Ostroff, Fair and Company
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What Should i study?



I am an accounting and finance major (undergrad). looking to hopefully do a CA or CFA. Is it perhaps better to pursue a Masters degree immaediately after finishing the undergrad or go into the workforce, gain practical work-experience, whilst completing either a CA or CFA. Then once completing the CA or CFA, return to school to do an MBA?? Ideally i would like to work in the management or finance industries. Kindly provide your input.

You've gotten some very good answers here (except for the first answer).
One VERY good point is that a lot of employers will pay for your classes when you go back to school. That's how I did it...I went straight to work after getting my bachelors degree. My employer then paid for my masters classes (100%). The drawback is learning how to balance work & school. BUT once you graduate with masters degree you are golden! Employers LOVE candidates with education AND work experience. When I was at the end of the masters program, I was already making $10,000 more than the offers my classmates with no work experience were getting.

PS - after a little work experience, the classes were a lot easier, as I had already been doing some of the things in my career that they were teaching us in class ;)

I don't know what the requirements are for CFA, but you'll want to check that out now. Then set out a plan for the next 5 years and work from there - maybe you can be studying for the first CFA exam while taking MBA classes? (you do know CFA takes 3 years, right?) Good luck! :) Source(s): I graduated with Bachelors in Finance in 1999
Went back to school in 2002 and graduated with masters in Accounting in 2006. Now a licensed CPA loving life!!
If you don't wish to make a million bucks, go into non-profits or school district finance management.
My husband is a CPA for past 16 years.
You should definitely gain some real work experience first. Everyone I know agrees that you should work for a year or two at your job, in the career field you want.

I suggest you to find an employer that offers tuition reimbursements. Usually companies will pay $3,000-$5,000 a year, and some bigger companies might cover more. When hired, you might have to wait 3-6 months in order to get this benefit, but that is a good way for you to gain the real work experience.

Good luck!
I was an accounting major and am currently working towards my CPA. I personally believe that getting real life experience before going to grad school. One of the reasons is you will have more practical experience and if you get your CA or CFA while working it will also give you better opportunities for going to grad school.

P.S. Most employers like to have someone who has both work experience and the right education. In addition, getting the work experience will help you decide which direction you would like to go into.
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