Best CMA course in Delhi | A Full Info About CMA USA & 4 Top jobs

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Best  CMA course in Delhi | A Full Info About CMA USA & 4 Top jobs

CMA course in Delhi

The US CMA, commonly known as Certified Management Accounting, is a short-term management accounting degree that trains you in management and strategic planning. Among the accounting and finance professions, this is now one of the most popular choices. After this certification, candidates can manage finances, analyze financial data, structure it to identify the most appropriate answers, and then deliver those answers to the management team. 

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If you live in Delhi, India’s capital city, which is home to MNCs, and unique startups, you will never be short of exciting work options after completing your CMA USA in Delhi. The US CMA training in Delhi is a lucrative option suited for company accountants and financial professionals and is recognized worldwide. If you wish to pursue a CMA Course in Delhi,  you will get all the relevant details in this post.

Overview of CMA USA

The IMA (Institute of Management Accountants) in the USA offers the Certified Management Accountant (CMA) management accounting credential. It is one of the most sought-after management accounting qualifications, and many businesses worldwide are actively seeking US CMA-certified accountant experts to join their organizations.

The certification proves that the individual is knowledgeable in financial planning, analysis, control, decision support, and professional ethics. It takes a short time to complete the certification process, and you can get certified within 12 to 18 months. As a CMA-certified accounting expert, you can almost always find work anywhere around the globe. 

Eligibility Criteria for CMA USA Exam

To pursue this esteemed certification by IMA, you must meet the requirements set out by the institution. Candidates who have mistakes in their applications or do not satisfy the prerequisites will not be admitted to the course. There are three ways to understand the eligibility criteria for US CMA.

CMA Course Eligibility for Exam – After completing their 12th grade, candidates are qualified to study for and write the exams. Passing both parts of the US CMA exam, Part 1 – Financial Planning & Analysis and Part 2 – Financial Decision Making, within three years to obtain CMA certification.

CMA Course eligibility of educational qualification –To become a certified CMA, the candidate must first finish their degree in any stream. A student in the last year of a bachelor’s program may also pursue CMA, but in order to receive the certification, they must first complete a degree.

CMA Course eligibility of Work experience – Two years of regular professional experience in management accounting and/or financial management must be completed to become a certified CMA. This prerequisite can be completed before or within seven years of completing the Exam.

Another essential prerequisite is that the applicant must follow the IMA’s Statement of Ethical Professional Practice.

Fee Structure of CMA Course in Delhi

The official fees for the CMA USA exam and the course cost differ. Let’s start by going over the exam fee. You must know this fee structure well if you want to enroll in a CMA Course in Delhi. The CMA course fee in Delhi can be divided into three parts – IMA membership fees, IMA entrance fees, and exam fees.

IMA Membership Fee – CMA USA certification applications are only open to IMA members. On the other hand, anybody may join the IMA by paying a membership fee. The first membership fee for students in the IMA is around 10,800 rupees ($135), while the first membership fee for working professionals in the IMA is 20,800 rupees ($260). This membership is valid for the first three years for students and one year for professionals, after which you must pay a membership fee each year to maintain your certification.

IMA Entrance fee for registration – You must sign up for the CMA USA course once you join the IMA. Student registration costs for CMA coaching in Delhi are 16,800 rupees ($210), and working professional registration fees are 24,800 rupees ($280). You must pay this fee once when you first join CMA USA but keep in mind that you only have three years to get the required certification. If you are unable to pass the CMA exam or have to retake the Exam within these three years, you will need to register again for the CMA course.

Particulars For Students($) For Professionals($)
Fees for membership of the IMA $135(3 years) $260(1 year)
CMA entrance fees $210 $280
Part 1 Exam $345 $460
Part 2 Exam $345 $460
Total $1035 $1460

However, you can get the discounts on the above exam fee by joining the top CMA course in Delhi from the IMA partner institute.

Syllabus To Study in the US CMA Course in Delhi

There are two exam parts for the single CMA USA examination. Candidates may attempt any exam part first and clear it to attempt second. The IMA CMA syllabus is provided below, along 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 Control (15%) Investment Decision (10%)
Technology and Analytics (15%) Professional Ethics (15%)

Exam structure for CMA USA

The CMA USA certification exam is divided into two sections, which you can take in any order. Let us go over some important topics about this test.

  • Exams are administered at Prometric testing facilities located throughout India.
  • The Exam has four hours allotted for each section.
  • One hundred multiple-choice questions and two 30-minute essay topics.
  • Each exam part is worth 500 points, and the CMA passing score needs 360 points.
  • The MCQ section is worth 375 points, while the Essay section is worth 125 points.
  • After finishing the MCQ section, candidates may move on to the essay portion.
  • Each exam portion has a total time limit of four hours: three hours for MCQs and one hour for essay questions.
  • The testing window opens thrice a year – January, May, and October. Candidates can schedule their time slots and take the Exam at their convenience.

Job Prospects After US CMA Course in Delhi

There are several CMA USA employment opportunities in India. A CMA USA is a professional credential that demonstrates important accounting and management expertise. Here are some of the most popular employment options you can explore after earning your CMA.

Budget Analyst – A budget analyst, as the name suggests, is in charge of overseeing the company’s total budget. They monitor cash flows and dig further into the management operations of the organization. They also go through the budget and create future goals based on historical data and estimates. In India, the average income for a budget analyst is Rs. 5-8 LPA. As a budget analyst, you can work for a bank, an insurance business, a startup, or a large corporation.

Assistant Controller – One of the top CMA USA job opportunities in India is for an assistant controller, who is in charge of creating accurate financial statements in order to track and develop internal credit and cash flows. The average income for an assistant controller is Rs 9 LPA.

Management Accountant – You will be required to budget, plan, and strategize precisely as a management accountant so that your company’s top managers and executives can make risk-based decisions regarding their financial future. To succeed in this profession, you must have excellent communication skills. Management accountants can be found in private or public companies, as well as government bodies.

Corporate Controller – A corporate controller is someone who controls the financial and accounting responsibilities of a firm. This involves, to mention a few, billing, accounts payable, accounts receivable, and budgeting. While the knowledge of a corporate controller may be used in any business, larger corporations and organizations are more likely to hire for this job.

You can readily enroll in the best US CMA Course in Delhi to crack the Exam and get these job roles.

US CMA Salary in India

The average US CMA salary in India is determined by several elements, including the marks achieved, attempts to pass the examination, articulation skills, experience, the interview, and the business profile. A fresher US CMA applicant may expect to start with an annual salary between INR 6 and INR 9 lakhs. For the CFO of a company, this might reach over INR 80 lakhs.

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The trend in US CMA salaries in India is primarily determined by the industry. US CMA fresher professionals working in Indian investment banks may expect to earn INR 7-8 lakhs per year. Deserving individuals can expect to get paid up to INR 15-25 lakhs by international banks. The average US CMA salary for freshers in the IT business is INR 12 lakhs per year, whereas the average income for freshers in the manufacturing sector is INR 6 lakhs.

In India, experienced professionals with US CMA can earn an average income of 15 to 60 lakhs per year from the Big 4 corporations and other US MNCs like Deloitte, PWC, EY, Capgemini, Amazon, HP, and Microsoft. This number multiplies if a US CMA works in the Middle East, Australia, or Western nations.

Hence, to get yourself into this lucrative career, start preparing today with a top US CMA course in Delhi and get certified by clearing the Exam in one go.

FAQs (Frequently Asked Questions)

1.What are the fees for the US CMA course in Delhi?

In India, CMA USA fees range from 1.3 lakhs to 1.5 lakhs, including training and IMA fees. It is regarded as a rather expensive program that needs significant investment but provides extremely high rewards in terms of worldwide job prospects and compensation

2.Which degree is best for CMA USA?

CMA applicants come from various disciplines, although the most prevalent degrees are in accounting, Finance, economics, and general business. Anyone who has completed their bachelor’s is entitled to enroll in the top US CMA course in Delhi, regardless of the stream. 

3.Which country is best for CMA USA?

If this is in reference to CMA(US), the perfect location to work is definitely in the United States. The United States of America offers the highest pay for CMA professionals. Any CMA with appropriate experience might earn up to 125,000 USD per year. Other than the United States, good job prospects can be found in India, the Middle East, and Canada. These nations nevertheless make fair contributions even though they do it at a somewhat lower amount than the USA. 

You can join the best US CMA course in Delhi to gain this certification in India and work in any country.

4.What is the US CMA salary in India?

A typical wage for CMA USA in India is between Rs. 20 and Rs. 30 LPA. The increased responsibilities in work duties have caused salaries to rise. Salary increases are made when a person accumulates experience. The Big 4 companies and other US MNCs can pay experienced employees with US CMA an average salary of 15 to 60 lakhs per year.

5.Can I do CMA USA after CMA India?

It is not necessary. According to the Memorandum of Understanding between ICMAI and IMA, if you qualify for the Indian CMA, you are instantly entitled to apply for CMA US membership. However, each requirement, such as those relating to CPE hours, subscription costs, etc., must be followed separately. Similar to this, if you are a member of CMA USA, you can apply to join CMA India. In this instance, too, you must follow the rules established by ICMAI.

6.Is US CMA better than Indian CMA?

US CMA is certainly better than Indian CMA. The CMA USA certification can be finished in 6–9 months. However, the CMA in India takes three years. The US CMA has greater employment chances in India than the Indian CMA since it is recognized internationally.

The Indian CMA is solely valid in India. Compared to Indian CMA, US CMA has higher employment opportunities and pay ranges. So yes! Compared to Indian CMA, CMA USA is better. So, join the CMA course institute in Delhi to broaden your professional opportunities, boost your earning potential, and improve your job satisfaction.

Conclusion

If you want to earn your CMA USA certification, don’t put it off any longer. Whether you work in the Finance, accounting, or business sectors, this certification may help you improve your reputation and open up new job opportunities with a greater pay scale.

Students and working professionals may begin to benefit from the course’s many advantages by enrolling in the CMA course in Delhi. The distinction between accounting and profitable and efficient accounting is taught to applicants for this certification. So obtaining a CMA certification might raise the company’s worth.

Because there is an extensive range of CMA institutes in Delhi, selecting the best CMA Coaching in Delhi can be difficult. However, if you live in Delhi, you should enroll immediately in the NSA’s (Northstar Academy) US CMA training course. Candidates may take the top CMA coaching classes in Delhi at NorthStar Academy (NSA), where they can learn about various management accounting methods, techniques, and technologies.

The top instructors and mentors, like M. Irfat sir, help candidates by clearing up any questions they may have. Additionally, the applicants get special study materials and recorded sessions that help them prepare for the Exam.

Join NorthStar Academy right away to receive your desired CMA USA certification. Someone from the team will always be available to help you if you call +918147470707

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