It would
seem that in today's world, a CPA ranking isn't enough to satisfy top areas of
company management. A CPA degree was previously a prerequisite before you
became a company CFO.
So what do
CMAs, CFAs and CITPs actually help you with?
According
to Benjamin Mulling, a CPA-degree graduate:
“As
business gets more complex, it’s helpful to have more specialization to deal
with it,” said Mr. Mulling, who also holds a master’s degree in business
administration and is a certified information technology professional, a
credential available to CPAs who receive additional training.
Ted
Jeanloz, director of finance for Athenahealth Inc., a provider of electronic
health records, takes an alternate view. “The CPA is legitimately useful, but
after that it falls off pretty steeply,” he said.
Mr. Jeanloz
said the certifications “are a good signal someone is a self-starter,” but “we
would assume that anybody we hire for a role…would already have that
knowledge.”
Groups
offering professional credentials are booming. The number of people getting the
CMA title from the Institute of Management Accountants Inc. grew 17% last year
to 3,500 and is expected to hit a record this year, according to Jeff Thomson,
the organization’s president.
(Source)
So, what's
your stand about this little tidbit? You'll be sacrificing some time with your
already-hassling work.
There are
many things to consider if you want to hold top office in a company. These
includes sacrifices and additional degrees will definitely fare better for you
if you intend to hold higher positions in other companies
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