US CMA: Exploring opportunities in India and abroad
The Certified Management Accountant (CMA) designation is a globally recognized certification that demonstrates a professional’s expertise in financial planning, analysis, control, and decision support. With the growing demand for experts in financial accounting, there is a significant rise in the number of people pursuing the US CMA course in India and abroad.
The CMA course is initiated by the Institute of Management Accountants (IMA), headquartered in the United States of America. It is a two-part exam that tests a candidate’s knowledge of financial management, strategic planning, and analysis. The US CMA certification is widely recognized across industries and organizations worldwide, providing numerous job opportunities to successful candidates.
Opportunities for US CMA Course in India
In India, the demand for financial professionals with CMA certification has increased considerably in recent years. The CMA certification is considered equivalent to an MBA in finance and serves as an added advantage while applying for jobs in finance-related roles in India. Some of the top companies in India, including MNCs, prefer hiring US CMA certified professionals due to their in-depth knowledge of financial management.
The top sectors in India that provide excellent opportunities to CMA certified professionals include banking and finance, manufacturing, pharma, and FMCG. Renowned companies like Deloitte, KPMG, and PwC are actively hiring US CMA certified professionals in India.
Certified Management Accountant (CMA) Salary and Fees
The average salary of a CMA-certified professional in India ranges from INR 6 lakhs to INR 25 lakhs per annum, depending on the candidate’s experience and skills. In terms of the US CMA course fees, candidates have to pay an entrance fee of $250 and a total of $1,040 for both parts of the exam. In addition, CMA USA candidates must pay an annual membership fee of $245 to maintain their certification.
To get more details about CMA salary read out this blog.
CMA Exam Syllabus and Study Duration
The CMA exam is one of the most rigorous certification exams in the financial management field. The exam is divided into two parts, with each part consisting of 100 multiple-choice questions and two essay questions that require a candidate to demonstrate their depth of knowledge, critical thinking, and problem-solving skills.
The CMA exam syllabus covers a wide range of topics that include financial reporting, planning, performance, and control. The total study duration required to prepare for the CMA exam is approximately 150 to 200 hours.
To get more details about the CMA Exam read this blog.
CMA Career Growth and Job Opportunities
The US CMA course is highly beneficial for career growth, as it positions professionals as finance and accounting experts who can add value to their organization’s financial health. Moreover, professionals with CMA certification can explore job opportunities beyond their country’s borders, with lucrative salary packages. The certification is highly regarded in the international job market, making the candidates more employable in the global financial industry.
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Conclusion
The US CMA certification is an excellent choice for candidates who aspire to make a career in financial management. It provides numerous job opportunities across various sectors in India and abroad with lucrative salary packages. Moreover, professionals with CMA certification are considered experts in financial management, providing them with the flexibility to choose their career path from numerous available options. Pursuing the CMA course requires dedication and effort; however, the opportunities and career growth it offers are well worth the effort.
