What to do after CPA?

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  • #2471391 Reply
    jenpenjenpen
    Participant

    Hello hello! I am looking for some advice, but first I’ll give a little background…I have been working in accounting for 5 years. First 4 in a small CPA firm doing everything from audit to tax to payroll, 1 year in a midsize firm as tax staff, and now I am at a family office as a tax and advisory senior. I have my MBA and finally passed the CPA last year.

    Now that I’ve been done for awhile, I’m starting to feel that itch to study or go back to school, but I’m not really sure what I should do. My husband suggested maybe the CMA exam, and I think that would be a good option. It won’t help me in my current job, but could potentially be useful in the future. Are there any other designations I should look at? I would appreciate any and all advice!

    AUD - 85
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    Ethics - 95
    Licensed in IL & MO
    #2472792 Reply
    Mae
    Participant

    I have the same problem. After a year or two of no studying or schooling, I get bored and start looking around for something.

    I just signed up for some graduate classes in accounting analytics. I think Data Science is going to be a field that will grow and become a way of life in the future of accounting.

    Good Luck on your search!

    #2473182 Reply
    Akashi
    Participant

    I am in a somewhat same but a different position. I have been working as a financial analyst for 9 years now. I have MBA/ACC and BS/BA. I was told today by a placement agency that it will be hard to place me as a staff accountant even after I have my CPA. I will have to work internally and see if I can get promoted to an accounting department to gain the accounting skills i need. I am quite nervous after hearing that. Here I am working hard to get a CPA and now I don't even know if it will be useful. If anybody has any suggestions as to wat my odds will be after passing CPA, I will greatly appreciate. Thanks. Utpal

    #2481405 Reply
    B4BeanCounter
    Participant

    Going for CMA. Much cheaper alternative and less time-consuming than a MBA.

    AUD - 86
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    "The brick walls are there for a reason. The brick walls are not there to keep us out; the brick walls are there to give us a chance to show how badly we want something. The brick walls are there to stop the people who don't want badly enough." - Randy Pausch, The Last Lecture.
    #2481444 Reply
    Skynet
    Participant

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    World Domination Plan

    Phase I : Pass CPA Exams - Complete
    Phase II : Megan Fox - In Progress
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    Phase V : TBD

    #2484615 Reply
    NoName
    Participant

    I am going through the same debate in my mind.

    It seems like with an MBA the school you go to really matters (eg the networking opportunies). Is going to a no name school even worth it?

    The CMA is heavily finance focused.

    I am teetering back and forth since the CPA process is nearly complete but yes I am also starting to get bored.

    REG - 93 90% Gleim MCQ/book + 10% Wiley MCQ

    BEC - 79 100% Wiley MCQ/book

    FAR - 88 100% Gleim MCQ/book + Ninja Audios

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    Licensed CPA as of 2019

    CMA Pt 1  400  100% Gleim MCQ/book

    CMA Pt 2  Pending Score

    #2484744 Reply
    Bobsacajawillie
    Participant

    Akasbi, please elaborate as it seems like getting a staff accountant position would be a walk in the park with all of those qualifications>

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    Fly you fools!
    #2485014 Reply
    jenpenjenpen
    Participant

    @Phil – not sure about all of that, but I wasn't relying on my MBA for anything. I simply obtained it (from an online, no-name school) as a means to an end. I needed a degree with the right accreditation (my undergrad didn't fit) in order to take the CPA exam. I knew that once I got my CPA, it really wouldn't matter where I went to school, and it seems to have worked out for me so far. If you are going to use the MBA in order to advance your career, then a different approach might be necessary.

    I noticed that with the CMA. I think more in-depth finance would help me in my current role and likely in the future with my current direction. I think once I can wrap my mind around the cost of the exam, I will probably work on this one unless I find something better.

    AUD - 85
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    REG - 78
    Ethics - 95
    Licensed in IL & MO
    #2485017 Reply
    jenpenjenpen
    Participant

    @B4BeanCounter – Have you begun studying yet? Just wondering what the materials look like compared to the CPA prep. Have you selected a study program?

    BTW – I love your quote. I have watched that speech many times and have read the book, too. I'm overdue for a re-read…maybe I'll do that soon.

    AUD - 85
    BEC - 84
    FAR - 82
    REG - 78
    Ethics - 95
    Licensed in IL & MO
    #2485305 Reply
    B4BeanCounter
    Participant

    @Jennifer – I've just registered for Part 1 of the CMA exam (Wiley). I used Becker for the CPA exam. I'll be taking in early September and YES! Randy Pausch is one of the poeple I look up to!

    AUD - 86
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    FAR - 87
    REG - 84
    "The brick walls are there for a reason. The brick walls are not there to keep us out; the brick walls are there to give us a chance to show how badly we want something. The brick walls are there to stop the people who don't want badly enough." - Randy Pausch, The Last Lecture.
    #2485518 Reply
    Biff TannenBiff Tannen
    Participant

    Sit by the pool and drink margaritas

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    “An investment in knowledge pays the best dividends” - Benjamin Franklin
    #2485530 Reply
    jenpenjenpen
    Participant

    I'll be curious to hear about your experience. I was looking at either Gleim or Surgent. I did not have great luck with Wiley for the CPA, so would try to avoid having a repeat with the CMA. It would be great if Ninja would come out with a CMA review course, since that was what I relied on and finally achieved success with for the CPA.

    AUD - 85
    BEC - 84
    FAR - 82
    REG - 78
    Ethics - 95
    Licensed in IL & MO
    #2486334 Reply
    aaronmoaaronmo
    Participant

    My opinion…go after something computer science related, or data analytics. If you ever want to go to a private, or get into consulting at a larger firm, that has real value. You're already perfectly situated to progress where you are.

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    Aaron and always remember, YMMV

    I profit from your CPE frustration. You're welcome.

    #2488263 Reply
    NoName
    Participant

    Funny enough I was in an interview today and it focused on data analytics (job was financial analyst but really it was more like a data scientist or something of that nature).

    It looks like a lot of that leans on learning programming languages such as SQL, Python, etc.

    I am actually pretty decent with SQL and started looking into Python.

    REG - 93 90% Gleim MCQ/book + 10% Wiley MCQ

    BEC - 79 100% Wiley MCQ/book

    FAR - 88 100% Gleim MCQ/book + Ninja Audios

    AUD - 85 100% Wiley MCQ/book + Ninja Audios

    Licensed CPA as of 2019

    CMA Pt 1  400  100% Gleim MCQ/book

    CMA Pt 2  Pending Score

    #2488281 Reply
    NoName
    Participant

    @ Jennifer

    No disrespect intended.

    I think we are actually in completely different situations as my major is Business (accountancy focus). I have the typical background of someone in accounting and went into the public accounting right out of a college.

    I was posing the “no name MBA school” as a general question and mainly directed at myself.

    I have known plenty of folks who went to a local school in my area (which is a no name) and are doing fine with an MBA. This whole topic is hotly debated when it comes to an MBA…. It's the old “do it right or don't do it at all” thought process (and everyone has an opinion in between).

    REG - 93 90% Gleim MCQ/book + 10% Wiley MCQ

    BEC - 79 100% Wiley MCQ/book

    FAR - 88 100% Gleim MCQ/book + Ninja Audios

    AUD - 85 100% Wiley MCQ/book + Ninja Audios

    Licensed CPA as of 2019

    CMA Pt 1  400  100% Gleim MCQ/book

    CMA Pt 2  Pending Score

    #2489082 Reply
    jenpenjenpen
    Participant

    @Phil
    I didn't take your response as anything negative. I was simply explaining why I went to a no-name school to get a degree that (in my eyes) ultimately wouldn't matter. 🙂 I feel like MBAs are everywhere these days, so it's not something that would help me stand out, even if I went to a great school for it. Plus, at the end of the day, it isn't really relevant to tax accounting which is where much of my focus is. So meh. Whatever. A lot of wasted time and money all so I could get my CPA. 🙂

    IT stuff is really not in my wheelhouse. My husband is a sys admin and talks to me all the time about a lot of that stuff. It's all Greek to my ears.

    AUD - 85
    BEC - 84
    FAR - 82
    REG - 78
    Ethics - 95
    Licensed in IL & MO
    #2489091 Reply
    chandler
    Participant

    Hi Jennifer,
    Here a link with some credentials that are offered in conjunction to those already having a CPA license:
    https://www.aicpa.org/membership/join/credentials.html
    I think ABV & PFS tend to be the most useful if you're working in public accounting (and not specialty). Whatever you do, just make sure to check out if you can meet the experience requirements for what you pursue. I've been back and forth on trying to take the CFA exams, but ultimately have held off since I couldn't meet the experience requirements with my position. Good luck with whatever you decide.

    Chandler Priest

    Licensed TX CPA

    REG 01/27/18 - 98

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    AUD 04/07/18 - 91

    FAR 06/02/18 -96

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