About CMA (USA)

  • 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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Why CMA?

  • Only the CMA program recognizes the unique proficiencies required for success in this challenging profession.

  • The CMA exam 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.

  • 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.

CMA-India v/s CIMA-UK v/s CMA-USA

The table below gives you a brief of the differences between CMA-USA, CMA-India and CIMA-UK courses.

Details CMA - India CIMA - UK CMA - USA
Offered by Institute of Cost Accountant of India, (ICAI) Chartered Institute of Management Accountant (CIMA), UK Institute of Management Accountant (IMA), North America
Recognition Only in India England and Commonwealth countries In more than 150 countries
Course Tenure 3 years 3 years 6 months
Course Expense INR 1,20,000 (approx.) INR 2,30,000 (approx.) INR 2,00,000 (approx.)
Papers 3 levels with 20 papers in total 5 levels with 16 papers in total 2 levels with 12 papers in total

CMA Course Structure

Part 1: Financial Planning, Performance, and Analytics Part 2: Strategic Financial Management
15% External Financial Reporting Decisions 20% Financial Statement Analysis
20% Planning, Budgeting, and Forecasting 20% Corporate Finance
20% Performance Management 25% Decision Analysis
15% Cost Management 10% Risk Management
15% Internal Controls 10% Investment Decisions
15% Technology and Analytics 15% Professional Ethics
  • 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.

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.
    • Membership of the Institute of Management Accountants (IMA).
    • Successful completion of parts 1 and 2 of the exam
    • 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 is a qualified Chartered Accountant.
  • All trainers are CMA and CA certified professionals.
  • Authorized CMA course Books & Test Papers.
  • Comprehensive support until CMA exams cleared.
  • Classroom and online coaching.
  • 100% Job placement support.
  • Assistance in booking Prometric centres for CMA course exams.
  • Other benefits and discounts available when enrolled through FPA due to approved partnership.
  • Weekend Classes.

FAQ

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.

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.

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.

The exact fees structure is:

IMA Membership fee for Students : $39
Entrance Fee (Valid for three years) : $188
Exam fee : $311 (Per part)
Total : $849 (Within a year)
IMA Membership fee for Professional : $230
Application fee : $15
Entrance Fee (Valid for three years) : $250
Exam fee : $415 (Per part)
Total : $1325 (Within a year)

(If registration done through FPA, total fees for professionals would be $ 860, FPA being Gold Partner of IMA)
FPA coaching fees including study material will be around INR 1,00,000/- for both levels.

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.

  • 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 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.

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