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When a counterpoint — such as “Neither you nor accountants should fall for an anti-licensing agenda” (Opinion Exchange, March 20) — misses the main point, it deserves a response. (This commentary was responding to “Minnesota accountants stare down the guardians of their industry,” March 9.) Marta Zaniewski focuses on the mobility issue, the ability for CPAs to practice in a state other than the state that issued their license. Currently, CPAs do enjoy the benefit of mobility, but mobility isn’t the core issue. CPAs solve problems for a living. Mobility will be worked out. The core issue is the increasing cost of higher education, which is disincentivizing students from becoming accountants in the first place.
I invite Zaniewski to visit me in my office at Concordia University-St. Paul and listen to discussions I have with students when I encourage them to pursue an accounting degree. The cost of an additional year of higher education is a deal-breaker for most students when other well-paying occupations exist that require only 120 credits. The accounting profession placed itself at a competitive disadvantage requiring 150 credits for licensure when a standard bachelor’s degree requires only 120 credits. In addition, the Department of Education typically will not finance a fifth year of education.
Every CPA knows that job experience is the gold standard for professional growth and development for young accountants. The alternative pathway bill being considered by the Minnesota House and Senate will not lower standards. If anything, the additional year of work experience will strengthen standards, which is in the public’s interest. Additionally, it has the benefit of reducing the cost of higher education for students who desire to enter the profession.
Eric Grube, Minneapolis
HIGHER EDUCATION
U must slash admin costs
Prof. Scott Laderman’s excellent commentary (”New president’s compensation spotlights inequities at U,” Opinion Exchange, March 14) on the bloated administrative costs at the University of Minnesota warrants major attention from all of us because this is our university, and the administrators we hire must not be allowed to serve their interests. Right now, according to the university’s own records, 19.1% of students are stressed about whether they can afford to eat and 43.6% worry about their “ability to pay for housing.”
Further, student tuition has been growing four times faster than inflation, thereby increasing student debt. So too has the number of administrators and their salaries. Over 600 make more than the governor, including the lobbyist who pleads poverty at the Legislature.