(US CMA) US Certified Management Accountant designation is recognized globally with a special focus on corporate finance and management accounting. It is a certification in financial accounting and strategic management. The US CMAs work in strategy teams, corporate finance, and accounting teams in an organization/company.
The work experience of a US CMA include:
- Administering and monitoring compliance.
- Identifying the opportunities for investment management.
- Arrange funding and financing options.
- Creating management strategies.
- Supervise lower-level accountants.
US CMA Course in India
In this globalized era, many companies and organizations require CMAs specializing in value creation and business strategy. Over the years, the significance of CMA has been rising fabulously. It is because of the economic growth in India and large foreign business markets. One of the greatest advantages of having US CMA certification is it will open many prospects for Indian candidates. After completing the US CMA course, one can work as a Finance Manager, Financial Analyst, Financial Controller, Internal Auditor, Relationship Manager, Cost Manager, Chief Financial Officer (CFO), and Cost Accountant.
In this corporate accounting world, the CMA USA designation is very respectable. It is specially designed to measure accounting management and critical accounting skills. In Indian MNC’s, the US CMAs have good opportunities. Degree holders with US CMA certification are in high demand by the enterprise, education, training, public and private sectors.
CMA USA certification stands out as a demanding and powerful career option in India. With the unprecedented rate at which most of the companies, enterprises, and organizations transform globally, the CMA career prospects are rising in all the economic activities.
The reasons behind the huge prospect for US CMA course in India are:
- Management consulting expertise is a must for organizations to run the same in a very effective way.
- CMAs have good growth in manufacturing industries.
- US CMAs have enough knowledge in handling the manufacturing industries’ accounts.
Benefits of US CMA Certification:
The benefits of the US CMA course include good business approvals, more career opportunities, steady financial growth and many global opportunities.
In India, there are many opportunities for US Certified Management Accountants. Leading global companies such as Accenture, Amazon, HPE, Toubro, Larsen, Cyqurex, and Wipro have partnered with IMA to seek talented CMA certification holders for job placements and internships within their companies across India. As per Naukri.com, there are around 40,000+ job openings in various companies for a US CMA.
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CMA Salary in India:
As the highest management accounting credential, the US CMAs are sought after as their scope spans across different levels in a company. Being in demand, the US CMAs are in an advantageous position as regards the salaries they can command.
In India, the average salary of a CMA (USA) is ₹ 808,216
US CMA Jobs in India:
The US Certified Management Accountants are in great demand in the banking, finance, public and private sectors. They are experts in cost management and budgeting.
In India, given below are the most common industries that employ US CMAs:
- Manufacturing industries
- Educational services
- Medical and health services
- Insurance and real estate
- Utility and communication services
Skills acquired while pursuing the US CMA course enable the candidate to connect with finance concepts to accounting applications. Besides, CMAs can hone accounting and financial data analysis, which is used to improve performance and make strategic business decisions.
The job positions/areas of US CMAs include:
- Performance management
- Planning and budgeting
- Investment decisions
- Financial reporting
- Internal controls
- Cost management
- Profitability analysis
In India, the US CMA course fees range between 1.25 to 1.50 lakhs with exam fees and training fees included.
US CMA Course Syllabus:
There are two parts in the US CMA exam.
Part:1 – Financial planning, Analytics, and Performance
Part:2 – Strategic Financial Management
The US CMA course syllabus includes:
CMA Exam part-1:
- Technology and Analytics (15%)
- Performance Management (20%)
- Internal Controls (15%)
- External Financial Reporting (15%)
- Budgeting, Planning, and Forecasting (20%)
- Cost Management (15%)
CMA Exam part-2
- Corporate Finance (20%)
- Investment Decisions (10%)
- Decision Analysis (25%)
- Professional Ethics (15%)
- Financial Statement Analysis (20%)
- Risk Management (10%)
It takes a minimum 6 months to complete the US CMA course. IMA provides a US CMA course duration of maximum 3 years.
The above article gives you a detailed analysis of the US CMA scope in India. Still, you have any queries in the US CMA course, cost, duration, and syllabus, feel free to contact Simandhar Education (The largest training provider for US CPA & US CMA courses in India) – 91 9390584166.