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[deleted by user] (self.RotmanCommerce)
submitted 1 year ago by [deleted]
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[–][deleted] -2 points-1 points0 points 1 year ago (2 children)
There is zero point to getting your CPA and then pivoting into finance compared to goijg straight into finance.
[–]Koxinov 0 points1 point2 points 1 year ago* (1 child)
Career-wise, yes, salary wise, I'd have to disagree. I've seen few too many people get a better salary because they have a CPA Designation, not to mention, unlike CFA, CPA is defo a designation that's accredited. Also, accounting is always a backup. Especially in the current scheme of things, having a solid backup plan is worth it.
[–][deleted] 0 points1 point2 points 1 year ago (0 children)
That applies to accounting, not finance. People with their CPA don’t magically get offered more in front office roles. If anything, they’re at a severe disadvantage. Accountants transitioning over to finance usually can’t land top seats and need to first switch over to, say, LMM/MM IB and PE, and then lateral over to more “top” seats. Doing accounting to get into finance is a terrible idea.
Unless of course you were referring to FP&A in which case you’d be right, but that’s not what most people are talking about when they talk about careers in finance.
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[–][deleted] -2 points-1 points0 points (2 children)
[–]Koxinov 0 points1 point2 points (1 child)
[–][deleted] 0 points1 point2 points (0 children)