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I want to do a masters in business administration in accounting to be specific. But also I want to do my CPA, what would you advice me to start with in regards to doing well in both ?
I have a degree in accounting and finance but that's not enough.
11 answers
Updated
Thomas’s Answer
If you want to earn your CPA quickly, then focus on getting a Masters in Accounting. Most universities offer this program. And you should probably explore taking the CPA prep course that helps with taking the different parts of the exam. However, you can also focus on an MBA in a specific area of finance which helps tie the accounting into the overall picture. But you will still need to take required accounting courses at some point that apply to your CPA credentials.
Updated
Shrungali’s Answer
Hi Babra,
To be outstanding in both an MBA in Accounting and acquiring a CPA license, below is a step-by-step procedure:
1. Understand the CPA Requirements
At the outset, be sure to determine what you must do specifically in order to become a certified public accountant. In general, you will be required to:
Complete 150 college credits-the majority of states
Course work in accounting, auditing, and taxation
Pass all 4 sections of the Uniform CPA Exam
Work experience-generally 1-2 years under a licensed CPA
Since you are working toward an MBA, it could help you achieve the 150-credit requirement; just make sure the MBA program includes sufficient credit hours of accounting-based courses.
2. Design Your MBA Coursework with CPA in Mind
As you choose your MBA program, you will want to focus on one that strongly emphasizes accounting. You can choose specific courses which will serve you best in preparing for the various topics covered on the CPA exam:
Financial Accounting and Reporting (FAR)
Auditing and Attestation (AUD)
Regulation (REG)-this topic covers taxation and business law
Business Environment and Concepts (BEC)
Ensure that your MBA electives cover relevant courses to CPA. This would lessen additional studying for the CPA exam, as you will already have had a background in them.
3. Start Early with CPA Exam Prep
Once you're in your MBA program:
First take those classes that are focused on the CPA sections.
In corporate the CPA study materials: Use CPA review materials when you go through similar studies in your MBA curriculum. This will give added reinforcement of concepts and will help you build up to the CPA exam.
4. Consider Timing for the CPA Exams
You by no means have to wait until you are finished with your MBA before you start taking your CPA exams. Some states allow for a student to take that exam once they have finished their bachelor's degree and specified classes in accounting. Here is how you might be able to do this:
During your MBA: Try to take 1 or 2 sections of the CPA exam as you are taking different accounting classes. It keeps preparation fresh for exams, and lightens the load post-MBA.
After your MBA: Take the remaining sections, putting full concentration on exam preparation.
5. Balance Work Experience with Studies
Most of the CPA licenses demand practical experience under a licensed CPA. Some students achieve this experience during their MBA, either through an internship or part-time work. When it is possible:
Do not miss an internship or jobs during your MBA. You will gain relevant experience and hours toward your CPA license.
Networking for professionals: Leverage the network through your MBA to find opportunities best fit for your career goals.
6. Master Time Management
Doing your MBA and CPA together is going to be pretty overwhelming. Here is how you keep pace:
Undertake a study schedule for the preparation of CPA parallel with the class work in the MBA course.
Use study apps like the CPA review programs, which slice up the content into digestible pieces.
Study group: Studying as a group can be a good way to learn, and it will help you stay motivated. Find a study group composed of people from the MBA course you are in or other candidates of CPA.
Make sure the MBA program you choose has strong accounting and finance tracks. Some of the more well-known schools with leading accounting MBA programs include:
University of Texas at Austin (McCombs School of Business)
University of Illinois Urbana-Champaign (Gies College of Business)
University of Pennsylvania (Wharton)
New York University (Stern School of Business)
Starting with a structured plan that weaves both CPA preparation and your MBA curriculum will put you on better footing in pursuing both.
Good Luck.
To be outstanding in both an MBA in Accounting and acquiring a CPA license, below is a step-by-step procedure:
1. Understand the CPA Requirements
At the outset, be sure to determine what you must do specifically in order to become a certified public accountant. In general, you will be required to:
Complete 150 college credits-the majority of states
Course work in accounting, auditing, and taxation
Pass all 4 sections of the Uniform CPA Exam
Work experience-generally 1-2 years under a licensed CPA
Since you are working toward an MBA, it could help you achieve the 150-credit requirement; just make sure the MBA program includes sufficient credit hours of accounting-based courses.
2. Design Your MBA Coursework with CPA in Mind
As you choose your MBA program, you will want to focus on one that strongly emphasizes accounting. You can choose specific courses which will serve you best in preparing for the various topics covered on the CPA exam:
Financial Accounting and Reporting (FAR)
Auditing and Attestation (AUD)
Regulation (REG)-this topic covers taxation and business law
Business Environment and Concepts (BEC)
Ensure that your MBA electives cover relevant courses to CPA. This would lessen additional studying for the CPA exam, as you will already have had a background in them.
3. Start Early with CPA Exam Prep
Once you're in your MBA program:
First take those classes that are focused on the CPA sections.
In corporate the CPA study materials: Use CPA review materials when you go through similar studies in your MBA curriculum. This will give added reinforcement of concepts and will help you build up to the CPA exam.
4. Consider Timing for the CPA Exams
You by no means have to wait until you are finished with your MBA before you start taking your CPA exams. Some states allow for a student to take that exam once they have finished their bachelor's degree and specified classes in accounting. Here is how you might be able to do this:
During your MBA: Try to take 1 or 2 sections of the CPA exam as you are taking different accounting classes. It keeps preparation fresh for exams, and lightens the load post-MBA.
After your MBA: Take the remaining sections, putting full concentration on exam preparation.
5. Balance Work Experience with Studies
Most of the CPA licenses demand practical experience under a licensed CPA. Some students achieve this experience during their MBA, either through an internship or part-time work. When it is possible:
Do not miss an internship or jobs during your MBA. You will gain relevant experience and hours toward your CPA license.
Networking for professionals: Leverage the network through your MBA to find opportunities best fit for your career goals.
6. Master Time Management
Doing your MBA and CPA together is going to be pretty overwhelming. Here is how you keep pace:
Undertake a study schedule for the preparation of CPA parallel with the class work in the MBA course.
Use study apps like the CPA review programs, which slice up the content into digestible pieces.
Study group: Studying as a group can be a good way to learn, and it will help you stay motivated. Find a study group composed of people from the MBA course you are in or other candidates of CPA.
Make sure the MBA program you choose has strong accounting and finance tracks. Some of the more well-known schools with leading accounting MBA programs include:
University of Texas at Austin (McCombs School of Business)
University of Illinois Urbana-Champaign (Gies College of Business)
University of Pennsylvania (Wharton)
New York University (Stern School of Business)
Starting with a structured plan that weaves both CPA preparation and your MBA curriculum will put you on better footing in pursuing both.
Good Luck.
Updated
Darren’s Answer
Finish acquiring your CPA certification. Once you've done this, you'll have a wide range of options to explore other specialties and credentials, making your professional profile more versatile.
Updated
Gus’s Answer
A CPA is well-respected in the accounting industry and provides a credential for yourself for future opportunities. While a Masters of Accounting will assist you in your preparation for CPA exams, it is not a requirement for most entry to mid-level accounting careers. Best of luck!
Updated
Kevin P’s Answer
Babes, let me just say you already have a pretty accomplished academic resume and it’s only getting more impressive.
I think it’s largely depends on what time of job you are interested in getting. I cannot imagine that your first job out of college requires both the MBA and the CPA. Presumably it’s a CPA to get the job and the MBA to get the promotion.
In most major firms this is the way it’s structured. I’m not saying it’s required to get what you want but it’s all about setting yourself apart. That is what you are trying to achieve.
I do believe sitting down and understanding what you’d like to do is key before deciding what you want to study or in what order.
But you have a great plan set for yourself. Don’t slow down.
I think it’s largely depends on what time of job you are interested in getting. I cannot imagine that your first job out of college requires both the MBA and the CPA. Presumably it’s a CPA to get the job and the MBA to get the promotion.
In most major firms this is the way it’s structured. I’m not saying it’s required to get what you want but it’s all about setting yourself apart. That is what you are trying to achieve.
I do believe sitting down and understanding what you’d like to do is key before deciding what you want to study or in what order.
But you have a great plan set for yourself. Don’t slow down.
Updated
Brianna’s Answer
Usually, a university that offers a Masters in Accounting program is a great place to get ready for the CPA exam. I'd suggest considering one of these programs. Don't forget to check out the CPA prep courses too!
Now, if your heart is set on an MBA instead of a Masters in Accounting degree, that's perfectly fine! You can pursue an MBA, which might take a bit more time, but you can choose to concentrate on accounting courses. This way, you'll still be well-prepared for the CPA exam.
Now, if your heart is set on an MBA instead of a Masters in Accounting degree, that's perfectly fine! You can pursue an MBA, which might take a bit more time, but you can choose to concentrate on accounting courses. This way, you'll still be well-prepared for the CPA exam.
Thank you, this is amazing! I really needed it.
BABRA
Updated
Adaobi’s Answer
That's a great plan! Here are a few steps to help you excel in both:
1. **Research Programs**: Look for MBA programs that offer a strong focus on accounting and align with CPA requirements.
2. **Plan Your Timeline**: Understand the CPA exam requirements and schedule your MBA coursework to complement your CPA study plan.
3. **Network**: Connect with professionals who have both an MBA and CPA to gain insights and advice.
4. **Stay Organized**: Use tools like planners or apps to manage your study schedules and deadlines effectively.
5. **Seek Support**: Join study groups or find a mentor to help you stay motivated and on track.
Balancing both can be challenging, but with a clear plan and support, you can definitely succeed!
1. **Research Programs**: Look for MBA programs that offer a strong focus on accounting and align with CPA requirements.
2. **Plan Your Timeline**: Understand the CPA exam requirements and schedule your MBA coursework to complement your CPA study plan.
3. **Network**: Connect with professionals who have both an MBA and CPA to gain insights and advice.
4. **Stay Organized**: Use tools like planners or apps to manage your study schedules and deadlines effectively.
5. **Seek Support**: Join study groups or find a mentor to help you stay motivated and on track.
Balancing both can be challenging, but with a clear plan and support, you can definitely succeed!
Updated
Christa’s Answer
Hello Babra. Congratulations on obtaining your Accounting degree. A number of factors may weigh into your decision. I would recommend that you speak with a guidance counselor regarding your goals. Doing this will help ensure that you properly align your goals with your available options. Best of luck.
Updated
Robert’s Answer
Have you considered going back to school for a Masters of Accounting program? In the US, obtaining a CPA usually has two components in addition to passing the professional exams: 1) college credit requirements and 2) full-time work experience requirement. Masters of Accounting programs are designed to satisfy the college credit requirements upon graduation and the course work is more focused on preparing you to take the CPA exams compared to a Accounting concentration in a MBA program. At the end of the day, the decision mostly depends on on the type of employment opportunities you are seeking post graduation. If you are planning to go the route of a accountant at a public accounting firm, generally a Masters of Accounting program is the path most people take. Alternatively, if you are looking for finance or corporate jobs, an MBA may give you more opportunities during the career search.
Thank you for the advice.
BABRA
Updated
Shuyue (Susan)’s Answer
Hi Babra,
It’s fantastic to see your interest in pursuing both an MBA and a CPA! It’s important to note that each serves different purposes. From my experience, an MBA is invaluable for advancing in a corporate finance career, while a CPA is often essential for entering public accounting. If your goal is to climb the corporate ladder, starting with a CPA to gain some work experience and then pursuing an MBA from a reputable school could be a great strategy.
Best of luck on your journey! 🚀
It’s fantastic to see your interest in pursuing both an MBA and a CPA! It’s important to note that each serves different purposes. From my experience, an MBA is invaluable for advancing in a corporate finance career, while a CPA is often essential for entering public accounting. If your goal is to climb the corporate ladder, starting with a CPA to gain some work experience and then pursuing an MBA from a reputable school could be a great strategy.
Best of luck on your journey! 🚀
Updated
Chinyere’s Answer
Hello Babra,
Congratulations on your decision to pursue an MBA in accounting and the CPA certification! Both will significantly enhance your career prospects.
Here's a strategic approach to balance your efforts:
1. Prioritize CPA Exam Preparation
Early Start: Begin studying for the CPA exam as soon as possible. Even if you're still in your MBA program, starting early will give you a significant advantage.
Utilize Coursework: Many MBA accounting programs align with CPA exam topics. Leverage your coursework to reinforce your understanding.
CPA Review Course: Consider enrolling in a CPA review course to provide structured guidance and practice exams.
2. Time Management Strategies
Effective Scheduling: Create a detailed study schedule that accounts for both MBA coursework and CPA exam preparation.
Prioritize Tasks: Identify the most critical tasks for each area and allocate your time accordingly.
Study Breaks: Take regular breaks to prevent burnout and maintain focus.
3. Leverage Your MBA Program
Network with Professionals: Connect with accounting professionals in your MBA program who have already passed the CPA exam. They can offer valuable insights and advice.
Seek Guidance from Professors: Your professors can provide guidance on how to balance your MBA coursework with CPA exam preparation.
Utilize Campus Resources: Many universities offer resources like tutoring centers or study groups that can assist with both areas.
4. Stay Motivated
Set Realistic Goals: Break down your goals into smaller, achievable steps.
Celebrate Milestones: Reward yourself for reaching significant milestones to stay motivated.
Stay Positive: Remember why you're pursuing both an MBA and a CPA. Focus on the positive outcomes and benefits.
It may seem challenging to balance both an MBA and CPA exam preparation, but with effective planning and time management, you can achieve your goals.
Best wishes!
Congratulations on your decision to pursue an MBA in accounting and the CPA certification! Both will significantly enhance your career prospects.
Here's a strategic approach to balance your efforts:
1. Prioritize CPA Exam Preparation
Early Start: Begin studying for the CPA exam as soon as possible. Even if you're still in your MBA program, starting early will give you a significant advantage.
Utilize Coursework: Many MBA accounting programs align with CPA exam topics. Leverage your coursework to reinforce your understanding.
CPA Review Course: Consider enrolling in a CPA review course to provide structured guidance and practice exams.
2. Time Management Strategies
Effective Scheduling: Create a detailed study schedule that accounts for both MBA coursework and CPA exam preparation.
Prioritize Tasks: Identify the most critical tasks for each area and allocate your time accordingly.
Study Breaks: Take regular breaks to prevent burnout and maintain focus.
3. Leverage Your MBA Program
Network with Professionals: Connect with accounting professionals in your MBA program who have already passed the CPA exam. They can offer valuable insights and advice.
Seek Guidance from Professors: Your professors can provide guidance on how to balance your MBA coursework with CPA exam preparation.
Utilize Campus Resources: Many universities offer resources like tutoring centers or study groups that can assist with both areas.
4. Stay Motivated
Set Realistic Goals: Break down your goals into smaller, achievable steps.
Celebrate Milestones: Reward yourself for reaching significant milestones to stay motivated.
Stay Positive: Remember why you're pursuing both an MBA and a CPA. Focus on the positive outcomes and benefits.
It may seem challenging to balance both an MBA and CPA exam preparation, but with effective planning and time management, you can achieve your goals.
Best wishes!
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