#CMA vs CA

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Salary Difference Between CA and CMA

The financial and accounting profession is a vast field, offering various prestigious qualifications like Chartered Accountant (CA) and Certified Management Accountant (CMA). Both qualifications are highly respected and offer numerous career opportunities. However, when it comes to choosing between the two, one crucial factor that often influences the decision is the salary. This article will delve into the salary difference between CA and CMA, with a special focus on the keyword "CMA vs CA".

Understanding CA and CMA

What is a Chartered Accountant (CA)?

A Chartered Accountant (CA) is a professional who specializes in accounting, auditing, taxation, and financial assessment for individuals and businesses. In many countries, the CA designation is a highly respected qualification that signifies a high level of expertise in the field of accounting.

What is a Certified Management Accountant (CMA)?

A Certified Management Accountant (CMA) is a professional credential that signifies expertise in financial management and strategic management. CMAs focus more on financial analysis, business strategy, and cost management, which are crucial for making informed business decisions.

CMA vs CA: Salary Comparison

When comparing CMA vs CA in terms of salary, several factors come into play, including geographical location, industry, years of experience, and additional skills.

Entry-Level Salaries

CA Salary

For entry-level CAs, the salary typically ranges from $50,000 to $70,000 per year. This can vary depending on the country and specific industry. In regions like North America and Europe, the starting salaries might be higher compared to developing countries.

CMA Salary

Entry-level CMAs can expect to earn between $55,000 to $75,000 annually. Similar to CAs, the exact figure can fluctuate based on the location and the specific sector in which they are employed.

Mid-Level Career Salaries

CA Salary Growth

As CAs gain experience, their salaries can see significant growth. Mid-level CAs, with around 5-10 years of experience, can earn between $80,000 and $120,000 per year. This is particularly true for those who take on managerial roles or specialize in high-demand areas like forensic accounting or international taxation.

CMA Salary Growth

CMAs with a similar level of experience can earn slightly higher, ranging from $85,000 to $130,000 per year. The emphasis on strategic management and financial analysis often leads to opportunities in upper management, which can result in higher pay.

Senior-Level Salaries

CA Salary at Senior Levels

Senior CAs, such as those in executive positions like Chief Financial Officer (CFO) or Financial Controller, can command salaries upwards of $150,000 to $250,000 per year. The earning potential increases significantly with added responsibilities and the strategic importance of their role.

CMA Salary at Senior Levels

For senior-level CMAs, the salary range can be quite lucrative, often between $160,000 and $300,000 per year. CMAs in senior roles typically have a significant impact on business strategy and performance, which is well-compensated.

Industry Influence on Salaries

CA Salary by Industry

CAs often find opportunities in diverse sectors such as public accounting, corporate finance, and government agencies. Industries like banking, insurance, and consulting tend to offer higher salaries.

CMA Salary by Industry

CMAs are in high demand in industries that value financial strategy and cost management, such as manufacturing, healthcare, and technology. These sectors often offer competitive salaries to attract skilled CMAs who can drive business performance.

Geographical Impact on Salaries

CA Salaries Globally

In developed countries like the USA, UK, Canada, and Australia, CAs tend to earn more compared to their counterparts in developing nations. For instance, a CA in the USA can earn significantly more than a CA in India or South Africa due to differences in the cost of living and economic conditions.

CMA Salaries Globally

Similarly, CMAs in developed countries usually have higher salaries. For example, a CMA in Germany or Japan might earn a higher salary compared to a CMA in a country with a lower cost of living.

CMA vs CA: Which Pays More?

In the debate of CMA vs CA, it's clear that both qualifications can lead to high-paying careers. However, CMAs often have a slight edge in salary potential, especially in roles that emphasize strategic decision-making and financial management.

What is the average salary of a CA compared to a CMA?

On average, CMAs tend to earn slightly more than CAs, particularly at mid to senior levels. Entry-level salaries are comparable, but CMAs in strategic roles often command higher pay.

Which qualification, CA or CMA, is more in demand?

Both qualifications are in high demand, but the preference can vary by industry. CMAs are often preferred in roles that require strategic financial management, while CAs are highly sought after for their expertise in auditing and taxation.

Do CAs and CMAs have different career growth prospects?

Yes, while both have excellent growth prospects, CAs often progress in roles related to auditing and financial reporting, whereas CMAs advance in positions that involve strategic management and business planning.

Can a CA also become a CMA?

Yes, a CA can pursue a CMA designation to enhance their career prospects, especially if they aim to take on roles that require strong management accounting and strategic planning skills.

Which is more challenging, CA or CMA?

Both qualifications are challenging and require a significant amount of study and dedication. The CA qualification has a broader focus on accounting and auditing, while the CMA is more specialized in management accounting and financial strategy.

In conclusion, when considering CMA vs CA in terms of salary, both qualifications offer lucrative opportunities. The choice between the two should be based on your career aspirations, interests, and the specific industry you wish to work in.

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CMA USA vs. CMA India: Which Certification is Better for Your Global Career? 

CMA USA vs. CMA India: Which Certification is Better for Your Global Career? 

If you’re an aspiring accountant or financial professional, choosing between CMA USA and CMA India can be a tough decision. Both certifications offer distinct benefits, but understanding which one aligns better with your global career goals is crucial. In this detailed comparison, we’ll break down the key differences between CMA USA and CMA India in terms of global recognition, syllabus, career opportunities, and cost to help you make an informed choice. 

What is CMA USA? 

The Certified Management Accountant (CMA USA) is a globally recognized certification awarded by the Institute of Management Accountants (IMA). The course focuses on management accounting, financial management, and strategic decision-making. With its emphasis on international financial practices, CMA USA is widely accepted across the globe, particularly in regions like the United States, Middle East, Canada, and Europe. 

What is CMA India? 

The Certified Management Accountant (CMA India) is offered by the Institute of Cost Accountants of India (ICAI). It is recognized within India and focuses on cost management, costing techniques, and financial strategy relevant to Indian business environments. CMA India is tailored to Indian laws and regulations, making it a popular choice for those aiming to work in India’s corporate and public sectors. 

Key Differences Between CMA USA and CMA India 

Criteria 

CMA USA 

CMA India 

Global Recognition 

Recognized globally, especially in the USA, Europe, Middle East 

Primarily recognized within India and neighboring regions 

Duration 

6-9 months 

2-3 years 

Syllabus Focus 

Management accounting, financial planning, decision analysis 

Cost accounting, financial strategy, Indian law 

Exam Structure 

Two parts, multiple-choice and essay questions 

Three levels (Foundation, Intermediate, Final) 

Average Salary 

Higher global salary, especially in multinational companies 

Competitive salary in India, primarily in local firms 

Cost 

Around $2,500 - $3,000 for the full course 

Approximately ₹50,000 - ₹60,000 

Global Recognition 

One of the most significant factors to consider is global recognition. 

CMA USA: This certification is widely recognized across the USA, Europe, the Middle East, and other international markets. If you aim to work for multinational corporations (MNCs), or in countries like the United States, Canada, or Australia, then CMA USA holds an advantage. It’s often preferred by global employers because of its focus on international standards of financial management. 

CMA India: While CMA India is highly regarded within India, its recognition outside the country is limited. If you plan to work in Indian companies, government bodies, or public sector organizations, then CMA India might be a better fit. However, for opportunities in global firms, CMA USA has wider acceptance. 

Syllabus and Exam Structure 

Understanding the syllabus and exam structure of both certifications is vital to determine which aligns with your career interests. 

CMA USA: 

The CMA USA syllabus is divided into two parts: 

Part 1: Financial Planning, Performance, and Analytics (Cost management, budgeting, internal controls) 

Part 2: Strategic Financial Management (Risk management, corporate finance, decision analysis) 

Each part consists of 100 multiple-choice questions and two essay questions. The focus is on global accounting practices, strategic management, and financial decision-making, which makes CMA USA more suited for international roles (iProledge Academy   ). 

CMA India: 

The CMA India syllabus covers three levels: 

Foundation: Basic accounting and economics. 

Intermediate: Cost accounting, taxation, and law. 

Final: Advanced financial management, corporate laws, and auditing. 

The exam structure is like other Indian professional courses like CA and focuses heavily on costing techniques and Indian financial laws, making it suitable for professionals aiming to work in India’s corporate sector (iProledge Academy  ). 

Career Opportunities and Salary Expectations 

Your earning potential and career opportunities can vary depending on the certification you choose. 

CMA USA: 

CMA USA holders are often employed in multinational corporations (MNCs), investment firms, and consulting companies. The certification is highly regarded for roles in strategic financial management, cost management, and business decision-making. On average, CMA USA professionals earn a higher salary globally, especially in regions like the Middle East, Europe, and the USA. According to IMA’s salary survey, CMA USA holders can earn up to 30-40% more than their non-certified peers in similar roles (iProledge Academy  ). 

CMA India: 

CMA India professionals are primarily employed in Indian firms, government organizations, and public sector undertakings (PSUs). The salary range is competitive, with a focus on cost accounting, taxation, and corporate law. CMA India holders are more likely to pursue accounting roles in Indian companies, although the salary range is generally lower compared to CMA USA professionals working abroad. 

Cost and Duration 

CMA USA: 

The cost of pursuing CMA USA can be higher, ranging from $2,500 to $3,000, depending on whether you choose review courses and materials. The course duration is relatively short, typically 6 to 9 months, and can be completed at your own pace. 

CMA India: 

The cost of CMA India is more affordable, ranging from ₹50,000 to ₹60,000 for the entire course. However, the duration is longer, with most students taking 2 to 3 years to complete all levels. 

Which Certification Should You Choose? 

Your choice between CMA USA and CMA India depends largely on your career aspirations: 

Choose CMA USA if: 

You aim to work for multinational corporations. 

You plan to pursue a career outside India in regions like the USA, Europe, or the Middle East. 

You want to specialize in global management accounting and financial decision-making. 

Choose CMA India if: 

You plan to work in India, especially in sectors like manufacturing, public sector units, or Indian corporates. 

You are focused on cost management and Indian financial laws. 

You are looking for a more affordable and longer-term course. 

Why Choose iProledge Academy for CMA USA or CMA India? 

At iProledge Academy, we offer expert guidance and support for both CMA USA and CMA India aspirants: 

Comprehensive Study Materials: Our tailored materials cover all exam topics in detail, ensuring you’re fully prepared for both the theoretical and practical aspects of the course. 

Experienced Faculty: Learn from top instructors with deep industry knowledge who will guide you through every step of your journey. 

Mock Tests and Feedback: We provide regular mock tests and personalized feedback to ensure continuous improvement in your preparation. 

Flexible Learning Plans: Our programs are designed to cater to both working professionals and full-time students, with flexible learning schedules. 

Conclusion: Your Path to a Global Career Starts Here 

Whether you choose CMA USA for its global recognition or CMA India for its relevance in the Indian market, both certifications offer rewarding career paths. Take the time to evaluate your career goals, location preferences, and the industry you want to work in, and make an informed choice. 

At iProledge Academy, we are committed to helping you succeed in your CMA journey. Enroll today and take the first step toward becoming a globally recognized Certified Management Accountant! 

FAQs 

1. Is CMA USA better than CMA India for working abroad? 

Yes, CMA USA is widely recognized internationally and is ideal for professionals looking to work in multinational companies and global markets. 

2. How long does it take to complete CMA USA vs. CMA India? 

CMA USA typically takes 6-9 months, while CMA India takes 2-3 years to complete all levels. 

3. What is the average salary of a CMA USA professional? 

CMA USA holders can earn up to 30-40% more than their non-certified peers, especially in global markets like the USA and Middle East. 

[ksacademyca]

CA vs CMA – Comparison

Choosing a career is one of the most significant decisions you’ll ever make. It will affect the rest of your life. Many people aspire to be Chartered Accountants, while others seek to become Certified Management Accountants. Confused about CA compared to CMA?

While each of these courses aim to achieve the same goal, they differ significantly. This blog will help you interpret these distinctions and show you how to make the proper selection because we are here to investigate the differences between CA and CMA and determine which is best for you to pursue.

Read More: https://ksacademy.co.in/blogs/ca-vs-cma/

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KS Academy: The Best Institute in Hyderabad

1.Introduction

Overview of KS Academy KS Academy is a premier educational institution in Hyderabad, renowned for its exceptional coaching programs tailored to meet the academic and professional needs of students. With a focus on delivering quality education through innovative teaching methodologies, KS Academy has become a beacon of excellence in the educational sector.

Importance of Choosing the Right Institute Selecting the right institute is crucial for a student’s academic and professional growth. The right environment, faculty, and resources can significantly impact learning outcomes and career prospects. KS Academy stands out as the ideal choice for students aiming to excel in their chosen fields.

Brief History of KS Academy Founded in [year], KS Academy has a rich history of academic excellence and a commitment to student success. Over the years, it has evolved to incorporate the latest educational trends and technologies, ensuring that students receive a contemporary and comprehensive education.

2. Location and Facilities

Campus Details Located in the heart of Hyderabad, KS Academy boasts a state-of-the-art campus designed to provide an optimal learning environment. The campus is equipped with modern classrooms, laboratories, and libraries, offering students access to the best educational resources.

Infrastructure and Facilities KS Academy offers cutting-edge infrastructure, including high-speed internet, well-stocked libraries, and advanced computer labs. The institute also provides comfortable and secure hostel facilities for outstation students, ensuring a home-like environment.

Accessibility and Transportation The academy is easily accessible via various modes of transportation. It is well-connected by public transport, and ample parking space is available for those commuting by personal vehicles. The central location makes it convenient for students from all parts of the city.

3. Courses Offered

Overview of Courses KS Academy offers a wide range of courses designed to cater to different academic and professional aspirations. From undergraduate to postgraduate programs, the institute provides comprehensive educational solutions.

Specialized Courses In addition to general courses, KS Academy offers specialized programs in fields like Chartered Accountancy (CA), Company Secretary (CS), and Cost and Management Accounting (CMA). These courses are tailored to meet the specific needs of professional students.

Online vs. Offline Courses Understanding the need for flexible learning options, KS Academy provides both online and offline courses. The online courses are designed to offer the same level of interaction and engagement as traditional classroom settings, ensuring students do not miss out on any learning opportunities.

4. Faculty

Experienced Teaching Staff KS Academy prides itself on having a team of highly qualified and experienced faculty members. These educators bring a wealth of knowledge and real-world experience to the classroom, enhancing the learning experience for students.

Faculty Qualifications The faculty at KS Academy comprises experts with advanced degrees and professional certifications in their respective fields. Their extensive industry experience ensures that students receive practical insights alongside theoretical knowledge.

Student-to-Teacher Ratio Maintaining a low student-to-teacher ratio is a priority at KS Academy. This approach allows for personalized attention and ensures that each student’s learning needs are addressed effectively, fostering a more interactive and engaging educational experience.

5. Curriculum and Teaching Methodology

Curriculum Structure The curriculum at KS Academy is meticulously designed to cover all essential aspects of the subjects offered. It is regularly updated to incorporate the latest industry trends and academic advancements, ensuring students are well-prepared for their careers.

Innovative Teaching Methods KS Academy employs innovative teaching methodologies, including interactive sessions, group discussions, and practical workshops. These methods are designed to make learning more engaging and effective, helping students grasp complex concepts with ease.

Practical vs. Theoretical Learning A balanced approach to education is maintained, with equal emphasis on practical and theoretical learning. Practical sessions and real-world case studies are integrated into the curriculum to provide students with hands-on experience and a better understanding of the subject matter.

6. Admission Process

Eligibility Criteria Admission to KS Academy is based on merit. Prospective students must meet specific academic qualifications and pass entrance examinations, where applicable. Detailed eligibility criteria for each course are available on the institute’s official website.

Application Procedure The application process at KS Academy is straightforward and user-friendly. Applicants can apply online through the official website, providing the necessary documents and information. The admission team is available to assist with any queries during the application process.

Important Dates and Deadlines It is crucial for prospective students to stay informed about important dates and deadlines related to the admission process. KS Academy provides a detailed schedule on its website, including application start and end dates, entrance exam dates, and interview schedules.

7. Fee Structure

Detailed Fee Breakdown KS Academy offers a transparent fee structure, ensuring students and parents are well-informed about the costs involved. The fee breakdown includes tuition fees, examination fees, and additional charges for resources and facilities.

Scholarship Opportunities Recognizing the need to support deserving students, KS Academy offers various scholarship programs. These scholarships are awarded based on academic performance, financial need, and other criteria, providing financial relief to meritorious students.

Financial Aid and Installment Options To ease the financial burden, KS Academy provides flexible payment options. Students can opt for installment plans, and financial aid is available for those who qualify. The aim is to make quality education accessible to all students.

8. Student Life

Extracurricular Activities KS Academy encourages students to participate in a variety of extracurricular activities. These activities include sports, cultural events, and academic clubs, providing students with opportunities to develop their skills and interests outside the classroom.

Clubs and Societies The institute hosts several clubs and societies catering to diverse interests, such as debate clubs, science clubs, and cultural societies. These organizations foster a sense of community and help students develop leadership and teamwork skills.

Student Support Services KS Academy is committed to the overall well-being of its students. The institute offers comprehensive support services, including counseling, academic advising, and career guidance. These services ensure students have the resources they need to succeed academically and personally.

9. Achievements and Accolades

Awards and Recognitions KS Academy has received numerous awards and recognitions for its excellence in education. These accolades reflect the institute’s commitment to providing high-quality education and its role in shaping successful careers.

Alumni Success Stories The success of KS Academy is evident in the achievements of its alumni. Graduates have gone on to excel in various fields, securing prestigious positions in top companies and making significant contributions to their industries.

Student Achievements Current students at KS Academy have also garnered recognition for their accomplishments in academics, sports, and extracurricular activities. These achievements highlight the institute’s dedication to nurturing talent and fostering excellence.

10. Industry Partnerships

Collaborations with Companies KS Academy has established strong partnerships with leading companies across various industries. These collaborations provide students with valuable industry exposure and opportunities to work on real-world projects.

Internship Opportunities The institute offers a robust internship program, allowing students to gain practical experience and enhance their employability. Internships are facilitated through industry partnerships, ensuring students receive relevant and impactful experiences.

Placement Support KS Academy provides comprehensive placement support to its students. The dedicated placement cell works tirelessly to connect students with potential employers, organize job fairs, and conduct workshops on resume writing and interview skills.

11. Testimonials

Student Testimonials Many students have shared their positive experiences at KS Academy, praising the quality of education, supportive faculty, and vibrant campus life. These testimonials reflect the satisfaction and success of the student community.

Parent Testimonials Parents of KS Academy students have also expressed their gratitude for the institute’s role in their children’s academic and personal development. They commend the institute for its safe environment and the holistic education provided.

Faculty Testimonials Faculty members at KS Academy take pride in being part of such a reputable institution. They highlight the collaborative and innovative teaching environment, which allows them to deliver the best education to their students.

12. Frequently Asked Questions (FAQs)

General Queries

What is the location of KS Academy?

What facilities are available on campus?

How can I contact the administration office?

Course-Specific Queries

What courses are offered at KS Academy?

Are there any specialized programs available?

Can I switch from an offline course to an online course?

Admission-Related Queries

What are the eligibility criteria for admission?

How do I apply to KS Academy?

What is the fee structure and are there any scholarships available?

13. Conclusion

Summary of Key Points KS Academy stands out as the best institute in Hyderabad, offering a comprehensive and high-quality education. With its excellent faculty, modern facilities, diverse courses, and strong industry connections, it provides students with the tools and opportunities they need to succeed.

Call to Action If you are looking for a premier educational institution that will equip you with the knowledge and skills to excel in your career, look no further than KS Academy. Visit our official website to learn more and take the first step towards a bright future.

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CMA Certification focuses on strategic management accounting skills

On the other hand, the CMA certification focuses on strategic management accounting skills. It emphasizes cost management, financial analysis, and performance management. CMA professionals possess in-depth knowledge of managerial accounting techniques, aiding organizations in making informed decisions to achieve their strategic objectives.

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Comparing CA and CMA: Salary and Distinctions for Informed Career Choices

Are you a commerce student faced with the challenging decision between pursuing a career in Chartered Accountancy (CA) or Cost and Management Accountancy (CMA)? The choice between these two esteemed professions is a common dilemma for many, and making an informed decision is crucial for a successful career. In this blog, we’ll provide a detailed comparison between CA and CMA, focusing on key points, program introductions, in-depth analysis of differences, salary comparisons, career paths, and ultimately helping you make the right choice.

Comparison Between CA and CMA – Key Points The decision between CA and CMA often comes down to understanding the key differences between the two professions. Let’s delve into the fundamental aspects of both programs.

Introduction to the CA Program The Chartered Accountancy (CA) program is globally recognized and offers a diverse range of career opportunities in finance, accounting, taxation, and auditing. Attaining the CA designation involves a structured process.

Steps to Attain CA Designation: Complete 10+2 education with a minimum of 50% marks. Register and clear the CA Foundation Exam. Register and clear CA Intermediate. Finish CA practical training for three years. Appear and clear CA Final for both groups. Complete the course and obtain the CA certification and membership. CA vs CMA – In-Depth Analysis of Differences Now, let’s conduct a comprehensive analysis of the differences between CA and CMA, considering various aspects. Salary Comparison for CA and CMA in India Criteria CA CMA Initial Salary Rs. 10-12 lakh per annum Rs. 7-8 lakh per annum Job Options Auditing, taxation, accounting, finance, consultancy, etc. Financial analysis, cost accounting, budgeting, planning, etc. Scope/Demand High demand for CA professionals in big four firms, MNCs, the public sector, etc. High demand for CMA professionals in manufacturing, financial services, and the public sector. More Info: https://www.icai.org/post.html?post_id=13752

Career Paths After Completing the CA Program Audit and Assurance:Reviewing and assessing financial statements, ensuring compliance with laws and regulations. Taxation: Working as tax consultants or managers, advising clients on tax compliance and planning. Finance and Accounting: Positions such as financial analyst, financial controller, and CFO, managing financial operations and formulating financial plans. Risk Management: Serving as risk managers or internal auditors, detecting and evaluating risks, ensuring compliance. Investment Banking: Advising clients on financial matters, handling mergers and acquisitions, and raising business financing. Chief Financial Officer: Overseeing a company’s finances, covering financial planning, risk assessment, and financial reporting. Career Paths After Completing the CMA Program Cost Accountant: Assessing and managing the expenses of a company, creating cost accounting systems, and evaluating financial information. Financial Analyst: Evaluating financial data, making investment decisions, and collaborating with management to provide financial strategy recommendations. Management Accountant: Providing financial information for decision-making, setting budgets, and reviewing financial performance. Financial Manager: Handling an organization’s financial operations, creating financial strategies, and advising management on financial matters. Chief Accountant: Responsible for a company’s financial transactions, often hired by government institutions, hospitals, banks, and retail companies. Internal Auditor: Assessing and enhancing the efficacy of an organization’s internal controls, risk management, and governance systems. CA vs CMA: Making the Choice The decision between CA and CMA ultimately depends on individual interests, skills, and professional goals. CA offers a more rigorous course with a focus on accounting and finance, providing global recognition and a wider range of employment prospects. On the other hand, CMA focuses on cost and management accounting, offering specific knowledge in cost management, budgeting, and decision-making. To make the right choice, students should assess their interests, talents, and career objectives.

Commonly Asked Questions About CA vs CMA Q1. Which profession has a better salary among CA, CMA, and CS? A1. A CA fresher earns a starting salary of 6-7 lakhs INR per month, whereas CMA and CS freshers earn between 4-5 lakhs INR. All three are good career opportunities.

Q2. Which course is more difficult: CA or CMA? Q3. Can I do both CA and CMA courses? Q4. What is the passing percentage for CA and CMA exams? Conclusion: In conclusion, choosing between CA and CMA is a significant decision that requires careful consideration of individual preferences and career goals. Both professions offer unique advantages, and the right choice depends on what aligns with your interests and aspirations.

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CA VS ACCA VS CS VS CMA

CA VS ACCA VS CS VS CMA- By Mr. Kuldeep Singh Panwar This video will be helpful for those students who is Confuse about Career , What to do after 12th Class Read the full article

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CA VS CS VS CMA Which Is Better? in Tamil சி ஏ சி ஸ் சி எம் ஏ எது சிறந்த...

CA|CS|CMA - Which is Better? - ARA Education, No.1 Leading Professional Institute in Coimbatore, Tamilnadu, India. For further information, please call us @ +91 422 - 4355539 | 94 89 87 79 79 or visit us @ https://www.araeducation.in/ https://www.araeducation.in/cs-acs-coaching-classes https://www.araeducation.in/cma-icwa-coaching-classes https://www.araeducation.in/ca-coaching-classes

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Watch this before choosing CMA USA In this video you will study:

* What is the CMA USA exam? * CMA Course Duration? * What all is covered in US CMA? * Major profiles once students pass the US CMA Qualification? * Package or the compensatio for US CMA * What are the eligibility criteria of the CMA exam? * How to study for the CMA exam? * CMA USA vs CMA India (ICWAI) * CMA study material

In this session, Sripal Jain(CA, CPA USA) talks about the importance of US CMA in India. The session covers all the aspects of CMA exams, from the course structure to the job opportunities for a CMA.

CMA stands for Certified Management Accountant and works for decision making, planning, analysis, and costing. The scope and demand for a CMA are increasing because many outsourcing companies are settling in India.

[simandhar]

CA vs US CPA | US CPA Course Eligibility Fees Salary | Simandhar Education | AICPA NIES

Simandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4 Chartered Accountant Course Vs Certified Public Accountant If you are confused between CPA and CA, this video will clear all your doubts. You will also learn about US CPA exam eligibility criteria, why US CPA is important to advance our career in finance, job opportunities after cracking the CPA exam and many more such questions. Simandhar Education, the Official partner of Becker professional education and Channel partner of AICPA. Know Everything about US CPA Course Eligibility Fees Duration Salary. 𝐀𝐛𝐨𝐮𝐭 𝐒𝐢𝐦𝐚𝐧𝐝𝐡𝐚𝐫 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧

https://www.youtube.com/channel/UCNtcsDN1WhnsdS_m2wY-Z-g

[upliftpro]

US CMA course or MBA – Which course is better after B.com in year 2021?

USA CMA

US CMA course or MBA, which of the two is better? Are you confused on choosing the right course? In this article, we help you to provide insights on US CMA course and MBA.

When it comes to different career options for a commerce graduate, the most common careers after B.Com includes US CMA, MBA, M.Com, CA to name a few. Among these, US CMA is one such impressive international course in field of management and accounting.

CMA stands for Certified Management Accountant and is offered by the Institute of Certified Management Accountants (IMA). Earning the US CMA can give you the career boost you are looking for .They also have an excellent absorption rate all over the world. Currently, CMA has presence in over 100 countries including the United States (US).

The major difference between US CMA qualification and a MBA degree is that the US CMA is a professional certification while the MBA is an academic degree. There are some key differences between these that you should know before choosing either path.

Career path of US CMA vs. MBA

US CMA is an international qualification and is one of the best course for students seeking jobs outside India. US CMAs can occupy positions such as Research Analyst, Cost Accountant, Financial analyst, Finance manager or Financial C-Suite roles. They often become experts in field of accounting and finance departments of an organization.

On the other hand, MBAs works in different business functions of an organisation including strategy, finance planning, and management consultant. MBA degree is well suited to a professional who looks to enter in to broader areas of business functions.

Eligibility for US CMA course vs. MBA

Both US CMA and MBA require a bachelor’s degree as basic eligibility. However, Students who are pursuing their bachelors are eligible to take the CMA exams. Another, key requirement of US CMA course is that students have to meet the CMA work experience requirements. These include

Two years of professional experience in accounting or finance

For fresher’s the experience requirement may be completed within 7 years of passing the examination.

Course details – US CMA course vs. MBA

Regarding US CMA course details , the course has just 2 parts which can be cleared in 7 to 9 months’ time. One key advantage is that you can complete the course without disturbing your current commitments. This is highly beneficial for working professionals who wishes to up skill and accelerate their career paths.

It is seen that students who are finishing undergraduate degree take the CMA Exam and then complete the certification process once you have qualified the work experience criteria.

These days most of the US CMA course institutes provide live online classes which adds flexibility to this program.  Uplift Pro is one such premier institute in India offering live interactive online classes. They have a pass rate of 85% as compared to worldwide pass-percentage for CMA US is 45%.

In contrast, a full time MBA course has two years of duration. This may extend if you plan to complete the course through distance or part-time learning. Thus earning a US CMA certification has a competitive advantage on completing the course faster than a MBA degree.

US CMA course fee vs. MBA course fee

Course fee is an important criteria largely due to ever-rising tuition rates. In general, a MBA from a premium B-School, it costs INR 20 lakhs to INR 50 lakhs. Even a Tie2- 2 institution in India charges a minimum of 5 lakhs to 8 lakhs.

In case of US CMA course fee, one needs to spend a maximum of INR 1.5 lakh (inclusive all) to be a US CMA. But the interesting thing is that one gets 5 to 10 times more exposure in the international job market and MNCs within India being a US CMA compared to an MBA Finance. Thus US CMA course fees is affordable.

Salary after US CMA course vs. MBA

CMA US is in great demand in all sectors. CMAs are also being recruited by MNCs like Accenture, Amazon, Deloitte and so on for the managerial positions.

The below image depicts the US CMA Salary in India.

The salary structure of a MBA professional depends on the brand name of the business schools from where you attain your MBA degree. It is found that there is a high pay gap between students who complete degree from premier institute like IIM, ISB, and IIFT than compared to a tier 2 college. The truth lies in the fact that many top companies recruit students from only these top business schools.

Typically, an average Indian passing out from a tier 2 college gets an annual package staying from INR 3 lakh, which may vary depending on location and companies.

IMA’s 2021 Global salary survey on CMA

The latest Global Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that a median salary of a CMA professional is above 58% higher than non-CMAs and MBA. The study was based on a sample population of 3,085 respondents from 79 countries across the globe.

In the study, It was found that the difference in total compensation between CMAs and non-CMAs (including MBA) worldwide is nearly US$29,000; a strong reason why a US CMA course is a career changing qualification.

Figure 1:  Median salary and Total compensation by region, CMA VS. NON-CMA

Summary

Based on the above parameters, we can clearly say that US CMA is better than the MBA for the B.COM graduates in the following manner:

Duration of course

Salary and Job opportunities

Flexibility of the course

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CMA, US CPA US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center.

Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong backup to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of the exclusive features include.

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. We have a pass rate of 80% in US CMA course exams

D. Affordable US CMA course fees with special discount in your IMA fees.

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session,  IMA registration and job assistance.

For more details please write us here: info@upliftprofessionals.in

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

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Top CA inter institutes in Telangana

Objective:

T o acquirethe  ability  to  apply  specific  accounting  standards  and  legislations  to  different transactions  and  eventsandin preparation and presentation of financial statements of various business entities.

Contents:

1. Process   of   formulation   of   Accounting   Standards   including   Ind   ASs   (IFRS converged   standards)   and   IFRSs;   convergence   vs   adoption;   objective   and concepts of carve outs.

2.Framework  for  Preparation  and  Presentation  ofFinancial  Statements  (as  per Accounting Standards).

3. Applications of Accounting Standards:

AS1 :Disclosure of  Accounting Policies

AS2 :Valuation  of Inventories

AS3 :Cash Flow Statements  

AS4:Contingencies and Events  occurring after  the  Balance Sheet  Date

AS5 :Net   Profit   or   Loss   for   the   Period,   Prior   Period   Items  and  Changes  in Accounting Policies

AS10:Property,  Plant and Equipment

AS11:T he Effects  of  Changes in Foreign Exchange Rates

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