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Showing posts from October, 2021

US CMA Salary: A Guide for 2022

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Ever wonder what the average salary of a US CMA is?   As per the Association of Financial and Accountants Professionals, the average salary of a US CMA in the United States for 2019 was $100,000. Including the compensations and bonuses, the median net income for a US CMA is more than $108,000.   If you intend to advance your career in accounting and finance then opting for the US CMA course is the best option. Let's move right into our topic "Salary guide of a US CMA in 2022."   Expected Salaries of US Certified Management Accountants (US CMA) in 2022:   Management Level Median Base Salary All Levels $105,000 Lower $73,717 Middle $100,000 Senior $134,071 Top $150,000   IMA Global Salary Survey:   The IMA Global Salary Survey collected information/data from over 3,000 IMA in 80 countries. In 2021, 39.2% of the respons

Differences between CPA, CMA and CFA (CPA vs CMA vs CFA)

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The major difference in professionals with a  Certified Public Accountant ,  Certified Management Accountant , or Chartered Financial Analyst certification lies in their expertise area. While a US CPA specializes in finance and general accounting, a US CMA is excellent in management accounting and a CFA in investment and finance services. In the context of US CPA vs US CMA vs CFA, although these professionals function in the domain of finance, each possesses several skill sets. Certified Public Accountants primarily provide auditing, taxation, and accounting services. Chartered Financial Analyst (CFA) certification holders deal with hedge funds, investment management, and equity research, while Certified Management Accountants (CMA) handle strategic planning, and cost and inventory accounting. Kindly note that US Certified Public Accountant (US CPA) is recognized globally. CPA vs CMA vs CFA – Comparative Table: Particulars US CPA US CMA CFA Focus Area All aspects of accounting and fina