Dom Magliari Econ Downing 3/12/12 Research Paper After I graduated from high school my career hadn t !

een set yet and I didn t "now what to do# $ow% almost a year later I ha&e almost narrowed my career down to one thing# 'he field I am entering is that of !usiness and I thin" it will focus on Accounting# (ith the research I ha&e done !efore this assignment I already "now that it would !e a wise decision# )ection 1* +o! Information and ,utloo" Accounting is already a &ery much needed -o! in our economy# In fact accounting and teaching is the most needed type of profession in the .nited )tates# In most cases accountants ha&e a !achelor degree from a / year uni&ersity# In some other cases accountants start of !y !eing a !oo""eeper or a cler" and graduate from a +unior 0ollege# )o the 1ualifications to !ecome an accountant would !e that of complete "nowledge in the su!-ect and hands on acti&ities with financial situations for indi&iduals or for a !usiness# (ith employment loo"ing great for accountants% I feel e&en !etter with my decision# 'he price range for this -o! has a larger range depending on how good you are or where you wor"# 'he range ranges from around 233%444 to 2143%44 annually for accountants# 'he median earnings of accountants nation wide was around 234%444 in 2445 )ection 'wo* 6ocal (ages I "now I m li&ing somewhere in 0alifornia when I m married and ha&e my family# I am going to to li&e in the )an 7rancisco area and the a&erage earnings for an Accountant there is 238%444# 'he a&erage earnings is actually slightly a!o&e the a&erage from )ection 1#

)ection 'hree* .nemployment 'he national unemployment rate for 2411 read !y each month in order9 :#1% :#4% 5#:% :#4% :#4% :#1% :#1% :#1% :#4% 5#:% 5#;% 5#8 respecti&ely# 'he unemployment rate o&er 2411 has decreased throughout the year for the most part# 'he most current unemployment rate num!er in 0alifornia is 11#2 and people li&ing in 0alifornia ha&e &ery high unemployment rates compared to the other states# 'he unemployed in the )an 7ransico county is 5#8 and is e<actly the national a&erage# And -ust li"e our nation it has slowly dwindled down since the !eginning of the year !ut is !elow the unemployment rate of that of 0alifornia# )ection 7our* 0ost of your 0hosen 0areer At this point I ha&e spent around 22%444 on my education so far with this !eing my first year in +unior 0ollege# I will need to attend a /=year uni&ersity after 2 years of a +unior 0ollege# I will !e in=state and the cost of my education will hit around 234%444# My -o! won t re1uire an apprenticeship !ut I will wor" as a !oo""eeper to !egin with and wor" myself up to accounting# My !est option other than attending a uni&ersity would !e to start wor"ing at a !an" and wor"ing myself up through the system !ut it would ta"e a lot longer to do so# It wouldn t pay as well without the degree !ut I would ma"e around 228%444 annually and that would !e my ne<t !est option other than attend school longer# >y going to school for 3 more years after this first year I will spend close to 234%444# I feel it is a !etter decision than dropping school to !ecome a teller !ecause in the longer run I will ma"e more money later !y !eing an accountant# )ection 7i&e* )hort=Run and 6ong=Run simple 0ost/>enefit Analysis )hort=Run In the short term it will ta"e a!out 1 to 2 years of wor" to !rea" e&en with my school cost# 6ong= Run

After 14 years my income of !ecoming an accountant with 1raise within the 14 years will !e* ?38%444@1#43AB33%:84 for year 2# And in year / get a 28%444 dollar raise# 'he total after 14 years of !eing an accountant would !e 2141%553#54 if I really applied myself and got the raise# ,pportunity 0ost ?28%444@1#43AB 28%;84 for year 2# Cet a raise in year ; of 28%444# And in year 14 my salary would on !e 2/1%3::#;5 after staying a teller my entire life# 'he difference after 14 years !etween my -o!s would !e more than half of my salary# >eing an accountant I earn more than half as much as my ne<t !est option in !eing a teller# Coing to school for 3 more years is a smart in&estment to ma"e# 0onclusion After analyDing my career more than I e&er ha&e !efore I feel that much more confident in what I am doing with my life# 7inding this "ind of information on this we!site really helped me understand things more than I e&er ha&e# I also learned that !y staying in school for that e<tra 3 years will end up pro&ing to !e a wise decision# 'han" for this assignment# I am not losing this piece of paper to !e completely honest#