The Certified Management Accountant (CMA) degree is conferred by the Institute of Management Accountants (IMA), an association of accountants and financial professionals in business worldwide. The CMA degree is yet another prestigious qualification like CPA. Even as it has some overlapping curriculum with CPA, the CMA denotes expertise in financial accounting and strategic management.
The CMA qualification can be attained by:
- Any candidate who does not have a Bachelor’s Degree and is willing to sit for the exam (even if not enrolled at university yet), can sit for both exams but will not be certified until he/she fulfils the educational requirements mentioned above with a period of seven years.
- Professionals with 2+ years of experience in accounting or finance. This requirement may be completed prior to or within seven years of passing the exam.
With expanding MNCs, monetary administrations or counselling firms in India, the interest for US CMAs has gone enormously high. Fortune 500 organizations are known to have US CMAs in their key administration parts. Organizations like Alcoa, AT&T, Bank of America, Boeing, Cargill, Caterpillar, ConAgra, Hewlett-Packard, Johnson and Johnson, Microsoft, Procter and Gamble, KeyCorp, Whirlpool, Saudi Aramco, Verizon, Xerox are few best organizations where US CMAs are employed.
According to a current IMA Survey, CMAs appreciate 30%+ pay a premium, that is more than non-CMAs in India. The compensation offered in India ranges from 4 Lakhs to 20 Lakhs for every annum, despite the fact that experience matters in each field to specifically influence your pay. However, your selection of institute is critical because of US CMA being a niche course. Do join an institute where there are good teachers and good corporate connections because it’ll help you in placements.
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