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Depending on the country you are applying in. In the generation that we are in, people recommend those with professional certificates instead of MBA. Therefore, in my opinion, I would say that CMA is more useful as CPA uses US GAAP and in the country that I am in (Bahrain), we follow IFRS standards.
Certified Public Accountants, Cost and Management Accounting Masters in Business Administration
It depends upon the use of each one, the speciality in your work.
CPA for those focused on public Accounting & Audit Firms.
CMA for those focused in management Accounting & business .
MBA is a master academic Degree rather than professional accounting designation ( you may obtain your MBA with concentration in accounting ).
CPA ( Professional Designation )
CMA ( Professional Designation )
MBA ( Academic Degree )
MBA is always a good and well-recognized title in any industry since it gives the person who studied it an excellent knowledge in running a business professionally