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Abstract
A survey of 100 advanced accounting students was conducted to determine the opinions of
accounting majors regarding such areas as why students choose accounting as a major,
courses students felt were important and unimportant, and expectations regarding work and
salary. The Key findings include: (1) A significant proportion of students decide on
accounting as a major while still in high school; (2) Accounting is selected as a major
because students feel that it will lead to a job with good income potential; and (3) Only 32%
of accounting majors definitely expect to be working in accounting ten years after they
graduate.
Brooklyn College is a public liberal arts college located in Brooklyn, New York and is
part of the City University of New York (CUNY). CUNY is one of the largest universities in the
country with over 200,000 students, and Brooklyn College has a total student enrollment of about
15,000 students. The accounting program, housed in the Economics Department, has about 535
majors.
The purpose of the current study was to determine the opinions of accounting majors
regarding such areas as why students choose accounting as a major, courses students felt were
important and unimportant, and expectations regarding work and salary. The student body at
Brooklyn College is quite similar to that found at many public colleges; therefore, the findings
The sample consisted of 100 advanced accounting students at Brooklyn College. Fifty-
six percent were male, 70.2% were between the ages of 20 and 25, 63% had family incomes
between $25,000 and $79,000, 44% were Caucasian, and 77% were single. Eighty-one percent
indicated that that they expected to take the CPA examination and 68% were working. The
average amount of time worked by those respondents who indicated they were working was
Questions: “When did you decide to become an accounting major?” “Was accounting
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The results showed that 32% of respondents decided to major in accounting while still in
high school; 28% during the freshman year; and 19% during the sophomore year. Sixty-five
percent indicated that accounting was their first choice as a major. Apparently, a significant
number of students have decided on accounting as a field while still in high school.
Question: “How important was each of the following factors in your decision to major in
accounting?”
“prospects for a job,” “quality of professors,” and “income potential”) on a 4-point importance
scale (1= “very important”… 4 = “not important”). The most important factors were “prospects
for a job” (mean=1.19) and “income potential” (mean = 1.43). The least important factors were
= 2.47). Clearly, students choose accounting as a major because of the perceived financial
Question: “What is the most important accounting course you took in college?”
Respondents felt that the most important accounting courses taken in college were the
first accounting course, Introductory Accounting (30%), and Income Taxation (22%).
Question: “What is the least important accounting course you took in college?”
Respondents felt that the least important accounting courses taken in college were
Introduction to Managerial Accounting, (10%), Cost Accounting (9%), and Business Law (8%).
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It should be noted, however, that 39% of subjects left this question blank and 9% explicitly said
“none.”
Question: “Other than accounting, what is the most important non-accounting course you
took in college?”
Eighteen percent indicated “none”; 12% felt that the computer literacy course was the
most important non-accounting course; and 7% indicated the course in Investment and Securities
Markets.
Question: “Do you expect to go to graduate school?” “If yes, what degree do you expect to
pursue?”
Sixty percent of respondents expect to go to graduate school. The degrees they expect to
pursue are: Business (28%), Accounting (15%), Finance (12%), Law (12%), and Computers
and Banking, Operations Management, Speech, and Statistics) and asked to rate each of them on
a 4-point usefulness scale (1=“very useful” … 4=“not useful”). The most useful courses to
respondents were Corporate Finance (mean =1.64) and Investments (mean=1.65). The least
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Question: “What annual salary do you expect to start at after you graduate?”
Twenty-three percent of respondents expect starting salaries of $40,000 (mode) and 26% of
Question: “What job do you see yourself working at ten years after you graduate?”
The major responses to this question were: Accounting (32%), No Response (20%)
Question: “How important is each of the following factors in deciding where to work after
you graduate?”
Subjects rated 11 factors (“challenging work,” “effective and fair management,” “flexible
work schedules,” “freedom to express yourself,” “friendly coworkers,” “fringe benefits,” “job
important”). The most important factors were “opportunity for advancement” (mean=1.22),
“salary” (mean = 1.26), “effective and fair management” (mean = 1.41), and “job security” (mean
=1.43). The least important factor was “tuition reimbursement” (mean = 2.51).
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Question: “Would you recommend accounting as a major to someone looking for a
major?”
The rating scale employed for this question consisted of the following descriptors:
“Definitely” (16 respondents checked this category), “Probably” (46), “Maybe” (30), “Probably
Not” (4), and “Definitely Not” (3) and there was one missing value. It is somewhat surprising
that only 16.2% of accounting majors would definitely recommend accounting as a major.
Question: “If you were a freshman, and the accounting major required taking a total of
“Definitely” (11 respondents checked this category), “Probably” (30), “Maybe” (25), “Probably
Not” (22), and “Definitely Not” (11) and there was one missing value. This may not bode well
for the industry. A significant proportion of potential accounting majors may opt for other
majors once requirements go to 150 credits. It seems that only 41% of accounting majors are
reasonably certain that they would remain accounting majors even if requirements were raised to
150 credits.
Conclusion
high school
Accounting is selected as a major because students feel that it will lead to a job with
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good income potential. Accounting majors, on average, expect annual salaries of
about $40,000. They want to work for firms that offer good salaries and opportunities
for advancement.
their own business. This may explain why accounting majors feel that corporate
Only 41% of accounting majors are reasonably sure that they would still choose