FAQ

• IMA Membership.
• A bachelor’s degree from a renowned institution in a related field.
• You must possess 2 continuous years of work experience in Management Accounting or Financial Accounting.
• You must abide by the IMA’s Statement of Ethical Professional Practice.

Better salary/high salary

The US CMA qualification allows you to work in Indian as well as international companies which alone increases your earning potential. As a US CMA, you will be able to demand a higher salary than someone with a regular bachelor’s degree. So, if you are largely interested in the business side of accounting and finance, then US CMA is the right choice for you. It will help you land high paying jobs right from the start. As a US CMA, you can expect a pay scale of anywhere between INR 5 to 7 lacks pa.

More career opportunities

A qualification like US CMA can help you explore better career opportunities than your regular high-school diploma or graduation degree. With the US CMA qualification, you may get hired in some of the most important management roles in companies like Hewlett-Packard, Bank of America, Capgemini, and the Big 4 (KPMG, Deloitte, EY and PwC).  You will be able to explore job profiles like Cost Accountant, Financial Manager, Staff Accountant, and Treasurer.

Ability to Work Abroad

One of the biggest advantages of pursuing US CMA is that you can explore job opportunities not only in India but also in countries such as the US, Canada, Australia, New Zealand and different parts of Europe. If you are eventually aiming to expand your career overseas, it is important to pursue a qualification that will be accepted in your desired country. A big reason behind the recent surge in the number of US CMA applicants is the opportunities one can achieve to work abroad.

It is a relatively short course

The US CMA course consists of two parts. Each part consists of 6 modules. Each of these two exams can be in the months of Jan-Feb, May-June and Sept-Oct. Overall, the US CMA course can be completed in 6 to 9 months at the most. So within a year, you will be able to work as a management accountant.

Its the doorway to management accounting

US CMA as a course combines the knowledge of accounting and finance with a deep understanding of management strategies. So if you want to explore a career in business management with a strong focus on accounting and finance, then US CMA might be a great option to choose. With management accounting, you could also expect to get promoted to higher management positions in the future and might even become the CFO of a company with the right amount of skill and experience. 

It is a great option to pursue after 12th grade

After completing your 12th grade, there are only a few professional courses that you can pursue, which include the US CMA course. While the US CMA certification requires you to have a bachelor’s degree, you are eligible for the exams after completing your grade 12 exam. Other globally recognised courses that you can pursue after 12th grade include ACCA, CA and FRM.

Work with some of the most reputed companies

There are numerous companies in India and across the world that are actively looking to hire US CMAs in management accounting positions. Not only can you work with accounting and finance companies like the Big 4 (KPMG, EY, PwC, and Deloitte), BDO, J. P. Morgan, Morgan Stanley and Blackstone, as well as commercial companies like Apple, Google, and Accenture.

a) There are two parts in the exam. Each part is 3 hours long for 100 multiple choice questions, representing 75% of the exam score. The second section is essay writing representing the remaining 25%. You will be given 30 minutes for each of the two essays. Total testing duration is 4 hours.
b) You must pass at least 50% of the first (i.e., multiple choice) section in order to advance to the essay questions. You can use any time remaining from the multiple-choice questions towards the essay portion.

Certified Management Accountants play an important role as advisors to top management. Their role includes but is not limited to:

• Act as trusted business advisors
• Support management decision making process
• Involved in strategic development initiatives
• Work “hands on” to add value in organizations
• Use broad-based business knowledge to improve company performance
  Pricing Decisions – Decide the right price for a product and further pricing strategies
• Cost Management – Analyse costs, reduce and manage costs,
• Set up standards for costs and analyse any variances,
• Planning, budgeting and forecasting
• Raising Capital – Assessing how to raise capital for a business, deciding between debt & equity; minimizing the cost of capital
• Investment Decisions – Analysing and ranking investment avenues (or projects) using Capital Budgeting techniques like NPV (Net Present Value), IRR (Internal Rate of Return), etc.
• Financial Analysis – Analyse the company’s profitability, activity, liquidity, solvency, debt coverage, etc.
• Internal Controls – Ensuring:
• Fair and accurate financial accounting & reporting,
• Compliance with laws & regulations.
• Effective & efficient business operations