| Topic Name: |
Corporate Finance at Big 4 vs an Investment Bank? |
| Message Name: |
CMA |
| Date Posted: |
01/26/2003 |
| In Reply To: |
Yeah, you are right. The reason I choose CFA is I like finance. And I know going to finance field, say project manager, would be very challenging and the rewards are really attractive.
How US people think of CMA? seattle office, that guy asked me what is CMA? I am thinking if headhunters don't know CMA, how do I position myself in the market? Right now, I present me as financial accountant combined with managerial accounting expertise. I ask one CMA canada who told me that in USA, CMA is far above CPA. But seattle office staff doesn't know CMA. How do I explain this?
And IMA web site seems too unprofessional comparing to AICPA. Hmmm... Confused.
Thanks for your help. Where are you? I am in vancouver BC.
Davisyu |
| Message: |
Having passed CFA, you will have to earn qualifying experience first of all. Then (after getting your experience).... the most interesting part comes you become licensed.
And... of course, as all normal people you are eager to become PM to earn more BUT....:) you may not get this level without....MBA.
Seems stupid but that's the reality, at least that's the information I get from my friends in the securities/finance industry.
Now about CMA. CPA is much more prestigious and marketable than CMA, I don't know if this guy actually knew what he was talking about, frankly..........:) That's kind of a no-brainer. Even take a look at this, IMA accepts waivers and credits from CFA and CPA, but it's NOT the opposite. AICPA doesn't... give a ,excuse me, a damn about your CMA license to give you a waiver for the second part. Etc, etc.
However, CMA is pretty marketable, and manufacturing companies, including health care corporations request/require that kind of license on top of CPA. Main reason - concentration in cost accounting.
Some of the recruiters are pretty uneducated in this area, although they claim that they're professional recruiters in the area of accounting and finance. You have to explain this to them gently without ... making them mad.:)
What area of business - finance or accounting you would like to apply your skills to? I'm kind of puzzled. Looks like a "mix" to me so far.
:)
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