Quote:
Originally Posted by Bonded
Hey CP,
I am considering either becoming a CMA or CA, and I know there are a few CAs out there, and was wondering if there are any CMA's out there. I know CAs make a fair amount more money over the long term but is the work a lot different that what one would do as a CMA.
FYI, I am going to do one of the fast track programs (already have a degree in International Business, but I want a future proof designation).
Also, I know there are some political issues between the accounting designations, if possible can we keep those out.
Thanks!
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CMA's are more your true accountants, and meet a glass ceiling generally at managerial level, like manager of operations accounting level. They generally excel at general accounting like reconcilations and allocations, but are weaker than a CA in high level, big picture business level decisions and finance.
This is why
A) CA's make more
B) Controller/CFO are 9/10 CA's.
CA is the gold standard, but if you're looking to be a well paid, mid-level manager, CMA is faster and easier and you make more to begin.