
Certified Management Accountant (CMA, USA)
Price
₹1,50,000 to ₹3,00,000
Duration
6 months-3 years
Skills Required
About the Course
The CMA (USA) certification is a globally recognized program designed for professionals seeking expertise in financial management and strategic decision-making. It covers key areas like financial reporting, performance management, and internal controls. The program equips individuals for leadership roles in corporate finance and management accounting. With growing demand across industries worldwide, the CMA offers strong career growth and competitive salaries. It’s ideal for those aiming for higher roles in finance with a global perspective.
Education Pathway:
1. Complete 10+2 (Commerce Recommended)
Stream: Commerce is ideal for building a strong foundation in accounting, business studies, economics, and mathematics.
Key Subjects:
-Accounting: Understanding the basics of financial transactions.
-Economics: Insight into market trends and economic principles.
-Business Studies: Core knowledge of business management and operations.
-Mathematics: Strong numerical ability for finance-related roles.
2. Pursue a Bachelor’s Degree (3 Years)
Bachelor’s Degree Options:
B.Com (Bachelor of Commerce): Focuses on accounting, finance, and business management.
BBA (Bachelor of Business Administration): More management-oriented but includes financial studies, ideal for CMA aspirants.
Top Colleges in India:
Delhi: -Shri Ram College of Commerce (SRCC) – Delhi University
-Lady Shri Ram College for Women (LSR) – Delhi University
-Hindu College – Delhi University
Mumbai: -Narsee Monjee College of Commerce and Economics – NMIMS University
-St. Xavier’s College
-H.R. College of Commerce and Economics
Bangalore: -Christ University
-Mount Carmel College
Chennai: -Loyola College
-Madras Christian College (MCC)
Course Content:
Financial Accounting
Corporate Finance
Cost Accounting
Management Principles
Taxation
3. Enroll in CMA (USA) Certification Program (6 Months to 3 Years)
To qualify for the CMA exam, candidates must:
Hold a bachelor’s degree in any discipline from an accredited institution.
Have 2 years of professional work experience in financial management or management accounting.
Institutes in India Offering CMA USA Training:
Miles Education
Simandhar Education
FinTram Global
These institutes provide specialized coaching for CMA exam preparation, focusing on the two parts of the CMA exam:
Part 1: Financial Planning, Performance, and Analytics
Part 2: Strategic Financial Management
Key Exams:
Part 1: Financial Reporting, Planning, Performance, and Control
Part 2: Financial Decision Making
Top Colleges Abroad for Further Studies or Training:
New York University (NYU) – USA
London School of Economics (LSE) – UK
University of Toronto – Canada
INSEAD – France
National University of Singapore (NUS)
These universities offer specialized programs in finance, strategic management, and international business that align well with the CMA certification.
Skills Required:
Financial Analysis: Expertise in analyzing and interpreting financial data.
Strategic Planning: Ability to create financial strategies that align with business goals.
Cost Management: Efficient control over budgeting and expense monitoring.
Decision-Making: Quick problem-solving and management skills.
Ethical Standards: Commitment to high ethical financial practices.
Scope:
In India:
Growing demand in sectors like manufacturing, IT, consulting, and financial services, as companies increasingly seek professionals with global financial expertise.
Abroad:
High demand in North America, the Middle East, Europe, and Asia for roles in corporate finance, financial planning, and strategic management.
Job Opportunities
In India:
Jobs: Financial Analyst, Management Accountant, CFO, Finance Manager.
Sectors: IT, Manufacturing, Financial Services, Consulting.
Companies: TCS, Infosys, Deloitte, EY, Wipro.
Abroad:
Jobs: Corporate Controller, Finance Director, Management Consultant.
Sectors: Corporate Finance, Manufacturing, Healthcare, Technology.
Companies: Apple, Google, PwC, KPMG, General Electric (GE).
Salary
In India:
Entry-Level: ₹6-8 lakhs per annum
Mid-Level: ₹8-15 lakhs per annum
Senior-Level: ₹15-30 lakhs per annum
Abroad:
Entry-Level: $60,000 - $80,000 per annum
Mid-Level: $80,000 - $120,000 per annum
Senior-Level: $120,000 - $150,000+ per annum
Note: Salary and course fees are subject to changes. Course duration can be more depending on the number of papers cleared per attempt.