Appraiser
- Buyer or Purchasing Agent
- Compensation and Benefits Analyst
- Insurance Underwriter
With an accounting degree, these are some potential job titles:
- Budget analyst
- Claims Adjuster, Appraiser, Examiner, and Investigator
- Cost Estimator
- Financial Analyst
- Financial Clerk
- Human Resources Specialist
- Insurance Underwriter
- Loan Officer
- Management Analyst
- Market Research Analyst
Skills needed to succeed
Both accounting and business administration require a similar skill set. However, while a business administration requires someone with strong leadership skills, in accounting, you can very well get by without them.
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Both of these fields require problem-solving and analytical skills, and people with strong communication skills.
Is Business Administration or Accounting Better?
There is no definitive answer to this question. Business administration and accounting, although fairly similar, both have their own distinct qualities and even meeting points in the job market.
The answer to which one is better, in this case, is subjective. It comes down to what you want to focus on. In addition, since they have many similarities, it’s possible to switch careers midway, and you wouldn’t be making a mistake with either one. There are also many positions available to professionals with either degree, such as market research analyst, logistician, management analyst, etc.
The bottom line is, both of the fields are increasingly popular and promise good career growth. If you’re good at numbers and solving problems quickly, you can succeed in whichever path you choose to follow. There is no right or wrong answer to this dilemma.If you have your mind set on a degree, you can start today by applying for either Bachelor of Arts in Accounting or Bachelor of Arts in Business Administration program at BAU!
In addition, a bachelor's degree in Business Administration can give you the tools and skills to start your own business. A bachelor's degree in Accounting will prepare you for a career focused solely on the finances in public or private sector, including government, nonprofit and corporate settings.What is the best degree to get in business administration? ›
The perfect degree for anyone interested in acquiring strong leadership skills and getting top leader jobs is an MBA (master of business administration). The program typically provides you with knowledge in accounting, management, finance, marketing, and business law, while focusing on leadership and business strategy.Is a degree in business administration worth it? ›
Is a business administration degree worth it? Whether you're interested in starting your own business or playing a key role in another organization, the answer is yes. A business administration degree lays the groundwork for success across many professions and industries.Is accounting major the same as business major? ›
Yes, an accounting major is considered one of the various types of business degrees. Some schools offer bachelor's of science degrees in Business Administration with a concentration in Accounting.Which is harder business or accounting? ›
Generally speaking, people consider accounting majors to be more difficult to study and pass than finance majors. And there are a few different reasons for this. The content of accounting majors is, on average, much more technical than for finance majors, and this can make it more difficult.Can a business administrator become an accountant? ›
The job market is a fertile ground for business administration professionals. You could find employment in fields like human resources, marketing, accounting, banking, and other related fields.Is accounting a useful degree? ›
The demand for accounting graduates is obvious—with nationwide job growth for accountants and auditors projected to be 11.2% by 2029, according to the Bureau of Labor Statistics. This growth necessitates a strong pipeline of accounting graduates.Which business degree pays the most? ›
The highest-paying business majors include marketing, finance, and international business. Management and human resources management also rank in the top five business majors with the highest salary potential.What is the easiest major in business administration? ›
- Human Resources. ...
- Marketing. ...
- Organizational Leadership. ...
- International Business. ...
- Business Administration and Management.
The accounting field focuses solely on accounting practices, principles, and theories. Meanwhile, business administration places an emphasis on business management and operations. An accounting degree prepares learners to consult and manage financial matters for businesses, governments, individuals, and organizations.
The BS degree offers more practical experience and is especially helpful for those who want a more specialized, technical career, such as economics, accounting, or business analytics. With a BS degree, you often can choose a specialized “track” to work towards in addition to your general courses.What is the most useful undergraduate degree? ›
- Engineering. Engineering professionals use principles of physics and mathematics to design buildings, vehicles, electronics, and other structures. ...
- Business. ...
- Nursing. ...
- Hospitality. ...
- Education. ...
- Computer Science. ...
- Architecture. ...
- Pharmaceutical Sciences.
It also requires a strong understanding of business operations and the ability to use financial data to make sound decisions. In other words, accounting is more than just math—it's a complex and challenging profession requiring specialized knowledge and skills.What is the difference between accounting and administration? ›
While accountants put together financial statements, administrative accountants handle other functions, such as bookkeeping and budgeting.Which degree is best for accountant? ›
Earning a bachelor's degree in accounting can help qualify you to sit for the certified public accountant (CPA) exam. With a CPA credential you can find more positions at advanced levels. However, to meet the full educational requirements for CPA licensure, many candidates choose to obtain a master's degree.Is accounting the easiest major? ›
Accounting can be a very challenging major and takes four years of serious commitment to complete. With difficult classes, intense curriculums, and very little free time, many international students find that accounting may not be right for them and decide to leave the field.Is it hard to study business administration? ›
In general, a business degree is not hard. However, your course load may be heavy, which I'll discuss further in a moment. And some courses will be harder for some than others. But the depth of study in each area is not as great as it would be for a specialized Business Major.Is accounting a stressful major? ›
The work can be stressful
But that pressure and stress can have an impact on your overall mental health and deserves consideration. These negative experiences have a lot to do with where an accountant works and the specifics of their roles.
There is no other way to say this… accounting is hard! As the language of business, it will take a lifetime plus two years to become fluent. So, in college, don't be surprised if you find yourself in the library while your friends are out at a bar.Can you become a CEO with an accounting degree? ›
Just over half of Fortune 100 CEOs have a degree in business, economics, or accounting, while 27% studied engineering or science, and 14% law. Fortunately, there's no need to spend your money on a top-school at this stage.
One of the major disadvantages of completing a business administration degree is it can be expensive. If you complete an associate degree, you should pay less for tuition and fees than you would by spending an additional two to three years in a university for a bachelor's degree.Is it hard to get a job with an accounting degree? ›
It can be very difficult to get that first accounting job. Employers want a candidate with accounting experience, but you can't get hired to get the experience. Fortunately, there are a variety of ways to get your foot in the door. With a bit of creative thinking, you can persuade an employer to give you a chance.What are disadvantages of accounting? ›
Accounting information may be biased
Different methods of inventory valuation, depreciation methods, treatment of revenue and capital expenses etc can be adopted by the accountant for measurement of income of the entity. Hence, the income arrived in certain cases might be incorrect due to the lack of objectivity.
Yes, you can make $100,000 per year as a business manager.
The chances of earning over $100k for a business manager are actually pretty good because the highest-paid business manager positions typically pay at least $144,000 per year.
You'll need to be able to do basic addition and subtraction, but complex algebra, geometry, and calculus are not part of this program. If you can listen, learn how to apply theoretical concepts to the real world, and review a few simple numbers, you can do the work.Does business administration have hard math? ›
For many aspiring business students, the most harrowing component of the entire experience is the math coursework. The business degree track requires students to take calculus, often a dreaded and difficult experience for many.Can you make a lot of money with a business administration degree? ›
While ZipRecruiter is seeing salaries as high as $98,903 and as low as $23,502, the majority of salaries within the Business Administration Degree jobs category currently range between $35,252 (25th percentile) to $60,712 (75th percentile) with top earners (90th percentile) making $84,213 annually in California.Is accounting important for business administration? ›
Accounting is important as it keeps a systematic record of the organization's financial information. Up-to-date records help users compare current financial information to historical data. With full, consistent, and accurate records, it enables users to assess the performance of a company over a period of time.Is a finance degree better than an accounting degree? ›
The field of finance offers more career choices but also less predictability. In some cases, careers in finance might offer higher pay. Careers in accounting can offer more predictable and stable work but less pay in many cases.Is business administration a career? ›
A business-administration career path is a popular choice for one key reason — job flexibility. It is one of the few degrees that allows you to work in almost any sector for companies of all sizes and to do many things.
With a degree in business administration, you may be able to make your career as an accountant, administrative services manager, financial analyst, health services manager, HR specialist, management analyst, market research analyst or marketing manager.What is advantage of Bachelor business administration? ›
The benefits of a BBA degree include increased job opportunities and higher earning potential. Graduates with a BBA degree are well-prepared for a wide range of careers in business, including management positions in companies of all sizes and industries.What is a 4 year business degree called? ›
Among the most popular are: Bachelor of Business Administration (BBA) and a Bachelor of Science in Business Administration (BSBA).What is the most regretted major? ›
The top three regretted majors, according to ZipRecruiter, are journalism (87%), sociology (72%), and liberal arts and general studies (72%). The top three regret-free majors, all above 70%, are computer and information sciences, criminology, and engineering.What 4 year degrees make 6 figures? ›
Pursuing a bachelor's degree in I.T., computer science, engineering, mathematics, or any related field is the first step towards the goal of earning 6-figure salaries in this field.Which degree has more job opportunities? ›
Engineering is perhaps the most versatile major on the board, in that several career opportunities exist within its domain.How do I become a CPA without a degree in accounting? ›
If you don't have an accounting degree, you can still become a CPA, you will likely just need to catch up in the following areas: Earning the minimum number of accounting credit hours. Earning the minimum number of business credit hours. Obtaining relevant experience.Is there a lot of algebra in accounting? ›
Accounting isn't hard-core math. It's basic addition, subtraction, multiplication, and division. Possibly some light, entry-level algebra, but that's it.Do you make a lot of money in accounting? ›
Individuals with higher-level degrees, CPA certification, along with additional expertise, can earn upwards of $89,000 per year.
To study at university, you will need to take mathematics and finance subjects. But to study with a private college or distance learning institution, you don't need any prior knowledge on this topic. Here at Skills Academy, we offer our programmes via Open Access.
Depending on your school, the formal name for the degree may be either Associate of Business Administration (ABA), Associate of Arts in Business Administration (AABA), or Associate of Science in Business Administration (ASBA).Is a CPA or Masters in accounting better? ›
Getting a CPA License is a Must in Certain Industries
For most industries, getting a master's degree is not a must. However, you need a CPA license to move beyond the manager level in any reputable CPA firm. A CPA license also becomes almost necessary once you move to senior finance positions in big companies.
An associate degree in accounting is a two-year degree that can help students start their careers in accounting, and it is offered by community colleges, technical colleges, business schools, and through online programs.Is business administration the same as accounting? ›
The accounting field focuses solely on accounting practices, principles, and theories. Meanwhile, business administration places an emphasis on business management and operations. An accounting degree prepares learners to consult and manage financial matters for businesses, governments, individuals, and organizations.Is it smart to major in accounting? ›
Is Accounting a Good Major? The short answer is a resounding yes. If you want to work in accounting, finance or business, getting a bachelor's or master's degree in accounting is a great investment in your career.Is accounting the most useful degree? ›
Is accounting a good major? Yes, accounting is a good major with above average pay and 7% job growth (Bureau of Labor Statistics). Majoring in Accounting comes with a number of benefits. And with excellent pay projections ranging from $66k to $134k (Bureau of Labor Statistics), there's plenty of room for advancement.Which degree is better finance or business administration? ›
A bachelor's degree in business administration offers a broad grounding in the world of commerce and a bachelor's degree in finance tends to be more specialized, placing greater emphasis on investments and financial institutions. U.S. Bureau of Labor Statistics (BLS).Is business administration a BA or BS? ›
A Bachelors of Arts (BA) degree in business administration has a focus on liberal arts studies and general business knowledge. This means it may apply to a wider range of career paths than the more-specialized Bachelor of Science (BS) degree in business administration.How do I know if accounting is for me? ›
Try to honestly assess your attitude toward pressure and heavy workloads. If you don't stress easy or don't mind being a little high-strung, working as an accountant might not bother you. If you know you're easily frazzled, it's possible that an accounting career isn't the ideal choice for you.What accounting degree makes the most money? ›
- 1) Financial Controller.
- 2) CMA (Certified Management Accountant)
- 3) Chartered Accountant.
- 4) Bank Branch Manager.
- 5) CGA (Certified General Accountant)
- 6) Senior Accountant.
- 7) Financial Analyst.
- 8) Credit Supervisor.
There are various roles for tax accountants, but senior tax accountants are the positions with the most demand.What are 4 reasons to study accounting? ›
- Excellent graduate prospects. ...
- The world needs accountants. ...
- You could work in any industry. ...
- Internationally diverse cohort. ...
- Joint honours. ...
- Real-life application. ...
- Year-abroad opportunities.
Students who prefer empirical research and statistical analysis are likely better suited for economics. Students who prefer applying theories hands-on, working with people, and leading teams might enjoy finance more. Of course, both require strong math, analytical, and decision-making skills.