Which Industry Is Better, IT Or Accounting?

Which field is more worth going into?

Deciding whether to work in IT or Accounting is a commonly asked question, but not many have seemed to answer. We can’t decide for you, but we can point you in a direction where you understand a bit more. The first thing to remember is that these fields are long-term jobs with 40-hour work weeks, so you must be careful with what you’re choosing!

We need to understand the basics of each industry before we break them down.

In Accounting, it will be your responsibility to manage financial statements. With the higher role in the company, you are responsible for communicating statements (whether it’s financial or non-financial) that are entitled to the company or business.

In IT, the roles can range from practical technician work to coding and software-related tasks. In this industry, you face constant changes and updates to further challenge your skills.

Ask yourself these questions

Before jumping right in, you’ll need to ask yourself these questions to confirm your long-term career path. Since you are going to be here 40 hours a week for a good amount of years, you must make sure you enjoy what you are doing!

Would you want to have a well-respected role within the company?

Do you want to be working at a management level?

Ask yourself, do you work better through ‘Kinesthetic’ or ‘Visual’ learning?

Do you lean to a more statistical or more technical person?

Is the income a motivating factor / why you are working in that field?

Knowing the similarities

IT and Accounting do have a fair few similarities, however. They share similarities, both in an expected way and in ways you might not expect. They both have a unique work-life balance alongside if you are happy with your career choice.

They both include a lot of mathematics and a fair amount of analysing analytics. The analytics part is what people find the most surprising, as well, when do you use analytics in IT? They’re incredibly useful when knowing the specifications of a certain piece of hardware, or creating information systems. You use analytics a lot in an Accounting firm, especially within cashflow for example.

A piece of data that is worth knowing about education-wise, is that both of these fields have a significantly high number when it comes hiring. You see, 86% of employers prefer IT with a Bachelors or higher, and 98% of employers prefer an Accountant with a bachelors, or a master degree, or higher.

This information above shows clearly that to get a job within one of these industries, you must have a good educational qualification. If you don’t have any of these qualifications, it is worth looking into when looking at vacancies here in these fields. We have some examples to help you research your way into a study below.

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