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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