The CPA Exam is considered one of the most difficult professional exams in the world. So is it worth all the time, effort and cost? The answer is “yes”. That is for the following 5 reasons:
- CPA gives you the Power, Prestige and Respect
Becoming a CPA gives you a lot of value and respect from family, friends, clients and all people around you. People know that passing the CPA Exam is not an easy task, so passing this exam means that you are a hard worker and a person of knowledge and ethics too. For this reason, people will appreciate you and trust you more once these 3 letters are added to your name. Thus, you will be a person of power, prestige and authority
- CPAs are in High demand
There are multiple career options for CPAs, so they can pick the career path they are interested in. Every company needs a CPA for its senior financial positions, profit, NGOS, governmental accounting, banking sectors and others
Here are some areas that you can start with as a CPA:
- Forensic Accountant
- Financial Planner (Investment Company)
- Taxation (Software startup)
- Chief Finance Officer / Finance Manager
- Accounting Professor (University)
- Entrepreneur (Business Coach)
- Career Development
Becoming a CPA gives you a competitive advantage and differentiates you from others. Earning a CPA license demonstrates a commitment to the profession and often highlights potential candidates for leadership and management positions.
A CPA license is also necessary for those who desire higher levels of authority and responsibility.
Becoming a CPA also helps you work with technology that is changing the profession.
- CPA gives you the Security and Survival
So as a CPA, you will have less chance of losing your job then other non-CPAs. Corporations usually do not cut CPAs from their work.
- Higher Compensation
Obtaining your CPA license can open up the door to more promotions, managerial opportunities, and a higher salary. On average, CPAs earn 5-10% more than non-CPAs and are also estimated to make over $1 million more during the course of their career.