People wish to effectively plan as well as manage their career today. This is why many finance professionals are faced with a crucial questionregarding deciding between a CPA and MBA in accounting degree. Both are good and the right choice will depend on your personal choice as well as the career goal that you have. An MBA is a good choice if you wish to get into a consulting function or a managerial role in a financial services firm. It is also well suited for other career options such as being a securities analyst or even an investment banker or for becoming a venture capitalist.
A CPA is a good option for those who wish to get into auditing and review financial statements. This will help them to become a financial controller, CFO, or even a financial analyst. It will be helpful if you want to open your own accounting firm. You can also find employment at big accounting firms if you possess a CPA degree. Other careers which require a CPA degree include corporate accounting and management accounting. You can also land a job in governmental auditing as well as internal auditing with a CPA. This means that you will have options in both public as well as private sectors of the economy.
But the advent of global marketplace means that you need skills which are above and beyond your finance qualifications. These can include economics and marketing besides others. These may not be a part of a CPA designation, but can be there in an MBA program.
MBA provides training in theory as well as the practical aspects of business management. With an MBA you would achieve a general competency in the various functional management roles that are found today in the corporate world. This is because MBA candidates learn finance in addition to many other areas such as: economics, marketing, along with organizational behavior as well as quantitative analysis. This way it is able to broaden your horizons and you learn beyond finance. It will widen your understanding of business too.