CMA(US)

The full form of CMA (USA) is “Certified Management Accountant (USA).” The course focuses on various aspects of finance, accounts and business

In order to take the US CMA exam, you must have a university degree. To qualify for US CMA eligibility, applicants must hold a bachelor’s degree from any stream (except humanities) or a professional accounting certification with at least two years of related experience. Institute of Management Accountants (IMA) has flexed the US CMA exam entry criteria for undergraduates who can have another seven years to produce the documents upon successful completion of two parts of the exam.

To summarize, for US CMA, you’ll need to meet the following requirements:

• Membership in IMA®.
• Bachelor’s degree from an accredited college or university or an equivalent degree.
• Two years of professional experience in accounting or finance.
• Entrance into the CMA program.
• Completion of Part 1 and Part 2 of the CMA exam.

Yes, if you want to make a career in the field of management accounting, internal control, risk management, financial statement analysis, planning, budgeting & forecasting, which can be completed within a very short period of time, say 1 year, then pursuing CMA USA will be the right decision for you.
In the wake of globalization, most of the top MNC’s like KPMG, Deloitte, PWC, EY, Microsoft, IBM, Nestle, Procter & Gamble, Wipro, Tata Consultancy Services, Accenture, IBM, Microsoft prefer candidates with a global qualification like CMA USA. So, if you want to give your career, an international edge, you should definitely opt for CMA USA.

There are lot of US companies operating in India, for example- Accenture, Capgemini, Cognizant, World bank, D.E.Shaw, Genpact- majority of them hire US CMA for FP&A profile- Financial planning and analysis, US CMA enjoys global recognition, thus there is ever increasing demand for US Certified management accountants in India.

With your hard work and training from highly qualified and exclusive CMA-certified faculty at Saraf Academy, you have the potential to complete your CMA exams in a more expedited timeframe of 6 to 9 months at the earliest

The decision between CA and CMA depends on the time commitment and desired focus of your professional qualification.

Indian CA typically takes 5+ years to complete in India, offering opportunities in financial accounting, auditing, and statutory regulations.

In contrast, the US CMA designation can be obtained in 6-9 months, providing global exposure, with a focus on management subjects like financial statement analysis, performance management, cost management, and corporate finance.

Consider these factors when making your decision.

The choice between CIMA and CMA USA depends on your specific career goals and geographic location.

CIMA offers global recognition with a focus on management accounting and strategic planning. CMA USA is widely recognized in the United States and emphasizes management accounting and financial management. Consider your industry and region to determine which qualification aligns better with your goals.

CMA salaries in India can range from INR 4-6 lakhs for entry-level positions to several lakhs for experienced professionals.

Abroad, entry-level CMAs can earn around $60,000 to $80,000 per year, with experienced CMAs earning six-figure salaries, particularly in senior management roles.

CMA professionals are finance professionals who can work as Accounts Manager, Cost Accountant, Financial Engineer, Lead Compliance and Forensics Specialist, Business Analyst, Manager Financial Reporting, Manager Accounts, Manager Costing, DGM Tax, Data Scientist, Risk Manager, Management Accountant, Senior Associate (Financial Effectiveness).

CMA India, offered by the Institute of Cost Accountants of India (ICAI), focuses on cost and management accounting within India.

CMA USA, offered by the Institute of Management Accountants (IMA), covers management accounting and financial management globally, providing international recognition and opportunities.

The choice between CMA India and CMA USA depends on career goals, geographical preferences, and industry focus.

With three testing windows every year you can sit for the exam at any time or place that is feasible for you. The CMA exam is basically a computer-based exam and is administered at hundreds of Prometric testing centres all over the world.

• Testing windows are offered in January/February, May/June, and September/October. You have to pick your window.
• You then have to register for the exam on the IMA website
• You will receive your Authorization number along with further instructions.
• Schedule your exam appointment with Prometric

The CMA (USA) qualification has a significant scope both in India and abroad.

In India, CMAs can find opportunities in various sectors such as manufacturing, IT, consulting, financial services, and more. They are sought after for roles in management accounting, financial analysis, and strategic planning.

Abroad, the CMA (USA) qualification is recognized and valued in many countries. CMAs can explore opportunities in multinational corporations, consulting firms, and other organizations that require expertise in management accounting, financial management, and decision-making.

Overall, CMAs (USA) have a promising scope in India and abroad, with opportunities in diverse industries and roles related to financial and management accounting

The CMA qualification is recognized in over 100 countries globally. The CMA qualification is recognized in countries such as the United States, Canada, United Kingdom, India, United Arab Emirates, Saudi Arabia, Singapore, Malaysia, and many more.

Any part of the US CMA exam can be taken once in a testing window and retakes need a new registration along with fee payments.