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re: Finance or accounting major? Change while you still can

Posted on 3/6/16 at 10:06 pm to
Posted by Porker Face
Eden Isle
Member since Feb 2012
16056 posts
Posted on 3/6/16 at 10:06 pm to
I'm an engineer and wish I had done accounting/finance

But no one will ever replace any of those with a machine. It's all judgement all day
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
71839 posts
Posted on 3/6/16 at 10:10 pm to
My accounting degree brought me into the IT audit industry, which is booming and only going to get bigger. I would suggest this path to anyone.
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 3/6/16 at 10:12 pm to
quote:

I'm an engineer and wish I had done accounting/finance


Why's that?
Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 3/6/16 at 11:58 pm to
Because our society currently rewards finance people way more than engineers and its fricked up.
Posted by 901Tiger
Member since Dec 2014
375 posts
Posted on 3/7/16 at 1:52 am to
quote:

Because our society currently rewards finance people way more than engineers and its fricked up.



Which group of finance people are you referring to?
Posted by JasonL79
Houston area
Member since Jan 2010
6425 posts
Posted on 3/7/16 at 7:51 am to
quote:

Because our society currently rewards finance people way more than engineers and its fricked up


Not sure what industry you are working in but in mine engineers get paid 25-50% more than me and I'm in finance. I work in the oilfield industry.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64683 posts
Posted on 3/7/16 at 10:54 am to
quote:

Not sure what industry you are working in but in mine engineers get paid 25-50% more than me and I'm in finance. I work in the oilfield industry.



Obviously your company isn't indicative of all companies, but wall street is probably the prime example of money handling folks getting big checks yet not providing any tangible goods for people. Supposedly there's an inverse relationship between the size of the financial sector and the health of the economy.

I've certainly just read a bit here or there, but just what I've seen written in various studies/articles.
Posted by junkfunky
Member since Jan 2011
36662 posts
Posted on 3/7/16 at 11:02 am to
quote:

Engineers, you have a little while longer, but the machines will come for your jobs, too.


Dumbass
Posted by CoachDon
Louisville
Member since Sep 2014
12409 posts
Posted on 3/7/16 at 11:05 am to
quote:

its shocking what I find out on a daily basis what engineers are ignorant of, I think it's turned into a weed out degree to see who can handle projects etc.


Funny. My dad is an Engineer, and he bitches all the time about the young engineers coming in these days that suck.
Posted by MontyFranklyn
T-Town
Member since Jan 2012
24301 posts
Posted on 3/7/16 at 11:07 am to
quote:

Obviously your company isn't indicative of all companies, but wall street is probably the prime example of money handling folks getting big checks yet not providing any tangible goods for people. Supposedly there's an inverse relationship between the size of the financial sector and the health of the economy.

I've certainly just read a bit here or there, but just what I've seen written in various studies/articles.
There are far more lower level finance people making $35-$50k per year than there are guys making $250k. In order to get that type of money in finance you need the experience and have your CFA probably.
Posted by junkfunky
Member since Jan 2011
36662 posts
Posted on 3/7/16 at 11:35 am to
quote:

Funny. My dad is an Engineer, and he bitches all the time about the young engineers coming in these days that suck.


The funny part about that is it's his fault, kinda. In both engineering and architecture the idea of apprenticeship disappeared a few decades ago. Older guys bitch about the young ones but they don't give them the guidance they got when they started.

Generally the only recent grads that know what they're doing right away have already worked in the field for several years. Luckily for me, I started out in my grandfather's practice when I was still in highschool.
Posted by TheDiesel
Phoenix
Member since Feb 2010
2608 posts
Posted on 3/7/16 at 11:37 am to
All the US companies are doing their best to outsource the engineering jobs. Technical design/drafting is well on its way already.
Posted by Croacka
Denham Springs
Member since Dec 2008
61451 posts
Posted on 3/7/16 at 11:37 am to
More and more engineering is being outsourced to China and India.

I'm more worried about that trend than any "machines"

Posted by junkfunky
Member since Jan 2011
36662 posts
Posted on 3/7/16 at 11:42 am to
quote:

All the US companies are doing their best to outsource the engineering jobs. Technical design/drafting is well on its way already.


I haven't been in the industrial side for almost 8 years but every time this was tried at a company I worked for it was a money losing venture. It's great that you get a CAD monkey for half the hourly cost but when you have to send it back 3 times for them to make corrections and you're missing deadlines clients will tell you to get fricked.
Posted by mikelbr
Baton Rouge
Member since Apr 2008
49099 posts
Posted on 3/7/16 at 11:43 am to
quote:

I'm in accounting as well and it seems like firms are hiring more than ever



I have Finance and ISDS(Computers and shite) degrees..

Them accountants ain't going anywhere in my industry. We rely on them big time for reconciliations between systems, taxes, and for financial statements for SEC, investors, etc.

Keep on crunching them numbers you nerdier than computer guys nerds.
Posted by biglego
San Francisco
Member since Nov 2007
85538 posts
Posted on 3/7/16 at 11:46 am to
quote:

Engineers, you have a little while longer, but the machines will come for your jobs, too.

False.

Immigrants are coming for those jobs.
Posted by el Gaucho
He/They
Member since Dec 2010
60147 posts
Posted on 3/7/16 at 11:49 am to
Accountants are already obsolete... It's called turbotax lol
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