For obtaining the CPA license, the majority of state requires a bachelor and/or masters degree in Accounting.
For obtaining the CFA license, the majority of applicants have a college degree / background in Finance.
Su recommends the following next steps:
Jonathan G.’s Answer
Some undergrad degrees/programs may offer you the eligible credits needed to sit for the CPA exam but where they do not, I've seen peers take extra courses or obtain a MBA to fulfill the CPA requirements.
Studying for the CPA exam - I found review materials like Becker to be exceptionally helpful. If you have an offer from a firm, oftentimes the firms
will pay or reimburse the cost of the review materials.
There is definitely discipline that goes into studying and taking the exam.
Lastly, I'd say it's also important to understand the timeline to passing each of the parts of the CPA and plan accordingly so that parts that have been passed do not expire before all sections are completed.
A CFP you need to hold a bachelors and have 3 years fulltime personal finance management under your belt, pass CFP coursework and then you need to pass the CFP exam to be accredited.
Both of these roles are registered with FINRA - Financial Industry Regulatory Authority - they watch over brokers and broker dealers to make sure they are holding the client's best interest (fiduciary responsibility definitely be familiar with this term if you decide on this route). I recommend you familiarize yourself with this website for the rules and requirements.
My advice in this career path is always be researching, have news updates of the markets on your phone. This career path has been described as a 100 ft pool but 1 ft deep of water. What I mean is you don't need to be some financial whiz, but it's going to benefit you to know a little bit about a lot of subjects (tax law, investment strategies, real estate law, goal-planning, FDIC requirements, etc). The more you expose yourself to the career field the more you'll learn. This career is ultimately about building relationships with clients and them trusting you with their assets. So it is important to know what you're talking about. Hope this helps! Good Luck!
Brandon recommends the following next steps:
Megan recommends the following next steps:
Any business related degree would suffice for becoming a CPA/financial advisor. If you want to go for CPA in certain states you need to get Masters. For certain states you could get 150 credit hours instead of a masters degree, or a dual degree. CPA is a broader exam and will leads to more career options. Another option is to go for EA exam which are smaller but is for tax only.