Best CMA course in Qatar: Eligibility criteria, Exam Structure & Job Prospects
Admin 29 Dec, 2023 CMA Course Institute in Qatar
The CMA USA is an internationally recognized qualification offered by the IMA (Institute of Management Accountants) based in the USA. Here CMA course full form is Certified Management accountant, which signifies your expertise in management, finance, and accounting. If you're a recent graduate or someone who works in finance or accounting and wants a highly fulfilling career, the CMA USA is the certification for you.
The CMA Certification helps professionals and students gain proficiency in six main practice areas, including financial planning and budgeting, data analytics, decision support, control, and industry rules and codes of ethics.
The CMA course in Qatar has also grown in popularity among finance students due to the numerous perks associated with the program. CMA USA training in Qatar allows rapid professional progress, improved wages, and global employment chances. If you are still in doubt if it is beneficial to pursue a CMA course in Qatar or not, this article might help you conclude.
Eligibility Criteria for US CMA course in Qatar
You must meet the following criteria to be certified as a CMA:
- Having a valid membership of the Institute of Management Accountants (IMA).
- The applicant must have a 12th-grade degree from a recognized college. The stream is not restricted in any way.
- The candidate must have a bachelor's degree and two years of relevant professional experience to receive a final CMA USA certification.
- IMA Statement of Ethical Professional Practice needs to be followed.
Course Syllabus for CMA Course in Qatar
The CMA USA Certification consists of a single examination level split into two parts. Candidates may attempt any part in whatever order they want. Following is the syllabus for two exam parts of the CMA USA exam with the percentage weightage of each section:
| Part 1: Planning, Performance, and Analytics | Part 2. Strategic Financial Management |
| External Financial Reporting Decisions (15%) | Financial Statement Analysis (20%) |
| Planning, Budgeting, and Forecasting (20%) | Corporate Finance (20%) |
| Performance Management (20%) | Decision Analysis (25%) |
| Cost Management (15%) | Risk Management (10%) |
| Internal Controls (15%) | Investment Decision (10%) |
| Technology and Analytics (15%) | Professional Ethics (15%) |
Exam Structure for CMA Course in Qatar
As discussed above, the CMA USA certification exam has two parts, which you can attempt on different days. Let us understand some essential points regarding this exam.
- Each part of the exam is four hours long.
- One hundred multiple-choice questions and two essay topics of 30-minutes.
- Both Exam sections have 500 points, and passing each requires 360 points.
- The MCQs part carries 375 points, and the Essay questions section carries 125 points.
- Candidates can advance to the essay part only after they have completed the MCQs section.
- Four hours are allotted in total for each exam part: 3 hours for MCQs and 1 hour for Essay questions.
- Exams are given at Prometric testing centers all throughout India.
- Every year, the testing window opens in January, May, and October. Candidates can reserve time slots and take the exam when it is convenient for them.
That�s all for the CMA USA certification exam pattern. Now, let us discuss the duration and other aspects of the US CMA course in Qatar.
US CMA Course Duration in Qatar
The CMA USA course can be finished in 6-9 months. However, depending on the candidate's commitment and attention, it may take longer. To finish the CMA USA Course, IMA allows a maximum of 3 years from the date of enrolment.
Candidates may show up for the part 1 and part 2 examinations in-
- January/February
- May/June
- September/October
CMA USA Exam Centers in Qatar?
The good news is that the CMA exam is accessible internationally in several countries, states, and towns.
To check the exam center, candidates must go to the Prometric website's IMA page and follow the below steps:
- On the left side of the page, under "Actions," select "Locate."
- Choose the Institute of Certified Management Accountants as your exam sponsor.
- Choose "Institute of Certified Management Accountants" as your program.
- Select a test: �Part 1 CMA Exam� or �Part 2 CMA Exam�.
- Enter your address and then click "Next.
It will provide you with a list of nearby testing centers. You can select yours from here.
If you live in Qatar, you may give the exams at the following centers-
- BIT Ahlia University, MANAMA, BAHRAIN, BIT Ahlia UNV
- Moon Beam Center, Al Mamoura Plaza, DOHA, QATAR
What are the CMA USA course Fees in Qatar?
The CMA USA certification fees might usually differ for professional and student members.
The cost information for this certification is shown in the following tables:
CMA USA Student category Fee
| Particulars | Fee (in USD) |
| Membership Registration fee (Valid for 3 years) $45*3 | 135 |
| IMA Entrance fee (On time fee) | 210 |
| Part 1 Exam fee | 345 |
| Part 2 Exam fee | 345 |
| Total | 1035 |
CMA USA Professional Category Fee
| Particulars | Fee (in USD) |
| Membership Registration fee (Valid for 3 years) $45*3 | 260 |
| IMA Entrance fee (On time fee) | 280 |
| Part 1 Exam fee | 460 |
| Part 2 Exam fee | 460 |
| Total | 1460 |
However, you should know the actual amount before paying any fees. Taking up the CMA USA training course from a reputed academy like NSA, which is IMA�s Gold Partner, will have the following fee packages.
US CMA Course in Qatar - Job Prospects
US CMA-certified professionals may rely on their IMA membership to get the professional help and support they need to progress in their professions. Because of CMA USA training, structure, and exam patterns in Qatar, applicants will gain proficiency in fundamental ideas and be prepared to jump right into the new professional role. Additionally, more employment prospects arise due to US CMA's Global acceptance. It allows students to hunt for employment in Qatar and other nearby & distant places.
Let us walk you through all the opportunities that a US CMA-certified accountant could have in Qatar, along with the salaries associated with each position:
- Finance Manager - The finance manager is a mid-level position requiring interaction with clients and upper management. You will be in charge of making all major and minor operational decisions for the business as well as budgeting, forecasting, and other related tasks. A finance manager with a CMA US certification may earn between $65,000 and $110,000 per year in US dollars.
- Financial Analyst - As a financial analyst, you will prepare and track the company's financial reports. A financial analyst with the CMA (IMA) qualification may expect to earn roughly C$67,410 per year. You may grow quickly in the field of financial analysis and become a senior Financial Analyst quite fast.
- Financial Controller - As a finance controller, you must be well-versed in all aspects of finance and act as the financial backbone of a company or a specific role. In Qatar, the average income for a Corporate Controller or Finance Controller is C$100,363.
- Chief Financial Officer - The position of Chief Financial Officer, or CFO, is the highest in a company's financial hierarchy. They keep track of all financial transactions and take appropriate action. A CFO in Qatar makes an average of C$144,271/year, making it one of the most attractive occupations in the sector.
US CMA Salary in Qatar
Job Opportunities for CMA USA jobs in Qatar are increasing at a fast pace, and the same is the case with the US CMA�s salaries as well. A CMA's average income is 65% greater than that of non-CMAs.
The earning potential of US CMAs is always greater than that of non-CMAs since they specialize and are enriched with advanced managerial abilities. Every year, IMA conducts a global survey to look at the remuneration of US CMA professionals.
The individual completing the US CMA course in Qatar, passing the exam, and acquiring the certification can make around 111,000 USD per year, which equates to a monthly payment of $9250.
According to statistics, more than 70% of CMA USA are employed in senior management in different companies. The starting salaries for US CMAs depend on their interviews and the companies they work for. The typical range for freshers is between 50,000 and 60,000 USD annually. The figures represent an average estimate and may differ depending on the country.
FAQs (Frequently Asked Questions)
1. Is Indian CMA valid in Qatar?
The CMA India is a national certification, whereas CMA USA is a globally recognized certificate. Because of this, CMA USA certificate holders (even from India) can choose where they want to work. However, the CMA India is valid in some countries, and India CMA might find it quite hard to get a job in foreign countries like Qatar as CMA USA is the preferred choice.
2. Can an Indian CMA get a job abroad?
After receiving your CMA USA certification in India, you can work overseas. If you wish to work in the UK, you might consider getting CIMA UK in addition to CMA India. With this MOU, CMA is accepted as a professional degree in these countries. You can be appointed to a professional level post in those countries with your CMA course in Qatar certificate.
3. Does CMA have scope outside India?
CMA USA has a lot of potential in India and overseas. The relevance of a CMA has grown in recent years. It is because of India's economic expansion, the entry of significant international corporations into its market, and the Make in India campaign.
4. Is CMA a good Career?
CMA USA is a great career option for individuals who want to work or excel in the field of Finance and Management Accounting. Whether you work in finance, accounting, or business, this qualification can help you improve your reputation, which can lead to higher pay, benefits, and career opportunities.
5. What are the books required for a CMA course in Qatar?
The candidate can get the top study materials or books from some companies, such as Becker, Hock, Wiley, gliem, and a few more.
6. How long does it take to finish a CMA course in Qatar?
The average CMA course lasts only 1 to 1.5 years, and if you are diligent and work hard, you may be able to finish it in that time. After registering, IMA allows you a maximum of three years to complete both portions of the US CMA course. There are candidates who have completed it within six months too.
7. How can I sign up for a CMA exam part?
the world. Here are the steps to take if you are enrolled in the CMA program and are ready to take the exam:
Decide on a testing window. Three testing windows are available: January/February, May/June, and September/October.
Register for the exam at the IMA website - www.imaonlinestore.com. Get your authorization number and additional instructions.
Make a schedule for your exam(s) with Prometric. The CMA test can be taken in person at a Prometric Test Center or online by candidates.
Decide on a testing window. Three testing windows are available: January/February, May/June, and September/October.
Register for the exam at the IMA website - www.imaonlinestore.com. Get your authorization number and additional instructions.
Make a schedule for your exam(s) with Prometric. The CMA test can be taken in person at a Prometric Test Center or online by candidates.
�8. Do I need a financial background to apply to the CMA program?
A background in accounting could be helpful for candidates, but it's not necessary to enrol in a CMA program. Candidates come from a range of bachelor�s degree programs and sectors, including (but not limited to) engineering, business administration, economics, and finance.
Conclusion
If you want to get your CMA USA certification, Don't wait any longer. Whether you work in the financial, accounting, or business sectors, this certification may help you improve your reputation and open up job opportunities with a higher salary.
The CMA course in Qatar is the initial step for students and working professionals to take advantage of the course's various benefits. This certification teaches candidates the difference between accounting and profitable and efficient accounting. Hence getting a CMA certification might increase the value of the company.
Because there has been considerable research on training institutions, finding a decent course might be demanding. If you live in Qatar, you should enroll in the NSA's (Northstar Academy) US CMA training course in Qatar without a second thought. NorthStar Academy (NSA) provides candidates with the best CMA course in Qatar, where they can learn about various approaches, procedures, and tools for management accounting. In addition to this, the applicants receive unique study materials and pre-recorded sessions that improve their exam preparation. The best teachers and mentors like M Irfat sir assist applicants in removing their doubts.
Join NorthStar Academy today to get the CMA USA certification you want! Contact us at +91 81 47470707, and someone from the team will always be available to assist you.