OT: Knocking out the Exams while deciding to be unemployed.

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    Topic
  • #172585
    Anonymous
    Inactive

    Out of curiosity, I wanted to know what would be Pros/Cons of trying to knock out the exams while deciding to be unemployed. Feel free to share your thoughts.

Viewing 6 replies - 1 through 6 (of 6 total)
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  • #356583
    wingsxzhao
    Member

    I don't think it's a good idea.

    Can I ask u two questions:

    1. How long did u work?

    2. What's your motivation to take the CPA exams?

    California

    BEC: 05/11 PASSED
    AUD: 02/12 72; 04/12 PASSED
    REG: 04/11 64; 11/11 PASSED
    FAR: 08/11 66; 05/12 PASSED

    Ethics: Passed

    #356584
    Whatdidyou
    Member

    Deciding to be unemployed?

    Con: not being able to find a job again, loss of income, gap in resume,…etc.

    If you already have great experience and are super confident that you'll be able to get a job (remember:CPA is not a magic bullet) then maybe it'd be okay. In other words: I wouldn't quit my job to pass the CPA unless I already had 2-3ish years of Big 4 experience. But that's just me.

    I'm not saying it can't work out but it's very risky. I'm risk-averse.

    REG - Passed!!
    BEC - Passed
    FAR - Passed
    AUD - Passed

    Study Materials: Becker basic course

    #356585
    Anonymous
    Inactive

    @ wingsxzhao: I worked for Big 4 for 6 months after graduating with my undergrads last year and end up deciding it was not for me. I was unable to transition to another job due to amount of traveling I did. I was in audit. I'm very motivated to pass by the end of this year.

    @ Whatdidyou: Would taking some time off to knock out the CPA exam be a legitimate explanation for gaps on the resume?

    #356586
    Mayo
    Participant

    Personally, I would not be impressed with that explanation if I were interviewing/hiring someone. But that's just my personal opinion.

    If you frame it as “I left my firm for X reason, and I decided to use my time wisely and pass the CPA exam” then yah, that'd work for me.

    Mayo, BBA, Macc

    #356587
    LongJourney
    Member

    @CPAski I'll share with you my “successful” personal experience, I left my old job for reasons unrelated to CPA and I decided to take all CPA parts at once. I had plenty of time to study and I was able to pass all parts within an extremely short amount of time (started studying at the end of November 2011, finished all four parts by February 2012). Now let me tell you why this is a HORRIBLE IDEA:

    1- Even without a job you will get distracted by unplanned things. I had my unplanned event less than one month before the exam and let me tell you, a job would have been less distracting.

    2- having nothing going on in your life other than CPA will make you go nuts. At one point of time I ACTUALLY WISHED TO SEE A FAILING SCORE JUST TO GET OVER THE WAIT.

    3- How much time are you planning to stay unemployed to study? Let us take the best case scenario, two months of studying, one month of examination, one month of waiting for the results, two months to get a license. Under the assumption that you do pass, that is at least 6 months of unemployment so you can use the CPA title on your resume.

    4- The unemployment gap explanation won't impress recruiters. They might simply claim that it was easy for you to pass since you had nothing else to do and might even get the wrong impression that you can't handle heavy work pressure.

    5- The CPA alone won't get you a job. Networking & experience are more important. If you are short on both, don't quit your job.

    If you are still unmarried and the work pressure is normal, you can pass all four parts within six months without leaving your job especially if you are highly motivated.

    REG: 80 (02/02/2012)
    FAR: 91 (02/06/2012)
    AUD: 89 (02/09/2012)
    BEC: 79 (02/12/2012)

    Ethics: 90 (02/11/2012)

    #356588
    makinthemagic
    Participant

    That's what I did. I finished up BEC and a friend called needing someone to cover a maternity leave at his work. Despite my best attempts to not get hired, they made me work. I started work right when I started studying for FAR. It was tough. Went to work in the AM and spent all day trying to learn that job. Then went home and tried to learn FAR. The job stretched through AUD and almost to the end of REG. Right when I was ready to enjoy just working again, I was back to the job search.

    Bec 4/11/11 91
    Aud 7/11/11 75
    Reg 8/31/11 80
    Far 5/24/11 86
    Ethics - 98
    California Licensed CPA
    Illinois Registered CPA

Viewing 6 replies - 1 through 6 (of 6 total)
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