Which is better; CFA or CMA and why?

Both the courses are good in their own field and the main difference between CFA or CMA is the skill obtained. CFA focuses enhancing investment management skills including investment analysis, portfolio strategy, asset allocation and corporate finance. Whereas, CMA enable you to develop a level of expertise in both financial and management accounting and strategic management. So, we can say if someone like investment banking then they should do CFA and if someone like and interested in accounting then go with CMA. The CMA credential will make you a certified management accountant and will enable you to develop a level of expertise in both financial accounting and strategic management. CFA programme focuses on the knowledge and skills most relevant to the global investment management profession from the standpoint of a practitioner. If you complete CFA with full knowledge then you can get a job in JP Morgan Chase, PWC, HSBC bank, UBS, Bank of America, Morgan Stanley, and other top companies. CFA has over 1,23,000 member in more than 140-150 countries. CMA has over 70000 IMA members and around 20 to 30K active CMA officials. CMA also can do a job in MNC company, but you need to be knowledgeable.

1 Upvote 1 Upvote 0 Downvotes

• • Report Abuse
• Comment

Hello, CFA have following benefits: Gold Standard - The CFA charter equips you not only to enter the profession, but also to excel. Global Passport - Earn waivers from regulatory agencies, graduate programs, and more. Prestigious Network - Connect with an exclusive group of outstanding investment professionals. Strong Ethical Foundations - Gain confidence and clarity in navigating ethical issues. Unmatched Expertise - Our rigorous curriculum will equip you for complex investment decisions. Career Resources - Gain access to career guides, thought leadership, and continuing education. The CMA, for more than 40 years, the CMA (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. Why? Because CMAs can explain the "why" behind numbers, not just the "what." And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table. In comparison, they are actually qualifications for very different career paths. CMA, which stands for Certified Management Accountants, are designed for accountants working outside of CPA firms. This essentially means 3/4 of all accountants working in various industry and corporate functions. The CMA is most applicable for those who deal with cost and inventory accounting. CFA, which stands for Chartered Financial Analyst, is a designation for finance and investment professionals those working in equity research, asset management, hedge funds and other types of investment management. As you can see, these careers don’t have much overlap. If you are working (or aspire to work) in either profession, you should be clear which qualification you should be aiming for.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

CFA is considered to be the gold standard in the world of finance. It covers finance 360 degrees. CMA on the other hand is specifically on management accounting is more concerned about the topics such as management accounting, corporate accounting, statement analysis, costing related topics which concern the management of any company more specifically. But CFA will give you a flavor of everything (not much into Accounting concepts though) right from markets to corporate finance to risk to portfolio management.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment