Everyone around you is getting promotions and big raises. Unfortunately, you just got news that you will be receiving the standard 2% raise and no promotion this year.
You’re bummed because you worked really hard this year. You even worked harder than some of your coworkers that got promotions, so what gives? Why didn’t you get the promotion?
One small detail might be holding you back.
Professional Designations and Certifications
These things are key in advancing your career in many fields. If you don’t have the professional designations or certifications, you’ll get passed over constantly by those that do. It doesn’t matter if you are the best employee in the world. Some companies simply won’t promote you or give you that fat raise you deserve unless you join the club and get the professional designations or certifications.
In my career field, that designation is actually a license. As an accountant, getting a Certified Public Accountant license is a huge key to unlocking the door to your career growth. If you don’t have a CPA license, you could easily be left in the dust.
When I worked in public accounting, you would never be promoted to the manager position and you would definitely never make partner if you didn’t have your CPA license. It’s a sad truth, but without it your career would hit a brick wall after just 5 years out of college, if not sooner.
Have You Figured Out The Simple Step Yet?
The step is to find out what professional designations, licenses or certifications your superiors have and get them yourself. If you’re not sure what licenses your superiors may have, you can try searching their name on License Direct and see if anything pops up. If that doesn’t work, chances are your superiors will have certificates hanging in their office or you’ll see the designations they have on their business cards.
Once you know what licenses your superiors have, find out how to get them and see if it is worth the time and cost involved to obtain the designation. For example, the CPA exam required 150 credit hours of college courses, a $2,000 study course and countless hours of studying. It didn’t result in a raise or promotion directly related to my new license, but I did get a small bonus that covered my costs. However, it paid off in bigger ways.
Certifications and Designations Provide Instant Credibility
While I didn’t get a raise from my then current job when I earned my CPA license, it gave me instant credibility when I was looking for a new job closer to home. Having my CPA license immediately opened doors for other accounting positions because people knew I was serious about my field of study.
Having my CPA license allowed me to get a big bump in my pay, too. A CPA license can be worth an pay increase of 10%. Of course, everyone will have different experiences based on their work history and current company.
Earning a license or professional designation might be a quick process or a long endeavor but most will pay off in the long run. Just do your research and see what designation you might need to get ahead in your career.
Do you have a professional license? Did it help you get ahead in your career?