Is CMA recognized in the USA? A Complete CMA USA course details

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Is CMA recognized in the USA? A Complete CMA USA course details

CMA USA course details

Earning the prestigious US Certified Management Accountant (CMA) certification will help you gain global exposure and make you eligible for some top positions within the top MNCs worldwide. The CMA USA certification offered by the Institute of Management Accountants (IMA) is one of the most widely popular and sought-after certifications among those aspiring to build a career in financial management and business accounting. 

Choosing the right path toward success in the field of Finance and Accounting can come with a lot of contemplation and research, which is why we have compiled everything about CMA USA. This information blog will give you all the CMA USA course details and explain its relevance in today’s world, especially in the USA.

What is US CMA Certification?

Before we jump onto the CMA USA course details and its exam, it is important to know about the CMA USA itself. The US Certified Management Accountant (CMA) certification exam is administered by the Institute of Management Accountants (IMA) for candidates aspiring to have a successful career in the field of Finance and Accounting. The US CMA is a globally recognized certification that certifies an individual’s credibility with the knowledge and relevant skills in financial planning and analysis, along with financial control and decision making. Currently, there are more than 1,00,000 certified US CMA candidates around the world. 

Why Should You Opt for US CMA?

Still wondering if the US CMA course is right for you? Before going through the CMA USA course details, let’s look at all the benefits you can get by acquiring the CMA USA certification.

  • Map an excellent career path

Avail yourself of the opportunity to attain a steady growth curve in your career with the help of the USA CMA certification. The CMA USA certificate signifies your credibility as a financial accountant with relevant knowledge and skillset in finance and accounting.

  • Become eligible for higher designation

The USA CMA certification opens up some of the top positions in the field of financial management and business accounting. Candidates with the US CMA certification gain excellent career opportunities in India and many countries worldwide.

  • Get higher Pay

The US CMA certification is highly sought after around the world. The need for trained and skilled US CMA certification holders is on the rise everywhere around the globe. It ensures higher pay for the USA CMA certification holders who are recognized for their knowledge and skillset in the field of Finance and Accounting. The average salary of a US CMA certification holder is 4-7 lakhs rupees per annum.

  • Get the most out of USA CMA in a short time

The best part about the USA CMA certification is that you can typically complete it in 8-9 months. It means you are eligible for the top positions and job roles along with higher pay if you dedicate a few months. Just understand the CMA USA course details, go for the CMA USA training course, and pass the certification exam.

  • Get top MNCs knocking on your door

Top multinational companies in and outside India hire US CMA professionals with relevant knowledge and skills. It ensures greater job security as well as great advancement upwards on the corporate ladder.

You must learn more about the CMA USA course details and how to become a certified US CMA. 

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CMA USA Course Details: Syllabus 

The syllabus of US CMA is divided into two parts based on the exam, namely, Part-I and Part-II. The Part-I syllabus contains Financial Planning, Performance, and Analytics, and the Part-II syllabus contains Strategic Financial Management. Let’s look at the syllabus of both parts in detail.

Part-I: Financial Planning, Performance, and Analytics

  • External Financial Reporting Decisions (15%)
  • Planning, Budgeting, and Forecasting (20%)
  • Performance Management (20%)
  • Cost Management (15%)
  • Internal Controls (15%)
  • Technology and Analytics (15%)

Part-II: Strategic Financial Management

  • Financial Statement Analysis (20%)
  • Corporate Finance (20%)
  • Decision Analysis (25%)
  • Risk Management (10%)
  • Investment Decisions (10%)
  • Professional Ethics (15%)

What is the US CMA Course Duration in India?

The essential thing and basic aspect of the CMA USA course details is the duration. Every candidate wants to complete this course as soon as possible and give the exam to become US CMA-certified. Well! The US CMA course can be completed within 6 to 9 months. With ample effort, practice, and dedication, you can crack the US CMA certification exam in one attempt.

What are the US CMA Course Fees in India?

Another aspect of the CMA USA course details is the Fees. Let us first know the exam fee and then course packages if you want to enroll to boost your preparation. 

In order to apply for the USA Certified Management Accountant exam, candidates must pay a Time Registration fee of $15 (included in the first Membership fee). The fee break-up is separate for students and working professionals. Working professionals are required to pay an Entrance fee of $280 along with an International Membership fee of $260. Students need to pay an Entrance fee of $210 along with a Membership fee of $135. Students and working professionals must also pay an Examination fee of $345 and $460, respectively.

However, if you want to enroll in the courses of a training partner academy for preparing in an organized & strategic approach, the fee packages are much less with BUNDLE DISCOUNT!

That’s all for the CMA USA course details, now, let us discuss the pointers related to the CMA USA exam and certification.

Eligibility Criteria for CMA USA

In order to pursue the US CMA certification, candidates need to fulfill certain eligibility prerequisites as specified by IMA. The eligibility requirements for taking admission to the USA CMA are as follows:

  • The candidates must have a bachelor’s degree from a renowned institution, preferably in a related field of study.
  • The candidates must possess a minimum of two years of professional experience in the field of financial management and business accounting.
  • The candidates are also required to have an active membership of IMA.
  • The candidate should also follow the Statement of Ethical Professional Practice.

If you want to apply for the CMA USA certification, it is essential to fulfilling these requirements. You should be well-versed with the CMA USA course details and the exam pattern, which we have discussed next.

Exam Pattern of CMA USA

The US CMA certification exam is held in two exam parts- Part I and Part II. In order to pass the exam and earn the certification, candidates must pass both parts of the CMA USA exam. Candidates can take the exams in two parts in any order, but it should be noted that candidates can qualify for the second test only after they clear the first test. Candidates must note the following regarding the USA CMA exam:

  • The registration for an exam of any part is valid one time only. If you wish to reappear for the same exam, you must register again.
  • CMA USA exam is held in the following months every year:
    • January/February
    • May/June
    • September/October

Candidates can opt for any exam schedule depending on their choice.

  • The CMA USA exam is a computer-based test. Both parts of the exam (i.e., Part-I and Part-II) contain 100 multiple choice questions and 2 Essay type questions.
  • The duration of the exam for both parts of the USA CMA exam is 4 hours each. The Essay type questions are to be completed within 30 minutes.
  • To pass the exam, candidates must secure a minimum of 75% in both parts of the USA CMA exam.

Placement and Jobs after CMA USA

The USA CMA certification opens up many opportunities and top job roles in the future. Candidates can get job opportunities in any industry involving financial management and accounting. Some of the job titles that candidates can opt for after completing the CMA USA course includes:

  • Chief Financial Officer
  • Finance Controller
  • Budget Analyst
  • Finance Manager
  • Treasurer
  • Cost Accountant
  • Internal Auditor
  • Senior Analyst
  • Financial Analyst
  • Management Trainee

The USA CMA certification opens up doors to many top multinational companies. Professional CMAs can get a job anywhere in the world with the help of USA CMA certification. Some of the MNCs that hire CMA professionals include:

  • Deloitte
  • PwC
  • KPMG
  • EY
  • Accenture
  • Cognizant
  • MaxLife Insurance
  • JP Morgan Chase
  • MasterCard
  • Barclays
  • Morgan Stanley
  • HP

Salary After becoming CMA USA 

According to Payscale, the average annual salary of a USA CMA certificate holder is ₹7,92,000. A Financial Analyst earns an average of ₹5,81,718 annually, while a Financial Manager earns an average of ₹10,88,626 per annum. A Chief Financial Officer enjoys an average annual salary of ₹36,00,000, while a Cost Accountant earns ₹610,419 annually, and an Accountant earns around ₹3,00,000 per annum.

FAQs

1.How do I become a CMA in the USA?

You can become a US CMA in the USA by getting an IMA Membership and applying for the USA CMA certification exam. It is important to note that candidates must pass both parts of the USA CMA certification exam with a minimum of 75% in both Exam Parts. It might be difficult which you need first understand the CMA USA course details and enroll in the top training courses to crack the exam in one go.

2. How much does CMA cost in the USA?

Students applying for the USA CMA exam in the USA need to pay a total of $1035, and professionals applying for the USA CMA exam in the USA are required to pay $1475 in total. If students want to take the training from a reputed academy, they should also know the CMA USA course details. Taking up the course and studying from top faculty with well-organized study material will cost an extra bit, which is worth it.

3. Which country is best for US CMA?

Currently, the demand for US CMA certificate holders is at an all-time high in the USA. US CMA is also popular in the UK as well as in India and many Southeast Asian countries.

4. Is US CMA valid in Canada?

The USA CMA certification is a globally recognized course. It is valid and valued in Canada like in other parts of the world. So, if you want to become a US CMA-certified professional, thoroughly review the CMA USA course details and join it to boost your preparation.

5. Is US CMA valid in the UK?

The US CMA is one of the most widely popular and globally acclaimed courses in the world today. It is recognized and valued as a distinguished profession in the UK.

6. Is US CMA better than Indian CMA?

Choosing between US CMA and Indian CMA can be difficult. You can choose a certification course based on your preferences for the future and the location. The difference between US CMA and Indian CMA has been summarized below. Here are the Indian and CMA USA course details.

CMA USA
Duration – 6 to 9 months
Course Fees – INR 50,000- INR 1,00,000
Manage by the Institute of Management Accountants (IMA)
Average Salary – ₹7-8 LPA
Globally recognized

CMA India
Duration – 3 years
Course Fees – INR 100,000
Managed by the Institute of Cost Accountants of India (ICAI)
Average Salary – ₹7-8 LPA
Recognized only in India

Conclusion

Although it is not easy to clear the USA CMA certification exam in one attempt, it is certainly not impossible either! With the right amount of effort, dedication, and practice, you can ace the USA CMA exam and become a Certified Management Accountant. It would help if you were thorough with your preparation strategy, CMA USA course details, exam syllabus, time management techniques, etc.

It is an exam of patience and practice, and with the right guidance, you can easily ride the ladder towards success!

NorthStar Academy offers an all-inclusive CMA USA certification course to students and working professionals coming from different educational backgrounds. In association with Becker, we provide study material for the USA CMA course, which experts curate in accordance with the exam syllabus, which is one of the most trusted and popular sources of study material among CMA aspirants. The 12-section-wise study material is among the most preferred study materials, which are precise and provide all-around information for the exam. Expert guidance from M.Irfat sir has helped around 15,000+ students to pass the CMA exam successfully.

You can now get Bundle discounts on IMA exam fees on enrolling with NorthStar Academy. You can also benefit from online classes, which means you can access study material and much more from the comfort of your home! Don’t wait; Contact and enroll yourself with NorthStar Academy today and become a successful Certified Management Accountant! +918147470707

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