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Can I advance as an accountant without a Certified Public Accountant (CPA) or a Certified Management Accountant (CMA) designation?

April 26, 2017Accountant certified Certified Public Accountant CMA CPA Management

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Can I advance as an accountant without a Certified Public Accountant (CPA) or a Certified Management Accountant (CMA) designation?

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Plenty of accountants work without a CPA. However, all else being equal, employers tend to prefer a CPA to a non-CPA candidate. Hudson Financial estimates that CPAs command a 5 percent premium over non-CPA accountants. A survey by the Institute of Management Accountants says the average salary for an accountant with either certification is $102,400 versus $80,700 for noncredentialed accountants.