Why Choosing CMA USA certification is Best for Students and Professionals in 2024

Earning the Certified Management Accountant (CMA) credential, whether through CMA India or CMA US, can significantly enhance career opportunities in accounting and finance, potentially leading to salaries in the lakhs per annum.

Key Takeaways

• Why CMA USA Best in India

• How to become a CMA USA in India

• CMA USA Duration

US CMA certification in India

USA CMA is global accounting certification in the world. It has increasingly become the career choice for bright, young professionals because of its perks and benefits. CMA is the perfect fit for you if you are still deciding on your career and are interested in finance and management accounting, staying on top of market trends, or even working for global companies. The Institute of Management Accountants (IMA) offers the CMA Certification in more than 140 countries. Aspirants worldwide can pursue US CMA through NorthStar Academy - IMA's official gold partner. NorthStar Academy's comprehensive CMA program is the best shot for you to clear your exams in one go, and it will be the smartest choice that you will ever make.

How to become a CMA USA in India?

To complete this certification, you have to first become a member of the IMA and then clear two examinations. The eligibility criteria for writing the exam, you need a bachelor's degree from an accredited college along with two years of work experience in financial management.

What is the format for US CMA Exam?

USA CMA is a computerized exam with 100 multiple-choice questions and 2 essay questions to be completed within 4 hours. The testing windows are available in January/February, May/June, and September/October.

The USA CMA exam includes two parts

CMA part-1 consists of External financial reporting decisions, planning, budgeting and forecasting, performance management, cost management, internal controls, technology, and analytics. CMA part-2 consists of financial statement analysis, corporate finance, decision analysis, risk management, investment decision, and personal ethics. Each part consists of 6 sections. To gain the CMA certification, one needs to score a minimum of 360/500 in both papers.

Where can I take the USA CMA exam?

Prometric Testing Centers administer the USA CMA exam. There are 10 test centers in India in the following locations:

• Ahmedabad
• Allahabad
• Bangalore
• Chennai
• Gurgaon
• Hyderabad
• Kolkata
• Mumbai
• Trivandrum
• Kochi

Now one can take up USA CMA exams in comfort at home -USA CMA Remote exams

What is the duration for pursuing CMA USA?

Depending upon your plan, you can complete the CMA USA program within 6-12 months. However, please note that the exam must be cleared three years from registration.

How to pass the USA CMA exam?

It is easy to clear the USA CMA exam, with a global passing rate of about 50%. However, to clear your exams in one go, it is essential to be clear with one's basic knowledge and be confident about writing the exam. Through NorthStar Academy's course, you will be able to build your foundations and prepare for the exams through mock tests. With hard work, effort, and the guidance of the distinguished faculty, you will definitely be able to clear your USA CMA exams on the first go!

Advantages of USA CMA from NorthStar Academy

Experienced Faculty

You get to learn from the God of Costing, M. Irfat who has been awarded several accolades for his expertise and mentorship. Over 15,000 students have benefitted from his teaching.

Placement opportunities

As IMAs Gold partner, you work in the Big 4s and other top multinational companies after clearing the exams. This could result in exorbitant hikes in your salary.

End-to-end support

We are there to guide you by providing end-to-end support to our students. We ensure that you get all the benefits and support from our vast network of alumni, college, and university partners.

Where can USA CMAs work in India ?

CMA is an advanced accounting professional certification that helps you gain critical accounting and financial management skills for the smooth functioning of any business. It enables you to make strategic decisions on investments, risk management, and corporate finance. The individuals who have passed the CMA exams can get the job responsibilities of Strategic Management, Decision Analysis, Internal auditing, forecasting, budgeting, internal controls, financial statement analysis, investment decisions, and making external financial reporting decisions. By becoming a USA CMA, the world will be at your feet since you will be able to get jobs in domestic as well as global markets.

Some of the job opportunities available after completing USA CMA include:

Financial Analyst

They have expertise in where and when to buy and sell investments. Advanced positions like investment partner, financial consultant, or portfolio manager are considered suitable options for better growth in this career path.

Financial planner

Financial Planners are good advisers to the client to manage their money. Job opportunities could range from working in insurance or finance companies.

Cost Accountants

They focus on increasing profit from production costs and reducing financial waste. Advanced positions like Senior Cost Accountant and Financial Controller require CMA.

Corporate Controller

Corporate Controller needs to report to the CFO. He/she is responsible for converting data into information that includes financial reports and income statements.

Chief Financial Officer (CFO)

CMA certification can eventually open up the doors to climb the corporate ladder to become the CFO.

What is the salary of a USA CMA in India?

As per IMAs Salary survey, CMAs in India earn higher salaries than non-CMAs. They also have access to better career opportunities. CMAs in the Middle East/Africa/India region earn 80% more in median total compensation than non-CMAs, and this premium has widened steadily and significantly throughout the years. They approximately earn an annual median base salary of 31,600 USD and a yearly median total compensation of 36,000 USD. In most countries, CMAs earn two to three times more than non-CMAs. Other job opportunities available to CMAs include cost management, financial planning, performance management, risk management, strategic financial management, and corporate finance. Having the CMA professional certification certainly improves your job opportunities.

Steps to become a USA CMA in India

After reading this article, if you think that becoming a USA CMA is the best decision that you will ever make, then here are the ten steps that you need to follow :
Enroll in the best USA CMA courses like NorthStar Academy's Comprehensive CMA program for learning from the basics, access to a global cohort, experienced faculty, and passing the exam on your first attempt.
Religiously follow a study plan to stay ahead of your peers.
Practice Online Test bank questions and Mock tests for USA CMA
Pay for an IMA Membership to write the exams. The IMA membership gives you access to tools, networks, and peers to ensure a successful career.
Register for the CMA exam part as per your preference. You can choose to give the first or second part in any order.
Take the CMA exam with full confidence.
Fulfill the Bachelor’s degree and two-year work experience before 7 years from registration.
Apply for your CMA certificate.
Comply with ethical standards and 30 hours of continuing professional education (CPE).
Congrats! Add three golden letters next to your name CMA
 

Conclusion

CMA in India is often considered the best option for those seeking a professional certification in finance within the country. When choosing between the USA CMA and CMA India, it's important to consider the career prospects and global recognition of each certification. The syllabus for the US CMA course and Indian CMA varies, so understanding these differences is crucial for prospective candidates. Becoming a CMA USA is the smartest choice that you will ever make because you gain expertise in finance and management accounting. It will also help you to grow in your career, explore global opportunities and make strategic financial decisions. Through NorthStar Academy’s CMA program, we are sure that you will be able to clear your exams in one go! Click here to get in touch with us.