Hi Monkeys,
A little about me. I graduated from a top 20 target in Econ but didn't get the job I wanted out of undergrad, decided to do a masters of accounting degree at a similar school and now will work at a F100 FLDP. As stated above my goals are to break into corp dev internally then possibly an MBA -> IBD.
Given my situation is it worth it to do the CPA? I only have about 2.5 months before I start work. If I don't do the CPA I planned on traveling/relaxing and getting >=720 on the GMAT. Worst case scenario and I don't get into Corp Dev I end up in corporate finance, does the CPA matter there? Would I be held behind if I didn't do the CPA.
Will having a Master of Accounting degree without a CPA look strange? Obviously it a different situation since I opted for a FDLP vs Big 4 so unsure on how to determine the CPA's value.
Thoughts?
CPA licensure depends on the state you live in. Keep in mind, CPA licenses are different for each state, but some might be transferable. Often, earning a Masters in Accounting is the only way individuals get the required hours to sit for the CPA exam. It's quite common to find CPAs with a Masters in Accounting.
If you want to do anything corporate related, especially corporate finance, a CPA will set you leagues above your peers without CPAs. A CPA's value is huge ESPECIALLY in corporate finance. Outside of corporate finance, you can do Big Four Accounting, go into IB, work at a boutique investment firm, work for a CPA firm, start your own firm, etc.
There's a lot fewer CPAs than MBAs.
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