US CMA Course (Certified Management Accountant) is a certification that signifies expertise in financial accounting and strategic management.
US CMA designation builds on the proficiency of financial accounting by adding some management skills while making the decisions of the strategic business.
IMA issues the US CMA certification. US CMAs work in the areas of financial analysis, management decision-making, and planning.
Who is eligible for CMA?
In India, one can be eligible to prepare and take the US CMA exams after his/her 12th.
However, that person would get the CMA certification once he completes his bachelor’s degree from a recognized college/university along with 2 years of relevant work experience.
Also, the candidate must pass both CMA exam parts (Financial Planning & Analysis and Financial Decision Making) within 3 years to have CMA certification.
Working professionals having two years of experience in finance or management can apply for US CMA.
Is US CMA valid in India?
CMA USA ranks higher than the Indian CMA. Of course, CMA India is highly valued but the US CMA certification is a better proposition for several reasons.
US CMA exam format is very simple and it just consists of two parts: 1)Financial planning, Analytics, and Performance 2)Strategic Financial Management.
US CMA Exam Format:
There are two parts in the US CMA exam with 100 MCQs and 2 essay questions in each paper.
The candidate needs to answer 50 percent of the MCQs (Multiple Choice Questions) in order to unlock the essay questions.
US CMA Exam Parts:
The two parts of US CMA are: 1)Financial planning, Analytics, and Performance 2)Strategic Financial Management.
Is it worth doing CMA USA?
US CMAs work in corporate finance, accounting, and strategy teams in an organization. Also, they can parse the information/data from several sources in informing performance improvements and they can contribute to the business decisions.
The work experience of US CMA can be summarized as follows:
Identifying the opportunities of investment management.
Creating strategies to improve several internal and external risks.
Arrange funding and financing options.
Administer and monitor compliance.
Supervise low-level accountants.
US CMAs are in great demand in the fields of banking, finance, government and private sectors. The most common industries to employ US CMAs in India include:
Medical and health services
Educational Services
Mining
Manufacturing
Transportations
Communications and utility services
Insurance and real estate
Is CMA a good career option?
US CMAs are uniquely qualified for many positions. Let’s know some of the CMA job roles:
Performance management
Planning and budgeting
Investment decisions
Financial reporting
Internal controls
Cost management
Profitability analysis
Skills gained through the US CMA course enable working professionals to connect the concepts of finance and accounting.
In addition, US CMAs can hone the financial analysis that can be used to leverage in making strategic business decisions. US CMAs are the experts in cost management and budgeting.
What is US CMA Salary in India?
US CMA paves several career opportunities in India. Some of the leading companies like Accenture, Amazon, Wipro, Big4s (PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young and KPMG) seek the talented US CMA certification holders for job placements and internships within their companies.
There are more than 40,000 job openings in many organizations/companies for US CMA in India. CMA USA is a highest management accounting credential and hence its scope spans across many levels in a company.
The average salary of US CMA in India is ₹8,00,000 per annum.
Conclusion:
US CMA certification is a highest management accounting credential which can create countless opportunities for those who pursue it. It just consists of two exam parts and it’s not a difficult task to crack the exam. Hope, this article gives you the complete idea about the US CMA course. Any queries? Comment below. Happy Learning!
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