Public and Private Accounting Differences

Understanding the differences of the two main types of accounting can help you decide how to start your career path. The two main types of accounting are public and private. The big difference is in private you can only work for one company, while in public you work with more than one client or company. For example in private accounting, you would just be working for Coca-Cola; and in public accounting you would be working for a firm that provides accounting services to Coca-Cola and Pepsi.

Starting your career in a private company like Coca-Cola, you would not typically receive any true accounting experience unless if you are in their corporate headquarters.

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The Big Minor Decision, Financial Planning

 

It is okay for a student to not have their future planned out. Every future plan that I have is completely tentative. Coming into Saint Joseph’s, it is not necessary for students to know what they would like to do with their career. Saint Joseph’s will offer many new and unique experiences that will help students grow. The purpose and fun of college is figuring out what you want to do as you go along.

A minor is helpful and can help students learn about a career and not just a job. It can be related to your major or completely unrelated.

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CPA: The Letters after Your Name Matters

Since I decided to become an accounting major, I have always contemplated if I should become a certified public accountant. I am now a senior and I have decided that I want to obtain my CPA license.

Accountants get their CPA license to work in public accounting. After CPAs get their experience, they do not have to stay working in public accounting firms. Whether they stay in public accounting or work in private business, they are trusted to provide financial advice for businesses.

I was hesitant to make the decision to become a CPA because I was not entirely sure if I wanted to work in public accounting.

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Why I Chose Accounting

During internship interviews, everyone is asked:  Why did you choose (insert major) as your major? When I am asked this question, I use it as an opportunity to tell the employer about myself. Deciding a major is just as big of a decision as deciding where to go to college. Some students decide their major based on the college that they are or will be attending, while other students decide the college based on the major that they would like to major in. I was a student that knew I wanted to major in accounting and then decided to go to Saint Joseph’s based on majoring in accounting.

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