if you are hesitating between accounting and industrial engineering and want to know which is better for you, in this post we will help you to solve that issue.
Which is better industrial engineering or accounting
According to BLS the average salary of an industrial engineer is $95,000 per year, while an accountant earns less, around $77,000 a year, So industrial engineers earn 19% higher than accountants which is a considerable difference.
But when we compare the market expansion between industrial engineering and accounting. We find accounting broader than industrial engineering. Every year there are almost 100,000 occupations offered to accountants. While in industrial engineering there are only 40,000 jobs offered every year. accounting is 2.5 times more demanding than industrial engineering.
To work in accounting or industrial engineering you just need a bachelor’s as the first entry of employment, not like related branches such as physics or economics that require having a master’s or Ph.D. to work and earn a similar higher salary like industrial engineering.
In accounting, you do not need to take advanced subjects like physics and calculus when pursuing studies at the college level. You are just going to be considering fundamental subjects of high school mathematics, like algebra and statistics.
If you are good at mathematics and love to solve problems and improve systems, industrial engineering is an interesting field to apply for but you have to consider choosing between accounting and industrial engineering should not only be for money.
Even though accounting and industrial engineering offer great financial opportunities, you should not be worried about struggling to find jobs in accounting or industrial engineering. You have to consider the personal aspect of interest that would be talking about later in our article.
Which is harder industrial engineering or accounting
Industrial engineering is very challenging and more difficult than accountancy. It involves a lot of math and physics courses, while in accounting programs students are required to complete basic high school math topics like algebra 1, and algebra 2 excluding trigonometry.
If you have the basics of arithmetic you are meeting more than 80% of the accountancy math requirement. You just have to be good at basic math applications like division and multiplication, in addition, have some basics in functions and solve simple equations.
Accounting students focus on general courses like:
These subjects are not difficult to understand and require only an elementary understanding of mathematics and the inclination not to feel bored in class.
But in industrial engineering, there are a lot of headaches. You will have a lot of math and physics courses to complete. In your first 2 years of the industrial engineering curriculum you will be required to complete theses all courses:
These are all subjects that are going to prepare you for studying Advanced industrial engineering topics in the third and fourth years like:
In the third and fourth years of your accounting major you would be studying these General courses:
Should you choose industrial engineering or accounting
If you have a serious dislike for physics and math, industrial engineering isn’t the right place for you because the requirements of industrial engineering are quite math and science-oriented. In accounting, you won’t ever have to do any physics, just a little bit of general math.
You will be focusing on General Business courses to handle issues around income, taxes, dividends, profits, and losses. also providing suggestions and guidance on financial states and standard banking reports for business clients and companies.
Another advantage that accountancy has is that, after you gain your very first 2 years in the bachelor’s program, you can begin to apply for entry-level positions, such as assistants or researchers, which will support your earnings and decrease paying back educational debts.
On the other hand, if you are interested in solving technical problems and improving systems, for instance, increasing the number of smartphones produced over a year, or reducing the cost invested in manufacturing these Smartphones, industrial engineering is the field that you will find comfortable.
It doesn’t mean that you would be working in a technology or smartphone company only with industrial engineering. you can work in multiple manufacturing companies like Automotive, Aerospace, aeronautics, or ship engineering. Everything that’s involved in production or Service delivery you should enhance will be your job.
But you have to consider that industrial engineering has more workload and challenges than accountancy, but you don’t have to be afraid of math or physics. You just have to be decent and validate your courses. If you have prepared well studying Algebra 2 in the precalculus course in high school you won’t find any problem in an industrial engineering college program.
Can industrial engineers work in finance?
You can’t work with an industrial engineering bachelor’s degree in finance or banking. It is still possible if you decide to take some undergrad courses in economics or Finance or take a master’s in finance after getting an industrial engineering degree. Your math background will be helpful, especially in statistics.
Industrial Engineers are studying a lot of Statistics which would be helpful in some final domains like data analytics, but you still have to couple this knowledge with economics topics and some programming skills.
For instance, it would be a great option to work in computational finances, or developing software systems like analyzing financials or building banking systems or softwares.
remembers A lot of Engineers work in banking and finance because employers love to hire engineers, they work harder and are fast learners. So if you are interested in the field go for it.