Friday, January 28, 2011

I have a finance MBA, should I get a MA and CPA also


I have a finance MBA, should I get a MA and CPA also?
I have a finance MBA from a state school, but have done mostly federal government consulting (no accounting), and I am pretty well paid for my age at this point. If I get an Masters in Accountancy, and then a CPA, would this allow me make the jump to a good paying, high level private sector job? Or would I probably need to start over, and learn some accounting basics on the job before getting to high levels of finance at Fortune 100 companies? I would like to be a CFO one day, and I know that I have the brains and the will to get there. What I can't accept is a large pay cut so that I can go do some entry-level book-keeping for 2 years (I have a kid to take care of!) I live in Virginia, and as far as I can tell from http://www.boa.state.va.us/geninfo.asp, I would not require experience prior to using the CPA title. Does anyone know if this is a correct interpretation?
Other - Careers & Employment - 2 Answers

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1
Get your CPA. Also consider a law degree as well. And stay on top of IT with seminars and the occasional college course (amassing credits for an eventual graduate degree along the way, of course!)


2
My sister has a MBA in Finance from a top graduate school, and prior experience with a major investment bank. She doesn't have a Masters or a CPA, and got into a job as an investment banker. There are so many career paths that lead to the CFO level. You should apply for jobs that you fit in, in terms of qualifications right now (if you are looking for private sector employment immediately) and ask what the advancement opportunities will be. Having a CPA and another master's are pluses. If you want to go for another master's, beware that a lot of private companies don't pay 100% full tuition reimbursement. But again, there are some big companies that will - you can ask. You might have better chances getting tuition reimbursement from the public sector.

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