Is 37 Too Old to Pursue a Degree and Prepare for the CPA Exam?
Many professionals believe that pursuing a degree, especially to become a CPA, must be done before the age of 30. However, is 37 years actually too old to start this journey?
The answer is a resounding no. In fact, many individuals successfully complete their degrees and switch careers precisely at this stage of life. Demonstrating the possibility of these late bloomers, many can achieve significant success while navigating both education and professional goals.
Lifelong Learning
Education is a lifelong journey, and many individuals return to the academic fold at various stages of their lives. It is empowering to recognize that the acquisition of knowledge and skills never truly stops, and that you can complete a degree at any age. For example, Lifelong Learning University, a program that caters to adult learners, offers flexible options to accommodate the diverse schedules of working professionals.
Experience and Perspective
The life and work experience of an adult student can provide valuable insights and skills that enhance both the educational experience and one's effectiveness as a CPA. These experienced individuals often bring a wealth of practical knowledge and a broadened perspective, which can enrich the classroom and real-world applications of concepts. This blended approach often leads to a more well-rounded understanding of accounting principles and practices.
Flexibility in Education
Many universities today offer a variety of flexible programs. For instance, online courses, part-time options, and evening classes can be tailored to fit the schedules of working adults. This accessibility is crucial for individuals who wish to pursue a degree without disrupting their professional lives. The University of Phoenix and Penn Foster are just two examples of institutions that provide such flexibility.
Career Opportunities and Rewards
The accounting profession offers steady job prospects and can be exceptionally rewarding. According to the Bureau of Labor Statistics, the demand for CPAs is expected to grow over the next decade. This field provides stability and numerous opportunities for advancement. Moreover, the ability to offer expertise in financial analysis, tax compliance, and advisory services can make a significant impact in various industries.
Support Systems
Seeking out support can play a crucial role in achieving success. Many organizations and professional groups offer mentorship and guidance for individuals looking to enter or advance in the field of accounting. Additionally, peer networks and study groups can provide motivation and resources. Joining a local chapter of the American Institute of CPAs (AICPA) or the Investment Program of the AICPA (CICAHP) can be beneficial.
Age as a Motivator
While age can be a motivator for some individuals, it is ultimately the motivation and commitment that determine success. If you are passionate about achieving your goals, age should not be a barrier. Many professionals in their 50s and even 60s successfully pursue and complete degrees, preparing for the CPA exam.
Challenges and Strategies
Starting the CPA journey later in life may present some challenges, such as refreshing your technical knowledge after a long hiatus from formal education. However, utilizing resources like UWorld's CPA Review and Roger CPA Review can help. These platforms offer comprehensive study materials and strategies to break down complex concepts, making them more accessible to adult learners.
It's also essential to prioritize your study schedule and maintain a disciplined approach. The key to success is to stay focused and dedicate sufficient time to preparing for the exam. As some professionals have noted, maintaining a steady and rigorous study regimen is crucial for achieving passing scores.
In conclusion, while 37 years is not too old to start pursuing a degree and preparing for the CPA exam, it is important to act with urgency and commitment. With the right mindset, resources, and attitude, you can achieve your professional goals, regardless of your age.