CPA OR CMA : WHICH ONE SHOULD YOU CHOOSE?

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CMA OR CPA WHICH ONE SHOULD YOU CHOOSE?
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• As an accounting student, have you ever asked
  yourself whether the CMA or the CPA is the right
  certification for you?
• Students of Accounting and Finance often have a
  tough time choosing between Certified Public
  Accountant (CPA) and Certified Management
  Accountant (CMA) certifications.

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• What's the difference between the two? Both have
  their own advantages, and deciding what
  credential to pursue, its not a matter of which
  one is better. Its a matter of which is better
  for you.

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• Here are the factors you need to consider before
  choosing to go for CPA or CMA coaching.
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• Scope
• Core Skills
• Requirements
• Type of Enterprise 
• Salary
• Benefits

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Scope

• While the CMA is a globally recognised
  designation CPA designation is exclusive to the
  US. Students who desire to pursue global
  financial management positions are good
  candidates for a CMA and students who wish to
  pursue an accounting career in the United States
  may opt for a CPA.

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Core Skills

• If your core skills are in the areas of
  reporting, corporate finance, planning and
  decision making, then you should consider going
  for a CMA. If your focus is in the areas of
  compliance and regulation, taxes, audits,
  attestation and reporting, a CPA might be the
  qualification you need.

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Requirements

• CMAs require a bachelors degree and two years of
  management accounting or financial management,
  and a membership in the Institute of Management
  Accountants.
• According to the American Institute for CPAs,
  the representative body for the CPA profession,
  youll need a four years bachelors degree or
  equivalent qualification in accounting and
  business related courses along with a couple of
  years under the supervision of a qualified CPA. 

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Type of Enterprise

• If you wish to join a private or corporate
  industry, then a CMA credential is ideal. But if
  you foresee a career in a public enterprise, then
  the CPA certification is for you.

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Salary

• CPAs on an average tend to earn 15 more than non
  CPAs whereas CMAs tend to earn 60 than non-CMA
  professionals.
• Factors like experience, job title, industry and
  location determine the salary.

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Benefits

• While CMA and CPA are highly valued
  certifications, they have different advantages.
  CMA qualification gives a practical, ground-based
  approach to accounting and finance and can
  demonstrate that you have a head for business as
  well as accounting.
• CPA is seen as highly desirable for both public
  and corporate enterprises in the US and offers
  more options.

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• Whichever certification you choose, Choose wisely
  and work hard.
• Reference http//www.logiccpacma.com/blog/cpa/cm
  a-cpa-one-choose/

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Thank you