CMA v/s MBA

# About Course  CMA is an advanced professional certification specifically designed to measure the accounting & financial management skills that drive business performance.
The certificate of CMA signifies that the person possesses knowledge in the areas of financial planning, decision support, analysis, control, and professional ethics. There are many professional bodies globally that have management accounting professional qualifications. It is one of the most valuable and beneficial programs in the business and the finance sector. Someone who want to make a career in the management accounting field should go for the Cost Management Accounting program as it is one of the best options available when it comes to the courses in the commerce field.



MBA is a Graduate business degree that teaches students Technical, Managerial, and leadership skills. It is popular in courses and the reason behind it is that students who belong to different backgrounds - Science, Commerce, and Humanities - can pursue it. The work of MBA Graduates is generally related to middle management levels such as Product Manager, Finance Manager, Strategy Manager, HR Manager & many more…

# Duration
 


CMA                                                                                           MBA
3 YEARS  (Or less than that)                                    2 YEARS    


# Major Subjects

   CMA                                                                                         MBA
- Business Mathematics                                             Marketing
- Business Communication                                      Business  planning
- Fundamentals of Management                       HRM (Human resource management) 
- Commercial Law                                           Finance Management
- Enterprise Management                                         Principles of Management
- Management Accounting                                        Business Law
- Business Taxation                                       Communication Skills
- Audit & Assurance                                      Entrepreneurship
- Strategic Management 
           
# Job Responsibilities / Career Areas

 COMPARISON



*  MBA is an academic degree whereas CMA is related to cost management accounts.

* Both have their own value & get top priority for being the most desired career goals in the field of accounts.

* The CMA is focused on the management of accounting while the MBA in Finance covers a much broader scope of finance units.


Major MBA Specializations in India

1.  MBA in Market Management
2.  MBA in Health Care Management
3.  MBA in Finance
4.  MBA in Human Resource Management
5.  MBA in Rural Management
6.  MBA in Business Management
7.  MBA in Operation Management
8.  MBA in Event Management
9.  MBA in Information Technology


Major CMA Specializations in India

1. Cost Accountant
2. Financial Director
3. Cost Auditing
4. Management Accounting
5. Finance Analyst
6. Cost Advisor
7. Accounting Manager
8. Corporate Controller
9. Chief Financial officer


MBA Eligibility Criteria

• Full-time MBA eligibility criteria are as follows: 

• The basic eligibility criteria for MBA (full-time) is graduation in any discipline or equivalent from a recognized university

• Most of the institutes follow the minimum score criteria in Graduation which is 50 percent on average or equivalent

• For Reserved category students, the minimum score is 45 percent in aggregate

• Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of the Graduation degree within the duration specified by the institute

• Professionals with CA/CS/ICWA and other degrees can also pursue MBA CMA Eligibility Criteria
  
  

• Every year, the CMA certification exam is conducted by the Institute of Cost Accountants of India or ICMAI. A candidate needs to fulfil the expected requirements of ICMAI to sit for the exams.
  
  

• Foundation Course

To be eligible for the foundation course, a candidate needs to pass class 10th or equivalent along with passing the senior secondary examination (+2) or equivalent. The certificate should be from a recognized board or institution in India.

• Intermediate Course

To be eligible for the intermediate course, a candidate needs to pass the foundation course of ICMAI along with passing the senior secondary examination from a recognized board or university. A candidate will also be eligible for the intermediate course if he or she has completed graduation or equivalent from a recognized board or university.

• Final course

The candidate should pass the intermediate course to be eligible for the final examination. In addition to that, he or she needs to complete 15 months of practical training.   

  CMA in India Syllabus

• In India, to become a Cost Management Accountant, you have to clear three levels of the CMA Course program:

• Foundation Exam

• Intermediate Exam

• Final Exam