USA Need Help Deciding on Transitioning to Accounting


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Hello,

I'm a hotel employee who is currently on extended furlough and wouldn't be surprised if I may lose my job due to the current crisis. I have a Bachelor's in Hospitality and Tourism Management and this industry will need a ton of time to recover (assuming post-vaccine). In this meantime, I was considering to return to school and transition into Accounting.

I don't know if a second Bachelor's Degree or a Master's Degree program is the way to go. I enjoyed and performed excellent in the Accounting classes I took for this degree (I was tutoring my classmates who struggled in those classes) so I think it is something I should explore further. I don't have any accounting work experience yet as I work in a hotel. The only loose related experience would be that I was a night auditor at the hotel to post charges and verify sheets to prepare the property management system for the next day of operations. If I were to enroll, I would reach out to my professors and the University's career services center to seek appropriate work experience that would count to sit for the CPA.

I would like to work at accounting firm or any place that offers great learning experience to help me figure out what exactly I want to do in Accounting (This part I still need to explore and figure out). I can also do Accounting for the hotel company I am already with (though hospitality has taken a huge hit- this would be a long shot). A concern I have is that companies in general may be on a hiring freeze during the current pandemic, but I think it would be wise to still go to school in this meantime to knock out the education aspect? Here are some of my thoughts:

Bachelors:

-Less costly
-More "starter" friendly for me as I am doing a career transition
-Leads to the same goal to pursue the CPA
-Might be considered redundant (I already have a Bachelor's Degree, so why not pursue the Master's?)

Masters:

-More costly/increased risk?
-I'm going to be in there with students who already have a ton of experience and education (folks who did their Bachelor's directly in Accounting/Finance, etc. and who have already been working the field/maybe even already have their CPA). Would I end up struggling?

For either option, I will still be taking the undergraduate classes as a pre-req anyways before starting any graduate classes.

I live in Maryland and the school I am looking to attend is UMGC (Online. I don't think physical classroom schooling will be taking place anytime soon).

Any input would be wonderful, please note this is a career transition for me and this is for brainstorming ideas on what to do next career wise. Thank you
 
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kirby

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but I think it would be wise to still go to school in this meantime to knock out the education aspect
I agree
I already have a Bachelor's Degree, so why not pursue the Master's?)
I agree
I'm going to be in there with students who already have a ton of experience and education (folks who did their Bachelor's directly in Accounting/Finance, etc. and who have already been working the field/maybe even already have their CPA). Would I end up struggling?
Yes if you don't do your homework and your readings. If you do the work you will be in a position to succeed. Also, the Master's group of students gives you an excellent group to network with.
Also one more aspect that I want to cover via private message. Log in to the forum and click on the envelope icon at top.
 
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You can easily crack your way into accounting. It somehow embraces all backgrounds. But, I would suggest you take up accounting certificate courses for further career growth to back up your experience in the future.
 
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Thank you all for your insight. I am also currently reaching out to my past professors for advice
 
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