obtainment of the US CMA certification is alluring for a vast number of professionals and students in the accounting arena. This has several beneficial implications to contemplate from present to future career path. A CMA US credential can largely intensify the career of an accountant drastically. • Being an ambitious accountant, if you really add a spark to your career, you can steadily take the US CMA course program as value addition. Now, if you like to take your US CMA sojourn, you should know at the beginning, how one can be a US CMA by taking well informed decisions as follows.
A. Knowing the advantage of US CMA certificate • There are various benefits that a CMA US holder under IMA can enjoy. To name a few, Elevated income opportunities, higher job security, upliftment of skill and expertise as well as much acclaimed reputation and respect. Since US CMA is considered gold standard in management accounting at global level, the acquired skills and knowledge are real time simulation in the domain. B. Knowing the process • Obviously, there are certain requirements which one has to meet up to enter the US CMA program. The 3 “E”s i.e. the Exam, education and experience respectively. For the exam, it has two parts where both the parts has to be cleared within a span of 3 years upon entering the program.
C. Knowing the exam • The US CMA exam has 2 parts, both of which include 100 MCQs and 2 essay questions to be answered within 4 hours. Part 1 contain Financial Planning, Performance and Analytics while Part 2 involve Strategic Financial Management. The CMA US exam is considered not too tough not too easy type which means with due dedication and proper study support, successful clearance of this 2 part exam at first attempt is quite achievable. D. Knowing the cost • The overall cost to secure the US CMA course certification stands around 2000 USD approximately on an average excluding the study support. Although this has something to do with affordability, an average hike of around 47% in salary of a CMA US holder justifies the dividends on the cost incurred as investment. Furthermore, to make things easier, several CMA discounts are available with IMA and its authorized study partners to make use and reduce the burden.
F. Knowing the preparation • The CMA US exam demand dedicated study preparation and practice. Once entered in the US CMA program, one can get free access to IMA study support package for 6 months. Although the package helps to some extent on the pattern and content of the exam, it is not to be suffice. To crack the exam successfully, one has to take additional study support in the form of review materials/books and mentoring by quality faculty of an IMA approved training institute. G. Knowing the study materials and training • There are several IMA approved review courses available for US CMA which helps to prepare for the exam. Generally, a review material include, e books/hard copy, question banks for practice, audio and video lectures etc. One can choose the material accordingly. Study using the review materials supplemented with attending regular classes of an IMA approved training institute has proven to be quite helpful to pass the CMA US exam.
• A. Growth potential in the manufacturing sector and government efforts like “Make in India” to promote Indian manufacturer’s. In this context, US CMA is huge demand in India • B. As US CMA’s are considered as experts in business strategy and cost controlling, Management consulting firms like EY, KPMG hire US CMA as management consultants for restructuring services for industries. • C. Strengthening of banking especially in rural parts of India is a key driver for the need of CMA experts. • D. Growing demand for insurance products is an opportunity for US CMAs in India.
Survey 2021, from IMA (Institute of Management Accountants) revealed that holding the US CMA certification helps to add value beyond the basic compensation. 90% of survey respondents with US CMA certification said that US CMA gives them more confidence to perform their job at a high level. • Further, 90% agree that the US CMA course helps them to work in all areas of the business, and more than 80% of respondents agree that the US CMA certification creates better career opportunities nearly, 95% would recommend the certification to a friend.
the impact of COVID-19 showed that CMAs were less impacted in their jobs than compared to non-CMAs. Further, 43% of respondents said that their salary was not impacted by the COVID pandemic, while 3% indicated their compensation increased. • It was noted that 30% of respondents indicated that their salary decreased due to the pandemic, while 19% received a lower or no bonus due to the pandemic. • The industries which got affected by the pandemic were wholesale and retail trade (68.6%), followed by construction (63.6%), public accounting (57.2%), and education (55.1%). • The industries with the lowest percentage of respondents indicating a negative impact include government (11.1%), agriculture (22.6%), and medical/health services (39.4%
institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way. Some of the exclusive features include. Authorized partner of Gleim in India Live online classes ensuring that the regular office working hours is least impacted 1:1 personal support from our 30 plus years of experienced US CMA certified faculties "Till you pass" guarantee assuring that you may attend our live online classes at no extra cost until you pass 100 % placement assistance for jobs
institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way. Some of the exclusive features include. Authorized partner of IMA US CMA course in India Live online classes ensuring that the regular office working hours is least impacted 1:1 personal support from our 30 plus years of experienced US CMA certified faculties "Till you pass" guarantee assuring that you may attend our live online classes at no extra cost until you pass Affordable US CMA course fees with special discount in your IMA fees. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session, IMA registration and job assistance.