Company Secretary Course vs Cost and Management Accounting Course / CMA vs CS
Are you at that stage in life where you are unable to figure out which way to go? What is your calling? What is the profession you will be best at?
Recall that time from 10th grade when selecting from science, commerce or humanities seemed like the end of the world. Feels like peanuts back then, doesn’t it?
We feel you!
Choosing a career path is even more daunting knowing that what we choose, will stick with us, at least for a few years. Therefore, we are here to help you make your selection out of 2 flourishing courses in the professional market – Company Secretary (CS) and Cost & Management Accountancy (CMA)
Company Secretary (CS)
The Company Secretary (CS) program teaches students how to handle the regulatory and legal enforcement of a company. Business secretaries function as a link or medium of contact between corporate and government agencies.
The CS makes sure that each one of the workers of a corporation works within the bounds of legal and statutory requirements. Maintaining company records and continuing interactions with the upper management of the corporate are also areas handled by a CS.
Because of the implementation of listing agreements and regulations of the Securities and Exchange Board of India (SEBI) that companies must follow, the demand for CS has been rapidly growing in the corporate world.
Cost and Management Accountant (CMA)
Cost and Management Accountant (CMA) is a knowledgeable certification credential within management accounting and financial management. The certification indicates that the person possesses knowledge and information about monetary planning, analysis, control, decision support, and professional ethics.
A CMA deals more with the responsibility of the interior goings-on of a corporation and what steps to require within the organization.
Nearly every industry needs a CMA. Cost Accountants are always in high demand within the Public and personal sectors, Banking and Finance, Developmental Agencies, Education and Research, you name it!
Now that we know the basics of both of these courses, let’s evaluate which course might be a better fit for you.
CS vs CMA / CS or CMA which is better
| CS | CMA | |
| Applicant Educational Background | Applicant can be both from either Science or Commerce. | |
| Exam Structure | CS requires passing three examinations as prescribed by the Institute of Company Secretaries of India (ICSI), namely CS Foundation, CS Intermediate/Executive, and CS Final. | CMA requires passing three examinations as prescribed by The Institute of Cost Accountants of India (ICMAI), namely CMA Foundation, CMA Intermediate, and CMA Final.
Thereafter, candidates are required to go through 6 months of practical training for the CMA Final examinations. |
| Job Opportunities | Legal advisor of a corporation, chief advisor of the corporate on matters of corporate governance, or finance and accounting manager. | Securities analyst, finance director, licensed management accountant |
| Salaries in India | The salary is sweet! | |
| Scope outside India | A CS with a job experience of about 3-4 years gives a variety of possibilities abroad. Although that is restrained to a few countries like UK, Malaysia, Singapore, Hong Kong, and a few others since it involves the application of Indian laws. | Since CMA India focuses on the Indian Accounting System, it has limitations. Someone with a CMA India can work only within the country and for companies of Indian origin. |
| Areas of Focus | Detailed study structure for Company Law and Company Secretaryship. | In-depth study of Cost and Management Accounting |
| Duration of Course | Most candidates complete it in 2-3 years | |
| Difficulty | Difficult | Moderately difficult |
| Fees Structure | Foundation – 4,500 INR Intermediate – 9,0000 INR Final – 12,000 INR |
Foundation – 4,000 INR Intermediate – 20,0000 INR Final – 17,000 INR |
In retrospect, you turned out just fine after making your decision in 10th grade. So have faith that you’ll make the right call at this juncture of your life too!
Besides, Takshila Learning will always be here to help you through it all. For whatever course you may decide to take, we’ll surely help you achieve your targets.
For more Detail about Company Secretary Course and Cost and Management Accounting Course check out online classes and video lecture
Company Secretary (CS) Course
Cost and Management Accounting (CMA)
All the best learners!
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