Founded in 1919, Institute of Management Accountant (IMA) is one of the largest and most respected association focused 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 appropriate for accountants and financial professionals in business. Achieving 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.
With over 7,000 active members in India and 1,40,000 globally, CMA (USA) is the highest level of certification in management accounting that acts as a global passport for accountants and finance professionals.
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Only the CMA program recognizes the unique proficiencies required for success in this challenging profession.
The CMA course aligns with the knowledge, skills and abilities that an accountant or finance professional in business uses on the job today i.e. financial planning, analytics, control, and decision support.
CMA Certification will confirm your proficiency in your chosen field and your dedication to personal and professional growth.
All leading accounting firms like Ernst & 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.
The qualified CMA's work in the areas of financial planning, analysis and management decision making. Professional accountants, auditors, and financial analysts enrol in the course to enhance their career.
With 50% pass rate globally, 4,000 CMA's are granted each year on average.
The table below gives you a brief of the differences between CMA-USA, CMA-India and CIMA-UK courses.
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, 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, September/October.
To become a CMA Member, there are certain requirements that need to be fulfilled.
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.
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.
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.
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.
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.
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.
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
All leading accounting firms like Earnest & Young, KPMG, Deloitte, PWC, etc. are always hiring CMA's in big numbers.
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
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.
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.
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.
Yes, Candidates can write both parts together and parts in any order. i.e. Part 2 first and then Part 1 or vice versa.