The US CMA qualification prepares candidates with in-depth knowledge required to excel in various accounting and finance roles, providing them with a robust foundation for global opportunities and a successful career in the dynamic field of accounting. Once you become a certified CMA, many US CMA job options open up. These career options after US CMA include:
Financial Controller: For this role, you must know everything there is to know about finances. You will be looking after the financial lifeline of your department.
So, when you are a financial controller, you will need:
- Multi-tasking skills
- Analytical skills
- Communication skills
Your job profile will involve:
- Administrative tasks
- Conducting internal reviews/analyses
- Analyzing books of accounts
- Formulating financial strategies
- Average annual salary: INR 24.7 lakh
Chief Financial Officer: This is one of the highest posts in finance. A chief financial officer significantly influences an organisation, making it one of the most sought-after jobs. As a CFO, you will be responsible for how the company functions and performs financially. A chief financial officer with a CMA certification is an additional bonus, both to yourself and to your company. Average annual salary: INR 54.4 lakh
Cost Accountant: As a cost accountant, you are in charge of keeping track of an organization's finances in detail. This means you will be doing a margin analysis and noting all expenses. It helps if you are interested in data organization and have a solid grasp of business. This way, you can accurately analyze your company's current financial status. Also, you can make exact financial predictions and provide suitable suggestions. Average annual salary: INR 7.1 lakh
Treasurer: A treasurer manages the entire financial transactions of a company. You will monitor everything in the financial aspect of the business. This includes:
- Fundraising efforts
- Budget planning
- Record keeping
- Income management
- Financial reporting
- Outgoing funds
This essentially means you will be in full control of how your company's funds are managed. You have to ensure that all funds are spent appropriately, every receipt collected, and the money received is recorded properly. Average annual salary: INR 18 lakh As an internal auditor, you will analyze and examine financial documents and company records. It is your duty to inform the company's higher authorities about headwinds such as:
Internal Auditor: As an internal auditor, you will analyze and examine financial documents and company records. It is your duty to inform the company's higher authorities about headwinds such as:
- Potential Risks
- Compliance issues
- Data inaccuracies
- Fraud
Furthermore, it will be your role to look into all problems you come across in your official capacity. You are expected to put forth suggestions and suggest possible solutions. Average annual salary: Up to INR 11 lakh
Business Analyst: As a business analyst, your job is to evaluate how your firm is performing. This involves conducting research and analysis to be among the first to unearth any issues the company is facing. Your job is to help the company improve in terms of the systems and processes in place. All in all, you will be working with large data sets. Average annual salary: INR 9.6 lakh
Chief Executive Officer:
Job profile:
Manage the company's overall operations
Make strategic decisions
Ascertain the company's strategic direction.
A CEO is answerable to the company board of directors and investors. In essence, a CEO is the public face of their organisation. Average annual salary:INR 78.1 lakh
VP Finance: As the VP Finance or the Vice President of Finance of a company, you are among the highest authorities for monitoring all finances. This means that your job includes:
- Ensuring the company payroll is concluded on time
- Analyzing market trends
- Making financial forecasts
- Overseeing insurance coverage
- Establishing company budgets
- Monitoring the firm's cash flow
- Managing and coordinating investment plans
- Hiring and managing accountants
- Reviewing and approving all compliance filings
- Average annual salary: INR 49.7 lakh
Staff Accountant: As a staff accountant, your job will include ensuring that the company's finances are all on record. Your job profile includes:
- Filing tax returns
- Coding invoices
- Ensuring that all rules and regulations are followed
- Preparing balance sheets
- Keeping all financial records private
- Maintaining the general ledger
- Reconciling accounts
- Analyzing financial statements
- Maintaining the company's financial outlook
- Bookkeeping
Budget Analyst: The name itself is suggestive: As a budget analyst, your task is to analyse the budget of your business. You get unfettered access to all the finances of the company. Your role is to present reports and suggest steps forward to increase the profit of the business. The tasks that you will be undertaking on a routine basis include:
- Approving spending requests
- Analyzing the merit and authenticity of each expense
- Ensuring that the budget and expenses are aligned
- Estimating future financial needs of the company
All of these career options after US CMA will help you make a name for yourself in the challenging world of accounting.
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