Describe a little a
bit about yourself.
I would say that I am an outgoing person who likes
interacting with and meeting new people, perhaps that is why I chose to take a
Double Degree in Business and Accountancy.
Why did you decide to
take up a Double Degree in Business and Accountancy?
Personally, the main thing is that I did not want to take up
science or engineering so after striking those away, I am left with the arts
which are not a good fit for me. So I went with a route of elimination.However I have a silent confession to make: My passion is
actually design. However, I think that I should at least get a degree first
before pursuing my interest. I must also admit there my parents’ influence had
a little to do with my decision. My parents wanted me to take up a Professional
degree.All the reasons mentioned above culminated in my decision to
take up a Double Degree in Business and Accountancy.
Why a Double Degree?
I took a double degree at first because I was unsure of
which path I wanted to take, so since I was eligible for a double degree back
then, I decided to take it up and see how it goes first. It was after a year in
school so far that I realised that business is not really my cup of tea. So I
decided to drop Business and focus on Accountancy. Personally I feel that
having a double degree might not be as useful as it seems because when I
progress into the workforce, it usually requires the knowledge or either but
you normally will not need the knowledge of the other.
How would anyone know
if they are a good fit for Accountancy?
I love interacting with numbers but take note here that that
does not mean that I love Mathematics. Numerous people have the idea that if
someone is good in Mathematics, then Accountancy may be a good career option.
However, that is not the case because Accountancy is not simply about
Mathematics. Although Accountancy involves a lot of numbers, the concepts that
we learn are very different. The
concepts that we learn in Accountancy are all new and are completely unrelated
to the stuff we learn in Junior College so it may be a little bit tough to cope
at the start.
For people who love Mathematics and are considering Business
and Accountancy, I would recommend them to perhaps consider Finance as well
because that really requires a solid Mathematics background to excel.
Why Accountancy over
Business in the end?
My opinion is that Accountancy suits me better because there
is a set of concepts to understand, apply, follow and practice. Business, on
the other hand, is very open ended and flexible requiring a lot of creativity
without a standard model answer and that intimidates me a little. I prefer to
have a consistency and a certain level of control over things in that I rather
be given a collection of things to master and learn then well with results or
grades that reflect or are proportional to the amount of effort I put in. This
makes Accountancy really different from some Business specialisations.
Talking about
Business specialisations, what are they?
Okay, specialisation only applies to business students. In
the first year, all business and accountancy students will take the same
modules but business students must decide on which aspect of business that they
want to major in. There are 6 specialisations – Actuarial Science, Banking
& Finance, Human Resource Consulting, Information Technology, Marketing and
Tourism & Hospitality Management – because Business itself is very generic,
hence the need for these specialisations. The different specialisations will
have their own set of modules to take, kind of like the different majors in the
Sciences.
Are there any things
that you disliked while pursuing a degree in Business and Accountancy?
The competitive environment here in business school is quite
appalling. For example, class participation constitutes around 10 -15% of the
final grade which causes some people to talk solely for the sake of talking to
court favour with the teachers. This is annoying at times and some of the
comments do not even make any sense.
However, I think that such competition is inevitable and you
will find them rampant in any business school. But to put it into perspective,
this competition extends beyond school and also exists in the working world so
everyone has to learn to get used to it.
Despite all the negativity, I must add that most of the
people here in the school are nice and I have made quite a number of good
friends here who are very helpful.
Are there any coping
mechanisms for all these problems?
You will have to learn to work with different types of
people because the business school is rather project heavy so we interested
with quite a lot of people for projects. Different people have different
working styles and different methods – some stubborn and want things done their
way – and it may be quite a hassle and a waste of time to reason out with the
person until he/she finally gives way but I say this provides good training for
working conditions in the workplace.
What do you learn in
business school so far after completing your first year?
In my first year so far, nine out of my ten modules are
Business modules and the remaining one is an Accountancy modules. Some examples
of the things that we learn include the basics of Human Resource, Leadership,
and Conflicts & how to handle them. For statistics, it delves deeper into
statistics than what we learn in H2 Mathematics in Junior College. Some other
things that we also learn includes Basics of Marketing – how to target
consumers effectively, Valued Base Pricing, Financial Management – we learn
about the time value of money concepts, how to calculate percentage yield of a
particular investment to determine its feasibility.
That’s good to hear.
You mentioned that business school is quite project-heavy earlier. Do you want
to elaborate a little about how classes are like?
It is quite interesting because we predominantly have our
lessons in the form of seminars – a mash-up of lecture and tutorial – with only
50 students in a seminar room to a tutor that allows for better interaction.
The better tutor to student ratio as compared to a conventional lecture offers
less barriers for students to ask questions freely to clarify concepts.
So we have lessons in seminar rooms which may be followed by
tutorials and we also usually have presentations by a group every week.As expected of a university education, the Professors will
upload additional readings and we have to do quite a bit of self study on our
own.
What is a typical
school week like in business school?
We have a moderately demanding timetable that can be fitted
into a 3-day work week. It is usually very flexible because the timetable can
be arranged by us. We spend roughly 15 hours a week in school but we had to
spend quite a bit of time outside of school preparing for tutorials and doing
self-study.
Is the workload very
heavy in school? Is it easy to juggle school with other commitments?
I do not feel that the workload is very heavy because I know
people who excel and can have many other commitments with good time management.
For myself, I am quite involved in Hall activities and I still find the
workload manageable with proper discipline.
How are students
graded in your business school?
Our grading scheme places less emphasis on the final
examinations compared to the other courses of study. For a typical module, the breakdown
of the component for the overall grade is something like 10% Class
Participation, 20% CAs/Quizzes, 20% Project and 50% Finals.
Was Business &
Accountancy your first choice? What were the other choices that you have
considered?
Yup, Business and Accountancy was my first choice. I
considered Dentistry before but later decided that it did not really suit me.
Back in Junior College, I also considered studying Pharmacy but when I got to
know more about what Pharmacy is about, I came to the realisation that it might
not be the best fit for me as I cannot stand working with drugs for my life. I
see myself better as a people person and that Business and Accountancy would be
more aligned with my personality.
What do you plan to
do with your Accountancy degree? What are the career prospects with the degree?
Most accountancy graduates advance into careers as
accountants, auditors although some venture into the Finance sector as well.I am not exactly sure about the specifics of what an
accountant does but I would say that accountants generally gauge a company’s
performance using several factors to determine the financial situation of the
company. Of course most people will try
to go into the Big 4.
What is the Big 4?
According to Wikipedia, The Big 4 is “a prestigious group of
the four largest international professional services networks in accountancy
and professional services offering audit, assurance, tax, consulting, advisory,
actuarial, corporate finance and legal services. They handle the vast majority of
audits for publicly traded companies as well as many private companies,
creating an oligopoly in auditing large companies.” So accountancy graduates
have good career prospects if they managed to land themselves in the Big 4.
What do you think are
things that someone should know before starting a degree in
Business/Accountancy?
Most people can do Business and/or Accountancy because it is
quite generic and not too difficult. It is fun to study and quite broad to
begin with.
However, if you are someone who does not like to do
presentation, then business and accountancy probably does not really suit you
because we do plenty of presentation in business schools. It was a culture
shock as it was a big change from Junior College where students just sit down
and listen passively in class. In business school, students are expected to do
many presentations, participate actively and voice your opinions so it may be
difficult for students who do not really like to talk.
I think that people who are more outgoing can better fit
into Business/Accountancy but that is not saying that people who are less
outgoing cannot take up Business/Accountancy
There is a need to be examination-smart because there may
not be time to cover all the content and the rest will have to be learned via
self-study, so you will have to known what are tested.
Self-control is important in that one must avoid the
temptation of ignoring work in the midst of having fun throughout university
life. So you must the discipline to set aside time for studying.
Last but not least, do not neglect your friends.
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