Yes, becoming a CPA is highly worth it in 2025 due to a severe industry-wide talent shortage, with employment for CPAs projected to grow by 22% through 2028. It offers high job security, a salary advantage of 5-15% over non-certified peers, and acts as a shield against AI automation by focusing on high-level, strategic advisory roles.
The CPA credential remains a cornerstone of the profession, but new data indicate its prominence is steadily declining. Between 2020 and 2024, the average percentage of staff holding CPA licenses across all firms dropped from 56.0 percent to 48.4 percent.
Absolutely. While public accounting firms highly value CPA certification, corporate employers, government agencies, and non-profit organizations also prefer CPA-certified candidates for senior financial positions. The credential provides credibility and expertise valuable across all sectors.
2025 CPA Exam testing - Core sections
The Core sections of the CPA Exam (FAR, AUD, and REG) will be available with continuous testing in 2025, so you will have significantly more freedom in when you can schedule your exam.
We're also seeing very high demand for many accounting positions through 2025, from entry-level positions up to senior-level management positions. Staff accountants are essential to the day-to-day accuracy of an organization's financial operations and are often the backbone of an accounting department.
Can AI replace CPAs entirely? No. While AI can automate tasks like tax preparation, audits, and compliance reporting, it cannot replace human judgment, ethical decision-making, and advisory expertise that clients value.
Far from being a temporary inconvenience, the CPA shortage is a looming crisis. The American Institute of CPAs (AICPA) has estimated that 75% of today's CPAs will retire within the next 15 years, far exceeding the number of accounting professionals entering the workforce.
CPAs are quitting due to intense burnout from long hours, heavy workloads, and poor work-life balance, compounded by low salaries relative to other fields, monotonous tasks, and limited growth opportunities, with younger professionals also concerned about AI's future impact and a lack of purpose, creating a significant industry-wide talent shortage.
Comparison between CA and CPA
It is difficult to determine which of these professions offers a higher salary, as the salary of a CA or CPA can vary greatly based on several factors. However, in general, CAs tend to earn slightly more than CPAs in India.
Con: Accounting Can Be Stressful at Times
Accountants are under high “stress during busy seasons, especially during tax season, when the hours can be very long,” says Dr. Machuca. Despite the benefits, an accounting career often brings tight deadlines, long hours, and high volumes of work during the annual tax season.
Accounting Today reported that the U.S. Bureau of Labor Statistics projects a 5% decline in bookkeeping, accounting and auditing jobs by 2023 due to technological advancements. These factors make students question the long-term viability of accounting as a career.
By 2030, 1 million accountants will lose their jobs. According to the World Economic Forum, more than 1 million jobs will be eliminated in accounting roles, including bookkeepers, accounts payable clerks, and auditors. In terms of professionals, only bank tellers and cashiers had worse forecasts.
To be in the top 1% of US earners, you generally need an income well over $700,000 nationally, with figures around $794,000 cited for recent years, but this varies significantly by state, requiring over $1 million in places like Connecticut and Massachusetts, while being around $400,000-$450,000 in lower-cost states like West Virginia and Mississippi.
It's a prestigious and highly respected designation that prepares you for an accounting career in Canada. It also has higher pass rates and facilitated modules. US CPA exams are somewhat easier due to the objective format of the questions and extended exam windows.
A common complaint from CPA candidates concerns the enormity of the exam material. Since accounting concerns itself with frequently changing statutes and laws, there are many details one has to commit to memory. Another way to put it is that there are more than 600 key points packaged into representative tasks.