what are the benefits of getting a Master's?

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allisolm

Elite Member
Administrator
Jan 2, 2001
25,342
5,010
136
Originally posted by: TruePaige
Well if you are going into accounting as an example, you can't even sit for your CPA in most places with a BS.

No state requires you to have any degree higher than a BS to sit for the CPA exam.
 

JJChicken

Diamond Member
Apr 9, 2007
6,165
16
81
Originally posted by: nick1985
Originally posted by: Barack Obama
Originally posted by: nick1985
Originally posted by: TridenTBoy3555
Originally posted by: Fenixgoon
Originally posted by: Riceninja
so you can live with regret knowing how close you came to a phd.

lawlz.

sorry, but a phd is not worth wasting another 5 years of my 20's living as a broke-ass student, when i can be making 4-5x as much as a BS or BS/MS (i am doing a combined BS/MS program)

Really-really not worth it for engineering.

Arnt you like 18? How do you know anything about life, you dolt?

Aren't you 21? How do you know anything about life, you dolt?

Im actually 24 and graduated from college with two degrees, which puts me in a much better position to post in a thread like this when compared to a 80 pound crater-faced teenage wiener.

Damn, I was guessing between 21 and 24, my stalk-o-meter didn't work out this time. That said, 24 is marginally better than 18, wait till you are 35+ before you can make meaningful comments. Thats just my opinion though.
 

nerp

Diamond Member
Dec 31, 2005
9,865
105
106
Originally posted by: Barack Obama
Originally posted by: nick1985
Originally posted by: Barack Obama
Originally posted by: nick1985
Originally posted by: TridenTBoy3555
Originally posted by: Fenixgoon
Originally posted by: Riceninja
so you can live with regret knowing how close you came to a phd.

lawlz.

sorry, but a phd is not worth wasting another 5 years of my 20's living as a broke-ass student, when i can be making 4-5x as much as a BS or BS/MS (i am doing a combined BS/MS program)

Really-really not worth it for engineering.

Arnt you like 18? How do you know anything about life, you dolt?

Aren't you 21? How do you know anything about life, you dolt?

Im actually 24 and graduated from college with two degrees, which puts me in a much better position to post in a thread like this when compared to a 80 pound crater-faced teenage wiener.

Damn, I was guessing between 21 and 24, my stalk-o-meter didn't work out this time. That said, 24 is marginally better than 18, wait till you are 35+ before you can make meaningful comments. Thats just my opinion though.

At 24, you realize how much of a dumbass you were at 21. At 31, you realize how much of a dumbass you were at 24. At 40, you wish you were as badass as you were at 31.
 

josh0099

Senior member
Aug 8, 2004
543
0
76
Originally posted by: bonkers325
Originally posted by: josh0099
Well then depends on what you are getting exactly and what your undergrad is in....Talking from a Engineer prospective, a masters degree will only help you advance faster/ start out a bit higher . So I wouldn't do it till you get to a place that would pay for it. A MBA is good if you want to go to management, but then again you need to get some other experience till you can get into management. So that goes back to the wait till you can find someone to pay for it.

negative. a masters/phd will net you an extra 10%-20% with experience in the engineering field.

:roll: Starting out a bit higher usually means a increase in salary....

This 10%-20% will cost you a long time to break even by taking another 40k in loans, for graduate school loans are very expensive.

The Graduate PLUS interest rate is fixed at 8.5%.
Fees

There is a 3% origination fee charged by the federal government and a 1% federal default fee

Thats from Sallie Mae now, you may be able to find better, but just doing this the quick and easy way.

So you will end up paying Cumulative Payments: $61,353.83 if you pay them off in 10 years.

Just for the ease of it lets say the average engineering started out at 50k so using 20% increase for masters 60k....A net of 10k year for the extra degree minus taxes etc....you are gaining 6-7kish after taxes. So you are just breaking even after your loan is paid off basically...Like I said earlier this person is most likely better off in finding someone else to pay on their education, unless they feel like they really need it this early in their career.

 

imported_Imp

Diamond Member
Dec 20, 2005
9,148
0
0
Originally posted by: Barack Obama
Originally posted by: Imp
Originally posted by: TruePaige
Well if you are going into accounting as an example, you can't even sit for your CPA in most places with a BS.

Almost all the higher-ups at the accounting firm I worked for had MBAs. My unit was insolvency, so maybe that's the cream of the crop or "dream" accounting job.

I thought CA/CPAs were all thats required in accounting?

I have no idea. All of them had those (listed on company website), and most of them were vice-presidents, partners, the general partner, or on their way up.
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
81
Originally posted by: Imp
Originally posted by: Barack Obama
Originally posted by: Imp
Originally posted by: TruePaige
Well if you are going into accounting as an example, you can't even sit for your CPA in most places with a BS.

Almost all the higher-ups at the accounting firm I worked for had MBAs. My unit was insolvency, so maybe that's the cream of the crop or "dream" accounting job.

I thought CA/CPAs were all thats required in accounting?

I have no idea. All of them had those (listed on company website), and most of them were vice-presidents, partners, the general partner, or on their way up.

The educational standard now is to have 150 semester credits (225 quarter credits) to sit for the CPA exam - this is almost uniform. I think there are maybe one or two states that haven't conformed. For most students they can achieve that by getting a dual concentration (like a lot of the business majors at the UW did) or by getting a professional accounting degree.

Actually, to address what Imp is referring to, I think it used to be standard practice to get an MBA once you reached a managerial capacity or were on the cusp of getting promoted. I think the value of an MBA has been somewhat diluted so you will see that trend changing, but it will be standard still to have managerial level and higher with dual degrees or a master's.
 
May 16, 2000
13,522
0
0
Originally posted by: TruePaige
Originally posted by: PrinceofWands
Originally posted by: TruePaige
Originally posted by: PrinceofWands
Originally posted by: Zugzwang152
Will improve your advancement potential in management or in teaching. Benefits for non-management advancement is highly dependent on what field you're in.

Just like any other degree, from high school diploma on up, people get them to advance their career and earnings potential, not to actually learn anything.

No. Most people probably do, but not all. Many (like me) still believe strongly that school is entirely about education, and that education is entirely about self-fulfillment and world betterment.

But if you can do both it is like a threesome that results in the child that is future success.

It's a happy addition if you can make any kind of living off it, but it wouldn't change any part of my schooling. Jobs/money are totally meaningless to me.

No they aren't. Maybe it's not the most important factor but let us be honest with each other...

You wouldn't work in a McDonalds for life just so you could gain knowledge that you would never be able to use/explore/grow (travel, create, network) because of your poor financial standing.

Well, I wouldn't work at McDonalds because I don't agree with their employment policies or particularly like their product. I could do everything I want to do in life on the salary they pay however. I've never made more than 30k in a year in my life (many years averaging 10-15k), but have been in school half of my adult life, traveled some of the world (with more coming soon), and done pretty much whatever I wanted, whenever I wanted.

I'm able to do that BECAUSE jobs/money mean nothing to me. When I want to do something, I do it. If there's something about a job I don't like, I refuse to do it. Period. It loses me a LOT of jobs (I've had about 40, I'm 37yrs old). Doesn't phase me in the least. The ONLY thing a job is to me is a way to make enough to live, and ANY job can do that. A job is NOT what's important in life, it's what gets in the way of what's important in life.
 

Reckoner

Lifer
Jun 11, 2004
10,851
1
81
Originally posted by: PrinceofWands
Originally posted by: TruePaige
Originally posted by: PrinceofWands
Originally posted by: TruePaige
Originally posted by: PrinceofWands
Originally posted by: Zugzwang152
Will improve your advancement potential in management or in teaching. Benefits for non-management advancement is highly dependent on what field you're in.

Just like any other degree, from high school diploma on up, people get them to advance their career and earnings potential, not to actually learn anything.

No. Most people probably do, but not all. Many (like me) still believe strongly that school is entirely about education, and that education is entirely about self-fulfillment and world betterment.

But if you can do both it is like a threesome that results in the child that is future success.

It's a happy addition if you can make any kind of living off it, but it wouldn't change any part of my schooling. Jobs/money are totally meaningless to me.

No they aren't. Maybe it's not the most important factor but let us be honest with each other...

You wouldn't work in a McDonalds for life just so you could gain knowledge that you would never be able to use/explore/grow (travel, create, network) because of your poor financial standing.

Well, I wouldn't work at McDonalds because I don't agree with their employment policies or particularly like their product. I could do everything I want to do in life on the salary they pay however. I've never made more than 30k in a year in my life (many years averaging 10-15k), but have been in school half of my adult life, traveled some of the world (with more coming soon), and done pretty much whatever I wanted, whenever I wanted.

I'm able to do that BECAUSE jobs/money mean nothing to me. When I want to do something, I do it. If there's something about a job I don't like, I refuse to do it. Period. It loses me a LOT of jobs (I've had about 40, I'm 37yrs old). Doesn't phase me in the least. The ONLY thing a job is to me is a way to make enough to live, and ANY job can do that. A job is NOT what's important in life, it's what gets in the way of what's important in life.


Damn... I actually kind of envy you.
 
May 16, 2000
13,522
0
0
Originally posted by: Reckoner
Originally posted by: PrinceofWands
Originally posted by: TruePaige
Originally posted by: PrinceofWands
Originally posted by: TruePaige
Originally posted by: PrinceofWands
Originally posted by: Zugzwang152
Will improve your advancement potential in management or in teaching. Benefits for non-management advancement is highly dependent on what field you're in.

Just like any other degree, from high school diploma on up, people get them to advance their career and earnings potential, not to actually learn anything.

No. Most people probably do, but not all. Many (like me) still believe strongly that school is entirely about education, and that education is entirely about self-fulfillment and world betterment.

But if you can do both it is like a threesome that results in the child that is future success.

It's a happy addition if you can make any kind of living off it, but it wouldn't change any part of my schooling. Jobs/money are totally meaningless to me.

No they aren't. Maybe it's not the most important factor but let us be honest with each other...

You wouldn't work in a McDonalds for life just so you could gain knowledge that you would never be able to use/explore/grow (travel, create, network) because of your poor financial standing.

Well, I wouldn't work at McDonalds because I don't agree with their employment policies or particularly like their product. I could do everything I want to do in life on the salary they pay however. I've never made more than 30k in a year in my life (many years averaging 10-15k), but have been in school half of my adult life, traveled some of the world (with more coming soon), and done pretty much whatever I wanted, whenever I wanted.

I'm able to do that BECAUSE jobs/money mean nothing to me. When I want to do something, I do it. If there's something about a job I don't like, I refuse to do it. Period. It loses me a LOT of jobs (I've had about 40, I'm 37yrs old). Doesn't phase me in the least. The ONLY thing a job is to me is a way to make enough to live, and ANY job can do that. A job is NOT what's important in life, it's what gets in the way of what's important in life.


Damn... I actually kind of envy you.

Don't, most people would NOT enjoy it, or be able to handle it. I just have a somewhat rare personality type and ideology.

I don't recommend my extremism to anyone. However, I really do believe my attitude about education is the correct one. With a PROPER education, you can do ANY job successfully, and a LOT MORE besides. There is simply no aspect of life which is not improved through a good, rounded education. Nor is there a single person who is not bettered by more education, regardless of what their current level is. It doesn't have to be the typical college education, or even regimented, but some kind of broad learning. The specialized job training programs that are called degrees today are an abomination, and cause much harm to society as a whole.

I worship intelligence and education the way a fundie evan* clings to Jesus.

**NOTE: I've just noticed that 'fundamentalist evangelical', when abbreviated, combines rather nicely into 'fundevan'. I will henceforth be using this shorter term. That is all. :cool:
 

RoloMather

Golden Member
Sep 23, 2008
1,598
1
0
Originally posted by: nick1985
Originally posted by: Barack Obama
Originally posted by: nick1985
Originally posted by: TridenTBoy3555
Originally posted by: Fenixgoon
Originally posted by: Riceninja
so you can live with regret knowing how close you came to a phd.

lawlz.

sorry, but a phd is not worth wasting another 5 years of my 20's living as a broke-ass student, when i can be making 4-5x as much as a BS or BS/MS (i am doing a combined BS/MS program)

Really-really not worth it for engineering.

Arnt you like 18? How do you know anything about life, you dolt?

Aren't you 21? How do you know anything about life, you dolt?

Im actually 24 and graduated from college with two degrees, which puts me in a much better position to post in a thread like this when compared to a 80 pound crater-faced teenage wiener.

:laugh:
 

Farang

Lifer
Jul 7, 2003
10,913
3
0
Originally posted by: PrinceofWands
Originally posted by: Reckoner
Originally posted by: PrinceofWands
Originally posted by: TruePaige
Originally posted by: PrinceofWands
Originally posted by: TruePaige
Originally posted by: PrinceofWands
Originally posted by: Zugzwang152
Will improve your advancement potential in management or in teaching. Benefits for non-management advancement is highly dependent on what field you're in.

Just like any other degree, from high school diploma on up, people get them to advance their career and earnings potential, not to actually learn anything.

No. Most people probably do, but not all. Many (like me) still believe strongly that school is entirely about education, and that education is entirely about self-fulfillment and world betterment.

But if you can do both it is like a threesome that results in the child that is future success.

It's a happy addition if you can make any kind of living off it, but it wouldn't change any part of my schooling. Jobs/money are totally meaningless to me.

No they aren't. Maybe it's not the most important factor but let us be honest with each other...

You wouldn't work in a McDonalds for life just so you could gain knowledge that you would never be able to use/explore/grow (travel, create, network) because of your poor financial standing.

Well, I wouldn't work at McDonalds because I don't agree with their employment policies or particularly like their product. I could do everything I want to do in life on the salary they pay however. I've never made more than 30k in a year in my life (many years averaging 10-15k), but have been in school half of my adult life, traveled some of the world (with more coming soon), and done pretty much whatever I wanted, whenever I wanted.

I'm able to do that BECAUSE jobs/money mean nothing to me. When I want to do something, I do it. If there's something about a job I don't like, I refuse to do it. Period. It loses me a LOT of jobs (I've had about 40, I'm 37yrs old). Doesn't phase me in the least. The ONLY thing a job is to me is a way to make enough to live, and ANY job can do that. A job is NOT what's important in life, it's what gets in the way of what's important in life.


Damn... I actually kind of envy you.

Don't, most people would NOT enjoy it, or be able to handle it. I just have a somewhat rare personality type and ideology.

I don't recommend my extremism to anyone. However, I really do believe my attitude about education is the correct one. With a PROPER education, you can do ANY job successfully, and a LOT MORE besides. There is simply no aspect of life which is not improved through a good, rounded education. Nor is there a single person who is not bettered by more education, regardless of what their current level is. It doesn't have to be the typical college education, or even regimented, but some kind of broad learning. The specialized job training programs that are called degrees today are an abomination, and cause much harm to society as a whole.

I worship intelligence and education the way a fundie evan* clings to Jesus.

**NOTE: I've just noticed that 'fundamentalist evangelical', when abbreviated, combines rather nicely into 'fundevan'. I will henceforth be using this shorter term. That is all. :cool:


the hobo life.. reminds me of something I read once

I'd tried my best to appreciate a good ride but could only lay flat on the caboose seat with my face buried in my bundled jacket and every conductor from San Jose to Los Angeles had had to wake me up to ask about my qualifications, I was a brakeman's brother and a brakeman in Texas Division myself, so whenever I looked up thinking "Ole Jack you are now actually riding in a caboose and going along the surf on the spectrallest railroad you'd ever in your wildest little dreams wanta ride, like a kid's dream, why is it you cant lif your head and look out there and appreciate the feathery shore of California the last land being feathered by fine powdery skeel of doorstop sills of doorstep water weaving in from every Orient and bay boom shroud from here to Cattereas Flapperas Voldivious and Gratteras, boy," but I'd raise my head, and nothing there was to see, except my bloodshot soul, and vague hints of an unreal moon shinin on an unreal sea, and the flashby quick of the pebbles of the road bed, the rail in the starlight.
 
May 16, 2000
13,522
0
0
Originally posted by: Farang
Originally posted by: PrinceofWands
Originally posted by: Reckoner
Originally posted by: PrinceofWands
Originally posted by: TruePaige
Originally posted by: PrinceofWands
Originally posted by: TruePaige
Originally posted by: PrinceofWands
Originally posted by: Zugzwang152
Will improve your advancement potential in management or in teaching. Benefits for non-management advancement is highly dependent on what field you're in.

Just like any other degree, from high school diploma on up, people get them to advance their career and earnings potential, not to actually learn anything.

No. Most people probably do, but not all. Many (like me) still believe strongly that school is entirely about education, and that education is entirely about self-fulfillment and world betterment.

But if you can do both it is like a threesome that results in the child that is future success.

It's a happy addition if you can make any kind of living off it, but it wouldn't change any part of my schooling. Jobs/money are totally meaningless to me.

No they aren't. Maybe it's not the most important factor but let us be honest with each other...

You wouldn't work in a McDonalds for life just so you could gain knowledge that you would never be able to use/explore/grow (travel, create, network) because of your poor financial standing.

Well, I wouldn't work at McDonalds because I don't agree with their employment policies or particularly like their product. I could do everything I want to do in life on the salary they pay however. I've never made more than 30k in a year in my life (many years averaging 10-15k), but have been in school half of my adult life, traveled some of the world (with more coming soon), and done pretty much whatever I wanted, whenever I wanted.

I'm able to do that BECAUSE jobs/money mean nothing to me. When I want to do something, I do it. If there's something about a job I don't like, I refuse to do it. Period. It loses me a LOT of jobs (I've had about 40, I'm 37yrs old). Doesn't phase me in the least. The ONLY thing a job is to me is a way to make enough to live, and ANY job can do that. A job is NOT what's important in life, it's what gets in the way of what's important in life.


Damn... I actually kind of envy you.

Don't, most people would NOT enjoy it, or be able to handle it. I just have a somewhat rare personality type and ideology.

I don't recommend my extremism to anyone. However, I really do believe my attitude about education is the correct one. With a PROPER education, you can do ANY job successfully, and a LOT MORE besides. There is simply no aspect of life which is not improved through a good, rounded education. Nor is there a single person who is not bettered by more education, regardless of what their current level is. It doesn't have to be the typical college education, or even regimented, but some kind of broad learning. The specialized job training programs that are called degrees today are an abomination, and cause much harm to society as a whole.

I worship intelligence and education the way a fundie evan* clings to Jesus.

**NOTE: I've just noticed that 'fundamentalist evangelical', when abbreviated, combines rather nicely into 'fundevan'. I will henceforth be using this shorter term. That is all. :cool:


the hobo life.. reminds me of something I read once

I'd tried my best to appreciate a good ride but could only lay flat on the caboose seat with my face buried in my bundled jacket and every conductor from San Jose to Los Angeles had had to wake me up to ask about my qualifications, I was a brakeman's brother and a brakeman in Texas Division myself, so whenever I looked up thinking "Ole Jack you are now actually riding in a caboose and going along the surf on the spectrallest railroad you'd ever in your wildest little dreams wanta ride, like a kid's dream, why is it you cant lif your head and look out there and appreciate the feathery shore of California the last land being feathered by fine powdery skeel of doorstop sills of doorstep water weaving in from every Orient and bay boom shroud from here to Cattereas Flapperas Voldivious and Gratteras, boy," but I'd raise my head, and nothing there was to see, except my bloodshot soul, and vague hints of an unreal moon shinin on an unreal sea, and the flashby quick of the pebbles of the road bed, the rail in the starlight.

While I'm not overly fond of Kerouac, the man could definitely turn a phrase.

It's not a hobo life at all. Own a house, have all the toys, etc. I just don't fall victim to materialism or consumerism beyond what's important, and that frees up enough to pursue my passions. Well, that and taking the personal responsibility to learn to do for myself so I don't have to give what little I have to others to do it.
 

TruePaige

Diamond Member
Oct 22, 2006
9,874
2
0
Originally posted by: allisolm
Originally posted by: TruePaige
Well if you are going into accounting as an example, you can't even sit for your CPA in most places with a BS.

No state requires you to have any degree higher than a BS to sit for the CPA exam.

That's not true at all.

Pennsylvania will let you sit for the CPA but won't grant you a license until you have a masters.

http://www.beckercpa.com/pennsylvania/index.cfm

Also pretty much every state (except 2) requires 150 hours of coursework which, for many people, is more than they have completed by the time they have their BS so for focused accounting students a Masters pretty much matches up exactly with the requirement.
 

TruePaige

Diamond Member
Oct 22, 2006
9,874
2
0
Originally posted by: Barack Obama
Originally posted by: TruePaige
Originally posted by: Fenixgoon
Originally posted by: TruePaige
Originally posted by: Fenixgoon
Originally posted by: Riceninja
so you can live with regret knowing how close you came to a phd.

lawlz.

sorry, but a phd is not worth wasting another 5 years of my 20's living as a broke-ass student, when i can be making 4-5x as much as a BS or BS/MS (i am doing a combined BS/MS program)

Masters to Phd doesn't have to take 5 years...0.o

seems like most people spend 3-5 years for engineering. either way, i'm tired of living like a student, nor do i want to become any more of a professional student than i already am. i want to *do* things :p

Not familiar with that. I know some engineering programs in general take a long time. :)

I've always thought that if I go past Masters to Phd I want to get it done with VERY fast. Mainly because the accounting program has very few Phd granting universities and I wouldn't drive an hour and a half a day or live in Richmond more than a few years.

Why would you want to do a PhD in accounting? Unless you want to "research" I can't see the point. Over here, CA/CPA is all thats required.

Teaching. :)
 

Farang

Lifer
Jul 7, 2003
10,913
3
0
I mean hobo in the Kerouac sense, not in what a lot of people take it to mean now. I think a hobo would generally agree with your sentiments, but probably not have the house and the toys. To get a house and toys, at some point you have had to give up your ideals because I don't see how that happens ALWAYS doing whatever you want wherever you want.
 
May 16, 2000
13,522
0
0
Originally posted by: Farang
I mean hobo in the Kerouac sense, not in what a lot of people take it to mean now. I think a hobo would generally agree with your sentiments, but probably not have the house and the toys. To get a house and toys, at some point you have had to give up your ideals because I don't see how that happens ALWAYS doing whatever you want wherever you want.

Nope. The house, well, that was cheesy because I inherited it.

But keeping it up, and buying my toys, and taking my trips...that's all done on minimum wage or just over, with frequent job changes.

Obviously there are moderate sacrifices made...I go in to work most of the time, when I'd rather be reading or playing. However I only do it when I can stand the job, and have nothing else major planned. I would never miss something I wanted in order to work. I just won't do that. And I would NEVER do something I didn't believe in, and have had to lose jobs frequently over it.
 

allisolm

Elite Member
Administrator
Jan 2, 2001
25,342
5,010
136
Originally posted by: TruePaige
Originally posted by: allisolm
Originally posted by: TruePaige
Well if you are going into accounting as an example, you can't even sit for your CPA in most places with a BS.

No state requires you to have any degree higher than a BS to sit for the CPA exam.

That's not true at all.

Pennsylvania will let you sit for the CPA but won't grant you a license until you have a masters.

http://www.beckercpa.com/pennsylvania/index.cfm

Also pretty much every state (except 2) requires 150 hours of coursework which, for many people, is more than they have completed by the time they have their BS so for focused accounting students a Masters pretty much matches up exactly with the requirement.

I'm certainly willing to admit that you know more about this than I do, but the site you linked to says differently. It says you don't have to have 150 hrs or a master's to get your license in PA. This site says the same thing. What am I missing?
 

TruePaige

Diamond Member
Oct 22, 2006
9,874
2
0
Originally posted by: allisolm
Originally posted by: TruePaige
Originally posted by: allisolm
Originally posted by: TruePaige
Well if you are going into accounting as an example, you can't even sit for your CPA in most places with a BS.

No state requires you to have any degree higher than a BS to sit for the CPA exam.

That's not true at all.

Pennsylvania will let you sit for the CPA but won't grant you a license until you have a masters.

http://www.beckercpa.com/pennsylvania/index.cfm

Also pretty much every state (except 2) requires 150 hours of coursework which, for many people, is more than they have completed by the time they have their BS so for focused accounting students a Masters pretty much matches up exactly with the requirement.

I'm certainly willing to admit that you know more about this than I do, but the site you linked to says differently. It says you don't have to have 150 hrs or a master's to get your license in PA. This site says the same thing. What am I missing?

It was under additional education requirements. Some states will let you sit for your exam with either 120 hours of education (For most people 120 is just a BS), but require 150 (or a masters in some cases, though slightly over 150 hours gets you a masters anyway) + experience in many cases to be granted your license.

The big point I was trying to make is that a lot of people get a masters that have CPA's because the 150 hours surpasses their BS education and a lot of schools have it arranged (or at least the one I'm going to) so that you get your masters during the course of your education (at least the one I'm going to has it as getting your masters, taking a four week "boot camp" after graduation, and then take the exam).
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
81
Originally posted by: TruePaige
Originally posted by: allisolm
Originally posted by: TruePaige
Originally posted by: allisolm
Originally posted by: TruePaige
Well if you are going into accounting as an example, you can't even sit for your CPA in most places with a BS.

No state requires you to have any degree higher than a BS to sit for the CPA exam.

That's not true at all.

Pennsylvania will let you sit for the CPA but won't grant you a license until you have a masters.

http://www.beckercpa.com/pennsylvania/index.cfm

Also pretty much every state (except 2) requires 150 hours of coursework which, for many people, is more than they have completed by the time they have their BS so for focused accounting students a Masters pretty much matches up exactly with the requirement.

I'm certainly willing to admit that you know more about this than I do, but the site you linked to says differently. It says you don't have to have 150 hrs or a master's to get your license in PA. This site says the same thing. What am I missing?

It was under additional education requirements. Some states will let you sit for your exam with either 120 hours of education (For most people 120 is just a BS), but require 150 (or a masters in some cases, though slightly over 150 hours gets you a masters anyway) + experience in many cases to be granted your license.

The big point I was trying to make is that a lot of people get a masters that have CPA's because the 150 hours surpasses their BS education and a lot of schools have it arranged (or at least the one I'm going to) so that you get your masters during the course of your education (at least the one I'm going to has it as getting your masters, taking a four week "boot camp" after graduation, and then take the exam).

Agreed. This is becoming standard with the big accounting schools.
 

Orsorum

Lifer
Dec 26, 2001
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I stand corrected. The 150/225 credit hour requirement is for licensure, not for sitting for the exam. I usually conflate the two since I sat and got my license after I'd achieved the 225 qtr hour requirement, but yes, you can sit for the exam before you've reached the credit hour requirements in a substantial number of states.

Props to Allisolm. :)
 

TruePaige

Diamond Member
Oct 22, 2006
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Originally posted by: Orsorum
I stand corrected. The 150/225 credit hour requirement is for licensure, not for sitting for the exam. I usually conflate the two since I sat and got my license after I'd achieved the 225 qtr hour requirement, but yes, you can sit for the exam before you've reached the credit hour requirements in a substantial number of states.

Props to Allisolm. :)

I said above that you could SIT for the exam in most places with just a BS, but also stated that the point was to become licensed, so most people that get licensed today have masters. :)

It's even on the page I linked. "150 Semester Hours Required to Sit for the Exam? No."