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Institute of Business Administration - IBA

speciality: Accounting & Finance

4.3

What is an Accounting & Finance degree?

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.

Benefits of an Accounting & Finance degree

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.

Accounting & Finance Degree Structure

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.

4 Student Reviews

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  • Accounting and ...
    Finance
    Zaid
    Quality Education and Diverse Societies

    IBA: A Hub of Quality Education and Diverse Student Societies

    IBA is truly a gem among educational institutions, providing a top-notch education while fostering a vibrant and inclusive campus culture. With its commitment to excellence and a wide range of student societies, this university creates an environment that nurtures students’ academic growth and personal development.

    At IBA, the quality of education is paramount. The faculty comprises accomplished scholars, industry professionals, and experts in their respective fields. Their dedication to teaching and mentorship ensures that students receive a comprehensive education that prepares them for success in their careers. The curriculum is designed to be rigorous, yet adaptable, allowing students to explore their interests while acquiring essential knowledge and skills.

    One of the university’s standout features is its extensive array of student societies. With societies spanning various disciplines, from technology and arts to social sciences and entrepreneurship, students have ample opportunities to engage with like-minded peers, explore their passions, and enhance their skills outside the classroom. These societies are student-led, providing valuable leadership experiences and a chance to develop teamwork and organizational abilities. By participating in these societies, students can further develop their talents, collaborate on projects, and create a strong network within their field of interest.

    Overall, IBA is an outstanding institution that combines high-quality education with a wide range of student societies to polish students in diverse fields. It nurtures a supportive and inclusive environment that promotes academic growth, personal development, and the pursuit of passions. For those seeking a university that provides both educational excellence and ample opportunities for extracurricular engagement, IBA is undoubtedly a remarkable choice.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: On Campus
    Campus: Karachi
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  • Accounting and ...
    Finance
    avatar
    Revamping IBA’s Administration for a Pro-Student System

    I believe this is one of the best universities in Pakistan, and the best business school. It has a rich legacy of producing not just industry, but Pakistan’s, leaders.

    I wish they would return to a more exclusive selection criteria to ensure that less students are enrolled. This is simply because the campus cannot facilitate the large number of students that are coming in rapidly. Until the new campus is not fully functional, there will be a lot of overcrowding and resources become limited. IBA should also bring back merit scholarships for students on the Dean’s List. A better evaluation system for teachers needs to be implemented so that ineffective teachers who are unable to teach well can either be gained or let go off. They add no value to the students nor the institute. The enrolment process can be made even smoother and a little more facilitating towards students of all programs.

    Other than that it is a wonderful institute and I am a proud student.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2021
    Campus: Karachi
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  • Accounting and ...
    Finance
    Syed
    IBA, Karachi

    IBA does not live up to its reputation of being the best business university in Karachi. Many of the teachers are incompetent to teach properly and to grade marked assignments and exams fairly, the level of the students in terms of academic and cocurricular achievements is lower than I thought, it’s difficult to get desired courses each semester along with a student’s preferred schedule, we study from outdated books, and lastly, if a student faces any issues or problems, for example, if they do not have the required number of courses in a semester or if they feel as if a teacher did not grade their work properly, there is no one to help the students. Students have almost no say in any matter. They can run around to different people to look for solutions and answers but no one really helps so all they do is keep quiet and move on.
    The only good part of IBA is the fact that it’s a renowned University in Pakistan, and the fact that IBA has more students that come from a good family background than any other university.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2022
    Campus: Karachi
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  • Accounting and ...
    Finance
    Huzaifa
    IT infrastructure and faculty

    The overall university experience was excellent and worth remembering. But still there is a room for improvement in IT infrastructure and Quality of content and its delivery. The latter one mostly depends on the teacher, and hence i believe the recruitment process should be improved and focused on.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2018
    Campus: Karachi
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