How One Accountant Overcame The CPA Exam In Small Steps

The CPA Exam is no joke, as evidenced by the more than 50% of candidates who don’t pass it each year. It covers a vast amount of content that can be hard to recall and apply, especially during a high-pressure timed exam. For Ryan Smith, CPA, finding success meant finding a way not to get overwhelmed by the material. 

Meet Ryan

RyanSmithHaving passed the CPA Exam earlier this year, Ryan is currently working as a Senior Assurance Associate at BDO USA, LLP, in Chicago. He had originally worked for BDO following his graduation from Northern Illinois University in 2013 but left to joint a private accounting firm in 2015 after he was unable to make any headway in passing the CPA Exam.

“I had been pretty much taking the tests regularly since graduating college,” Ryan says.

Saddled With Becker

Part of the problem, according to Ryan, is that public accounting was very demanding of his time and it was hard for him to find dedicated time for his studies. Not only did he have to take 3-4 months of the “busy season” off from studying, he was also using Becker CPA Review, which BDO provided for him.

“With working and studying and using Becker, I really wasn’t able to pass,” he says. Simply put, he found Becker and its 5-hour lessons to be unrealistic and overwhelming given his busy work life.

Just Not Working

One thing that’s very important to Ryan is maintaining a good work/life balance and he strives to keep his family and friends as a priority. “Becker had no timeline and I was just lost on where to start,” he says.

After a couple years and several failed exams, Ryan recognized that he wasn’t making progress and his career may be in danger of hitting a dead end, as he wouldn’t be promoted to a manager within BDO without his CPA license.

The Switch

That’s when Ryan left BDO to join private accounting firm Great Lakes Dredge & Dock as a Financial Reporting Analyst. The career switch proved to be the right move at the right time, as it freed up the time Ryan needed in his schedule to focus on his studies. No longer saddled with Becker, Ryan also switched to using the Wiley CPAexcel CPA Review Course.

Within a year at the firm and using Wiley, Ryan was able to pass all four parts of the CPA Exam.

His Winning Strategy

Ryan found Wiley’s Bite-Sized Lessons to be a perfect fit for his new work life.

“For me, it was the shorter lessons where you could get that green checkmark checked out,” he says. “When you only have a half hour to study, it’s easier to complete one of those little section.”

“I would study during lunches, which was definitely effective for me and it was good to know I could knock out two or three lessons in one day and then not really do much the next day and still be on track,” Ryan says.

Ryan also was very precise in scheduling out his study time based on his work schedule and social life, as he did his best to contain his studying to his available time at work. “I also tried to pack all of my studying into the week and while at work so I could have my weekends,” he says. “I really tried to make it realistic instead of saying ‘OK I don’t have a life.’ That wasn’t going to work for me”

Studying roughly 10 hours a week by his estimation, Ryan was able to final overcome the CPA Exam.

Next Up?

After finally passing the CPA Exam, Ryan accepted a new position with BDO and made his return to public accounting, where he wanted to be.

He also wants to make good use of the time that’s been opened up by him no longer needing to study for the CPA Exam. “I don’t have the CPA looming over my head anymore in public accounting so I can get promoted to a manager,” he says. “Now I have the time to get much more involved and go to networking events and recruiting events.”

Ryan also hopes to be promoted to a manager position soon and maybe someday become a firm partner.

His advice to others struggling with the CPA Exam? Find a realistic plan and make the process as manageable as possible within your work and home life.

 

5 Comments

  • Kim |

    Thank you for sharing this encouraging story. I too have been completely overwhelmed with the CPA exam, especially now that the exam has changed. Having graduated in 2012, I have yet to successfully complete a single section. The 10 hour study week is far less than what I have been doing. I have work, a wonderful husband, children and need to have a life with some balance. I’d all but given up earning my CPA credential and figured middle management with 156 college credit hours was going to be my future. You’ve given me hope. I am seriously considering purchasing your study materials. Thank you!

  • Emilly |

    CPA to be

  • Keith Lorino |

    that is very inspirational; however, I’m am in mid 40’s and feel it is too late for me to expand my career. I am taking classes towards my degree, and cannot even get any experience. I still have interest in taking the exam, but slowly the excitement of taking the exam is disappearing.

    1. Adam Wade Post author |

      Hi Keith – changing careers is always difficult, no matter your age. If you like/love accounting and see a future in it, you can make it happen if you just break down the process into small steps and do them one step at a time. It sounds like you’re doing that now with school. The best advice I can give you is to ask your professors for help in making the shift. They’re there to guide you and might be a nice lead on job opportunities in the future. We wish you the best of luck! Adam

Leave a Comment

* Required