18 October

EA vs CMA: Which Certification is Right for You?

Are you thinking about whether to go for an EA or CMA certification? This is the career advancement for which you might become a Certified Management Accountant (CMA) or an enrolled agent.

Still, it does not mean the accounting field is too narrow to be included in any career goal or performing type. Before you get too far into your accounting journey, know many accounting certifications’ differing roles and needs.

In this blog, we will discuss the CMA and EA course online and much more!

CMA vs. EA: Roles and Responsibilities

The roles of a CMA and an EA are pretty different.

Role of a CMA

A Certified Management Accountant (CMA) shows you have advanced accounting and financial management skills. It’s ideal if you want to work in a business or international company.

Role of an EA

On the other hand, an Enrolled Agent (EA) is a tax expert specialising in U.S. tax laws. This certification is best for tax preparers looking to advance their careers.

CMA vs. EA: Exam Requirements and Format

The CMA and EA exams differ in qualifications, format, and content. Here’s a breakdown:

Qualifying for the CMA vs. EA Exams

CMA Exam

  • Active IMA membership is required.
  • Pay entrance fees.
  • Complete a 2-part exam within 3 years.
  • Education and work experience are required within 7 years of passing.

EA Exam

  • No education or experience is required.
  • Apply for a PTIN and register for the 3-part SEE exam through the IRS.
  • Complete all parts within 2 years.

Exam Formats

CMA

  • Two 4-hour sections: Financial Planning, Performance, and Analytics & Strategic Financial Management.
  • Each part includes 100 multiple-choice questions and 2 essay questions.

EA

  • Three 3.5-hour sections: Individuals, Businesses, Representation, Practices, and Procedures.
  • Each section includes 100 multiple-choice questions.

Passing Rates

  • CMA: 45-50% globally.
  • EA: 61-88%, depending on the year.

Post-Exam Requirements

  • CMA: 30 CPE hours annually, a bachelor’s degree or approved certification, and relevant work experience.
  • EA: 72 hours of continuing education over 3 years, including 16 hours annually.

Salaries and Opportunities

  • CMA: Earn around 58% more than non-CMAs, holding roles like CEO, CFO, financial analyst, and more.
  • EA: Earn about 10% more per tax return, working in settings such as accounting firms, law firms, and corporate departments.

CMA vs. EA: Making Your Choice

The CMA and EA credentials cater to different career goals. The CMA is ideal for those interested in management, analytics, and financial planning, offering global recognition and flexibility to work in various locations. In contrast, the EA is focused on U.S. taxation and is best for those specialising in tax-related roles within the United States.

Choose the path that aligns with your career interests and goals.

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