Is CPA Certification Really Equal To an MBA?
Is CPA Certification Really Equal To an MBA?
Love arithmetic? If a person does and he wishes to pursue maths as a vocation, then it would be best for him to take up a finance course, probably one that concentrates in accounting, since accounting is basically all about numbers. So, does he take up a course that is prerequisite to a certified public accountant's license? For most aspiring accountants, this is the way to go. But there are some that argue that there is an even better way, and that is through taking up a Master of Business Administration or MBA course, majoring in accountancy.
Which path is proven to be the best to take? Hopefully, this article helps in guiding through aspiring accountants in taking the right course.
CPA vs. MBA in Accounting
So, what is the difference between pursuing for the certified public accountant's license and taking up an MBA in accounting? Here is a quick view of each:
CPA Certification - to get certified as a CPA, one needs, first, to take up a prerequisite college course, such as accounting, finance, taxation, economics, or business, for four years. Afterwards, the aspiring CPA goes through the CPA licensure exam, which he should take within one and a half years upon finishing his college course. Then, he should be able to garner 150 hours worth of working experience. Once these are all completed, this is only when the aspiring accountant gets his certification as a certified public accountant. And then, to maintain his license, he has to take further studies in accountancy every year, to show that he intends to constantly update himself of the trends in the industry.
MBA in Accounting - just like any MBA courses, one basically just takes up this course in a graduate institution after finishing his four year college course, preferably one that also concentrates in the finances. He could opt for the full time MBA program that takes about two years to finish, the part time MBA for three years or the accelerated MBA that has more intensive lectures and exams. This will also focus on accountancy; only, there will be business aspects that will be taught, too.
Thus said, we could say that the main distinction between vying for a CPA certification and an MBA in accounting is basically what goes on after the aspiring accountant graduates from college. Either he go for the CPA certification exams and experience, or take up further studies via an MBA in accounting.
The Best Way
Opt for a CPA certification. Why? Most experts as well as veterans in the field testify that it is the best way to gain your mark in the industry as a tried, tested, and trusted accountant. But if the aspiring accountant would aspire for more than accounting positions, say, one that will lead him to career positions such as managerial or executive ones, he may want to take up the MBA in accounting after he has established his career as a CPA. Anyway, the MBA will always qualify as a fulfillment of the continuing education requirement that is needed to keep the CPA license.
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