Why CMA USA in Middle East has a Significant Presence

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Why CMA USA in Middle East has a Significant Presence

CMA USA in Middle East

The primary reason people opt for professional courses is to get a well-paying and secure job with a reputed domestic or international company within the country. 

Some even opt for professional courses to aim at promotions in the present company, grab a global mandate, or even relocate to a preferred country with a higher-paying job with benefits they can secure only outside India. 

Therefore, the basic idea is that a professional certification from anywhere should be able to make a total career enhancement in either a fresh graduate or a working individual. The US CMA is one such life-altering certification. 

There is a common question among Indians along with Asian students and professionals: how does US CMA, being a US CMA certification, will help them get a job within India, the Middle East, or any place outside of the US?

How to get a job in the Middle East with a US CMA qualification?

This is an obvious question that candidates are naturally expected to have when they are not fully aware of the corporate history of their own country and that of the US. Waves of globalization have brought newer companies, mainly from the west, to countries like India, UAE, Bangladesh, Singapore, Malaysia, and so many more in search of more unique consumer markets and human resource pools. 

In the last one and a half decades, 97% of the MNCs and large companies that started operating in India and the Middle East are American or based out of the US. 

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That means they have either originated in the US or a subsidiary of a US parent company or even raised funds in the US market and are listed in the US stock exchanges like the New York Stock Exchange or the Boston Stock Exchange. 

The main dividend of this analysis is that all these companies and Big 4s (Deloitte, EY, KPMG & PwC) need to comply with the Securities Exchange Commission or the US SEC. All these SEC-computing companies require US CMA in their internal accounting, financial analysis, price decisions, costing, budgeting, and other roles.

Companies in the Middle East hiring for CMA USA

CMA USA course is accepted in countries like the CMA USA in Middle East, UAE, Qatar, Saudi Arabia, Kuwait, Lebanon, Bahrain, Jordon, and Egypt. Amongst them, UAE, Kuwait, and Bahrain have been consistent with their standard of living, social benefits given to employees and immigrants, ease and availability of healthcare, access to infrastructure and new age brands, etc. The highest paying countries would be Qatar, UAE, and Kuwait. All countries have a rich, predominantly Islamic cultural heritage and are locations for some of the largest oil-producing companies in the world. Additionally, the financial sector of the Middle East is booming; their banks have massive capital flow and are expanding their reach through investments, loans, and account creations globally. 

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They are actively investing in markets, companies, and ideas worldwide and look to expand their revenue source outside oil revenue. Infrastructure capacity building is also one of the most significant and most growing sectors of the Middle East that has a lot of money flowing into it. 

Companies like EMAAR are the hallmark luxury builders of the Middle East holding a critical part of the market themselves. All these companies require Financial Managers and Auditors because of the global nature of business. They need to be compliant in various parts of the world as per their financial regulations. US CMA’s who command an excellent knowledge and skill over financial markets and auditing of financial books can be tremendous assets to companies like this who require to be at the top of their game when it comes to financial bookkeeping. 

US CMA holders are hired in different positions like Financial Analysts, Accountants to the CFO and CEO, financial planning managers, risk analyzers, etc. Role in companies like L&T, 3M, Boeing, Cargill, Caterpillar, ConAgra, Alcoa, AT&T, Hewlett-Packard, Johnson & Johnson, Microsoft, Gamble, KeyCorp, Whirlpool, Saudi Aramco, Verizon, and so many more hire CMA holders to strengthen their financial compliance with the US SEC and continue business abroad.

Major companies that operate in the Middle East and comply with the SEC are CITI Bank, American Life Insurance Company, Bank of America, Thornton Tomasetti Constructions, Johnson & Johnson, GlaxoSmithKline, Pfizer, Ferrari, and Goldman Sachs. 

Consultancies like McKinsey & Associates, Bain & Company, and the Boston Consulting Group are also present in various critical cities in the Middle East like Dubai, Riyadh, Cairo, Doha, Manama, and Kuwait. 

Middle Eastern companies that have funding from the US or are hiring CMAs will include Saudi Aramco, First Abu Dhabi Bank, QNB, National Bank of Kuwait, DP World, Saudi British Bank, Almarai, Emirates, and EMAAR. 

Perks of getting hired as a CMA USA

Interestingly enough, the demand is still higher than the supply. So much so that to meet their internal financial audit talent needs some companies are sponsoring their employees to avail and write the CMA exams with paid leave and bonuses on obtaining the certification. 

The certification credits that the person possesses knowledge in the areas of Financial Planning, Financial Reporting, Analysis, Control, Decision support, and professional ethics, the skills that are most in-demand in financial departments around the world, especially in emerging markets like India and countries of the Middle East. 

Therefore, a person with a US CMA qualification is considered a professional expert in Management Accounting, Financial Planning, and reporting and commands recognition and respect across the corporate and financial sectors worldwide.

CMA USA salary in the Middle East

On average, the US CMA holders in the Middle East will be earning close to US$ 44,000 in annual basic salary and US$ 54,000 when the firm includes other compensations, such as bonuses, incentives, and profit-sharing. The median figure is UK$ 29,000 and US$ 35,000, respectively. 

However, with the Middle East conglomerates diversifying out of oil-based businesses and entering sectors like tourism, aviation, automobiles, logistics, and infrastructure capacity building, these salaries are set to increase and stabilize in the next decade. The work will also be getting more and more challenging and will evolve into a very dynamic and competitive job market for individuals in financial accounting, analysis, and management.

Frequently Asked Questions

1. In which countries is US CMA recognized?

US CMA is a globally recognized certification and is recognized in almost all countries including the USA, UK, China, India, the Middle East, etc. 

2. Which one is better, CMA USA or ACCA?

CMA USA is the best choice for you if you’re interested in Management Accounting and Finance while planning to settle down in India, the Middle East, or Canada. If you like Accounting and Auditing then you could choose ACCA. 

3. Is US CMA hard for Indian students?

The US CMA Exam tests the Management Accounting intellectual capabilities of an individual. The average passing rate for both sections is 45%, which implies that only less than half of the candidates taking the exam will pass. However, with the right preparation one may definitely be able to pass all the exams. 

4. Which is a better course, the US CMA or FRM?

The best decision would be to choose the course based on your interest. If you’re interested in budgeting, costing, and financial management, then go for US CMA. If you prefer to risk and financial models, etc. then you could pursue FRM.

Conclusion 

CMA USA has a huge presence in the Middle East, UAE, Dubai, Baharain and Qatar. These companies spend a lot of money bringing in talent from around the world and putting them to good use in their businesses. Individuals who want to augment their career and upscale their skill base in the finance and accounting sector while working in the Middle East, obtaining a US CMA can benefit their job and financial goals and aspirations. If you are looking to make a life abroad, then learn all the CMA USA course details at NorthStar Academy and fulfill all your dreams now! Whatsapp us: +918147470707 for 

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