Joined: 15 Feb 2010
Online Status: Offline Posts: 12
Posted: 23 May 2010 at 09:01 | IP Logged
Skooby wrote:
@notauser
Thanks for the info.
Why should someone who plans to get an MBA sit for the CPA instead of the CMA?
I've known accounting managers who only have a bachelors and a CMA to earn $80-90K, they might have earned a little more with a MBA and CPA. But an MBA is a large time commitment and money. The CPA and CMA require about the same time commitment in studying, they are essentially about the same.
To get into leadership positions companies wanted to see MBA's, which is why the accounting profession is pushing the 150 hour rule. There are plenty of companies out there where the CEO has an MBA and the CFO has a bachelors and a CPA. I really am a skeptic that an MBA adds anything when you already have a bachelors, but that's what the state licensing boards want to see.
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Topic: CMA ideal for undergrad accounting majors
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