So, you pretty much know all the details and info on studying a Bachelor of Accounting at UTS — take a quick look here if you don’t!
But you want to know how people really feel about this degree?
Look no further because we’ve got you covered! Say hi to Megan Loone, a Bachelor of Accounting UTS Graduate — we ask her all those questions you really want answered!
So, let’s get straight into it!
Why should you study an Accounting degree at UTS?
Well, to start with, the Accounting degree at UTS is actually a Cooperative Scholarship! So, you’re actually sponsored by a company and complete your internships with them — plus you receive funding of up to $51,500 throughout the degree giving you more time to focus on your studies!
Top 3 Pros of an Accounting degree
#1: Learn on the job
There are two 6-month internships built into the degree! That means before you graduate, you’ve already gained a year of practical experience in the business world.
“The number one benefit of the program would definitely be the internships — it’s a fantastic opportunity to develop professional skills beyond the classroom,” Megan said.
Megan had her first internship as part of the degree at just 18! “I’d never stepped foot in an office so having the opportunity to develop those skills at such a young age and then be able to enter my actual job I’m in now at the age of 21 — that’s the number one thing I took away from the program,” Megan told us.
#2: You’re sponsored
Now, that’s pretty cool — it doesn’t really get any better than that! So, as a BAcc student, a company sponsors you throughout the degree and in return you complete internships with them.
“Our sponsors range from property companies and their accounting divisions, the big four accounting firms, insurance, payments processing companies — all the finance sections,” Megan said. Megan’s two sponsors were Lendlease and Ernst & Young which meant she also interned at both of these companies.
There’s a whole list of impressive companies that you could be sponsored by and intern at including Commonwealth Bank, Foxtel, KPMG and many more!
#3: Your peers
“The friends I made out of the Co-op program made my entire university experience and is by far the best thing to gain from the degree,” Megan said.
The friends you make along the way are most likely some of the people you will work with in the future! So, you’re already building a network of great people.
“That’s really comforting to know that you have a really strong network out there of some of the best future business leaders,” she said.
Top 3 Cons of an Accounting degree
#1: It’s very full on
Although Megan didn’t have a least favourite thing about the degree, she said, “It’s a rapid ride — the three years goes by unbelievably quickly and it’s not for everyone.”
There’s no doubt that it’s a full-on degree and you’ve got to work really hard! But it’s also so worth it.
#2: Accounting has to be your major
So, Accounting has to be your first major — it’s an Accounting scholarship at the end of the day! Maybe Accounting isn’t exactly where your heart lies but it does provide you with the foundations for any career in business.
“All of the subjects in the Accounting major teach you the fundamentals of how a business operates and set you up to enter the corporate world with an understanding of how a business functions — whatever career you end up pursuing, the knowledge is not going to go to waste,” Megan told us.
#3: Well, there isn’t really another con!
At the end of the day, it’s an awesome scholarship that presents you with opportunities to enter the business world!
Megan said that she has “no regrets about degree!”
Although she did give some advice: “I would 100% recommend going on exchange like I did because it’s a once in a lifetime opportunity that you’ll regret not doing.”
Check out the UTS Global Exchange Program for all the awesome places you could visit!
What should you know before applying for UTS Accounting?
Now, this is a scholarship and it’s a pretty awesome one! That means that there’s a fair bit of competition when applying for the scholarship because they only take roughly 30 people a year.
“There’s quite a rigorous application and interview process that allows the candidates to showcase their soft skills as well — so that’s a key criteria for the program, ensuring they have communication skills and beyond just grades,” said Megan.
So, it’s not all marks based, however, people who have received the scholarship in the past usually have an ATAR between the 80s and 99.95.
What makes this degree different from the ones offered at other universities?
#1: Just 3 years
“It’s a really short degree, only 3 years and you jam pack a lot in,” Megan told us.
Now, that’s pretty impressive! Imagine fitting in two 6-month internships alongside your degree (and an exchange if you want) and graduating in just three years with a very good chance of landing a grad job?! Plus meeting awesome people along the way and growing your network! Sounds pretty good to us!
#2: Small cohort
There’s around 30 people in each cohort which is like the size of a tutorial for a normal university degree! So, that means you get to know everyone super well.
“The program attracts quite like-minded, hardworking, motivating people who have strong career ambitions from a young age and did quite well in high school but also have social skills,” Megan told us.
What inspired you to choose Accounting at UTS?
Well, we’re pretty sure the degree sells itself because if you’re interested in a career in business, there’s no doubt that this degree helps you get a foot in the door!
Megan told us that she was inspired to choose this degree because of “the guaranteed professional experience and internships.”
“It really kick starts your career in a way not many other degrees can,” said Megan.
What are the possible career paths?
You’re pretty much set to enter any area of business once having completed this degree! And perhaps you may choose to go in a completely different direction.
But hey, that’s fine because the skills you learn during this degree are highly sought after in any career (leadership, good communication, problem-solving, time management- the list goes on!). Here are some of the more business-related jobs you could end up in:
- External auditor
- Investment manager
- Tax adviser
- Financial reporter
- Management consultant
- Retail banker
- Open your own accounting film
Tanna Nankivell is a Content Writer at Art of Smart Education and is currently in Germany completing a year of study for her double degree in Communications (Journalism) and Bachelor of Arts (International Studies). She has had articles published on Central News – the UTS Journalism Lab and wrote a feature piece for Time Out Sydney during her internship. Tanna has a love for travel and the great outdoors, you’ll either find her on the snowfields or in the ocean, teaching aqua aerobics or creating short films.