Is It Worth Pursuing US CMA Alongside CA Intermediate?

As a career counselor, I have observed that many students take the Chartered Accountancy (CA) course either without thorough research or due to external pressure from parents, friends, or societal expectations. After spending around 15 months in CA studies, students often find themselves at a crossroads deciding whether to continue the journey or switch to a different path. This article explores the feasibility and benefits of pursuing the US Certified Management Accountant (CMA) certification alongside the CA Intermediate exam.

Context of the Decision

You are scheduled to sit for the CA Intermediate exam in November 2021, and the US CMA exam is lined up for January or February 2022. Given this timeline, you might wonder whether it is feasible and advantageous to pursue both certifications simultaneously.

Importance of Planning and Diversification

One of the most crucial aspects of career planning is to have a Plan B even when you are committed to a specific career path. This is particularly true for students who have already committed to CA. To ensure a robust future, consider diversifying your skills and certifications.

For those who decide to stick with CA, it is highly recommended to have additional professional certifications as a safeguard. Popular options include:

Certified Management Accountant (CMA) USA Financial Risk Manager (FRM) International Financial Reporting Standards (IFRS) Certification

These certifications can complement the CA qualifications and add significant value to your professional portfolio.

Double Qualifications for CA Aspirants

For those who are not inclined to continue with CA, it is essential to pursue additional credentials to ensure career flexibility and competitiveness in the global job market. Some combination options include:

CMA USA CPA (UgPG) CMA USA FRM CFA CMA USA ACCA

Selecting a combination of short-term and long-term programs is a strategic approach. Mixing these certifications can provide a well-rounded skill set, enhancing your employability and adaptability in different job markets.

Selecting the Right Program

Avoid combining two long-term programs. Instead, consider a mix of short-term and long-term programs to achieve a balanced skill set. For instance, taking CMA USA alongside the CA Intermediate exam can be a practical and viable option. This approach allows you to diversify your skill set without overloading your already rigorous CA Intermediate studies.

Concluding Thoughts

In conclusion, if you are a student considering the CA Intermediate and the US CMA exam in January/February 2022, it is worth exploring the potential benefits of combining these qualifications. Having a diverse skill set and multiple certifications can provide a stronger foundation for your professional journey, whether you decide to continue in CA or pursue other career paths.

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