Pursuing an accounting credential is so much more than working with numbers – getting an accounting certification has the potential to change your life for the better.
1. Add skills to your resume.
If you’re a student approaching college graduation, a recent university graduate or you’re a working professional on a career path that isn’t necessarily within the ranks of finance professionals – but you have an interest in learning how an accounting designation can benefit your career – gaining accounting experience will undoubtedly add to your skillset. For soon-to-be or recent college grads – any and all work experience with finance professionals will allow you to add to your ever-growing resume and get a better idea of what an accounting firm or another professional environment is like, while simultaneously fulfilling experience requirements. Working professionals thinking about obtaining an accounting credential will have to do some additional research to see exactly what education and work experience requirements they will have to fulfill before pursuing a credential; most accounting credentials require a two-year degree or Bachelor’s Degree in accounting or finance – so double check that you have either completed all necessary educational prerequisites or that you’re able to fulfill them with your schedule. Once you’ve verified that you’re ready to take on any additional education and work experience, you’re on your way toward your CMA, CISA, CPA license or any of the other accounting certifications.
2. Help businesses and individuals.
Future Certified Public Accountants or CPAs, Certified Management Accountants or CMAs, Certified Internal Auditors or CIAs, Certified Information Systems Auditors or CISAs, Enrolled Agents or EAs, Certified Fraud Examiners and any one of the other accounting professionals out there also have the ability to use their knowledge of accountancy to provide support to small and large businesses or individuals. This support stretches far beyond corporate accountability or financial reporting and financial accounting – your support as an accounting professional could mean the difference between a big business avoiding an auditing scandal or an individual getting more money back on their tax return. Your work as a finance professional can result in both large and small victories.
3. Increase earning potential.
Finally, an accounting designation can significantly increase your earning potential. Many positions within the accounting industry are highly sought after and demands for some of these accounting credentials are steadily increasing. It’s important to keep in mind that earning potential is contingent upon work experience, location in the United States or another country around the world, and the demand for the specific position in your area. Do some research to learn about some of the most in-demand finance positions and find out how much you can make if you choose to pursue the career path of a finance professional.
The best accounting certifications are the ones where you can use your skills and expertise in accountancy to make positive differences in your role. Whether you’re motivated to earn an accounting credential in order to progress professionally, to ear more money, or to help others – an accounting designation can be both beneficial to your professional career and personally fulfilling.
Are you thinking about becoming an accounting professional?
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Joshua “JJ the CPA” Jenson: Joshua Jenson, CPA, here. My friends and clients call me JJ the CPA and I want to talk to you today about how three little letters can have a huge impact on your career.
So, whether you’re a student thinking about your future, a student on the verge of graduation, or a working professional looking for a career change – you’re most likely weighing your options thinking about all the prospective career paths you can choose from. Well, if you have an affinity for numbers, a reputation for your accountability and integrity, and work ethic that doesn’t quit – like me – you should definitely consider earning any one of the accounting designations out there.
There are quite a few accounting certifications to choose from, so it’s super important that you do your research to figure out how much time, money, and effort you’ll need to put forth on your path toward becoming a finance professional. You should check out this video to hear a brief breakdown of each credential we recommend pursuing and how much work experience you will need, the number of credit hours necessary to complete in your education process (if you haven’t already), and how much study time the ExamMatrix Experts recommend completing before you’re ready to take your respective exam.
So, check this out, we’ve got certified public accountants, certified management accountants, certified internal auditors, certified information systems auditors, enrolled agents, certified fraud examiners, chartered financial analysts, chartered accountants: all of these positions have associated experience requirements and – in some cases – professional education requirements before you’re able to sit for your exam. Make sure you have enough time to dedicate to pursuing the accounting designation of your choice. The road to becoming a CPA, EA, CMA, CIA, or CISA – or joining the ranks of any of the other many accounting professionals – will take some time and effort, but can be really beneficial to your career.
You’re probably asking – JJ, how exactly can 3 little letters impact my career?
First of all, it never hurts to add more skills to your resume. Students coming out of school still have a ton of learning to do, work experience to fulfill, and experience requirements to pursue. If you’re a student, get your foot in the door of an accounting firm or a place of business for whatever accounting designation you’re interested in to see what these finance professionals do on a daily basis. Being in a professional environment will help you figure out that career path that is good for you – while allowing you to gain some work experience in the process!
Professionals looking for a career change have the ability to gain invaluable knowledge and add to their skill set by pursuing an accounting designation. On the other hand, professionals looking to move up in their workplace have the potential of reaching a C-Suite by adding a credential to their resume! Did you know – check this out – according to a recent study from Spencer Stuart about 36% of executives have their CPA license? Three little letters can make a huge difference in your professional career.
Second of all, earning an accounting designation could mean more dollars in your pocket. Now it’s important to keep in mind that salaries vary from state to state, city to city of course, and depend on your level of expertise – but earning an accounting certification puts you in a great position to make a pretty decent amount of money. For example – a 2019 study from Robert Half found that an accounting professional with a CIA designation and anywhere from 1-3 years of experience can earn anywhere from around $58,000 to $95,000 a year. They also found that someone with a CPA and 1-3 years of experience can earn between $47,000 and $91,000 a year! Check this out – CPAs in upper-level positions can earn anywhere from $74,000 to $212,000! Sounds pretty good, right? Three little letters cost some time and money to earn but you can yield a pretty great lifelong return on your investment.
Lastly, you can use your skills to help individuals and businesses – that’s what I love. When you think of a finance professional, you probably think of numbers and money right off the bat. In reality, all accounting professionals have the opportunity to either help individuals or help large businesses in different ways. If you decide to pursue a career in public accounting or financial planning, you could be that person that helps an individual with no financial knowledge take advantage of their finances. From helping people complete tax returns to providing other financial services, your expertise could mean the difference between someone just working for their money or someone making their money work for them.
Individuals working with a business can use their expertise to help all kinds of companies of all sizes remain accountable. From risk management to financial management, and every other position beyond and in between – you can use your skills to keep businesses on track inevitably helping them grow as an organization.
Three little letters can be incredibly rewarding.
I got a question for you – which accounting designation are you going to go for? Let us know in the comments!
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