Advantages of US CMA Over CA | ZELL Education

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      What Are The Advantages Of CMA USA Over CA?

      Last Update On 17th April 2024
      Duration: 4 Mins Read

      After completing your 10th and 12th it’s difficult to really know where your interests and your future lies. However, if you’re good at crunching numbers and want to build a career in accounting, some of the courses that might float at the top of your mind are CA, US CMA, CPA or CIMA. If you want to get into pure accounting fields then a CA or CPA degree makes for a better choice. However, if your interest lies more towards the management side of accounting then courses like US CMA and CIMA are an option to consider. If you are a student who doesn’t really know the difference between accounting and management accounting and that’s further confusing you in making a choice between US CMA and CA then here’s solving all your doubts through a clear differentiation between US CMA and CA and what are the advantages of choosing US CMA over CA. 

      Differences Between US CMA and CA 

      Differentiators CA  US CMA
      Organizing Body ICAI – The Institute of Chartered Accountants of India IMA (Institute of Management Accountants)
      Course Duration 5 years 6 to 9 months 
      Difficulty Level 5.84% (Both groups) 35% for the first try
      Eligibility Criteria The applicant should have successfully completed their 10th and 12th examination to appear for the entry-level CA foundation course with a 50% aggregate score in 12th.  The applicant should have either a Passing mark sheet for class 12th.A National Diploma in Commerce or a diploma in Rural Service Examination from a recognized board. 
      Career Scope
      • Taxation Advisory
      • Internal Auditing
      • Forensic Auditing
      • Statutory Audit
      • Actuary Professional
      • Financial Risk Manager
      • Internal Auditor
      • Cost Accountant
      • CFO
      Top Hiring Firms All firms, across all industries The Big 4s, MNCs
      CA vs CMA Salary in India  INR 6 to 10 LPA INR 5 to 20 LPA

      Advantages of US CMA over CA

      1. Short course, with a large scope

      This course is a short professional course that can be completed in 6 to 9 months based on your learning pace and career trajectory. US CMA will not only equip you with industry-relevant knowledge but also strategic management skills that will help you in professional and personal growth. On successful completion of this course, you could get a chance to work at MNCs like Accenture, Big 4 audit firms and US-based banks.

      2. Globally accepted

      Unlike CA, US CMA is a globally recognised certification that’s accepted in North America, the Middle East, Europe, Australia and the countries of Asia. If you are eventually aiming to expand your career overseas, it is important to pursue a qualification that will be accepted in your desired country. A big reason behind the recent surge in the number of US CMA applicants is the opportunities one can achieve to work abroad. 

      3. Can be pursued right after 12th

      You can take up this course right after completing your 12th standard and pursue your graduation degree along with this professional course. US CMA as a course combines the knowledge of accounting and finance with a deep understanding of management strategies. Other globally recognised courses that you can pursue after 12th grade include ACCA, CA and FRM Course

      4. You get to experience the management side of business

      With a Chartered Accountancy degree, your skills and experience would only be limited to accounting-related activities like budgeting and taxation. But with a management accounting degree, you’ll get to make strategic decisions based on financial statistics.

      5. A professional course with a great demand in India as well

      If you’re planning to choose CA based on the demand it has in the Indian market then you’d be surprised to know that US CMA isn’t anywhere behind when it comes to demand. After the pandemic, several Indian firms have started to develop their financial teams led by an expert Certified Management Accountant who can manage cash flows in a strategic way. The increasing demand for insurance policies and products could also enhance the opportunities for US CMAs in India.

      We hope that with this detailed overview of the advantages of US CMA over CA, you’ve gotten an understanding of the CA and US CMA course. If you’re still confused about which pathway to choose then you can reach out to experts at Zell Education who can help you make an informed decision.  To know more about this course, click on the WhatsApp icon at the side of this blog and get in touch with our experts directly.

      FAQs

      What are the benefits of CMA USA?
      US CMA is a short-term accounting course that can be completed within a span of 6 to 9 months. However, it equips students with strategic management skills at a global level.

      Is US CMA a good career option?
      Yes, the US CMA is a good career option if you want to get to the management side of accounting and gain opportunities from all over the world.

      What are the disadvantages of CMA?
      Unlike CA, the US CMA course isn’t as intensive. The ICAI provides an exclusive Certification authority of Financial Statements/Tax Authorities, which the US CMA certification does not.

      Is CMA in demand in the USA?
      Yes, the US CMA course is in great demand in the US, North America, the Middle East, Europe, Australia and the countries of Asia.

       

      Satyamedh Nandedkar, a seasoned finance professional, holds ACCA, CA, US CMA & CS credentials. With 10+ years of experience, he’s a master ACCA tutor, IFRS trainer, adept in global financial standards, and a trusted advisor in navigating complex financial landscapes.

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