Best CMA course in Sikkim: Can I do a US CMA course? A Brief Overview

Not only freshers or students (commerce stream) but also working professionals, who are stuck in a company without job promotion or pay increase, usually search for a professional course that can enhance their career prospects. Moreover, many of these individuals are looking to move abroad to relish better job opportunities and lucrative options.

All these things are covered by a single solution - CMA USA professional certification.

You can acquire the CMA USA certificate to boost your prospects of moving forward in the same or a new company abroad. Without having to leave the country or take a job overseas, you can obtain the US CMA certification from any part of India with the help of a top US CMA course. 

The requirements for the exam are straightforward if you live in Sikkim: all you need is a Bachelor's degree from an approved institution or university and two years of experience in any relevant field, both of which you can acquire anywhere in the world. You can join any good training partner and complete your US CMA Course in Sikkim.

This article will go through all the factors you must consider to obtain the CMA USA certification in Sikkim. But first, let's go over the key highlights of CMA USA in India.

CMA USA - A Brief Overview

The CMA (Certified Management Accountant) credential has been the global standard for management accountants and financial professionals for the past 50 years. US Certified Management Accountant (CMA) credential is accredited globally by the Institute of Management Accountants (IMA). Earning the CMA USA indicates your professional ability in areas such as Financial Planning, Analysis, Cost Control, Decision Support, and Professional Ethics, which are in high demand by businesses worldwide. 

Why get a US CMA certificate?

• International Credibility with membership in IMA, recognized internationally, and the highest degree in management accounting available in the US.
• Opportunities in the accounting and finance industries are expanding globally, with better salaries and future prospects.
• Strong financial management and management accounting knowledge base.
• A global viewpoint combined with improved confidence and expertise.
• Access to the corporate world is made possible by the CMA USA certification.
• US CMAs earn more money than non-CMAs since they are better qualified to hold managerial roles.

Below is all the information you need to know if you want to enroll in a CMA course in Sikkim.

What is the Eligibility of the CMA USA Certification Exam?

The CMA program allows you to work at your own pace. You can obtain the CMA USA certification in as little as 6-9 months or over the course of three years. The CMA USA program is a time-efficient and cost-effective investment for busy professionals. 

Eligibility Criteria for pursuing CMA USA:

• IMA members can only apply for the CMA USA accreditation.
• Bachelor's degree from an accredited university/college in any field.
• A minimum of two years of working experience in Management Accounting or Financial Management is required. This prerequisite can be fulfilled before or within seven years of passing the exam.
• Abide by the IMA's Statement of Ethical Professional Practice

Note: It is also possible to enroll in the CMA course if the student has completed their 10+2 level of study. But before they may claim their certification, they must get a bachelor's degree and two years of relevant job experience (excluding) within seven years of passing the CMA USA test.

What is the Syllabus for CMA USA Exam?

The CMA USA program is a three-year program focusing on management accounting details. However, depending on his ability, a candidate can complete this course in six months.

The study focuses mostly on two parts of the CMA Exam and 12 subjects.

Part 1- Financial Planning, Performance, and Analytics

• External Financial Reporting Decisions (15%) 
• Planning, Budgeting, and Forecasting (20%)
• Performance Management (20%) 
• Cost Management (15%) 
• Internal Controls (15%)
• Technology and Analytics (15%)

 

Part 2- Strategic Financial Management

• Financial Statement Analysis (20%) 
• Corporate Finance (20%)
• Decision Analysis (25%) 
• Risk Management (10%)
• Investment Decisions (10%)
• Professional Ethics (15%)

Candidates can join coaching for the CMA course in Sikkim to start their exam preparation and boost their passing chances.

What is the CMA USA course Fee?

The CMA USA coaching fee can be divided into three parts IMA membership fees, IMA Entrance fees, and Exam Fees.

Students must pay approximately 10,800 rupees ($135) to obtain an IMA membership, and working professionals must pay approximately 20,800 rupees ($260). This membership is valid for three years for students and one year for professionals, after which you must pay a membership fee each year to maintain your certification. Each CMA exam costs 27,600 rupees ($345) for students and 36,800 rupees ($460) for working professionals. Moreover, students must pay 16,800 rupees ($210), and working professionals pay 24,800 rupees ($280) in registration fees for CMA USA.

Registration Fee - You must enroll in the CMA course in Sikkim after joining the IMA. You must pay this one-time fee at the beginning of your CMA USA journey, but keep in mind that you only have three years to complete the required certification. You will need to reapply for the CMA course if you don't pass the CMA exam in those three years.

The below table shows the fee structure:

Particulars	For Students (in USD)	For Professional (in USD)
Fees for membership of the IMA	$135(3 years)	$260(1 year)
CMA entrance fees	$210	$280
Part 1 Exam	$345	$460
Part 2 Exam	$345	$460
Total	$1035	$1460

 

Job Opportunities After US CMA Course in Sikkim

A CMA USA is a professional credential demonstrating important accounting and management skills. A CMA holder does not have much trouble finding a well-paying job because of the high demand for professionals with this qualification and because it is recognized internationally.

Here are several opportunities for US CMA certified:

Senior Accountant - A senior accountant's tasks include reviewing transactions, generating complex account reconciliations, resolving reconciliation issues, preparing accounting statements and reports, and so on. They monitor the company's internal controls and make recommendations to improve them.

Budget Analyst - A budget analyst, as the title suggests, is in charge of controlling the company's entire budget. They monitor cash flows and delve further into the management operations of the organization. They also review the budget and create future goals based on historical data and estimates.

Finance Manager -A finance manager is in charge of producing financial reports for the organization. They monitor and record financial data and offer ideas to increase revenue. They oversee all financial operations, maintain balance sheets, and manage the risks of financial loss. One of the best career possibilities after the CMA course in Sikkim is that of a financial manager.

Financial Controller - A financial controller is in charge of documenting accounting policies and procedures. They are in charge of completing the production of periodic financial reports and ensuring that the results adhere to accounting norms. A finance controller is responsible for creating annual budgets and highlighting market trends.

Internal Auditor - An internal auditor is a specialist in charge of reviewing a firm's business operations and financial activities. An internal audit allows the organization to establish whether its internal controls are appropriate and whether its staff is functioning in accordance with their responsibilities.

What is the CMA USA Salary?

In job marketplaces all across the world, CMA USA certification is a highly prized credential. Employers are constantly looking for applicants with the CMA USA included on their resumes. In a large corporation, financial and management accountants have a lot of responsibilities. As a result, employers prefer candidates with the US CMA certification to fill such crucial roles because the certification demonstrates the candidate's proficiency in managerial accounting.

US CMA-certified professionals earn more money than non-CMA-certified accountancy professionals due to the strong demand for the CMA USA certification and the knowledge it confers. Accounting and finance professionals with the CMA USA certification can make up to 58% more money on average than their non-certified peers. Yes, a significant pay increase makes the time and effort needed to earn the CMA USA certification worthwhile. A CMA USA holder can expect to make between Rs. 5 lakhs and Rs. 6.5 lakhs annually as a fresh graduate in India.

Important Facts About CMA USA Certification

• IMA members are eligible to apply for US CMA membership.
• Candidates who already hold US CMA certifications and want to work in India can apply for ICAI membership after completing the program abroad.
• Compared to other countries, IMA members and US CMAs in India work 46 hours a week. CMA USA in India can get high-paying jobs with the Big 4s and other big multinational corporations.
•  
• According to the IMA Global Survey results, In India, candidates who have earned their US CMA certification tend to earn more than those who have not.
• Candidates for the CMA USA program in Africa, the Middle East, and India are required to hold a bachelor's degree and related work experience.
• Asia is experiencing exponential growth in CMA USA certification compared to the US.

So, these are some of the most important facts about CMA USA. Let us now look at why we should think about doing CMA.

Conclusion

The CMA USA certification and course fees appear to be costly, but when considering the benefits of this certification, the investment is undeniably worthwhile. Obtaining US CMA certification would provide you access to more lucrative job options in India and abroad. So, CMA USA will be one of your most significant career boosters if you have decided to pursue a profession in accounting and financial management.

After reading the article above, you know all the information about the US CMA Course in Sikkim. Northstar Academy (NSA) is the best CMA USA coaching in Sikkim and one of the few institutes that are official partners of the IMA. So, when you join NSA, you will also receive various Bundle discounts on the IMA exam fee. Candidates can access unique study materials and pre-recorded sessions to help them prepare for the exam. The best mentors and instructors assist applicants in clarifying their worries. Candidates can also sign up for two days and receive a complimentary demo class.

So don't put it off any longer; join the thousands of successful CMA USA candidates enrolling in a CMA course in Sikkim at NorthStar Academy now!