Why Choose M.Com with CMA USA Course | Learn from Experts

Shape Image One
Why Choose M.Com with CMA USA Course | Learn from Experts

Introduction

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.

Why Choose 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.

  • The US CMA certification is slowly gaining traction and becoming a highly valued credential within financial management and business accounting.
  • Certified US CMA professionals get international recognition, which opens up many career opportunities and job roles in the field of Finance and accounting.
  • With recognition in 100+ countries, the US CMA certification provides candidates with the opportunity to work for organizations and multinational companies in India and abroad.
  • Qualified US CMA candidates are eligible for a four times increase in salary compared to graduate students.
  • Pursuing M.Com with CMA USA is very much manageable as the CMA USA course can be completed within nine months with complete preparation for its certification exam.

M.Com vs 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.

M.com With Cma Usa

M.Com with CMA USA

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.

  • External Financial Reporting Decisions (15%)
  • Planning, Budgeting, and Forecasting (20%)
  • Performance Management (20%)
  • Cost Management (15%)
  • Internal Controls (15%)
  • Technology and Analytics (15%)

The Part-II syllabus of the CMA USA course consists of Strategic Financial Management, the subtopics of which are given below.

  • Financial Statement Analysis (20%)
  • Corporate Finance (20%)
  • Decision Analysis (25%)
  • Risk Management (10%)
  • Investment Decisions (10%)
  • Professional Ethics (15%)

Now that you know the USA CMA exam syllabus, let us look at the exam pattern.

CMA USA 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.

  • Number of MCQs: 100
  • Number of Essays: 2 
  • Maximum time allotted for Essay: 30 minutes
  • Minimum passing percentage: 75%

M.Com with CMA USA Duration 

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. 

M.Com with CMA USA Fee

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.

Finance Career Cta

US CMA Exam Fee

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.

M.Com with CMA USA Salary

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.

FAQs:

What are the fees for the CMA USA course?

The course fee for pursuing CMA USA alongside M.Com has been discussed above.

Which degree is best for CMA USA?

Candidates from any educational background can pursue CMA USA given that they have completed their Bachelor’s degree program and fulfill the eligibility criteria as specified by the IMA. Students from a Commerce background can best use the CMA USA certification.

Is it good to do CMA after MCom?

With the right guidance and ample effort, candidates can pursue CMA USA alongside M.Com and crack the USA CMA certification exam. You can also pursue CMA USA after completing M.Com.

What is the US CMA salary in India?

On average, a certified USA CMA professional draws a salary of around ₹8,00,000 annually. With higher job roles, the salary packages offered increase as well.

Who is eligible for CMA USA?

The eligibility criteria for taking the US CMA exam are as follows:

  • The candidate must have a Bachelor’s Degree from a renowned institution, preferably in a related field of study.
  • The candidate must possess a minimum of two years of professional experience in financial management and business accounting.
  • The candidate is also required to have an active IMA membership.
  • Must adhere to Statement of Ethical Professional Practice by IMA.

Can I do CMA USA with B.Com?

The CMA USA course can be pursued alongside B.Com. NorthStar Academy provides specially designed courses for college students who cannot pursue weekday classes.

How can I become a CMA after M.Com?

You can become a professional US CMA by clearing its certification exam. You can join a CMA USA course while pursuing M.Com and clear the exam at the same time as your master’s degree program, following which you can become a successful USA CMA.

Is the US CMA equivalent to a Master’s degree?

In India, the UGC recognizes the US CMA qualification as equivalent to a postgraduate degree. Although the CMA USA is a professional certification that certifies individuals as having expertise in the field of Finance and Accounting, the companies prefer CMA USA over other PG courses like M.Com.

Is US CMA better than MBA?

US CMA can be completed alongside your normal course of study. You can even pass the exam before you finish your MBA. The USA CMA exam can be managed well within a year, while a traditional MBA program takes up to two years. From a course fee point of view, it is economical to go for USA CMA.

Conclusion

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

    Let us know about your basic qualification

    Set your Professional Goals with us

    Everything is right here! Just fill this form.

      Let us know about your basic qualification

      How to scale up in a Finance Career CMA/CPA ? CMA USA vs CMA India: Which Course is Better in 2023? What Is CPA? Know The Benefits, Eligibility & Syllabus ACCA Syllabus And Papers – Guide to Approach ACCA Exam Why choosing the CMA USA in India? For Students and Professionals? ACCA Job Opportunities & Employers in India 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 ?