is it worth getting an MBA after your CPA? In this video, I break down whether it's worth it. Bottom line: Many CPAs think an MBA will help with career growth, but for most, it's not worth the investment.
Here’s what to consider:
► Why are you getting it? Want to move outside of accounting into VP or operations roles? It might be worth it.
► Planning to open a business outside of accounting? It could be beneficial.
► However, for promotions or getting an edge in interviews, your CPA is usually enough. Employers focus on your work history and attitude more than additional degrees.
► Where are you getting it from? The value of an MBA heavily depends on the institution's brand recognition.
►Consider who’s paying for it. Most employers don’t cover 100% of the costs, so it might come out of your pocket.
►Stats show only 2 out of 10 top-paid CFOs in Canada have an MBA, while 7 out of 10 are CPAs. So, you can become a top-paid CFO without an MBA. Here's the link to that article (from 2010s but still relevant): [ Ссылка ]
The real benefit of an MBA might be the connections you make. However, focusing on your work experience, network, skills, personal brand, and attitude often offers a better ROI.
☞ CPA exam coaching and resources: gevorgcpa.com
☞ Publications: canadian-accountant.com/content/author/gevorg-grigoryan
☞ LinkedIn: linkedin.com/company/gevorg-cpa
☞ Facebook: facebook.com/groups/cpacanadastudy
Intro (0:00)
Why get an MBA? (0:25)
Which CFOs have MBA (1:05)
When MBA is worth it (1:45)
#cpacanada #cfe #gevorgcpa
