CMA vs CPA - Which One Is Better?
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- čas přidán 30. 07. 2024
- CMA vs CPA - Which one is better? // This is one of the most important questions every accountant wonders about. Choosing the CPA license or the CMA certification will decide the accounting jobs and career of an accountant.
The question that precedes this one is “How to be successful in accounting?”. So naturally, the next question is about becoming a certified public accountant or a certified management accountant, or CMA vs CPA.
One of the big considerations is the earning potential with each designation. CPA salary vs CMA salary is another big question people wonder about and along with CPA jobs vs CMA jobs. People looking to work in public accounting tend to choose the CPA license, and people who want to work in management accounting, opt for the CMA designation. Either way, people need to pass the CPA exam and/or the CMA exam, and as your coach, I will share hard stats about both designation in today’s video.
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Still can't decide which designation to choose? Drop your questions below and I'll personally provide you feedback and guidance.
I have join some other institution for cma how can I purchase your video lectures only? This is my mail I'd gatiksoni79@gmail.com
Hi Gatik, thanks for your question. I currently don't sell my video lectures separately. They are part of the overall Academy program and work best with the study tools I provide as a whole.
Hello Nathan
. How can I get a copy of the free manual?
What to do if I graduated BSBA-MA, but there's no examination for CMAs in my country sir? Thank you in advance!
Can you please tell me what is the CMA Average salary in UK
CPA here. While I think the CMA/CGMA route is more appropriate content-wise for accountants who plan to go into industry than a CPA, employers overwhelmingly favor a candidate with a CPA over every other credential, including an MBA. I dont think you can go wrong with a CMA but know that a CPA will have an edge over you in the job market.
Hi. Thanks for sharing your perspective! It’s always great to get insight from experienced professionals like you.
This might sound really mean, but The CMA sounds much more interesting and fulfilling. Taxes, auditing and regulation are very important, but sound boring as hell. Going through and checking to see if the financial statements are accurate as a career? Although extremely important, sounds so boring and unfulfilling. With the CMA, you’re helping make strategic decisions for the company to help them grow and improve. That personally sounds much more fulfilling.
Glad to hear that one of these designations speak to you. The decision is clear :)
I've heard these acronyms before, but I never really knew the difference. Thanks for making the distinction.
Happy to help!
Excellent video! I definitely don't want to go through the CPA route but I wasn't sure exactly what CMA was. This definitely helped me out a lot! :)
I'm here to educate my friend. Glad you found the video helpful. Thanks for watching!
You clearly explained the difference between the two! Thanks for sharing
Glad it was helpful!
Great clarification on the two and which one is better! Thanks!
Glad it was helpful!
Great video and helpful info - thanks, Nathan!
Glad it was helpful!
Thank you for this, I'm in the path that I want to become a CPA but I'm failing in my studies right now because I find its very hard now interested in Management Accounting.
I am a former CMA? What courses are you failing...exactly? I am not sure CMA is the easy way out. I think it really depends on your interests and aptitudes.
The CMA exam isn't easier than the CPA just to put it out there. The content coverage is different with some overlap. When it comes to deciding which one to go for, my suggestion is to get clarity first in your career objectives. Then choose the designation that will help you get there. Plus there's no rule that says you can only choose one or the other. Many accountants hold both :)
Thank you so much ❤️
Great walkthrough on the differences!
Glad you enjoyed it
I have done both tax accounting and staff accounting and I just took a new staff accountant role that is heavy on cost accounting and inventory management and helping this start up figure out manufacturing cost. I have a CPA prep program but have gone back and forth between the two designations for a year or two. I have found that not many people are familiar with a CMA and many jobs 'desire' a CPA. Do you see that as a problem for career advancement and the future? I do feel CMA is a better fit for me but am concerned about the marketability of the designation.
In short, the CMA is a fantastic designation for management accountants. For professionals looking to work in taxation and audit, CPA is the way to go.
Read this in-depth article on job opportunities for CMAs to determine if it's a good fit for you: cmaexamacademy.com/cma-careers/
Do you do e file?
Hey Nathan, i have a simple query that do we get a time span of 7 years to fulfill the work experience after completing both the parts of cma exam or just after completing one part ?
Hi Faizan, it's 7 years after passing both exams.
Hey Nathan, I want to clarify a query with regards to CMA , is that should someone presue the course who has limited exposure in Accounting work on a day to day basis, but wants to grow his / her career in Financial Management.
Hey Supratim, yes absolutely. I chose the CMA to help me grow in my career and make it into management accounting. Most candidates do it for similar reasons.
@@Cmacoach Thanks Mate..
Thanks for this! I know that CMA is the course for me. I am currently a US Tax Staff. I'd like to get into more of accounting and management related roles. Please suggest if my decision on CMA is right ?
Hey there, thanks for your note. The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/ If you have any follow questions, don’t hesitate to reach out :)
I just started a controller position in May. I have a great mentor who is a CPA. I had planned on getting my CPA license and even bought a study course. I'm reconsidering and leaning now toward the CMA certification. I don't plan on changing career courses. Would the CMA be best for me?
Hi Margo, congrats on your new position! I remember when I worked as a Corporate Controller. Loved it! Get ready for a great ride :)
If you don't plan to work in taxation or auditing but rather in managerial accounting, then the CMA is a great choice! This is why I chose this designation over the CPA license. It really comes down to the career you see yourself in long term. Choose the designation that best aligns with it. Hope this helps.
My question is which one is less stressful, and have more work/life balance and more free time, and where I can work remote? I know I wanna do private accounting regardless seems less hectic and less stressful less tight deadlines but I am curious.
Excellent and very informative video! Thank you.
Glad it was helpful!
Hey, I’m currently in college trying to decide which path to take for my career. I know that I am not too interested in the CPA certification. The CMA certification seems to be more interesting to me but I have also heard about the CFA certification. Just curious about your thoughts on the CMA vs. the CFA. Thanks!
John, in short the CFA is ideal if you want to work in investment management and the CMA for corporate managerial accounting. Both are great options. It just depends on the career path you're aiming for.
Dear Nathan, I'm thinking of taking CMA. Currently I have 4 years of work experience as an assistant-accountant with a small firm in the Netherlands. Is this sufficient to comply to the 2 years of required work experience? Thanks in advance for your answer.
Hi AA, that's a great question! It depends on the exact work you do. Compare your current responsibilities to the list here: cmaexamacademy.com/cma-certification-requirements/#experience to determine if it meets the criteria.
Remember that candidates have up to 7 years after passing the exams to earn their work experience so even if you don't have the necessary experience today, don't let that detract you from achieve your CMA.
I am in a Masters in Accounting and Finance that more geared to the CMA route.
Hi. That sounds like a great path! A Masters in Accounting and Finance that aligns with the CMA curriculum will thoroughly prepare you for the challenges and opportunities in the field of management accounting.
Hi Nathan. That's one of the best video I could find on CMA. I am an MBA graduate from finance (from India) and now looking to pursue CMA from Canada. Can you please make a video on the 'Management Gateway' stating what pattern would I have to follow after availing exemptions of being an MBA.
Thanks for your feedback. Glad to hear the video was insightful. To earn the CMA certification, all candidates need to pass the exams and fulfill several requirements. There are no exemptions for MBA holders.
Do we need to be a CPA to be management accountant? Why and why not?
Hi Nathan, thank you for such a helpful video. I'm a 4th year accounting student and applying to property management company as a Jr. Property Accountant. Would you say this position is a relevant work experience for CMA?
Hi Tia, it just might. It depends on what you do more so than the title itself. Here's a breakdown of what type of work experience fulfills this CMA requirements: cmaexamacademy.com/cma-certification-requirements/#experience
@@Cmacoach thank you!
Thank you very much for your all amazing explanations and videos. I am preparing for my exam on January 2021.
You are most welcome. Thanks for watching!
Thank you very much! This was so informative and helpful
I tried to get my cheat sheet, but i did not get it, can you please advice me on how to download it?
Hey Daniel, thanks for your feedback. Glad the video was helpful to you. About the cheat sheet, could you check your spam folder? It may have landed there. If not, please email me using this form and I'll track it down for you: www.cmacoach.com/contact/
I took both exams. I think it’s also important to note that the CPA not only requires a bachelors but 150 hours of accredited college credit. Of those 150 hrs, 36 hours need to be in accounting courses. Also the CPA exam does cover some parts of the CMA exam, mainly in BEC, FAR and some audit. I chose to stop pursuing the CPA because I work in industry and hated public accounting
Hey Mike! It's great to hear from you man. Glad to know you're alive my friend.
I appreciate the extra notes you mentioned. Def super important!
CMA Coach
Thanks and no problem, always love listening to your content. Would love to see a video on CMA vs CGMA.
Absolutely! It's in the queue :)
Mike D Which exam did you find to be tougher?
@@victoriagreen1726
Both were tough. I would have to say Part 2 which i ended up scoring higher on than Part 1, was shocked. Practice Practice Practice and do tons of MCQs and make sure you are averaging 80-85% consistently on them and you should pass. Good luck.
Hi....nice informative video....I have a question. I am planning to emmigrate to Canada. Does US CMA have any MOU with Canada CPA ? I read that in Canada CMA/CGA/CPA are all under CPA governing body now. What I understand, US CPA has a MOU with Canadian CPA. So it will be easier for me to transfer to Canadian CPA once I complete US CPA. Though I belong to Managment A/cing background & US CMA was my 1st choice, but I don't think its well recognized in Canada. Can you confirm my understanding on these matters/questions ?
Hi Sujoy, I have many students from Canada so it does carry weight over there. You are correct that the Canadian CMA merged with the Canadian CPA and now it's just CPA.
I am a Senior in my last semester. I do not plan on getting my CPA at the moment but want to make my major worth the work, which is why I am interested in getting my CMA. How does the work experience apply in my situation, can you provide any insight. I have worked as an acct tutor and had some internships.
Guadalupe, the IMA provides a window of 7 years for candidates to fulfill their 2-year work experience requirement. It's fantastic that you're planning to study for your CMA exams now as that will set you apart from peers as you enter the workforce.
Sir I have a good question. Perhaps its bit out of context .Even am interested in the field of management accounting financial management statistics and thinking of CMA usa. Post CMA qualification thinking of starting own business venture ( preferably 5 star hotel) and become finance director of it. Will CMA usa qualification guarantee in achieving the same provided if I have good knowledge in cost accounting financial management statistics probability etc.?
Sorry what I meant was can cpa CMA qualification with good financial modeling and solid business plans attract the investors to invest on big business even if I don't have money of my own?
If possible can you respond? Thanks
Hi Anirudh, capital investments for a hotel business and business planning is beyond the scope of what this channel is about. Sorry that I'm unable to provide you with a clear answer.
Hi Coach, I have an associate degree in accounting and I’m looking to get the bachelors degree.
If I pass in the 2 CMA exams how much time i have to get the bachelors degree?
Candidates have up to 7 years after passing both exams to fulfill all requirements for certification.
Hey, Thanks for the useful video. I've been working in the AP & AR domain for the past 6 years and recently did my diploma in Finance. I really want to go for CMA. Will that align with my previous experience?
Yes it does because it's accounting experience. There are several requirements before a candidate can become officially CMA certified. Here’s my article on this topic: cmaexamacademy.com/cma-certification-requirements/
Hey, I'm actually a high school student going to University next year for accountting. My major allows me to get a bachelor's, masters and helps me fast track to get a CPA. This helped me think about if I want to also do my CMA. Do you think you get paid more if you have both CPA and CMA?
Yes, professionals with the CPA and CMA get paid a bit more. Here's a full breakdown: cmaexamacademy.com/certified-management-accountant-salary-in-the-usa/ref/nathan/
The CMA has merged with the CPA canada. If we choose the Finance/Performance management track in the CPA program, does that cover the CMA part?
You'll want to compare the topics tested in both exams. Here are the topics for the CMA:
cmaexamacademy.com/cma-part-1/
cmaexamacademy.com/cma-part-2/
Great video! For me, I am a engineering background sales manager and potential have the change to move higher to general manager or CEO position. To qualify the higher position, I need strengthen my finance expertise What's your advice on that? Should I go for the MBA or CMA?
Glad you think so. Thanks for watching! Go for the CMA. It takes a lot less time and money but it's highly valued. You'll be equipped with highly specialized decision-making skills in the areas of accounting and finance.
Hello Thank you for your video very informative i have a question i have a Bac degree in Marketing do u think CPA is possible to start?
This article may help answer your question: cpaclarity.com/cpa-requirements/
Hey Nathan! Does working in Audit at a public accounting firm meet the work experience requirements for the CMA? Thanks!
What up Paul! Auditing does meet the requirement. Here's my blog post on the topic if you want to a quick deep dive on this topic: cmaexamacademy.com/cma-certification-requirements/
Awesome, thank you so much! I’m loving your textbooks by the way! Does your textbook cover all the content for the exam? I understand that I need to supplement it with one your test banks- which I’ll most likely purchase- but was wondering if your textbook is enough for the content itself. Thanks!
I appreciate your feedback man. I've invested so much into those textbooks so makes me very happy to hear you dig them. For the content itself, the textbooks cover everything you'll be tested on the exam.
My first choice when I entered college is CPA however I consider taking CMA because of its global accreditation but then I still took up CPA and it stress me out...the course is so hard...and I am struggling on my decisions.
Hi Valerie, I totally understand. It's a tough choice. It boils down to the type of career that you want long term. Once you're clear on that, choose the designation that best aligns with your vision. If you want a career in management, opt for the CMA. If you want a career in taxation and audit, opt for the CPA. Having said that, there's no rule that says you have to choose only one. You can do both throughout your career. Just start with the one that interests you the most.
I'm an IT graduate and I'm doing my MBA I'm doing well in my school and I would like to learn more about accounting, because I feel that I'm interested to continue my career in business management accounting and finance, so what shall I do?
Thank you
Hi Mona, the first step is to learn the basics of accounting so taking Accounting 101 and 102 courses will help you with that. You can also buy/rent fundamental of accounting textbooks if you prefer to learn at your own pace.
I’d like to become a bank examiner. My thought is to take in pass the CPA then after 4 to 5 years take the CMA to move into management your thoughts? Thank you.
Hi. Taking and passing the CPA before obtaining the CMA can be a good strategy to become a bank examiner. The CPA will provide you with a strong foundation in accounting and auditing, and then the CMA can help you develop management skills. It's a solid combination to advance in your goal of becoming a bank examiner, and later into managerial accounting.
Can obtaining both CMA and EA licenses be as beneficial to obtaining a CPA? I know you still can't sign off on auditing reports, but you can still be considered a Tax Professional.
Jay, CPAs are also the only ones who can sign tax returns on behalf of others. If that's something you want to do in the future, an EA license wouldn't be enough.
@@Cmacoach Thank you. I didn't know that.
Hey there coach! I'm from India n have cmplted 10th this year! Many of 'em suggested to go for CMA; CPA after 12th! N if I'm already planning to go into one of these ...what is the stream I choose for 12th?
It depends on the type of work you want to perform. Once you're clear on that, choose the certification that'll best fit your needs.
@@Cmacoach thankyou coach!!
Hello, I am a US Tax professional with 10 years of experience in tax compliance from India. I am really confused if having a CMA certification at this point of my career will help me to change my career towards management accounting role. Is it worthy to take the shot for CMA certification? Please reply. Thanks in advance.
Hi! If you're looking to make a career change into managerial accounting, the CMA designation is a good fit. Tax accounting and managerial accounting are quite different fields so this designation will help bridge the gap.
The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/ If you have any follow questions, don’t hesitate to reach out :)
Hi Sir can you please recomend me which is best with acca , cpa usa or cma which help me to booat my career i want to work in top companies in Middle east so which certificate have good value in Middle east countries
Thanks
Hi. It depends on your goals and the field you want to work in. If you are interested in management accounting and strategic decision-making, CMA may be a better fit. If you are looking for a career in public accounting and auditing, CPA may be a better choice.
I wrote an article on my blog about both certifications. You can read it here: cmaexamacademy.com/cma-vs-cpa/
Thank you for the info.
I'm an AcCA and would like to pursue another qualification.
After researching I feel.CPA won't add value as it's similar to ACCA ..would u suggest
Before pursuing any designation, I like to think about it with the end in mind. What type of career/job would you feel the most fulfilled in? What do you aspire to do in your profession? Then choose the designation that will help you get there.
@@Cmacoach i want to do bba and then mba in marketing so which degrees or courses shall I opt for getting proficiency in marketing.
Hello Nathan, I had a query. Is it possible to pursue a career in Audit even if I go for CMA?
Hi Muhammad, the CPA or CIA are more fitting for a career in audit.
Hello. I really want to pursue my career in finance, but i am not sure which course is the best for the finance field. Hope you help me with this. Thank you
Hello there, CMA Part Two covers a lot of finance topics.
And also I heard cpa gives you a chance to start your business more. Can you still do this with a CMA if you decide to do that in the future? I guess I'm looking for more freedom and options to call shots on things for myself and not having to rely on one place per say. I've already graduated and I know I enjoyed cost accounting more than any other of the accounting clases.
Thanks for your question. It depends on what type of business you want to start.
@@Cmacoach what are your options usually like what kind of business do CMAS do? And cma usually have the same job opportunities in the private selector as cpa right? I can either work in a big corporation or go more small business if I want the low stress more chill work environment but maybe not the 150-200k pay. Money's not really everything to me I'd like to have a good balance
Hi Coach, is it true that if you passed exam for CPA, you're only a CPA for that country? Unlike CMA, you are internationally credited as one?
Hi Lav, tax laws vary by country and even by state within a country. So that's why the CPA license is regional, not global.
Bsma can be a CPA? Or there's a need to shift course?
Thanks please notice
Clarissa, for more information about the CPA, check out this website www.cpaclarity.com
Hi Nathan I have a question. If I graduate as a Management Accountant, can I take the CPA exam as well?
Yes you can. The CPA has differing requirements than the CMA so pay close attention to that to make sure you have what is needed to get licensed.
CMA Coach thank you so much! ❤️❤️❤️❤️
Hello..After completion of Bachelor's degree and CMA US course is it value or can find a good job with this or anything else to do...post graduation or any certification courses... please clear my doubts..thank you
Yes absolutely. The CMA helps professionals land good-paying jobs.
CPA you said the requirement is a bachelors and same for CMA.. does CMA have 150 credit hour requirement like the CPA?
Thank you!
CMAs need to fulfill 30 hours of CPEs per year.
I'm glad that I found your video, Coach! I am incoming freshman this year and I'm having a hard time to choose what course I will take. I want to become a CPA someday but my skills is more on Managing and Finance. I don't know what to choose. I am scared that I failed because I choose the wrong path. Hope you help me Coach. Thankyou in advance!
Hi Johanna, remember that you can have both designations, CPA and CMA. They are not mutually exclusive.
Hi Coach,
I'm not from Commerce background but I did MBA in 2012 followed by around 5 years of experience in secondary market research/consulting research. However, since 2016 September, I have been on a parenting break with 1 yr of BABI course from Great Learning in between 2019-'20. We just moved to the States (California) in June 2022.
Will CPA or CMA help in resuming career? Need some honest career guidance
Still seeking response
I am finishing up my bachelor degree in business and I worked for two companies in the accounting department I was doing the payroll cash budget etc but not sure which one to choose. I am very good good with numbers and I know my way around excel .
Would you like to work in managerial accounting? If so choose the CMA. If you prefer to work in taxation, audit and compliance, choose the CPA.
Hey!
I am interested in accounts subject...so which one should i take US CMA or CPA?
BTW,i am currently in class 12th
The shortest path is the CMA, but consider what type of work interests you long-term. Then choose the designation that aligns with it.
Hello, I have completed my M, com on 2012 and currently working one of the reputed company. I would like to take professional course for my career growth. My interest area is taxation. Could you please suggest me which course I can join.
Since your area of interest is taxation, go for the CPA license.
Hello, I don't know if you'll read this but my friends and I are in the middle of a crisis whether we'll shift to this course (CMA) or not. Would you recommend this course to college students who don't have any background of business or accounting and are a bit lost in their future ?
Thanks for your comment. People who did not major in accounting or finance pursued the CMA with success because it helped them pivot. The key here is to have a good idea of where you want your career to go. If you're looking to work in accounting and/or finance with the eventual goal of moving up into management, then the CMA is a great fit.
College students are studying for the CMA exam during their Jr and Sr year to gain an advantage over peers who only have a Bachelor's degree. If the CMA is a good fit for you, pursuing it while still in college is not only possible but encouraged.
If you prefer to work in audit and taxation, the CPA route is the way to go.
@@Cmacoach Thank you so much! It's hard coming from a family of doctors and having to branch out to different courses due to lack of interest. This really deserves a big click on the subscribe button :)
Pursue your dreams and your goals :) If you're a happy human, your family will be happy for you too.
Thank you for the information sir. I am an indian and I am really interested in moving to canada.can you suggest me which is better to get a job in canada.
The US CPA license is not valid in Canada. You'd need to go for the Canadian CPA license instead. If you're looking at managerial accounting, the CMA is a great option.
doesn't CPA require maters?? ..... As I am Indian Bachelor of commerce first year student. I am planning to start my CMA from second semester.
is this a wise decision??
College students begin to focus on their CMA exam during their third or fourth year which is a good time to get started. Here's more info about the CMA: cmaexamacademy.com/start-here/ref/nathan/
Thanks for sharing helpful video :)
Glad it was helpful!
Hello sir...,
I have plans to do cma usa first and then cpa usa and later on after I get into regular working after practice of both cpa and cma usa while I am doing the work I have plan to take an MBA from abroad distantly... so at last I will be a CMA USA , CPA USA , MBA...
Is it a good decision...? So that I will have a chance for a better package nd I can work in variety of segments ....
Or only 1 of these is enough? Instead of all 3 (cma,cpa, mba)?..
It depends on what your career goals are. If one of those designations on your list is not relevant to the work you'll be doing or to the career you want to have, it'll not be worth the investment. Think about what YOU want to do as a professional, then choose the designation that will help you achieve that goal. For example, if you want to work in management accounting, the CMA is the gold standard. If you want to work in taxation and audit, then the CPA is the gold standard. Hope that makes sense.
Hii I am completed just a bachelor degree . I want to pursue cma but I don't know how to start and get a admission and I from India I don't know if it's available in india . Is course duration may change acc to country
The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/ If you have any follow up questions, don’t hesitate to reach out :)
HI, I am into Consulting in Microsoft Dynamics. Would like to know more about CMA.
Thanks
Hi Thomas, to help clarify all the steps to earn the CMA, I’ve written an article to help candidates like you understand the entire process. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/ If you have any follow up questions, don’t hesitate to reach out :)
Sir I'm confused, I'm from India and currently working in a regulatory organisation..I need your guidance whether i should persue CPA or CMA
Would be best to discuss with your direct supervisor or HR as to which designation will help you excel in your career in that organization.
could u plz tell me which one is better for me .I have completed MBA in Finance and my Bachelor degree is in Econonomics.
Aside from the degrees you have, the better question is to ask yourself what type of career you want. That'll give you a clearer picture as to which one is the best for you.
My undergrad is Bachelor of Arts, now I'm planning to switching to MBA - Accounting, and at the same time going for CPA,CMA...is that possible or what do you advise?
I would advice to tackle one at a time, either MBA or CMA/CPA. Tackle the one that aligns with your career goals the best.
@@Cmacoach sure, that is great. Thanks.
Great video! I am an Accounting student who is trying to decide what route I should go towards. I am leaning towards CMA, but I am wondering; Do I need two years of work experience before I sit down for the exam? Or can I get my experience after I take the exam?
Thank you for your comment, Shuhei. You can begin to pursue your CMA before you’ve completed your education or experience requirements. You have 7 years after passing the exams to complete the requirements you need to earn your CMA.
Hello sir
If I take coaching of US CMA , is it possible to cover everything of BEC and FRA of CPA? If not everything cover ,so how much cover( in %)
Any similarities between CPA and CMA syllabus?
Please answer sir, I am totally confused right now.
I think it'll require a bit of research on your part to compare the content outline of both designations. Here's the CMA content outline of each exam part: cmaexamacademy.com/cma-part-1/
cmaexamacademy.com/cma-part-2/
Compare them to the CPA exam parts to help you determine where the overlap is.
Great information sir 👍
Thanks for watching :)
Hi..
I want to know how CMA or CPA help me to get PR of USA
Hi, I have an Advance Diploma in Business Administration and Ive been working as an Accountant for past 4 years. My queation is that can i still do the CMA or not?
Marii, there are several requirements before a candidate can become officially CMA certified. Here’s my article on this topic: cmaexamacademy.com/cma-certification-requirements/
Which course should FP&A professional should go with? Is it CPA or CMA?
If I were in FP&A, I'd opt for the CMA.
I am a staff accountant at a mid sized firm. Does this qualify as the work experience for the CMA?
It's not so much about the title you hold, but rather about your work duties. Read this article to see if you experience meets the criteria: cmaexamacademy.com/cma-certification-requirements/#experience
I am from Guyana, South America. I am wanting to take the CMA. How can I go about doing so? I have a masters in International Business but no accounting experience.
The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/
I’m looking to open my own business and offer consulting for small businesses. Would a CMA or CPA be more appropriate.
It depends. Is your consulting around tax strategy, audit and tax returns? If so, the CPA is a better fit. If it's around managerial accounting and advisory services, the CMA is a great fit.
For CMA, is bachelor's degree on accounting or business required , or any Bacheler's degree will count ?
Hi. CMA educational requirements can be fulfilled in two ways:
1. Earn a bachelor’s degree from an accredited college or university
2. Have a professional certification
Also, CMA does not require you to have a bachelor’s degree in finance or accounting. But your degree must come from a regionally accredited or Distancing Education Accrediting Commission (DEAC) accredited university or college.
You can learn more about all requirements here: cmaexamacademy.com/cma-certification-requirements/
Hi Nathan i Indian and in India bachelor degree are normally 3 year in duration along with 6 semester expect engineering which has 4 year
So for cpa us 150 credit score neede d but duo to having 3 year course we end up having only 90 credit score so what should I do now to take cpa us exam please answer me
Thank you,
Hi Makaka, for the CPA exam specifically, I invite you to check more information here: www.cpaclarity.com
Hi! I want to take the CMA Exam, but I don't know how to apply for the exam. Also, I am not sure if the exam is available in my country. I am currently residing in the Philippines. I really look forward to take the exams soon.
Hi Auden, the exam is available in the Philippines. The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/ If you have any follow questions, don’t hesitate to reach out :)
One more question. If I go for the CMA should I get my MBA or Masters in Accounting Degree?
Great question! It really depends on your career goals and what you want to achieve. A CMA (Certified Management Accountant) certification is great for those looking to specialize in management accounting, while an MBA or a Masters in Accounting degree is more comprehensive and covers a wider range of business topics. Consider what you want to focus on and what will best serve your career aspirations before making a decision.
Thanks
I heard that CMA requires 2-3 years of work experience before getting the qualification. I want to do BBA+CMA but since it's mostly business focused,what kind of job could I do after bba that would satisfy the requirements?
Hi Jennifer, that's a great question! I've put together a free resources that explains in detail all the requirements, including job types: cmaexamacademy.com/cma-certification-requirements/ Check it out. I think you'll have all your questions answered :)
@@Cmacoach Thank you for your response. I have a few more questions though if you don't mind me asking.
1. Since CMA is accounts related, will the accounts I learn while doing BBA be helpful to me in anyway? Or will I have to completely depend on a seperate coaching academy? I'm not planning on specializing in finance btw.
2. I heard there's CMA and CIMA, other than the number of papers is there any other reason why CMA would be a better choice then CIMA?
Thank you so much for your time 😄
Can I take the CMA exam right after university, or should I have some experience in finance, management or accounting?
Yes you can. The IMA gives candidates 7 years after passing the CMA exams to fulfill their work experience requirement.
@@Cmacoach thank you so much
Can we write cma exam without work experience and I only have an B.A is it eligible to write cma.
Yes you can. You'll have up to 7 years after passing the exams to build your 2 year work experience requirement in order to get officially CMA certified.
Great content! I have completed 3 year internship as a Indian CA, So is that work experience gonna count for CMA.
Jasdeep, check out this article and see if your day-to-day duties meet any on the list here: cmaexamacademy.com/cma-certification-requirements/#experience If it does, then your work experience will qualify. Otherwise, you have up to 7 years after passing the exams to get the proper work experience for this certification.
Hello sir, am currently pursuing b.com first year in India and I would like to do CPA. Is it too early to start preparing for the exams right away? Around 3 years of preparation isn’t a necessary? Please do guide me on it sir
It's too early imo. Begin studying for the CMA on your last year in college.
Hey , I am going to relocate to Canada next year , and i hold a degree of CIMA , i would want to know If US CMA is better to start or CPA Canada ? and if i start with Canada CPA will i get any exemptions for the same ? and which is more valuable in Canada ?
It depends on the career you're looking to build in Canada. Based on that criteria choose the designation that suits you best. I have many students from Canada studying for the CMA exam because they want to work in managerial accounting, not in taxation or audit.
Hi coach, where in the Philippines can I review for the CMA exam?
Hi Jovenar, the exam will be held at a Prometric testing center. You can look up a location near you by visiting this site www.prometric.com/icma As far as studying for the exam, most candidates use an online review program. Here are some examples: cmaexamacademy.com/best-cma-review-course-comparison/
I hold a bachelors degree in commerce and have a work experience of 12 yrs. Currently im into a leadership role manages a small team in Receivables.. What course can i choose.
It sounds like you are already working in management accounting in the AR department. If you plan to stay in this trajectory then the CMA is a great fit. But if you have plans to move to taxation and/or audit then the CPA is a better choice long term. To learn more about how to become a CMA check this step-by-step guide: cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/
Hey Coach,
Im currently working in a big 4 Firm as an External auditor and leaning more towards CMA. Please guide me or correct me if my leaning is wrong.
Thanks for you top tier content.
Welling to learn more from u.
There's nothing wrong with it. It's a personal preference. Choose the designation that best aligns with your career objectives long-term.
@@Cmacoach Thanks Nathan for your quick reply.
Once i start CMA definitely you will be the first stop.
🙌🙌😎
I'm doing job, and I'm interested in take up cma exam, can I take the exam along with doing my job, is that OK.
Yes Manju. In fact, most CMA candidates are full time working professionals. The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/ If you have any follow questions, don’t hesitate to reach out :)
@@Cmacoach
Thank you sir
You mentioned that you have to have a Bachelors degree to become a CPA and the truth is that you have to have a Bachelors to sit for the exam plus an additional 30 credit hours to become licensed.
A bachelor's degree is just one of several requirements needed to get licensed.
Do we have to do CA to become CPA???
I live in Libya, where can I set the CMA courses and exams online?
To help you assess the top CMA review courses, check out the side-by-side comparison table on this page cmaexamacademy.com/best-cma-review-course-comparison/
Hi Coach, I don't have a Bachelor's degree but I have a Master's Degree in Engineering Proj Mgt and a Grad Dip in Bus Mgt. Am I still eligible to apply for the CMA exam?
P.S - I am working as a Senior Finance Analyst for more than three years.
Hi Raju, Thank you for your question. The best place to get an answer to this specific question is from an IMA representative. I encourage you to reach out to them via their website at www.imanet.org
Hello, I am confused which one to choose. can you help?
Do you want to work in auditing, taxation and compliance? If yes, then choose the CPA. If you want to work in management accounting, opt for the CMA instead.
I am BCOM graduate passed out 2013, Do i am eligible for the course? and what if we dont pass the exam by deadline time? Can reapply?
Thank You
For eligibility information, check out this article that goes in-depth: cmaexamacademy.com/cma-certification-requirements/
HI COACH, Which is the best institute in india for CMA studies ?
Most candidates study online. Here's a list of the top CMA review course providers for your reference: cmaexamacademy.com/best-cma-review-course-comparison/
Hi sir! What course in college to take to became a CMA ? Thank you !
accounting and finance courses.
Hi Coach, I’m a CPA working as an external auditor at a public accounting firm in NY for 2+ years. This was my first job out of college so I don’t really know without experiencing if managerial will be for me. Do you have any advice or suggestion? I really want to take my career goal to the next level
Hi Minseo, having the CPA and CMA is a great combo! If I were you, I'd look at the topics tested in the CMA exam. If you find those topics interesting and it's something you'd like to do work-wise, definitely go for it. Your CPA knowledge will help you pass the CMA exam :)
Hii coach. I plan to be a CPA first before becoming a CMA. May i ask what are the requirements before I can take the cma exam
Great question Near! Here's an in-depth article that'll answer your question: cmaexamacademy.com/cma-certification-requirements/