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What course can I do along with CMA


t.risega2004 19th Aug, 2020
Answer (1)
AJAY KUMAR POLAVENI 19th Aug, 2020

hello there!

There are various courses which can be done along with CMA which will add value to one's profile and also improve their standing in the job market.However one should not be ignorant of the fact that CMA itself is a very difficult course and it takes so much hardwork to complete the course, and this takes a lot out of a person both mentally and emotionally. So one should choose his further studies wisely ,so that when completed it should give a good return on investment (investment here means both time and money).Here is a list of courses which can be done along with CMA :

Company Secretary (CS)

If you are interested in company law and secretarial auditing then this is the best course .The cs course is a modified version of the traditional law degree which mainly deals with corporate and tax laws along with secretarial standards and when done along with CMA gives immense weightage to the profile .you can also do CS after completing your CMA as CMA institute has MoU with ICSI by which CMA qualified get so many exemptions in CS course and vice versa

CHARTERED ACCOUNTANT

CA course deals with various Subjects like taxation ,management ,auditing,financial management,accounting.This course also adds great value to the profile .The subjects are pretty similar to that of CMA which helps in easing the difficulty of the course .almost 90% syllabus of CA and CMA is almost same there are just 2–3 different subjects like in CA final there is auditing while in CMA final there is cost audit.business valuation is being part of financial reporting in CA final while in CMA it is different subject. Even you don't need to take separate coachings for CA .coaching of CMA will be sufficient for CA as well.

CHARTERED FINANCIAL ANALYST (CFA)

If you are looking to make a career in investment banking or pure finance related jobs then this is the best option. Recognized globally,this course is offered by the CFA institute located in the USA thorough its various chapters and test centres located throughout the world.

MBA

After completion of CMAor along with CMA ,doing a MBA from any top b- school in the country gives a lot of advantage by virtue of good placements and increased pay.you can also do MBA from distance learning like symbiosis university.

LAW

This is also a very good option which can be pursued along with CMA. Completing law enables you to represent the clients in law court and will not just be limited to tribunals .

CERTIFIED PUBLIC ACCOUNTANT (CPA)

This course is offered by the American institute of certified public accountants (AICPA)which if completed helps you to provide auditing services in USA .It also enables you to get into firms which deal with US based companies .

These are some of the major options which one can look into along with CMA . There are also other courses like actuaries course offered by the Institute of Actuaries of India , CISA/DISA offered by the ISACA which helps you to become an IS auditor and the ICMAI has entered to MoU with various accounting bodies which enables you to become a member of those accounting bodies upon passing the required papers like CIMA etc.

B. COM AND M. COM

You can also do B. COM and M .COM (http://m.com/) along with CMA that is the easiest option because you don't need to put any extra effort for this courses . Syllabus of CMA will automatically cover syllabus of these courses and you can give exams even by studying 1 day before exam then also you will secure good percentage because you would have already studied extremely hard things in CMA.CMA institute has MOU with IGNOU by which they offer specialised b. Com and m. Com for CMA students in which u will get alot of exemptions.you can opt for that .if you want to go to government sector after CMA then you must do your B. Com and try to secure atleast 60% marks in that .

i hope this helps

goodluck!

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