Scope of US CMA Course In India 2021 | Simandhar Education

(US CMA) US Certified Management Accountant designation is recognized globally with a special focus on corporate finance and management accounting. It is a certification in financial accounting and strategic management. The US CMAs work in strategy teams, corporate finance, and accounting teams in an organization/company. 

In this globalized era, many companies and organizations require CMAs specializing in value creation and business strategy. Over the years, the significance of CMA has been rising fabulously. It is because of the economic growth in India and large foreign business markets. One of the greatest advantages of having US CMA certification is it will open many prospects for Indian candidates. After completing the US CMA course, one can work as a Finance Manager, Financial Analyst, Financial Controller, Internal Auditor, Relationship Manager, Cost Manager, Chief Financial Officer (CFO), and Cost Accountant.

In this corporate accounting world, the CMA USA designation is very respectable. It is specially designed to measure accounting management and critical accounting skills. In Indian MNC’s, the US CMAs have good opportunities. Degree holders with US CMA certification are in high demand by the enterprise, education, training, public and private sectors.

CMA USA certification stands out as a demanding and powerful career option in India. With the unprecedented rate at which most of the companies, enterprises, and organizations transform globally, the CMA career prospects are rising in all the economic activities. 

The benefits of the US CMA course include good business approvals, more career opportunities, steady financial growth and many global opportunities.

In India, there are many opportunities for US Certified Management Accountants. Leading global companies such as Accenture, Amazon, HPE, Toubro, Larsen, Cyqurex, and Wipro have partnered with IMA to seek talented CMA certification holders for job placements and internships within their companies across India. As per Naukri.com, there are around 40,000+ job openings in various companies for a US CMA.

As the highest management accounting credential, the US CMAs are sought after as their scope spans across different levels in a company. Being in demand, the US CMAs are in an advantageous position as regards the salaries they can command.

In India, the average salary of a CMA (USA) is ₹ 808,216

The US Certified Management Accountants are in great demand in the banking, finance, public and private sectors. They are experts in cost management and budgeting.

In India, given below are the most common industries that employ US CMAs:

Skills acquired while pursuing the US CMA course enable the candidate to connect with finance concepts to accounting applications. Besides, CMAs can hone accounting and financial data analysis, which is used to improve performance and make strategic business decisions. 

In India, the US CMA course fees range between 1.25 to 1.50 lakhs with exam fees and training fees included.

There are two parts in the US CMA exam. 

Part:1 – Financial planning, Analytics, and Performance 

Part:2 – Strategic Financial Management

Corporate Finance (20%)

Investment Decisions (10%)

Decision Analysis (25%)

Professional Ethics (15%)

Financial Statement Analysis (20%)

Risk Management (10%)

It takes a minimum of 6 months to complete the US CMA course. IMA provides a US CMA course duration of a maximum of 3 years. 

Conclusion:

The above article gives you a detailed analysis of the US CMA scope in India. Still, you have any queries in the US CMA course, cost, duration, and syllabus feel free to contact Simandhar Education (The largest training provider for US CPA & US CMA courses in India) – 91 9390584166.

Report this Page