Frequently Asked Questions

Ques 1. Can you tell me which is better, CA or CMA? 

One of the most decent jobs in India is available with both courses. CMA courses are becoming increasingly popular among students over the past few years. India and abroad offer numerous career opportunities after completing the CMA certification.

Ques 2. Chartered Accountant and Cost and Management Accountant are the same thing?

There is no difference between a CA and a CMA. Taxation, auditing, and accounting are all areas of knowledge for a CA. CMAs are responsible for managing a company’s finances. CMA and CA are, however, both accounting degrees aimed at commerce students. 

Ques 3. Does CMA have a high pass rate?

Your financial and accounting knowledge will be tested rigorously in CMA exams. In CMA, the average pass rate is 45%, meaning that half of the students do not pass the examination.

Ques 4. What is the career outlook for Cost and Management Accounting?

CMAs make good career choices. A CMA role is highly regarded in the corporate world and in India. You can settle for your dream role if you become a certified CMA and gain access to a variety of opportunities in the national and international markets.

Ques 5. What if I don’t know how to do math?

There is no math requirement for CMA. You must achieve 40% marks in each subject and 50% overall to qualify for each level. Because statistics covers 60% of the syllabus, even if your math skills are weak, you should concentrate on that.

Ques 6. Do Cost and Management Accountants have a high demand?

Yes, the demand for CMAs has increased over the years. Career opportunities and packages have expanded after completing CMA in India and abroad.

Ques 7. Should I enroll in the CMA Foundation course after completing my BCOM degree?

Graduate students can directly enroll in the CMA Intermediate course.

Ques 8. How does ACCA compare to CMA?

Considering global recognition and demand, CMA is the better option. For those who wish to work in the UK and other commonwealth countries, ACCA may be a better choice.

Ques 9. What does it take to become a member of the CMA?

In order to become a CMA, you must first complete the CMA Final exams. ICMAI membership can be obtained after clearing the exams.

Ques 10. Is there a course that I should take after CMA?

After CMA, top courses include CA, CS, CFA, and MBA (in Finance).

Ques 11. What are my chances of getting placements after becoming a CMA?

Campus placements at ICWAI are available to CMA candidates. Additionally, they can contact companies personally to apply for jobs.

Ques 12. Do CMAs offer more value than MBAs?

For candidates interested in accounting and finance careers, the CMA is a better option. The MBA course is a good choice if you want to pursue Marketing, Finance, or Management.

Ques 13. Does Cost & Management Accounting stress you out?

As a CMA, you’ll have a lot of work to do and deadlines to meet. The responsibility also lies in managing the work and completing it on time.

Ques 14. Are CMA courses self-studied ?

In order to prepare for the CMA Foundation exams, students can do self-study. However, students should join good coaching for the CMA Inter and Final exams, because these exams are very difficult.