What are the most important differences between professional degrees (CFA , CMA , CPA ...etc)?
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These are professional designations for different professions. These are not substitutes of each other.
CFA: Mainly for professionals looking to make a career in financial services industry ie Investment banking, Investment management, portfolio management, Asset management including pension funds, mutual funds, Private Equity etc. The entire curriculum is heavily finance related with only 20% focus on Accounting
CMA: Management accounting focus with some level of controlling, budgeting, forecasting, cost accounting, management accounting and information gathering geared towards decision making within the firm.
CPA: Financial Accounting, Auditing and Tax Focused. Exams are focused mainly on financial accounting, auditing, forinsic accounting, IT audit, tax planning, etc.
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