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Which is better, CIMA or CMA?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Anju asked about 3 years ago

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

Membership and network - Both qualifications were established a long time ago, but CIMA has a much larger presence with 218K members and students. Global Presence - In terms of international presence, CIMA traditionally has a more global presence and is well recognized in most places but in countries like Australia and Canada CIMA is arguably less sought after. Mutual Reciprocal Agreements - CIMA has MOU with ICAI in India and alliance in various degrees with other universities and accounting associations. CMA has mutual recognition agreement with ICAI in India, and a strategic alliance with ACCA, which allows ACCA full members to automatically qualify for the CMA exam.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Aashiq Ibn Asim answered almost 3 years ago

Do CMA, and complete successfully CIMA has MOU with ICAI in India. Then u can also get the CIMA certification after writing 1 paper of CIMA for CMA holders.

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Open uri20170510 32134 t2m624?1494421736 abhishek answered about 3 years ago

hello, Both the courses have wide scope and it totally depends on your interest whether you want to do CIMA or a CMA as both are the options to step into the corporate world. Lets take a look at both the courses 1. Membership and network - Both qualifications were established a long time ago, but CIMA has a much larger presence with 218K members and students. 2. Global Presence - In terms of international presence, CIMA traditionally has a more global presence and is well recognized in most places but in countries like Australia and Canada CIMA is arguably less sought after. 3. Mutual Reciprocal Agreements - CIMA has MOU with ICAI in India and alliance in various degrees with other universities and accounting associations. CMA has mutual recognition agreement with ICAI in India, and a strategic alliance with ACCA, which allows ACCA full members to automatically qualify for the CMA exam. 4. Educational Requirements - A bachelor degree is required to get qualified for the CMA exam. This is not required for the CIMA 5. Exam Content, Format and Duration -- In this regard, CMA is quite obviously more favorable to those who want to get a qualification fast. It is a 2-part exam and most candidates aim to finish within one year. Candidates can take the exam anytime within the testing windows, which opens 6 months out of each year.In order to become a CIMA, the candidate must pass the 15 qualifying examination, complete at least 3 years of qualifying practice, and obtain verification and endorsement from supervisors. It takes a lot more time, effort and commitment. both of them are good in their own fields and it depends on you which one you choose. Hope this helps

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