CMAs may apply for a strategic leadership program upon completion of their credential. Jibe Accounting hope the above explanation has helped you to differentiate between the levels of expertise and competency between accounting designations.
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And of course, all that hype from Big 4 certainly helped build the impression that CA is the way to go. Plus, most CAs came from Big 4. Having that on your resume opens more doors than if you just worked somewhere no one's ever heard of.
Always remember that big 4 can offer better training than most places. Smaller companies aren't looking to spend resources to train someone. They want to hire someone who can contribute to the company right away. I've seen people who say you don't learn much from Big 4 but I beg to differ.
These people simply had nothing to compare to. In many accounting jobs, you're stuck doing menial tasks that repeat every month. In big 4, at least you go to different sites to do the same tasks. The reality is that "equal status" does not matter. CMA programs also require individuals to complete an entrance exam. CGA programs comprise of two to three years worth of full-time work while CMA programs require you to enroll in a strategic leadership program.
Whether an individual is interested in either CGA or CMA program, a good combination of education, natural skills and experience are required for both.
One must possess the aforementioned attributes in order to be successful in either field. Coming from Engineering cum Human Resource Development background, has over 10 years experience in content developmet and management. So if you are planing to work internationally, the CA will bring you more benefits than the other two.
Think about it like this. The major con of the CA designation is the time investment and torture you must go through to get it. Also the fact that the CA designation is very narrow and focused in terms of what you do to acquire it. We are only talking about the top top level positions. Pro: For a CGA designation, it is the easiest to get out of the three designations. On a cost benefit analysis, the additional boost in money you get compared to the time investment is very nice.
If you have no interest in climbing the corporate public ladder, I highly recommend the CGA. It is a nice credibility booster. The work experience is also very broad.
There are many different ways to fulfill this requirement as opposed to something like the CA for example. It is not as well respected as the other designations.
A nice balance of two other designations. Not quite as hard as the CA designation. Much more respected than the CGA designation. Many people in top positions hold the CMA Designations. You get to work directly in industry and get much more interesting work. You are not specialized in accounting and auditing, but you understand enough about what needs to be done. There are certain jobs that do require a CA, and you may be turned down for some positions in favour of a CA.
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