Certified Management Accounting (USA)
Be a CMA (USA) in about 6-12 months
Fintram Global in association with Becker is bringing CMA (USA). Now you can become a CMA (USA) right here in India CMA course opens the door to a world full of exciting opportunities.FinTram Global is an organization primarily dedicated to Finance Learning and Related Areas. We are training providers for various Global finance-related Qualifications. We are focused on Innovative Learning solutions adopting modern technologies to provide the best user experience to students across the Globe. House of Professionally Qualified Faculties with various international Qualifications along with vast corporate experience to help and support our students with the industry perspective.
Aim to deliver Quality Education in the most Affordable and Flexible Format
The US CMA course or ‘Certified Management Accountant’ is an internationally recognised Management Accounting Course. The course is governed by the Institute of Management Accountants (IMA) – Headquartered in the US.
A US CMA qualification will ensure you are at the centre of an organisation, working with the management team on key strategic decisions through your expertise in the accounting, finance, and business domains.
It is one of the most valuable programmes in the finance sector. The US CMA course would be a great choice for someone who dreams of making it big in the Management Accounting field. In recent times, the Cost and Management Accounting Programme has become a quite popular choice amongst commerce students or those aspiring to enter the field.
Benefits of Doing US CMA Course
Increased earning potential
CMAs typically earn higher salaries and have more opportunities for advancement than non-certified professionals
Recognition and credibility
CMA certification demonstrates to employers and colleagues that an individual has a strong understanding of management accounting and finance principles and is committed to ongoing professional development
Global recognition
The CMA is recognized globally, which can open up international job opportunities for certified professionals
Professional development
The CMA exam covers a wide range of topics, such as financial analysis, planning and control, and decision-making, which can help professionals develop a broad range of skills and knowledge.
Networking opportunities
As a CMA, you will be part of a global community of professionals and can take advantage of networking opportunities through the Institute of Management Accountants (IMA).
US CMA Course Eligibility
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Active membership with the Institute of Management Accountants (IMA)
Active membership with the IMA grants you access to work towards the CMA certification. Once you’re a member, you can track your CMA Exam score and access your certificate online. IMA membership also offers networking opportunities through its local chapters.
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Education
You can meet the CMA education requirement with a bachelor’s degree from an accredited college or university or with certain professional certifications. CMA candidates must submit verification of education to the IMA within seven years of completing the CMA Exam in order to earn certification.
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Experience
To meet CMA Exam requirements, you must complete two continuous years of professional experience in management accounting or financial management. This requirement can be met before or within seven years of passing the CMA Exam. Internships and nontechnical positions do not meet the experience requirement, but the IMA shares a full list of qualifying roles in the CMA handbook.
US CMA CURRICULUM
The exam comes in two parts. Candidates can attempt any part in any order at their convenience.
- Part 1: Financial Planning, Performance, and Analytics
- Part 2: Strategic Financial Management
PART 1 - FINANCIAL PLANNING, PERFORMANCE, AND ANALYTICS
US CMA Part 1 – Estimated Study Time
| S. No | Topic | Marks Weightage |
| 1 | External Financial Reporting Decisions | 15% |
| 2 | Planning, Budgeting and Forecasting | 20% |
| 3 | Performance Management | 20% |
| 4 | Cost Management | 15% |
| 5 | Internal Controls | 15% |
| 6 | Technology and Analytics | 15% |
| Total | 100% |
Duration and Question Pattern: 4 hours – 100 multiple-choice questions and two 30-minute essays
PART 2 - STRATEGIC FINANCIAL MANAGEMENT
US CMA Part 2 – Estimated Study Time
| S. No | Topic | Marks Weightage |
| 1 | Financial Statement Analysis | 20% |
| 2 | Corporate Finance | 20% |
| 3 | Business Decision Analysis | 25% |
| 4 | Enterprise Risk Management | 10% |
| 5 | Capital Investment Decisions | 10% |
| 6 | Professional Ethics | 15% |
| Total | 100% |
Duration and Question Pattern: 4 hours – 100 multiple-choice questions and two 30-minute essays
The US CMA examination pattern consists of Multiple-Choice Questions (MCQs) as well as Essay type questions. Part 1 and Part 2 are four–hour tests containing about 100 MCQs and 2 essay questions. Aspirants will be granted 3 hours to finish the MCQs and 1 hour to complete the Essay type questions.
- 75% of the Examination consists of MCQs (Multiple Choice Questions)
- 25% of the Examination consists of Essay Questions
US CMA exams are graded for 500 points, and an aspirant must score a minimum of 360 to qualify for the exams. Both parts follow the same pattern.
JOBS AND PLACEMENT AFTER CMA COURSE
The US CMA certification is well recognized by all the MNCs, Big 4 audit firms, US Banks, Consulting firms and other BFSI companies having offices in India. This certification from IMA® (Institute of Management Accountants) is considered to be on par with the Indian CMA by most employers. Including those who value the CMA India qualification.
The US CMA is an Advanced Professional Certification specifically designed to measure critical Accounting, Financial, and Management Skills. Job profiles may vary according to the Industry, Company and their Requirements, and your Level of Experience.
After completing CMA(US) you get the following job roles –
| Job Profile | Salary in INR (Approx) |
| Finance Manager | 1400000 |
| Senior Analyst | 750000 |
| Budget Analyst | 1200000 |
| Finance Controller | 1900000 |
| Internal Auditor | 300000 to 800000 |
| Financial Analyst | 500000 |
| Cost Accountant | 500000 to 600000 |
| Management Trainee | 670000 |
US CMA Course Fees
The US CMA course fees for both professional and student/academic members, provided by the Institute of Management Accountants (IMA):
| Contents | Professional Members | Student Category (UG/PG) |
| Entrance Fee | INR 25,000 ($300) | INR 19,000 ($225) |
| Exam Fee | INR 42,000 ($495) per part | INR 31,000 ($370) per part |
| Membership Fee | INR 25,000 ($295) | INR 13,000 ($147) |
Details:
Entrance Fee: This charge covers the value of making use of the US CMA certification. Professional participants pay INR 25,000 ($300), at the same time as students benefit from a discounted charge of INR 19,000 ($225).
Exam Fee: Each part of the US CMA examination has its price. For professional members, the price is INR 42,000 ($495) in line per part, whereas students pay INR 31,000 ($370) per part.
Membership Fee: The club fee consists of diverse advantages along with access to IMA resources and networking opportunities. Professional individuals are charged INR 25,000 ($295), at the same time as scholars pay a decreased price of INR($147) or INR 13,000
US CMA VS CMA INDIA
| Key Point | US CMA | CMA India |
| Competent Body | Institute of Management Accountants | Institute of Cost Accountants of India |
| Duration | 1 year | 3 year |
| Prerequisites | Graduate + Work Experience | 10+2 pass |
| Exam Structure | 2 Parts (1 level) | 3 Levels – 20 Papers |
| Articleship | N/A | 6 Months |
FAQ
Can a student write US CMA exam in India ?
Yes, students can give US CMA exams in India also.
What do you mean by US CMA?
The US CMA is an advanced professional certification specifically designed to measure critical accounting and financial management skills.
Is US CMA Course Valid In India?
Yes, It is Valid in India and also recognised in 170+ Countries.
Can Working Professionals Join The US CMA Course?
Yes. Working professionals can join the US CMA course and complete the qualification. The eligibility includes:
- Bachelor’s degree in any subject. Students who are pursuing their bachelor’s are eligible to take the CMA exams.
- Two years of professional experience in accounting or finance.
- Once someone passes both papers he/she gets 7 years to meet the above experience requirements.
Can a student do US CMA along with B.Sc and BBA ?
Yes, candidates can do US CMA after clearing their 12th class exams, and while pursuing graduation as well.
What is CMA certification Fees?
For students:
IMA Membership – $147
CMA Entrance – $225
Exam fees- $370 per part
For Professional members:
IMA Membership – $295
CMA Entrance – $300
Exam Fees- $495 per part
The coaching fees would vary from institute to institute.
This Fee is Excluding 18% GST and Discounts.
What Jobs can I Get After US CMA Qualification?
US CMA Professionals often become experts in the field of accounting and finance departments of an organisation.
CMA professionals can find employment opportunities across a wide range of industries including:
- Finance, insurance, and banking
- Manufacturing, construction, and mining
- Communication, transportation, and utility services
- Real estate, mining, and education
- Health and medical services
- Government and not-for-profit
What is the CMA Exam?
The CMA Exam includes two parts -Financial Planning, Performance and Analytics and Strategic Financial Management. Both parts include 100 multiple-choice CMA Exam questions and two 30-minute essays. The essay section includes 10-12 written responses or calculation questions based on typical business scenarios.
What is the duration of the exam ?
There are two parts to the exam. Each part is 3 hours long for 100 multiple choice questions, and you will be given 30 minutes each for the two essays. The total testing duration is 4 hours per part.
How will US CMA benefit Indian candidates ?
There are only 2 exam papers and the duration of the course is also short. One can quickly attain this certification which is recognised globally.
Benefits of doing US CMA ?
- Better Career opportunities
- Global working opportunities
- Can be completed quickly
- Highly valued
- Expect good salary packages
Can I get a job after US CMA ?
Yes, this certification is valued and recognised globally with many MNC’s and Big 4’s hiring the US CMA qualified candidates.
What is CMA Salary in India ?
As a fresher, the salary ranges from, on average between Rs.6 to 8 lakhs per annum and will gradually increase over time with experience.
Which is better US CMA or CMA India ?
Both the courses have their own value. However, US CMA is recognised globally and the duration of completing the course is also less than CMA India. The pass percentage of US CMA is higher than CMA India.
Is CMA equal to CA ?
Both are accounting courses, however CA is based on financial accounting, Indian accounting standards, tax and other accounting concepts but CMA is based on managerial accounting.
Is CMA harder than CA ?
CMA is a valued and highly esteemed course however, it is easier than CA.
Which Is Better For Indian Jobs US CMA Or CMA India?
One of the main reasons that US CMA is seen as a better option is that it takes less time to complete. A candidate can complete the US CMA course within 6 months to one year, whereas, it takes a candidate minimum of 3 years to complete CMA India.