What’s in it for you? The benefits of becoming a CPA
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So, what's in it for you?
Three coveted initials after your name
C.P.A. – they may be three simple initials but they mean so much. Once you are a designated CPA you have the right to add these letters after your name and feel proud of it.
A career that will take you places
Yes, being a CPA means you are a qualified accountant, but it also means much more than that. With this qualification to your name, your career opportunities become as diverse as you can imagine – think worldwide.
More than accountancy
The CPA’s prime goal is to qualify you as a certified accountant but it also opens many more doors to you than this. Did you know that many of the world’s chief financial officers or chief executive officers are also CPAs? Or that to work for the FBI, a CPA stands you in good stead? Read more on the exciting world of CPAs here.
Mobility across industries
If you think being a CPA means you will be stuck in an accountancy firm, think again. With a CPA you can work in a vast range of industries, because every business needs an accountant. This means you could be doing the accounts for rock stars at a recording company, or auditing the Oscar results – accountants work in many different fields and the options are limitless.
Ability to start your own firm
With a CPA you don’t need to spend the rest of your life working for someone else. Technically you are qualified to set up your own business and be your own boss.
Boost your earning power
CPAs bring in more money and more opportunity! Not only are you more in demand as a CPA, you’re also in line for higher earnings. According to the AICPA, CPAs earn 10-15% more than non-CPAs working in accounting-related jobs. Or you can look at it this way, a CPA has the potential to boost their earnings by $1 million over their lifetime compared to a non CPA in the same position.
Increase your career prospects
The job market is increasingly competitive and in times of a downturn even more so. But the CPA is one way to increase your job opportunities and have a recession-proof credential. Not only is the profession growing in terms of openings, but most employers will always pick a CPA over a non CPA for the same position.
Earn respect from your peers
Just like the letters PhD or MD inspire respect, so the CPA singles you out as a trusted member of the business community with prestigious credentials.
Hold a position of trust
A big part of being a CPA is related to upholding ethics. Once you have earned your designation, you will automatically convey to employers your suitability for positions of trust.
Be one of an exclusive community
When you earn your CPA you become a member of an exclusive worldwide community. The numbers are 1.3 million and growing – and you could be one of them.
If you want to become part of the community and add C.P.A. after your name, get in touch with a Morgan today to discuss your eligibility.References: This Way to CPA (2012) 1.3 Million Strong and Growing
https://community.thiswaytocpa.com/allgroups/profession/b/articles/archive/2012/12/28/1-3-million-strong-and-growing.aspx (Accessed April 2014) This Way to CPA (2012) CPA Three Life Altering Letters
https://community.thiswaytocpa.com/allgroups/profession/b/articles/archive/2012/12/28/cpa-three-life-altering-letters.aspx (Accessed April 2014) Becker Professional Education, What You Can Earn as a CPA
http://www.becker.com/cpa-review/resources/career-opportunities/what-you-can-earn-as-a-cpa (Accessed April 2014) AICPA, Salaries and Job Market
http://www.aicpa.org/career/diversityinitiatives/pages/cpa_salaries.aspx (Accessed April 2014)