which professional degree costs more CMA or ACCA ?

There are many differences between CMA and ACCA. Let’s have a glance at all of them.

• Fees: If you want to get a global certification within a short budget, you should choose ACCA over CMA. Because the fees for CMA are much more than ACCA; the fees of CMA are almost three times of ACCA.
• Global presence: If you compare international recognition, ACCA is a more recognized course than CMA. Till now, ACCA has produced over 436,000 students over 180 countries. Whereas, CMA has produced only 40,000 members and has a global presence over 100 countries.
• Salary difference: There is a huge difference in salary if compare between ACCA and CMA. ACCA is much more globally recognized than CMA, in terms of salary CMA is much ahead of ACCA. If you complete your CMA, you would be able to get an average salary of almost US $70,000 per year if you have experienced between 1 to 5 years in the domain. Whereas, if you complete your ACCA, you would be able to earn on the average US $46,000 per year. If you do the math, you can see completing CMA is much more beneficial to you in terms of compensation.
• Pass percentages: If you look closely, you would see that CMA is much tougher than passing ACCA. How would you know? Look at the pass percentages. The pass percentages for CMA is near to 20% whereas, pass percentages for ACCA is on an average 40-50%. No wonder why CMAs get more salary than ACCA!
• Value addition: If you complete CMA, you would be treated as an expert in the field and many opportunities will open up for you. ACCA is good enough but much older in perspective. Thus, Fortune 500 companies look for CMAs more than ACCAs.