 Hey guys, it's MJ the student's act tree and today we're talking about the greatest rivalry in history Greater than Coke verse Pepsi Greater than Australia verse South Africa Greater than David verse Goliath. Yes We are talking about act trees verse accountants Both are global professions that control the world's financial systems Accountants are guardians of capitalism the Knights of fiscal policy and the champions of the business sector But are they better than act trees? To become an act tree one needs to be incredibly analytical comfortable with uncertainty mathematically superior phenomenal at communicating Intensely self-disciplined have utmost integrity and contain wisdom of the highest order To become an accountant, you need to know how to turn on a calculator Okay, sorry, I'm gonna try not to be biased in this video in fact my brother is actually a chartered accountant and he's got his master's in finance and I actually wanted to get him on this video to help me out with it But he was too busy getting engaged because you see accountants actually have social lives where act trees we have Yeah, okay, let's move on Traditionally accountants used to be bookkeepers and they would simply record financial transactions and Traditionally act trees were clergymen who got very accurate at modeling how many people would die every year Both developed into professional societies that would get embedded in financial regulation In order to raise capital on the market You would need a qualified accountant to sign off on your financial statements in order to offer insurance You need a qualified act tree to sign off your reserve capital Basically, you can't do the big boy business without them and that is why both are paid more than the minimum wage But with great power comes great responsibility Which means you can't do a lot of this if you want to be an act tree or an accountant You basically have to say goodbye to the party life and sacrifice your young adult lives Because to become an accountant or an act tree not only do you need a three or four year university degree But after this you still have to do a lot more mind-bending exams plus workshops Conferences continual professional development and on top of that you also have to pay outrageously expensive fees to join So much so that I think it's actually easier to get into the Illuminati all the free masons Then it is to become an act tree or an accountant But I must say one thing about the logos of act trees has got me thinking I mean what shape do they all Seem to have I mean the Illuminati is a little bit synonymous with the triangle I mean you can even see a white outline triangle on the South African logo and Yeah, I just thought it was weird although you might say You know someone who really knows their history that the true Illuminati logo, you know had the owl Which represented the wisdom? Which when you look at the oldest actuarial emblem the one of England and Scotland you can see that they also have owls I mean what a wonderful coincidence that is hey Anyway What was I talking about? Yeah, the University. Okay. Yes. Let's get back to University, okay, what do you guys do in first year? Finally enough first year for both act trees and accountants is very similar Both will do a little bit of maths a little bit of statistics a little bit of accounting a little bit of economics and a little bit of finance In fact, it's actually quite common for students to change their minds of the whining of University and switch their their degrees Most of the time we do see first year actuarial students switching to become second-year Accounting students because they think it's easier, but in reality both of the degrees are equally difficult In second year and beyond we will see the accountants focusing more on accounting and business management, whereas the act trees will focus more on statistics and risk management After University accountants have it much harder when it comes to the article period where they get paid less They work harder. They work longer and they very restricted and where they can work Whereas act trees have more freedom in their article period, but they do have to write more exams All chartered accountants write the same board exams in which there are two in total in South Africa Whereas act trees have multiple exams and the later exams are specialized And they depend on what field the act tree wants to go into So if two of you guys study actuarial science in the later years, you might be writing different exams Now accountants can work in various positions in the office, but the highest position for them is the chief financial officer Act trees can also work in various business positions and the highest position for them is this new thing known as the chief risk officer Both can also become the chief investment officer and both can also become the chief executive officer Although accountants tend to fill the CEO position more than act trees and this does make the accountants feel more Important because this role allows them to control global companies that shape the world economy But some act trees end up controlling the CEO's. I know you might be quite surprised to hear that You see some act trees consult for massive pension funds Who own the majority of shares in these companies and they actually get to vote on the remuneration policy for the CEOs So while at face value, it might look like accountants control the world by controlling these large businesses It's actually the act trees who control the world as they have the power over the CEO's bonus So the CEO would be wise to obey the act tree Although accountants do get the final laugh as a CEO of a global corporate can be expected to earn 10 million pounds a year Whereas an act tree is lucky if they get paid 10 of that amount So I think less less ended off here with the salaries your your average act tree will make more than your average accountant But your top accountants dwarf your top act trees But both act trees and accountants can get involved in wider fields This is stuff beyond the traditional subjects And for those of you who are subscribed to my channel, you know that I like cryptocurrencies I've liked them so much that I've actually decided to go and make my own one It's called hypecoin and it's a lot of fun It's a little bit like bitcoin. It's a little bit like social media And what I'm busy doing is I'm running a beta just on android come up on on apple later And and there's just a limited space, but if you want to join Um, and you know test the app before I release to production Feel free to send me an email at founder at hypesocialcurrency.com Or if you're watching this video after july 2017 Check out the description because I might place a link to that app Anyway, I'll make a proper video explaining hypecoin later But I just want to say thank you guys so much for watching and let me know in the comment section below Whether you want to become an accountant or an act tree and the reason why Thanks guys. Cheers