Is it Beneficial to do CMA USA in Dhaka? All you Need to know

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Is it Beneficial to do CMA USA in Dhaka? All you Need to know

CMA USA in Dhaka

The Certified Management Accountant (CMA) USA is a globally acclaimed certification accredited by the Institute of Management Accountants (IMA). The CMA USA is a professional certification that helps aspirants and students to uplift their knowledge and experience levels in the field of management accounting and corporate finance and put their newfound skills to professional, practical use anywhere in the world. The designation of US CMAs can work in management finance sections of an organization or company and accounting and strategy teams.

The CMA certification helps candidates to transform organizations and companies in Dhaka and worldwide. They are in high demand across several industries, including educational services, medical and healthcare services, as well as utility and communication industries. It offers promising career paths to candidates at top positions within an organization with high salaries and benefits. Doing CMA USA in Dhaka opens up many opportunities for certificate holders and boosts their careers in the right direction.

Benefits of the US CMA in Dhaka, Bangladesh

The CMA USA, a certification in strategic management and financial accounting, is a widely sought-after certification around the globe. The CMA USA certification holders are responsible for reviewing management strategies and supervising junior-level accountants within an organization or company. They are also responsible for overseeing funds management and various investment opportunities. Therefore, it is clear that they are given top management positions at an organization. 

The benefits of USA CMA in Dhaka are listed below.

  • The CMA USA certification validates their credentials as Management Accountants as well as validates their financial planning and analysis and supports their decision-making skills and accounting knowledge.
  • As a result of the designation they are given, the CMA USA certification holders have excellent career prospects in the future in management accounting and finance. 
  • They are responsible for approving potential businesses, which is why they are highly valued within an organization at the top management level. 
  • They have a steady growth curve in their career and are made career-ready to work anywhere worldwide.
  • CMA USA certification holders have a wide range of leading multinational companies to choose from, including Accenture, Amazon, Larsen & Toubro, and Wipro. 
  • The monetary benefits of doing the US CMA course in Dhaka are also excellent. According to Payscale, the average base salary of a CMA USA in Dhaka is ৳3m / year. 

Syllabus of CMA USA Certification Exam

The CMA USA certification exam is held in two parts:

  1. Financial Planning, Performance, and Analytics
  2. Strategic Financial Management

Both the exam parts of the CMA USA – “Financial Planning, Performance, and Analytics” and “Strategic Financial Management” consist of 100 Multiple Choice Questions (MCQs) and 2 Essay type questions (descriptive). The exam is 500 marks, with MCQs having the weightage of 375 marks and Essay questions with 125 marks. In total, the CMA USA exam is 1000 marks.

To pass both exams, the examinee must score a minimum of 360 in both parts. That is, candidates need to secure 70%. Each part of the exam is held for 4 hours.

Now that you know about the exam pattern read ahead to learn the syllabus for the exam. The syllabus of the USA Certified Management Accountant certification exam is as follows:

Part-1: Financial Planning, Performance, and Analytics

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

Part-2: Strategic Financial Management

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

The CMA USA certification course is typically completed over a period of 6-9 months if you choose the right training institute. The exam is administered globally via the Prometric testing center. Aspirants living in Bangladesh can take the exam from the exam centers in Dhaka. The exam is held in the months of January and February, May, June, September, and October.

Now that you know the syllabus, let’s talk about the eligibility requirements for taking the CMA USA certification exam in Dhaka.

Eligibility Criteria for the CMA USA Exam

Anyone with a bachelor’s degree in any subject and relevant work experience of a minimum of two years of full-time in the relevant fields can apply for the CMA USA certification exam. Candidates having four years of part-time job experience in the relevant fields are also eligible to apply. Candidates who do not fulfil either of the two requirements have an option to gather the relevant work experience within seven years of successfully completing the CMA USA exam.

Aspirants learn industry-relevant skills while pursuing the CMA USA certification course, which helps them to use their knowledge of finance and accounting in their workplace to make well-informed business decisions and influence their organization.

How much does CMA USA Cost in Dhaka?

To apply for the USA Certified Management Accountant certification exam, candidates have to pay a One Time Registration fee of $15, which is included in the first Membership fee. Apart from that, working professionals have to pay an International Membership fee of $260 along with an Entrance fee of $280, while students who are not professionals need to pay a Membership fee of $135 along with an Entrance fee of $210. The examination fees for both the parts (i.e., Part-1 and Part-2) are $345 each for students and $460 each for professionals. 

Here is the table for your better understanding of the fee breakup.

Category IMA Membership Registration Fee IMA Entrance Fee Part-1 Exam Fee Part-2 Exam Fee Processing Fee
Students $135 (valid for 3 years) $210 $345 $345 Nil
Professionals $260 (valid for 1 year) $280 $460 $460 $15

That’s all for the CMA USA fees in Dhaka. Now, let us shed light on the job prospects of the CMA USA in Bangladesh.

Job Prospects of US CMA Certification Holders in Bangladesh

The USA Certified Management Accountant certification is a highly valued and in-demand certification in Bangladesh. Over the course of time, the value of the CMA USA certification has increased manifold, with many reputed MNCs hiring candidates. CMA USA certification holders have expertise in financial management coupled with their knowledge in management and handling accounts of businesses.

Candidates with CMA USA certification can work in a wide range of industries. The certification allows them to develop industry-relevant, readily applicable skills to make important decisions within an organization and help it reach new horizons. US CMA jobs in Dhaka, Bangladesh, include the following industries: 

  • Manufacturing
  • Educational services
  • Construction
  • Medical and health services
  • Mining 
  • Insurance and real estate
  • Transportations
  • Utility and communication services, and many more.

Certified CMAs can fulfill many organizational job roles based on their knowledge and skill set. CMA USA certification holders in Dhaka, Bangladesh, can fill the following job roles, among many others:

  • Chief Financial Officer (CFO)
  • Finance Manager
  • Financial Analyst
  • Financial Risk Manager
  • Financial Controller
  • Cost Accountant or Manager
  • Relationship Manager
  • Finance Director
  • Credit Controller
  • Chief Accountant
  • Management Accountant

The CMA certification opens up new opportunities in financial management and business accounting. It helps gain valuable skills that increase the potential and value of the certification holder. Candidates can earn credibility and take giant leaps towards a successful future. 

US CMA Salary in Dhaka

Due to the high demand for quality CMAs in the world, the potential salary of candidates is also very high. USA CMA salary in Dhaka ranges between ৳200,000 – ৳8,000,000 annually.

According to Payscale, the average salary of a Chief Financial Officer in Bangladesh is ৳3,250,000. A Finance Manager earns an average of ৳720,000, while a Senior Account Executive enjoys an average salary of ৳440,000.

FAQs

1. How can I become a CMA in Bangladesh?

To become a Certified Management Accountant (CMA), you must clear the US CMA certification exam administered by the Institute of Management Accountants (IMA). It is held six times a year under the administration of the Prometric testing center. The exam is held in two parts, and you need to secure at least 72% marks on each part to pass the exam. Therefore, you need to be well prepared for the exam.

2. How many countries accept CMA USA?

The USA Certified Management Accountant (CMA) certification is a globally acclaimed certification and is highly valued and sought after. CMA USA is recognized in almost every country, including the USA, UK, India, Bangladesh, and many countries in the Middle East. In recent years, the demand for CMA has increased in the US, and qualified CMA certification holders are in high demand. Many exciting career opportunities are available worldwide in the field of financial management and accounting, which can be accessed with the help of US CMA certification.

3. Is a Passport required for CMA USA?

To get admission into the exam center, candidates must have proper documentation and identity proof which they must produce as and when required. You need a valid, government-issued passport that bears your signature on it, along with an original form of identification that bears your signature as well as your photograph. In case you don’t have a passport, you need to bring two valid government-issued documents which bear your signature and photograph, failing which you may not be allowed to take the exam.

4. Can I take the CMA exam without experience?

Candidates aspiring to take the CMA exam must have two years of full-time work experience in financial management and/or accounting. Candidates having four years of part-time work experience in the same field are also eligible to take the exam. Otherwise, candidates who do not fulfil the given criteria for work experience during the period when they are taking the exam are given seven years after successfully passing the CMA exam to meet the required experience criteria.

5. What is the salary of CMA USA in Dhaka?

The CMA certification provides a stairway to higher-salary jobs and opens up top management positions for candidates. According to Payscale, the average annual salary of a Certified Management Accountant in Dhaka, Bangladesh, is ৳3m. A CFO earns an average of ৳3,250,000 per year, while other jobs for CMA certification can range anywhere from ৳200,000 – ৳8,000,000 annually.

Conclusion

The USA Certified Management Accountant (CMA) certification offers a wide range of promising career paths for aspirants. Candidates can easily increase their career scope with the help of this certification and avail higher pay, excellent benefits, and better job opportunities. 

You can earn the CMA USA in Dhaka by enrolling yourself today at NorthStar Academy (NSA) and avail of our exclusive benefits, discounts, and study material. We are the official learning partner of IMA USA, providing the all-inclusive CMA USA certification course to students from different educational backgrounds. We provide carefully curated study material with Becker, the oldest and most preferred study material available to aspirants. The 12-section-wise study material provided by them makes the studies more precise and streamlined. The top mentors, like M Irfat sir, personally mentor candidates for the CMA USA exam. NorthStar Academy has proudly trained and mentored over 15000 candidates so far!

Wait, that’s not all. NorthStar Academy is now offering Bundle discounts on IMA exam fees to make it more budget-friendly. You can also access their online classes through the NorthStar mobile app from the Google Playstore. Go ahead and secure your future in the field of financial management and accounting with excellent guidance and study material. Get future-ready with NorthStar Academy! +918147470707

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