Considering an MBA as a CPA
I’m nearly six years post-graduation, having spent five years in public Accounting with a Big Four firm, and I’m currently in an external reporting role at a large public company. While I earn a decent salary, my new position feels somewhat uninspiring, and I’m starting to feel stagnant. Is it worth investing in an MBA out of pocket, especially since I already have my CPA?
One response
Deciding whether to pursue an MBA as a CPA can be a significant choice, especially given your background and current feelings about your career. Here are some factors to consider:
Career Goals: Think about where you want to be in the next 5-10 years. An MBA can open doors to higher-level management positions, particularly in finance and Accounting, but it’s essential to know if that’s the direction you want to go. If you’re aiming for roles in leadership or strategy, an MBA could be beneficial.
Current Job Satisfaction: It sounds like you’re feeling a bit stagnant in your current role. Before committing to an MBA, consider whether there are opportunities for growth or new projects within your current company that might reignite your passion. Sometimes, a lateral move or taking on new responsibilities can be refreshing.
Cost vs. Benefits: An MBA can be expensive, especially if you’re paying out of pocket. Weigh the potential salary increase and opportunities against the costs of the program, both financially and in terms of time commitment. Research potential return on investment (ROI) based on your industry and desired career path.
Networking Opportunities: An MBA program often provides valuable networking opportunities. If your job involves working with a variety of departments or industries, this could help you make connections that might lead to new roles or opportunities.
Alternative Education: Consider whether there are other educational opportunities more tailored to your specific career goals, such as specialized certifications or short courses in areas that interest you.
Ultimately, it’s a personal decision that depends on your aspirations and circumstances. If an MBA aligns with your goals and you find value in the investment, it could be worthwhile. Otherwise, exploring other avenues for personal and professional growth might also be a good path forward.