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.
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.
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:
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%.
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.
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:
|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|
|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|
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:
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:
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.
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.
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.
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.
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.
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.
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.
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.