5 Reasons Why You Can’t Wait Becoming a CPA
Becoming a CPA is a dream for many accountants. Before you start the process, is it worth it considering the time and effort you need to pour in for the CPA Exam.
#1. CPAs = Black Belt Accountants
CPA, or certified accountants, are finance professionals who have achieved expertise beyond a “normal” accountant does. This is done through advanced education, training, experience and hard work.
Accountants who aspire to become partners in the accounting firm or move up the corporate ladder want the CPA qualification.
#2. CPAs Are Needed Everywhere.
Corporations, non-profit organizations and governments in every industry around the world look for CPAs to fill in their senior finance positions. It is not surprisingly that junior accountants with CPA are preferred when it comes to recruitment and promotion.
#3. CPAs Are Indispensable.
After the financial crisis, corporate accountability has become the number one concern for companies and their shareholders. Senior management relies on Certified Public Accountants for financial health and integrity of the corporations.
#4. CPAs Are In Demand.
As a result of the Sarbanes-Oxley Act, the workload in the accounting department of every corporation has vastly increased, leading to a shortage of accounting experts in a global scale. At the same time, 75% of current CPAs will retire in 15 years, based on a study by the AICPA. This creates a golden opportunity for you to jump into this important industry.
#5. CPAs Are Paid Better.
A study by global recruiting agency Robert Half points out that CPA on average earns 10% better than non-CPA. Also, CPAs with 5+ years experience are paid $80-110K in public accounting firms.
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