Thinking about CMA

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  • #1551541 Reply
    Vanessachy
    Participant

    I got my lincese last year and switched to a mid-size regional accounting firm. Now I am already used to the work, I am thinking about taking the CMA exam.
    Any suggestions? Anyone who is taking it?

    Far, 64 82
    Reg, 60 86
    Aud, 74 82
    Bec, 70 81
    Done done done! I did it!!!
    Licensed CPA in MA, issued October 2016
    #1551556 Reply
    Anonymous
    Inactive

    Don't think. Just do. You must be one with the force, Vanessa-san.

    #1552689 Reply
    Chris
    Participant

    @Vannessachy

    Is it going to benefit you in the long run? Do you plan on sticking with public? I would look at any designations that will further your career or potential careers. I moved from public to private this passed January. The CMA is on my radar now, but I didn't think it would suite me prior to my switch in work. I was looking more at personal finance or valuation certs that would aid clients. It is personal preference, but I wouldn't invest time in anything unless you know it'll get you paid in the long-run.

    Do any of your of the managers or partners in your past firms have it?

    AUD - 86
    BEC - 77
    FAR - 77
    REG - 88
    Now I could let these dream killers kill my self-esteem or use my arrogance as the steam to power my dreams.

    Licensed in NH. Working in MA.

     

    #1552698 Reply
    mtaylo24
    Participant

    @Vanessachy, I've toyed with the idea, but I might just go to grad school after I pass FAR, IDK… I do have a hock book from a few years ago. You are basically re-taking FAR and BEC minus the sims and with essays. The grading also might be more lenient, but the test is more expensive. Definitely try to get your employer to pay for it. I might have dropped the costs in the official CMA thread a while back.

    Edit: Found the post I was referring to

    Official CMA Thread

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    #1552699 Reply
    Anonymous
    Inactive

    Yeah the CMA isn't cheap. But then again neither is the CPA. If you like managerial/cost accounting, strategy, and financial analysis, studying for the CMA might actually be fun for you as it was for me.

    It's particularly valuable and recognized in the manufacturing world. It's also valuable across all industries when you get higher up the chain and start providing profit analysis, plans, and forecasts to departments, the CFO, VP's, or other top folks.

    They'll soon rely on your analysis to make very important decisions.

    #1552743 Reply
    KGC111210
    Participant

    Thanks for the post mtaylo24, definitely going to try and get my employer to pay for it!

    #1553214 Reply
    Vanessachy
    Participant

    @FAtoCPA, honestly, most of the partners and managers have CFE, but I am not interested. I am planning on move to the private after some experience.@

    Far, 64 82
    Reg, 60 86
    Aud, 74 82
    Bec, 70 81
    Done done done! I did it!!!
    Licensed CPA in MA, issued October 2016
    #1553424 Reply
    Vanessachy
    Participant

    @almond, it is really expensive and I don't think the firm will pay for it since it wouldn't help public accounting.


    @mtaylo24
    , I have a msa and I thought about getting a MBA but I don't feel it would help me that much. CMA just seems the right one to get for now. Only two parts and won't take too much of my time.

    Far, 64 82
    Reg, 60 86
    Aud, 74 82
    Bec, 70 81
    Done done done! I did it!!!
    Licensed CPA in MA, issued October 2016
    #1553430 Reply
    waffle_house
    Participant

    So weird I haven't posted in a while then I see this thread.

    I work in manufacturing and just got my CPA (no one really cares lol).

    Thinking about getting my CMA which is more directed towards my career (industry). Hopefully there are more like me out there 🙂

    AUD - 80
    BEC - 75
    FAR - 84
    REG - 76
    Exams started Sep 2014 -Exams done Mar 2017

    Texas CPA

    I put in work, it was evident

    #1553457 Reply
    Skynet
    Participant

    The “Country Music Awards”?!

    You better have a lot of #1 hits just to compete against artists like Miranda Lambert and Jason Aldean and others : p

    AUD - 90
    BEC - 78
    FAR - 84
    REG - 87
    World Domination Plan

    Phase I : Pass CPA Exams - Complete
    Phase II : Megan Fox - In Progress
    Phase III : Megan Fox & Scarlett Johansson Lingerie Pillow Fight
    Phase IV : Form the new Charlie's Angels with Megan Fox, Scarlett Johansson, & Gal Gadot
    Phase V : TBD

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