makes no sense to me right now since I thought all you need is undergrad degree in accounting like business admin:option in accounting and then from there just get CPA. After you get CPA your set, why would you want to get a masters as well? Makes no sense once again.
Also what is the highest paid salary of CPAs?
2007-09-15 18:15:53 · 6 answers · asked by justcurious 2 in Business & Finance ➔ Taxes ➔ United States
You are right, it doesn't make any sense. All you need is a CPA. Some states require the 150 credits to take the CPA exam but why make unecessary expenditures paying a graduate school when you can attain the 150 credit hours by taking courses at your community college or online as they don't need to be business or accounting related (yet).
From my 2007 Salary Guide in Accounting & Finance from Robert Half International:
In a large public accounting firm with a title of Senior Manager/Director salaries are between 92,000 - 141,000
In corporate accounting in a large company ($500+ million) for Chief Compliance Officer salaries are between $132,500 - $181,250
Companies with $500+ million pay between $134,000 - $208,000 for Chief Audit Executive/Vice President, Internal Aduit/Internal Audit Director
Yeah and CFO for $500+ million company is between $252,000 - $358,750.
2007-09-17 18:42:02 · answer #1 · answered by CuriousKelly22 2 · 0⤊ 0⤋
Some states require you to have 150 hours of college credit in order to sit for the CPA exam. It looks more prestigious to have your CPA & Masters. It may even help you get a better position.
Good luck,
2007-09-16 01:33:05 · answer #2 · answered by glaciergizzlybear 2 · 1⤊ 0⤋
In my state, a CPA license required a reduced number of years of experience if you had a Masters. Plus, you really don't learn much detail in your undergrad. ...and it makes you feel more important, which of course you are, because hey, you have a masters. I'll bet your future boss doesn't have a masters. Use it wisely, grasshopper.
2007-09-17 01:23:24 · answer #3 · answered by tax_man_cometh 2 · 0⤊ 0⤋
Probably because when you go into the "job market" having a masters will bring you more money and more advancement opportunities. It never hurts to acquire knowledge.
2007-09-16 01:39:09 · answer #4 · answered by angels21405 2 · 0⤊ 0⤋
Uh, possibly to learn more so the person can do a better job? A job isn't just about money, you know, it's also about serving your customers and your employer.
2007-09-16 11:50:28 · answer #5 · answered by Judy 7 · 3⤊ 0⤋
Here is a site you might like to review.
2007-09-16 15:08:00 · answer #6 · answered by fivestring46 4 · 0⤊ 0⤋