Long story short – you should sit for your exam after graduation. Trust us.
Graduation is an incredibly exciting time. You have finally finished up your full-time or part-time academic course load and no matter whether you earned an Associate’s Degree or Bachelor’s Degree, you’re ready to move forward either toward pursuing graduate school or gaining work experience. However, if you’re working toward obtaining an accounting or finance-related credential – whether you’re a CPA candidate, in pursuit of your Enrolled Agent license, or interested in any of the other designations out there – you might want to start studying up on the exam content for whichever designation you’re going for.
1. The information is fresh in your mind.
Think about it: you probably didn’t realize that you just finished learning about a lot of the exam content in your classes. Take advantage of the fact that you already have a firm understanding of a good amount of the study materials having simply fulfilled the education you were already working towards.
*Pro tip — If you’re a super motivated high school student, you can start studying for your Enrolled Agent exam; you don’t need to fulfill any education requirements to become an EA!
2. You’re already in study mode.
Multiple-choice questions, exam reviews, testing centers, study materials – none of these are new to you as a student getting ready to graduate. You’re just coming out of a long run of constant reading, studying, and testing. Instead of completely abandoning the level of concentration you’ve spent so much time building up right after moving your tassel from right to left, use that work ethic to begin your application process and register for the exam of your choice.
*Pro tip — Even though you’ve learned a good amount of information during your Associate’s degree, Bachelor’s degree, or graduate school program, be sure to choose a reputable Exam Review to ensure you’re covering all the relevant exam content you need to.
3. You’re more likely to pass your exam the first time!
Did you know if you sit for your exam closer to your graduation date, you have a really good chance of passing on your first try? It’s true! For example, over 75% of students who sit for their CPA exam within 140 days of graduation are very likely to pass all four parts of the CPA Exam the first time. Waiting longer than 140 days can significantly impact your ability to pass.
Less than 60% of students who wait over 290 days after graduation to sit for the CPA exam pass all four parts. Less than 50% of students who wait over 370 days to sit for the CPA exam pass all four parts. Finally, less than 42% of those who wait 400 days or more to sit for the CPA exam pass all four parts. While these statistics are unique to the CPA exam, you can imagine they’re not limited to only the CPA designation.
*Pro tip — Start studying with the review course of your choice before graduation to make sure you’re ready to sit for your Exam. The best review courses are constantly updated and include the latest exam content you’ll need to cover, but the advantage of studying while you’re still in school is that you can ask your professors questions on topics you’re struggling with.
Need help picking an Exam Review?
Let us know in the comments!