What Can Be Accomplished With a Certified Management Accountant Certification in 2024 : CMA Career Guide Sections Covered What Can You Do With CMA Certification? What are the CMA Certification Requirements? What is the pattern of the CMA Certification Exam? What is the CMA Certification Cost? What are the Career Opportunities & Compensations? Wrapping Up Schedule a call To become a CMA, individuals must fulfill specific requirements, including passing the CMA exams and gaining relevant work experience. CMAs are professionals who hold the CMA designation, which signifies advanced proficiency in financial and accounting functions. The CMA designation is recognized globally and is highly respected in the fields of accounting and finance. Obtaining the CMA certification can enhance your expertise in financial and accounting functions, positioning you for advanced career opportunities. Key Takeaways Career Paths for CMA Professionals The most common Career Opportunities after the CMA certification Acknowledging Your Skills as a Certified Management Accountant What Can You Do With CMA Certification? You must have heard about the CMA as a career option for those who are interested in the Accounting and Financial field. Becoming a member of the Institute of Management Accountants and taking the top CMA USA course to acquire the IMAs CMA certification is a highly desirable aspect for many accounting professionals. Being a Certified Management Accountant (CMA USA) is a buffer to your resume. Learning to network and being eager to join the CMA is not an easy task. It takes a lot, as the course offers a comprehensive choice. Are you looking for CMA jobs in India? There are many types of certified management accounting careers, like Chief Financial Officer, Corporate Controller, etc., leading to endless CMA jobs in India that can offer wonderful career prospects. Let us explore some of the careers after you have gained the CMA certification Online Acknowledging Your Skills as a Certified Management AccountantAfter you have acquired certification by clearing the examination, you will be open to highly diverse CMA career opportunities. Many exciting and new CMA jobs in India are available for CMA-certified professionals. The CMA full form is Certified Management Accountant, and IMA is the top accreditation body that issues the CMA certification for individuals.Let us explore what the job of a certified management accountant is and why choosing a CMA certification is important. After the tough CMA certification exam, you will be able to use the required skills like decision-making, planning, and performance management. Later, you can apply for the trending CMA jobs in India These are the three most important skills that will help you provide professional advice and reporting. The financial strategies to benefit an enterprise are drafted by a certified management accountant. They work and create to implement such strategies. What are the CMA Certification Requirements? You are eligible for the CMA certification after the completion of PUC or 10+2. A graduation degree is also required, along with 2 years of work experience. This will be compiled with the 7-year passing date of the CMA. You need to be a member of IMA and satisfy their experience qualifications as well. Lastly, comply with their IMA Statement of Ethical Professional Practice. What is the pattern of the CMA Certification Exam? You have to clear the CMA Exam, which happens in two parts. You get 4 hours for each exam part, and they can be attempted separately on different days.Part 1: It consists of questions that are related to the topics, including Analytics, Performance, and Financial Planning.Part 2 consists of questions on the topic of strategic financial management.Both parts contain 100 MCQs (3 hours allotted) and two subjective-type questions (30 minutes for both essay questions). The candidates have to obtain 360 marks out of a total aggregate of 500 marks to crack the CMA examination.After acquiring the CMA certification, you will be responsible for:Planning, Strategizing, and PerformingThe certified CMA professionals after CMA certification will guide decisions, manage risk, and validate performances in the company. They plan, strategize, and perform according to the input and output graphs of the company. They need to be good observers to plan strategies to implement. Control and Report The Certified Management Accountant will measure the company's performance. These performances will be analyzed against the regulations and standards. Your findings will be reported, analyzed, and acted upon.Technology and Analysis The CMA certification will also enhance and improve the success rate of the organization by using technology and other analytical data. These interpretations can help them build a better scope for the company and give you good CMA jobs in India.Operations and Business AcumenAs a CMA or Certified Management Accountant, you have to function across the arenas. This will improve organization-wide operations.Leadership This CMA Certification course will also make you a leader. The leadership qualities of professionals can help them lead teams. The teams are guided to achieve better results and goals for the company. You can always find myriads of comprehensive CMA jobs in India that need these skills.Professional Values and EthicsA professional attitude is always appreciated. This is also expected from the CMA-certified professional. To work with integrity, ethics, and legal compliance are important. It will demonstrate an ethical and professional outlook. What is the CMA Certification Cost? The following table represents the CMA certification course cost in India-CMA Fee TypeCMA Fee AmountCMA Certification Course FeeThe CMA course fee (for the Student Category is $1035 (3 years)CMA course fee (for Professionals) is $1475 (1 year)CMA certification Career Paths for CMA Professionals If you are looking for better future opportunities, polish your professional skills, and want to earn better, opt for the CMA certification course. It will provide you with advancement and growth in your career as well as enhance your job security. Many accounting jobs are getting replaced by artificial intelligence but CMA USA certification is one of those prospects that are evergreen.The most common Career Opportunities after the CMA certification are:Financial Analyst Management Accountant Corporate ControllerCost Accountant Accounting ManagerSenior Accountant CFO or the Chief Financial Officer Let us explore some of these CMA professional areas.Management Accountant If you have a passion for planning and strategizing to manage, you can go to a management accountant. You have to plan the budget and strategize the company's next moves for a better financial future. Financial Analyst If you have a passion for finances and studying market trends is your hobby, a financial analyst is for you. You have to pay attention to the financial conditions of the company and the potential investments for the future. As the analyst, you can advise the people on how to split stock and move ahead. Research about finances and analysis is important. This information will help to grow the business in a profitable, stable, liquid, and solvent environment. Cost Accountant Each cost is analyzed by the cost accountants. They have to record and analyze the expenses and identify the loss of the company. To improve financial management, cost accountants are hired to prepare a risk management chart. Accounting Manager Data collected from the other accountants is developed and maintained by an accounting manager. All the procedures and accounting systems are well maintained by professionals. They have to go through the daily operations and analyze and monitor the data. Corporate Controller Duties like billing accounts payable, receivable, and budgeting are controlled and seen by a corporate controller. They have to prepare the annual budget as well as internal and external financial statements. All the current accounting operations with the external auditors and coordinating activities are also handled by a corporate controller. Large companies require a corporate controller.Chief Financial Officer The CFO is the right hand of the CEO, who will oversee everything. He will make sure the financial reporting, forecasting of the company's investments, and other business decisions are taken appropriately. They will track the cash flow, analyze the financial strengths and weaknesses, and prepare the risk management strategies accordingly.Promotion in the CMA jobs in IndiaIt takes a lot of dedication and study to clear the CMA exam and launch your career. As you become the CMA expert, your expectations to get promoted also press.These are some of the ways you can make sure about the promotion. Let's explore! Social Media ProfileSocial media is one of the most in-demand platforms today. People showcase their talent and professional work online. One of the most used professional social media networking websites is LinkedIn. If you want to establish yourself as a newcomer or relaunch, build your LinkedIn profile. It is one of the most popular platforms where there are a lot of professional audiences. You can write articles, go with hashtags, direct messages, or connect with people around the network to make sure you are on the map. It just takes a few minutes and a little effort to set unlimited professional opportunities.Resume UpdatesNew roles, work profiles, accomplishments, projects, internships, or even professional training or some of the merits spots should be mentioned on the resume or CV.Networking It is important to network with peers, superiors, and colleagues as we live in a fast-paced digital world. Just have a virtual event or attend a webinar and you are all set to network. Making connections can impact your future and provide you with endless future opportunities. Advocate yourself A good amount of salary with a bonus structure is offered to the newly certified CMA. This should not stop you from asking for a race or negotiating your contract. You can ask for better opportunities ahead because your job demands it. What are the Career Opportunities & Compensations? As the CMA USA expert, you will be welcomed comprehensively across multinational corporations, government agencies, academic institutions, to private businesses. According to the statistics, 30% of the CMA work in manufacturing. The remaining 70% are divided into the following categories:(Source: IMA US Salary Survey 2021)7% Wholesale and Retail Trade8% Education3% Transportation, Communications, and Utility Services3% Contract Construction2% Agriculture, Forestry, and Fisheries3% Government8% Medical/Health Services4% Information Technology9% Finance, Insurance, and Real Estate7% Other Services3% Public Accounting12% NonclassifiableCareer Opportunities & Compensations The chart describes the 2021 IMA salary survey. CMA are the big owners and can influence the following industries:. Source of the image: IMAnet.org Wrapping Up As the article described, there are endless opportunities after the CMA certification. CMA jobs in India can help you make your future and career exciting. Whether you want to become the CFO of a big company or get involved in the cost accounting department, there are endless opportunities. To make the most of your career, choose according to your passion and complete the CMA certification requirements. You can get the best CMA certification course at a reasonable cost in India from NorthStar Academy. Register for our certification course and welcome endless future opportunities with our best-organized and comprehensive courses, along with top mentors like Irfat Sir. If you have any questions, you can always contact us. Frequently Asked Questions Is CMA a good career option in India? Yes, CMA is a good career option in India. As we read in the article, there are endless opportunities that can help you make a better future ahead. The benefits of pursuing the CMA certification include appraisals, job dependability, and personal recognition in a large organization. You can also become the CFO of the company and discover endless future opportunities. In India, there is a sustained demand for trained, qualified, and experienced cost accountants for the government and private sectors. Is CMA in demand in India? Yes, CMA is one of the in-demand certification courses in India. As artificial intelligence is taking over all the accounting and related responsibilities, there is sustainable growth and demand for trained, experienced, and qualified cost accountants in the private and government sectors. To work in multinational companies, the government sector, private enterprise, developmental agencies, banking, financial sector, education, and training sectors, opting for other CMA certifications can help. You will have stable career growth with good pay and brighter future opportunities. What is the Scope of CMA in India? The scope of CMA in India is bright. As many big organizations and multinational companies are looking for qualified accountants who can manage comprehensive tasks, CMA-certified professionals are getting hired. You can work in the public and private sectors as the chairman or MD (Managing Director), marketing manager, financial controller, finance director, cost controller, chief financial officer, and chief internal auditor. You can also see the list of CMA jobs in India online. Does CMA have job opportunities? Yes, CMA has comprehensive job opportunities. You can also search for CMA jobs in India online and will be offered a list of different sectors like financial controller, chief financial officer, cost accountant, relationship manager, financial analyst, and management accountant, among others. It is a working job that has sustainable future growth.
