

An Accounting & Finance degree focuses on the management of monetary resources available to an organization. Such a degree is aimed at students who want to pursue careers in investment analysis, management, banking, auditing, consulting and financial management. It teaches students how to assess the assets and liabilities of an organization financially and manage the financial risk of their activity.
Accounting & Finance covers the core areas of financial accounting, management accounting and finance but also includes other aspects of the business activity, such as financial management and control, corporate finance, company accounts, investment and business law. Optional module options provided by different universities around the world often allow students to specialize in a particular area such as auditing, taxation, etc.
The completion of an Accounting & Finance degree comes along with numerous benefits. Students develop strong analytical, critical-thinking and problem-solving skills, which are highly demanded by employers in both the private and the public sector and result in graduates often finding employment in large multinational organizations that offer professional services such as PwC, KPMG and Deloitte. On top of that, established companies around the world offer excellent and well-structured graduate schemes, which help Accounting & Finance graduates to kick-start their careers.
Accounting & Finance degrees are mostly practically oriented. They allow students to put the knowledge and skills they acquire on a daily basis to practice through simulated and real-life business accounts management and work placement opportunities.
Most Accounting & Finance degrees are professionally accredited by professional bodies, such as ACCA, AIA, CIMA, ICAEW and CIPFA, which provides students with the opportunity to become chartered accountants. Students gain professional qualifications in accountancy, which eliminates the need for additional certifications after graduation.
Due to the nature of the Accounting & Finance Degree, which complements business-related subjects, students often have the opportunity to complete a joint honours degree.
An Accounting & Finance degree’s duration varies depending on the country and degree level. In some countries, such as the United Kingdom, Bachelor’s degrees in Accounting & Finance can be completed in three years. However, universities also offer students the option to take a sandwich course, which allows them to undertake a year-long placement between their second and third year, which extends the course to four years. Four years is the regular time of completion of this degree in other countries, such as the United States.
The first year of a Bachelor’s degree in Accounting & Finance introduces the core principles of accounting and finance, including financial accounting, management accounting and finance as well as economics and business law. The second year’s focus is usually on managerial and business economics, financial control, corporate finance and company accounts, but optional modules might enable students to pursue their interests in other aspects of Accounting & Finance such as auditing or strategic business analysis. At this point, students studying at Higher Education Institutions in the UK could choose to take an industry placement in order to apply the theoretical concepts and the acquired knowledge to practice in the professional environment. The next stage of this degree is dedicated to further-developing students’ knowledge of financial and management accounting. Optional modules might enable students to specialize in a particular area of their choice such as auditing or taxation in some countries like the UK.
Masters’ degrees in Accounting & Finance usually take between 12 and 18 months to complete depending on the country that students choose for their studies.
Research-based degrees, such as MPhil and PhD, can take anywhere between 1 and 7 years depending on the country and type of degree. MPhil degrees in Accounting & Finance in the UK usually take 12 months if it is studied full-time and 24 months for part-time studies. PhD degrees in the UK, on the other hand, take about 36 months to complete if studying full-time and 72 months for a part-time program. In the US, students may be required to dedicate between 4 and 7 years on their degree.
I look back at my time at Carleton University with much fondness and nostalgia. I pursued my Bachelor of Commerce with a major in Accounting between 2010-14.
The faculty were knowledgeable and approachable which made learning easier (and now that I have no deadline worries, somewhat fun). At the time Carleton was still expanding to the sprawling campus it is now, so we had to walk / run fairly far to catch classes. Now even the business program has its own building so I assume classes are more centralised.
I was an international student and I loved the diversity and exchange of experiences and opinions at Carleton. No matter the subject, from Sociology to calculus to language to tax & audit, there was always just as much to learn from peers as from professors. It definitely opened my mind and made me think. The Sprott Business School had an amazing lineup of professors from within academia as well as from the corporate world, blending theory and practice well.
The campus is nestled right beside the Rideau river and is a visual treat across all the seasons. Though if we talk about Ottawa, we need to speak to the cold winters and Carleton had an amazing tunnel system that spans the entire campus. You can use any entrance and travel across campus in toasty warmth. The tunnels also have a collection of different shops, vending machines for whatever you may need – along with cozy nooks and bustling junctions so you can spend time between classes recharging or hanging out with friends.
Being an international student, Carleton was fairly expensive, though average in tuition costs compared to other universities in Canada. There are limited bursaries and scholarships with strict GPA requirements to retain. These were helpful relative to Canadian tuition but were significantly lower compared to international fees. Another expense was the on-campus restaurant and cafeteria; considering that you have very few options, the prices are quite steep (for a student). Other campuses like the University of Ottawa located downtown have access to a more diverse and competitively priced range of restaurants and eateries.
Carleton is accessible via bus or train through Ottawa’s public transit system, OC Transpo. The system has deteriotated over time and commute can be a pain point for many (especially during rush hour, in winter, or during exam season). While dormitories are convenient, they can be quite expensive. Off-campus housing near the University (Sunnyside, Prince of Wales, etc.) can be relatively cheaper with options to walk to University (yes, even in winter).
I would also like to personally speak to the amazing Muslim Student’s Association and prayer space that Carleton has. It enriched my time at the University and gave me fresh appreciation for views, customs and kinship across hundreds of cultures. And it provided me with a space to recharge spiritually in a more personal way, being so far from my own home, family and culture.
Unfortunately I cannot speak much to the sporting facilities, but Carleton has some of the best teams in the province (especially for Basketball). Our mascot is Rodney the Raven. Their gym facilities in particular were very nice and access is generally granted with the price of tuition.
Lastly, I would like to say that given the opportunity and financial ability, I would love to go back and do a graduate course at Carleton, just to be able to walk through its halls and experience the bustle of school life again. Even though it is endearingly known as the “University of Last Hope,” I am grateful that I got a chance to spend my formative youth there.
View moreMy first year at university was an overwhelming experience since it was my first time studying in a different country. Gave me a chance to expand my social network and connect with a lot of people from different countries. The atmosphere around campus is just calm and very encouraging.
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