Accounting & Commerce

Distance learning has popular option nowadays, because of its flexibility of time, place and study schedule. Distance learning comes as a blessing to students who want to study further while continuing with jobs or who might not be able to attend a full-time course for various reasons.
The most frequent query from students regarding distance learning is related to the confusion over the value of a distance learning programme. The answer to this totally depends on the student. Some students can make the most of a distance learning programme, but there are also others who are not comfortable with this pattern.
Allows students to pursue studies along with a job, it is more affordable (Distance learning programmes cost way less than a full-time, regular programme. Very economically viable option, easy on the pockets), more comfortable, more recognizable among employers.

The Master in Finance is intended to prepare students for a wide range of careers both inside and outside the financial industry. It May be M.Sc or MBA in Finance and Accounting.
They can get work opportunities with government and public sector companies as finance officer, risk manager, insurance manager, treasures, manager finance & accounts, to name a few. Though, designations may vary according to company profile. Companies also hire financial managers as consultants who advise senior managers on various business issues. Government also receives advice from financial experts in various issues related to finance and investment.
It is a dynamic subject, its scope and area of operation have been always increasing, keeping pace with the changes in socio-economic changes.
Salary varies depending on your grade and designation. At the entry-level position, you'd be given the designation of a staff accountant where you would get to work on cash accounts for audits. In a company, you would possibly be given the charge of accounts payable and accounts receivable. Further ahead, you would become the internal auditor, keeping a tab on the finances of the company and be the real financial truth-teller.
Budget and credit analysts come higher up on the ladder. Budget analysts are in the key position of allocating specifics budgets for the company. Credit analysts are generally employed by banks to figure out whether or not a customer can pay back a loan.
As a trainee, one can start with a salary of Rs.8000-Rs.150000. one can command a higher salary as the experiences raises, generally MNCs and private companies pay higher.

CMA vs CIMA: An Overview
The CMA qualification is granted by the Institute of Management Accountants and is also known as IMA. CIMA stands for Chartered Institute of Management Accountants, is a designation which comes from the UK.
Membership and Network
Both qualifications were conventional since a long time, but CIMA has a much superior presence with 218K members and students. IMA has around 70,000 members.
Global Presence
In terms of global presence, CIMA conventionally has a more global presence and is well familiar in most places less so in the US but more so in the UK and Commonwealth countries. In current years, the CMA (now CPA) Canada and CMA Australia are getting more widespread in their respective countries so CIMA is disputably less sought after in these countries.
On the other hand, IMA has been vigorously building up its universal presence, remarkably in developing countries e.g. China and the Middle East. For now, CMA is well established in China and is head-to-head with CIMA in the Middle East.
At the same time, CIMA pairs up with AICPA to establish a new qualification known as CGMA. CIMA members can pretty much pay to get the new designation before 2015.
Conclusion
There isn't a superior or simpler qualification. As fellow reader Gunner pointed out in the comment section, while CMA may look easier with only two parts in the exam, it needs a Bachelor degree, vs a high school diploma in CIMA. Or looking at it the other way, as CIMA has a lower entry barrier, it has a more comprehensive exam with extra papers and time/effort in the preparation.
A more important consideration is where you would like to work in a longer term. This will help you select the qualification best suited in that region.