US Certified Management Accountant (US CMA) is considered as the ‘GOLD STANDARD IN MANAGEMENT ACCOUNTING.’ One can earn the US CMA certification within 8 months or stretch up to 3 years.
US CMA salary in India: The average salary of a US CMA in India is INR 800,000.
Let’s know the step-by-step process of the US CMA.
Become a member of the IMA
Educational Requirements
Work Experience
Join the US CMA program
Pay US CMA Exam fee
Pass both the exam parts of US CMA
Become a member of the IMA:
It is very simple to become an IMA member. Many options available for IMA membership.
IMA Professional Members: The fee for professional membership is USD 230 per year along with a one-time application fee of USD 15. The IMA professional membership applies only to people who are already aspiring to a career in finance or accounting.
IMA Student Member: This applies to the existing students of the accredited university or college. It costs $39 per year.
IMA Academic Member: It is applicable for full-time faculty members of the accredited college, institute, or university. The cost of academic membership is $120 per annum.
US CMA Educational Requirements:
The US CMA aspirants must have a bachelor’s degree from an accredited college or university.
Most of the CMA students earn degrees in finance, accounting, general business, and economics.
Work Experience:
The US CMA aspirants must have to complete two consecutive years of professional work experience.
If you are unable to work full-time, then you can work part-time for 20 hours/week for four consecutive years.
Join the US CMA program:
Once you are a member at IMA, you can become a US CMA candidate by entering the US CMA certification program.
The entrance fee of the CMA program depends on IMA membership. Academic members: $188 and Professional members: $250. It’s a non-refundable fee that has to be paid before taking the US CMA exam.
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The greatest advantages of joining the US CMA certification program at Simandhar Education are:
The Becker product and US CMA live classes at Simandhar are effective.
It assures placement guarantee.
All the faculty at Simandhar Education CMA qualified and rank holders.
Attention on individual candidates.
Personal grooming sessions.
Simandhar Education is associated with MNCs and Big4s.
Pay US CMA Exam fee:
After joining the US CMA certification program, you have to decide when to book your exam and pay the US CMA exam fee.
US CMA Examination Fee: You have to pay $415 for each CMA exam part. If you have academic or student membership then you have to pay only $311 for each part.
US CMA course fee in India:
Part 1 – INR 28000
Part 2 – INR 28000
Pass both the exam parts of US CMA:
US CMA exam consists of two parts:
Financial planning, Analytics, and Performance
Strategic Financial Management
The US CMA syllabus is not as difficult as you think.
US CMA Jobs in India:
In India, there are many job opportunities for US CMAs. Some of the leading companies like Accenture, Amazon, Wipro, and HPE have partnered with the Institute of Management Accountants (IMA) to seek talented US CMA holders for job placements within their companies across the country. There are around 35,000 job openings in various organizations for a US CMA.
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