ACCA vs CMA: Which Is Better? Salary & Difficulty
ACCA vs CMA: Which Is Better in 2026?
Choosing between ACCA and CMA depends on your career goals. ACCA (Association of Chartered Certified Accountants) focuses on public accounting, auditing, taxation, and financial reporting. CMA (Certified Management Accountant) emphasizes management accounting, corporate finance, and strategic decision-making.
Quick answer: CMA is faster to complete (1-2 years, 2 exams) compared to ACCA (3-4 years, 13 exams). ACCA offers broader global recognition across 180+ countries, while CMA is highly valued in corporate finance and North American markets.
ACCA vs CMA: Quick Comparison Table
| Factor | ACCA | CMA |
|
Focus
|
Public accounting, audit, compliance | Management accounting, corporate finance |
|
Total Exams
|
13 papers | 2 parts |
|
Completion Time
|
3-4 years | 1-2 years |
|
Pass Rate
|
30-50% | ~45% |
|
Entry-Level Salary (India)
|
₹4-8 lakhs | ₹8-12 lakhs |
|
Global Recognition
|
180+ countries | Strong in US, Middle East, India |
|
Best For
|
Big 4 firms, MNCs, audit roles | CFO, financial planning, corporate finance |
|
Ideal Personality
|
Detail-oriented, rule-based | Strategic, leadership-focused |
|
Course Duration Limit
|
7 years from enrollment | 3 years from enrollment |
What Is ACCA?
The ACCA certification is a globally recognized qualification covering accounting, audit, taxation, and financial reporting. In India, ACCA is highly valued by multinational companies, Big 4 accounting firms (Deloitte, PwC, EY, KPMG), and financial consultancies.
ACCA Key Features:
- 13 exams across 3 levels: Applied Knowledge, Applied Skills, Strategic Professional
- Focus on international accounting standards (IFRS), compliance, and financial reporting
- Global recognition in Europe, Asia, Middle East, and India
- Ideal for careers in external audit, tax consulting, financial analysis
- Learn more about ACCA course structure and subjects →
ACCA Career Paths:
- External Auditor
- Tax Consultant
- Financial Analyst
- Compliance Manager
- Financial Reporting Manager
Typical ACCA salary in India ranges from ₹4-8 lakhs for freshers to ₹25-50 lakhs for senior professionals like Finance Directors. View detailed ACCA salary breakdown →
What Is CMA?
The CMA certification is awarded by the Institute of Management Accountants (IMA), focusing on management accounting, financial planning, and strategic business decisions. CMA is highly regarded by corporate finance teams and companies seeking professionals for financial strategy and performance analysis.
CMA Key Features:
- 2-part exam: Part 1 (Financial Planning & Performance), Part 2 (Strategic Financial Management)
- Focus on cost accounting, budgeting, internal controls, and decision support
- Strong recognition in North America, Middle East, and India
- Ideal for corporate finance, CFO roles, management accounting
- Complete guide to CMA certification →
CMA Career Paths:
- Finance Manager
- CFO / Financial Controller
- Cost Accountant
- Financial Planning & Analysis (FP&A) Manager
- Management Accountant
CMA salary in India typically ranges from ₹8-15 lakhs for entry-level to ₹40-80 lakhs for CFO positions. See CMA USA salary data →
ACCA vs CMA: Detailed Comparison
1. Exam Structure & Difficulty
ACCA:
- 13 exams divided into 3 levels
- Paper-based and computer-based options
- Pass rates: 30-50% depending on paper
- Each paper tests specific technical knowledge
- View ACCA pass rates by paper →
CMA:
- 2-part exam (4 hours each)
- 100 multiple-choice questions + 2 essay scenarios per part
- Global pass rate: ~45%
- More application-focused, less theoretical
Which is harder? ACCA requires passing 13 separate exams, making it more time-intensive. CMA has only 2 parts but demands strong analytical and application skills. ACCA is broader; CMA is deeper in management accounting.
2. Time to Complete
| Certification | Typical Duration | Maximum Allowed | Factors Affecting Timeline |
|
ACCA
|
3-4 years | 7 years from enrollment | Exemptions can reduce to 2 years |
|
CMA
|
1-2 years | 3 years from enrollment | Working professionals often complete in 12-18 months |
ACCA exemptions: B.Com graduates can get up to 9 exemptions, significantly reducing completion time. Calculate your ACCA exemptions →
CMA fast-track: Many professionals complete CMA while working full-time. Learn how long it takes to complete CMA →
3. Career Opportunities
Choose ACCA if you want to work in:
- Big 4 accounting firms (Deloitte, EY, PwC, KPMG)
- External audit and assurance
- Tax consulting and advisory
- Financial reporting and compliance
- MNCs requiring international accounting knowledge
- Europe, UK, Middle East, Asia-Pacific markets
Choose CMA if you want to work in:
- Corporate finance departments
- CFO and financial leadership positions
- Financial planning & analysis (FP&A)
- Cost accounting and budgeting
- Management consulting firms
- US-based companies and GCCs (Global Capability Centers)
4. Salary Comparison: ACCA vs CMA
India Salary Comparison:
| Experience Level | ACCA Salary | CMA Salary |
|
Fresher (0-2 years)
|
₹4-8L | ₹8-12L |
|
Mid-Level (3-7 years)
|
₹8-18L | ₹12-25L |
|
Senior (8+ years)
|
₹20-50L | ₹25-60L |
|
Executive (CFO/Director)
|
₹40-80L+ | ₹50-1Cr+ |
Winner: CMA typically offers 20-30% higher starting salaries in India, especially in corporate roles. However, ACCA professionals in Big 4 or MNCs can command comparable packages with experience.
Global Salary Comparison:
| Country | ACCA Average Salary | CMA Average Salary |
|
USA
|
$55,000-$95,000 | $70,000-$120,000 |
|
UK
|
£35,000-£70,000 | £45,000-£80,000 |
|
UAE
|
AED 180,000-350,000 | AED 200,000-400,000 |
|
Singapore
|
SGD 60,000-110,000 | SGD 70,000-130,000 |
5. Global Recognition & Scope
ACCA Recognition:
- 180+ countries recognize ACCA
- Particularly strong in UK, Europe, Middle East, Hong Kong, Singapore, Australia
- Over 247,000 members worldwide
-
Exemptions available for CA, CPA, CMA holders
CMA Recognition:
- Globally recognized, with strong presence in US, Canada, Middle East, India, China
- Over 140,000 members worldwide
- Preferred in corporate finance and multinational corporations
- US CPA + CMA combination is highly valued
For international careers: ACCA offers wider geographic recognition. For corporate finance leadership in North America or US-based companies, CMA is often preferred.
6. Cost Comparison
ACCA Costs:
- Registration: £89
- Annual Subscription: £132 (after qualification)
- Exam Fees: ~£100-125 per paper
- Total Cost (without exemptions): ₹2.5-4 lakhs (including study materials, coaching)
- Explore ACCA BPP online coaching packages →
CMA Costs:
- Membership: $245/year (students), $350/year (professionals)
- Exam Fees: $415 per part ($830 total)
- Total Cost: ₹1.5-2.5 lakhs (including review courses)
- View CMA certification packages →
Winner: CMA is generally less expensive and faster to complete, offering better ROI for working professionals.
7. Which Personality Type Fits?
ACCA is ideal for:
- Detail-oriented individuals who enjoy structured, rules-based work
- Those interested in compliance, regulations, and standards
- People who prefer independent work in audit, tax, or reporting
- Professionals seeking global mobility across multiple countries
- Those comfortable with long-term study commitments (3-4 years)
CMA is ideal for:
- Strategic thinkers who enjoy big-picture financial planning
- Those interested in leadership and management roles
- People who thrive in collaborative team environments
- Professionals targeting CFO, controller, or FP&A positions
- Those who want faster qualification (1-2 years) while working
ACCA vs CMA in India: Which Should You Choose?
Choose ACCA if:
✅ You want to work in Big 4 firms or MNCs
✅ You’re targeting audit, tax, or financial reporting roles
✅ You want maximum global recognition (Europe, Asia, Middle East)
✅ You prefer paper-by-paper flexibility in exam attempts
✅ You’re willing to invest 3-4 years in qualification
✅ You’re targeting audit, tax, or financial reporting roles
✅ You want maximum global recognition (Europe, Asia, Middle East)
✅ You prefer paper-by-paper flexibility in exam attempts
✅ You’re willing to invest 3-4 years in qualification
Choose CMA if:
✅ You’re targeting corporate finance or CFO roles
✅ You want faster completion (1-2 years)
✅ You work in or want to join US-based companies or GCCs
✅ You prefer strategic, decision-making roles over compliance
✅ You want higher starting salaries in India (₹8-12L vs ₹4-8L)
✅ You want faster completion (1-2 years)
✅ You work in or want to join US-based companies or GCCs
✅ You prefer strategic, decision-making roles over compliance
✅ You want higher starting salaries in India (₹8-12L vs ₹4-8L)
Can You Do Both?
Yes! Many professionals pursue both certifications:
- ACCA + CMA combination is valuable for comprehensive finance knowledge
- CMA offers exemptions for ACCA Strategic Professional papers
- Combined credentials open doors to senior leadership roles
- Ideal for those targeting CFO positions in MNCs
Exam Format & Preparation
ACCA Exam Format:
- 13 papers across Applied Knowledge (3), Applied Skills (6), Strategic Professional (4)
-
Mix of objective test questions (OT), constructed response, and case studies
- Check ACCA 2027 syllabus changes →
- Best preparation: BPP ACCA online coaching →
CMA Exam Format:
- Part 1: Financial Planning, Performance & Analytics (4 hours)
- Part 2: Strategic Financial Management (4 hours)
- Each part: 100 MCQs + 2 essay scenarios
- Detailed CMA exam pattern →
- Preparation time: 3-6 months per part for working professionals
Registration & Next Steps
Ready to Start ACCA?
- Check your ACCA exemptions →
- Review ACCA exam dates→
- Register for ACCA with BPP coaching →
- Explore ACCA books and study materials →
Ready to Start CMA?
- Understand CMA eligibility requirements →
- Learn how to become a CMA →
- Register for CMA certification course →
- Check CMA exam pass rates →
Frequently Asked Questions (FAQs)
Which is harder, ACCA or CMA?
ACCA is more time-intensive with 13 exams versus CMA’s 2 parts. However, ACCA allows paper-by-paper attempts with 45-55% pass rates, while CMA requires passing comprehensive 4-hour exams. Overall, ACCA is harder due to volume; CMA is harder per exam due to depth.
Which pays more, ACCA or CMA in India?
CMA typically offers 20-30% higher starting salaries in India (₹8-12L vs ₹4-8L for ACCA). However, experienced ACCA professionals in Big 4 firms or MNCs can earn comparable or higher packages. At senior levels (15+ years), both can command ₹40-80 lakhs or more.
Is ACCA recognized in USA?
ACCA is recognized in the USA but is not as common as CPA or CMA. For US-based roles, CPA or CMA is preferred. However, ACCA holders can work in US MNCs with international operations. Compare CMA with CPA here →
Can I do ACCA and CMA together?
Yes! Many professionals pursue both certifications. CMA can be completed in 1-2 years while working, making it feasible to pursue alongside ACCA. The combined credential is highly valuable for CFO and senior finance roles in MNCs.
Which is better for Big 4 careers in India?
ACCA is better for Big 4 careers. Deloitte, PwC, EY, and KPMG actively recruit ACCA professionals for audit, assurance, and tax consulting roles. These firms recognize ACCA’s comprehensive coverage of auditing standards, financial reporting (IFRS), and taxation. CMA is more suited for corporate finance roles within client companies rather than Big 4 advisory services.
Is CMA USA recognized in India?
Yes, CMA USA is highly recognized in India, especially by multinational corporations, GCCs (Global Capability Centers), and large Indian companies. The CMA salary in India has grown significantly, with entry-level packages ranging from ₹8-15 lakhs. Indian professionals pursuing CMA often target roles in financial planning, management accounting, and corporate finance.
Can ACCA holders work in USA?
ACCA holders can work in the USA, particularly in MNCs with international operations or in advisory roles. However, for statutory roles like signing audits or tax returns in the US, you would need additional credentials like CPA. Many ACCA professionals pursue CPA certification to enhance their US market opportunities.
Which certification is better for CFO roles?
CMA is better suited for CFO roles. The CMA curriculum emphasizes strategic financial management, performance management, decision analysis, and corporate governance—all essential skills for CFOs. While ACCA professionals can certainly become CFOs, they typically need to acquire additional business management experience beyond the technical accounting focus.
Does ACCA give exemptions in CMA?
Yes, ACCA Strategic Professional level papers can provide some subject-matter overlap with CMA, though there are no formal exemptions. However, having ACCA makes CMA preparation easier as you’ll already be familiar with financial management concepts. Some professionals complete both in 4-5 years total.
Which has better job opportunities in Middle East?
Both ACCA and CMA have excellent opportunities in the Middle East. ACCA is particularly strong in UAE, Qatar, and Saudi Arabia for audit, tax, and financial reporting roles. CMA is highly valued in corporate finance roles within large conglomerates and oil & gas companies. For maximum opportunities, some professionals pursue both certifications.
Can I pursue ACCA or CMA while working full-time?
Yes, both can be pursued while working full-time:
- ACCA: Offers on-demand exam sessions, allowing you to study and appear for papers at your convenience. BPP online coaching provides flexible learning for working professionals.
- CMA: Designed with working professionals in mind. The 2-part structure allows focused preparation. Most candidates complete one part every 6-12 months while working.
What is the validity period for completing ACCA and CMA?
- ACCA: You must complete all exams within 7 years from initial registration. Papers passed after 7 years may need to be retaken.
- CMA: You must pass both parts within 3 years of enrolling in the CMA program. If you don’t pass within 3 years, you’ll need to re-register.
Which certification has better return on investment (ROI)?
CMA typically offers faster ROI:
- Lower total cost (₹1.5-2.5L vs ₹2.5-4L for ACCA)
- Faster completion (1-2 years vs 3-4 years)
- Higher starting salaries in India (₹8-12L vs ₹4-8L)
- Payback period: 3-6 months of employment
ACCA offers long-term ROI:
- Broader global opportunities (180+ countries)
- Strong brand recognition in Big 4
- Higher ceiling for senior roles in audit/consulting
- Multiple career paths across industries
ACCA vs CMA: Industry-Wise Preference
Big 4 Accounting Firms (Deloitte, EY, PwC, KPMG)
Winner: ACCA - Big 4 firms prefer ACCA for audit, assurance, and advisory services due to comprehensive coverage of auditing standards and IFRS.
Banking & Financial Services
Winner: Both - ACCA for financial reporting and compliance roles; CMA for risk management and financial planning roles.
Manufacturing & Production
Winner: CMA - CMA’s focus on cost accounting, budgeting, and operational efficiency is ideal for manufacturing sectors.
IT & Technology Companies
Winner: CMA - Tech companies value CMA’s strategic financial management skills for FP&A and business partnering roles.
Oil & Gas / Energy Sector
Winner: CMA - Strong demand for CMAs in financial planning, project accounting, and management accounting roles.
Consulting Firms
Winner: ACCA - Management consulting firms prefer ACCA for financial advisory, transaction advisory, and due diligence roles.
Startups & E-commerce
Winner: CMA - Startups need strategic financial planning and cost optimization skills that CMAs excel in.
Real-World Career Progression Examples
ACCA Career Path Example:
Year 0-2: Audit Associate at Big 4 → ₹5-7L
Year 3-5: Senior Auditor → ₹10-15L
Year 6-10: Audit Manager → ₹18-28L
Year 10-15: Senior Manager / Director → ₹30-50L
Year 15+: Partner / CFO → ₹60L-1Cr+
CMA Career Path Example:
Year 0-2: Financial Analyst at MNC → ₹8-12L
Year 3-5: Finance Manager → ₹15-22L
Year 6-10: Finance Controller → ₹22-35L
Year 10-15: VP Finance / CFO → ₹40-70L
Year 15+: CFO Large Corp → ₹80L-2Cr+
Study Resources & Coaching
For ACCA:
- Official Resources: ACCA Global website, technical articles, practice exams
- Coaching Partners: BPP Enhanced Classroom - Eduyush is an ACCA Registered Learning Partner
- Study Materials: ACCA books from Kaplan, BPP
- Online Communities: ACCA student forums, LinkedIn groups
- Exam Support: ACCA exam dates and deadlines
For CMA:
- Official Resources: IMA website, CMA Learning System
- Coaching Partners: Surgent CMA review courses
- Study Materials: Wiley CMA, Gleim CMA prep
- Online Communities: CMA candidate forums, IMA chapters
- Exam Windows: CMA exams are available year-round at Prometric centers
Geographic Considerations
Best Markets for ACCA:
- United Kingdom - Home market, over 400,000 members
- UAE - Strong demand in Dubai, Abu Dhabi for MNC roles
- Singapore - Financial hub with high ACCA recognition
- Hong Kong - Major financial center preferring ACCA
- Australia - Recognized with some local requirements
- India - Growing demand in MNCs and Big 4
Best Markets for CMA:
- United States - Home market, highest salaries
- Middle East - UAE, Saudi Arabia, Qatar for corporate roles
- India - Rapidly growing recognition in GCCs and MNCs
- China - Expanding demand for management accountants
- Canada - Good opportunities in corporate finance
- Singapore - Strong presence in regional headquarters
Conclusion: Making Your Decision
Choose ACCA if:
- ✅ You want the most globally recognized accounting credential
- ✅ You’re targeting Big 4 or audit/tax careers
- ✅ You have 3-4 years to dedicate to studies
- ✅ You want flexibility in choosing your career path later
- ✅ You’re willing to master 13 comprehensive papers
- ✅ You value broad accounting knowledge over specialization
Choose CMA if:
- ✅ You want faster qualification (1-2 years)
- ✅ You’re targeting CFO or senior finance leadership roles
- ✅ You prefer corporate finance over public accounting
- ✅ You want higher starting salaries immediately
- ✅ You’re focused on US or Middle East markets
- ✅ You prefer strategic decision-making over compliance work
Consider both if:
- ✅ You want maximum career flexibility globally
- ✅ You’re targeting CFO roles in large MNCs
- ✅ You have 5-6 years for comprehensive qualification
- ✅ You want to combine technical depth + strategic breadth
Both ACCA and CMA are excellent certifications that can transform your finance career. The “better” choice depends entirely on your career goals, preferred work environment, and geographic aspirations. Whichever path you choose, Eduyush offers comprehensive training and support to help you succeed.
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Questions? Answers.
How many attempts do I have to pass the ACCA exam?
You have an unlimited number of attempts to pass the ACCA (Association of Chartered Certified Accountants) exams.
ACCA does not impose a limit on the number of times you can retake an exam.
You can keep attempting until you successfully pass each exam, which provides flexibility for candidates to learn and improve their performance over time.
Are there any exemptions available for ACCA exam?
Yes, ACCA offers exemptions for certain exams for candidates who have completed certain academic programs or have relevant professional qualifications.
To request exemptions, you will need to provide documentation and submit an exemption application to the ACCA. Review our comprehensive ACCA exemptions calculator to know more.
What is the passing rate for the ACCA exam?
The pass rate for the ACCA exams varies from exam to exam and from year to year. In general, the pass rate for the ACCA exams is between 35% to 50%. Read our blog on subject wise ACCA pass rates to know more.
Is ACCA after CA worth it?
The answer to this lies on your context and individual career objectives.
What are the benefits of being an ACCA member?
The ACCA (Association of Chartered Certified Accountants) membership provides numerous benefits, including:
- Professional development opportunities, such as access to the latest technical resources, CPD modules and e-learning tools
- A global community of like-minded professionals to collaborate and share knowledge with
- The ability to connect with employers through the ACCA Jobs service
- Eligibility for reduced rates on a range of products and services, such as insurance, stationery and more
What happens if you don't pay your annual subscription?
The consequences of non-payment of the annual subscription fees are
As a member:
1) you can't call yourself an ACCA member, and you won't be able to use the ACCA name or logo.
2) You also won't be able to use any resources, including the online resources.
3) if you're working as an accountant, you may be unable to use the term "ACCA-qualified" or "ACCA-registered".
4) If your membership expires and isn't renewed within three years. In that case, your name will be removed from the Register of Members.
5) If you need to apply for CPA accreditation with another accounting body like CPA Australia or Canada, you will be required to furnish a good standing certificate from ACCA for five years. If you haven't paid your membership fees, you won't be able to get your good standing letter
As a student
1) You will not be able to use the members' website or log into MyACCA. You will lose access to many resources, including past exam papers and helpful articles.
2) You will no longer be eligible to sit the examinations or progress through the qualification.
3) You won't be able to pursue any other qualifications like the DIPIFR
If this is something that happens accidentally, then it is usually quickly resolved by simply paying the outstanding amount of 89 GBP.
Is Eduyush.com an ACCA RLP?
Yes. Eduyush (Yush Consultants) is anACCA Registered Learning Partnerfor DipIFR online classes. Verify our RLP status on ACCA's official directory →
What is the better certification between CA, CFA & ACCA?
It is a difficult question because it depends on your specific situation and goals.
However, in general, we would say that the CA (Chartered Accountant) certification is better for those interested in pursuing a career in accounting and finance.
In comparison, the CFA (Certified Financial Analyst) certification is better for those interested in investment banking or portfolio management.
The ACCA (Association of Chartered Certified Accountants) certification is more internationally recognized than the CA or CFA, so it may be worth considering if you're interested in working abroad.
Ultimately, though, the best way to decide which certification is proper for you is to speak with experts in each field and get their advice.
Is ACCA better than a degree?
The decision of whether ACCA or a degree is better for you depends on your individual goals and circumstances.
ACCA is a professional accounting qualification that is recognized and respected globally and it is focused on accounting and finance. It is a good option for those who want to pursue a career in accounting or finance and do not want to spend the time and money required to earn a degree.
On the other hand, a degree program offers a more well-rounded education and provides a broader range of career options. It also provides more in-depth knowledge in specific field of study and it is good for those who want to pursue a career in a field outside of accounting and finance.
Both ACCA and a degree can be valuable qualifications, it depends on the person's career goals and what they want to achieve in the long term. It's also worth noting that in some countries, it is mandatory to have a degree in order to practice as an accountant.
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