There are many advantages to getting the CMA certification. Here are a few of them:
1. Professional Appeal
CMA USA is one of the top certifications in Finance and Management Accounting. They get the opportunity to work with business leaders because of their aptitude to make financial decisions for businesses. Being a CMA USA will fast-track your Finance career. After clearing your exams, you get the opportunity to be a Financial analyst, Financial controller, Finance manager, or even a Chief Financial Officer (CFO), etc. The CMA candidates get high pay packages at entry-level jobs as compared to their peers. The promotions are always high for CMA certified compared to Non-CMAs in MNCs and Big 4s.
2. Increased Knowledge
A CMA is a more specialised certification in the field of Finance. It helps you gain a deeper understanding of a company's Financial workings.
The knowledge gained will allow you to understand the intersection between accounting and financial management along with organisational goals. Your educational qualification, expertise, and practical aptitude in the field will allow you to work with the top leadership in the company.
3. Salary Benefit
The average income for CMAs is 28% higher in the U.S. compared to their non-certified peers. At the global level, CMAs make 62% more in median salary and 67% more in median total compensation than non-CMAs. Such trends show that the money spent on CMA certification can be easily earned back.
4. International Acclaim
A CMA USA certification not only results in high-paying roles but also has an international appeal. To get a reputable job in other countries, you need to get the best education, and CMA can be one of the best choices. A basic degree in India may not carry the same value in Europe, but a degree in CMA USA is recognized globally and has great value across the world.
US CMA vs CMA India:
Students trying to take up the Certified Management Accounting (CMA) may be confused about which of the CMA is the best one to pursue. Whether CMA USA or CMA India would help their career? We are here to help you make that all-important decision with an informed choice. The major difference between the CMA USA vs CMA India are :
Regulatory Body
The CMA USA is regulated by the Institute of Management Accounts in the US IMA, a forum for research, practice development, education, knowledge sharing, and the advocacy of ethics and best business practices in Management Accounting and Finances. CMA India is regulated by the Institute of Cost Accountants of India (ICWA) to promote, regulate, and develop the profession of cost accountancy.
Eligibility
A candidate has to be an undergraduate or 12th pass in CMA USA. Additionally, they need a two-year work experience in the field of Finance and Accounting domain to get the final CMA USA certification. The candidate has to score a minimum of 360 marks out of 500 individually in both parts. Aspirants from any background are eligible for CMA USA. In CMA India the candidate should be a 12th pass with 6 months of articleship. The candidate also has to score at least 40% for individual papers and 50% in aggregates of the Intermediate groups.
Duration
CMA USA is a short-duration course and can be completed in 6-9 months, whereas CMA India takes a minimum of 3 years to complete the course which is an ample amount of time.
