The US CMA Credential: Is It Worth Your Time and Effort?by Miles Education Make an impact. Lead,Excel, Serve
Certified management accountant (CMA), a well-reputed certification, has garnered massive popularity over the past few decades in finance and accounting. For commerce graduates, it’s the best certification course to take their careers up a notch. Today, nearly every company, including the Big 4, hunts for US CMAs for their finance divisions, as they have the capability to cope with real-life use cases across corporate accounting and finance operations.
A growing number of accountants prefer pursuing the CMA course in India every year for diverse reasons, from career flexibility to prestige and so on. Indeed, in 2019, the number of new CMAs reached a record high.
So, what makes CMA a highly sought-after designation? Read on to learn more.
Gather Global Appeal with CMA Training
The prestige of having a US CMA designation isn’t limited to any particular country – the title transcends the borders. So whether you pursue a CMA course in India or abroad, the standards are the same. As per a report, CMA candidates surged by a 14% CAGR during 2010-20.
Recruiters expect the same degree of skill from US CMAs in any country. Besides, CMA credential is highly in-demand in developing regions, including the Middle East and China. If you dream of settling overseas, CMA review courses are the key to unlocking that opportunity.
Go through the US CMA Syllabus to Have Better Financial Knowledge
Enrolling in the CMA course in India demands in-depth knowledge of management accounting processes. Candidates develop practical skills, expand their knowledge base, gather data around the current market trends, and explore best finance practices used by industries. Applying these principles will grant transferable skills.
Often, a CMA’s roles and responsibilities are more specialized than a typical accountant’s job description. Doing tasks, such as budget assessment and planning, risk management in the daily repertoire, and making critical investment decisions, will expand the professional capabilities.
Complete the CMA Training to Enjoy Higher Pay Scale
No doubt, certified management accountants invest loads of time and money before getting into the workforce. While this might seem a significantly resource-intensive affair initially, their umpteen benefits of putting in these extra resources to complete the CMA course, particularly in the long run.
In India, a fresh CMA candidate can earn a starting wage of INR 4-8 lakhs per annum, which can climb up to around INR 80 lakhs once you become the chief financial officer (CFO) of an organization. And at the global level, individuals who have cleared the CMA exam make 58% higher median total compensation compared to non-CMAs. These numbers indicate that it won’t take much to recover the money you invested on a CMA course.
Enjoy More Power and Value after Doing CMA Review Course
No person who has passed the CMA exam will ever kick-start their career with an entry-level job, as non-certified blokes. CMAs cater to larger groups, big corporate houses, and MNCs.
As an esteemed skill, the individuals with the CMA credential enjoy more power and value as an employee in any company. They’re an asset to the organization and thus maintain a position in the notable books of the senior-ranking officials, chief executive officer (CEO), and board members. The performance of US CMA is cherished by the organization, and, as such, they deserve due importance.
Greater Job Security post Clearing the CMA Exam
Keep in mind that non-certified individuals are most subject to pandemics and recession. Greater job security is another perk of pursuing a CMA course. In addition, CMAs can uncover a broader array of career opportunities. They can work in corporate or public accounting wherein they generally fill positions, such as analysts, managers, auditors, and accountants. Furthermore, CMAs can serve multiple industries - healthcare, manufacturing, government, BFSI, transportation, and real estate.
Invest in CMA Training for Easier Leaps and Promotions
CMAs achieve higher designations in organizations than those who select alternate routes. Individuals who leap-frog into their careers with just a regular qualification and no further credentials usually take off their career with rudimentary positions and enjoy pretty limited career growth due to insufficient (required) experience and knowledge to reach the management level.
Meanwhile, CMAs get easier promotions and leaps as they receive training for management-level expertise. Even if they embark on their careers in similar lines with non-CMAs, the latter will always gradually run out of steam during their careers or have difficulty entering these higher positions in organizations.
Verdict: Just Go For it!
Certified management accountant is an incredible certification to acquire - it provides myriads of benefits. If you’re thinking of deep-diving into the US CMA syllabus, stop having second thoughts and go for it. Whether you’re a finance enthusiast who’s yet to choose your career path or an accountant already working in a firm, opting for the CMA online training is an excellent choice to make. It’ll considerably impact your career, and you’ll be glad that you’ve completed the CPA review course. Your dream job will knock on your doors much faster, and you’ll reach the peak of your career.
Miles Education is a premier training institute for finance & accounting professionals looking to earn US CMA credentials. The focus of Miles Education has always been to up-skill students and professionals to help them be future-ready and enable their career progression through the US CMA qualification.
Committed to achieving this goal, today, Miles is India's largest and #1 CMA review course! It has been instrumental in building India's CMA ecosystem, holding offices in 20+ cities and partnerships with 170+ MNCs, including all of the Big 4s. Miles Education provides student/professional-centric services while keeping concept-based learning at its core which has helped it climb to the top ranks in the US CMA course in India.
Created on Oct 23rd 2021 05:25. Viewed 304 times.