CMA or EA?

  • Creator
    Topic
  • #185039
    gg2929
    Member

    Hello,

     

    I am a college student preparing for the job search. My GPA is my weak point as I work quite a lot during the school year and was a late switch to accounting and have been taking 3 or 4 accounting courses per semester which has been an immense workload, so realistically I will need to do something out of the ordinary to land a position that gets my career started in the right direction. I have a great understanding of the basics and the normal balances, ect, but have difficulty finding enough time to study all the parts of the pension worksheet, ect in a more advanced course. I have been considering studying for an exam this summer to have something extra to put on my resume. I have decent experience as a finance assistant and a bookkeeper but would like a little more. One option I have been considering is studying and sitting for the CMA exam this summer to have passing both parts on my resume. Another option I have been considering is sitting for the Special Enrollment Examination to earn my EA. Starting off in public accounting seems like a long shot, so I was more so thinking of starting my career in private doing some kind of job below a staff accountant position that could later lead to being a staff accountant such as some kind of cash reconciliation job or something with accounts payable or receivable, ect. The area of the country I am in does have some manufacturing companies such as Caterpillar and Bobcat so that is where passing the CMA would come in handy. I am definitely interested in doing seasonal tax at H & R block my last year of college and then trying to get a job doing seasonal tax in public at some point in the future after that, so that is where the EA would come in handy. In the long run, spending money on CMA materials could be considered the better investment because once you get your CPA you could say there is no point to an EA, however you have to keep in mind the purpose of what I am doing and that is to add something to my resume to make up for what I expect to be a 2.7 overall and 2.9/3.0 accounting GPA by the time of spring recruiting next year. If realistically I will be a better fit for a cash reconciliation and/or payables and receivables job with my experience (petty cash accounts, bank recs, payables and receivables, recording payments, advanced excel with pivot tables and data validation, month end close recs) than maybe the EA would serve its purpose and not be a bad investment. I’d be able to put an actual certification on my resume instead of just passing a test and while I could be wrong, the types of jobs I would be looking for would not be as GPA dependent as some of the other jobs out there. Some feedback on that would be appreciated. The reason I am interested in seasonal tax is because I am interested in financial planning and no business decision is made without tax considerations. It could be useful down the line. And I am interested in the CMA because some of the knowledge could be useful for financial planning as well. Any thoughts? I do not want to try to cram studying for both in this summer and then not pass anything. I would rather go for just the EA or just the CMA and pass. An entire summer’s worth of studying will probably be sufficient. Any suggestions? Which one should I go for?

     

Viewing 12 replies - 1 through 12 (of 12 total)
  • Author
    Replies
  • #545644
    mla1169
    Participant

    It doesn't sound like you have the experience to qualify for the CMA exam, not sure what exactly your finance experience is but bookkeeping likely wouldn't count toward it.

    CMA Requirements: How to Meet the CMA Exam Requirements

    EA would not really benefit you unless you were looking to go into tax preparation-for the types of positions you've listed (reconciliations, cash, etc) it wouldn't be considered beneficial.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #545652
    mla1169
    Participant

    It doesn't sound like you have the experience to qualify for the CMA exam, not sure what exactly your finance experience is but bookkeeping likely wouldn't count toward it.

    CMA Requirements: How to Meet the CMA Exam Requirements

    EA would not really benefit you unless you were looking to go into tax preparation-for the types of positions you've listed (reconciliations, cash, etc) it wouldn't be considered beneficial.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #545646
    gg2929
    Member

    I actually made a phone call to the IMA and you can sit for the exam without the requirements, you just need the requirements to get the certification.

    #545654
    gg2929
    Member

    I actually made a phone call to the IMA and you can sit for the exam without the requirements, you just need the requirements to get the certification.

    #545648
    gg2929
    Member

    While it wouldn't be beneficial for the types of positions I listed, there are seasonal tax employees hired all the time. I am interested in seasonal tax.

    #545655
    gg2929
    Member

    While it wouldn't be beneficial for the types of positions I listed, there are seasonal tax employees hired all the time. I am interested in seasonal tax.

    #545650
    mla1169
    Participant

    If I were you I would focus more on getting experience than passing exams. Having passed the CMA exam without the relevant experience isn't going to get you an entry level job, IMHO. You're not going to learn skills in either of those two options that are going to make you stronger in reconciliations, cash applications, payables or receivables.

    You're all over the place but if you're talking entry level staff accounting positions I don't think either of these is a path to benefit your job search.

    And seasonal tax is over for the year. That's primarily Feb-April.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #545657
    mla1169
    Participant

    If I were you I would focus more on getting experience than passing exams. Having passed the CMA exam without the relevant experience isn't going to get you an entry level job, IMHO. You're not going to learn skills in either of those two options that are going to make you stronger in reconciliations, cash applications, payables or receivables.

    You're all over the place but if you're talking entry level staff accounting positions I don't think either of these is a path to benefit your job search.

    And seasonal tax is over for the year. That's primarily Feb-April.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #545651
    gg2929
    Member

    Well yes it is over for the year however I was referring to the future. Thank you for the honest responses. You have answered my question as to the CMA exam, I have no intention of sitting for it anytime soon. However what if I am interested in doing the entry staff accountant type job and then working tax at night after during the busy season? At H & R block and then possibly public in the future. What are your thoughts in that situation?

    #545659
    gg2929
    Member

    Well yes it is over for the year however I was referring to the future. Thank you for the honest responses. You have answered my question as to the CMA exam, I have no intention of sitting for it anytime soon. However what if I am interested in doing the entry staff accountant type job and then working tax at night after during the busy season? At H & R block and then possibly public in the future. What are your thoughts in that situation?

    #545653
    Miserylovescompany
    Participant

    Go ahead and take the SEE. It will not hurt you. You can use the EA license to represent the clients before the IRS in all 50 states. CMA is not a license.

    AUD: Passed
    REG: Passed
    BEC: Passed
    FAR: Passed

    #545661
    Miserylovescompany
    Participant

    Go ahead and take the SEE. It will not hurt you. You can use the EA license to represent the clients before the IRS in all 50 states. CMA is not a license.

    AUD: Passed
    REG: Passed
    BEC: Passed
    FAR: Passed

Viewing 12 replies - 1 through 12 (of 12 total)
  • You must be logged in to reply to this topic.