There is a big big difference between a CPA and an accounting graduate. Just like a Registered Nurse and a nursing graduate or a Lawyer and a law graduate.
The CPA exam is second lowest after Bar exams when it comes to passing rate. The good thing is, there is a high demand for certified public accountants both locally and internationally. BUT, maybe just like the nurses, CPAs need to spend 2-3 years in a reputable audit firm to be marketable abroad.
In Baguio City, current tuition fee for B.S. Accountancy is at average of 15K per semester (about 9K in 2000). While my estimate is 30K in UST, 40K in DLSU and atleast 20K in smaller universities. After graduation, a six month review will cost 10K maximum (7K in 2001). And thats it.
A senior auditor (3-4 yrs experience) in Middle East, Singapore or other parts of Asia Pacific, would normally start at around Php130K monthly. In the US at least Php200K, and Europe at least 250K.
Looking at the numbers, for a career outside Philippines, there is no big difference between accounting and nursing except for the starting pay. Nurses are likely to start at a lower pay but will eventually catch up. Forget about working environment blah blah.
The difference actually lies here in the Phils. First, the cost of education. Accounting is cheap. Nursing is almost no different to Medicine (because of some opportunists?). Second is the demand or availability of jobs. There is probably more jobless registered nurse than certified public accountant in this country. I have seen jobless certified public accountant (just months after passing the exam) and they look suicidal hehe. The pressure and expectation is just too much. But honestly, right now, not one CPA i know is jobless. The problem for nurses is the fact that local demand or job opportunity heavily relies on the government. Private health care is for the rich and so we only have few large private hospitals.
Financially, I think nursing is a high risk and accounting is more secure. Of course, ideally, the financial aspect should only come next to a more important factor... whatever it is.
“The best way to appreciate your job is to imagine yourself without one.”
- Oscar Wilde
By the way, there was a foto fest last week in Glorietta sponsored by Philippine Star.
One booth is selling lighting equipment and they thought the best way to promote is to let consumers have a try. Here is my attempt on one of the models (click image for best view).
Her name is.... Angelica Panganiban hehe. True enough serious photography is an expensive hobby. Lenses, tripods, bags, printers etc... all expensive.