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Topic: is CPA a good designation? (

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caper
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Joined: 05 Mar 2006
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Posts: 377

Posted: 03 Sep 2009 at 10:30 \| IP Logged

vicky wrote:

I did my grad school in Canada and I used to be a Canadian permanent resident. I worked as an engineer and the wages were the absolute pits just like other professional jobs. Just by crossing the border, I immediately doubled my paycheck (another major motivation to kiss the snow goodbye).

The median annual salary of an engineer in Ontario is $75,000.
Source: Ontario Society of Professional Engineers
http://www.students.ospe.on.ca/profession.html

The median annual salary of a chartered accountant in Ontario is $123,000.
Source: Institute of Chartered Accountants of Ontario
http://www.icao.on.ca/CA/CompensationSurvey/1007page4862.asp x

Peter Black
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Joined: 03 Dec 2006
Location: United States
Online Status: Offline
Posts: 27

Posted: 03 Sep 2009 at 16:32 \| IP Logged

caper wrote:

late bloomer wrote:

I seriously question your comments about the difficulty level of CA over CPA.

1. Perhaps, Canadian CA requirements are more structured, but comes down to same process. Did you get your CPA license without meeting experience requirement? US doesn't require you to be attached with a CPA firm, but that doesn't make US CPA easier.

Imagine the following scenario; to be able to sit for the exam in New York you must to be employed with one to the 43 CPA firms that are approved by the NY board of accountancy.

These 43 CPA firms have on average 2500 yearly openings.

Any student who wants to be a CPA is competing for one of the openings. It doesn't matter if there are 1000 accounting grads or 1 million, there are only 2500 available spots.

No job = no CPA exam = bye bye to your dream of becoming a CPA

No job = no CPA exam? Since when is that true?

http://www.op.nysed.gov/cpalic.htm

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