There are roughly 669,130 licensed and active Certified Public Accountants (CPA) in the United States.
However, the number of newly minted professional accountants has either remained stagnant or is dwindling. With the demand for a professional accountant in the financial industry so high, becoming a CPA has never been as attractive.
Many perks come with becoming a certified public accountant. In this article, we’ll dive deep into these benefits. If you’re considering getting certified or still unsure, keep reading and find out what a fantastic world is waiting for you when you become a CPA.
High Salary Potential
To be honest, high earning potential is always a huge factor when determining what career path to take. We all want a career that gives us what everyone wants, financial stability. When it comes to accounting, it’s only natural to ponder on the future and income potential.
Accounting is a profitable career for those who are qualified, with a CPA in the United States earning an average income of $119,000 per year, excluding incentives.
Having a CPA license also provides access to more perks, whether in the form of greater benefits for higher-ranking employment or through negotiation leverage. Because CPAs are in higher demand than non-CPAs, they may negotiate better perks, such as flexible work hours and vacation time.
Prestige and Respect
Prestige City Sarjapur without a doubt, there’s a certain level of respect that a certified public accountant commands. While the typical individual may not comprehend the ins and outs of accounting, they are well aware of the role of a CPA. The certified public accountant is a well-respected career, both in and out of the finance industry.
After years of academic and technical study – including passing the difficult CPA Exam – a CPA’s ethics and character are put to the test throughout many years of on-the-job training. A person attains a degree of competence and proficiency above that of a “regular” accountant, giving them the title of CPA.
Also, when certified, knowing how grueling the process is, your peers alike will accord you the respect you deserve. This sends a message to all around you that you know you’re doing.
CPAs are Needed in Every Field
Job security is a bare requirement for every person. When figuring out your future, you need to account for the relevance of your chosen career path. In this modern world, many previously thought of as great careers have been rendered redundant and obsolete.
Becoming a CPA offers satisfaction and peace of mind knowing that the job is almost required in all fields and industries. There has been a scarcity of CPAs since 2002 when the Sarbanes-Oxley Act was adopted to protect investors from fraudulent accounting practices.
There are countless opportunities to find gainful employment, from working for the government to a big corporation and calculating expatriate tax for not-for-profit organizations.
Most corporations look to hiring a CPA as their Chief Financial officer. Also, as a junior business accountant with a CPA, you have greater chances of earning a promotion to higher positions in the company.
Also, with an aging baby boomer population, most of them are retiring. This means more and more job positions are opening up. There’s no better time to become a CPA than now.
Enjoy a Flexible and Expanded Career Opportunity
Becoming certified as a CPA opens your career to a wide range of employment opportunities. If you aspire to work internationally, it’s in your best interest to get certified.
You’ll be eligible to work for both large and small public accounting companies, and you’ll be able to create your own accounting business with your own clientele. The options for a career are virtually limitless.
Another key benefit of getting certification is the flexibility it offers. Substantial technological advancements have made it possible to work from remote locations.
You can enjoy the marvels of the world and still make deadlines. As shown by the rise of COVID 19, flexibility is essential to the survival of any career. Gone are the days that you have to be present in an office to do your job.
You can be sipping margaritas on the shores of the Caribbean while the next minute you’re attending a partner’s meeting virtually
Professional Independence
As a certified CPA, you have all the necessary prerequisites to branch out and open your own accounting firm. Also, you can become a founding partner or member when branching out. Freelance CPA jobs have become very popular as companies are opting out of hiring in-house accountants.
It’s also a necessary stage in the career of experts who wish to leverage their services and reputation. People interested in corporate leadership will enjoy the information and abilities required for the CPA certification. Furthermore, CPA accreditation provides a firm basis to become an entrepreneur.
Sense of Accomplishment and Satisfaction
After completing your certification, you get a sense of accomplishment knowing that you finished where many others didn’t. It can be challenging and extra stressful while studying and sitting for the certification exam. But the satisfaction that comes with it is worth it.
Also, with high salaries and better incentives such as bonuses, CPAs are one of the satisfied people in the nation.
Start Your Journey Towards Becoming a CPA Today
There’s no better time than today to achieve your dream of becoming a CPA. Enroll for CPA certification and increase your chances of leading a highly satisfactory job.
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