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Accounting or Marketing ?! Options
UTM Applicant 2008
Posted: Friday, July 25, 2008 1:49:21 AM
Rank: Frosh
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Joined: 6/21/2008
Posts: 31
Hi,

I am planning to become a CA and earn my designation in Canada through UTM, but now that i have finished grade 12 i am no longer sure if i want to take take accounting, so i am also wondering if i can get in to marketing as a major.

So, for those of you who are in upper year courses at universities, can you tell me what are the main differences between becoming a CA and a marketer, i would like to end up starting my own business in the future.

Thanks,
Code of Conduct
Posted: Friday, July 25, 2008 11:38:00 AM
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Joined: 10/15/2007
Posts: 0
The CA certification process is as follows:
-finishing 51 credit hours of CA required courses during your undergraduate degree (will consume most of your electives)
-writing the CKE (a multiple choice exam) after you graduate
-going to the SOA (more schooling from 8:30-4:30 and then case studies in the evening for a month or so) after you graduate
-writing the UFE (for the lack of a better phrase, it's a super hard case exam) after you graduate

The last three points require prep and take place after graduation when you're (ideally) working fulltime already

-The CA route is generally more secure in that a job can be had a bit easier than marketing.
-Pay-wise at a big 4 auditing firm, you start off after school at 45k/year, this increases to about 75k in 3-4 years (from what I remember) along with some pretty good benefits.
-CA is a great degree to have if you wish to start your own business. In fact, many CAs start their own accounting practices after a few years working for a big 4. Generally speaking, a CA teaches you the necessary financial/accounting skills to successfully run a business.

For the marketing route:
-finish your undergraduate degree
-look for a job in brandmanagement, general marketing, public relations etc.

-From what I understand, there is no recognized degree for marketing. It is also less secure in that it is a more competitive field (according to my girlfriend who's in marketing).
-Pay-wise, marketing salaries can range from 35k after graduation all the way up to 65k. Companeis such as General Mills, P&G, Pepsi (the CPG companies) pay really well for marketing but they are EXTREMELY competitive.
-For running a business, you always need marketing. However, not having a financial background will require some training or at least catching up on accounting.

In the end though, it boils down to what you would like to do in the future. Trust me, if you do not like your job, nothing else will make a difference (unless you're getting paid way too much to say no smile). Hope this helps.
UTM Applicant 2008
Posted: Saturday, July 26, 2008 12:47:28 AM
Rank: Frosh
Groups: Member

Joined: 6/21/2008
Posts: 31
Aside from accounting what are other proff. degrees available in the field of business that will give me a good knowledge about running my own business?
bimmer35
Posted: Saturday, July 26, 2008 1:09:15 AM
Rank: Senior Student
Groups: Member

Joined: 5/20/2008
Posts: 261
Location: Greater Toronto Area
Quote:
Aside from accounting what are other proff. degrees available in the field of business that will give me a good knowledge about running my own business?


A BBA (business administration) or a BComm in management. An MBA couldn't hurt later on.

UTSG Rotman Commerce (Victoria College) 2012
Stringer
Posted: Monday, July 28, 2008 9:22:27 AM

Rank: Student Body President
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Joined: 3/5/2008
Posts: 1,814
Location: Wilfrid Laurier University
UTM Applicant 2008 wrote:
Aside from accounting what are other proff. degrees available in the field of business that will give me a good knowledge about running my own business?


There's no reason to get a professional designation to be an entrepreneur. Heck, you don't even need to go to university to be an entrepreneur.

-Stringer
Code of Conduct
Posted: Monday, July 28, 2008 10:48:26 AM
Rank: Guest
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Joined: 10/15/2007
Posts: 0
The above is very true. Running your own business requires a lot of real world experience and maturity (and some luck of course!). With that said, school may help you pick up some of these soft skills (communication, interpersonal, etc.) and teach you some of the technical skills you need. If you are really set on running your own business and would like to goto school, the Schulich program at York has an entrepreneurship specialization. See if UTM has something similar.

It might also help to speak with someone you know that is currently operating their own business to get their insights. Having a private operation is a very demanding and stressful occupation and is definitely not for everyone. Make sure you are absolutely deadset on it before you "jump in". =).


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