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I'm saying this not only in reflection of the Raleigh area, but as a consideration you should make for your long teem career. Why? Because SOME states already require a MBA to get reciprocity on the CPA certificate. More will follow.
Get the educational requirements out of the way NOW, not late:r
I'm saying this not only in reflection of the Raleigh area, but as a consideration you should make for your long teem career. Why? Because SOME states already require a MBA to get reciprocity on the CPA certificate. More will follow.
Get the educational requirements out of the way NOW, not late:r
Well, since you need 150 credits to be licensed in most states (including NC), you might as well get a MBA. I don't have one, however, and I haven't seen a need for one (and I've worked in accounting for 25+ years). My 150 credits came from a BS and a random assortment of other classes I've taken along the way.
Umm, if you don't know how to look that up on the internet, I think it's a moot issue. Haven't you heard the CPA exam is one of the toughest professional exams to pass?
Yes-it will get you the interview over someone who does not have the license. If you ace the interview more than likely your employer will pay a premium to get you onboard especially if you are coming from a big 4 accounting firm or have public experience. If you want to stay in Financial Reporting/Corporate Accounting role then yes CPA over MBA anyday but...
a traditional M.B.A. (non-accounting) would be needed if you want to move into the Executive Operations role in most companies or upper managment if you have a B.S. in Finance doing forecast/budgets or Analyst role.
You have to weigh the cost and what the return on investment will be since a good program is very expensive but in todays world you need to have the skill set someone else might not have. My advice is to intern to see if you like accounting and what it entails-do you like working long hours sitting in front of a computer?
As a CPA I have never been out of work during hard times and my salary affords me to help other family members who were hurting during the recession and in some cases keep them afloat until things improve(d).
Yes-it will get you the interview over someone who does not have the license. If you ace the interview more than likely your employer will pay a premium to get you onboard especially if you are coming from a big 4 accounting firm or have public experience. If you want to stay in Financial Reporting/Corporate Accounting role then yes CPA over MBA anyday but...
a traditional M.B.A. (non-accounting) would be needed if you want to move into the Executive Operations role in most companies or upper managment if you have a B.S. in Finance doing forecast/budgets or Analyst role.
You have to weigh the cost and what the return on investment will be since a good program is very expensive but in todays world you need to have the skill set someone else might not have. My advice is to intern to see if you like accounting and what it entails-do you like working long hours sitting in front of a computer?
As a CPA I have never been out of work during hard times and my salary affords me to help other family members who were hurting during the recession and in some cases keep them afloat until things improve(d).
That's what I am looking for, not to be laid off in tough times. I have no direct accounting experience though. I have plenty of financial/risk analysis and reporting experience. I have also invested money for clients as well as closed the accounts by pitching them.
unless they've paid for the higher education, an employer is not going to care about designations when it comes layoff time. They're going to care about your job performance, and the ability to economically justify the position.
unless they've paid for the higher education, an employer is not going to care about designations when it comes layoff time. They're going to care about your job performance, and the ability to economically justify the position.
But they certainly do care when they are hiring for the job. And for some jobs, a CPA is a legal requirement. In other cases, the BOD has set a requirement for a CPA or some other designation.
But they certainly do care when they are hiring for the job. And for some jobs, a CPA is a legal requirement. In other cases, the BOD has set a requirement for a CPA or some other designation.
I agree! I have a client who was an accountant when he moved here and was taking his classes for his CPA and he said he has had a much easier time getting a job and getting paid more now that he is a CPA.
Vicki
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