If you want to pursue your career in financial accounting a question will arise in your mind: “Which is the best US CMA or CA?” To find the answer to your question let us compare both US CMA and CA.
Even though CA and US CMA courses are accounting-based, CA is based on financial principles accounting whereas US CMA is on managerial accounting. The US CMA course is typically familiar for its strategic management accounting.
Course structure and syllabus
CA (Chartered Accountant) is categorized into 3 levels
- CA Foundation
- CA Intermediate
- CA finals
- 3 years of Articleship training.
US CMA-. It has 2 exam parts, part 1& Part 2.
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Duration:
CA(Chartered Accountant)
The duration to become a CA is at least 5 years, which includes three years of Articleship Training.
US CMA (Certified Management Accountant)
The duration of the US CMA course is 6 to 9 months, and no articleship training is required.
So we can say the duration of US CMA is lesser when compared to CA.
Earning potential:
Earning potential of US CMA is more when compared to CA.US CMA certified holders are earning higher salaries in various MNCs.
Global exposure:
US CMA is more globally recognized, it is widely recognized in various countries so the dream of working abroad can be fulfilled easily when compared to CA.
Flexibility in choosing exam dates:
Aspirants have more flexibility in choosing exam dates in US CMA, in case of CA exam aspirants do not have such a choice.
Passing rate:
The average passing rate of US CMA is around 45% which is more when compared to the CA pass rate of around 12% only. So a higher number of students pass the US CMA exam and achieve a bright future.
Comparison table on US CMA and CA
| Particulars | US CMA | CA |
| Organized by | IMA (Institute of Management Accountants)USA | ICAI(Institute of Chartered Accountants of India )I |
| Eligibility | Must pass 2 parts2 years of relevant experienceBachelor’s degree | Must pass 20 exams with 3 levels 3 years of Articleship training. |
| Passing rate | Around 45% | Around 12% |
| Earning potential | More earning potential | Less earning potential |
| Flexibility in choosing exam date | More flexibility in choosing exam date | No such options available with CA |
| Course duration | Around 6 to 9 months | At Least 5 years |
US CMA Career Opportunities:
US CMA certification gives you a large number of opportunities in various firms which are internationally reputed. Your versatile skills as a US CMA certificate holder increases your demand globally. Various career prospects include
- Financial accounting
- Management accounting
- Tax accounting
- Internal auditing
- Forensic accounting
- Government accounting
- Public accounting
If you want to achieve the US CMA certification and open gates for your bright career, you should have complete knowledge of US CMA course details. Master financial planning and control with US CMA. Getting mentorship with industry experts also helps with your US CMA certification. One of the best coaching institutes in India, HI-EDUCARE is the perfect place for you as it provides a hurdle free path.
