PMP vs CPA? Which one is usually better for business career progression?

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PMP so you can joke that you're a pimp at parties

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CPA way more difficult to obtain.

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Pmp was a few weekends of studying and an adderal the weekend before.
I don’t have a cpa but just to be qualified requires additional college courses and then there are multiple exams. They aren’t even close to the same but if someone says they are a pmp I usually view that as any software certification if someone is a cpa I view that has a licensed professional.

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Lol I went the Vyvanse route 😂

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I have the PMP, MBA, and am the past President of my local PMI chapter. The demand for PMP is low. SAFe is more popular and the demand for it is much higher. You could get the CPA then use those study habits to knock out the PMP. The CPA, is a license granted by a state, the PMP is a certification granted by an organization that IMHO, is becoming irrelevant. As a CPA your career path is to CFO at a company (or partner at an accounting firm or many other options), statistically more CFOs become CEOs than any other position. The career path for PMPs is not well defined and most organizations do not hold PMP in high regard.

If I had to do it over again I would have gone down the CPA path. It may not pay as well to start, but has a better future.

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I don’t know if you can really generalize because those are two vastly different credentials; it’s also possible to be both a PMP and CPA, of course. But broadly speaking, you’ll tend to see more C-suite types with CPAs than PMPs, especially in Board Director/CEO/CFO roles. Expert knowledge of finance and accounting is more valuable and more well-respected in the top echelons of business compared to knowing the PMBOK and how to run projects.

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What kind of comparison even is that?Those are two completely different careers.

CPA is required accreditation to do accounting work that people spend a year or two of hardcore studying for to pass 4 exams.

PMP is an optional certification for $500 that people pick up in their free time so their resume gets more attention.

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CPA is a double edged sword. You are almost always going to be the CPA guy... anything related to accounting/finance/compliance/audit your name bubbles to the top... but often times those projects are less sexy and pretty boring. Less innovative and not splashy engagements that don’t get Partners excited to talk about. Also when a sexy non-CPA type role comes up you are going to be branded as the CPA guy and they want to save you for the CPA roles and give it to the random generalist (who can’t do your roles). With that said if you want to stay doing CPA roles only know that it will definitely pigeon hole you. And for PMP - totally worthless. The list is getting smaller and smaller for people who really care about that certification - it’s not really relevant in my opinion.

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Really just depends on your current role. What are you doing now or want to do?

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At many companies, a PM is filling a menial & thankless role.

If you can do CPA, go for it. Then transfer to CHQ in Armonk.

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Well just in general for a business role. Ofc pmp is more fixed for IT vs CPA for accounting but im talking about the broader pic for people who arent looking into segwaying into a narrower career yet

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PMP is for more than IT...you can run just about any program using this methodology. I have used it for multi million dollar programs over the years.

PMP gives you a broader range of options, even internationally. You don’t have to work in IT as a PM though most PM roles are.
CPA is accounting and US only.

uplifting

A1 - I didn’t know that.
I wasn’t implying that PMP is better. It is a cake walk to get it while CPA is hard work. I wouldn’t want to work as an Accountant or in finance. I also don’t want to be in the c suite. I’m IT and love it. My point was that you have more choices outside of finance with a PMP but I may be wrong.

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I think OP must have written CPA when they meant something else. You don't just decide to get a CPA license. It requires college courses.

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What difference does it make? It's like saying which is more prestigious: a nurse or a construction foreman. These aren't typically pursued by the same person, and neither is particularly exciting. CPA is much harder to get and makes someone eligible for more jobs, for whatever that's worth.

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CPA

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In my experience on IBM, PM’s have more professional projection than CPA that mostly do back office and don’t gain visibility, the only Client Facing CPA’s are B10 S&D sellers.

🤔

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CPA

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