Each counter reaches a crossroads at some point in his career: Should I get my CPA license or MBA? Public accountants often assume that they will get your CPA license, but the road to professional development is not always clear to those who work in the industry. In this article we will go through the various considerations you should make before deciding which direction to take his career.
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When do I get my CPA?
If your goal is to become a driver, get your CPA is a necessity. You must also have experience in public accounting, so you must be prepared to take at least a temporary pay cut to get the correct credentials. When you are still relatively early in your career, the fall in wages hurt, but it will be worth the climb up the stairs later. You can get your license, join a CPA firm for two years, and join the private sector after that. You’re probably still find more opportunities in this way because the work in public accounting and auditing of listed companies can provide the opportunity to obtain the necessary technical expertise to report SEC, technical accounting and attitudes recognition of companies income.
When you are still relatively early in your career, the fall in wages hurt, but it will be worth the climb up the stairs later.
But if you are a senior manager from six figures to $ 5060k will not be attractive and can not be done. When someone has reached a certain degree of compensation, we recommend looking at the possibility of MBA though the playoffs are a driver. MBA route is more appropriate if you want to transition to funding.
When do I get my MBA?
An MBA gives you a competitive advantage over their peers and create new job opportunities for accountants and finance professionals. MBA programs allow you to expand your knowledge and expand your professional network. The ideal approach is to enroll in one of the 20 best schools and study full-time or take a course in executive level that provides the opportunity to work during the day and attend classes at night. If they are not an option, find a reputable local program that does not offer a program for the elite, but still provides training and credentials quality.
No approach one size fits all
Wherever you are in your career, when making this decision, you should talk to a recruiter or mentor about your options. It’s not as simple as saying, “A CPA is better for these purposes, and an MBA suitable for this set of circumstances.” The choice depends not only on how you want to advance your career, but what you can afford in terms of lifestyle changes.
Wherever you are in your career, when making this decision, you should talk to a recruiter or mentor about your options.
A young single professional may be willing to accept a lower salary in a few years, while someone who is married and has children can not have the freedom to take a lower paying position. Recruiters can help you see the decision from different angles and make all the calls. In BVOH, we make a series of questions about their goals, priorities and lifestyle to help them ascertain the best solution.
Both a CPA license and an MBA degree can boost your career progression and earning potential, so they decide to follow should not be taken lightly. There is no single approach, but its current, both personally and professionally, the state can guide you to the right. And talk to a recruiter will help you feel safe when you embark on the path you choose.