#1 US CMA vs.CA – Which one to pursue-2021- Uplift Pro
#1 US CMA VS.CA – WHICH ONE
TO PURSUE?| 2021| UPLIFT PRO
Offered by Uplift Pro- Leader in US CMA course training
https://www.upliftprofessionals.in
SCOPE AND BENEFITS- ALL ABOUT US CMA COURSE
● With time, many of us are now familiar with the US CMA course and certification process. It is quite
evident that US CMA is considered as a gold standard in management accounting and financial planning as
it involve highest standard of professional skill and ethics.
● US CMA certification is offered by IMA and is a global credential, a good value addition to one’s resume
having immense career growth potential. Knowing all the above fact and gaining information about the
exam procedures, preparation, cost etc.,the vital question still exists.
● US CMA or CA ?The most pertinent question comes to the mind of a student or working professional in
accounting and finance domain is which professional course they should opt for to upgrade their career
with better job opportunity and better income.
COMPARISON BETWEEN US CMA AND CA
A. THE SYLLABUS
● The CA course has an elaborate syllabus at 3 tiers of the course towards certification. The CA Foundation
has 4 topics, CA IPCC has 7 topics and CA Final has 8 subjects to clear.
● In contrast, US CMA course is a,2 part exam consist of Financial Planning, Performance and Analysis for
Part 1 while Strategic Financial Management in Part 2. Hence, having less number of chapters and a two
part exam, US CMA appears to be easier and less complicated than the CA course.
B. STAGES OF CERTIFICATION
US CMA course stands easier than CA because the chapters are easy to apprehend. Furthermore, US CMA is a
single level certification process having a 2 part exam while the CA course is a multilevel process having
Foundation, Intermediate, Final and Internship respectively.
C. COURSE DURATION
US CMA can be cleared in 6 month to 1 year with dedicated preparation in an average. On the same scale, one
has to spend 5 years in average to complete the CA course..
D. EXAM PATTERN
Here also, US CMA has an edge over CA based on the fact that US CMA has only 2 groups and most of the
questions are based on multiple choice having options to tick only not available in such manner in CA exams.
E. EXAM OPTION
In this area, US CMA has advantage over CA because US CMA exams are conducted online through the
prometric centers across the globe. Moreover, the candidate has the option to select the date/slot and place of
the exam from 3 available exam windows annually, such flexibility is not available for CA exams
F. ENTRY LEVEL
Here, the CA course has the advantage over CMA US, because, one can start studying CA
after completion of 10+2 academic qualification. On the otherhand, to be eligible for US
CMA, a graduation is required with 120 credit points.
G. PASS RATE
As per July’2021 data, pass rate of CA final for both the groups stands from 1.57% to
11.97% for old and new courses respectively. On the contrary, pass rate for US CMA
stands much higher in comparison having 36.25% to 50.5% for Part 1 and Part 2 exams
respectively. It shows that CA exam is difficult to pass than US CMA
E. JOB OPPORTUNITIES
Both CAs and US CMAs have good job opportunities in private and public sectors with
comparable salaries. Being an internationally recognized credential, US CMAs has better
acceptability abroad than Indian CAs.
US CMA SALARY IN FORTUNE COMPANIES
The earning power of the US CMA course is consistent across regions, with the median salary and total
compensation higher for CMAs vs. non-CMAs for every region. In the Americas region, US CMAs earn a median
salary and total compensation that is 31% and 32%, respectively, higher than non-CMAs. This is also consistent
with prior years. In the Asia and Europe regions, US CMAs earn a median salary that is 29% and 32% higher,
respectively, compared to non-CMAs. More specifically, the following job titles were more likely to be filled by
CMAs than non-CMAs: CFO (67%), controller (59%), director of financial planning and analysis (63%), and senior
financial analyst (66%).
US CMA SALARY FOR THE FINANCIAL
ANALYSTS
If you join as a Cost or Financial Analyst and you have passed the CMA examination, you are eligible to get an
average salary of Rs. 6 to 8 lakhs every year as a fresher within India. Some of the departments in which you can
earn amazing packages include Financial Modelling, Risk Control, SAP SAP Financial Accounting and Controlling,
Valuation.
As you move to senior positions in these sectors and earn domain experience, your pay scale, as a CMA
professional, increases manifold and you can earn around 50 lakhs per annum.. In Middle east countries,
European countries or in the US, a US CMA professional learns twice or thrice as much as their peers in
India. The US CMA course is a worthy investment that not only increases earnings but provides opportunities
for advancement.
SUMMARY
In summary, upon comparison of the two courses, it is apparent that, CA is a much
tougher course and takes more time to complete than US CMA. CA is a regional
professional qualification while US CMA is a global professional certification. CAs are
authorized to practice independently but US CMA can not. As domains are different, CA
deals with chartered accounting and CMA with cost accounting, one has to choose the
appropriate course as per his/her work profile and preferences.
CMA LEAST AFFECTED BY COVID-19
● The latest Global Salary Survey 2021, on the impact of COVID-19 showed that CMAs were less
impacted in their jobs than compared to non-CMAs. Further, 43% of respondents said that their salary was
not impacted by the COVID pandemic, while 3% indicated their compensation increased.
● It was noted that 30% of respondents indicated that their salary decreased due to the pandemic, while 19%
received a lower or no bonus due to the pandemic.
● The industries which got affected by the pandemic were wholesale and retail trade (68.6%), followed by
construction (63.6%), public accounting (57.2%), and education (55.1%).
● The industries with the lowest percentage of respondents indicating a negative impact include government
(11.1%), agriculture (22.6%), and medical/health services (39.4%
UPLIFT PRO
Uplift Pro is one of the top training institutes for the US CPA, US CMA, 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 back to young
ambitious students and professionals to reach their desired career destinations in an
organized way.
Some of the exclusive features include.
Authorized partner of IMA US CMA course in India
Live online classes ensuring that the regular office working hours is least impacted
1:1 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
Affordable US CMA course fees with special discount in your IMA fees.
Comprehensive coverage of US CMA course details including authorized GLEIM CMA
study materials , class mock session, IMA registration and job assistance.
Get in Touch With Us
Location - Kolkata, India
Email - [email protected]
Phone- +91-9455103282 / +91-878788850
Website - https://www.upliftprofessionals
US CMA page - https://www.upliftprofessionals.in/us-cma-course
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