CMA (US) Certified Management Accountant

CMA (Certified Management Accountant) is a globally recognized management accounting credential offered by IMA (Institute of Management Accountants), US.

About CMA (US)

Founded in 1919, Institute of Management Accountant (IMA) is one of the largest and most respected association engrossed exclusively on advancing the management accounting profession; having its reach in more than 150 countries with 1,25,000+ members

The US CMA, course developed by IMA in 1972 is a globally recognised program, an advanced-level credential expropriate for accountants and financial professionals in business. Accomplish the US CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics skills that are in high demand by organisations around the world.

CMA-certified professionals work inside organizations of all sizes, industries, and types, including manufacturing and services, public and private enterprises, not-for-profit organizations, academic institutions, Government entities (USA), and multinational corporations worldwide. CMA has better Career in Management Accounting Globally than Cost Accountants of SAARC Countries.

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Why CMA (US)?

Only the CMA (US) program recognizes the eccentric proficiencies required for success in this challenging profession.
The business organizations or industries extend to a brighter world and a great range of significant opportunities than other normal job vacancies.
International acknowledgment is an exceptional advantage from this. You won't just have the option to achieve incredible evacuation development and involvement with your nation yet can likewise apply for top organizations in other nations as well.
Certification will confirm your proficiency in your chosen field and your dedication to personal and professional growth.
CMA-certified professionals work inside organizations of all sizes, industries, and types, including manufacturing and services, public and private enterprises, not-for-profit organizations, academic institutions, Government entipties (USA), and multinational corporations worldwide. CMA has better Career in Management Accounting Globally than Cost Accountants of SAARC Countries
To date, there are more than 40,000 active CMAs with more than 80,000 candidates in the current pipeline.[2] To obtain certification, candidates must pass a rigorous exam, meet an educational requirement, experience requirement, and exemplify a commitment to endless learning through continuing professional education (CPE).

COMPARISON

COURSE	DURATION	PASS RATE	ELIGIBILITY	ACCEPTANCE
MBA Finance(from 1 tier institutes)	2 Years	70% - 80%	After graduation through entrance exam	India/Global (Depends on the institute
Chartered Accountancy	5 Years	5% - 7%	10+2	India
CFA	3 Years	40% - 50%	Final year of Graduation	Global
FRM	2 Years	5% - 7%	10+2	India
ICAI (CMA INDIA)	5 Years	10% - 15%	10+2	India
CMA US	6 Months	45% - 50%	10+2	Global

CMA Course Structure

Part 1 – Financial Planning, Performance, and Analytics.	Part 2 – Strategic Financial Management
External financial reporting decisions (15%)	Financial statement analysis (20%)
Planning, budgeting and forecasting (20%)	Corporate finance (20%)
Performance management (20%)	Decision analysis (25%)
Cost management (15%)	Risk management (10%)
Internal controls (15%)	Investment decisions (10%)
Technology and Analytics (15%)	Professional ethics (15%)

The percentage in the above exam parts signifies the weightage of those topics in the exam. There is only one paper per level therefore you sit only 2 papers, however within the paper there will be for e.g. 15% worth of questions on External Financial Reporting at level 1.
Each exam part will consist of 100 multiple-choice questions and two essay questions.
The CMA examination is given in a computer-based format and is offered at Prometric Testing Centres in all major cities in India like Mumbai, Pune, and Delhi etc.
It takes minimum 6 months to complete the CMA course depending upon the candidate's dedication and focus. However, IMA provides duration of 3 years, from the date of registration, to complete the CMA course.
Exams are conducted for Part 1 and Part 2 in January/February, May/June, and September/October.
Training: 70 hours
14 weeks (1 day per week)
5 hours per day
Batch Commencing from 25th October 2020.

Eligibility

To become a CMA Member, there are certain requirements that need to be fulfilled.
- Bachelor's degree from an accredited university or professional accounting certification is required.
- Successful completion of parts 1 and 2 of the exam
- Membership of the Institute of Management Accountants (IMA).
- 2 years of work experience in management accounting or finance is required.
- To enrol for the program, students can start as early as post 12th exams so that they get the membership as soon as degree and work experience gained.

Why FPA?

FPA has a decade plus of expertise in providing Banking & Financial Services related trainings having trained 6,00,000+ professionals across 58 countries.
The founding partner of CMA program is a qualified Chartered Accountant./li>
All Faculties are CMA and CA certified qualified
All study material provided is approved by IMA.
Complete Hand-Holding support is provided until CMA exams cleared.
Multiple mode of teaching is available that is classroom coaching and online coaching.
100% Job placement assistance.
Complete assistance given in booking of Prometric centres for CMA course exams.
Huge concession is given if enrolled via FPA.
Weekend Classes.

FAQ

What is the scope of CMA (USA) in India?

CMA (US) being an internationally recognized qualification has a special importance in India. US CMA gives you the decisions making authority in an organization thus making a place for you among the leaders and business drivers.

How long does it take to clear the CMA (USA) exams?

The course can be completed in minimum 6 months. However, IMA provides a duration of 3 years, from the date of registration, to complete the CMA course.

Can I work and study CMA (USA)?

Yes, the CMA course is designed in a manner that student can sit for CMA papers at their convenience, which are conducted quarterly. Also, CMA classes are held on weekends giving the right flexibility to working professionals to balance their work and study.

What is the salary of a CMA (USA) in India?

The salaries depend on professional capabilities and are therefore subjective, however the average salaries CMA (USA) makes is between Rs 4 lakhs to Rs 10 lakhs as a fresh graduate.

What are the CMA (USA) course fees?

The average CMA (USA) course fees including the tuition fees and statutory body fees is approximately Rs 2,00,000*. FPA also facilitates Student loans; please connect with our counsellors for more information.
*The CMA (USA) exam fees changes from time to time, please contact FPA counsellor for more information.

Can CMA (USA) qualification help me go abroad?

CMA (USA) is a highest level of certification in management accounting that acts as a global passport for accountants and finance professionals. The credentials are awarded by IMA which has its reach in more than 150 countries. FPA has tie ups with agencies that can help you with this process too, connect with FPA counsellors for more information.

Can I take my CMA (USA) exams along with my graduations?

Yes, we suggest all the students to start the CMA (USA) course as early as just after your 12th exams so that you are a full-fledged Finance and Accounting professional by the time you are out of college.

What is the CMA (USA) exam pattern?

Each exam part will consist of 100 multiple-choice questions and two 30-minute essay questions of total 4 hours. You will have three hours to complete the multiple-choice section and one hour to complete the essays.

What kind of jobs do CMA (USA) get?

US CMA provides you Indian as well as international recognition and open doors to career opportunities as:

Financial Controller
Chief Financial Officer
Finance Manager
Financial Analyst
Financial Risk Manager
Cost Accountant

Which companies hire CMA (USA) in India?

All leading accounting firms like Earnest & Young, KPMG, Deloitte, PWC, etc. are always hiring CMA's in big numbers.
Similarly, MNC's like, Morgan Stanley, Accenture, Oracle, Amazon India, Wipro, L&T, HPE, BNY Mellon, Barclays Bank, Standard Chartered, etc. have a good presence of CMA students and members.

What is the passing percentage for CMA (USA)?

The average passing percentage for the CMA (USA) exam is 40-50%, however with FPA your chances of clearing these exams are a lot higher

Is there an internship requirement for CMA (USA)?

There is not internship requirement for appearing CMA (USA) exams. However, candidates wanting to take CMA (USA) membership must complete two continuous years of professional experience in management accounting and/or financial management. This requirement may be completed prior to or within seven years of passing the examination.

How often CMA (USA) exams are held and where?

Parts 1 and 2 of CMA (USA) are offered during the following three testing windows:

January/February
May/June
September/October

Registrations for Parts 1 and 2 will close after the 15th of February, June, and October.

How are CMA (USA) exams conducted?

The CMA examination is given in a computer-based format and is offered at Prometric Testing Centres located throughout the world. An up-to-date listing of all Prometric Testing Centres can be found at Prometric's website, www.prometric.com/ICMA. MCQs are online and graded real time. But essay questions evaluated offline.

Can Part 1 and Part 2 of CMA (USA) be appeared together?

Yes, Candidates can write both parts together and parts in any order. i.e. Part 2 first and then Part 1 or vice versa.

What study material is provided by FPA for CMA (USA)?

FPA is an approved partner with IMA and hence provides authorised publication Wiley.