Two of the most popular accounting certifications are Certified Public Accountant (CPA) and Certified Management Accountant (CMA). Your choice of which to pursue will likely impact your future career opportunities, so it is important to consider the details before making a decision.
Both the CPA and CMA provide their unique benefits, and it is not a matter of one credential being better than the other, but of which one is better for your career and interests. CPAs typically begins work as a Public Accountant (generally tax and/or auditing) while those who obtain a CMA often work as a staff accountant within a wide range of industries. CPA and CMA certifications also have differing education requirements, testing structures, and costs.
The CPA is the most recognized credential in the industry, given to an accounting professional who passes the CPA exam and meets their state’s licensing requirements. A CPA is necessary for Auditors who want to advance within the field of public accounting. The American Institute of Certified Public Accountants (AICPA) offers this certification.
The CMA is a globally recognized certification in financial accounting and strategic management, making it an excellent choice if you want to work your way up in industry and private companies. The Institute of Management Accountants (IMA) offers this certificate.
To learn more about the benefits of each credential, click on the following articles below and schedule an appointment with your Career Coach here.
