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Four Reason to get Your CPA

Certified Public Accountants don’t just maintain financial records and analyze numbers. In our current challenging and dynamic economic climate, CPAs are needed to make sense of increasingly complex financial transactions -- from buyouts to grappling with changing tax laws.

However, some working professionals and college students in the field of accounting & finance wonder: Is becoming a Certified Public Accountant worth it? Most working CPAs would answer this question with a resounding yes! The following are four benefits to getting your CPA license:

          1. Professional Recognition
Being a CPA means you invested time and energy into being 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.

          2. Greater Compensation
According to the AICPA, CPAs earn 10-15% more than non-CPAs. Over time this difference in earning power can really add up. Becker Education reports that over the course of a 40-year career, a CPA can earn as much as $1 million more than a non-certified accountant.

          3. Competitive Edge
The CPA commitment to continuing education provides a competitive edge in your career. Employers value professionals who maintain their skills and learn new competencies. Additionally, there are some positions - such as auditor - where a CPA is a must for advancement. Without it, you are 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.

          4. Higher Employment
CPAs enjoy a higher rate of employment. Bisk CPA Review reports that CPAs have an unemployment rate that is about half of the national average and 1/3 less than finance professionals without a CPA license. Even the Bureau of Labor Statistics notes that a CPA license improves job prospects with the accounting profession.

By all accounts there are many advantages to getting and maintaining your CPA license. And, with no end in sight on the demand for CPAs, now is a good time to consider this important designation.