While not all accounting professionals become certified, there are some key reasons to get a CPA license. For example, Certified Public Accountants earn higher salaries on average when compared to accountants in general. The average salary for entry-level accountants is $46,000, and senior accountants without CPA licenses can expect just a little over $90,000. For comparison, entry-level CPAs make an average of $58,000, and senior-level CPAs have an average salary of $110,000. For more salary information, see our accounting careers page.
There are also certain duties that accountants must be certified to perform legally, including:
When deciding whether you should take the CPA exam, it’s important to consider your long-term career goals. For example, do you see yourself as a generalist or more of an accounting specialist? If you wanted to focus on a particular area of accounting, like auditing, CPA licensure is likely the best path for you.
CPAs become licensed through their respective state boards of accountancy. Although licensure is granted by individual states and some jurisdictions, all 50 states adhere to the same core requirements.
It is important to note that most bachelor’s programs do not meet the semester hour requirement. Students who have less than 150 semester hours will need to pursue additional education beyond their undergraduate degree, either through a master’s degree in accountancy or graduate certificate program.
The Uniform Certified Public Accountant Examination is a 16-hour exam that’s split into four sections, each taken individually:
To successfully complete the CPA exam requirements, you must pass all four sections within an 18-month period. Each section is split into five testlets, consisting of multiple-choice questions and task-based simulations. The BEC section also features three written communication items. Test-takers have 4.5 hours to finish a section, including a 15-minute break.
Comprehensive course coverage is a necessity to passing the exam successfully. The DePaul online MSA is designed to equip graduates with the advanced knowledge they need to succeed on the CPA exam. The first-time pass rate for the CPA exam nationally is 50% in 2019. By comparison, 58% of DePaul MSA graduates pass their first section within one year of graduation.
If you have any questions about the CPA exam, feel free to contact one of our advisors, and we would be glad to help you find resources for your state.
To learn more about DePaul University’s online MSA program fill out the fields below to download a brochure. You can also call 1-800-950-0232 to speak to one of our Admissions Advisors.
DePaul University respects your right to privacy. By submitting this form, you consent to receive emails and calls from a representative of DePaul University, which may include the use of automated technology. Consent is needed to contact you, but is not a requirement to register or enroll.