The CPA designation has declining relevance.
Pro
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Me after studying for 30 minutes
It definitely has declining relevance, until your resume is in a big pile and a hiring manager needs to slim down their list to something manageable. Then it’s pretty damn relevant.
Then don’t get it. Just don’t complain about positions that are asking for it later
And you will be doing the work of 10 people.
OP after failing because he/she studied for an hour.
Far F5 and F6 really does a number on your mind
Pro
Industry jobs are paying less than they historically have and public is starting to fire seniors without CPAs.
Seems pretty relevant to me.
"The CPA designation has declining relevance" - someone who is bitter about failing the exam
Pro
No.
Thats a bit too general. Outside of audit and tax it still holds relevance as well. While it won't hold you back outside of those two roles it helps a lot and gives you a lot of credibility at a young age.
Sure if you went to banking or strat you don't need to get it. But those in the role who do have it tend to be given benefits that others don't have.
My 2 cents working in corp dev and strat. Though others may have different thoughts.
Agreed. It only has value for 1) Tax and Audit so you can legally sign off on things 2) The network utility of people that already have it thinking because they had to get it you should too, but they started working before the internet was a thing.
It still does have value but definitely declining.
That’s also a double edged sword. As I said, it’s valuable only because people that have it think it is valuable. If less people have it, then there are less people that value it. Supply goes down but so does demand. I know once I get it, it will hold little value to me unless I’m in tax or audit and therefore will hold little value with anyone else that has it. And based on my experience that is common sentiment in my age group and younger.
Right. Please don't take it. That's less competition for those of us who know how to leverage it.
Pro
And how exactly do you leverage it? These days.
When I am hiring and see CPA on a resume I know that person went through the grueling experience to pass the exam , most likely while working hard hours in public accounting. It’s an achievement you will carry on your resume your entire career. A message to Works for EY- GO FOR IT…!!
Rising Star
I know many CPAs that were fired from the Big 4.
Is it worth getting anymore
Of course it is. Virtually every important financial position it going to require licensing of some sort and CPA is still the most recognized and accepted
Pro
Explain
Rising Star
The 150 hour rule was meant to elevate the profession. It had the opposite effect.
I thought this was a Tax Senior thread.
Pro
Or mention his niece’s next island Christmas.
Based on what evidence EY? That is an opinion of yours but like to see what support you have to back it up.
It’s a necessity but not like a bonus when there’s scarcity
so does everything. dust in the wind, hoss. dust in the wind
I might be a nobody. Or I might be a somebody. You’d be a fool not to get and keep your CPA. Relevance is subjective. But if you equate financial prosperity to three letters, then be ready to have a prosperous next 15 years if you have it.
In many cases that is true, but for audit opportunities, it is growing in importance as many people joining the profession aren't able to pass the exam. With most states requiring a CPA license to issue audits, those that hold the designation will continue to be in demand.
It is always important to have passed the CPA exam. You have many more opportunities than someone who isn’t a CPA.