CPA vs MBA: Which is Better For Your Career & Salary? 2023 Update

mba vs cpa salary

Exploring the requirements, certifications, exams, and obviously, approved courses along each path. Both a CPA and an MBA will qualify you for a higher-than-average entry-level salary. When you choose one of these two paths or both, you will be able to enter the job market with a very desirable qualification. Employers are looking for both CPAs and MBAs to fill important roles in their companies. Typically, you will spend about the same on your undergraduate tuition for the first four-year degree.

mba vs cpa salary

Consequently, if you are looking for an affordable and convenient way to gain new skills, online courses are a great option. There are also many reasons to consider becoming a certified public accountant. The CPA is a remarkable achievement for an accounting professional and helps you to start a career in accountancy.

Earn Your CPA with the KU Master of Accounting Program

The knowledge and connections you gain through your program can be invaluable when starting and growing a successful company. It also benefits you by giving you a six digits average salary in the global job market. An overwhelming majority (79%) of business school graduates believe their education has improved their financial standing. A Certified Public Accountant is a professional designation earned by accounting professionals who meet specific educational and experience requirements and pass an exam. In addition to completing an accounting degree program and gaining work experience in public accounting, a CPA candidate must also take and pass the CPA Uniform Exam. Many business students and young professionals want to advance their careers, but they aren’t sure what path will help them the most. Some argue that a masters degree will propel them up the ladder and allow them to command a higher salary while others advocate for the respect of the certified public accounting designation.

  • Get tips for success from 10 in-field experts to help you climb the career ladder and increase your earning potential.
  • Payroll managers are responsible for issuing paychecks and overseeing the transfers of direct deposit.
  • An MBA can also allow you to specialize in a particular business area, such as marketing or finance.
  • The biggest difference between an MBA and a CPA is that an MBA is an academic degree whereas a CPA is a credential.
  • While jobs are readily available, entry-level salaries are modest compared to top earners in this profession.

Of course, strive to get into one of the “Top 10” MBA programs or the highest-ranked program that you can. Not only will you get a great education from these schools, but you’ll also gain a certain prestige that will follow you in your career. If your firm does not cover these costs, they can add up over time. In the last couple of decades, there has been some controversy over the academic value of MBA programs.

What Factors Affect How Long it Takes to Finish An MBA?

In some cases, it might make sense to get both a CPA and an MBA. If you plan to go into an upper management position, having both can be very helpful. Students planning on getting a finance-focused mba vs cpa salary MBA often get the most out of also earning their CPA. While you can complete an MBA in one year, in some cases, it’s more common to spend two or three years in this type of program.

mba vs cpa salary

Choosing the right pace for your MBA is essential, but it’s not the only thing to consider. You also need to make sure you’re choosing an accredited program that will give you the skills you need to succeed in your career. With so many options available, it’s essential to do your research to find the right MBA program for you. With careful planning and a willingness to work hard, you can graduate from your MBA program in a shorter time frame than you may have initially thought possible.

Goizueta Business School of Emory University

Unlike an MBA program, where content expires when the semester ends, online courses often give students unlimited access to the material. This means that they can refer back to the course anytime they need a refresher or want to learn more about a particular topic.

Which MBA has highest salary?

According to the BLS, some of the highest-paying management occupations related to MBA concentrations include computer and information systems management, financial management, marketing management, and human resources management.

Typically, you will choose a specialty within your MBA program. An MBA provides cross-functional skills across all business functions, which helps professionals round out their skillset to work in cross-discipline leadership positions. In Accounting are specialized, there are a wide variety of careers you can choose from within the accounting industry. While both an MBA and a master’s in accounting will equip you for leadership positions in organizations, the expertise and skills you will gain will prepare you for different roles. Compare features, benefits and cost to find the right school for you. Research different MBA programs to see whether there’s one that’s the perfect fit. Remember, you may find that some MBA courses will help you meet the educational requirements to sit the CPA exam.