Quick Answer: Is CMA Equivalent To CA?

Is CMA better than CA?

The CA program primarily deals with accounting, taxation, law, audit, and finance.

Meanwhile, the CMA course deals with cost accountancy, cost management, corporate finance, economics, performance management, internal controls, decision analysis, financial reporting, strategic planning, and organizational management..

Is becoming a CMA worth it?

It’s a fact: CMAs make more than non-CMAs, so becoming a CMA gives you the opportunity to increase your earning potential. On a global scale, CMA-certified accountants have an average salary that is 62% higher than that of non-certified accountants, which equates to about $31,000 more a year.

Can CMA earn in crores?

Can a CMA earn in crores – Absolutely! I know several CMA’s who are in that league. … 8 crores in 2017 (including bonus etc.) There is no real link between education and income for most people.

Is CMA difficult to pass?

Based on CMA pass rates alone, I’m not surprised that many potential candidates are put off from wanting to tackle this exam. In fact, the majority of candidates don’t get a passing score. With CMA exam pass rates as low as 45% for Part One and also 45% for Part Two, there is obviously a high level of difficulty.

Is the CMA harder than CPA?

CPA vs CMA Exam Difficulty The CMA exam, by comparison has two parts, with a total time of eight hours of testing. Even so, the CMA exam has a slightly lower pass rate, at roughly 45% passing the two parts, collectively, while half (~50%) or better pass each section of the CPA Exam.

Why is becoming a CMA so important?

The CMA is an advanced, globally-recognized designation that demonstrates an aptitude for making financial decisions for businesses. For some, this business bent makes it preferable to the CPA. … When equipped with meaningful financial data and analysis, a CMA functions as an important part of the management team.

Which is easier CA or CMA?

In CMA, one has to read more subjects related to cost accounting & statistics while in CA, one has to study more accounts, tax. If you want a general career in finance in India, then CA will be more beneficial and if you really love costing and want to work in core costing area then CMA is a wonderful course.

Which is better CA or CS or CMA?

However, the main focus of CA is Finance, Auditing and Tax. The main focus of CMA is the in-depth study of Cost and Management Accounting whereas CS gives you a detailed study structure for Company Law and Company Secretaryship.

What is the salary for CMA?

2019 CMA Salary Data from the IMA 2019 Global Salary Survey shows that the average Certified Management Accountant (CMA) base salary in the Americas is $102,500 (compared to $65,000 globally).