Graduates with an Accounting Degree Will Almost Always Land a Stable Job
The accounting profession is one with a lot of opportunity for growth and can lead to a long and successful career. Every business and industry has an accounting aspect to it, which means there is a growing demand for accounting graduates. In fact, employment of accountants is expected to grow 16% from 2010 to 2020 according to the Bureau of Labor Statistics.
Your pursuit of accounting can also lead you in many directions. Want to work in Hollywood? Movie studios need accountants. Want to run your own business? You can start your own firm or use your accounting knowledge to become an independent consultant. The opportunities are endless. The average person changes careers at least twice in their life. Being an accountant can provide you the opportunity to pursue all of your interests without truly changing careers. But if you want to take full advantage of those opportunities, you are going to need to obtain the coveted CPA license.
Every state is allowed to set its own requirements for CPA licensure. Thankfully, most of them have adopted the same or similar requirements through the National Association of State Boards of Accountancy. As such, most states now require at least 150 hours of education and in some states, specific accounting courses are required. For many, this will require you to obtain a Master’s degree to reach the 150 hour mark. Once you meet the education requirement, most states will allow you to apply to take the CPA Exam.
The most difficult part of becoming a CPA is passing the CPA Exam. It is recommended that exam candidates spend more than 400 hours studying for the exam’s four sections and it can take more than a year to study for and pass the exam. Because the CPA exam is considered one of the most difficult professional exams in the world, most examinees wisely choose to take a CPA Review course to help them study and learn about the CPA Exam. These CPA Review courses can prove extremely helpful in mastering the content on the exam and in providing test-taking strategies.
The exam is broken down into four sections, can be taken one at a time during exam testing windows. Candidates can take one or all four parts in any exam testing window. Many examinees also work full-time while they are studying for the exam, so most CPA Review providers offer an online CPA review course as well as other flexible options. The online platform provides the convenience and flexibility needed to maintain a work, study and life schedule.
Once you pass all four parts of the CPA Exam and meet your state’s experience and ethics requirement, you will be able to finally apply for and obtain your CPA license.
Of course, your education isn’t over yet. You will need to obtain a set amount of continuing professional education (CPE) credits every few years. These CPE credit requirements are set by each state.
Overall, the CPA license can open a lot of doors in your career. It will take some hard work to get there though, so be sure you have a network of mentors and professionals to help you through it.