Experts project significant growth in accounting and CPA jobs across the U.S. in 2025, driven by increasing complexity in financial regulations and a shortage of qualified professionals. According to the Bureau of Labor Statistics, the demand for accountants and auditors is expected to grow by 6% by 2033, indicating steady and long-term career opportunities in this field.
Despite this positive outlook, many students remain uncertain about pursuing a CPA or a Master’s in Accounting. In this blog, we’ll explore the key differences between the two paths—CPA vs Master’s in Accounting, to help you make an informed decision about your education and career.
Source: Bureau of Labor Statistics, The US
CPA vs. Master’s in Accounting: Which Is Better and Why?
Choosing between a CPA and a Master’s in Accounting can be challenging, especially when both offer strong career prospects in the evolving world of finance. Understanding each path’s key differences, benefits, and career outcomes is essential to making the right choice.
Master’s Degree – A Lifetime Credential
When considering which is better, a CPA or a Master’s in Accounting is the better option, students should keep in mind that a master’s degree is a lifelong credential. Unlike certifications that require periodic renewal, a master’s degree remains valid indefinitely. The time, money, and effort invested in earning this degree remain valuable throughout one’s career.
Master’s Degree – Specialized Skills
While an undergraduate degree covers accounting fundamentals, a master’s degree program allows students to deepen their expertise and develop advanced, specialized skills. These programs often offer focus areas such as financial operations, taxation, or auditing, enhancing job prospects in those niches. Additionally, students can broaden their skill sets in high-demand areas like information systems and data analysis, setting themselves apart from other professionals in the field.
Also Read: Top Masters in Accounting Programs: Finding the Best Fit for Your Career
Master’s Degree – Upward Mobility
Many employers in the US are looking for qualified candidates to fill leadership roles in their accounting divisions. Labor market analytics firms say that companies post many jobs for auditors and accountants with a master’s degree. Thus, by investing in such education, students can advance their careers and progress to the highest leadership levels in the organizations they work for. A master’s degree also provides students with numerous opportunities to network.
CPA – A Prestigious License
The CPA (Certified Public Accountant) license is widely recognized as one of the most prestigious credentials in the accounting profession. It signifies high expertise, ethical standards, and commitment to the field. A CPA license opens doors to advanced career opportunities, higher earning potential, and greater professional credibility. It is especially valued in public accounting, auditing, and financial consulting roles.
CPA – Higher Salaries
According to reputable labor market analytics firms like EMSI, auditors and accountants holding a CPA license earn a median advertised salary approximately USD 10,000 higher than the average. This salary gap means that in comparing CPA vs Master’s in Accounting salaries, the CPA often comes out ahead, making it a more lucrative option for many professionals.
Also Read: MBA Accounting vs. Master of Science in Accountancy: Which is Right for You?
CPA – High Demand among Employers
The high demand for CPA license holders among employers is also vital regarding the Master’s vs CPA comparisons. The job market for auditors and accountants with a CPA license is enormous in the US. This is especially true of candidates looking to work in public accounting firms, where a CPA is necessary for progressing beyond entry. Having the license means the individual is devoted to maintaining professional excellence.
CPA vs. Master’s in Accounting – Do You Need Both?
In many cases, students may not need to choose strictly between a Master’s in Accounting and a CPA. However, it’s essential to understand the key differences between these paths before making any decisions.
| Aspect | CPA | Master’s in Accounting |
| Purpose | Licensure | Academic and Professional Growth |
| Duration | A maximum of 2 years with prep. | 1-2 years full-time. |
| Recognition | Global | Academic, region-specific |
| Career Impact | Needed for public accounting. | Useful in corporate roles. |
Coming back to the situations where a Master’s in Accounting and CPA can prove beneficial for students, a master’s degree helps them meet the requirements needed to take the CPA exam. Both of these are complementary professional credentials, and having the combination in one’s CV can help one stand out.
Also Read: Online Master’s in Accounting: Pros, Cons, and Career Outcomes
Gain a Competitive Edge in Accountancy through Edgewood
The Master of Science in Accountancy program at Edgewood College, through Edgewood, offers students three pathways to boost their careers in this competitive era. These courses provide students with advanced accounting and tax skills, making them highly sought-after financial advisors for all organizations. They also broaden their knowledge and understanding of contemporary accounting practices.
- Online MS in Accountancy in Business Analysis and Reporting
- Online MS in Accountancy in Tax Compliance and Strategy
- Online MS in Accountancy in Information Systems and Controls
FAQs
Q: What’s the difference between a CPA and a Master’s in Accounting?
Ans: The main difference in CPA vs Masters in Accounting is that a CPA is a professional license for practicing accountants, while a Master’s in Accounting is an academic degree focused on advanced accounting knowledge.
Q: Which is better for my career: CPA or Master’s in Accounting?
Ans: The best choice between a CPA and a Master’s in Accounting depends on the student’s specific interests and goals. Both programs are prestigious and lead to lucrative career opportunities.
Q: Can I become a CPA without a Master’s degree?
Ans: Yes, students can indeed become CPAs even if they do not have a Master’s Degree. Students who pursue a Master’s degree for CPAs do so to satisfy the clause regarding required credit hours.
Q: Which credential leads to a higher salary: CPA or Master’s?
Ans: Both a CPA and a Master’s degree in Accounting can help students earn higher salaries than they are earning now. However, a CPA usually offers a higher earning potential.
Q: Is it worth doing both CPA and a Master’s in Accounting?
Ans: Yes, because a Master’s degree in Accounting can help you in several ways with the CPA, such as satisfying the credit hours requirement needed to take the latter exam.
