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Updated on Sunday, October 5

#19904

OMG: Does anyone in AFM even like accounting? Does anyone in the world like accounting? Can someone explain the appeal of AFM and (if there is any) of accounting?

29 comments

  1. It's not accounting that you must have a passion for, it's money. If you like money, be an accountant to get more money. It's pretty simple.

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    1. honestly even with CPA the only way you can get real money is big 4 experience and then move to industry or start own private practice

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    2. bro, that's the long way. go to where the oil is. cash in. bro down.

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  2. i like accounting because i get all the bitches

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  3. lol, look at the way you phrased the question, obviously you're just looking for confirmation bias.

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    1. I took an accounting class before with some friends and talked to some peers in the program and the consensus seems to be accounting is shit. So yes, I am looking for confirmation that its shit and am curious about the motivations of people who would put themselves through for dubious pay (less than most engineering students) doing a job its hard to enjoy or be passionate about.

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  4. Maybe because some people actually enjoy it. Accounting is the language of business. If someone is interested in business and actually enjoys the analytical/numbers side of things, accounting can be interesting. Just like with every job, there are good parts and bad parts to it. Some of the material can be dry. It's certainly not for everyone.

    And just like with every job, there will be people that make good money and people that don't. 1a is making a massive generalization.

    Also, AFM is not just accounting. It's accounting and finance. Finance tends to be a little more interesting/exciting/sexy. The study of finance is almost literally how to make money.

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    1. "Accounting is the language of business." Thanks for the laff m8. All these dumbass AFM kids think going to business school means shit. Most people that are rich on wall street or in the Fortune 400 are engineers.

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    2. @ 5a

      Accounting is commonly referred to as the language of business. Nowhere did I say that you need to know accounting to run a business and be successful and make a lot of money. Here's a quote from an interview with the Vice-Dean of Wharton's MBA program: "Well, accounting is the language of business. It’s how businesses communicate about what they’re doing to their investors and to their creditors and to anybody interested in the performance of the firm. And so, if you want to understand anything about business or communicate about business, you have to understand accounting, because it is the language." That is exactly what I was referring to. Some people enjoy trying to understand this language and in a way be the translator between the company and investors/creditors, or even translate for managers/executives and help make decisions.

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    3. @5.b Not to be glib, but there is a reason why this Vice-Dean is a Vice-Dean and not a CEO.

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    4. 5c, because he followed his passion and dedicated his life to academic research?

      Besides, I didn't see anything in 5b's statement that could be considered 'controversial' or 'inaccurate.'

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  5. Some people enjoy the complex system of rules and practices that accounting offers. Also, everyone always needs accountants. So it's a degree that leads to a secure, stable job. This is appealing to many people.

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  6. Doctors have bigger, more stable and consistent salaries than accountants and engineers have and yet they are not required any years of experience.

    Sigh, but medical school is almost impossible to get into. I gave up already.

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    1. But doctors have to deal with the unexpected on a day-to-day basis. Accountants simply have to know how to navigate the tax code. So complicated you need a degree to understand it - but not something you need to think deeply about.

      And Doctors have to complete a residency requirement before they get their MD.

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  7. As a person in 2A AFM, I confess I dont like accounting anymore. In general the program gives me stress and headaches.

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  8. It's not something anyone is passionate about. It's just a career that some people have an aptitude for and can make a lot of money doing. Not everyone has a passion or a desire to make a living off their passion if they do have one. Maybe you really love painting but you might hate it if you were forced to do it just to pay the bills. I'm not in accounting but I don't see anything wrong with not having an all consuming passion. Making enough money to pursue different interests in your free time without the stress of self-sustenance doesn't sound like such a terrible thing.

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    1. If their motivations are money there are far better paying fields than accounting

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    2. 9.a. You missed the bit about having an "aptitude". They may no have the aptitude for other well-paying fields.

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    3. That is false. It may not be something that most people are passionate about but they are out there. My dad and his partner for instance have both worked 30+ years and still enjoy their job and practice significantly

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  9. I'm not in AFM, but do accounting for my parents' company. Truthfully, I enjoy bookkeeping because it's straightforward... but I've never handled the more challenging stuff

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  10. lol what a loaded question. Also, the whole "engineering is better than accounting" or "big4 accounting or you're poor" thing is really lame. Both types of people need to stop looking at the world with tunnel vision. There are other ways to make money than working a 9-5 or a 9-12 job. Of all the successful people I've met, they all share one thing in common (and it's not the letters behind their name): they keep their minds open. You guys need to chill.

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  11. Maybe some people like the straightforwardness/analytic nature of the practice? Getting your CPA/CFA provides your career with a lot of credibility and security; it's a gateway designation for you to venture into other fields in business. Also, accountants/financiers make a lot of money in consideration to the amount of time they spend in school.

    TL;DL just cause you don't find the appeal in the field, doesn't mean it doesn't exist. Also, your bosses in the future will likely have an accounting background, and at the least some accounting knowledge. So pull your head out of your tunnel visioned ass.

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    1. go take an aptitude test!

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  12. IBD then move to hedgefund or PE ..... or you are poor.
    Big 4 pay is crap

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