"Once I got my CPA I felt even more lost. I thought everything would fall into place from there. Instead, I realized that I had no idea what I wanted to do with my career in the long run..."
For individuals pursuing a career in accounting, obtaining the Chartered Professional Accountant (CPA) designation is often seen as a significant milestone and a symbol of professional achievement. However, it is not uncommon for CPAs to experience a sense of disorientation and uncertainty after earning their designation. You might be wondering "what to do after passing CPA exam?"
This blog post aims to explore why CPAs often feel lost after becoming designated and offers guidance on how to navigate this transitional phase effectively.
I write this from my personal experience after designating and from my observations from my clients and colleagues in the field.
The Comfort of Structure of a CPA
One of the primary reasons CPAs may feel lost post-designation is the stark contrast between the structured path they followed during their academic and professional journey and the newfound freedom that comes with achieving the CPA designation. From their undergraduate studies to the completion of the CPA exam, the path was well-defined, with clear objectives and a set progression. After obtaining their designation, CPAs suddenly find themselves without a predefined roadmap, leading to a sense of aimlessness and confusion.
Lack of Direction
While the accounting profession offers numerous opportunities and career paths, CPAs may find it challenging to identify their next steps. Up until this point, they have been primarily focused on fulfilling the requirements for their designation, leaving little time for self-reflection and long-term career planning. As a result, they may feel uncertain about which direction to pursue or which area of specialization to focus on.
Shifting Priorities and Identity Crisis
For many CPAs, the process of obtaining the designation required immense dedication, long hours of studying, and a laser-like focus on their professional goals. However, once they achieve their desired designation, they may find themselves at a crossroads, questioning their motivations and priorities. The realization that there is more to life than professional accomplishments can lead to an identity crisis, leaving CPAs feeling lost and disconnected from their purpose.
Challenges of Work-Life Balance
The demanding nature of the accounting profession often places significant pressure on CPAs to prioritize work over personal life. However, post-designation, CPAs may start questioning the trade-offs they have made and yearn for a healthier work-life balance. This internal conflict can further contribute to the feeling of being adrift, as they grapple with the need to reassess their priorities and redefine success on their terms.
Navigating the Post CPA Designation Phase
While feeling lost after achieving the CPA designation is natural, it is crucial for CPAs to recognize that this phase can also be an opportunity for growth and self-discovery.
Here are some strategies to help navigate this transitional period effectively:
1. Self-Reflection:
Take the time to reflect on your passions, values, strengths, and long-term aspirations. Consider what aspects of your accounting career truly resonate with you and align with your values. This process of self-discovery will help you chart a more fulfilling path moving forward.
For myself, I found that I was most inspired and motivated by entrepreneurship, problem solving, impact, and coaching. As such, I was able to direct my focus towards these areas.
2. Explore Different Career Paths:
Don't be afraid to explore alternative career paths within the accounting profession. Research different specializations, industries, or even consider branching out into related fields such as finance, consulting, or data analytics.
Networking with professionals in various roles can provide valuable insights and help you gain a clearer understanding of your options.
3. Continuing Professional Development:
Invest in ongoing professional development to expand your skill set and stay relevant in a rapidly changing business landscape. Consider pursuing advanced certifications or specialized courses to enhance your expertise in areas that interest you. This will not only boost your confidence but also open doors to new opportunities.
Check out the different courses available with CPA and at your firm. Follow your interests and continue to grow. Self learning is less structured, but if you really want to following a path, you can enroll in an online course!
4. Seek Mentorship and Guidance:
Connect with experienced professionals who can provide guidance, coaching, and mentorship. They can offer valuable insights based on their own experiences, help you navigate challenges, and offer guidance on potential career paths.
5. Prioritize Work-Life Balance:
Make a conscious effort to achieve a healthier work-life balance. Set boundaries, establish clear priorities, and learn to delegate tasks when necessary. Taking care of your physical and mental well-being is essential for long-term success and happiness.
Conclusion
The post-designation phase can be a transformative and introspective time for CPAs. While feeling emptiness and uncertainty is common, it is important to approach this transitional period as an opportunity for personal growth and exploration.
By engaging in self-reflection, exploring different career paths, investing in professional development, seeking mentorship, and prioritizing work-life balance, CPAs can navigate this phase with confidence and find a path that aligns with their passions and aspirations. Remember, the journey to fulfillment and success is a continuous process, and embracing change and self-discovery is key to finding a meaningful and rewarding career.
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