CMA USA in UK : Aspects of CMA USA Certification Course in the UK

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CMA USA in UK : Aspects of CMA USA Certification Course in the UK

CMA USA in UK

The Certified Management Accountant (CMA), often known as the CMA USA, is the highest management accounting certification awarded by the Institute of Management Accountants (IMA) in the United States. The IMA, the official body accrediting CMA USA, was founded in 1919 and now has over 90,000 members worldwide, with a global presence in over 140 countries. Getting the prestigious CMA USA certification of a leading country such as the United States provides you with International exposure and recognition.

Suppose you’re staying in the UK and seeking a specialized certification in the accounting field. In that case, this blog will provide you with all the important information about CMA USA in UK, its curriculum, requirements, fees & other costs, and much more.

Benefits of CMA USA in the UK

It should be obvious that such a prevalent certification in the accounting field, pursued by lakhs of professionals, must have some major benefits. Indeed, there are some excellent reasons to opt for this certification in the UK, which we have enlisted below.

  • High Salary – The CMA USA in UK certification allows you to work in multinational corporations and will help you find high-paying jobs straight away. As a Certified Management Accountant, you can negotiate for a higher salary than a regular bachelor’s degree holder.
  • Career Growth – One of the most significant advantages of having a CMA USA is the opportunity for professional growth and development. With the verification in the CMA program, you will be hired in some of the most critical management jobs at organizations such as Hewlett-Packard, Capgemini, and the Big 4s (Deloitte, KPMG, EY, and PwC).
  • Global Opportunities – CMA USA is globally recognized by countries like China, India, the United Kingdom, Canada, and the Middle East. It provides an opportunity to work and settle abroad while learning about global practices and corporate principles.
  • Short Duration – CMA USA course can be completed in 12 to 18 months (however, it will take around 6-9 months if you choose NorthStar Academy), so the short duration of the course is another benefit of enrolling in it.
  • Doorway to Management Accounting – The CMA USA in UK course integrates accounting and financial expertise with a thorough understanding of management strategies. So, if you wish to pursue a career in business management with a strong emphasis on accounting and finance, the US CMA may be an excellent choice.

Eligibility Criteria for CMA USA in the UK

To enroll in this esteemed program offered by the IMA, you must meet the requirements set out by the academy. Candidates with discrepancies in their application or those who fail to meet the requirements will not be allowed to get admission to the course. The following are the key requirements for admission to the CMA UK course:

  • You must be a current Institute of Management Accountant or IMA member to qualify for the CMA exam. You can apply for IMA certification and membership after completing the CMA Exam. You have seven years from the date of your exam pass to apply for IMA certification and membership.
  • A bachelor’s degree or equivalent professional certification from a recognized college or university. Immediately after completing the Class 12 exam, you are qualified to take the CMA exam. Students who are pursuing a bachelor’s degree or professional certification can also sit for the CMA examinations.
  • You must have two continuous years of management accounting or financial accounting work experience. The practical experience must be accomplished before or within seven years of the exam.
  • The IMA’s Statement of Ethical Professional Practice must be followed.

CMA USA in UK – Exam Structure

The CMA test is accessible in two parts, and passing both examinations is required to get this credential. CMA USA Part 1 or Part 2 examinations can be taken in any sequence, but you will only be qualified for the next one if you pass the first one. Depending on your choices, you can register for any of the two exam parts first. If you want to take the exam again after registering for it, you must reapply since your registration is only valid for one exam window.

The testing window opens every year in the months of January/February, May/June, and September/October. Hence, you can reserve the time slot of your preference and schedule your exam appropriately.

The CMA USA test is computer-based. Both exam parts will last 4 hours each and consist of 100 MCQ questions (3 hours) and two thirty-minute essays. Each exam part carries 500 marks, and 360 marks are required to clear the exam. The MCQs contribute 75% of your total CMA USA exam score, while essay questions contribute 25%.

CMA UK Course Duration

The time required to earn the US CMA certificate might extend from 6 months to 3 years, depending on the candidate’s strategy and study schedule. An applicant must clear both the exam parts within three years of the date of registration, as per IMA regulations. 

CMA USA Fees in the UK

The costs of the CMA USA certification depend on the applicant’s position, whether they are professionals or students. Professional members of IMA pay a different CMA USA membership fee than the student or academic members. The exam fee breakup for this certification is shown in the following tables:

For Students

CMA USA Course Fee Particulars Course fee from March 2022 (in USD)
Membership Registration Fee 135
IMA Entrance Fee 210
Part 1 Exam Fee 345
Part 2 Exam Fee 345
Total 1035

For Working Professionals

CMA USA Course Fee Particulars Course fee from March 2022 (in USD)
Membership Registration Fee 260
IMA Entrance Fee 280
Part 1 Exam Fee 460
Part 2 Exam Fee 460
Total 1460

CMA USA in the UK – Course Curriculum

The CMA USA course is divided into two parts that cover a combined total of 12 sections. Take a look to understand the CMA USA course syllabus for both exam parts, along with their percentage breakup:

Part 1: Financial Planning, Performance, and Analytics

  • Decisions on External Financial Reporting (15% )
  • Budgeting, planning, and forecasting (20%t )
  • Management of Performance (20% )
  • Management of Costs (15%)
  • Internal Regulations (15%)
  • Analytics and technology (15%)

Part 2: Strategic Financial Management

  • Financial Statement Examination (20%)
  • Finance for Corporations (20%)
  • Analysis of Decisions (25%)
  • Investment Choices (10% )
  • Ethics in the Workplace (15%)
  • Management of Risk (10% )

CMA USA in the UK – Career Opportunities

A CMA USA has a solid knowledge of the Management Accounting and Financial Reporting and Management competencies required by today’s competitive firms. The CMA is an advanced professional certification that provides a competitive edge and qualifies you for jobs with companies like Oracle, Accenture, JP Morgan, and the Big 4 businesses. This education is so essential that many US CMAs become CFOs of well-known companies. 

Below are some of the best job opportunities you can get after CMA USA in the UK:

  • Financial Analyst: Financial analysts give reports on the business’s stability, liquidity, profitability, etc., and have in-depth knowledge of market trends. As a Financial Analyst, you may work for any Big4 accounting firms, other Multinational Companies, or even a bank or insurance agency. 
  • Finance Manager: A Finance Manager is responsible for developing and maintaining accounting systems. They monitor daily operations, take Financial decisions and make reports, and establish stringent accounting principles & policies to ensure the seamless flow of all the financial activities throughout the company.
  • Cost Accountant: Their main goals are reducing finance waste spending and boosting profit margins. A cost accountant with the CMA certification is qualified to perform cost accounting and provide strategic plans to senior leadership for implementation. 
  • Chief Financial Officer: The CFO holds one of the top positions in a company. After acquiring the CMA USA certification, it is regarded as one of the most attractive positions. A CFO manages all financial reporting, makes financial business decisions, monitors cash flow, and suggests corrective measures. 
  • Finance Controller: Finance Controllers report directly to Chief Financial Officers and must make strategic decisions and supervise other Accounting professionals. A Financial Controller’s everyday activities include auditing, supervising tax problems, and even developing Financial Strategies to plan for probable hazards. 

CMA USA Salary in the UK 

Opportunities for CMAs are growing in the UK. Professionals with CMA certification command high salaries in the UK job market due to their great demand. CMA UK’s salary is £36,559, which is significantly higher than many other occupations. With a range of £699 to £27,789, the average additional CMA UK Salary is £4,409. However, many factors can determine CMA salary in the UK, such as experience, location, specific CMA job description, etc.

FAQs 

1.Can I get a job in the UK after CMA USA?

Even though CMA is globally recognized, few people know its availability outside of the United States, Canada, and Australia. However, CIMA is the preferable alternative if you want to go to the United Kingdom or any of its Commonwealth nations for job opportunities. The Chartered Institute of Management Accountants (CIMA) is a non-profit organization located in the United Kingdom. It provides training and expertise in Management Accounting and other relevant disciplines. CMA is more popular in countries like Canada, USA, India, China, the Middle East, etc.

2.Is CMA USA better than CIMA UK?

US CMA is a management accounting course provided by the Institute of Management Accountants in the United States, whereas CIMA is administered by the Chartered Institute of Management Accountants (CIMA). CMA is more commonly recognized in the United States, but CIMA is a recommended certification for employment in the United Kingdom or Europe. It would not be fair to conclude which course is better because It all comes down to the candidate’s interests and the amount of time, money, and effort they are prepared to invest. Choose CMA USA certification if you wish to settle in the United States of America or any other country and CIMA certification if you want to settle specifically in the United Kingdom.

3.Which country is best for CMA USA?

If you’re talking about CMA (USA), the ideal workplace is in the United States. However, in addition to the United States, you may also find excellent opportunities in India, the Middle East, and Africa. The US CMA is well-known across the world. It is an Institute of Management Accountants (IMA) course that focuses on financial planning and decision-making.

4.Which is best, CMA India or CMA USA?

The US CMA and CMA India are renowned accounting programs that provide various options. The CMA course, whether it is based in the United States or India, offers a variety of possibilities for students and existing accounting professionals who wish to enhance their careers. The selection between a CMA USA and an Indian CMA is based on one’s needs. CMA India is a good option for someone who desires a long-term course of 3-4 years with 20 examinations and exclusively wishes to work in India. However, if you are looking for global opportunities with a shorter course duration, the US CMA is the right choice for you. 

5.Is CMA USA Recognized in Europe?

Employers in Europe and throughout the world hold high esteem for the CMA. Employers in Europe have high regard for this certification. The US CMA is a certification accepted worldwide, including in the USA, UK, China, India, the Middle East, etc. With the certification, the applicant can manage the account, deal with consequences, and make quicker business choices. With your globally recognized knowledge, professional growth & development has no boundaries. You will be recognized for a global career, whether domestically or internationally, and you will be included on the worldwide registry of active CMAs.

6.Is US CMA valid in the UK?

CMA USA is a globally recognized certification and valid certification in the UK. However, CIMA (Chartered Institute of Management Accounts) is a preferable option if you intend to visit the United Kingdom for employment opportunities. CIMA can also be the best option for you if you want to learn about business techniques used in accounting and would desire to work as a management accountant.

Conclusion

A candidate may find various opportunities after earning a CMA USA in UK certificate. This certification will help you improve your reputation whether you work in the financial, accounting, or business industries. Every applicant nowadays applies for the CMA USA course due to the high-level employment opportunities and lucrative wages. With the help of this qualification, candidates will learn the difference between accounting and effective accountancy. As a result, earning a CMA certification might make your business more appealing.

Nothing surpasses NorthStar Academy when it comes to CMA USA certification. NorthStar Academy will provide you with specialist US CMA study materials and our top-notch CMA USA course to help you prepare for the CMA (USA) exam. We provide students with the most dependable and current 12-section Becker study guides, which are the most well-known and relevant for the CMA USA exam. To help students choose the correct career choice, we have some of India’s top teachers in the financial sector, such as M. Irfat Sir.
You can contact us at +918147470707 to learn more about these courses and receive the best advice possible.

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