Update (May 24, 2016): Effective 5/24/16, Yaeger CPA Review will not be accepting any new students. All current students will have access to the portal for the next 12 months.
Update (May 31, 2016): Yaeger CPA Review said they have not gone out of business, however they needed to “take our ordering system offline to get ready for the exciting launch of AdaptaPass”.
The above announcements are way too confusing and I am frankly not confident in Yaeger’s going concern at this stage. If you are a new candidate, you may want to check out the other major CPA review providers:
Please find below the original evaluation of Yaeger.
Yaeger CPA Review has almost 40 years of history, and prides itself on the old-school approach, innovative student portal and flexible pricing. Let’s take a look and see if the latest Yaeger CPA Review 2016 suits your budget and learning style.
Who’s Yaeger Anyway?
Phil Yaeger launched his CPA review course in 1977 with 13 students in Washington DC, and later on established himself as the largest CPA review course provider in the DC metropolitan area. Since the computerization of CPA exam in 2004, Yaeger CPA Review has been providing its Homestudy DVD / online course to candidates around the world.
Despite an ambitious expansion plan, Yaeger CPA Review remains a family business with its unique old-school style and friendly customer service.
Yaeger CPA Review Product Offering
1. Homestudy Courses
This is the standard course available as complete set ($1,787-1,887) or as single-part ($595). The course can be delivered online, via USB drive or via DVD.
Video Lecture + MyYaeger Student Portal
- 120 hours of video lecture
- Unlimited viewing (online version: valid for 18 months)
- Wiley CPA Review Interactive textbooks covering multiple choice questions, exam simulations and guidelines
- Built in quizzes and questions
- Daily, weekly, and monthly course calendar and management tools
- Link to download instructor-authored handout
- Community chatroom with professors and other students support your online studies
- Access to Yaeger CPA Review instructor hotline
2. Yaeger At Your Pace
Complete set with same offering as the above, but each part will be delivered at your request (i.e. only when you are ready). This prevents you from having out-of-date materials.
There are two payment options:
- Lump-sum price of $1,887
- Initial price of $369 + monthly subscription of $99
Tips: You get a better deal with monthly subscription if you can pass the exam within 16 months.
3. Cram Courses
These cram courses cover key concepts for last few weeks of final review.
There are two payment options:
- Single parts at $225-295: Delivered online (6 month access) or via USB drive (unlimited usage but $30 additional)
- $9.97 per day: $99.7 automatically billed every 10 days until cancelled
4. Listen n’ Learn Audio Lectures
- Complete set at $445 and single part at $125
- A complement to the homestudy materials
- Delivered as mp3 download
5. Yaeger in a Flash
- Mobile flashcard apps at $79.99
- Over 2,000 flash cards
- Available in iphones, ipads and android smartphones
6. Yaeger CPA Review Quiz Generator
The team recently developed the proprietary “Yaeger Test Bank” and no longer includes Wiley Test Bank in their review course.
- AICPA released licensed content
- Over 5,000 questions delivered online
- Mobile Ready – Tablet AND Phone Access
- $97 cent per section per day: each part costs $0.97 x 30 = $29 per month
Yaeger CPA Pros and Cons
Here are 4 reasons why you should pick Yaeger:
1. Old School Approach that Works
I know “old school” doesn’t sound terribly exciting, but for those who have been out of school for a while, this style of teaching really works.
We want a teacher — a real person — who talks to us and actually uses a white board to write down the calculation and explain every step. This is the Yaeger’s approach, and you may be surprised to know that this seemingly conventional, down-to-earth way of teaching has become almost extinct.
In a typical CPA review live class, the instructor hands you a written explanation for the multiple choice questions and that’s it. I guess this is the most cost-effective way to run a course for a big institution, but is it the best way to teach students?
In Yaeger CPA Review, Phil and his team of professional instructors go through hundreds of multiple choice questions one by one, and explain why they are tricky and how you can master them.
2. Concept + Tactics = 88% Pass Rate
Not only the Yaeger CPA instructors (Phil, Cindy, Gary) are good at explaining the concepts, they guide you how to put yourself in the shoe of the examiners so you’ll know exactly what they want to test you (or trick you). My favorite is Cindy Simpson who has especially gifted in explaining tough areas e.g. cost accounting and the fact that she enjoys sharing all her “tricks” with us.
Yaeger CPA first-time students are able to achieve an overall 88% pass rate — when you think about it, this means almost 9 out of 10 of these students manage to pass the CPA exam on their first attempt. The overall pass rate is only 49% in 2014.
3. Hotline to Answer Your Questions
Live classes are not available in Yaeger CPA review, which means that access is available online, or via USB/DVD. Some of you have reservations on these “e-courses” because there isn’t a way for them to ask questions.
Yaeger provides a solution by offering a “hotline” where you can ask question by phone. If you don’t like asking a question on the phone, you can leave a message at the MyYaeger Student Portal and the instructors will respond to your questions directly.
4. Flexible Pricing
It may not be the most affordable review course out there, but Yaeger provides the most creative and flexible pricing.
The monthly and daily subscription plans allow considerable savings for those who can pass the exam in a short period of time.
Yaeger CPA Video Lecture Demos
These are actual video courses in 2012 and 2013. You can get the latest free demos on Yaeger’s website.
Sample 1: FAR
FAR’s instructor is Cindy Simpson. You can see how she goes through one of those dreaded simulations:
But Then, Yaeger Has Its Limitations
Here are another 4 reasons why you may not like it:
1. Do You Actually Like Old-Style Teaching?
Not everyone likes the old-school style of teaching in the first place. So this is one negative.
Along the line, the lectures aren’t as entertaining as, say, Roger CPA Review. There are times when we want to dose off even though the stuff is important — this happens especially in AUD and REG for many candidates.
Also, on individual lecturers, Cindy Simpson gets 100% positive review from my readers, who is considered smart, clear, and has a good sense of humor. She is the principal lecturer in FAR.
Dr. Yaeger is probably the most “old-school” and is generally liked by students, but I have readers who find him “monotone”, repetitive and have some pet phrases (“ok?”) which he finds a bit annoying. But if he helps us pass the exam in one go, no complains…
For Gary who teaches AUD, he sounds like a classic accounting professor at school. You know what I mean. A few readers also commented that he tends to skip over some sections and they need to get supplementary materials (Gleim test prep software in her case) to make up for it.
In short, do check out the sample video above as well as those on Yaeger’s CPA site and see if you are ok with the style.
2. Too Many Options and Confusing Pricing?
It took me half an hour to summarize their product offering here. You might spend more time to understand what they have as a customer.
There are also quite a bit of “half-hidden” costs e.g. international shipping, extra fee for USB or DVD delivery, discount applied in one package but not the other…
Also, for the new daily subscription of Yaeger Test Bank, access for each part of the exam per month is $0.97 x 30 = $29. If you need 5 months of access or more (e.g. in case of a retake), it will turn out to be more expensive than the Wiley Test Bank.
3. No Free Updates and Guarantees
You need to pay $125 each part for 2015 updates. Also, review courses such as Gleim offers money-back guarantee which Yaeger CPA does not provide.
4. Not That User Friendly
There aren’t really complaints, but I want to share a comment from one of my readers:
I spent more time trying to figure out the handouts more than I should have. The modules are out of order. It would be nice to be able go straight through without going to different sections of the book for each module. They could have at least put it in order with page number. The inconsistent format on the “questions to do” page. Skipped modules on the table of contents and (missing 10,18,19, etc) don’t know why it starts at 7 either.
I may get a reason for the above once I start watching the dvds but I must say, ive already sent to much time trying to figure out the handouts.
It can be an acceptable compromise if you like their flexible offers and pricing, but this is something you may want to consider.
Summary of What Yaeger Offers
Now that we aren’t sure how long Yaeger is available…
Here are the major CPA review providers: