So, you want to work in accounting? With steady job growth fueled by globalization and expanding economies, accounting remains a stable and highly sought-after career path. While demand for this occupation remains high, it also requires a very specific skill set.  

But how do you know if an accounting degree is worth your precious time and investment? Let’s crunch the numbers. 

Accounting: The Backbone of Financial Integrity 

As the saying goes: “Taxes are one of the only certainties in life” (a derivative of a famous quote by Benjamin Franklin). Accountants form the integral backbone of businesses, providing oversight for taxation, financial reporting, and claims management. They interpret complex data, ensure accuracy, and provide strategic financial advice. 

Even as automations and artificial intelligence advance, they can’t replace highly skilled human professionals who can analyze, think critically, and offer strategic financial insights. This makes accountants indispensable to the financial health of businesses, even in an uncertain future. 

Crunching Numbers: A Look at Costs 

So, are the costs worth pursuing the degree? You’ll want to invest in an accounting career that also suits your professional goals and interests. 

Degree Types and Career Potential 

Investing in an accounting degree can take various forms. Let’s examine the options and the potential roles and salaries they offer: 

  1. Associate degree (2-year program) 
  1. Bachelor’s degree (4-year program)  
  1. Master’s degree (2-year, post-bachelor’s program):  
    • Advanced positions and specializations  
    • Annual salary for top earners: Up to $137,000  

Choice of Institution and Residency Status 

Now that you have an idea of the type of degree you’ll want to pursue, let’s look at the choice of institution. We’ve used a four-year degree program here as a basis for comparison: 

  1. Public Institution: The average cost for a four-year degree for the 2024-2025 academic year is about $11,600 for in-state students, with public communities having the lowest costs. 
  1. Private Institution: For a four-year degree, annual prices average around $43,000
  1. Online Programs: For an online undergraduate degree at a public institution, the cost will typically vary based on the school you choose. You can often reduce costs by transferring college credits you earned from a community college. 

These are average “sticker” prices, including tuition, fees and extra expenses. Tuition rates also vary by state.  

Advantages of Online Classes 

Choosing to earn your accounting degree online can significantly reduce your overall costs. Traditional programs often incur additional costs for books, fees, and living expenses—totaling an average of $20,000 per year. Online programs allow you to save on room and board, as well as relocation, parking, and commuting costs. You’ll enjoy a higher return on investment (ROI) and the freedom to learn on your own schedule, from anywhere.  

The affordable, accredited accounting programs we offer at The University of Texas Permian Basin are composed of asynchronous courses, allowing you to study at your own pace from anywhere. With competitive tuition rates for both in-state and out-of-state students, UT Permian Basin ensures flexibility without compromising affordability. 

Beyond the Degree: Earning Your CPA 

Are you an aspiring Certified Public Accountant (CPA)? If so, you should also factor in exam costs. The CPA exam costs about $250 per section, and if you plan to take review courses to ace your test, you’ll want to budget for those as well. 

Pro tip: Financial aid, scholarships, and grants can help reduce these costs for eligible students. 

Professional Versatility 

While accounting is “all about the numbers,” it also provides a strong foundation in business fundamentals that can be applied to numerous fields. Whether you dream of financial management, entrepreneurship, or even a career in entertainment or law enforcement, accounting skills are applicable and highly valuable in just about any professional environment.  

Career Paths and Opportunities 

According to the U.S. Bureau of Labor Statistics, most accountants work in tax preparation, bookkeeping, and payroll services. If you’re a graduate without CPA certification, you’ll likely focus on more administrative roles, working as a clerk or bookkeeper. CPA-certified bachelor’s degree holders can work as certified public accountants (CPAs) or auditors. 

Master’s degree holders with a CPA may move into financial management roles like: 

  • Corporate controller 
  • Treasurer 
  • Risk manager 

If you’re interested in a broader career in business and finance, an accounting background can lead to analytical roles like: 

  • Financial analyst 
  • Budget analyst 
  • Operations research analyst 

Master the World of Finance With an Accounting Credential 

An accounting degree is a valuable investment that cultivates critical thinking, attention to detail, and problem-solving skills: assets in any business environment. Far from just a number-crunching career, an accounting degree is a strong, stable, and future-focused choice.  

At UT Permian Basin, you can choose from three flexible, affordable, and entirely online accounting programs. Whether you’re beginning your accounting journey, seeking a more business-centered education, or you’re simply motivated to continue your studies in this fascinating field, we’ve got you covered: 

Apply online anytime and choose the path that best suits your goals and interests. We look forward to welcoming you to the Falcon Family!