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CPA Benefits

A Certified Public Accountant, (CPA), is a trusted financial advisor who helps individuals, businesses, and other organizations plan, and reach, their financial goals. CPAs are multi-talented professionals who perform a mix of highly-specialized job functions including auditing, business and management consulting, international financial reporting, and tax advisory services.

Almost every business encounters a financial situation at some point when it could benefit from the services of a CPA. In addition, CNNMoney.com, which ranks the “hottest” jobs based on “great pay and superior growth prospects” and “work that's meaningful,” puts CPA as number six on its top-ten list. If these reasons are not enough, here are a few more benefits of becoming a CPA:

Opportunity
According to the AICPA, 75 percent of today’s CPAs—by and large the baby boomers—will be retiring within the next 15 years. As they leave full-time active practice, the demand for qualified CPAs to fill the ranks will continue to increase. A side effect of an aging population in general is an increased need for CPAs to assist in retirement planning.

Recognition
Being a CPA means you invested time and energy into becoming among the most educated in your profession. Along with MDs, PhDs, and JDs, the CPA designation is recognized as a mark of excellence and accomplishment. Current pass rates for the CPA exam suggest it is one of the most difficult professional licensure exams in the U.S.

Advancement
There are some positions - such as auditor – where a CPA is a must for advancement. Without it, you might be limited to staff-level jobs supervised by a CPA. This becomes even more important as professionals, throughout their careers, look to climb the corporate ladder in the accounting and finance vertical.

Earning Power
According to Beck Professional Education over the course of a 40-year career, a CPA can earn as much as $1 million more than a non-certified accountant.

With so many advantages, and no end in sight on the demand for CPAs, consider this important designation as you plan your career future.