US CMA Eligibility for Indian Aspirants: Education Qualifications and Examination Details

Introduction:

The acronym for US CMA stands for US Certified Management Accountant. CMAs have the expertise and understanding in the field of management accounting like financial planning, decision making, controls, and analytics. The CMA certification authorized by the Institute of Management Accountants (IMA) offers global exposure to professionals by making them eligible to work in any corner of the world, including in India. If you’re unaware of the requirements that enable you to take the CMA exam, read the blog below.

Table of Contents:

• Benefits of Having CMA Certification
• US CMA Eligibility Criteria for Indian Students
• IMA Membership
• IMA Scholarship
• US CMA Exam Structure
• Career Paths after CMA

Benefits of Having CMA Certification:

• Career Growth: This course open doors to ample opportunities in the field of accounting and finance. By gradual practice, you’ll develop your skill sets, and that experience will help you to earn better jobs in renowned workplaces over the years.
• Higher Earning Potential: CMA is a lucrative opportunity. With your top skills and expertise in management accounting, based on your location and workplace, your salary package will tend to increase. Basic salary of a CMA is 6–8 LPA.
• Global Recognition: US CMA being a globally acclaimed certification, offers you to work around many countries like the US, India, Canada, China, and the Middle East countries.

US CMA Eligibility Criteria for Indian Students:

Candidates need to meet the following requirements to be eligible for CMA certification:

• IMA Membership: Visit the official website of the IMA and join as a member.
• Education: Any 12th pass-out who is pursuing a bachelor’s degree or any graduate from an accredited college or institution, can pursue the CMA course. Degree verification must be done within 7 years of finishing the CMA examination.
• CMA Examination: One must qualify for both the parts of CMA exam to become a licensed CMA. The minimum passing score of the exam is 360.
• Work Experience: Candidates for the CMA certification must complete 2 continuous years of professional experience in management accounting or financial management. This requirement may be completed prior to or within 7 years of passing the examination.

IMA Membership:

There are 2 categories of IMA membership: Professionals and University students.

• For Professionals: The fees for membership and entrance along with discounted price is $297.50. For professionals, there is 50% off on 1-year membership and entrance. For both paper 1 and 2 of the US CMA exam, there is 20% off the exam fees.
• For Students: The fees for membership and entrance along with discounted price is $186.00. For the students, there is 50% off on 3 years of membership and entrance. There is 35% off on exam fees for both papers and the exam token is valid for 36 months.

IMA Scholarship:

• CMA Scholarship: IMA offers the CMA Scholarship Program to support the education of future accounting and finance professionals. The CMA scholarship allows students to complete the CMA certification at no cost, including the entrance fee and exam support package. The scholarship also includes up to 3 years of IMA membership and course provider review material.
• Eligibility: High-achieving students (undergrad through Ph.D.) who attend an accredited college or university in the U.S. or around the world; 5 students per school per academic year can be nominated for a CMA scholarship; and all students who are nominated by a professor will earn the scholarship.
• Advantages: In this CMA scholarship, the entrance fee is included. Exam support package with retired exam questions and a glossary of terms, and registration fees covering both parts of the exam (additional fees will apply for retakes) are all included in the scholarship.
• When to Apply? IMA accepts CMA Scholarship nominations each academic year from September 1 — June 30.
• Simandhar’s Assistance: In this whole CMA scholarship procedure, Simandhar Education provides end-to-end support to their students in getting their scholarships and having a smooth, no-cost CMA journey.

https://www.youtube.com/embed/Nw3Qxe_EX28?si=fcdAYfRmTJNPILmN

US CMA Exam Structure:

Career Paths after CMA:

CMAs use their analytical skills to help businesses analyse budgets and make informed decisions about taking on new liabilities, adding employees, and other strategic financial planning. CMAs are often hired by public accounting firms like the Big4 and other top companies like Accenture, Genpact, Cognizant, Grand Thornton, and many more in and around the world. Some of the common roles that the CMAs hold are:

• Financial analyst
• Cost accountant or cost manager
• Controller
• Managerial accountant
• Corporate accountant
• Chief accountant or Chief Financial Officer (CFO)

Conclusion:

So, are you ready to begin your journey toward becoming a Certified Management Accountant and enter the realm of accounting and finance? Let us be a part of your professional voyage. Enrol in Simandhar Education today and seek guidance under our best faculty and get access to our live webinars and renowned study materials. To know more about Simandhar, call us at [7780273388].