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US CMA vs. US CPA course – Top differences updated in 2021

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Title: US CMA vs. US CPA course – Top differences updated in 2021


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US CMA vs. US CPA course Top differences
updated in 2021
Offered by Uplift Pro- Leader in US CMA course
training
https//www.upliftprofessionals.in
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US CMA vs. US CPA course Top differences
updated in 2021
  • Almost all finance and accounting students face
    challenges in choosing their career path. A
    question arises whether I need to pursue a
    certification course like US CMA course or US CPA
    course? Which among them is better? What are the
    key differences between a US CMA course and US
    CPA course? Can (or should) I get both? Lets
    understand some of the major differences between
    US CPA and US CMA certifications

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US CMA vs. US CPA course Top differences
updated in 2021
  • 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 as they have an
    excellent rate of absorption all over the world.
    Currently, CMA has marked its presence in over
    100 countries including the United States (US).
    The US CMA course is pursued by students who are
    keen in learning budgeting and management
    accounting.
  • On the other hand, CPA stands for Certified
    Public Accountant and is offered by American
    Institute of Certified Public Accountants
    (AICPA). The students have to pass the US CPA
    exam as well as meet the states licensing
    requirements to get the US CPA license.
    Generally, students who are interested auditing,
    management accounting, accounts handling,
    taxation takes this certification course.

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US CMA vs. US CPA course Top differences
updated in 2021
  • 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. Earning the US CMA can give you the
    career boost as they have an excellent rate of
    absorption in all over the world. Currently, CMA
    has marked its 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.

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Eligibility details US CMA vs. US CPA
  • When it comes to course eligibility, students
    must have a bachelors degree as basic
    eligibility. However, Students who are pursuing
    their bachelors are eligible to take the US CMA
    exams. Another, key requirement of US CMA
    course is that students have to meet the CMA work
    experience requirements. These include
  • 1. Two years of professional experience in
    accounting or finance
  • 2. For Freshers the experience requirement may
    be completed within 7 years of passing the
    examination.
  • The students pursuing the US CPA course must
    should have a Bachelor degree in Commerce and
    Masters with minimum 120 credit points. Further,
    the students should complete 150 hours of the CPA
    course semester.

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Duration and exams
  • To earn your CPA, Candidates appearing for exam
    is required to score of 75 or more on each
    section to pass, and each section must be passed
    within an 18-month window, which begins as soon
    as the candidate passes the first exam. CPA exam
    scoring is treated with a high level of
    importance, due diligence, and attention to
    accuracy.
  • On the other hand, a US CMA course candidate gets
    3 years for clearing both parts of the US CMA
    exam and the time starts from the day of the
    registration.
  • As per the latest analysis from Uplift Pro, the
    pass rate of US CMA worldwide to clear both Parts
    I and Part II is 45 while, the average pass
    percentage for US CPA exam is nearly 50.

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Job opportunities
  • In India a fresh US CPA starts with a minimum
    monthly salary of 50,000 INR in a Big4 or MNC.
    The salary of a CPA increases at a higher rate
    than his non-certified peers. A CFO in India
    earns within INR 8 Lakhs to 50 Lakhs per month.
    In Middle East countries a CPA at an entry-level
    with less than a year experience can expect to
    earn an average annual salary of AED 85,000
    (including perks and other benefits).
  • In case of US CMA course, a fresh candidate in
    India can get a starting salary of INR 4-8 lakhs
    per year. This can go up to nearly INR 80 Lakhs
    once you become a CFO of a company. 
  • 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.  It was found that the
    difference in total compensation between CMAs and
    non-CMAs (including MBA) worldwide is nearly USD
    29,000 a strong reason why a US CMA course is a
    career changing qualification

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US CPA vs. US CMA Course fees
  • Another key difference in choosing the course
    lies in the course fees. The US CMA exam has an
    entrance fee and a registration fee for each exam
    part. As of May 2021, US CMA certification cost
    is approximately USD 1,000, which includes all
    the fees. This doesnt include the cost of a
    review course for studying.
  • The US CPA course exam fee is generally around
    USD 1,200 for all four sections. However, that
    may slightly vary based on number of sections you
    appear for the exam and also varies state by
    state.
  • On an average the US CPA certification cost comes
    at around USD1, 500, considering the exam fees,
    application fees, and licensing fee.  Again, this
    does not include the cost of a review course for
    studying

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US CPA vs. US CMA Comparative Table
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Uplift Pro
  • Uplift Pro is proud to have some of the best US
    CMA mentors in its team. Hence it never
    compromise on the quality part and provide you a
    guarantee Till You Pass.
  • Some of the exclusive features include.
  • Authorized partner of Gleim in India
  •  Live online classes ensuring that the regular
    office working hours is least impacted
  • 11 personal support from our 30 plus years of
    experienced US CMA certified faculties
  • "Till you pass" guarantee assuring that you may
    attend our live online classes at no extra cost
    until you pass
  • 100 placement assistance for jobs

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  • Get in Touch With Us
  • Location - Kolkata, India
  • Email -  info_at_upliftprofessionals.in
  • Phone- 91-9455103282 / 91-878788850
  • Website - https//www.upliftprofessionals
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