Becoming a licensed CPA is not an easy task. With pass rates falling around 50%, the CPA license is one of the hardest designations to achieve. The CPA profession offers many benefits that can help you have a successful and rewarding career. When most people think of accounting, they think of number crunching and bean counting. However, the profession is so much more than that. These benefits include a better salary, job variety, career development, respect and prestige, and job security.
1.A Better Salary
A better salary is one of the most obvious benefits of becoming a CPA. According to the 2019 Robert Half Salary Guide for Accounting and Finance Professionals, the median starting salary for CPAs is $63,000. This is significantly higher than the median starting salary for all other professions.
job variety is another important benefit of a CPA career. CPAs can work in a variety of industries, including public accounting, corporate accounting, government accounting, and non-profit accounting. This variety allows CPAs to find the right career path for their skills and interests.
Career development is another benefit of becoming a CPA. CPAs can use their credentials to pursue advanced degrees or specialize in a particular area of accounting. They can also use their experience to transition into other related fields, such as finance or consulting.
4.Respect and Prestige
The CPA credential is recognized and respected around the world. In the United States, CPAs are licensed by each state’s board of accountancy and must meet stringent education and experience requirements. The CPA credential confers many benefits, including increased respect and prestige, greater job security, and higher earnings potential. If you are considering a career in accounting, becoming a CPA is a great way to set yourself up for success.
- There are many benefits to pursuing a CPA career, including job security, higher earnings potential, and the ability to work in a variety of industries and organizations. In addition, CPAs are highly respected professionals who are looked up to by their clients and peers. The CPA credential offers many career benefits, including the opportunity to earn a solid income and the opportunity to work in a variety of industries. The CPA credential is also portable, meaning it can be used in any state. CPAs also enjoy job security and the opportunity to work for a variety of employers.
If you are considering a career in accounting. You should consider becoming a CPA. If you are currently looking to study for the CPA exam, or waiting for your CPA scores to come back, make sure to check out the only visual learning platform on the market Universal CPA Review.
Joey Reeve, CPA is cofounder and lead instructor of Universal CPA Review. This post is designed for those interested in learning more about the CPA exams or currently studying for them. As a disclosure, Universal CPA Review is a CPA exam study resource that is particularly designed for visual learners.