I passed my final CPA exam section while working full-time, but my manager hasn’t brought up a raise or promotion at all. Is it reasonable for me to ask about that now, or should I wait for my annual review?

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Why would you get a raise or promotion for passing your exam?

Check and see if your firm has a cpa exam-specific bonus. If so, and if you qualify (many are based on how long it took you to pass from when you started), then inquire of how to apply for it. Fun tip - co-workers who recently passed will probably be more helpful for this than your manager...we all passed a long, long time ago.

As far as a raise or promotion, this is a new tidbit of information that will be noted at annual review time, but not a deciding factor.

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If you are doing the same work as you did before you passed why would they pay you more? If your position doesn’t require a CPA license they are not going to pay you more just because you are overqualified.

As a rule of thumb a cpa license normally does not result in higher pay for a role although at some point it can be a requirement depending on your career path. An analogy would be if a lawyer passed the bar and wanted to get a job as a paralegal. No firm is going to pay him a lawyer salary if he is doing paralegal work just because he passed the bar.

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Is it standard for promotion and raise when passing? Typically passing the CPA doesn’t give automatic promotion as its performance based. Maybe there is a bonus for passing? It’s good to let manager, above manager and HR know you passed. Have a conversation with those responsible for making promotion and raise decisions for your career progression plans.

Does one normally come at your company?

Does it change your responsibilities?

At PwC a bonus is given if you pass very early in your career and is required for certain promotions but outside those 2 windows there is no favorable impact for the completion.

You’ll most likely need to move into a position that requires the designation.

Positions don't always require designations in CPA firms. Have you ever worked for a firm? Guess not. Experience and performance weigh in on raises and promotions, not passing a test or getting a new credential. I am a non CPA senior accountant; I make more than many CPAs I know. Why? Experience, mentoring junior staff and performance.

You fell for the old CPA scam. Welcome to the club. It’s just another piece of paper. It’s worth more in some scenarios but it’s not really something that will be life changing. CPA is only necessary for attestation/audit services. Even in tax an EA has the same rights as a CPA and they didn’t have to go to college. Before the rest of you jump in. Just because something happened to you does not make it the norm. Your success was not do to a piece of paper. It was due to skill and luck. Most CPAs are low-average earners in the educated white-collar group. I’m trying to give reality detached from my personal experience.

CPA doesn't mean you get a raise or promotion. It means you studied to pass a test. I am a non CPA who makes more than half of the CPAs I know. Raises and promotions are based on experience, industry experience and job performance.

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