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Up Your Assets: 5 Advantages to Becoming a CPA

Have you admired the success and respect financial gurus such as Certified Public Accountants earn? Maybe even secretly browsed online CPA degrees? If you are looking for a nudge, read this post. There has likely never been a better time to become a CPA. Why, you ask? Because CPAs enjoy a plethora of career benefits many other professionals only dream about. Here is a look at just five of them.

5 stellar reasons to become a CPA

1. Be in-demand.

Everyone loves to feel needed, especially when it translates to excellent job security. The future is bright for CPAs. How bright? The Bureau of Labor Statistics reports that demand for accountants of all types is projected to grow by an impressive 22 percent, 2008-2018, but CPAs in particular should fair even better.

2. Earn a solid salary.

Whoever said money makes money might as well have been talking about CPAs. According to the BLS, CPAs earned a median annual salary of $61,690 in 2010, but the top 10 percent of earners broke six figures, earning in excess of $106,880. Not too shabby for a field that doesn't usually require an advanced degree (a bachelor's degree plus certification is often sufficient).

3. Manage that salary better.

There are two ways to earn more money. First, land a lucrative job. Second, manage and invest your existing salary wisely. CPAs are rock stars on both fronts, earning an impressive wage and knowing what to do with it. As a bonus, you will never have to hire someone to do your taxes.

4. Be your own boss (or at least get a snazzy office).

CPAs enjoy a level of flexibility few other professions offer, including the ability to launch your own business or accounting practice. According to the BLS, many CPAs do just that, and even those working for established firms can often complete many of their hours from home. Proper accounting and reporting is also a must for any successful business, so employers tend to treat their CPAs well. That corner office may be closer than you think.

5. Choose your own (career) adventure.

If you think becoming a CPA destines you for a particular career path, think again. CPAs enjoy a great deal of career flexibility and can meter their jobs to their interests. You can choose to work for a respectable practice in a small town (or launch your own), or you can rev things up by joining a high profile firm with big name, high-earning clients. CPAs can also specialize their practices toward areas of professional interest, like personal financial planning, business valuation and taxation.

Training: A CPA's number one investment

CPAs certainly enjoy a number of career benefits, but those perks are earned through their specialist status. In other words, Joe Schmoe off the street can't just walk into a firm and expect to do a CPA job. Finance is a tricky thing (and a tightly regulated industry). Employers want to hire public accountants that really know their trade so that they can avoid mistakes, miscalculations and even criminal charges. That is precisely why CPAs must typically earn at least a bachelor's degree in accounting or finance, then an additional certification as mandated by their states. Online CPA degree programs are an excellent way to begin this training, especially if you value the convenience and flexibility that online education can provide.

 



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