Should a CPA get an MBA or a JD?

Question:

Should a CPA get an MBA or a JD?

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Answer:

This depends on your career goals. If you already have the Certified Public Accountant (CPA) credential from the American Institute of Certified Public Accountants (AICPA), you may complete the Juris Doctor (JD) degree if you want to become a lawyer, judge or hearing officer. As a lawyer you will advise and represent individuals, businesses, and government agencies on legal issues and disputes, with a median pay of $122,960 in May 2019, according to the U.S. Bureau of Labor Statistics (BLS). As a judge or hearing officer you will apply the law by overseeing the legal process in courts, where the median annual wage for administrative law judges, adjudicators, and hearing officers was $97,870 in May 2019, while the median annual wage for judges, magistrate judges, and magistrates was $136,910 in May 2019.

Alternatively you can complete a Master of Business Administration (MBA) if you want a career as a financial manager or to become a chief executive officer (CEO). As a financial manager you will create financial reports, direct investment activities, and develop plans for the long-term financial goals of an organization, with a median pay of $129,890 in May 2019. You may also become a top executive (CEO) who plans strategies and policies to ensure that an organization meets its goals, with a median pay of $184,460 in May 2019 (BLS).

For more information about an MBA vs a JD, check out this article: JD Vs MBA: Salary & Career Options

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