Is CMA difficult than CA? | What are the subjects in CMA course? | What is CMA salary India? | Who Earns More CA or CMA?

CA is tougher than CMA in terms of syllabus content. But the number of CA pass-outs always remains better than the number of CMA pass-outs. CMA is much more oriented towards cost and accountancy whereas in CA, you study certain other subjects as well. CA is tougher than CMA in terms of syllabus content.

US CMA Course (Certified Management Accountant) is a certification that signifies expertise in financial accounting and strategic management.

US CMA designation builds on the proficiency of financial accounting by adding some management skills while making the decisions of the strategic business.

IMA issues the US CMA certification. US CMAs work in the areas of financial analysis, management decision-making, and planning.

Who is eligible for CMA?

In India, one can be eligible to prepare and take the US CMA exams after his/her 12th.

However, that person would get the CMA certification once he completes his bachelor’s degree from a recognized college/university along with 2 years of relevant work experience.

Also, the candidate must pass both CMA exam parts (Financial Planning & Analysis and Financial Decision Making) within 3 years to have CMA certification.

Working professionals having two years of experience in finance or management can apply for US CMA.

IS US CMA VALID IN INDIA?

CMA USA ranks higher than the Indian CMA. Of course, CMA India is highly valued but the US CMA certification is a better proposition for several reasons.

US CMA exam format is very simple and it just consists of two parts: 1)Financial planning, Analytics, and Performance 2)Strategic Financial Management.

US CMA Testing Window:

Testing Window of CMACMA Exam Dates
January-February1st January to 28th February
May-June1st May to 30th June
September-October1st September to 31st October

US CMA Exam Format:

There are two parts in the US CMA exam with 100 MCQs and 2 essay questions in each paper.

The candidate needs to answer 50 percent of the MCQs (Multiple Choice Questions) in order to unlock the essay questions.

Type of QuestionsNo. of QuestionsTimeAvg Time per Question
MCQs (Multiple Choice Questions)1003 hours1.8 minutes
Essay Questions21 hour30 minutes
US CMA EXAM PARTS:

The two parts of US CMA are:
1)Financial planning, Analytics, and Performance
2)Strategic Financial Management.

Is it worth doing CMA USA?

US CMAs work in corporate finance, accounting, and strategy teams in an organization. Also, they can parse the information/data from several sources in informing performance improvements and they can contribute to the business decisions.

The work experience of US CMA can be summarized as follows:

  • Identifying the opportunities of investment management.
  • Creating strategies to improve several internal and external risks.
  • Arrange funding and financing options.
  • Administer and monitor compliance.
  • Supervise low-level accountants.

US CMAs are in great demand in the fields of banking, finance, government and private sectors. The most common industries to employ US CMAs in India include:

  • Medical and health services
  • Educational Services
  • Mining
  • Manufacturing
  • Transportations
  • Communications and utility services
  • Insurance and real estate

Is CMA a good career option?

US CMAs are uniquely qualified for many positions. Let’s know some of the CMA job roles:

  • Performance management
  • Planning and budgeting
  • Investment decisions
  • Financial reporting
  • Internal controls
  • Cost management
  • Profitability analysis

Skills gained through the US CMA course enable working professionals to connect the concepts of finance and accounting.

In addition, US CMAs can hone the financial analysis that can be used to leverage in making strategic business decisions. US CMAs are the experts in cost management and budgeting.

What is US CMA Salary in India?


US CMA paves several career opportunities in India. Some of the leading companies like Accenture, Amazon, Wipro, Big4s (PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young and KPMG) seek the talented US CMA certification holders for job placements and internships within their companies.

There are more than 40,000 job openings in many organizations/companies for US CMA in India. CMA USA is a highest management accounting credential and hence its scope spans across many levels in a company.

The average salary of US CMA in India is ₹8,00,000 per annum.

Conclusion:

US CMA certification is a highest management accounting credential which can create countless opportunities for those who pursue it. It just consists of two exam parts and it’s not a difficult task to crack the exam. Hope, this article gives you the complete idea about the US CMA course. Any queries? Comment below. Happy Learning!

Checkout here:: US CPA vs ACCA

Comments

Post a Comment

Popular posts from this blog

CMA Course Benefits and Exam Requirements | CMA Course Fees & Syllabus | Simandhar Education

Image
Certified Management Accountant (CMA) is the highest level of certification in management accounting awarded by the Institute of Management Accountants (IMA), USA. The US CMA Course is globally recognized, advanced-level credential appropriate for accountants and financial professionals in the business. CMA Course Duration: Depending on the aspirant’s plan and study schedule US CMA certificate can be completed in a minimum of 6 months to 3 years. As per the guidelines of IMA, an aspirant is required to complete the exams within 3 years from the date of registration. US CMA Testing Windows: IMA conducts US CMA exams in three testing windows every year in India and all over the world. The testing windows are as below. January – February May – June September – October US CMA vs Indian CMA US CMA Course Fee US CMA Course fee varies with the status of the aspirant, any aspirant not a pursuing student of any course is considered as a professional. Following are the different fees involved
Read more

CMA Job Opportunities and Career Paths | What do CMAs do?

Image
Career Opportunities after completing US CMA Certification We’ve already established that US CMA certification is one of the most sought-after credentials in the world. CMA experts have a prosperous career path and several prospects in many reputable multinational corporations around the globe. Most multinational corporations in India are eager to hire CMAs for corporate finance positions. Let us walk you through the possibilities available to you as a CMA professional. Finance Manager : You will be in charge of making all operational decisions as a Finance Manager. As a finance manager, you’ll be responsible for forecasting and budgeting, among other things. You should have a thorough understanding and knowledge of the finance industry after earning your management accounting certification. To deal with clients and upper management, you also need to be a skilled communicator. Financial Analyst : The job description is self-explanatory. This position necessitates the accurate tracking
Read more

How to check my CPA Exam Results? | CPA Exam in India | CPA Course

Image
US Certified Public Accountant (US CPA) is a credential given to the individuals who passed the   US CPA examination   governed by the American Institute of Certified Public Accountants (AICPA).  The US CPA aspirants must meet the relevant experience and educational requirements. The  US CPA  designation helps to enforce the professional standards in the accounting and finance industry. When should I expect to receive my US CPA exam scores? After completion of the  US CPA exam , the candidate may have a query: ‘When can I expect my CPA exam results?’ The  US CPA exam scores  on a rolling basis. The score release dates of the US CPA are shown below: If you take CPA exam on/before Your CPA score release date 23rd January 9th February 15th February 23rd February 10th March 18th March 31st March 9th April 23rd April 11th May 16th May 25th May 8th June 16th June 30th June 13th July 23rd July 10th August 15th August 24th August 7th September 15th September 30th September 12th October 23rd O
Read more