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In India, after graduating with B.Com, commerce students often go for the conventional M.Com course just to get a degree without knowing the relevance of the degree or not knowing what they want to achieve or pursue further in life. Given the rapidly changing dynamics of the marketing field, it is often imperative to decide whether to pursue additional qualifications or which one to go for, for that matter. Commerce is a vast stream, offering many career opportunities and jobs to pursue. In recent years, the US Certified Management Accountant (CMA) certification has become widely prevalent as a career option sought after by numerous students of the Finance and Accounting community. The US CMA is slowly gaining popularity in India after marking its prominent presence in over 100 countries.
While you can pursue M.Com with CMA USA, you should understand why you should get the CMA USA despite pursuing a postgraduate degree program.
In this blog, we discussed the benefits of pursuing an M.Com with CMA USA.
The Certified Management Accountant (CMA) of the USA is a professional credential offered by the Institute of Management Accountants (IMA). It is internationally recognized and is a highly sought-after certification by students of the Finance and Accounting community. According to a survey by The Times of India, the US CMA has become the most preferred professional credential for specialization in the Auditing and Accounting industry.
There are many ways in which students, as well as working professionals, benefit from this certification. Let us take a look at some of the perks of pursuing MCom with CMA USA.
True, the traditional way to approach your career after B.Com is to enroll in an M.Com program. But in today’s changing industry dynamics, M.Com does not provide as much value as a professional certification. Besides relying on campus placement offers, there is not much choice given the current employment scenario in the post-pandemic world.
Meanwhile, CMA USA trains individuals according to the current needs of the financial industry, making US CMA professionals excellent candidates for top management-level job roles. Another important aspect of pursuing this certification program is the duration within which you can complete a US CMA course, pass its certification exam, and become a certified US CMA. Typically, with ample effort, it takes less than a year to successfully pass the US CMA exam, while to get the M.Com degree, you must complete four semesters.
Now to address the elephant in the room – is M.Com with CMA USA difficult? It is definitely not going to be a matter of a cakewalk, but it is totally possible to do both at the same time. With ample dedication, effort, and a lot of practice, you can crack the USA CMA exam gracefully alongside your master’s degree program. You can enroll in a US CMA training course online according to your comfort and time bounds for additional guidance and support.
Read ahead to get all the details of the US CMA course.
If you are currently pursuing M.Com and have become determined to pursue CMA USA alongside, taking up a US CMA coaching is going to be a wise thing to do walking ahead. To pursue M.Com with a CMA USA course, you should be well aware of the course of study, syllabus, exam pattern, duration, and course fee so that you can prepare well for the US CMA exam and clear it in one attempt.
CMA USA Syllabus
M.Com with CMA USA subjects in the CMA USA course is curated according to the syllabus and is divided into two parts based on which the exam is set- Part-I and Part-II.
The Part-I syllabus of the course consists of Financial Planning, Performance, and Analytics. The subtopics of Part-I are given below.
The Part-II syllabus of the CMA USA course consists of Strategic Financial Management, the subtopics of which are given below.
Now that you know the USA CMA exam syllabus, let us look at the exam pattern.
| Exam Name | Type of Questions | Duration of Exam | Total Marks Allotted |
| Financial Planning, Performance, and Analytics | MCQs + Essay | 4 hours | 500 |
| Strategic Financial Management | MCQs + Essay | 4 hours | 500 |
You must note the following information about the US CMA exam.
Typically, M.Com with CMA USA can be completed within a duration of 2 years. You can enroll in the US CMA course when you start your M.Com or even later. With the right guidance and ample effort, you can pursue and complete the CMA USA in just one year, and M.Com will take its two years in the meanwhile.
When you enroll for M.Com with CMA USA, you need to know the course fee and exam fee so that you can make informed decisions ahead. No matter whether you are a working professional or a student, you can get discounts on exam fees on enrolling with US CMA coaching. You can opt for online classes according to your availability time. Conversely, M.Com fees will depend on the college you choose. The fees for M.Com in India range from INR 20,000 to 3 Lakhs.
Let’s take a look at the US CMA exam fees.
The fee break-up is separate for students & working professionals. Working professionals are required to pay an Entrance fee of USD 280 along with an International Membership fee of USD 260. Students need to submit an Entrance fee of USD210 along with a Membership fee of USD135. Apart from that, students and working professionals are also required to pay an Examination fee of $345 and $460, respectively. Here is the table to understand better.
| Particulars | For Students(in US $) | For Professionals(in US $) |
| Fees for membership in the IMA | $135(3 years) | $260(1 year) |
| CMA USA exam entrance fees | $210 | $280 |
| CMA Part – 1 Exam | $345 | $460 |
| CMA Part – 2 Exam | $345 | $460 |
| Total | $1,035 | $1,460 |
After enrolling in an MCom with CMA USA coaching, you become eligible for discounts on the IMA exam fee. Moreover, you can enroll in an online classroom course that suits your needs. Find details of MCom with CMA USA course fee structure below.
While there are fewer options open to candidates after completing M.Com alone, pursuing MCom with CMA USA opens up many career opportunities to candidates in financial management and business accounting. Candidates become eligible to bag the top job titles across several industries in India and abroad.
According to Payscale, the average salary of a US CMA in India is ₹7,92,000 in a year. A Chief Financial Officer (CFO) enjoys an average annual salary of INR 36,00,000, while a Cost Accountant earns INR 6,10,419 annually, and an Accountant earns around INR 3,00,000 annually. A Financial Analyst earns a salary of INR 5,81,718 annually.
Pursuing MCom with CMA USA certainly has many exciting benefits. Everything has been summed up for you to make a decision on whether or not you should take up MCom with CMA USA.
The eligibility criteria for taking the US CMA exam are as follows:
Hopefully, all the information in this article will help you make an informed decision. While pursuing the M.Com with CMA USA is a plus, cracking the US CMA certification exam will not be easy. But it is not impossible either! To help you step ahead in your preparation, NorthStar Academy provides an all-encompassing, comprehensive US CMA course for students of all educational backgrounds, which they can pursue alongside their M.Com.
NorthStar Academy offers a comprehensive CMA USA certification course to students pursuing M.com as well as to working professionals. In association with Gleim, NSA provides the most preferred study material, which highly experienced teachers have carefully curated in accordance with the latest exam syllabus. Candidates enrolling at NSA benefit from being mentored by the best faculty in India, M Irfat sir.
Candidates can also avail themselves of Bundle discounts on the IMA exam fees on enrolling with NorthStar Academy and many more such exclusive benefits. If you are pursuing a full-time M.Com with CMA USA, you can also enroll in an online course at NorthStar Academy and become a successful Certified Management Accountant within a year! +918147470707.
