ACCA vs CPA vs US CMA: Which is Best for Getting into Big Four Accounting Firms?

lEY, Deloitte, KPMG and PwC. The Big 4 are to the accounting world what the Ivy League is to higher education. Working for these finance giants is the ultimate goal for most finance and accounting professionals. Employees gain access to top-tier clients, complex projects and global working environments. They receive in-house training, network opportunities and a permanent place on their resume saying they worked with one of the illustrious Big Four accounting firms. You get a bigger bargaining chip at your next job, as the ‘Big 4’ stamp on your resume will inform future employers that you are a high-value professional.

So, how can one overcome the competition and land a well-paying job at one of these top-tier companies? How will you make a lasting impact on the recruiters at the Big 4 firms? Will the ACCA make you a stand-out candidate? Or the US CPA? Will US CMA push you up the shortlist and guarantee you a hire? All three credentials are powerhouse courses that transform ordinary students into world-class accounting specialists. So, are you ready to make the right choice? Let’s break down each course to find the one that best aligns with your career goals.

Why should you take the ACCA course?

If you want a globally recognised accounting qualification that opens multiple doors in the accounting industry, the ACCA is your golden ticket. The course is a UK-based professional accounting body, recognised in over 180 countries. It equips students with practical knowledge in taxation, consulting and financial reporting. The ACCA qualification is closely aligned with the complex work environment of Big Four accounting firms, training professionals with the skills and expertise needed to work in multiple job profiles.

Also Watch: Get the complete details on the ACCA course here

Syllabus

• The course has three levels
  • Applied Knowledge
  • Applied Skills
  • Strategic Professional
• There are 13 exams, but commerce graduates and professional certification holders can receive exemptions.

 

Also Watch: Take a closer look at the ACCA syllabus here 

Duration

• Depending on your learning pace and the number of exemptions, you can complete the course in two to three years.

Focus areas relevant to the Big 4

• Global Accounting Standards (IFRS)
• Auditing and Taxation (UK and International)
• Financial management and strategic business leadership
• Professional ethics

Eligibility

• Students must complete 10+2 with a minimum of 65 per cent in English and Math/Accounts and 50 per cent in the remaining subjects.
• Commerce graduates and CA Inter students can get up to nine exemptions in the ACCA exams.

Job profiles in the Big Four accounting firms

ACCA members are in high demand in job positions such as:

• Internal Auditor
• Management Accountant
• Tax Consultant
• Risk & Compliance Analyst
• Business Analyst
• Accounting Advisory Consultant

Annual salary structures for ACCA holders in Big 4 firms

The four big finance firms are known to pay good salaries, which include performance bonuses, allowances and learning support as part of the overall package.

• Entry level: Rs 7 lakhs to Rs 10 lakhs
• Mid-level: Rs 10 to 16 lakhs
• Senior level: Rs 16 lakhs to Rs 30+ lakhs

 

Also Read: ACCA Free Courses

Why do the Big Four accounting firms hire ACCA professionals?

1. Global Reputation

The ACCA certification is globally renowned for its comprehensive curriculum. Certified candidates possess a strong global perspective and the professional discipline to work in the challenging environment of a Big 4 company.

2. Relevant expertise

The ACCA course is tailored to relevant services provided by the Big Four, such as taxation and consulting. Students have the technical skills and industry-centric prowess to tackle complex financial situations.

3. Comprehensive skills in accounting

Certified professionals receive intensive training in IFRS, global accounting practices, ethical standards and analytical training. ACCA holders have the credibility and capability to work in the top four finance companies.

Why should you take the US CPA course?

The US CPA is a badge of excellence in finance and the perfect choice for professionals working in the Big Four accounting firms. As a US-based certification, it is often the preferred choice for many MNCs, financial institutions and banks based in North America but have offices worldwide.

Syllabus

The recently updated CPA curriculum is as follows:

• Mandatory core subjects
  • Auditing & Attestation (AUD)
  • Financial Accounting & Reporting (FAR)
  • Taxation & Regulation (REG)

• Discipline Subjects (Choose 1 out of 3)
  • Business Analysis & Reporting (BAR)

• Information Systems & Controls (ISC)
• Tax Compliance & Planning (TCP)

• You take a total of 4 exams (3 core +1 discipline)

Also watch: Want to learn more about the syllabus? 

Duration

• The course can be completed in 18 to 24 months, depending on your pace of learning.
• After clearing the first one, you have 18 months to pass the remaining three exams.

Focus areas relevant to the Big 4

• US GAAP
• Auditing Standards (AICPA)
• Tax Advisory
• Regulatory Compliance
• Business Law & Ethics

Eligibility

• Students require 150 semester hours to receive the certification, but some states will allow you to take the exams with 120 hours. The 150 hours must include:
  • 24 to 30 credit hours in accounting, including subjects like financial accounting, taxation and auditing.
  • 24 credit hours in business-related topics like business law, finance and economics.

Job profiles in Big 4 accounting firms

US CPA professionals can work the following roles:

• Internal auditor
• Tax Manager
• Finance Manager
• Risk and compliance consultant
• Advisory Lead
• Financial controller
• VP/Director

Annual salary structures for CPA holders in Big 4 firms

Professionals earn higher income in the Big Four accounting firms and MNCs than in smaller companies. They also earn additional bonuses, international mobility benefits and CPA license incentives.

• Entry level: Rs 7 lakhs to Rs 10 lakhs
• Mid-level: Rs 10 to 16 lakhs
• Senior level: Rs 16 lakhs to Rs 30+ lakhs

Also Read: What Is the Total Cost of CPA in India?

Why do the Big Four accounting firms hire CPA professionals?

1. Perfect fit for US-based roles

The CPA program is designed to suit the demands and requirements of US-based MNCs and global consulting firms. Professionals are trained in US GAAP, federal taxation, and auditing standards, making them ideal candidates for Big 4 firms.

2. Strong expertise in auditing and taxation

The CPA curriculum is focused on core areas like auditing, taxation and compliance, which are also key services offered by the Big Four.

3. Skilled at managing global clients

CPAs are trained to work with multinational clients and understand complex corporate structures. Their knowledge of international financial reporting, global tax laws, and compliance requirements enables them to work seamlessly with cross-border clients.

4. Comfortable with Complex Regulations

With proficiency in legal, regulatory, and ethical standards, CPA holders can easily navigate complex financial environments, making them a valuable asset in the Big 4.

Why should you take the US CMA course?

In less than a year, your resume could be on the shortlist for an exciting job profile with any of the big four accounting firms. The US CMA is a quick, practical and highly relevant management accounting course that prepares candidates for real-world finance challenges. The syllabus ensures students are proficient in important accounting areas such as FP&A, budgeting, finance strategy and internal consulting.

Also Watch: Can the US CMA course change your life? 

Syllabus

• There are two parts to the US CMA course
  • Part 1: Financial Planning, Performance, and Analytics
  • Part 2: Strategic Financial Management

Also watch: Confused about the US CMA syllabus? Get some clarity here

Duration

• Full-time students: 6 to 9 months
• Working professionals: 9 to 12 months

Focus areas relevant to the Big 4

• Financial Planning, Performance, and Analytics
• Cost Management and Strategic Financial Management
• Risk Management and Internal Controls
• Decision support

Eligibility

For the exam: undergrad students who have cleared their 12th year can take the US CMA exams.

Certification eligibility: submit proof of your bachelor’s degree from an accredited university to receive your credentials.

Also Read: Management Accounting Limitations

Job profiles in Big 4 accounting firms

• Finance Analyst
• Cost Analyst
• Internal Auditor
• Management Consultant
• Finance Manager
• FP&A Manager
• Senior Advisory Consultant
• Strategic Finance Manager
• Transformation Consultant

Annual salary structures for US CMA holders in Big 4 firms

CMA professionals earn lucrative salaries, along with great perks such as certification-based bonuses, medical insurance and retirement benefits.

• Entry level: Rs 6 lakhs to Rs 10 lakhs
• Mid-level: Rs 12 to 20 lakhs
• Senior level: Rs 20 lakhs to Rs 30+ lakhs

Why do the Big Four accounting firms hire US CMA professionals?

1. Specialised knowledge in financial management and decision making

US CMA professionals can handle complex financial scenarios. They have intensive training in financial planning, cost optimisation and performance analysis. Their expertise helps the Big Four firms make better decisions and apply data-driven solutions.

2. Global recognition

The US CMA is recognised in over 150 countries. It serves as an international benchmark of excellence in management accounting, financial planning and strategic decision-making. Certified professionals are a perfect fit for the Big Four firms that offer cross-border advisory services to multinational clients.

3. Strategic and analytical skills

CMA professionals are trained to act as business advisors. They analyse financial data and create strategic insights that bring real value to the Big Four’s consulting services.

4. Focus on business strategy

CMA holders help the Big 4 align their finance operations with long-term business goals. Qualified professionals play a crucial role in shaping growth strategies, guiding investment decisions, and managing risk effectively.

ACCA vs CPA vs US CMA

COURSES	FOCUS AREAS	ELIGIBILITY	EXAMS	JOB PROFILES IN BIG 4 FIRMS
ACCA	Audit & Assurance Taxation Financial Management Business Law IFRS	10+2 with 65% in English and Math/Accounts Ideally commerce background.	13 papers across 3 levels. Exemptions are given to graduates and certification holders.	Internal Auditor Tax Analyst Risk Consultant Financial Analyst Accounting Advisory Consultant
US CPA	US GAAP Auditing Taxation Financial Reporting Business Law	120 to 150 credits of higher education (bachelor’s degree + additional courses)	4 exam sections (3 core, 1 discipline)	Audit Executive Tax Consultant Advisory Analyst Compliance Officer
US CMA	Financial Planning Cost Management Performance Analytics Strategic Decision Making	Bachelor’s degree (in any stream) for certification Undergraduates can take the exams.	2 parts Part 1: FP&A Part 2: Strategic Finance	FP&A Analyst Cost Analyst Finance Manager Internal Auditor

*These professionals don’t have the authorisation to sign audit reports.

How to pick the right course for you?

We have established that all three certifications can help you land a fantastic, well-paying job with any of the big four accounting firms. But which one to choose? Here are some factors you should consider before selecting a course.

1. Location

• ACCA: This is the course for you if you want to work internationally, with global firms or in over 180 countries outside the US.
• US CMA: Perfect choice for corporate finance or management accounting, with the flexibility to work internationally in 150 countries.
• US CPA: The best certification for those who want to work in the US, for US-based companies in India, UAE, Canada and Australia.

2. Career Interests

• ACCA: An ideal fit for students who want to work in audit, tax, or business advisory roles with a global perspective.
• US CMA: Pick this one if you are interested in management accounting, cost management and business strategy.
• US CPA: This is for those who want to specialise in US accounting, auditing, and tax regulations.

3. Industry Preferences

• ACCA: You can work in audit firms, financial institutions, big 4 consulting firms and multinational corporations.
• US CMA: Suitable for professionals who want to join corporate finance, management consulting (big four) and companies that require in-depth financial analysis.
• US CPA: Ideal for Big Four accounting firms, US-based companies, tax advisory firms, etc.

4. Long-Term Goals:

• ACCA: A versatile certification that suits various industries and offers the flexibility to work in several domains such as auditing, consulting and advisory.
• US CMA: This can help you climb the corporate ladder faster, especially in job profiles focused on performance management and business strategy.
• US CPA: An ideal match for professionals who want to specialise in auditing, taxation or regulatory compliance in US-based companies or for US-centric clients.

Become a global accountant with Proschool.

Once you have decided between US CMA, US CPA and ACCA, it is time to figure out the next step. To break into global accounting, you need the support and guidance of one of India’s top coaching centres. Proschool has your back. The institution trains students with real-world skills and in-depth accounting knowledge, shaping them into the exact type of professional that the Big Four accounting firms are looking for. They provide industry case studies, world-class study material and smart learning tools to help you master your chosen course. The professors are experienced professionals who teach using active methods and practical training techniques to simplify complex concepts. Proschool offers all the facilities and resources to ensure you are not just exam-ready, but career-ready.

• Proschool offers students flexible learning options such as online or offline classes.
• You can access exceptional learning resources such as the latest, board-approved study material, mock tests, practice papers, recorded videos and an interactive LMS platform.
• Students also receive additional training in interview etiquette, resume building and presentation skills.
• Placement support is also given to students for accounting jobs with industry bigwigs, including the Big Four.

 

Conclusion

If you want to work for the big four accounting firms, you better prove your mettle. These giants are some of the best finance companies in the world and seek professionals on par with top global accountants. The ACCA, US CMA, and US CPA are prestigious certifications recognized globally. They can unlock international career opportunities, enhance your chances of landing a role at any Big 4 firms, and provide a strong foundation in accounting and finance.

FAQs

1. Which accounting qualification would be best if I migrated to Europe?

One of the best accounting qualifications for working in Europe would have to be the ACCA. It has a strong presence in the UK, but is also recognized in many European countries like Germany, France and the Netherlands. The course is aligned with the IFRS accounting standards used in European nations. You could work for any of the big four accounting firms on the continent.

2. Which course do I take if I want to work in the USA?

If you want to work in the USA or with US-based companies, opt for US CMA or US CPA. If you’re aiming for a career in auditing, taxation, or compliance, then CPA is the right choice. It is the gold standard for accounting in the USA. But if you are more interested in FP&A, performance management and decision support, CMA is better suited to your goals.

3. What do the Big 4 accounting firms look for in a management accountant?

Below are the skills you need to work for the Big 4:

• Strong analytical and strategic thinking
• Expertise in financial planning and budgeting
• Tech-savvy
• Good communication skills
• Global professional qualifications like US CMA, CPA or ACCA

4. Which certification will help me work in tax accounting?

Both ACCA and US CPA are perfect for working in tax accounting. The deciding factors would be the company and location.

5. Does it make sense to do ACCA and CMA together?

Holding both certifications might give you a competitive edge in roles that require technical accounting expertise (ACCA) and strategic financial planning (CMA).

6. Which course is the toughest to complete – US CMA, ACCA or US CPA?

The level of difficulty for each course is:

• US CPA: Very high due to rigorous exams and vast syllabus.
• ACCA: high due to the extensive syllabus and 13 exams (not counting exemptions).
• US CMA: Moderate due to only two exams and focused specializations.

7. Can I complete the US CMA course in a year?

Yes. The program has only two exams. So, with the right study plan and proper coaching, you could finish the course in 6 months to a year.