The reason it's not a direct equivalence is that:
* Focus: CIMA is a professional qualification focused on management accounting and finance within a business context. A Bachelor's degree might cover broader business topics or specialize in a different area.
* Assessment: CIMA's assessment methods differ from typical university degree programs.
* Recognition: While highly regarded by employers, CIMA's recognition varies internationally, unlike a nationally-accredited degree.
In short, while a CIMA Managerial level certificate demonstrates a comparable level of knowledge and skills to a Bachelor's degree in a related field, it's not a direct substitution. Employers recognize both qualifications differently, depending on the specific job requirements.