How To Become CMA USA in India : Huge Scope for 2022

Shape Image One
How To Become CMA USA in India : Huge Scope for 2022

The Institute of Management Accountants (IMA) in the United States awards the Certified Management Accounting certification. The Certified Management Accountant (CMA) certification demonstrates that the individual has a deep understanding of decision support, financial planning, analysis, control, and professional ethics. The Institute of Management Accountants offers the CMA; a worldwide recognised credential centred in IMA US. The IMA US has a more than a 100-year record, and there are presently more than 1,40,000 US CMA certified applicants in 150+ countries.

Exam dates for CMA USA in India

The CMA USA exam test has been totally revamped and is now administered at Prometric Centers around the world. It’s essential that you schedule your assessments for one of the available testing windows that best meets your needs. You are also advised to book your testing slot ahead of time to ensure that you get your desired testing window (dates and time schedule) for CMA USA testing.

CMA USA Exam 2022 Testing Window

  • January 1st to February 28th
  • May 1st to June 30th
  • September 1st to October 31st

ICMA Prometric Testing Centers administers the CMA USA Tests.

In and around India, there are now 10 CMA USA exam centres:

  • Ahmedabad
  • Allahabad
  • Bangalore
  • Chennai
  • Kochi
  • Gurgaon
  • Hyderabad
  • Kolkata
  • Mumbai
  • Trivandrum

At one of the eight regional IMA chapters, you can mingle and network with other CMAs:

How to Become a Certified Management Accountant in India

Join the comprehensive course for CMA USA in India from NorthStar Academy – Best award winning training institute in India and clear your CMA USA in your very first attempt.

Exam Passing Rates for CMA USA in india

  • Part 1 of the CMA test has a success percentage of 40%, whereas
  •  Part 2 has a pass rate of 50%.

A candidate should be able to recognise the financial statements requirements, as well as their primary components and categories, as well as their benefits and drawbacks, as well as their consequences. One can also show that they understand the needs of each of the assertions, as well as the relationship between them and how they were prepared. A candidate should be able to distinguish between financial and operating leases, recognise capital transactions, and understand the variations between US GAAP and IFRS, among other things. 

Exam Pattern for the CMA USA in India

The US CMA test has two segments, and you don’t have to take them in any specific sequence. The two portions of the CMA USA Exam are both four hours long and include the following:

Type of questions in CMA USA:

Question type  Duration No of questions Time per question
Multiple Choice   3 hours 100 1.8 minutes
Essay type   1 hour   2 30 minutes

This means that, depending on your preferences, you can register any part first. The CMA USA test comprises 100 multiple-choice questions (MCQs) and two essay questions in each section. The MCQs account for 75% of your overall score on the CMA exam, while essay questions account for 25%.

Topics of the CMA USA Exam:

Sections Part 1 Weightage Sections Part 2 Weightage
Section A External Financial Reporting Decisions 15% Section A Financial Statement Analysis 20%
Section B Planning, Budgeting and Forecasting 20% Section B Corporate Finance 20%
Section C Performance Management 20% Section C Decision Analysis 25%
Section D Cost Management 15% Section D Risk Management 10%
Section E Internal Controls 15% Section E Investment Decisions 10%
Section F Technology and Analytics 15% Section F Professional Ethics 15%

Also read : CMA Remote Test – How To Ace Your CMA Exam From Home

CMA USA in India Exam Format 

The minimal time required to complete US CMA is six months, with an average of one year and a maximum of three years. Completion is determined by a number of elements, including the amount of time you have to study, how you plan your studies, and how well you know your fundamentals.

Eligibility for the CMA USA in India

To be eligible for CMA, you must meet the following requirements:

  • Pay the IMA Entrance Fee through NorthStar Academy – IMA’s Gold Approved Partner
  • Here again, you can pay directly to IMA, or through NSA since it again would help you save and get discount coupon codes and IMA Student Scholarships as well.
  • Book the exam with ICMA Prometric,
  • Complete all assessment sections that are required (Clear 2 exams – Part 1 and Part 2)

  • Acceptance of the IMA’s Statement of Ethical Professional Practice.
  • Upload Bachelors certificate and 2 years of relevant work experience certificate.

Congratulations, you are a CMA USA now. 

Job Openings for CMA USA in India

CMA US from the United States is in high demand across the Globe. Multinational enterprises such as Accenture, Amazon, Deloitte, EY, KPMG and other MNC’s are hiring qualified CMA USA’s candidates for Managerial jobs such as Financial Controllers, Financial Analysts, Treasury, Budget Analysts, Cost Auditors, Financial Manager, VP Finance and CFO. Because they are in high demand in a variety of sectors for a variety of abilities, US CMAs have plenty of career prospects in India, including those listed below and a lot of others in the finance industry.

  • Financial planning and analysis
  • Preparation of financial statements
  • Forecasting
  • Managing general ledger and balance sheets
  • Managerial accounting
  • Company investment decision making
  • Risk evaluation
  • Costing analysis
  • Top-Level Management
  • Chief Executive Officer
  • Chief Financial Officer
  • Corporate Controller
  • Corporate Treasurer
  • Director
  • Owner
  • Partner
  • President
  • Senior Vice President
  • Vice President
  • Senior Management
  • Chief Accountant
  • Consultant
  • Accounting Manager
  • General Manager
  • Manager
  • Plant Controller
  • Vice President
  • Middle Management
  • Sr. Accountant
  • Assist. Corporate Controller
  • Consultant
  • Divisional Controller
  • General Manager
  • Academic Positions
  • Assistant Professor
  • Dean
  • Department Chair
  • Professor

CMA USA Job role in Big 4’s and MNC’s

  • Preparation of internal and external financial statements 
  • Financial planning and analysis
  • Auditing majorly with internal auditing
  • Budgeting preparation and reporting 
  • Manage Financial Statements and notes 
  • Forecasting the next emerging technologies
  • Company investment decisions
  • Cost analysis
  • Risk evaluation and control

FAQs

1.What Is a CMA USA Course?

The CMA USA course (Certified Management Accountant) certification in the United States has long been the gold standard for accounting and financial professionals around the world. The CMA USA course is an advanced professional certification that assesses critical accounting and financial management skills. 

2. When is the CMA USA Exam window?

CMA USA exams are conducted thrice a year. 

  • January 1st to February 28th
  • May 1st to June 30th
  • September 1st to October 31st

3.  What is the validity of the CMA USA exam part?

You must pass both the parts of CMA USA exam with 3years from passing one part of CMA USA exam. Otherwise the qualified part becomes null and void.

4.  Which part of the CMA USA exam is Easier?

Generally Part 2 is comparatively easier than Part 1 in CMA USA exam.

5. Do I need an accounting background to enroll in the CMA USA program?

Not necessarily accounting background is required for starting your CMA USA journey. You can join the CMA USA comprehensive course from NorthStar Academy for a depth and conceptual training.

6. What is the Salary of CMA USA in India?

 A fresher CMA USA earn around 4.5lks to 6lks per annum. An experienced CMA USA candidate earn upto 10 lks per annum.

The following are the list of eligibility for CMA USA exams :

Exam Eligibility: You are eligible to appear for the exam immediately after successfully passing the Class 12th exam. This is the most important part of the CMA US journey since after passing the exam, you can apply for jobs even if your certification has been pending. 

IMA Membership Eligibility: After passing the CMA Exam, you can apply for IMA certification and membership. Remember, you have 7 years’ from the date of passing the exam to apply for IMA certification and membership.

To apply for IMA certification and membership, you must have 

  • A Bachelor’s degree or comparable professional certification from an approved college or university &
  • 2 years of relevant work experience in the field of Accounting and Management.

Every year, a large number of Indians look for information on the CMA USA certification, if you’re interested in earning the CMA USA in India then no need to worry, register at NorthStar Academy – Best Award winning training institute in India for CMA USA classes. 

Salary of CMA USA  vs. Non-CMA in India

The CMA has a significant impact on compensation in India, according to one of the most notable conclusions from the IMA’s salary survey.  Additional professional options and routes are among the CMA perks received by IMA members in Asia. Almost 65 percent of Asian CMAs stated the certification broadened their professional opportunities, and 90 percent said it improved their ability to move across industries.

Final Conclusion About CMA USA in india

NorthStar Academy’s CMA USA course will help you learn about the basics of CMA USA and provides conceptual and detailed understanding about the subject matter. You learn the 12 sections in depth and multiple mock tests to support your CMA USA journey.

This CMA USA comprehensive course will teach you the skills necessary to become a Certified Management Accountant at the earliest. This course is also an excellent way to advance your finance and management career so enquire now and get connected with expert CMA USA counsellors now and avail early bird offers in the upcoming CMA USA batch with NorthSar Academy. 

1 Comment

Leave a Reply

Your email address will not be published.

Set your Professional Goals with us

Everything is right here! Just fill this form.

    Let us know about your basic qualification

    How to Pass ACCA Exams – Effective Last-minute Ways How to Become a CMA USA in Dubai, Qatar, and the Middle East: Guide CMA’s Salary in Dubai and the Middle East CMA Salary in India: Expert’s Guide CMA USA vs FRM: Which Is the Best Career Option? US CMA Exam: How much time do I need to study for Fully Prepared? Best CMA USA Online Classes in 2023 Complete Guide To Ace CMA Essays – Navigation Career options after B.Com Passing CMA Part 2: Guide to Cracking the CMA Exam Best career options after B.Com Complete Guide To Ace CMA Essays What are the career options after B.Com Who Is The Best CMA/CPA Mentor In The World ? How Hard Is the CMA USA Exam Guide to become a CPA in 2022 5 Best Global Certifications preferred over MBA in 2022 How to overcome failure in the USA CMA Exam and remain positive ? Best Courses to pursue after 12th Commerce Best coaching for CMA USA in Kerala