There are excellent, award-winning accountants out there, and there are some ambitious and inspiring MBA graduates who lead departments and have strong visions for growth. But what if a potential candidate held both the MBA degree and an accounting designation? Would that not combine a host of indispensible financial and business management skills to create a candidate who is leagues above the competition? Wouldn’t the wisest companies fight for the chance to employ one person who embodies the financial training of an accountant with the all-round talents of an MBA graduate?
The answer is simple— of course they would, and do! So knowing this, you now know to make the right decision and pursue both designations at once. Today, a number of Canadianuniversities are offering this dual opportunity through part-time courses, giving you the kind of advantage you need in today’s dynamic and demanding world.
You know that earning an MBA is a must, but now that the Chartered Accountant, the Certified General Accountant and the Certified Management Accountantdesignations have unified under theone title of CharteredProfessional Accountant (CPA), it’s never been a better time to be a Canadian accountant. This is no dull, tiresome, or middling position, but one that can put you at the forefront of leading businesses around the world. Becoming a CPA not only means that you will become a financially literate—and much sought-after—asset to any organization, but it opens to door to occupying key roles in top corporations and not-for-profits. CPAs regularly rise to become Accounting Managers, members of directorial boards, treasurers and CFOs (Chief Financial Officers), and CEOs and Presidents.
There’s a demand for qualified CPAs across North America. In the United States, there were approximately 1.17 million accountants and auditors in 2013. This figure is expected to grow to 1.44 million by 2022 — an increase of 270,000 jobs in just seven years, according to the Bureau of Labor Statistics. In 2013, there was also 1.59 million American bookkeeping, accounting, and auditing clerks, and that number is similarly predicted to rise to 2 million by 2022.
In both the US and Canada, CPAs will enjoy high salaries and standards of living. The Bureau also reports that in certain states—New York and D.C., for example—accountants can expect a mean annual wage of almost $90,000 USD. According to PayScale, in Canada the mean salary for an Accounting Manager is $62,763, while Finance Directors have an average salary of $101,174, and Chief Financial Officers have an average salary of $124,452 CAD. According to the CPA Profession Compensation Survey, CPAs in oil and gas have a mean salary of $203,000 CAD.
Taking a combined MBA and CPA program will equip you with a graduate degree and the know-how required to ace the Common Final Examination (CFE), necessary to attain your accounting designation. Upon graduation, you’ll have fundamental business knowledge and leadership skills gained through your MBA and the financial versatility and expertise earned through rigorous accounting courses. It’s a knockout combination of skills, courses, seminars, consultancy positions, and raw hours of research and study. In an oversaturated landscape, it’s a recipe for success you simply can’t discount.
Head to http://lauriermba.ca/program/toronto-part-time-mba-cpa/ to start learning about how you can pursue both the degree and the designation on a part-time basis, allowing you to balance life’s other responsibilities while getting your career to the next level. Look for an inspiring institution to call home today and begin your journey to the top of the industry.