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You just passed your last CPA exam. Go to the bar.
An MBA is only worth it if you go to a top tier school because of the network and the branding. Getting a masters in accounting is definitely pointless if you're already a CPA since no one cares since it's become pretty standard.
What u should do is pick up a non work related activity? Don't be so obsessed with having acronyms behind your name (no one cares)...focus on yourself first. Take a chill pill bro
Completely different exams.. Figure out what you want to do long term and not just get certifications for the sake of it. CFA will take at least 3 years and way harder than the CPA where CISA you could pass relatively quickly. CFA looks better but if you aren't going into finance, may not be worth it. I would also consider getting an MBA if you don't already have it. Could be more relevant long term depending on your career goals
It's not. I'm sure I'm going to offend a lot of people but an MBA is a waste anymore. It's specifying in generalities. Same as majoring in business. It pans out for people I'm sure but it's a waste. The worst thing the CPA licensing has produced is a generation of MBAs just because. Although, they did give a valid reason to get one. My point is based on the fact an MT or MSA around me is half the price of an MBA.
Agreed but only wanted to piss off one masters at a time. And the MT or MST carries weight that I don't understand but I went with (at my firms expense). But if you're going to those schools and getting that MBA, why did you ever enter accounting?
I know a lot of people who wanted to do banking/finance, but when we entered college (2008) everyone took the safe route in accounting to get a job. I think some people want to make the career change now. Also, accounting isn't for everyone so entering another field of business can be difficult without an MBA if you want to do something other than corporate finance.
I can't fathom why anyone would bother with the other stuff (CFA, CISA, MBA, etc.) after getting the CPA. Maybe I'm naïve, but I'm pretty sure after 4 years in audit that I've got this great career path ahead of me, no further certification or formal education required. I'm still working hard, but I'm kind of excited to lay off the striving and just slowly make my way to partner.
I hear you. I'm coming from a smaller market. There's certain benefits to anything you do. People just need to recognize what it is. For MBA, I don't believe it's the letters. It the connections or post grad opportunities based on where you went. Beyond that (my limited experience) can't see a benefit. I would love the day that names actually went back to differentiating though. People that used to offer lifetime warranties based on quality do it based on the fact they can replace it ten times. We all see education being a struggle between a need and a bubble. Somebody needs to say the names don't matter.
Go for CFA. Has less letters. Sounds easier ;).
Easier said than done but like the advice PwC 2.
Also make sure you have the experience requirements for cfa. Being an auditor doesn't cut it.
Why is MBA so important ?
Most other fields say they want degrees just like every job you transfer to in accounting wants "5 yrs big four and CPA, plus knows HR, IT",can leap tall buildings in a single bound. Apply for the jobs you want. You're probably overqualified. I get where you're coming from and I'm sorry they sold that lie. The truth is the people hiring have minimum standards and beyond that they benchmark. Know somebody where you want to go is the real key and they don't teach you that in college.
@EY2, sorry. Argumentative by nature. But you make a strong point I know nothing about. I get why they chose accounting initially but why do they think they couldn't just go into banking/finance now? To your point about leaving without an MBA, I really hope people realize they're overrated because education is. Coming from someone who has more "education" just to check it off the list.
I'm not one of the people pursuing the MBA route, but just speaking to what my coworkers are doing. I know people who also do it purely for the networking on the firm's dime since they went to become entrepreneurs afterwards. If you want to go the front office banking route, it's pretty difficult in NYC without the fancy degree from a brand name school because of the competitive recruiting process. The jump from auditor to investment banker at a top tier bank is super rare. Not impossible, but it becomes significantly easier with the MBA.
Sorry OP. Jacked your thread.
If you choose MBA there are also accredited DBA online programs you can do while working. (Doctorate of business admin instead of masters) if you're doing it to have on a resume so they can check the box it's nice because it's online and you get to say Doctor
Senior tax: MS is more of a waste than mba. Just get 150 credits. MBA is definitely important if you want to go into more executive roles
Online program would be a waste and so what you get to say Doctor behind your name - nothing to do with accounting or audit. Don't waste your effort and money