Typical Benefits of Being a CPA
There are many hidden advantages to becoming a CPA. You probably already know about the typical benefits of being a CPA: the great salary; the opportunity to change industries; the ability to start your own CPA firm; industry recognition, and more. But there are a lot of hidden benefits when you’re a CPA that you may not be aware of.
Financial Knowledge: A Personal Advantage
First, the knowledge you gain as a CPA can prove financially beneficial to you. As a certified public accountant, you know how to properly file taxes and understand the latest laws and regulations, allowing you to capitalize on them and save yourself the most amount of money on taxes throughout your life. If you work for a CPA firm or have your own practice and process a large number of tax returns, you see and review so many of them that you know the best way to claim and categorize funds.
Helping Family and Friends Save Money
You can also share your knowledge with your friends and family. Helping them save money will help you earn respect and the potential for future paying clients in the future. Most other occupations don’t offer this kind of opportunity.
Opportunities to Serve in Your Community
If you’re interested in volunteering for a community organization or serving on its board of directors, there are lots of opportunities for you. Nonprofit organizations are always looking for qualified CPAs to serve on their boards. This is a great opportunity to give back to your community using the skills you obtained for your profession.
Exploring New Industries as a CPA
You also have the opportunity to gain knowledge in a new industry without having to change careers. Want to explore the movie industry? You can seek a job as a CPA for a movie or recording studio or even have a producer or cast member as a client. As a CPA, you can explore just about any industry you desire—from forensic accounting to tech startups to global finance.
Job Security and Geographic Flexibility
Additionally, because of the current marketplace demand for CPAs, you can relocate to just about any town in the United States and quickly land a job. The demand for CPAs and accountants continues to rise. According to the U.S. Bureau of Labor Statistics, the accounting field is projected to grow 4% from 2022 to 2032, adding about 67,400 jobs each year on average BLS Source.
Meeting the Requirements to Become a CPA
Of course, to become a CPA, you need to meet certain requirements, including the proper education and experience to take and pass the CPA Exam, which is considered one of the toughest exams in the world. You can, and probably should, spend more than 400 hours studying for the CPA Exam’s four sections. Most students opt to take a CPA review course to assist them with their studying. These courses can prove extraordinarily useful in determining the content you should focus on and in providing essential test-taking strategies.
The CPA Exam: A Challenging Milestone
Becoming a CPA is not an easy task. But the benefits—both realized and hidden—can be a great opportunity to give back to your community, family, and friends. It takes commitment, professional development, and hard work, but it’s one of the most rewarding certifications in the accounting profession.
Average CPA Salary and Earning Potential
One of the most attractive benefits of becoming a CPA is the earning potential. According to the AICPA 2023 Salary Insights report, the average CPA salary in the U.S. is $119,000, and those with 20+ years of experience often earn $150,000+ AICPA Source. CPAs consistently out-earn their non-CPA peers across most industries and roles. The CPA credential is considered a gold standard in the business world, commanding higher salaries, better job opportunities, and greater job satisfaction.
Long-Term Career Growth Opportunities
The CPA career path opens doors to long-term advancement. Many CPAs transition into leadership roles such as CFO, controller, or managing partner at top accounting firms. The CPA license is often a prerequisite for upper-level promotions, making it a valuable asset for career growth. With professional development and continuing education, CPAs can move into consulting, academia, or even entrepreneurship.
Prestige and Trust Factor in the Profession
Being a CPA sets you apart. It’s a respected and prestigious title that signifies expertise, ethical integrity, and commitment to excellence. When businesses or individuals seek financial advice, tax planning, or auditing, they look to certified public accountants because of the trust associated with the CPA certification. Clients and employers alike value CPAs as knowledgeable professionals who are committed to staying current with complex laws and evolving business practices.
Remote and Flexible Work Possibilities
Another hidden benefit of the CPA profession is the increasing flexibility in work arrangements. Many accounting roles today, especially in tax, audit, and advisory, allow for remote work or hybrid schedules. This opens up access to national and global opportunities while maintaining work-life balance. Especially for those who freelance, run their own firms, or work in niche areas like forensic accounting, remote work is not just possible—it’s often preferred.
CPA vs. Other Accounting Certifications
There are several accounting certifications available, but the CPA certification stands out for its rigorous standards, widespread recognition, and versatility. While credentials like CMA (Certified Management Accountant) or CIA (Certified Internal Auditor) have value, they are often more specialized. The CPA license, by contrast, allows for broader practice rights—especially in auditing and tax representation—and is required by law for many public accounting roles. Simply put, when it comes to credibility and career opportunities, the CPA is unmatched.
Unlocking Hidden Opportunities as a CPA
Of course, if you prefer, it can be a great opportunity to advance your career and enjoy a more flexible, fulfilling lifestyle. Whether you’re supporting your community, building a business, advising clients, or exploring the entertainment industry, being a CPA creates a unique platform for personal and professional success.
Start Preparing for the CPA Exam Today
Ready to take the next step? Start preparing with our CPA Exam Study Guide for expert tips, exam strategies, and resources to help you pass the CPA Exam on your first try.
