Video answer: Cpa qualification vs mba degree: which is better?
Top best answers to the question «What is better a cpa or mba»
Choosing between an MBA and CPA boils down to your professional goals, aptitude and personal interests. An MBA may be ideal if you plan to move into a leadership position and develop management skills while a CPA license is also highly respected and demonstrates your expertise in accounting or finance.
If you are interested in management opportunities or general business consulting, then an MBA would be the better choice. On the other hand, if you are strictly a “numbers cruncher,” you should become a CPA, especially if you want to work for a big four accounting firm.
Video answer: Cpa vs mba
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On average, it takes 2-3 years to complete an MBA program. Becoming a CPA takes longer is much more involved. You must have completed 150 undergraduate credit hours and some states require that you must also have a given number of hours worked under the direct supervision of a CPA.
Whether you are a college student planning out your career track or a seasoned professional seeking to elevate their position, a CPA or MBA may be a good option for your future. Both are highly-recognized accomplishments that can improve your job prospects and earning potential.
While CPA is best suited for candidates who intend to become specialists in accounting, MBA caters to the needs of the candidates who wish to join in management roles. So, the answer to the question would vary from person to person based on their career goals.
As a CPA, your job titles might include: CFO, auditor, tax advisor or forensic accountant. Since the areas of study for an MBA are more wide-ranging, there are more career choices. If you have a CPA license, your options will be focused in accounting and finance. If you get both of them, you’ll have the world at your disposal.
For a typical candidate, the investment for a CPA license is ~$3,000. This amount includes the cost of CPA Exam review materials and fees associated with taking the exam and applying for the license. This is a lot more affordable than MBA degree programs. Also, most candidates study for the CPA Exam while working full time.
If you love your current company and they suggest you get your MBA to move up the ladder, that’s another good reason. It is more costly in terms of money and time than the CPA, but it is certainly more geared towards finance and leadership.
Not everyone agrees. "I think the CPA is a better credential for someone going into finance than almost any credential, including an MBA, because you get to look at so many different businesses," says Michael Kinsman, PhD, MBA, CPA, a professor at Pepperdine University's Graziadio School of Business and Management.
Neither one is "better" than the other. What matters is what you do with what you learn in either program. There are unemployed CPAs and MBAs and plenty of both doing very well so either one would be a plus to have and having both possibly be even...
If you ever want to be a CFO and want the most respected then CPA wins hands down. MBA is not much more than a commodity these days. CMA may be best for an accounting job, but CPA is for a career and will open way more doors for you.