- Joined
- Jul 8, 2022
Now I have a job in a completely different field than what I graduated with. Im considering if I should just lean into the field im working in and get a masters for that so I can build a career.
I can't tell you a lot of what does work in the job market, but the value of college degrees are completely tapped out. Credentialism is at an all-time low. Do not put yourself out more money for a nebulous-at-best return on a masters degree.
I have seen people command a higher salary getting a CPA, and it's entirely merit-based because it's generated yearly by a board of accountants, so it's probably a better indicator of how you stack up in the field than a masters; however, I have met many accountants, and only 1 of them managed to pass the test in one go. It is intentionally crafted to weed out most of the applicants, so expect to have to pay to take the test more than once. If you are already in with a firm, though, talk to your managers. It is not uncommon for accounting firms to pay for you to take the test because the more CPAs they have on payroll, the larger a fee they can command from clients. Even if you have to take it multiple times out of pocket, a CPA is significantly cheaper than going to college.Im considering getting a masters in accounting since I'll have more work experience in that field than I ever did with CS. It helps that my boss likes me doing data analytics on the side sometimes. However, If I get that masters in accounting, I probably wont be able to get a CPA unless I spend more money and I really dont want to throw myself back into college for several more years.
EDIT: Also, if you really want to make more money in accounting, aside from getting the CPA, you're gonna have to make connections, because the people who make the most in accounting are partners in firms, and those decisions are rarely based on capability or credentials. Many firms could be cynically written off as boys clubs, but more charitably, partners are selected based on trust, and if the partners like you and feel you'll uphold the traditions and structures they've put into place at the firm, you'll be selected for partnership, or at the very least given preference on salary negotiations.
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