Online Vs Traditional Accounting Degrees
Yahoo Education terms accounting degrees as one of the top 5 most marketable degrees, as they allow students to pursue financially lucrative careers such as accountant, auditor and analyst in a diverse range of industries. But which path is better: Online accounting degrees or traditional accounting degrees? Accountingdegreetalk.org provides you a rundown on the pros and cons of pursuing your accounting degree through both mediums.
Whether you pursue your accounting degree online or at campus, the coursework for both the degrees is pretty much similar, the only difference is that in online degrees you access the learning resources online. You can expect to study business courses, as well as other courses that include:
- General accounting
- Cost accounting
- Financial accounting and reporting
- Accounting information systems
Tuition and Financial aid
Many people wrongly assume that financial aid, especially federal financial aid is only available to students who study at traditional colleges; that’s simply not true. If you qualify, you can get financial aid regardless of whether you pursue your accounting degree online or on campus.
- More repute
- More networking opportunities
While the trend is changing, employees still prefer candidates who have attended traditional college. A research was carried out a couple of years ago in southeast United States on how professionals in public accounting firms perceived online accounting degrees as compared with traditional degrees when hiring. The results revealed that there is still a preference for candidates with a traditional accounting degree.
One of the biggest benefits of online education is that it can be pursued from home and does not require students to ever put foot in college, but this can also be its biggest weakness; as it means no face to face interaction. Online learning is generally considered to be not as collaborative as classroom learning and students do not get the same opportunities to network online that they can get on campus.
- Cost effective
- Great for adult learners
- Customized Study Schedule
Online education is a cost effective solution both for the institute and the student. The SLOAN consortium carried out a survey of institutes that were adopting online education and found out that the cost savings per student per course ranged from $31 to $105. These cost savings are passed onto students by reducing tuition fees. Not only that, but students themselves managed to save costs on transport and textbooks.
Adult learners who are already employed full time or have a family to support and look after can greatly benefit from the flexible schedule and convenient access of online accounting degrees. With classes online, students can fit them around time spent with family, or at work.
Online accounting degrees provide the flexibility that allows students to determine the duration of their degree, many online colleges allow students to create customized plans where they can accelerate their degree by picking up several courses, or reduce the number of courses they take and spread their degree over several years.
Each degree has its own pros and cons, and while the scale may tilt in the favor of traditional accounting degrees right now, if a student with an online accounting degree from a quality institution has relevant work experience that can augment the credibility of the degree and allow them to even gain an upper hand at job interviews.