Which Is A Better Career: Banking and Sales Or Accounting?
Are you interested in both of the business careers but doesn’t know which of the options is perfect for you? You are not alone. Many people find it difficult to pick a degree program from the overwhelming list of business alternatives. However, there are numerous factors that you need to consider before settling for a particular career.
To help you make a choice between the two, we have presented a side-by-side comparison between banking and sales and accounting. Regardless of whether you are considering majoring on the creative side if banking and sales or analytical accounting, you are in the right place.
Banking and Sales vs. Accounting
Before you can pick any degree as a major, it is essential to consider your passion, job outlook, duration of the study, and earning potential. To perform at your best level, you need to be passionate about what you do. Also, you need a job with a pleasant outlook.
Banking and sales entail introducing and promoting products and services to customers and other businesses. Like marketing, you will be required to use both traditional and digital platforms to promote company products.
On the other hand, accounting involves budgeting money and other company assets. If you pursue a career in accounting, you will be able to manage investment portfolios, analyze financial markets and current trends, and have a deeper understanding of how to manage debt.
Common Job Titles
The most common job titles for banking and sales professionals include:
Sales manager; tasked with creating marketing strategies for the company, promoting business’ products and services, describe product features and help with determining product/service pricing.
Sales representative; he/she is responsible for identifying and following up new leads, explain product features to current and potential customers, and build and sustain a vibrant customer base for the company. Other familiar titles include outside/inside sales representative, sales consultant, teller, and collection agent.
Common Accounting Job Titles Include:
Accountant; responsible for keeping company records comprising profits, taxes, assets, and liabilities, analyze company financial reports and statements and organize tax returns. Other popular job titles include accounting clerk, chief financial officer, auditor, financial controller, or financial analyst.
Skills Required by Employers
While a career in banking or accounting may seem lucrative, they are not for everyone. Either of them requires specific industry skills for one to succeed. However, there are some common skills that employers are looking for before absorbing banking and sales or accounting professionals. In-demand skills for banking and sales professionals include sales, marketing, social media management, business development, market research and strategy, and customer service. For accounting experts, most employers are looking for accounting knowledge, financial analysis and reporting, business administration, GAAP, general ledger, forecasting, and account reconciliation.
Bottom line, both careers require a Bachelor’s degree as the minimum level of education. Therefore, while making up your mind on the best alternative for you, remember that education plays a critical role for a career in either banking and sales or accounting.
From the above comparison, you can now look into your strengths, weaknesses, and personal preferences to make the final decision. No need to rush. Take as much time to arrive at an informed choice.
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