CMA Course in West Bengal- A Complete Guide
Admin 29 Dec, 2023 Overview
Nowadays, many people who work in accounting aspire to work overseas while also establishing a secure career. They are constantly looking for the best professional certification that will provide them with the knowledge & expertise they require to succeed in their field and help them build the skill sets they need for better recognition among hiring companies.
One of the most highly prized professional certificates in India and worldwide is the US CMA. A degree in management accounting, often known as CMA USA, teaches you Cost Management, Financial Accounting, and Strategic Planning. It has become the highly preferred certification in the accounting and finance professions. The number of applicants for this Degree rises in tandem with the expansion of this profession. However, the coaching you enroll in this course will significantly impact your CV and the skill set you acquire.
If you happen to reside in West Bengal, you'll be delighted to know that there are several coaching available for the best CMA course in West Bengal. These will assist you in passing both of your US CMA exams without difficulty and being hired by some of the top US-based organizations.
Let's learn more about the US CMA course in West Bengal and what advantages you would enjoy if you enrolled in the US CMA institute in West Bengal.
What is the CMA USA course?
The abbreviation CMA stands for Certified Management Accountant. The CMA program prepares students for the many skills needed in management accounting. The US CMA is a highly regarded certification that is issued by the IMA (Institute of Management Accountants), a U.S.-based organization. The IMA has established a robust network of more than 140,000 members and offers professional CMA courses in 150 countries. The qualification denotes proficiency in financial planning, analysis, control, professional ethics, and decision support. It will make you more valuable to your present employer and open up new career opportunities for you in accounting.
After the brief introduction to the CMA USA course, let's look at the eligibility criteria you would need to fulfill to pursue the US CMA course in West Bengal.
US CMA Eligibility Requirements
Candidates must meet certain IMA qualifications to apply for the CMA USA course in West Bengal. The following are the qualifying criteria:
- Before applying for the CMA test, applicants must be active members of the IMA.
- Anyone with a bachelor's Degree in any discipline and at least two years of full-time job experience in the application domains can apply for the CMA USA certification test.
- Candidates with four years of relevant part-time work experience can also apply.
- If a candidate does not meet either of the two requirements, they have seven years after passing the CMA USA test to acquire the necessary work experience.
- Adhere to the Statement of Ethical Professional Practice.
After fulfilling the CMA eligibility criteria, candidates should get industry-relevant skills while studying a US CMA course in West Bengal, which helps them to use their knowledge in their workplace.
US CMA Course Structure - Syllabus & Exam Pattern
The syllabus is organized in accordance with the two parts of the CMA USA certification exam. Let's review the exam's syllabus with subject-wise weightage to have a better understanding of CMA course details:
| Part 1: Financial Planning, Performance & Analytics | Weightage |
| Technology and Analysis | 15% |
| Internal Controls | 15% |
| Cost Management | 15% |
| Performance Management | 20% |
| Planning, Budgeting and Forecasting | 20% |
| External Financial Reporting Decisions | 15% |
.
| Part 2: Strategic Financial Management | Weightage |
| Financial Statement Analysis | 20% |
| Corporate Finance | 20% |
| Decision Analysis | 25% |
| Risk Management | 10% |
| Investment Decisions | 10% |
| Professional Ethics | 15% |
Exam Pattern
- The CMA examination is entirely computer-based. Candidates can attempt the US CMA exam at one of the hundreds of Prometric facilities worldwide or remotely via remote proctoring.
- There are two sections/parts to the US CMA curriculum, each of which comprises two essay questions and 100 multiple-choice questions.
- According to the CMA test structure, you will have three hours to complete the multiple-choice segment and one hour to finish the essay assignments.
- You get a total of 3 hours for the MCQs and 1 hour for the essay questions.
- A typical business problem is described in two scenarios that make up the eight to ten written answer or calculation questions in the essay part.
- For the multiple-choice portion, you must properly answer at least 50% of the questions to go on to the essay part.
Now that you are aware of all the details of the CMA course in West Bengal, let's discuss what advantages you would get after joining CMA Institute in West Bengal.
Advantages of Joining a US CMA Coaching in West Bengal
When enrolling in the CMA coaching, you may take advantage of various incentives to ensure your success on the US CMA course in West Bengal. Here are some advantages that might help you decide whether or not to sign up for the best CMA USA Institute West Bengal.
- Understanding the syllabus and course of study for the USA CMA exam might be challenging for students with non-commerce backgrounds. They'll learn the topics much more effectively if they enroll in a coaching institute for the US CMA course in West Bengal.
- It's essential to learn from reliable sources when preparing for the USA CMA test to prepare well and achieve the best outcomes. However, it might be challenging for students to find pertinent reading material for all courses and themes. Joining coaching will provide you with the profit of having access to accurate study resources.
- You may connect with the top mentors and coaches through the CMA USA coaching, and they will help you through the ups and downs of your preparation. Additionally, they are available to assist you if you have any questions as you study. To assist you in increasing your confidence for the USA CMA certification exam, mentors provide their entire support.
- Attempting as many practice tests and sample questionnaires as you can is a certain method to improve your readiness for the US CMA exam and increase your confidence. The top institutes for the US CMA course in West Bengal will provide access to practice exams and sample questions created using the most recent exam patterns.
One of the benefits of enrolling in the best CMA USA coaching in West Bengal is that you will receive savings on the IMA exam fee. Here, we've covered both the regular and reduced exam prices for the IMA.
US CMA Fee Structure in India
Candidates must pay a $15 one-time registration fee(included in the first Membership fee) to enroll for the USA CMA certification exam. The cost structure differs for students and working professionals. Working professionals must pay a $280 entrance fee and a $260 international membership charge. Students must pay a $210 entrance fee as well as a $135 membership fee. Examination fees of $345 and $460 are also required for students and working professionals.
For your convenience, the fee breakdown of the US CMA course in West Bengal is shown below.
Student Category
| Particulars | Fee |
| Membership Registration fees (Valid for 3 years) | 135 |
| IMA Entrance fee (One-time fee) | 210 |
| Part 1 Exam fee | 345 |
| Part 2 Exam fee | 345 |
| Total | 1035 |
Professional Category
| Particulars | Fee |
| Membership Registration fee (Valid for one year) $45*3 | 260 |
| IMA Entrance fee (One-time fee) | 280 |
| Part 1 Exam fee | 460 |
| Part 2 Exam fee | 460 |
| Total | 1460 |
If you're motivated enough to pass the CMA USA exam, CMA USA will enable you to raise your success rate. Let's understand this by looking at the job prospects that you can get after completing a CMA course in West Bengal.
Job Prospects after CMA course in West Bengal
A six-figure salary, a career with a lot of potential for advancement, and awesome job security owing to a rare skill set are all possible benefits of becoming a US CMA. You must be aware of the job categories to target and assess whether their work demands line up with how you plan to further your CMA career. Some of the most common job prospects you might pursue after receiving your CMA are listed below:
- Financial Analyst
This profession requires strict attention to detail in order to assess the financial health of investment and decide if it is feasible. As a financial analyst, you may work for a bank, an insurance company, a startup, or a huge enterprise.
- Cost Accountant
They are concerned with boosting profit from manufacturing expenses while decreasing financial waste. CMA is required for advanced roles such as Senior Cost Accountant and Financial Controller.
- Corporate Controller
The Corporate Controller notifies or reports to the CFO. The data must be transformed into information, such as income statements and financial reports, by this person.
- Accounting Manager
Systems and methods used by other accountants to collect and prepare data for analysis are developed and maintained by accounting managers. In large companies or organizations with a large number of accountants employed, accounting supervisors are sometimes seen managing other accountants.
Other than these opportunities, CMA USA degree holders in India and abroad can fill the job roles of - Relationashi[p Manager, Chief Financial Officer, Finance Director, etc.
US CMA Salary in India
The earning potential of applicants is quite high because there is such a great demand for qualified CMAs worldwide. The compensation for a CMA USA varies between 2.4 and 3.6 lakhs in India. According to Payscale, CMA USA's average yearly income in India is 786K. A CMA course in West Bengal trains a student for top management positions where they would be qualified for such compensation levels.
A CMA's pay increases with an experience like any other certificate and profession. When you start out, you might not be able to pull a substantial amount of money, but after a few years, there is no going back.
FAQs
1. Which course is best in West Bengal?
If you are someone who wants to make a career in the field of Management and Accounting and want great work opportunities not only in India or in your state, West Bengal, but also overseas, you should pursue a CMA course in West Bengal.
2. How do I pass CMA USA in my first trial?
Enrolling in the finest CMA USA coaching and obtaining assistance from competent mentors is vital to pass this rigorous exam. To pursue a CMA course in West Bengal, you must study in such a way that you may pass both test segments in three years while also completing the other qualifying conditions. A well-planned preparation technique can help students pass the test on their first attempt. Choose the best study resources to help you understand financial and accounting management fundamentals. Practice several sample papers and mock exams to grasp your weak areas and the test structure.
3. Is CMA USA worth it in India?
It would be great to finish a US CMA course in India, providing several alternatives to develop your managing and financial abilities. The US CMA course has grown in popularity throughout the years. It is due to India's expanding economy and large worldwide markets. So now is the time to enroll in a CMA course in West Bengal and further your career in management accounting.
4. What is the US CMA salary in India?
With their remuneration reaching 60% of the median total wage in India, CMAs are paid more than non-CMAs. In India, the average annual compensation for a CMA USA is up to 8 Lakhs. A freshly qualified CMA in India who has no prior experience might anticipate earning between Rs. 4.5 lakh and Rs. 6 lakh annually. If you completed your CMA course in west Bengal and are eager to work in India, you will receive outstanding compensation packages.
5. Can I work in the USA after earning my CMA in India?
ICWA cost accounting course is called CMA India. The Indian CMA is not recognized in any other country outside India. You could only work in India if you got your CMA here. That is why it is essential to select a globally recognized course, such as CMA USA, in order to work and gain experience in different countries.
6. Which Degree is best for a CMA USA course?
To pursue a CMA course in West Bengal, you must have a bachelor's Degree in any field from an accredited university or college. A professional qualification is another way to do this. Although CMA applicants come from a variety of fields, degrees in accounting, finance, economics, and general business are the most common. It is necessary to have two years of managerial accounting and/or financial management expertise.
Conclusion
You must be determined and patient to pass the CMA USA certification exam. You may obtain this certification with a decent amount of effort, devotion, and practice, as well as instruction from the best coaching institute for the CMA course in West Bengal, and become eligible for CMA USA employment anywhere in the world.
If you are searching for a CMA USA coaching center in West Bengal, join NorthStar Academy (NSA) and become one of the successful candidates in the CMA USA exam. One of the most reputable and well-liked sources of study material for US CMA aspirants is offered at NSA. Experienced mentors have carefully curated these study materials, case studies, and mock tests in line with the latest exam curriculum.
Over 15,000 students have successfully passed the CMA test thanks to Mr. M.Irfat and other top mentors at NSA's professional advice. Take advantage of this chance to enroll in the top CMA USA certification course in West Bengal and become a prosperous Certified Management Accountant by registering immediately.
For further information, call us at +918147470707.