When you look out for some of the best accounting and finance courses across the world, CMA is a prominent name to check out. It is a globally recognized course that inspires candidates also in India. If you are someone who wishes to pursue this course, you should first understand what US CMA is and check out its necessary details.
What is the US CMA?
CMA stands for certified management accountant course. It is a globally recognized professional course that trains candidates in accounting knowledge and management skills to make them capable of making correct financial decisions.
US CMA Eligibility
Candidates should have these eligibility criteria to pursue US CMA course:
- Educational Qualification:
Graduates from any stream can pursue the US CMA course. Of course, candidates from a commerce background will have an added advantage.
- Other Eligibility:
The candidates pursuing the course should have worked for at least 2 years in a relevant field. In the case of part-time, it should be 4 years.
You can complete the CMA course and then get work experience to request the CMA certificate. But another great way is to get work experience at the same time when you are pursuing the course, to save time.
US CMA Duration and Syllabus
Even if you are eligible for the course, you should know the US CMA course details and duration in India.
The US CMA course duration is 12 to 18 months but you can even complete the course before that if you are dedicated to the course.
The CMA course is divided into two parts. You will have to pass the exam for Part 1 first and then can appear for the 2nd part.
US CMA Part 1 syllabus consists of:
- External Financial Reporting Decisions
- Planning, Budgeting, and Forecasting
- Performance Management
- Cost Management
- Internal Controls
- Technology and Analytics
US CMA Part 2 syllabus consists of:
- Financial Statement Analysis
- Corporate Finance
- Decision Analysis
- Risk Management
- Investment Decisions
- Professional Ethics
While you will get manuals for completing the syllabus, you should also get help from guides to prepare for the exam in a much better way. Thus, enrolling in a good coaching center like Zell Education is one of the best options to prepare for the exams better.
US CMA Exam Structure
CMA offers extreme flexibility to the applicants. You can appear for the exam in any of the three slots each year which are in January/ February, May/June, and September/ October. Moreover, you should book your slots at least 2 hours before the exam goes live.
Each CMA exam will consist of 2 parts with a duration of 4 hours each. In each part, 75% of the paper is based on MCQ while the rest 25% is essay-type questions. So, ideally, you have to devote 3 hours to objective-type questions and 1 hour to essay-type questions.
The exams are rated in scores of 0 to 500 in which students will have to score at least 60 to pass.
Once you are confident that you have prepared well for the exam, you can appear for it. You will have to get registration done and pay an exam fee to appear in each exam each time.
US CMA Career Options in India
Apart from passing the CMA exams, you also will have to get work experience of 2 years in full time or 4 years in part-time to get the US CMA certificate. Once you have attained the CMA certificate, you can go for many potential career options and some of them are:
- Credit Analyst
- Chief Financial Officer
- Finance Manager
- Financial Director
- Cost Accountant
- Financial Risk Manager
The major roles of the candidates who get into potential career options after getting a CMA certificate are:
- Compliance administration and management
- Investment management
- Fund management and arrangement
- Team supervision
CMA certificate holders in India can start their fresh careers in the accounting and finance industry with an initial salary package of Rs. 1 lacs per annum and grow gradually with increasing experience and positions in different organizations. While a financial analyst may earn Rs. 8 lacs per annum, a CFO may earn a package of Rs. 74 lacs per annum.
Conclusion
CMA offers potential and lucrative career opportunities to candidates in the financial and accounting sectors. But to pursue the course, you should check US CMA course details and duration in India once. Enrolling in a reliable coaching center is one of the best options to understand the course details properly and pursue the course smoothly.
Zell Education is one of the best options if you wish to pursue the US CMA course/ The experts will help you get registered for the course, and learn the manuals with the help of CMA certified and professional trainers. Most importantly Zell offers mock tests for the students with feedback to make them practice efficiently. Also, the candidates get 100% job assistance after the completion of the course.