B.Com fresher or finance graduates are quite competitive when they start with their first job. It’s rather common among them to constantly chase for certifications and what’s after, just to match up with their fellow contemporaries. For those who are doubting its worth, I would say it is much required, as it will help your profile stand out.
To underline that US CPA & CMA after your name or on your resume, you should not think twice. Both are stand-alone certifications that ladder your career to the pinnacle. Plus, you will have a higher pay scale when you are a certified accountant.
The basic difference between the CPA and the CMA certification is that they have different responsibilities that they perform at the organization level. CPAs are more focused on the accounting disciplines whereas CMAs have a unique blend of business administration with accounting responsibilities.
Here is why having CPA + CMA will have the benefits-
Its financially beneficial, as US CMAs earn 47% more than the median salary
Accountants having a dual CPA+CMA certification get a 59% higher salary
It's the next step to your professional enhancement
Accountants will enjoy as a signatory authority audit evaluation
Open avenues for a much diverse career prospect
Enhances the ability to handle data and boosts decision-making ability
It’s a good combination to get considered as an organization’s CFO
These are a few of the generalized opinions on why CPA+CMA can be an absolute go-to for those who have just started their career and aspires to reach success in their career. Apart from the benefits that you can reap, it also has few overlaps between CPA and CMA exams which makes it easier to attempt one after the other. Here is the reason why-
Both CPA & CMA have similar educational requirements for eligibility of the candidates
CMA syllabus covers almost 40% of the CPA syllabus
Both the designations had lowered the experience bars for eligibility in the exams
Another fact is CMA allows relaxation for undergraduates to appear for the CMA exam whereas CPA, is very strict on the criteria that you have to be a graduate to sit for the CPA exam. The certification duo is common among the accountants who would apply for future leadership positions and many among them are CFOs. Those who have plans for the next are welcome to apply.
We at Miles Education, a premiere skilling & training institute for finance & accounting professionals, help candidates to earn their US CPA/CMA credentials. The focus for Miles Education has always been to up-skill students and professionals to help them be future-ready and enable their career progression through the US CPA/CMA qualification Committed to achieving this goal, today, Miles is India’s largest and #1 CPA review course! It has been instrumental in building the CPA/CMA ecosystem in India holding offices in 9 cities and partnerships with 100+ MNCs, including all of the Big 4s. Miles Education provides student/professional-centric services while keeping concept-based learning at its core which has helped it climb to the top ranks when it comes to the US CPA/CMA certification in India.