Which is best Cma or mba. Please tell me

Hi Dipankar,

In this raid advancing world, a lot of opportunities are already waiting for young and budding professionals. Verticals such as, Management, Accounting, Finance, Engineering, Healthcare, Retail etc. are on a boom and are great domains to start with. Out of the many lucrative programs, two programs that stand out from others are, management and accounting and are the most sought after profiles. CMA or Certified Management Accounting is one of the best accounting course. It helps you develop accounting and management skills. On the other hand, MBA has a vast gamut of functions and is not comprising of one single domain. While CMA is a recognized professional designation, MBA is an academic degree.

Job responsibilities of both the profession are given below,

The CMA is globally recognized, advanced-level credential appropriate for accountants and financial professionals in business. Reaching the level of achievements implies that you have professional expertise in financial planning, analysis, control, decision support, and professional ethics. Professionals with such skills are in high demand across the globe.

MBA originated in 20 th century is already advancing at the pace of knots. The curriculum of MBA covers various disciplines such as accounting, finance, marketing, human resources, and operations. These MBA programs are designed so as to meet the current industrial requirements.

For CMA:

• The candidate should have a bachelor’s degree from a recognized college or university
• Candidates should have two continuous years of professional experience in management accounting or financial management
• Candidates should have finished Completion of Part 1 and Part 2 of the US CMA exam
• Candidates should be a member in IMA

For MBA:

• The minimum eligibility criterion for admission is that the candidate should have at least a 3-year bachelor’s degree with at least 50 % marks
• Candidates have to clear the CAT (Common Admission Test) or equivalent type of exam to get admission in the top MBA colleges in India
• Based on the score the candidates get in the examination, they will be shortlisted for group discussion and personal interview
• After clearing the group discussion and personal interview the candidates will get the seat in the college

CMA:

• Aspirants can enroll for CMA course from an authorized training provider of CMA. Average time period of completing the CMA course is almost half a year.
• They should join the CMA program once they are fully ready to take the exam.
• Once the candidate enroll in the program and pay the entrance fee, they must Start taking the CMA exam within 12 months and complete the CMA program within 3 years

MBA:

• Usually the MBA programs takes four semesters or 6 trimesters of full time coursework to complete
• MBA can be done part time as well. The part time MBA programs takes more than 3 years to complete. Classes over here are organized either at night or on the weekends

Both the professions are very highly acclaimed and there is good return on investments in each of them. Hence, I would request the aspirants to undergo a detailed research in each of them before finalizing one.

All the very best!!

Hey there

MBA and CMA both in India is worth doing. In case of MBA nowadays many colleges are there and so the quality has decreased so in case of MBA one should do it from any renowned Institute. For CMA in India it is tough to crack as passing percentage depends on ICWAI. But after CMA you will have guarantee of either job or working in some forms. So if you have patience and dedication I'll advise you to do CMA as it cost too low also.

Good luck