Accounting is a field full of opportunities. Whether it be in general finance or actual accounting, position openings are just about endless. As a matter of fact the Bureau of Labor Statistics expects the demand for accounting positions to increase by 22% between 2008 and 2018.
While accountants are very well qualified financially minded professionals, those who have earned the CPA credential by way of passing the uniform CPA Exam have truly set themselves apart from the pack. CPAs enjoy industry recognition as licensed experts, a deeper level of savvy as it pertains to taxation, laws and rules, as well as higher salaries and better benefits packages.
There are many different credentials that accounting professionals can obtain such as the CMA (Certified Management Accountant), EA (Enrolled Agent), CFP (Certified Financial Planner), and more.
The question though is which credential will yield the most favorable results for one’s career? As everyone is different, some professional perks do not mean as much to one as they do another. With that being said, income matters to everyone. Thus, what is most likely to affect your income the most is the level of experience one has in addition to any and all additional credentialing.