3 responses

  1. jamie curtis
    July 26, 2012

    I qualify to take the exam based on my education but do not meet the work experience for the CMA certification. I know I can complete the certification within 7 years but once I complete both exams, can I indicate that I have taken and passed the CMA exams but lack work experience on my resume? If so how will that look to potential employers and will it help me get a job? I am looking for a financial analyst position or something similar. My fear is that I will pay for everything, pass everything, and still will not be able to find a job. Your thoughts are appreciated. If you can please email me your response that would be great.

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    • Sohail
      June 26, 2013

      If you pass this exam, finding a job won’t be that hard. You might have to take the less salary in the beginning but chances are you will get the job. I am pursing my CPA and not even thinking about CMA. I think one certification is enough to open the doors and then get the max out of experience .

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  2. Daniel
    January 3, 2017

    I have both CPA and CMA designations, and am in public accounting – both tax and audit. The CPA designation is far and away the better credential. Everyone in business knows what a CPA is, hardly anyone knows the CMA. Over my 20 years as a CPA and CMA, no client has ever asked me about my CMA.

    Another difference: CPA is a state license, issued by a state board of accountancy under your state’s laws. CMA is a private certificate given the Institution of Management Accountants.

    The CMA certificate, launched in the mid-1970s, was expected to be on par with the CPA certificate by the mid-1980s, in terms of prestige (and certificate holders). The CMA was supposed to be the answer to accounting professionals who were not in public accounting to still get a professional designation. But it never happened: The MBA degree exploded in popularity in the 1980s – many finding it much more recognized and marketable in private accounting than the CMA. Then in the early 2000s, states began offering a pathway for people to get licensed as a CPA without public accounting auditing experience – thus taking away the last advantage the CMA may have had over the CPA.

    Nevertheless, I am still glad I got both. But hands-down, the CPA wins.

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