Why study economics, finance or accounting?

Accounting, finance and economics all deal with the way we view money. Accounting is about money going in versus money going out; finance is about how to divide the money you have; and economics asks the question: “what's the bigger picture when it comes to money?”. Why study economics, finance or accounting at university? You’ll set yourself up for the future! Prepare for a well-paid career that’s focused on strategic thinking, analytics and problem solving.

3 reasons why you should study economics, finance or accounting

  1. Become chartered - many accounting and finance degrees offer exemptions from accounting exams, making your road to certification that much quicker.
  2. Work experience - finance-related degrees offer some great opportunities for industry experience. Some courses even give you the chance to intern at companies such as Deloitte, KPMG, PwC and Ernst & Young.
  3. Salary expectations - accounting and economics graduates are among the highest earners in the UK. In the US, graduates with a Bachelor’s degree in Public Accounting, Applied Economics and Management, and Actuarial Mathematics are among those with the top 10 highest paying jobs (PayScale College Salary Report 2021).
What are accounting, finance and economics?

Accounting and finance are about managing the money of a company or individual, creating budgets and forecasts to ensure finances are balanced and efficient. Accountants are the backbone of the financial world and vital to the running of businesses across the globe, working in just about every industry imaginable.

Economics concerns the study of financial markets, as well as the flow of goods and services within a national economy. Economists analyze data and study the behavior of people and markets to predict national or global growth rates.

What can I expect from an accounting and finance or economics degree?

As part of your degree, you could:

  • learn how to trade and analyze data on the stock exchange using a Bloomberg Terminal, Thomson Reuters Eikon or equivalent trading tools
  • benefit from connections to industry leaders in finance through workshops, placements and talks
  • gain exemptions from exams for professional accounting qualifications
  • learn how to use specialist IT systems such as Sage
  • pick up key skills such as financial auditing, tax law and risk management
  • work on case studies using real companies and undertake practical projects
What skills will I develop during my humanities and social sciences degree?

The skills you’ll develop during your degree are someone of the best reasons why you should study economics, finance or accounting. These include:

  • analytical thinking
  • problem-solving
  • report writing
  • organization
  • presentation
  • communication
  • teamwork
What are my career options after graduation?

Popular finance-related careers include:

  • Actuary
  • Banker
  • Chartered Accountant
  • Company Secretary
  • Data Analyst
  • Economist
  • Management Consultant
  • Stockbroker
  • Tax Advisor

Which humanities and social sciences subjects are right for you?

Choose from accounting, finance and economics or another related discipline. Here are some of the most popular degrees in this field.

Actuaries use mathematical analysis, probability and statistics to measure risk for companies, particularly in relation to insurance. If you enjoy the application of data and statistics to real life this could be the subject for you.

Did you know?

City, University of London boasts the longest established Actuarial Science degree in England.

Student Testimonial

"The subjects taught at INTO have helped me and set me aside from other students at City, University of London. I couldn't have got into the famous Cass Business School without the help of INTO. Actuarial Science is a great degree for students who really like maths."

Linshuo from China

Completed International Foundation in Business and Economics with Accounting at City, University of London

Banking is the study of financial markets and macroeconomics. You’ll learn all about different financial systems, asset management, banking regulations, trading and securities. This could be the ideal qualification if you want to be a trader or stockbroker.

__What’s the difference between a banker and an accountant? __

While both professions deal with money, bankers and accountants have two different career paths. A banker has an executive position in a bank and meets with both corporate and personal clients to discuss financial requirements and advice. Accountants can work in a bank but often manage financial records within a company, with responsibilities including bookkeeping, analyzing and interpreting financial information, auditing and preparing payrolls.

Did you know?

Some Banking and Finance courses in the UK are accredited by organizations like the CFA Institute and the London Institute of Banking and Finance, who offer exemptions from exams and membership benefits.

Student Testimonial

"When I started at university, I was sure I wanted to work in investment banking, but then I had a chance to work in the asset management industry and I absolutely loved it. Being open to other opportunities apart from your 'ideal' choice is very important."

Sabina from Kyrgyzstan

Completed International Foundation in Business and Economics with Accounting at City, University of London

Economists conduct research, collect and analyze data, follow economic trends and develop financial forecasts. If you’re interested in how money and goods relate to society and people, this might be the subject for you. Advantages of studying economics include:

  • develop highly sought-after skills, including analytical thinking and problem solving
  • varied career prospects in many fields, from law and foreign affairs to education and financial services
  • high salary expectations – graduate salaries start from £25,000-£35,000 in the UK

Did you know?

Famous economics graduates include magnate Warren Buffet, former American President Ronald Reagan and Huffington Post founder, Arianna Huffington.

Student Testimonial

"My Industrial Experience year at Microsoft helped me to become more professional while giving me insight into how a global company works. I had the chance to get involved in various projects across the company, meet lots of people and make lasting connections."

Stefaniia from Russia

Completed International Foundation in Economics, Finance and Management at University of Exeter

Why study finance or financial accounting? Managing finances is a highly sought-after skill that is in demand in today’s job market. Financial Accountants specialize in bookkeeping, which is the art of managing the day-to-day finances of a company. They look at costing, receipts and inventory. They work across all industries and are vital to the smooth running of businesses and their finances.

Did you know?

There is an international standard for financial accounting. The International Financial Reporting Standards (IFRS) are designed to provide a global framework for financial reporting that can be understood across international borders.

Student Testimonial

"I enjoyed the freedom of selecting modules. Although I did accounting and finance, I could choose to do management modules, languages or mathematics modules. This was great because I could learn even more about what I’m interested in."

Khin from Myanmar

Completed International Year One in Accounting and Finance at University of Exeter

Ideal for careers in investment fields, where you’ll analyze risk in financial markets and asset trading. You could manage investment portfolios, make acquisition decisions or act as risk advisor for banks or global companies.

Did you know?

You can learn investing in one of the largest academic trading rooms in the US, identical to those used by leading financial institutions, at Hofstra University in New York.

Student Testimonial

"The International Foundation is fantastic because it's closely connected to City, University of London. Once you've done your studies and passed your exams, you're well prepared for studying at university. By improving my English, integrating me into British society and giving me a solid foundation in Business Studies."

Boran from China

Completed International Foundation in Business and Economics with Accounting at City, University of London

Management Accountants look at the overall financial business strategy for companies and devise a suitable approach. The role includes financial reporting, budgeting and forecasting, financial processes, risk management and optimization.

Did you know?

The Institute of Management Accountants (IMA) celebrates International Management Accounting Day on 6 May. This global day of recognition commemorates the important role management accountants play within their organizations.

Student Testimonial

"I enjoyed the freedom of selecting modules. Although I did accounting and finance, I could choose to do management modules, languages or mathematics modules. This was great because I could learn even more about what I’m interested in."

Khin from Myanmar

Completed International Year One in Accounting and Finance at University of Exeter

Actuaries use mathematical analysis, probability and statistics to measure risk for companies, particularly in relation to insurance. If you enjoy the application of data and statistics to real life this could be the subject for you.

Did you know?

City, University of London boasts the longest established Actuarial Science degree in England.

Student Testimonial

"The subjects taught at INTO have helped me and set me aside from other students at City, University of London. I couldn't have got into the famous Cass Business School without the help of INTO. Actuarial Science is a great degree for students who really like maths."

Linshuo from China

Completed International Foundation in Business and Economics with Accounting at City, University of London

Banking is the study of financial markets and macroeconomics. You’ll learn all about different financial systems, asset management, banking regulations, trading and securities. This could be the ideal qualification if you want to be a trader or stockbroker.

__What’s the difference between a banker and an accountant? __

While both professions deal with money, bankers and accountants have two different career paths. A banker has an executive position in a bank and meets with both corporate and personal clients to discuss financial requirements and advice. Accountants can work in a bank but often manage financial records within a company, with responsibilities including bookkeeping, analyzing and interpreting financial information, auditing and preparing payrolls.

Did you know?

Some Banking and Finance courses in the UK are accredited by organizations like the CFA Institute and the London Institute of Banking and Finance, who offer exemptions from exams and membership benefits.

Student Testimonial

"When I started at university, I was sure I wanted to work in investment banking, but then I had a chance to work in the asset management industry and I absolutely loved it. Being open to other opportunities apart from your 'ideal' choice is very important."

Sabina from Kyrgyzstan

Completed International Foundation in Business and Economics with Accounting at City, University of London

Economists conduct research, collect and analyze data, follow economic trends and develop financial forecasts. If you’re interested in how money and goods relate to society and people, this might be the subject for you. Advantages of studying economics include:

  • develop highly sought-after skills, including analytical thinking and problem solving
  • varied career prospects in many fields, from law and foreign affairs to education and financial services
  • high salary expectations – graduate salaries start from £25,000-£35,000 in the UK

Did you know?

Famous economics graduates include magnate Warren Buffet, former American President Ronald Reagan and Huffington Post founder, Arianna Huffington.

Student Testimonial

"My Industrial Experience year at Microsoft helped me to become more professional while giving me insight into how a global company works. I had the chance to get involved in various projects across the company, meet lots of people and make lasting connections."

Stefaniia from Russia

Completed International Foundation in Economics, Finance and Management at University of Exeter

Why study finance or financial accounting? Managing finances is a highly sought-after skill that is in demand in today’s job market. Financial Accountants specialize in bookkeeping, which is the art of managing the day-to-day finances of a company. They look at costing, receipts and inventory. They work across all industries and are vital to the smooth running of businesses and their finances.

Did you know?

There is an international standard for financial accounting. The International Financial Reporting Standards (IFRS) are designed to provide a global framework for financial reporting that can be understood across international borders.

Student Testimonial

"I enjoyed the freedom of selecting modules. Although I did accounting and finance, I could choose to do management modules, languages or mathematics modules. This was great because I could learn even more about what I’m interested in."

Khin from Myanmar

Completed International Year One in Accounting and Finance at University of Exeter

Ideal for careers in investment fields, where you’ll analyze risk in financial markets and asset trading. You could manage investment portfolios, make acquisition decisions or act as risk advisor for banks or global companies.

Did you know?

You can learn investing in one of the largest academic trading rooms in the US, identical to those used by leading financial institutions, at Hofstra University in New York.

Student Testimonial

"The International Foundation is fantastic because it's closely connected to City, University of London. Once you've done your studies and passed your exams, you're well prepared for studying at university. By improving my English, integrating me into British society and giving me a solid foundation in Business Studies."

Boran from China

Completed International Foundation in Business and Economics with Accounting at City, University of London

Management Accountants look at the overall financial business strategy for companies and devise a suitable approach. The role includes financial reporting, budgeting and forecasting, financial processes, risk management and optimization.

Did you know?

The Institute of Management Accountants (IMA) celebrates International Management Accounting Day on 6 May. This global day of recognition commemorates the important role management accountants play within their organizations.

Student Testimonial

"I enjoyed the freedom of selecting modules. Although I did accounting and finance, I could choose to do management modules, languages or mathematics modules. This was great because I could learn even more about what I’m interested in."

Khin from Myanmar

Completed International Year One in Accounting and Finance at University of Exeter

The following INTO university partners all offer programs which offer progression to a degree in this subject area:

Helping you to decide on your degree

Whatever type of career you're interested in, INTO can help you find the right study program to help you start your studies in economics, finance or accounting. Just get in touch with our enrollment counsellors who will give you the advice and support you need to start your studies. Or, if you've already submitted an enquiry or applied, simply reply to the latest email from your adviser.