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US CMA Guide: From Eligibility to Employment

Thu May 02 2024

US CMA Guide: From Eligibility to Employment


Introduction:

Are you aspiring to a career in the field of management accounting? Then, a globally acclaimed Certified Management Accountant (CMA) credential should be your goal. US CMA is an advanced professional program in finance offered by the Institute of Management Accountants (IMA), USA. You must be curious about the eligibility criteria and the pathways to fulfil those requirements. In the blog below, we’ll summarize all the essential information for you.


Table of Contents:

  1. Eligibility Criteria for Becoming a US CMA 
  2. Job Opportunities with Higher Earning Potential

  

Eligibility Criteria for Becoming a US CMA:

  • Registration: You need to register yourself to IMA.
  • Education: US CMA aspirants require a bachelor’s degree from an accredited college or university. If you’re pursuing your graduation, you’re still eligible for the US CMA examination.
  • Experience: To become a CMA in the US, the IMA typically requires candidates to have 2 continuous years of professional experience in management accounting or financial management. This requirement can be fulfilled before or within 7 years of passing the CMA exam.
  • CMA Exam: To become a CMA professional, you need to pass the US CMA examination which consists of 2 parts. To appear in the exam, you need to enrol yourself as a CMA candidate in the IMA. If you’re well prepared for the exam, you can register for Part 1 and Part 2 of the exam by paying the exam fees. Once you receive the authorization from IMA, you will have to schedule your exam at a Prometric testing center.


    

Job Opportunities with Higher Earning Potential:

Once you qualify for both parts of the CMA examination, you can earn the license for it. Though to earn the license, you need to have a work experience of 2 years but that doesn’t stop you from joining accounting firms as a CMA. Once you qualify all parts of the exam, you will be recognized as a CMA candidate. Over 170+ countries sought after the US CMA professionals. You can work in the Big 4 and top MNCs and earn a salary package of up to 6-8 LPA. Career opportunities after CMA includes working in:

  • Consulting services
  • E-commerce
  • Financial Planning, Accounting and Taxation
  • IT & ES
  • Nonprofit organizations
  • Business Valuation and many more.

A CMA enjoys job roles like:

  • Chief Financial Officer (CFO)
  • Financial Analyst
  • Accounting/Financial Manager
  • Corporate Controller
  • Cost Accountant and many more



Conclusion:

If you’re in search of an institution which provides courses for US CMA examination, enrol to Simandhar Education today and seek guidance from the industry experts and get access to the top-class study materials. To get a brief knowledge on US CMA certification and its significance, join our webinars. For further queries, call us at 7780273388 or visit our official website at www.simandhareducation.com