Can you provide all the relevant details related to CFA and CMA?

The main differences between a CPA and CMA is that a CMA has mix expertise in financial accounting and strategic management. This certification essentially expands on financial accounting by adding management skills which enable CMAs to make strategic business decisions based on financial information. CPAs perform/sign audits and are involved in lots of tax work, especially representing companies during IRS audits. Make sure you know what you'd like to do in your career since both designations lead to different industry roles. Here are some other factors to take into consideration when deciding between the two: Exam Length: CMA 2 part exam CPA 4 part exam Cost CMA ~$900 (varies by state) CPA ~$900 (varies by state) Exam Pass Rate CMA 35% CPA 46% Continuing Professional Education Requirement (CPE) CMA 30 hours per year CPA 40 hours per year Experience requirements to become fully licensed CMA 2 years CPA 1-2 years (varies by state) Average total compensation over the course of career CMA $135,000 CPA $141,000 While all of these comparisons are great, the most important thing it does not factor in is the intangible value. We feel it's our obligation to remind you that most people outside of the accounting industry know what a CPA is. Although they might not know what the title stands for, they know the acronym mostly because it is one of the most recognizable professional certifications. It is rarer that someone will know what a CMA is, much less what they do. In addition, in our experience, most employers: Prefer a CPA over a CMA Pay more for a CPA over a CMA (as seen above) Require a CPA more often than they require a CMA Although, obtaining the CPA license is a bit more difficult and will take more time, you can see that it's definitely worth it. However, we revert back to our first point, which is to go with the certification that you know will serve best for what you want out of your career. Or, if would still like to obtain both, our advice is to do just that. Get your CPA license first and then your CMA afterward.

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