What IQ Do You Need for CPA Exams? The Most Probably Minimum IQ to Become a CPA Is Likely 115
What IQ do you need for the CPA exams, and what is the likely minimum IQ that you need in order to successfully pass the CPA exams? Given what I’ve seen for both the CFA exams and the CPA exams, likely the minimum IQ, if you are extremely conscientious, in order to pass the exams, is going to be somewhere in the range of 115 to 117. In looking at some typical psychological research regarding the average intelligence quotient of college graduates, as well as college graduates with things like a Finance or an Accounting degree, a dual degree, or a masters degree and an MBA, we can get a decent IQ score for what you’ll need in order to pass both the CFA exam and the CPA exam, and the minimum intelligence range is likely somewhere in the 115 to 118 range, while in order to successfully pass it under normal work ethic circumstances, it is going to need something like a 125 to 130 IQ range. All this and more will be explained in the following blog post! For more information, be sure to subscribe to our blog and to comment down below with your thoughts and opinions, and we’ll get back to you within one business day with a response.
As a note to this, someone with an average IQ of say 100 can absolutely pass the CPA exams, but it is going to take a massive amount of dedication compared to someone with a 120 or a 130 IQ. Focus and persistence can definitely get an average Joe to pass the CPA exams, but it will take a significant amount of conscientiousness compared to someone with the aforementioned IQ scores.
Other top business related certifications that are likely going to need an IQ range of 120 or higher include the following:
The CFP Credential
CFA, levels 1, 2 and 3
Chartered Financial Consultant
Certified Portfolio Manager, CPM
A CPA License
Becoming an Enrolled Agent
A CAMS License, Certified Anti Money Laundering Specialist (this is a really good certification to have if you’re looking to get into compliance.)
Series 9 and 10
And a host of other similar and related financial licenses and certifications, read on or subscribe to our blog for additional details and information.
Why You’ll Need an IQ of At Least 115 to Become a Certified Public Accountant, Looking at the Raw Psychology Data
Let’s look at some raw Psychology data, in terms of mean intelligence quotient, in order to quantify exactly what IQ you’ll likely need in order to become a CPA.
- In order to become a CPA, you’ll need a BA in Accounting, which has an average IQ of 120 in the major.
- You’ll also have to pass the rigorous CPA exam in order to qualify for licensure.
- You typically will need an MBA or Masters in Taxation as well, which will give you something like an average IQ of 122 just for MBA graduates.
- The average IQ of a CFA exam passer is something like 126, which is impressive given that the pass rate for the overall exam is something like 20%.
- The average finance graduate has an IQ of 125, and I can attest to this, as the people in my finance major are absolutely dangerously intelligent and are very sharp in their thinking.
Overall, to be at a high level in the field of Finance and Accounting, you need to have an IQ competitive with those that are in say ivy-league law school range, something like 125-130, however you CAN still become a CPA if you are an extremely disciplined worker with an IQ of about 115.
A Word of Advice On Passing the CPA Exam Quickly, IQ Scores Notwithstanding
Although I am currently in the field of Wealth Management, and rather happily might I add, I will say that getting my CPA license is definitely something that I have coveted for quite some time now. In my research on the subject, I have found some fascinating and cost effective ways to get the Accounting Degree and the CPA License rather quickly, and cheaply at that. What I would do, whether I had a college degree in the field or not, when starting from scratch, is:
Enroll at WGU, and get a BA in Accounting>>with no experience and in 6-12 months for between $3500 and $7,000, you can get a BA In Accounting, Enough to take the CPA Exam.
Obtain the Enrolled Agent Designation, You Can Learn Tax Through This For like $1100 and get a powerful certification that is well respected by CPAs and Tax Professionals.
Take the Uniform CPA Exam.
Get the Best Excel training that you possibly can, Tableau and some basic VBA skills will also go a long way in your job hunt
Apply for Accounting jobs and get 1 year of work experience under a CPA and Voila, you’re a Certified Public Accountant!
Final Thoughts On What IQ Do You Need for CPA Licensure, My Take on the Subject
Do you agree with my thoughts and opinions on the subject of CPA Licensure, as well as on some of the top Financial licenses in the game? I think that these figures are pretty spot on overall, and that you definitely are going to need an IQ on the higher range of the distribution in order to successfully compete at a high level in the great game of high finance. For more information on all things Finance, money and accounting, be sure to comment down below or to subscribe to our blog for additional details and information.
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