Episode 6 – CGMA vs CMA

Not too long ago a new designation was born — Chartered Global Management Accountant (CGMA). As you can imagine, this got the accounting world buzzing. Now, which one should accountants go for first? The CGMA vs CMA?

Was it going to be accepted by the community? Was it worth its salt? Or was it a flawed certification, though with good intentions, failed to meet the high standards we expect from certified accountants?

In this episode, you are going to hear a bit about the history of the CGMA vs CMA, how you can earn this designation and which one you should consider.

Probably one of the most controversial designations yet, you’re going to want to hear every word of this podcast. To dive right in, click the play button at the top of the page, download this in iTunes or listen on Stitcher.

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Here’s What You’ll Learn in this Week’s Episode of CGMA vs CMA:

• A juicy history of the CGMA vs CMA
• Are you eligible, or does that even matter?
• Show me that money — what’s your earning potential
• Which designation is more desirable to employers
• Decision time. Find out which one is best suited for you

Resources:

• CMACoach.com — The most comprehensive online resource for CMA candidates
• The Ultimate Guide to the CMA Exam — Listen in for your FREE download discount code
• CMAExamAcademy.com — The best online, Instructor-led CMA review course

Like what you heard? Be sure to share it with your friends, family or coworkers and join me for brand new episodes every week.

 

More By Nathan

• Episode 14 – CPA vs CMA – Which One First?
• Episode 12 – Why the CMA Accounting is a Must for Finance Professionals
• Episode 2 – What is the IMA CMA and Why It’ll Skyrocket Your Career and Income – An Interview with Jeff Thomson, CEO of the IMA

Frequented Asked Questions

What is the difference between the CGMA and the CMA?

The CGMA (Chartered Global Management Accountant) and the CMA (Certified Management Accountant) are both management accounting credentials, but they differ in their issuing bodies, history, and global positioning. The CMA is awarded by the Institute of Management Accountants (IMA) and is a long-established, globally respected certification focused on financial planning, analysis, control, decision support, and professional ethics—earned by passing a rigorous two-part exam.

Which designation — CGMA or CMA — is more recognized by employers?

Between the two, the CMA generally enjoys broader and more established recognition among employers worldwide, particularly in corporate finance and management accounting roles. The CMA, issued by the Institute of Management Accountants (IMA), has a long track record and is recognized in over 150 countries, making it a trusted signal of expertise in financial planning, analysis, and strategic decision-making.

How do you earn the CGMA designation?

You earn the CGMA (Chartered Global Management Accountant) designation through one of two main routes, both governed by the partnership between the AICPA and CIMA. CIMA members typically qualify by completing the CIMA professional qualification, which involves a series of exams across operational, management, and strategic levels, plus relevant practical experience.

Which pays more — a CGMA or a CMA?

Pay between a CGMA and a CMA is broadly comparable, since both credentials are tied to high-earning management accounting and finance leadership roles, but compensation depends far more on your role, experience, industry, and location than on the designation alone. Both certifications position you for senior positions such as controller, finance director, VP of finance, and CFO, where salaries are strong.

Can I hold both the CGMA and CMA designations?

Yes, you can hold both the CGMA and CMA designations, and some ambitious professionals do exactly that to broaden their credentials and signal deep management accounting expertise. There’s no rule preventing you from earning both, since they’re issued by different organizations—the CMA by the IMA, and the CGMA through the AICPA and CIMA partnership.

Hi, I’m Nathan Liao (aka the CMA Coach)! For the last 11 years, over 100,000 accounting and finance leaders came knocking at my door seeking guidance and help. If you’re also aiming to pass the CMA exam on your very first try—without wasting away time or money—you’ve found your ultimate guide. Dive in deeper to discover more about me and the dedicated team that powers CMA Exam Academy. Click here and let’s embark on this journey together!