This is the million-dollar question. Copyright 2008-2020 © EduPristine. Why? If you want to clear CPA, you need to sit for a whopping 14 hours exam. It’s being seen that less than 20% of people join in public enterprises nowadays which makes it easier for people who have a CPA degree. The fact that it went from a 4-part to a 2-part exam was a factor that helped me favor the CMA. CRUSH was created to help you pass the CPA exam as fast as possible without losing your freaking mind! A CPA earns 15% more than a non-CPA; whereas, a CMA earns 63% more than a non-CMA. CFA Institute Does Not Endorse, Promote, Or Warrant The Accuracy Or Quality Of WallStreetMojo. CMA unlike other certifications in finance domains focuses both on management. Which areas do you find the most interesting? There are a number of other valued certifications, of course, including the chartered global management accountant (CGMA) from the AICPA, certified internal auditor (CIA) from The Institute of Internal Auditors, and certified payroll professional from the American Payroll Association. Our expert will call you and answer it at the earliest, Just drop in your details and our corporate support team will reach out to you as soon as possible, Just drop in your details and our Course Counselor will reach out to you as soon as possible, Fill in your details and download our Digital Marketing brochure to know what we have in store for you, Just drop in your details and start downloading material just created for you, Artificial Intelligence for Financial Services, CPA Exam Registrations and Scheduling in India, Top 5 Certification courses for Graduates and Undergraduates, What is CPA? You can easily distinct between the two and opt for the one that suffices your needs. CPA vs CMA Infographics.
Either way, earning an advanced credential will help you grow your career and build the life you want. Have you asked yourself at some point whether the CMA or the CPA is the right certification for you? You don't need to be a CMA to join the IMA, but unless you're a student, you need to be a CPA to join the AICPA. Thus, it’s difficult to find the right answer for every student. People from an accounting background or students who have aspirations in accounting should pursue CPA. A license or designation is a plus when competing for accounting jobs. If you become a CPA, you would be able to work in auditing, taxation, management consulting, information technology, and financial reporting. You may also have a look at the following articles –, Copyright © 2020. Here are the top differences between CPA vs CMA.
As per the result of June, 2015, the pass percentage of CMA Part One (Inter) is 14% and pass percentage of CMA Part Two (Final) is 17%.
This chart can serve as a guideline and for reference. Good luck, and keep following our career advice! Copyright © 2020 CMA: The CMA is a two-part exam that has to be passed within 3 years. Both have their own characteristics and advantages but you need to see for yourself which is the certification that you would like to have. If I had picked the CPA, I would have had to find another job where I could work under a CPA for a year or two. Experience Requirements: CPA: Depending on state-specific requirements, CPA candidates need to have one or two years of experience before they can become licensed. CFA Institute, CFA®, and Chartered Financial Analyst®\ are trademarks owned by CFA Institute. However, CMA can be more useful for accounting professionals. Let us know you're ready to work with one click. Now, if you’re looking to compare the two accounting certifications based on difficulty, which is harder?