Choosing to become a Certified Public Accountant (CPA) is often a very personal choice and people pursue their CPA license for a variety of reasons. If you’re on the fence about CPA certification, here are five common reasons to do it.
1. You Have To
Sometimes the choice is not really much of a choice but instead a requirement. A CPA license is often a pre-requisite for a lot of public accounting jobs. Some accounting firms are also upfront about requiring new staff members to pursue and eventually earn their CPA licenses as part of their job requirements or professional development plan.
2. More Money
Of course, one of the most popular reasons to pursue the CPA is monetary. The certification requires time and money to pursue but the ROI is substantial.
- CPAs can earn up to 15% more than their non-credentialed peers.
- Over the course of a 40-year career, a CPA license could earn an accounting professional an additional $1,000,000 in take-home salary.
3. Advance Your Career
Earning your CPA license is a good way to stand out to your current or potential employers–and can make all the difference in your job search. The certification can help position you for leadership and management positions as well and is often required for certain promotions.
Having the three letters behind your name is one of the best ways to ensure your resume/CV gets a second or deeper look.
4. Add To Your Skills
CPAs are often multi-talented and perform a number of highly-specialized job functions, which can include Auditing, Business and Management Consulting, Information Technology (IT), International Financial Reporting and Tax Advisory Services,.
With such a varied toolkit of skills, you can ensure that your daily work is also changing and varied, so you’re never bored.
5. Demonstrate Your Expertise
CPAs are widely respected by their accounting peers, clients and society as whole. That’s because, after years of academic and technical training – and passing the rigorous CPA exam – a CPA is able to demonstrate their expertise and commitment to the accounting profession.
The CPA one of the few professional certifications that carries with it a great deal of respect and prestige.
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