If you want to go for management or consulting, then MBA is best for you. Other career paths include investment bankers, securities analyst, and venture capitalist to name a few, (you might want to consider a CFA vs MBA debate). On the other hand, those who are interested in reviewing and auditing financial statements should choose CPA. Other career paths include CFO, controller, taxes, financial analyst etc. CPAs are increasingly chosen for the posts of CFO and Financial Controllers. That’s a major win for CPA in CPA vs MBA battle.
However, looking at one of the important aspect, today’s world demands skills beyond the financial expertise. Businesses accelerating in the worldwide marketplace, professionals will also need expertise outside accounting as well, for instance economics and Government regulations. Some of these are also in MBA but almost all are part of CPA.
On the other hand, CPA gives you just as much knowledge about finance as an MBA does, with a touch of Audit and Regulation if you like adventures at work place then CPA is ideal for you. Subjects include accounting, financial accounting, auditing, accounting information, estate planning, personal financial planning and income tax.
For candidates the good news is that the majority of the states require one fifty hour’s college credit to take the CPA exam, so those who are pursuing their MBA degrees can also prepare for the CPA exam. You can choose an MBA degree and study for the CPA and assure another educational asset.
Whatever your career goals are, the most important thing to remember is that things are valuable when they are scarce. Streets of almost every country are now flooded with MBAs but it still is difficult to come across a CPA even for corporations. These three CPA VS MBA comparisons can help you in choosing your career. You can think of all the aspects and can come up with something that makes sense for you and your goals to achieve the success.
Check out our training course for CPA, in case you decided to be the rare fish.
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