Are you perplexed about choosing CA and CMA? Well, both courses are considered as one of the toughest in India and one requires a brilliant IQ to crack them.
CA course is divided into three levels. – CA Foundation, – CA Intermediate, – CA Final along with three years of practical training.
The total duration in the CA Course is a minimum of 4.5 years including 3 years of articleship training. The duration of the CMA course is a minimum of 3-4 years. Training in CMA is also a mandatory part of this course.
Companies are looking for a candidate who can handle various tasks and CA’s are deemed to be perfect for this job profile. Hence, the demand of CMA is very limited but it is expected that the demand will rise with the passage of time.
– Statutory Audit. – Internal Audit – Advisor in Direct or Indirect Taxation – Handling Transfer Pricing – Investment Decision – System Audit – Handling the Companies Legal Matters etc.
– Cost Accounting – Cost Auditing – Financial Planning – Management Accountant – Financial Analyst – Cost Accountant – Accounting Manager – Senior Accountant – Corporate Controller – CFO
A fresher Chartered Accountant can be offered an average salary of 6-7 lakhs which increases with the experience and ability. The average salary of CMA in India lies between 5-7 lakhs which increases with the passage of time and also depending upon one’s ability.