CMA USA During Articleship Worth It? Find Out Now

CMA USA During Articleship Worth It? Find Out Now

Any additional degree, certification, or experience in your portfolio (or resume) is always beneficial for getting a better job. That is especially true for important job roles like that of a cost accountant. Any mistake by an accountant can cost the company thousands or even millions of dollars. Hence, employers want to reduce the risk and always hire certified finance professionals with specific degrees in hand. An individual having a prestigious qualification like the CMA USA can be a great assurance to employers, as only the best ones acquire such tough qualifications. 

The Certified Management Accountant (CMA) designation is globally recognized for expertise in financial management and cost accounting. The Institute of Management Accountants (IMA) supports CMAs by offering resources in financial planning and management accounting.

Candidates pursuing CMA India must complete a three-year articleship, with at least six months before the Final exam. The US CMA requires two years of work experience and is highly valued by multinational companies, making it a strong addition for those currently pursuing a CA or CMA India.

The CMA USA provides career opportunities in taxation, corporate finance, and financial management, offering international exposure and a pathway to high-level managerial positions. Earning a CMA certification aligns with career goals in management accounting and enhances global job prospects.

Many individuals start preparing for the CMA (USA) along with their long CA or Indian CMA articleship. The Indian CMA article-ship duration needed to be a minimum of 3 years. Similar is the case with CA, which also requires 3 years of articleship. Three years is a long time; hence, it is always recommended to use this time to improve your skills in accounting while doing your articles. What can be better than starting prestigious certifications like CMA (USA) while pursuing your article program?

We at the NorthStar Academy have always tried to help the students achieve the CMA USA certification with our highly relevant and organized CMA USA course. You can always contact us for any guidance regarding the CMA US examination.

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Key Takeaways

  • CMA USA is preferred alongside the Articleship

  • US CMA Articleship Duration

  • the CMA Articleship eligibility and Exemption

Why is CMA USA being preferred alongside the Articleship?

Students and institutes alike prefer to do the CMA USA certification for the following reasons: 

  • The CMA USA is an internationally recognized certification. Hence, you can easily get a job overseas after completing this certification.
  • CMA USA offers a very in-depth course for candidates with an interest in managerial and cost accounting.
  • It also allows the candidates to explore many job opportunities in the finance sector other than accounting. These positions include Financial/Business Analyst, Auditing, Internal Control, Tax Management, and Indirect Tax, Systems Analyst & Systems Management, Fund Manager, Capital Market Analyst, Portfolio Analyst, and many more.
  • The CMA certification can help you get the job title of CFO (chief financial officer) in a company. Which is the peak position one can ask for in the finance sector?

What is the US CMA Articleship Duration 2022?

The candidates for the CMA USA do not have to go through any practical training or articles, but they are required to serve 2 years working in any relevant field of accounting to get the much-needed practical expertise in the field. The candidates can consider these 2 work years as an articleship experience; in this way, the US CMA article-ship duration will be 2 years. However, an actual article experience will not be entertained by the IMA (Institute of Management Accounting), the authority responsible for conducting the CMA USA certification exams. 

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Mastering the US CMA Exam

What is the CMA Articleship eligibility and Exemption?

You might already know that the CMA India certification is split into three stages: the foundation examination, the intermediate exam, and the final examination. Only candidates who have passed the intermediate exam are eligible to start their articles under the name of CMA India. The candidates have to complete at least 6 months of articles before they can take the CMA final examination. In total, 3 years of article are necessary to be completed for CMA certification.

There is no exemption from the articles for anyone. Every candidate must complete at least 3 years of articles to get the CMA certification.

However, the CMA USA certification does not count the articles (done under CA or CMA India) as actual work experience. Hence, the candidate for the US CMA still has to do two years of work (in accounting or any relevant sector) after passing the CMA examination to complete the CMA requirement of two years of mandatory work experience in the related field. 

After the candidates complete the CMA work requirement, they will be awarded the certification.

What is the minimum stipend for CMA Articleship?

In India, the minimum stipend for the CMA Articleship is non-existent. Sometimes, Articleship programs don't pay anything as a stipend, and other times a very small amount. One can expect a stipend of Rs 10,000 to Rs 15,0000 per month (maximum).

If you have decided to do the CMA USA course in addition to pursuing an Articleship under a different certification (CA or CMA India). You need to prepare yourself in advance for the challenging journey of achieving the CMA USA certification. The CMA USA examination is already a tough job to do, but managing to do it while pursuing the Articleship will be a much more demanding task. Seek proper guidance and coaching from NorthStar Academy (NSA) that can make this journey easier for you to follow. The top mentors at NSA, including M Irfat Sir will provide assistance at every step and aim to develop the necessary skills and expertise in students.

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Conclusion

Managing CMA USA preparation alongside the CMA India Articleship can be challenging, but the long-term benefits—confidence, field expertise, and job security—are worth it. In 3 to 4 years, you can build a successful career in management accounting with opportunities in multinational companies worldwide.

At NorthStar Academy, we provide top-tier CMA USA study material, including Gleim’s most trusted resources, along with expert CMA coaching to help you pass the CMA exams efficiently. Our bundle discounts make it easier to enroll in the CMA program and boost your career prospects in financial accounting and cost management.

Whether you're currently pursuing a BCom, CA Inter, or CMA Foundation, our guidance can help you succeed in the global job market. The CMA USA certification is recognized worldwide and enhances opportunities in finance and accounting.

For expert support on CMA prep courses, US CMA salary insights, and career guidance, feel free to contact us!

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Frequently Asked Questions

  • Is Articleship mandatory for CMA?

    • It is not mandatory to do articleship in the CMA USA, but it does require you to fulfill at least 2 years of working experience as an accounting professional.  The applicants can complete 2 years of work experience before, during, or after clearing the CMA US papers. The applicants normally start finding junior accounting jobs after they clear the 1st examination of the CMA US. 

      Articleship under other accounting certifications (CA, CMA India) isn't counted as work experience for CMA USA. For CMA India, a 3-year Articleship is required, or candidates can join the CMA New Practical Training Scheme if they lack work experience. CA Articleship or CMA USA work experience isn’t recognized for CMA India.

  • Can a CMA do Articleship in the Big 4?

    • Getting an Articleship in the Big 4 is tough—you must be exceptional. These firms handle large sums and need dedicated, responsible individuals. While assistant accountants help, only the best are chosen. An Articleship here offers valuable exposure, boosting career growth and job prospects.

  • What is the CMA Articleship duration?

    For CMA India, a 3-year Articleship is mandatory, with 6 months completed before the final exam. The rest can be done before, during, or after the exams. For CMA USA, no Articleship is required, but candidates need 2 years of relevant work experience for certification.

  • Is coaching required to clear the CMA(US) exam?

    The CMA US exam is one of the toughest in management accounting, with a pass rate below 40%. While coaching isn’t required, it’s recommended to improve success rates. Proper guidance boosts your chances, as seen with NSA coaching, which has an 83% pass rate.

  • What are the CMA Articleship eligibility criteria?

    The CMA India certification has three stages: Foundation, Intermediate, and Final. Candidates must pass the Foundation exam to register for the Intermediate exam. They can begin articles after registering for the Intermediate stage. Articles last three years, but at least six months must be completed before registering for the Final exam.

  • Why do the candidates have to go through Articleship for becoming a CMA?

    The CMA India Articleship provides practical experience in accounting, applying theoretical knowledge in areas like taxation, audits, and management accounting. Just as reading about swimming isn't enough without practice, articleship is essential for CMA training. Candidates must complete three years of articleship to earn CMA India credentials. Similarly, US CMA requires at least two years of work experience.

  • Are there any CMA Articleship exemptions?

    Currently, there are no exemptions from the CMA Articleship. Every candidate must complete three years to earn the CMA India certification. However, candidates can complete their articleship after passing the CMA Final exam, with only six months required before it.

  • What is the minimum stipend for CMA Articleship in India?

    There is no minimum stipend for the CMA Articleship in India. Let me tell you the hard truth: in India, the salary for students doing articles is very low or nothing. The Articleship in India, at most, gets you a stipend of Rs 10,000 to Rs 15,0000 per month (that's at most). Many candidates who are doing their articles don't get any remuneration for their work. 

  • what certification or courses can be done together with the Articleship in 2022?

    During the CA or CMA articleship, candidates can pursue additional certifications like US CMA, Certified Internal Auditor (CIA), Certified Information System Auditor (CISA), Chartered Financial Analyst (CFA), and Financial Risk Management (FRM).

    The CMA USA certification is highly valued in multinational companies and enhances career prospects in financial accounting and management accounting and financial management. Many CMA professionals pursue it alongside CMA India or CMA to gain expertise in audit, cost and management accounting, and financial planning.

    With CMA coaching, study material, and prep courses, candidates can prepare for the CMA USA exam while balancing work, making it ideal for working professionals and those currently pursuing BCom.