The worries about our future start nagging us when we are about to finish college. Well! To be honest, the students looking to advance in the accounting field have many professional certifications to pursue and get a better and more secure job in top MNCs. One such professional certification is the CMA USA.
CMA USA is one of the most sought-after credentials in the field of management accounting around the globe. Companies from all around the world are always looking for talented US CMA-certified accounting professionals.
There is no shortage of job opportunities for an individual holding the CMA USA certification. Due to this demand, the salary paid to US CMA professionals has also grown significantly.
All of this has made the USA CMA a pretty lucrative option to pursue, and professionals are searching for CMA USA coaching in Chhattisgarh for proper guidance. However, they get confused about where to start and how to start.
Well, worry not! This article has covered everything about the US CMA certification & coaching in Chhattisgarh that you may need to know.
The Certified Management Accounting (CMA) USA certification, commonly known as the CMA USA, is one of the top-level professional certifications in finance and managerial accounting. This certification is awarded by the IMA (Institute of Management Accountants), a well-respected association of accountants and financial professionals situated in the USA. IMA has over 90,000 members with a global reach of 150 countries.
The CMA USA certification is the global standard for financial professionals and management accountants. It is specially designed to measure the candidates’ Management Accounting and Financial Management skills. Note that the CMA USA is an advanced-level certification, and it is not meant for beginners but for experienced professionals. It tests the intellectual limits of the candidates before awarding them the certification.
However, with the help of proper guidance and hard work, even beginners can crack the exam with relative ease. Many US CMA institutes are offering CMA USA coaching in Chhattisgarh and other states of India, which can help you prepare for the CMA USA examination.
The CMA USA certification may be quite hard to acquire, but the benefits that it provides its holders make it worth the effort. The certification signifies that the individual has mastered all the core practice areas within the management accounting competency framework, including financial planning, performance evaluation, decision analysis, analytics, risk management, professional ethics, and more.
In the world of corporate accounting, CMA is one of the most respected designations, maybe because of the efforts that are required to gain this certification,
Management Accounting and Financial Management skills do not differ majorly on a global scale. The skill sets of such professionals are in demand all across the globe, irrespective of the borders. And the CMA USA certification is well recognized globally, including in the USA, Canada, the Middle East, and India.
You can get a job anywhere around the globe. Many consider Certified Management Accountants or CMA USA a passport for accountants and finance professionals, opening the door to worldwide job opportunities. Hence, increasing the need for the top CMA USA coaching in Chhattisgarh to clear the CMA USA certification exam in one go.
Due to the high demand, the average salary for a US CMA professional is also quite high compared to its non-certified counterparts. Let’s discuss the course details.
Acquiring the CMA USA certification will help the candidates earn global exposure and international recognition. Candidates aiming for this specialized certification in the accounting field can enroll in CMA USA coaching in Chhattisgarh.
Here are some of the key highlights of the CMA USA Certification exam.
CMA USA examinations are conducted by the examination body called Prometrics. There are two parts to the CMA USA exam, which candidates must clear to get certified as a CMA professional. Part I is Financial planning, performance, and Analytics. Part II is Strategic Financial Management.
Each part consists of 100 MCQs and 2 Essay type questions, which the candidates have to clear in 4 hours. Candidates will get 3 hours to complete MCQ questions and 1 hour for the 2 Essay-type questions.
You get three years to clear the two CMA exam parts. If a candidate fails to pass these exams in three years or less, they will have to undergo the registration process again.
To pass, the candidates must score at least 360 marks out of 500 marks on the question paper. The average global passing rate for the USA CMA examination is roughly 50%. Around 4000 accounting professionals pass the CMA examination each year and get awarded the CMA USA certification by IMA.
|Certification Name||Certified Management Accountant|
|CMA USA Exam||There are two parts in the CMA USA exam. Part I is Financial planning, performance, and Analytics. Part II is Strategic Financial Management.|
|Duration||4 hours for each exam part. (3 hours for MCQs and 1 hour for Essay type questions)|
|Exam Sessions||The sessions begin in June/ July and last till January or February.|
|Duration||You get 3 years to clear both the exam parts.|
|Pass rate||The global passing rate is 50%.|
|Success rate||Every year, over 4000 CMAs pass the exam.|
The two parts of CMA USA cover the 12 topics of Management accounting, six topics each. These 12 topics with their weightage in each exam are given in the tables below –
|Technology and Analysis||15%|
|External Financial Reporting||15%|
|Planning, Budgeting, and Forecasting||20%|
|Analysis of Financial Statements||20%|
In order to earn the CMA USA certification, one has to put a lot of effort and dedication into the preparation. Only the candidates, who have passed both the CMA exam parts in the given time, are awarded this certification.
Here are some of the steps that one needs to take to get certified.
To become a CMA-certified professional, you need to complete at least a bachelor’s level of education or equivalent professional certification. However, you can take the CMA examination before the completion of your bachelor’s degree.
Only the active members of the IMA are allowed to become a CMA. Though, you can quickly become a member of the IMA by paying the membership fee.
After you become a member of the CMA, then you need to register yourself for the CMA program from the IMA’s website and need to pay a non-refundable entrance fee.
In order to pass the CMA program, you need proper guidance. Hence, it will be recommended to join a prestigious finance Institute offering CMA USA coaching in Chhattisgarh.
Practice is the key to success; you need to put much effort into clearing the CMA USA examination.
Once you have studied enough and have confidence in yourself, you must take the CMA USA examination.
Once you have passed the examination and have acquired two years of work experience in any relevant field, you can apply for your CMA certificate. After the IMA verifies everything, you will get your CMA certificate. That’s all.
Due to the high demand, the average salary of the CMA USA profession is higher than their counterparts. As a CMA, you can expect a pay scale between INR 5 to 7 lakh per annum.
USA CMA certification can help you explore more non-traditional job profiles like Cost Accountant, Financial Manager, Staff Accountant, and Treasurer.
One of the most significant advantages of becoming a US CMA is the ability to explore job opportunities not only in India but also in other countries such as the US, Canada, parts of Europe, and middle eastern countries.
The whole course of CMA can be completed in 6 to 9 months at the most. That is also one of the reasons why many professionals want to pursue CMA USA.
Numerous companies in India and worldwide are actively looking to hire US CMAs. The CMA certification gave you the opportunity to work with top companies like the Big 4 (KPMG, EY, PwC, and Deloitte), BDO, J. P. Morgan, Morgan Stanley, and Blackstone.
CMA Tuition or CMA USA coaching in Chhattisgarh is not mandatory but definitely recommended. An eligible candidate can easily apply for the CMA certification on their own.
Many candidates choose to self-study for the CMA USA examination. A candidate can study and review the CMA self-study materials at their own pace and can choose the best way to approach the material.
In order to get your CMA USA certification, you must hold a bachelor’s degree from an accredited college/university or an equivalent professional certification. However, CMA is a versatile degree, which means you can apply for the CMA USA certification regardless of the bachelor’s degree you choose to do.
Students usually prefer to do the B.com before the completion of their CMA certification, and after getting CMA certified, they go with an MBA degree in Management.
Because of the growing popularity of the CMA-USA certification, many institutes have started to provide CMA USA coaching in Chhattisgarh. It has become rather tough to find the best institute for your best CMA preparation in India.
But worry not! We are here for you. As an official learning partner of IMA and Becker, NorthStar Academy has vowed to dedicate our 100 percent to helping our students in their preparation for the CMA USA examination. We provide the students with one of the most comprehensive courses on the CMA USA examination.
The skill sets of accounting professionals are in high demand all across the globe, irrespective of the borders, and of course, the state of Chhatisgarh is no exception. Thus, the US CMA certification is and will remain one of the most sought-after accounting qualifications for companies in Chhattisgarh.
Chhattisgarh is witnessing a surge of foreign multi-national companies establishing their branches in Chhattisgarh, and many Chhattisgarh-based companies are also trying to explore the International markets. Such companies are in need of CMA-certified professionals.
If you had properly completed your CMA USA coaching in Chhattisgarh, then getting a high-paying job doesn’t remain a difficult task.
Employers from all around the world are looking for talented CMA-certified accounting professionals to join their teams or organizations, because of which CMA USA professionals usually enjoy a high payout than most of the other professions.
A newly qualified Certified Management Accountant with no experience can expect to earn an average salary in the range of INR 3.5 lakh and INR 4 lakh per year, which is already higher than most other professions.
CMA USA is one of the most respected and also the most difficult examination in the field of accounting. Having this certification will open the door to a wide range of high-paying opportunities, due to which CMA USA has gained quite a lot of popularity, especially among commerce students.
Many institutes have started to offer CMA USA coaching in Chhattisgarh for these interested students. However, when it comes to the quality approach to training the CMA USA aspirants, nothing beats NorthStar Academy. The NSA has an 83% success rate for the CMA USAs, making us the most-preferred CMA USA Coaching in Chattisgarh and worldwide.
The candidates can easily prepare for the CMA USA exam with a wide range of study material along with the 24×7 assistance of mentors and tutors. NSA also provides free demo classes for you to decide if you want to take up the well-organized CMA USA certification course.
If you want more info about the CMA USA coaching in Chhattisgarh, don’t hesitate to connect with us. +918147470707.