#CMA India Vs CMA USA

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CMA India vs. CMA USA: Examining Recognition & Career Opportunities

Considering CMA India or CMA USA for a management accounting career? This blog explores their global recognition and potential career opportunities. CMA India is highly regarded in India, whereas CMA USA boasts wider recognition. Ultimately, the best choice depends on your career goals. Read the full blog for more info about 'CMA India Vs CMA USA' and find the program that opens doors to your dream career!

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🔴Known & Grown Ep-9: US CPA vs US CMA | Eligibility, Exam Structure, scope

✨Welcome to our channel! 🎉 Confused about CMA vs CPA? In this video, we dive deep into the world of professional accounting certifications, focusing on the CMA (Certified Management Accountant) and CPA (Certified Public Accountant) designations and the need to know to choose the right accounting certification for your career goals. We'll cover eligibility requirements, exam structure, and the professional scope of CPAs and CMAs.

To Find out more - https://fintram.com

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Salary Difference Between CA and CMA

The financial and accounting profession is a vast field, offering various prestigious qualifications like Chartered Accountant (CA) and Certified Management Accountant (CMA). Both qualifications are highly respected and offer numerous career opportunities. However, when it comes to choosing between the two, one crucial factor that often influences the decision is the salary. This article will delve into the salary difference between CA and CMA, with a special focus on the keyword "CMA vs CA".

Understanding CA and CMA

What is a Chartered Accountant (CA)?

A Chartered Accountant (CA) is a professional who specializes in accounting, auditing, taxation, and financial assessment for individuals and businesses. In many countries, the CA designation is a highly respected qualification that signifies a high level of expertise in the field of accounting.

What is a Certified Management Accountant (CMA)?

A Certified Management Accountant (CMA) is a professional credential that signifies expertise in financial management and strategic management. CMAs focus more on financial analysis, business strategy, and cost management, which are crucial for making informed business decisions.

CMA vs CA: Salary Comparison

When comparing CMA vs CA in terms of salary, several factors come into play, including geographical location, industry, years of experience, and additional skills.

Entry-Level Salaries

CA Salary

For entry-level CAs, the salary typically ranges from $50,000 to $70,000 per year. This can vary depending on the country and specific industry. In regions like North America and Europe, the starting salaries might be higher compared to developing countries.

CMA Salary

Entry-level CMAs can expect to earn between $55,000 to $75,000 annually. Similar to CAs, the exact figure can fluctuate based on the location and the specific sector in which they are employed.

Mid-Level Career Salaries

CA Salary Growth

As CAs gain experience, their salaries can see significant growth. Mid-level CAs, with around 5-10 years of experience, can earn between $80,000 and $120,000 per year. This is particularly true for those who take on managerial roles or specialize in high-demand areas like forensic accounting or international taxation.

CMA Salary Growth

CMAs with a similar level of experience can earn slightly higher, ranging from $85,000 to $130,000 per year. The emphasis on strategic management and financial analysis often leads to opportunities in upper management, which can result in higher pay.

Senior-Level Salaries

CA Salary at Senior Levels

Senior CAs, such as those in executive positions like Chief Financial Officer (CFO) or Financial Controller, can command salaries upwards of $150,000 to $250,000 per year. The earning potential increases significantly with added responsibilities and the strategic importance of their role.

CMA Salary at Senior Levels

For senior-level CMAs, the salary range can be quite lucrative, often between $160,000 and $300,000 per year. CMAs in senior roles typically have a significant impact on business strategy and performance, which is well-compensated.

Industry Influence on Salaries

CA Salary by Industry

CAs often find opportunities in diverse sectors such as public accounting, corporate finance, and government agencies. Industries like banking, insurance, and consulting tend to offer higher salaries.

CMA Salary by Industry

CMAs are in high demand in industries that value financial strategy and cost management, such as manufacturing, healthcare, and technology. These sectors often offer competitive salaries to attract skilled CMAs who can drive business performance.

Geographical Impact on Salaries

CA Salaries Globally

In developed countries like the USA, UK, Canada, and Australia, CAs tend to earn more compared to their counterparts in developing nations. For instance, a CA in the USA can earn significantly more than a CA in India or South Africa due to differences in the cost of living and economic conditions.

CMA Salaries Globally

Similarly, CMAs in developed countries usually have higher salaries. For example, a CMA in Germany or Japan might earn a higher salary compared to a CMA in a country with a lower cost of living.

CMA vs CA: Which Pays More?

In the debate of CMA vs CA, it's clear that both qualifications can lead to high-paying careers. However, CMAs often have a slight edge in salary potential, especially in roles that emphasize strategic decision-making and financial management.

What is the average salary of a CA compared to a CMA?

On average, CMAs tend to earn slightly more than CAs, particularly at mid to senior levels. Entry-level salaries are comparable, but CMAs in strategic roles often command higher pay.

Which qualification, CA or CMA, is more in demand?

Both qualifications are in high demand, but the preference can vary by industry. CMAs are often preferred in roles that require strategic financial management, while CAs are highly sought after for their expertise in auditing and taxation.

Do CAs and CMAs have different career growth prospects?

Yes, while both have excellent growth prospects, CAs often progress in roles related to auditing and financial reporting, whereas CMAs advance in positions that involve strategic management and business planning.

Can a CA also become a CMA?

Yes, a CA can pursue a CMA designation to enhance their career prospects, especially if they aim to take on roles that require strong management accounting and strategic planning skills.

Which is more challenging, CA or CMA?

Both qualifications are challenging and require a significant amount of study and dedication. The CA qualification has a broader focus on accounting and auditing, while the CMA is more specialized in management accounting and financial strategy.

In conclusion, when considering CMA vs CA in terms of salary, both qualifications offer lucrative opportunities. The choice between the two should be based on your career aspirations, interests, and the specific industry you wish to work in.

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iProledge's Mission is to make your future-ready by not only making you pass the CMA USA exam but also giving you practical Insights into the Corporate World. iProledge helps you in the Process of learning from the start till the last day of your exam. "Let's make it happen together" This is what iProledge believes in. iProledge is the only platform that provides you every support required to pass CMA USA Classes online in India in 1st Attempt only by providing features like Fortnight Calls, Multiple Test Series, Study Planner (Customised) and Consistent Smart work. Let's work together and ace this exam. CMA USA can be done by students as well as working professionals at their own pace. You just need to promise us 3 hours of study time every day to clear exams within 6 months. We assure you, learning at iProledge is going to be one of the best experiences in your life.

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Watch this before choosing CMA USA In this video you will study:

* What is the CMA USA exam? * CMA Course Duration? * What all is covered in US CMA? * Major profiles once students pass the US CMA Qualification? * Package or the compensatio for US CMA * What are the eligibility criteria of the CMA exam? * How to study for the CMA exam? * CMA USA vs CMA India (ICWAI) * CMA study material

In this session, Sripal Jain(CA, CPA USA) talks about the importance of US CMA in India. The session covers all the aspects of CMA exams, from the course structure to the job opportunities for a CMA.

CMA stands for Certified Management Accountant and works for decision making, planning, analysis, and costing. The scope and demand for a CMA are increasing because many outsourcing companies are settling in India.

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Best accounting certification: US CMA course vs. CMA India

Many students have a general question on the US CMA course and CMA India – which one is better? Professionals with a career aspiration in the accounting field find it as a confusing decision to choose between them. Though both are equally recognized and can help you advance your career, there are few differences between CMA India and US CMA course.

Awarding authority

The US CMA is an internationally accredited certification awarded by the IMA. CMA India is a certification awarded by the Institute of Cost Accountants of India, with article ship training. The US CMA does not recommend article ship training to the students.

CMA USA is globally recognized whereas CMA India is an Indian Certification.

Course duration

The duration of course for the US CMA course is between 7 months to one year whereas CMA India course duration is for four to five years.

Course format and exam structure

The US CMA focuses on cost Reduction, auditing methodologies in CMA, while the Indian CMA gives more priority on cost controlling.

The US CMA exam has two parts as follows-

a.      Part 1 – Financial Planning, Performance, and Analytics

b.      Part 2 – Strategic Financial Management

The format for the CMA India has three levels including foundation, intermediate, and final levels. Overall it has nearly 20 exam papers.

Accounting Standards

The Indian CMA is focused on IND AS (Indian GAAP), while the US CMA is based on US GAAP and IFRS.

Pass criteria

The pass criteria for US CMA course is 360 out of 500, and for CMA India is 40% for individual papers and 50% aggregate in each group. Adding to that the pass percentage in the US CMA course is 50% globally, whereas the pass percentage in Indian CMA is only 3 to 10%.

Key takeaways

Based on the analysis above, the clear winner is the US CMA course, which is considered as the highest level of certification in management. Further, the awarding authority is IMA (Institute of Management Accountants) USA which gives more course credibility to the students.

It is also seen that Indian CMA has more exams than US CMA, and it takes longer to become certified. The CMA India certification benefits are focused on IND AS (Indian GAAP) and knowledge of Indian Corporate Law, which means it can be more applicable for Indian residents and candidates working for Indian companies.

Another key advantage for US CMA is that, being a global recognition it takes only less than 1 year to get certified and ideal for students planning to work abroad or an international company.

CMA least affected by COVID-19

As per the latest Middle East/Africa/ India (MEAI) CMA Salary Survey 2021, from IMA (Institute of Management Accountants) it was found that CMAs were least impacted by COVID -19. Analysis 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 pandemic, while 19% received a lower or no bonus due to the pandemic.

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training 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 our exclusive features include.

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. We have a pass rate of 80% in US CMA course exams

D. Affordable US CMA course fees with special discount in your IMA fees.

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session,  IMA registration and job assistance.

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US CMA Course | What is US CMA | CMA Exam in India, Cost, Career, Salary | US CMA Syllabus | CMA Certification | Certified Management Accountant 

CMA USA - What, Why and How 

In this video you will study:

* What is CMA USA exam?

* What is the eligibility criteria of the CMA exam?

* How to study for the CMA exam?

* CMA USA vs CMA India (ICWAI)

* CMA study material

We are the best institute in India for providing USA Accounting Courses like US CPA & US CMA Course with all the assistance and support. A live webinar is also available.

For more visit www.simandhareducation.com or 

Contact Us: +91-7780273388 or leave a message to us on social media  -----------------------Think CPA, CMA USA. Think Simandhar------------------

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Exciting Job Roles & New Possibilities for a qualified CMA USA

As on date there are about 40,000 active CMAs in the world and there is a pipleline of 80,000.

In the recent years and in view of the globalization of the economy, there is a significant iteration of the fact that a CMA USA is just like having a Passport to the world of finance.

This view has now well understood due to the global impact of the pandemic.

There are new challenges and new opportunities that need to be catered to ensure that industries are well equipped to optimize efficiency and productivity.

New Role for CMAs

The traditional role of CMA USA had the focus on financial accounting and day to day booking of transactions. Though this core activity needs to continue, the focus has gone up the value chain as support for the Business/ Management in decision making and advisory.

Common management decision were CMAs contribute –

Make Vs Buy

In the Auto Industry, for example most of the components were manufactured inhouse earlier.But at present, this is not the case, as it is not viable.

Outsource Vs Insource

In particular, the services like Security/Canteen/Housekeeping which are non-core to the main business are now meaningful to outsource.

Product Mix

It is also prudent to do an analysis of the different products manufactured to determine the high contribution ones. This will enable the company to weed out the ones that not passing the muster.

Diversity in Careers

A CMA USA certainly has several options that may be considered:

Industry

In India, now considered a global hub for manufacturing after the negative sentiments against China, a large number of MNCs are expected to set up base (Ex Apple, Toyota, Sumida)

There is definitely a substantial opportunity for CMAs in the current scenario, as well as new corporates, on condition that the Govt. implements reforms and improves ease of business.

Banking

This segment offers a huge opportunity for CMAs as there is good matching of the skills and training as given, and the expectations from the Industry.

With the backdrop of banking frauds and failure to prevent NPAs in the past,the role of CMAs and other Professionals are critical.

Insurance

With the opening of the Insurance sector in the current Budget from 49% to 74% for FDIs, there is a substantial expectation for new jobs for CMAs.

Overseas

As the “world is flat” and the geographical barriers are broken down, CMAs have more horizons to choose from. The knowledge built-in in CMA USA training would give them a cutting edge to fulfill their responsibilities anywhere in the world.

Professional Standards

CMAs are required to maintain strict Professional Standards as mandated by the regulating body.They are also required to obtain 30 hours of CPEs to keep themselves updated on ever changing statutes.

In summary, the CMAs due to the above facts have the world at their feet and shall command a premium, wherever they engage themselves in India or globally.

Abraham Lincoln once said give me six hours to chop a tree and I will spend the first four hours to sharpen the axe.

Now is the time to sharpen the axe to reap rich dividends for would-be finance professionals.

Author

G.SRIKUMAR,FCA. INDEPENDENT DIRECTOR

Currently having a Sole Proprietorship Firm styled as G.SRIKUMAR & Co.

Currently with JRS & Co, Chartered Accountants, as Director (formerly Partner for 10 years) in charge of the Bangalore Branch. The Firm has 5 offices (Bangalore/Kochi/Kollam/Trivandrum/Dubai). The Firm offers services of Accounting/Auditing/CFO Services and Taxation Advisory Services.

Holds Independent Director Role with TJL Ltd for last two years.

Holds Governing Council role in an E Education LLP.

Source

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CMA USA Vs CMA INDIA: Why CMA USA is Better?

CMA USA vs CMA INDIA:

You are coming on this web page mean you too are overwhelmed while making the decisions between CMA USA and CMA India.

Let’s jump right into the puddle and see which one fits the best in your criteria. To start with, CMA (Certified Management Accounting) USA is a worldwide recognized certification, of which the regulatory body is the Institute of Management Accountants.

Meanwhile, CMA India is a certification conferred by the Institute of Cost Accountants of India. 

Here are a few points of distinction between CMA USA and CMA India –

·         The course duration for CMA USA is one year whereas for CMA India it is             three years.

·         Eligibility for CMA USA is Class 12 pass or UG, and for CMA India, it is                Class 12 pass.

·         The pass criteria for CMA USA are 360/500, and for CMA India is 40%                 for individual papers and 50% aggregate in each group.

·         The course format is in two parts for CMA USA and CMA India;                             the course comprises of three levels, which are Foundation,                                 Intermediate, and Final Level.

·         CMA USA is globally recognized whereas CMA India is an Indian                        Certification.

·         CMA USA focuses on Cost Management, i.e. Cost Reduction, auditing,                whereas CMA India lays more focus on Cost Management, i.e. Cost                    Controlling.

·         Article ship is not applicable in CMA USA, whereas it is applicable for six              months in CMA India. 

It’s no breaking news that CMA is the highest level of certification in management. 

The credibility of this course increases when it is awarded by the Institute of Management Accountants (IMA) USA. Training for which in Bangalore is provided to the students and is recognized globally. 

One of the best CMA USA Training Institute is EduPristin, which lays focus on practical and experimental learning and soft skill training, which makes the students ready for the exam and the market as well. 

This institute provides CMA classroom training, live virtual training, and self-study packages as well. 

One of the other authorized and official course providers of Wiley International is Logic. This institute provides a consistently high pass-rate in these exams for the past ten years. 

HI-Educare is another authorized and official course provider of Wiley International. This institution provides you with special assistance from Wiley itself and helps you to pass your exams in the first attempt itself.

There are several other institutions which provide training for CMA USA Coaching in Bangalore. Some of the other institutes are Miles Education, Success Edge Academy, CMA USA Training, G.C. Rao Academy, to name a few. 

Pick the best one for yourself, which fits your criteria and work hard to fulfill your dreams. 

Good luck to you!

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CMA USA vs. CMA India: Which Certification is Better for Your Global Career? 

CMA USA vs. CMA India: Which Certification is Better for Your Global Career? 

If you’re an aspiring accountant or financial professional, choosing between CMA USA and CMA India can be a tough decision. Both certifications offer distinct benefits, but understanding which one aligns better with your global career goals is crucial. In this detailed comparison, we’ll break down the key differences between CMA USA and CMA India in terms of global recognition, syllabus, career opportunities, and cost to help you make an informed choice. 

What is CMA USA? 

The Certified Management Accountant (CMA USA) is a globally recognized certification awarded by the Institute of Management Accountants (IMA). The course focuses on management accounting, financial management, and strategic decision-making. With its emphasis on international financial practices, CMA USA is widely accepted across the globe, particularly in regions like the United States, Middle East, Canada, and Europe. 

What is CMA India? 

The Certified Management Accountant (CMA India) is offered by the Institute of Cost Accountants of India (ICAI). It is recognized within India and focuses on cost management, costing techniques, and financial strategy relevant to Indian business environments. CMA India is tailored to Indian laws and regulations, making it a popular choice for those aiming to work in India’s corporate and public sectors. 

Key Differences Between CMA USA and CMA India 

Criteria 

CMA USA 

CMA India 

Global Recognition 

Recognized globally, especially in the USA, Europe, Middle East 

Primarily recognized within India and neighboring regions 

Duration 

6-9 months 

2-3 years 

Syllabus Focus 

Management accounting, financial planning, decision analysis 

Cost accounting, financial strategy, Indian law 

Exam Structure 

Two parts, multiple-choice and essay questions 

Three levels (Foundation, Intermediate, Final) 

Average Salary 

Higher global salary, especially in multinational companies 

Competitive salary in India, primarily in local firms 

Cost 

Around $2,500 - $3,000 for the full course 

Approximately ₹50,000 - ₹60,000 

Global Recognition 

One of the most significant factors to consider is global recognition. 

CMA USA: This certification is widely recognized across the USA, Europe, the Middle East, and other international markets. If you aim to work for multinational corporations (MNCs), or in countries like the United States, Canada, or Australia, then CMA USA holds an advantage. It’s often preferred by global employers because of its focus on international standards of financial management. 

CMA India: While CMA India is highly regarded within India, its recognition outside the country is limited. If you plan to work in Indian companies, government bodies, or public sector organizations, then CMA India might be a better fit. However, for opportunities in global firms, CMA USA has wider acceptance. 

Syllabus and Exam Structure 

Understanding the syllabus and exam structure of both certifications is vital to determine which aligns with your career interests. 

CMA USA: 

The CMA USA syllabus is divided into two parts: 

Part 1: Financial Planning, Performance, and Analytics (Cost management, budgeting, internal controls) 

Part 2: Strategic Financial Management (Risk management, corporate finance, decision analysis) 

Each part consists of 100 multiple-choice questions and two essay questions. The focus is on global accounting practices, strategic management, and financial decision-making, which makes CMA USA more suited for international roles (iProledge Academy   ). 

CMA India: 

The CMA India syllabus covers three levels: 

Foundation: Basic accounting and economics. 

Intermediate: Cost accounting, taxation, and law. 

Final: Advanced financial management, corporate laws, and auditing. 

The exam structure is like other Indian professional courses like CA and focuses heavily on costing techniques and Indian financial laws, making it suitable for professionals aiming to work in India’s corporate sector (iProledge Academy  ). 

Career Opportunities and Salary Expectations 

Your earning potential and career opportunities can vary depending on the certification you choose. 

CMA USA: 

CMA USA holders are often employed in multinational corporations (MNCs), investment firms, and consulting companies. The certification is highly regarded for roles in strategic financial management, cost management, and business decision-making. On average, CMA USA professionals earn a higher salary globally, especially in regions like the Middle East, Europe, and the USA. According to IMA’s salary survey, CMA USA holders can earn up to 30-40% more than their non-certified peers in similar roles (iProledge Academy  ). 

CMA India: 

CMA India professionals are primarily employed in Indian firms, government organizations, and public sector undertakings (PSUs). The salary range is competitive, with a focus on cost accounting, taxation, and corporate law. CMA India holders are more likely to pursue accounting roles in Indian companies, although the salary range is generally lower compared to CMA USA professionals working abroad. 

Cost and Duration 

CMA USA: 

The cost of pursuing CMA USA can be higher, ranging from $2,500 to $3,000, depending on whether you choose review courses and materials. The course duration is relatively short, typically 6 to 9 months, and can be completed at your own pace. 

CMA India: 

The cost of CMA India is more affordable, ranging from ₹50,000 to ₹60,000 for the entire course. However, the duration is longer, with most students taking 2 to 3 years to complete all levels. 

Which Certification Should You Choose? 

Your choice between CMA USA and CMA India depends largely on your career aspirations: 

Choose CMA USA if: 

You aim to work for multinational corporations. 

You plan to pursue a career outside India in regions like the USA, Europe, or the Middle East. 

You want to specialize in global management accounting and financial decision-making. 

Choose CMA India if: 

You plan to work in India, especially in sectors like manufacturing, public sector units, or Indian corporates. 

You are focused on cost management and Indian financial laws. 

You are looking for a more affordable and longer-term course. 

Why Choose iProledge Academy for CMA USA or CMA India? 

At iProledge Academy, we offer expert guidance and support for both CMA USA and CMA India aspirants: 

Comprehensive Study Materials: Our tailored materials cover all exam topics in detail, ensuring you’re fully prepared for both the theoretical and practical aspects of the course. 

Experienced Faculty: Learn from top instructors with deep industry knowledge who will guide you through every step of your journey. 

Mock Tests and Feedback: We provide regular mock tests and personalized feedback to ensure continuous improvement in your preparation. 

Flexible Learning Plans: Our programs are designed to cater to both working professionals and full-time students, with flexible learning schedules. 

Conclusion: Your Path to a Global Career Starts Here 

Whether you choose CMA USA for its global recognition or CMA India for its relevance in the Indian market, both certifications offer rewarding career paths. Take the time to evaluate your career goals, location preferences, and the industry you want to work in, and make an informed choice. 

At iProledge Academy, we are committed to helping you succeed in your CMA journey. Enroll today and take the first step toward becoming a globally recognized Certified Management Accountant! 

FAQs 

1. Is CMA USA better than CMA India for working abroad? 

Yes, CMA USA is widely recognized internationally and is ideal for professionals looking to work in multinational companies and global markets. 

2. How long does it take to complete CMA USA vs. CMA India? 

CMA USA typically takes 6-9 months, while CMA India takes 2-3 years to complete all levels. 

3. What is the average salary of a CMA USA professional? 

CMA USA holders can earn up to 30-40% more than their non-certified peers, especially in global markets like the USA and Middle East. 

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US CMA FAQs | CMA India vs US CMA | Scope of CMA USA | Quora Series Episode 1| Simandhar Education

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What is the scope of CMA(USA) offered by IMA in India?

What is the scope of CMA(USA) offered by IMA in India? Every year, a large number of Indians look for information on the CMA certification, so we’d like to address their concerns in this essay. Let Simandhar Education walk you through some information concerning the CMA international certification, the application process, and exam recommendations if you’re interested in earning the US CMA in India.  

CMA stands for Certified Management Accountant. The CMA course in the United States is a globally recognized degree that is highly valuable in a market like India, where much offshore is going on. We have a lot of US corporations in India that are investing and recruiting accountants who are familiar with US GAAP and IFRS.    

Structure of the CMA Exam and the Years Required to Earn the Title:   The minimum theoretical time required for the ICWAI and CA (including article ship) courses is two years and four years, respectively, providing that the applicant passes the first time. US CMA course takes 8–9 months to complete, and there are only two exams to pass, as opposed to 17–18 exams in Indian courses.  

CMAs in India earn more than non-CMA certified colleagues, according to the IMA Global Salary Survey of 2020.  

Indian IMA members work a lot harder than other members throughout the world, putting in an average of 45.5 hours each week. This figure is tied with Jordan and is second only to the United States (46.3). Members of the Indian IMA are also well educated. All 52 Indian respondents have earned a bachelor’s degree, and 63 percent have earned a master’s degree.  

Salary of CMAs vs. Non-CMAs in Asia   According to one of the most significant conclusions from the salary study, the CMA substantially impacts compensation in India. CMAs in India earn 136 percent more in total compensation than non-CMAs, and this gap has grown steadily and dramatically over time.  

Additional professional options and routes are among the CMA perks received by IMA members in India. Almost 65 percent of Indian CMAs stated the CMA certification broadened their professional opportunities, and 90 percent said it improved their ability to move across industries.    

Format of the CMA Exam-   The CMA exam is divided into two parts, each with 100 multiple-choice questions and two essay situations. You have four hours to complete each portion of the test. Within the testing periods, which span six of the 12 months each year, you can take the exam on any weekday.  

CMA Exam Parts:  

Part 1: Financial Reporting, Performance, Planning, and Control  

Part 2: Financial Decision Making  

Exam Passing Rates for CMAs:   Part 1 of the CMA test has a success percentage of 40%, whereas Part 2 has a pass rate of 50%.  

Although specific passing numbers for India are unknown, our data indicate that Asian applicants pass at a higher percentage than the average. The Americas and Europe, on the other hand, had the most incredible passing rates. How can you reach the same level of success on the CMA exam? We have a couple of ideas about how to complete the assignment.  

How to Increase Your CMA Exam Passing Chances:   While Indians have a strong knowledge of English, their writing style differs from Americans’, so you should practice writing essays in standard English. Here are some CMA test essay tips that will specifically benefit overseas candidates.  

Choosing the best institute: Simandhar Education believes in instilling knowledge and developing students ready for the corporate sector. The institution offers high-quality instruction in a variety of subjects. Practical knowledge is emphasized. They have an extensive network of world-class trainers, teachers, and industry specialists, and all Simandhar teachers are CPA, CMA, and rank holders. We also give students with guaranteed placement assistance and personal grooming sessions in preparation for interviews.  

Future in CMA- CMA professionals have a bright future ahead of them at many prominent global corporations across the world. In India, the majority of multinational firms are willing to hire CMAs for corporate finance positions.

Some of the opportunities are- Finance Manager: As a Finance Manager, you will be in charge of all operational decisions. You’ll be in the order of forecasting and budgeting as a finance manager, among other things.  

Financial Analysts: The job title “financial analyst” is self-explanatory. This position requires the accurate tracking of financial records, the compilation of reports, and the analysis of results. Based on the research and information, a financial analyst must offer measures to improve the company’s productivity.  

Finance Controller: This role, in some ways, incorporates all facets of finance. You must know everything there is to know about finance and serve as the department’s financial lifeline.

Chief Financial Officer: The position of Chief Financial Officer, or CFO, is the highest in the financial business. Because qualified management accountants have such a significant impact on the company, it’s one of the most appealing jobs.

Hope you found this helpful, and surely, you’ll obtain your CMA in India; best of luck on the exam!

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CPA USA vs ACCA UK VS CMA USA VS CFA USA|US CPA | Simandhar Education | CFA |ACCA | CPA USA |CA

Various international courses are discussed and compared here, such as US CPA, US CMA, ACCA, and CFA. CPA vs ACCA CPA stands for Chartered Accountancy in the United States. It has a passing rate of approximately 55-60%. You can finish it in as little as 8 to 9 months. CPA exams are only available in the United States and Dubai. There are tremendous job opportunities present in India as many US-based companies present in India, such as Apple, Facebook, Capgemini, PWC, Deloitte. The overall costing which falls for the CPA is 3.5 to 3.6 lakhs. Simandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4 Career Games! CPA USA vs ACCA UK VS CMA USA VS CFA USA Confused about which career to choose. Watch this informative video and get complete details..!! - ACCA vs CPA vs CFA vs CMA based on the governing body - ACCA vs CPA vs CFA vs CMA based on Exam format - ACCA vs CPA vs CFA vs CMA based on Fees - ACCA vs CPA vs CFA vs CMA based on time - ACCA vs CPA vs CFA vs CMA based on Work Experience, Salary and Job Opportunities We are the best institute in India for providing USA Accounting  Courses like US CPA & US CMA  with all the assistance and support. A live webinar is also available.

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Many students have a general question on the US CMA course and CMA India – which one is better? Professionals with a career aspiration in the accounting field find it as a confusing decision to choose between them. Though both are equally recognized and can help you advance your career, there are few differences between CMA India and US CMA course.

Awarding authority

The US CMA is an internationally accredited certification awarded by the IMA. CMA India is a certification awarded by the Institute of Cost Accountants of India, with article ship training. The US CMA does not recommend article ship training to the students.

CMA USA is globally recognized whereas CMA India is an Indian Certification.

Course duration

The duration of course for the US CMA course is between 7 months to one year whereas CMA India course duration is for four to five years.

Course format and exam structure

The US CMA focuses on cost Reduction, auditing methodologies in CMA, while the Indian CMA gives more priority on cost controlling.

The US CMA exam has two parts as follows-

a.      Part 1 – Financial Planning, Performance, and Analytics

b.      Part 2 – Strategic Financial Management

The format for the CMA India has three levels including foundation, intermediate, and final levels. Overall it has nearly 20 exam papers.

Accounting Standards

The Indian CMA is focused on IND AS (Indian GAAP), while the US CMA is based on US GAAP and IFRS.

Pass criteria

The pass criteria for US CMA course is 360 out of 500, and for CMA India is 40% for individual papers and 50% aggregate in each group. Adding to that the pass percentage in the US CMA course is 50% globally, whereas the pass percentage in Indian CMA is only 3 to 10%.

Key takeaways

Based on the analysis above, the clear winner is the US CMA course, which is considered as the highest level of certification in management. Further, the awarding authority is IMA (Institute of Management Accountants) USA which gives more course credibility to the students.

It is also seen that Indian CMA has more exams than US CMA, and it takes longer to become certified. The CMA India certification benefits are focused on IND AS (Indian GAAP) and knowledge of Indian Corporate Law, which means it can be more applicable for Indian residents and candidates working for Indian companies.

Another key advantage for US CMA is that, being a global recognition it takes only less than 1 year to get certified and ideal for students planning to work abroad or an international company.

CMA least affected by COVID-19

As per the latest Middle East/Africa/ India (MEAI) CMA Salary Survey 2021, from IMA (Institute of Management Accountants) it was found that CMAs were least impacted by COVID -19. Analysis 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 pandemic, while 19% received a lower or no bonus due to the pandemic.

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training 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 our exclusive features include.

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. We have a pass rate of 80% in US CMA course exams

D. Affordable US CMA course fees with special discount in your IMA fees.

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session,  IMA registration and job assistance.

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US CMA course or MBA – Which course is better after B.com in year 2021?

USA CMA

US CMA course or MBA, which of the two is better? Are you confused on choosing the right course? In this article, we help you to provide insights on US CMA course and MBA.

When it comes to different career options for a commerce graduate, the most common careers after B.Com includes US CMA, MBA, M.Com, CA to name a few. Among these, US CMA is one such impressive international course in field of management and accounting.

CMA stands for Certified Management Accountant and is offered by the Institute of Certified Management Accountants (IMA). Earning the US CMA can give you the career boost you are looking for .They also have an excellent absorption rate all over the world. Currently, CMA has presence in over 100 countries including the United States (US).

The major difference between US CMA qualification and a MBA degree is that the US CMA is a professional certification while the MBA is an academic degree. There are some key differences between these that you should know before choosing either path.

Career path of US CMA vs. MBA

US CMA is an international qualification and is one of the best course for students seeking jobs outside India. US CMAs can occupy positions such as Research Analyst, Cost Accountant, Financial analyst, Finance manager or Financial C-Suite roles. They often become experts in field of accounting and finance departments of an organization.

On the other hand, MBAs works in different business functions of an organisation including strategy, finance planning, and management consultant. MBA degree is well suited to a professional who looks to enter in to broader areas of business functions.

Eligibility for US CMA course vs. MBA

Both US CMA and MBA require a bachelor’s degree as basic eligibility. However, Students who are pursuing their bachelors are eligible to take the CMA exams. Another, key requirement of US CMA course is that students have to meet the CMA work experience requirements. These include

Two years of professional experience in accounting or finance

For fresher’s the experience requirement may be completed within 7 years of passing the examination.

Course details – US CMA course vs. MBA

Regarding US CMA course details , the course has just 2 parts which can be cleared in 7 to 9 months’ time. One key advantage is that you can complete the course without disturbing your current commitments. This is highly beneficial for working professionals who wishes to up skill and accelerate their career paths.

It is seen that students who are finishing undergraduate degree take the CMA Exam and then complete the certification process once you have qualified the work experience criteria.

These days most of the US CMA course institutes provide live online classes which adds flexibility to this program.  Uplift Pro is one such premier institute in India offering live interactive online classes. They have a pass rate of 85% as compared to worldwide pass-percentage for CMA US is 45%.

In contrast, a full time MBA course has two years of duration. This may extend if you plan to complete the course through distance or part-time learning. Thus earning a US CMA certification has a competitive advantage on completing the course faster than a MBA degree.

US CMA course fee vs. MBA course fee

Course fee is an important criteria largely due to ever-rising tuition rates. In general, a MBA from a premium B-School, it costs INR 20 lakhs to INR 50 lakhs. Even a Tie2- 2 institution in India charges a minimum of 5 lakhs to 8 lakhs.

In case of US CMA course fee, one needs to spend a maximum of INR 1.5 lakh (inclusive all) to be a US CMA. But the interesting thing is that one gets 5 to 10 times more exposure in the international job market and MNCs within India being a US CMA compared to an MBA Finance. Thus US CMA course fees is affordable.

Salary after US CMA course vs. MBA

CMA US is in great demand in all sectors. CMAs are also being recruited by MNCs like Accenture, Amazon, Deloitte and so on for the managerial positions.

The below image depicts the US CMA Salary in India.

The salary structure of a MBA professional depends on the brand name of the business schools from where you attain your MBA degree. It is found that there is a high pay gap between students who complete degree from premier institute like IIM, ISB, and IIFT than compared to a tier 2 college. The truth lies in the fact that many top companies recruit students from only these top business schools.

Typically, an average Indian passing out from a tier 2 college gets an annual package staying from INR 3 lakh, which may vary depending on location and companies.

IMA’s 2021 Global salary survey on CMA

The latest Global Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that a median salary of a CMA professional is above 58% higher than non-CMAs and MBA. The study was based on a sample population of 3,085 respondents from 79 countries across the globe.

In the study, It was found that the difference in total compensation between CMAs and non-CMAs (including MBA) worldwide is nearly US$29,000; a strong reason why a US CMA course is a career changing qualification.

Figure 1:  Median salary and Total compensation by region, CMA VS. NON-CMA

Summary

Based on the above parameters, we can clearly say that US CMA is better than the MBA for the B.COM graduates in the following manner:

Duration of course

Salary and Job opportunities

Flexibility of the course

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CMA, US CPA 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 backup to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of the exclusive features include.

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. We have a pass rate of 80% in US CMA course exams

D. Affordable US CMA course fees with special discount in your IMA fees.

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session,  IMA registration and job assistance.

For more details please write us here: info@upliftprofessionals.in

Request for Live Demo class / contact at +91-8787088850 to book your seats now.