Most people researching finance certifications end up choosing between two. The guides below compare the pairs people ask about most, using the same fees, pass rates and requirements checked for our individual certification guides.
All five certifications at a glance
| CFA | ACCA | FRM | CPA | CMA | |
|---|---|---|---|---|---|
| Exams | 3 levels | 13 (11 from 2027) | 2 parts | 4 sections | 2 parts |
| Official fees (approx.) | $3,520–$4,570 | £2,500–£3,500 | $1,600–$2,000 | About $1,000–$2,000 | $1,088–$1,685 |
| Study time | About 900 hours | Several years part-time | About 480 hours | Several hundred hours | About 300–400 hours |
| Experience | 4,000 hours | 36 months | 2 years | 1–2 years (by state) | 2 years |
| Best for | Investment management | Accounting outside the US | Risk management | US public accounting | Corporate finance |
Pick a comparison below for the detail, or start with a single certification from the menu.