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Popularity of US CMA Course in India | Zell Education

The Growth in Popularity of US CMA Course in India

Overview

The Certified Management Accountant (CMA) credential provided by the Institute of Management Accountants in USA has gained significant attraction all over India since its advent, almost ten years ago. The field of financial planning, analysis, control and decision support are provided by the CMA qualification. It prepares management accountants and finance for action required in the strategic management within a global economy that is increasingly becoming dynamic. Lets discuss the popularity of US CMA course in India.

According to IMA, as of 2022 in terms of number CMA holders across the world India is second after US. The popularity of US CMA amongst India’s accounting professionals is indicative that the fleeing population prefers to occupy jobs globally, and for higher salary. The number of CMA course and certification registrations has been increasing at over 20% year-on-year, showing clear interest in the program. Important factors are pushing more Indian accounting and finance professionals to earn the US CMA designation.

Increasing MNCs Establishing Presence in India

India has seen a steady rise in multinational companies (MNCs) setting up operations in the country over the past two decades due to economic liberalization and market-friendly policies. MNCs now contribute significantly to India’s GDP and job creation.

The popularity of US CMA certification can be attributed to its worldwide recognition and strategic financial planning concepts relevant to business expansion. Many of these MNCs have their headquarters in the US or have global shared services centers based there. They prefer to hire candidates with US certifications like the CMA due to the following reasons:

Uniformity in Accounting Practices: Adoption of US certifications leads to alignment of Indian operations with the global accounting practices followed within the organization. This enables smoother functioning.

Performance Benchmarking: Global finance teams are able to set goals objectively, measure performance, and compare results across different country operations.

Talent Development: Structured training helps staff develop expert finance skills as per globally benchmarked standards regardless of their geographical location. This aids in succession planning and talent mobility across regions.

The increased presence of US MNCs and alignment of Indian arms to US corporate culture has significantly boosted the popularity of credentials like the CMA in India in the last 5-7 years.

Worldwide Recognition

The US CMA qualification is recognized and valued worldwide, especially in countries like the United States, Canada, the Middle East and China. This gives it a global edge and international mobility for certified professionals. Owing to the popularity of US CMA in the workforce, many B-schools have started offering preparatory courses for the exam.

Portability Across Countries

CMA-certified accountants enjoy swift visa processing and ease of getting work permits across global economic hubs like:

1. United States: The IMA-CMA certification is licensed by all 50 American states and considered at par with other US accounting credentials like CPA, CFA etc. It is the fastest pathway for immigration to the USA through programs like H1B and EB2. Over 100,000 CMAs are currently employed in America.

2. Canada & Australia: Management accountants with a US CMA are prized by Canadian employers for accounting, strategy and financial planning roles across various industries. Certified CMAs also get extra migration points while applying for PR visas as skilled professionals. The same is the case with Australia.

3. Middle East: Countries like UAE, Qatar, Saudi Arabia and Oman are actively recruiting senior finance professionals and CXOs holding the reputed CMA qualification from the USA, offering lucrative tax-free salary packages.

4. China & Hong Kong: The majority of Fortune 500 companies have offices in China. They prefer employing CMA credential holders for uniformity in global accounting practices and seamless collaboration between regional teams.

Globally Benchmarked Program

The US CMA course is administered by the IMA (Institute of Management Accountants), the world’s leading finance association dedicated solely to management accounting and financial management professionals.

The 2-part CMA exam is competency-based and tests real-world application of knowledge on Financial Planning & Analysis, Corporate Finance, Decision Analysis, Risk Management, Investment Decisions and Professional Ethics.

It meets the highest global benchmarks in rigor and quality of the curriculum. Partnerships with renowned business schools like McGill Executive Institute (Canada) further bolster its pedigree as a gold standard in financial planning and analysis.

These reasons have exponentially boosted the global reputation of the US CMA certification in the last decade and expanded its scope beyond American shores into every major world economy.

A Short-Term Professional Program

The US CMA course is designed as a flexible and structured certification that can be completed alongside full-time work in just 12-16 months. The popularity of US CMA among entrepreneurs is growing as it helps them make key investment and financing decisions for rapid growth.

Self-Paced Learning: Professionals can self-learn the subjects at their convenience without needing to enroll in full-time classes. Study manuals, online classes, mock tests and expert mentorship provide a structured framework.

Exam-Based Testing: The evaluation methodology is exam-based, objective and focuses on practical real-world applications of knowledge through analysis of scenarios and problems.

2 Parts: There are two exam parts, each having two papers – multiple choice questions and essay-type descriptive questions. Candidates can give the parts one by one at their own pace.

Accessible from Anywhere: CMA allows professionals from any geography to improve their skills by giving online proctored exams in their city. This removes geographical barriers.

CMA-certified professionals need just two years of relevant work experience in fields like budgeting, financial planning & analysis, management accounting, costing etc.

This can be completed along with self-paced exam preparation over 1.5 years. So, within 12-16 months of signing up, financial executives can fulfill all CMA requirements without needing to take a career break.

Career Prospects with Top-Tier Employers

The US CMA opens up rewarding career opportunities both in India and abroad. Surveys show certified management accountants earn 35%-45% higher compensation compared to non-credentialed peers. Despite the growing popularity of US CMA courses, enrollments remain male-dominated, though experts encourage more women to acquire this strategic financial skillset.

In India, CMA-certified professionals are increasingly valued by large corporates, multinationals, consulting firms, banks and accounting practices for the following roles:

Financial Planning Managers

Cost Accounting Managers

Investment Analysts

Business Analysts

Business Development Managers

Finance Controllers

Commercial Managers

Top global recruiters like Amazon, Deloitte, E&Y, Goldman Sachs, JP Morgan Chase, Walmart, Shell and IBM actively hire and reward CMA credential holders with lucrative salary packages.

Kickstart Your Entrepreneurial Journey with a Head Start

For professionals aspiring to launch their ventures, the CMA course provides a strong foundation across all critical areas to set up and manage a company as certified management accountants.

Financial Planning: Prepare accurate cash flow statements, balance sheets, working capital projections, cost & profitability analysis and funding requirements for smooth business operations.

Costing: Expertise in decision-making concepts like target costing, life cycle costing and value analysis to maximize profitability and efficiency.

Regulatory Compliance: Knowledge of tax codes and laws across GST, corporate and labor laws applicable for business entities in India for legal compliance.

Technology Integration: Learn manufacturing, retail and service industry best practices to optimize performance via emerging digital technologies like AI, predictive analytics, blockchain etc.

Strategic Thinking: Understand market dynamics to identify new growth avenues, competition mapping, trends analysis and craft differentiated business strategies.

Leadership Skills: IMA’s management accountant code of ethics instills principles of trust, accountability, transparency and integrity to lead by example.

With the popularity of US CMA, IMA’s India chapter is actively organizing information seminars and preparation workshops in metro cities. This 360-degree skillset positions certified CMAs as the ethical backbone for corporates and gives entrepreneurs a strategic head start to set up, manage and scale their own companies.

Conclusion

The rising popularity of US CMA courses in India is attributable to the country’s integration with the global economy and the increased presence of MNCs with bases in America. The course is widely respected worldwide for its rigorous curriculum. It expands the career prospects of Indian candidates beyond geographical borders while helping global corporations benchmark professional competencies. The exam-based structure also makes it a convenient and fast-track option for working professionals to upgrade their finance skills and earnings potential without a career break. No wonder it is emerging as the preferred global finance credential for smart Indian millennials looking to take their careers to new heights both within and outside India.

FAQs

Does US CMA have value in India?

Yes, the US CMA credential is highly valued in India due to the rising presence of MNCs with US headquarters who prefer to align their global operations with American business culture and accounting practices. It provides uniform training in finance concepts to Indian employees, enabling easier performance management across geographical locations.

Does US CMA have scope?

The US CMA certification has immense scope in India as well as abroad. Surveys show CMA-certified professionals earn 35-45% higher than non-credentialed peers. Top global and Indian corporates across banking, financial services, information technology and manufacturing sectors actively recruit and reward CMA credential holders for a variety of strategic finance roles.

Is US CMA worth doing?

Yes, US CMA is absolutely worth pursuing for Indian finance professionals looking for global job mobility and higher earning potential. The course expands career opportunities abroad while opening up senior management roles with attractive salary packages across top Indian and multinational corporations.

Where is CMA most demanded?

The US CMA credential is highly in demand in India, the United Arab Emirates (UAE), China, Canada, Australia and New Zealand due to rising globalization and the presence of multinational companies in these countries. Job surveys show that certified management accountants tend to earn higher remuneration compared to non-credentialed accounting and finance professionals in these regions.

Anant Bengani, brings expertise as a Chartered Accountant and a leading figure in finance and accounting education. He’s dedicated to empowering learners with the finest financial knowledge and skills.

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milescpareview · 6 months

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What does a certified management accountant do?

Certified Management Accountants (CMAs) play a crucial role in the world of finance and business. These professionals are highly regarded for their expertise in financial management, strategic planning, and decision support. In this article, we will delve into the responsibilities and significance of CMAs in today's corporate landscape.

1. Financial Management: They are responsible for managing an organization's finances. They analyze financial data, create budgets, and monitor financial performance to ensure that resources are allocated efficiently. By doing so, they help companies make informed decisions about investments, cost reduction, and revenue enhancement.

2. Strategic Planning: They are strategic partners in an organization's decision-making process. They provide insights and analysis that enable executives to set and achieve strategic goals. CMAs assess the financial implications of various options, helping businesses develop long-term plans for growth and profitability.

3. Cost Management: They are experts in cost analysis and control. They help organizations identify areas where cost savings can be achieved without compromising quality. This is particularly valuable in industries where cost control is critical, such as manufacturing.

4. Risk Management: They also play a pivotal role in identifying and mitigating financial risks. They assess the potential impact of various risks on an organization's financial health and develop strategies to minimize these risks.

5. Compliance: They ensure that organizations adhere to financial regulations and reporting standards. They are responsible for preparing financial statements and reports in compliance with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

6. Decision Support: They provide data-driven support for executive decision-making. They utilize their financial expertise to evaluate the financial implications of different choices and offer recommendations based on data analysis.

7. Performance Evaluation: They assess and evaluate the performance of different departments or business units within an organization. This evaluation helps management make informed decisions about resource allocation and process improvements.

In conclusion, a Certified Management Accountant (CMA) is a financial expert who plays a pivotal role in an organization's financial management, strategic planning, cost control, risk management, compliance, decision support, and performance evaluation. Their knowledge and skills contribute to an organization's success by ensuring sound financial practices and informed decision-making. CMA certification is highly respected by professionals who bring immense value to the business world, and CMA expertise is in high demand across various industries.

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shaker917516 · 7 months

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Top 10 Reasons to Pursue US CMA Course | Why Choose US CMA? |

Welcome to our comprehensive guide on the US CMA (Certified Management Accountant) course! Whether you're a student aspiring to build a successful career in accounting and finance or a working professional looking to upskill yourself, the US CMA certification is the path for you.

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learneducation · 10 months

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The US CMA Certification: Unlocking New Career Horizons

In today's competitive business landscape, professionals are constantly seeking ways to enhance their skills and advance their careers. One certification that has gained significant recognition and credibility is the US CMA (Certified Management Accountant). Recognized globally, the US CMA certification equips individuals with comprehensive management accounting knowledge and opens doors to exciting career opportunities. In this article, we will delve into the details of the US CMA and explore the benefits of pursuing this esteemed qualification.

What is US CMA?

The US CMA is a globally recognized certification awarded by the Institute of Management Accountants (IMA). It is designed to validate proficiency in management accounting and financial management skills. The certification equips professionals with the ability to make informed business decisions, analyze financial data, and drive overall organizational success. The US CMA program focuses on both financial and non-financial aspects of management accounting, making it a well-rounded qualification for professionals seeking to excel in their careers.

Course Details:

To attain the US CMA certification, candidates must fulfill certain requirements and successfully pass a two-part examination. Here is an overview of the course details:

Educational Requirements:

Candidates must hold a bachelor's degree from an accredited university or college or an equivalent degree from a recognized institution. This educational prerequisite ensures that candidates have a solid foundation in accounting and related disciplines.

US CMA Exam Structure:

The US CMA exam consists of two parts:

a. Part 1: Financial Reporting, Planning, Performance, and Control

b. Part 2: Financial Decision Making

Each part comprises multiple-choice questions and two essay scenarios that assess candidates' understanding and application of management accounting concepts. The exam is computer-based and can be taken at parametric test centers worldwide.

Exam Preparation:

Several reputable institutions offer US CMA courses details to help candidates prepare for the examination. These courses cover the exam syllabus comprehensively, provide practice questions, and offer valuable insights from experienced instructors. Additionally, self-study using official study materials and resources is also an option for motivated individuals.

Benefits of US CMA Certification:

Global Recognition: The US CMA certification is globally recognized, enabling professionals to showcase their expertise in management accounting across borders. It enhances career prospects in multinational organizations and provides a competitive edge in the job market.

Expanded Career Opportunities: Holding the US CMA designation opens doors to a wide range of career opportunities. Certified professionals can pursue roles such as management accountant, financial analyst, cost accountant, budget analyst, financial controller, or even top-level management positions.

Comprehensive Skill Set: The US CMA curriculum covers a broad spectrum of topics, including financial planning, analysis, control, decision-making, and strategic management. These skills enable CMAs to contribute effectively to organizational success by providing valuable insights for decision-making processes.

Higher Earning Potential: US CMA certification often leads to higher earning potential. According to the IMA's 2020 Salary Survey, CMAs earn significantly higher salaries compared to non-certified professionals in similar roles, showcasing the value and return on investment of the certification.

Continued Professional Development: To maintain the US CMA certification, professionals must fulfill continuing professional education (CPE) requirements. This ensures that CMAs stay updated with the latest industry trends, regulatory changes, and best practices, allowing them to remain at the forefront of their field.

Conclusion:

The US CMA certification is a prestigious qualification that validates professionals' management accounting skills and opens up exciting career opportunities. By acquiring this globally recognized credential, individuals can enhance their career prospects, gain a competitive advantage, and contribute significantly to organizational success. The comprehensive curriculum, coupled with the continued professional development requirements, ensures that CMAs remain equipped with

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navkardigitalinstitute · 2 years

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US CMA Certification Course: Syllabus, Eligibility, Fees & Duration | Navkar Digital Institute

US CMA is one of the most Reputed and Globally Recognized Course in the Finance and Management Accounting field. This course is the gateway to global career opportunities. To crack or pass out in US CMA Course in a single attempt, you need to Join the Best CMA USA Coaching Institute.

Navkar Digital Institute is named as one of the Best Institute for CMA Course in India. We have partnered with WILEY for CMA Coaching and with their help, we provide online access to a wide range of US CMA Course Syllabus to students at a Cost-Effective Price.

We at NDI provide the Best Education Services as well as Guaranteed Placement Assistance to CMA Aspirants to achieve their goals. If you want to know more details about US CMA Course Fees or Duration, then contact us at 7567712000 / 7567739000 or visit our website: https://www.navkardigitalinstitute.com/courses/foreign-courses/us-cma/

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ifcpltd · 11 days

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Unlock global career opportunities with CMA USA. Our comprehensive course equips you with skills in management accounting, financial planning, analysis, and decision-making. Enroll now!

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zelledu · 11 days

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CMA USA: Ideal for Working Professionals | Zell Education

CMA USA Course For Working Professional

Working professionals willing to advance in their careers often have less information about CMA USA courses. They wonder if the USA CMA course can contribute to their career growth. Many also question whether it is possible to pursue a CMA and a job at the same time. Moreover, some compare whether the CA and ACS courses are better than CMA or vice versa.

CMA has a global recognition gold standard and takes various career paths with this certification. Hence, it’s a good option for working professionals to get CMA professional qualifications. The program can increase accountant’s and finance managers’ pay scales. Accountant job professionals can easily catch up on the CMA course topics. Consistently studying for two to three hours can help them pass the exam with convenient online course materials and lectures. Learn how it’s suitable for working professionals from below.

Is the CMA Course Appropriate for Working Professionals?

Most often people question is the certified management accountant course appropriate for working professionals? The answer is “yes.” The CMA course is definitely for working professionals with professional ethics to improve their finance and accountant management skills. A professional’s role will soon become irrelevant without new skills to add to the job role and rise in the career. The certification can increase the appearance of your candidature for higher professional positions.

Certification from the US certified management accountant course can help you gain detailed insights into cost management and accounting skills. It’s an internationally recognized certification course the Institute of Management Accountants (IMA) offers. It is an eight to ten-month course that working professionals can manage in their busy schedules. You will learn about top business skills that can help an organization, from cost management to performance measurement. It is suitable not only for experienced accountants but also for any business accountants.

Working professionals will have to prepare for two parts of the US CMA exam. The first part will cover finance and accounting topics. Moreover, the second part of the exam will include questions from cost management and risk management.

Why opt for the US CMA Professional Course?

Dealing with financial and non-financial metrics is one of the critical skills to achieve. Hence, more organizations look for US CMA course certification holders to work in higher positions. A standard CA professional may not know all aspects of the accountant business. However, a CMA professional can take care of all business aspects. They can cover strategic management of costs and risks to implement forward-thinking abilities.

Most people wonder when you can go into a master’s in accounting, so why opt for the US CMA professional course? The first reason is that your skills will get global recognition that employers value. The second reason is to earn more than your current salary with career advancement opportunities than your non-certified co-workers. Additionally, the course will give you the opportunity to stay updated with the accounting study and best practices.

Tackle Stagnancy

Most people find it intimidating to register for an academic course while on a full-time job. But the US CMA course gives an opportunity for individuals to step up in their organizational higher position. Moreover, students, after completing their accountant course bachelor’s degree, can get more engagement with the CMA course to tackle stagnancy. It will offer more career opportunities from prestigious organizations as the certification offers the highest credentials for accounting and business management.

You can join this course online and even get course materials from online platforms. Prepare for the exams through video tutorials available on the IMA official course portal. Students can attend the video lectures for academic interaction with the faculties and do revisions for the study. Moreover, you can consider applying the course concepts in the real world to enhance your business skills.

Who can Accomplish the CMA Course in the USA?

Any working professional or individual with a bachelor’s degree can apply for the US CMA course. Moreover, IMA offers its CMA course for students who are still at their undergraduate degree level. However, it requires the applicants to have at least two years of experience in finance and accounting in their academic qualifications. Institute of Management Accountants allows undergraduates newly joining their degree courses to take seven years to successfully achieve the US CMA course certification.

CMA USA Eligibility (Candidate Must Fulfill Any One Criteria)

The candidate should have an IMA membership with a good record.

The candidate must show class 12th certification or associate degree in the USA.

Candidates should have bachelor’s degree certification from a relevant accounting or finance discipline.

The candidate must have at least 2 years of professional career in finance and accounting or management.

Final Words

You can get a USA CMA course from IMA in 150 countries around the world. It offers students global skills recognition to go into any management accounting and financial profession. All enrolled students can excel in this domain’s skills, from undergraduate students to working professionals. Working professionals can easily complete the course within 6 to 9 months. You can get different scholarship opportunities to finish your CMA course at an affordable cost. These several advantages make CMA a lucrative career-boosting option for working professionals.

At Zell Education, we endeavour to offer training and mock examination practice so that our students can grab opportunities related to the examinations.

FAQs

Can I study CMA USA while working?

CMA USA course is a short-term professional course designed keeping in mind the working professionals’ needs. Professionals can work on their full-time jobs as they fit the course into their busy schedules. Any experienced accountant, manager, consultant, or auditor can learn the skills from the CMA course easily. Workers can refer to the online study materials and lectures to prepare for the exams for different levels of examinations.

Do I need work experience for CMA USA?

In order to earn a CMA certification, candidates must have a minimum of two years of work experience in management accounting and/or financial management field..

Can US CMA work in Indian companies?

Working professionals can find a lot of opportunities for US CMA courses. Most leading global companies like Amazon, Wipro, Toubro, and Accenture accept US CMA certificates as they are IMA partners. But other Indian companies accept CMA India.

Is CMA USA very difficult?

The CMA USA exam tests are quite difficult to pass. However, consistent preparation and a thorough understanding of the concepts can lead you to score well. Interact with the online lectures and try to apply the skills in practical scenarios to broaden your knowledge limits.

Satyamedh Nandedkar, a seasoned finance professional, holds ACCA, CA, US CMA & CS credentials. With 10+ years of experience, he’s a master ACCA tutor, IFRS trainer, adept in global financial standards, and a trusted advisor in navigating complex financial landscapes.

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