Kenya is said to have highest growing numbers of universities in East Africa.
Everybody wants education young
or old, working or fresh form four leavers. Many programs are now
available in the institutions and the mode of study can now accommodate
even the working as proximity is now not a challenge. However, with
many new courses emerging; many are torn between what to study and what
not to study.
This article explains the pros and cons of MBA versus CPA options.
A few weeks ago, a student walked up to me and said: “Mwalimu (teacher) I’m confused”.
I did not understand what she meant so she continued: “A CPA or MBA programme? You see, I am good in math but I am not sure my analytical skills are sufficient to pursue financial analysis. I also
do not think I would like to get into banking.
Will I have to be an accountant my entire professional life?”
Well… Yes or No?
It depends on what you want to be.
If you like auditing and reviewing financial statements but not
banking, then Certified Public Accountant (CPA) training would be a good
choice. On the other hand, consulting or top management in financial
organisations would be the path to take for a Master of Business
Administration (MBA) student.
The corporate world is currently hiring more MBAs than CPAs in top management positions
because no matter what business you are in, from medium sized
family-owned to multi-million industries, an MBA can boost managerial
These programmes provide students with well-rounded global real case
studies, giving them an overview of many facets of a business. MBAs play
a key role in investment banking too and will additionally give you
some leverage if you are thinking of changing careers.
CPAs on the other hand command a lot of respect from their peers.
Just like an MBA graduate, they can use their training to diversify and
climb the corporate ladder. But CPAs will have competitive advantage in
Basically a CPA has the authority
to sign and audit reports because the programme specifically trains them
in accounting, auditing and taxation. CPA is the
preferred credential for financial management positions. It leans
towards more technical work, with focus on quantifiable academics
relating particularly to accounting principles and core ethics—with a
reasonably decent amount of business education.
MBA is the opposite. It provides intensive business and organisational structure with emphasis on hands-on training in various departments.
If you still cannot make up your mind about the different benefits of
either programmes, then pursue them both. This will make you more
valuable in the corporate world. These are two highly compatible courses
and the classes are quite similar which will save you some time while
expanding your professional options. It is up to the different
organisations to pick what skills they want for top financial positions.
But I prefer an MBA this graduate will fit into multiple areas of the
enterprise— from an analytical, financial and business point of view.
The leadership and management skills instilled at the MBA School could work well for businesses wanting to grow.
MBAs can effectively organise and combine information from multiple
sources to solve complex problems and make well informed judgments. They
should be equipped with data analysis and high-level integrated
reasoning skills to successfully steer business.
MBAs can work in almost every industry— from technology to products and services, healthcare or pharmaceuticals. With
the real case studies offered by this programme, graduates are familiar
with practical management situations and strategies. They will bring to
the table expertise from different areas as well as knowledge of how to
apply these skills to a long-term business plan.
CPA also boasts numerous benefits.
The new hire will keep track of and monitor financial records for
your business – but so will a number accounting software that is easy to
use, and will provide accurate monthly, bi-monthly, quarterly or annual
financial statements and or records, depending on how it is configured.
They would also make a great hire when it comes to keeping track and
working around taxation laws — but you would have to know their
qualifications and find out about their experience and expertise.
Whether you want to go back to school or change your career, or if
you are in business or top management and trying to recruit, the choice
is yours. But remember that the payoff from the choice you make will
always be in the results.
Source: Business Daily