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topladindia · 4 months ago

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CMA Coaching Fees in India: A Comprehensive Guide

Pursuing the CMA (Cost and Management Accounting) course in India is a popular choice for many aspiring professionals. However, one crucial factor that every student considers before enrolling is the CMA Course Fees. In this article, we will delve into the various aspects of CMA coaching fees in India, providing you with a clear understanding of what to expect and how to plan your finances accordingly.

What is the CMA Course?

The CMA course is designed to equip students with in-depth knowledge and skills in cost and management accounting. It is divided into three levels: CMA Foundation, CMA Intermediate, and CMA Final. Each level requires dedicated preparation and guidance, often obtained through coaching institutes.

Why Opt for Coaching?

Coaching institutes provide structured learning, experienced faculty, and study materials that can significantly enhance your preparation. While self-study is an option, many students find that coaching helps them grasp complex concepts more effectively and stay disciplined throughout their preparation journey.

Factors Affecting CMA Coaching Fees

1. Location of the Coaching Institute

The location of the coaching institute plays a significant role in determining the fees. Institutes in metropolitan cities like Mumbai, Delhi, and Bangalore generally charge higher fees compared to those in smaller towns and cities.

2. Reputation and Experience

Institutes with a long-standing reputation and experienced faculty tend to charge higher fees. Their success rates and quality of education justify the premium they command.

3. Level of the CMA Course

The fees vary depending on the level of the CMA course. Typically, the CMA Foundation course fees are lower compared to the Intermediate and Final levels due to the increasing complexity and depth of the syllabus.

4. Duration and Mode of Coaching

The duration of the coaching program and whether it is conducted online or offline can also affect the fees. Online courses might be slightly cheaper due to the lack of physical infrastructure costs.

Average CMA Course Fees in India

CMA Foundation

The CMA Foundation course fees can range from INR 20,000 to INR 30,000. This includes tuition fees, study materials, and sometimes even mock tests.

CMA Intermediate

For the CMA Intermediate course, the fees generally fall between INR 40,000 to INR 50,000. This stage requires more intensive coaching, which reflects in the higher fees.

CMA Final

The CMA Final course fees can range from INR 50,000 to INR 70,000. Given the advanced nature of the syllabus and the expertise required, the fees are comparatively higher.

Additional Costs to Consider

Apart from the coaching fees, students should also budget for other expenses such as:

Registration Fees: Paid to the Institute of Cost Accountants of India (ICAI) for each level.

Exam Fees: Charged for appearing in the exams for each level.

Study Materials: While some coaching institutes provide study materials, additional reference books might be required.

Travel and Accommodation: If the coaching institute is in a different city, travel and accommodation costs need to be considered.

Tips to Manage CMA Course Fees

Scholarships and Discounts

Many coaching institutes offer scholarships or discounts based on academic performance or financial need. It’s worth inquiring about these opportunities.

Installment Plans

Some institutes provide the option to pay the fees in installments rather than a lump sum, making it easier to manage your finances.

Online Coaching

Opting for online coaching can sometimes reduce costs as it eliminates the need for commuting and can offer flexible schedules.

Choosing the Right Coaching Institute

When selecting a coaching institute, it’s important to consider not just the fees but also the quality of education, faculty experience, and past success rates. Attending demo classes and reading reviews from former students can provide valuable insights.

Conclusion

Investing in quality coaching is essential for clearing the CMA exams and achieving your career goals. By understanding the various components of CMA Course Fees and planning accordingly, you can ensure a smooth and focused preparation journey. Remember, while the fees are a crucial factor, the quality of education should always be your top priority.

What is the average cost of CMA coaching in India?

The average cost of CMA coaching in India varies by level, ranging from INR 20,000 to INR 70,000.

Are there any additional costs apart from the coaching fees?

Yes, students should also budget for registration fees, exam fees, study materials, and possible travel and accommodation costs.

Can I get a scholarship for CMA coaching?

Many coaching institutes offer scholarships based on academic performance or financial need. It's advisable to inquire about such opportunities.

Is online coaching cheaper than offline coaching?

Online coaching can sometimes be cheaper due to the absence of physical infrastructure costs and flexible scheduling.

How can I choose the right coaching institute for CMA?

Consider factors such as the institute's reputation, faculty experience, past success rates, and student reviews. Attending demo classes can also help in making an informed decision.

#cma #Course #Fees #CMACourse #CMAFees

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suranaeveningcollege · 1 year ago

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Revolutionize your commerce education with JK Shah Classes in Bangalore

JK J.K Shah Classes Shah Classes, Bangalore

J.K Shah Classes is a leading name in the commerce field of professional education and training. The esteemed institute has established a reputation for providing top-notch coaching and guidance to students in courses such as Chartered Accountancy (CA), Cost and Management Accountancy (CMA), and Company Secretaryship (CS). With over 40 years of experience in the education sector, JK Shah Classes has been instrumental in shaping the careers of thousands of students across the country.

Courses Offered at JK Shah Classes

Course

1. CA Foundation

2. CA Intermediate

3. CA Final

1. CS Foundation

2. CS Executive

3. CS Professional

CMA

1. CMA Foundation

2. CMA Intermediate

3. CMA Final

Get Access to Learning Potentials with JK Shah Classes

JK Shah Classes provides students with a cutting-edge learning platform that enhances their educational experience and optimizes their study time. The classes at all levels of the courses were designed to grant students seamless access to their desired academic material, regardless of time and location constraints.

Industry based Experienced Faculty

The institute boasts of an exceptional faculty comprising of highly qualified and experienced professionals who are committed to student growth and success. The faculty members at J.K Shah Classes are not just educators but also mentors who inspire and guide their students to achieve their goals.

Benefits

JK Shah Classes provides comprehensive and structured courses with in-depth knowledge and practical training.

The experienced faculty members with vast expertise in the industry ensure students receives the best learning experience.

The classes are designed to equip students with the necessary skills and knowledge to excel in their respective fields – CA, CS, or CMA.

Students are benefited from extensive support in terms of placement assistance, mock interviews, and career guidance.

JK Shah CA, CMA, and CS Classes are an incredible platform for students to kickstart their professional journey and achieve their career aspirations.

#JK Shah Classes in Bangalore

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bricsias · 1 year ago

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Best Coaching Institute in Bangalore | Brics Academy

Brics Academy of Commerce is a pioneering initiative to give the best and quality instruction for aspirants of CA, CS and CMA classes at all levels. With the growing demand from the industry, multiple changes in the compliance and legal system in finance, tax, and corporate regulations, there is an instant need for more skilled finance professionals to fulfill this growing need at the same time, the business also demands quality employees. In response to the growing demand for qualified professionals and high-quality training, Brics Academy has developed its own system.

#coaching #academy

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questlation · 2 years ago

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IMA Names Sunil Deshmukh, CMA, Chair-Elect for 2023-2024 Fiscal Year https://questlation.com/prnewswire/ima-names-sunil-deshmukh-cma-chair-elect-for-2023-2024-fiscal-year/?feed_id=57464&_unique_id=643e5c8d5d028

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srimedhacaacademy · 2 years ago

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CMA Academy in Guntur

Sri Medha, the top leading commerce institute in South India imparting quality education from Jr. Inter to CA & CMA Final under one roof with the motto of Igniting Intelligence & Delivering excellence.

Our CMA coaching in is completely based on in-depth knowledge in business management, accounting finance etc. with the available resources. Our CMA course will make the student’s experts in CMA profession.

Sri Medha,CMA provides the students with the core knowledge in all areas of cost management to make sure that the student has the complete knowledge required for a finance professional, and so that the student can pick the right finance role in any industry. Being the best provider of Top 10 CMA institute we provide all the needed essentials to make our students experts in the field of Cost management.

Cost Accountants are in great demand in sectors like:

Banking & Finance.

Private sectors.

Government sectors.

Research sectors, and many more…

From Foundation to Final, we offer Cost & Management Accountancy/CMA coaching programmes. The Best CMA coaching classes in Bangalore are provided by Academy, which has excellent faculty and experienced CMAs. All disciplines in CMA are taught at the Academy with a focus on results. Various batches have been created to meet the needs of undergrads and working students.

We provide professional training to help our students to achieve their dreams and to pass out with best results as possible. We prepare students for specific examinations and tests. We boost the students’ confidence while helping them prepare better.

Sri Medha helps students to prepare for various professional and competitive exams like CMA at any time, anywhere, on any device. High-Quality Experienced and knowledgeable faculty design and teach lectures according to the latest teaching methodologies. We provide complete comprehensive study material, test series, doubt clarifying sessions, regular tests, mentoring sessions and much more. We provide CMA guidance from our best teachers through engaging video lectures and study materials.

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vignesh101997 · 3 years ago

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All About CMA Profession In India

CMA is short form for Cost and Management Accountant, they are also known as ‘Cost Auditor or Cost Accountant’ in general.

CMA is considered as India’s number one Management Accounting Profession. The role and title of CMA is created by act of Parliament through the Cost and Works Accountant Act, 1959. The profession of CMA created through the above Act has been then entrusted with various roles and responsibilities through various Indian legislations/Acts as Statutory Cost auditor, Tax auditor, Internal Auditors, Cost Accountant etc.

Since then, CMA profession has gained high importance and growth by their quality services and areas of expertise in cost accounting, management accounting, reporting, taxation, financial management, financial planning and cost controls. Read more

#cma #Cost and Management Accountant #Cost Auditor #Cost Accountant #CMA Course in Bangalore #CMA Coaching in Bangalore

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forwheels · 19 days ago

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Best CMA Coaching in Bangalore

Best CMA Coaching in Bangalore: Top 5 Institutes for Success

Choosing the right CMA (Certified Management Accountant) coaching can be a game-changer for students aspiring to build a successful career in finance and management. With numerous coaching centers offering CMA courses in Bangalore, finding the best one can be challenging. Students need a coaching institute that not only provides expert guidance but also offers the right support, study material, and mentorship to excel in their exams.

In this blog, we’ll explore the Top 5 CMA Coaching Centers in Bangalore for 2024, focusing on key aspects like faculty expertise, course structure, support services, and student success stories. The list is based on extensive research and feedback from students.

1. iProledge Academy: The Leader in CMA Coaching

iProledge Academy stands out as the best CMA coaching institute in Bangalore for several reasons. Known for its cutting-edge teaching techniques, experienced faculty, and a comprehensive approach to the CMA curriculum, iProledge Academy has helped hundreds of students achieve their CMA certification successfully.

Why Choose iProledge Academy?

Experienced Faculty: iProledge Academy is home to a team of highly qualified CMA instructors with industry experience. They provide real-world insights that help students better understand the subject matter and apply it in professional scenarios.

Updated Study Material: One of the biggest pain points for CMA students is outdated study material. At iProledge Academy, the curriculum is regularly updated to align with the latest CMA exam patterns, making sure that students are always one step ahead.

Personalized Learning Paths: Every student is unique, and iProledge understands that. They offer customized learning plans tailored to the strengths and weaknesses of individual students, ensuring that every aspirant has a clear path to success.

Mock Tests and Practice Papers: iProledge conducts regular mock exams that mimic the real CMA exam environment. This helps students build confidence, manage their time efficiently, and reduce exam anxiety.

Doubt-Solving Sessions: iProledge Academy is known for its interactive sessions where students can get their doubts clarified immediately. These one-on-one or group sessions enhance conceptual clarity and foster better learning.

Flexible Batch Timings: For working professionals or students managing multiple courses, iProledge offers flexible batch timings. Whether you're a full-time student or working part-time, you can find a schedule that works for you.

100% Placement Support: After completing the CMA certification, iProledge also assists students with placement opportunities, helping them land roles in top MNCs and financial institutions.

Success Stories

Many former students of iProledge Academy have cleared the CMA exam on their first attempt. Their success stories highlight the effectiveness of iProledge’s teaching methods and exam-focused approach.

Location: JP Nagar, Bangalore

Courses Offered: CMA India, CMA USA, CS, CA

Website: iProledge Academy

2. Success Edge Academy: Comprehensive CMA Coaching with Student-Centered Focus

Success Edge Academy is another leading institute offering exceptional CMA coaching in Bangalore. Known for its focus on student success and comprehensive study plans, Success Edge has garnered a reputation as one of the best places to prepare for CMA.

Why Choose Success Edge Academy?

Holistic Curriculum: Success Edge Academy covers the entire CMA syllabus in great detail, with a special emphasis on practical applications and real-world scenarios. This makes the learning process more interactive and engaging.

Supportive Faculty: The faculty members at Success Edge are not just knowledgeable; they are also passionate about teaching. They ensure that every student gets the attention they need and understand even the most complex topics with ease.

Extensive Practice Materials: Success Edge provides students with comprehensive study guides, test papers, and case studies to help them practice extensively. Their focus on practice ensures that students can tackle the CMA exam confidently.

Doubt Clarification and Mentorship: Regular doubt-clearing sessions and personalized mentorship programs help students stay on track. The academy’s one-on-one mentorship is particularly appreciated by students struggling with specific topics.

Affordable Fees: Success Edge Academy is known for its affordability without compromising on quality. They offer flexible payment plans, which is a big relief for students looking for top-notch coaching without financial stress.

Career Guidance: The academy also provides career guidance sessions, helping students understand the opportunities available after becoming a CMA. From resume building to interview preparation, they support students at every step.

Student Testimonials

Students have praised the academy for its well-structured course material and continuous support from the faculty. Success Edge’s focus on regular assessment and feedback has helped many students clear the exam on their first try.

Location: Basavanagudi, Bangalore

Courses Offered: CMA India, CMA USA, CA, CS

Website: Success Edge Academy

3. Miles Education: A CMA Powerhouse with International Reach

Miles Education is one of the leading names in CMA coaching, not just in Bangalore but across India. They have a solid reputation for offering world-class education and being an official partner with the Institute of Management Accountants (IMA) for the CMA USA course.

Why Choose Miles Education?

Global Presence: Miles has an international reach, making it ideal for students who may want to pursue a CMA career abroad. Their curriculum is aligned with global standards, which is an advantage for those looking to work in multinational corporations.

Industry-Tied Learning: They offer industry-aligned projects that give students real-world exposure. This helps students develop practical knowledge, which is invaluable for the CMA exam and future job roles.

Fast-Track Programs: Miles Education offers fast-track programs that allow students to complete the CMA certification in a shorter timeframe. This is especially useful for working professionals or those who want to expedite their certification process.

Comprehensive Study Material: Miles provides a rich set of study materials, including textbooks, video lessons, and practice exams, that thoroughly prepare students for the CMA exams.

Location: Indiranagar, Bangalore

Courses Offered: CMA USA, CMA India, CPA

Website: Miles Education

4. Simandhar Education: An Institute Focused on Practical and Theoretical Excellence

Simandhar Education is another well-known institute for CMA coaching, particularly focusing on a balanced approach that includes both theoretical knowledge and practical insights. They have a reputation for helping students understand the deeper nuances of the CMA course and its real-world applications.

Why Choose Simandhar Education?

Experienced Faculty: The instructors at Simandhar have significant experience in the field of management accounting, which enables them to provide practical examples and case studies that make learning easier and more effective.

Advanced Learning Tools: Simandhar offers advanced learning tools like interactive online courses, webinars, and live sessions to make sure that students get the most out of their study time.

Regular Assessments: Simandhar is known for its consistent evaluation of student progress. Regular assessments ensure that students are exam-ready and can handle the pressure of the CMA exams effectively.

Location: Koramangala, Bangalore

Courses Offered: CMA India, CMA USA, CPA, CS

Website: Simandhar Education

5. Zell Education: The Rising Star for CMA Coaching

Zell Education is relatively new to the CMA coaching scene but has quickly made a name for itself due to its modern teaching techniques and flexible course offerings. They focus on providing an immersive learning experience through a combination of online and offline classes.

Why Choose Zell Education?

Blended Learning: Zell offers both online and offline coaching options, making it highly flexible for students. This is particularly useful for those who cannot attend in-person classes regularly.

Affordable and Flexible Payment Plans: Zell provides affordable coaching with flexible payment plans, allowing students to focus on their studies without worrying about financial constraints.

Comprehensive Support: Zell offers complete guidance, from the registration process to exam preparation. Their holistic approach ensures that students feel supported throughout their CMA journey.

Location: Jayanagar, Bangalore

Courses Offered: CMA India, CMA USA, ACCA

Website: Zell Education

Conclusion: Choosing the Right CMA Coaching in Bangalore

Selecting the best CMA coaching institute is a crucial decision that can significantly impact your chances of clearing the exam and building a successful career. While institutes like iProledge Academy and Success Edge Academy offer the best combination of experienced faculty, flexible learning paths, and comprehensive support, other institutes like Miles Education, Simandhar Education, and Zell Education also provide strong alternatives depending on your individual needs.

Whether you're looking for personalized coaching, practical learning opportunities, or international exposure, Bangalore has a variety of coaching institutes to meet your needs. Be sure to assess your own requirements—such as batch timings, learning format (online/offline), faculty quality, and placement support—before making your final decision.

#cma course #best cma coaching in bangalore #best cma classes #Success edge academy #Bangalore #cma classes #Bnagalore

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mylogicvideos · 4 years ago

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What is Certified Management Accountant – USA?

CMA is a respected certification that can enhance your career and status.

CMA USA Coaching in Bangalore with MyLogicVideos will enable you to advance your skills in making decisions, financial analysis, planning, budgeting and many more. The knowledge and practice you gain while pursuing this qualification will not only help you in the current field of work but also in various different industries and segments.

CMA program deals with the application of your knowledge in various real-life cases. The learning from CMA USA online classes are practical in nature and the lessons can be easily applied in your career at various levels. IMA, which is the professional body from USA that provides the qualification and membership, offers all relevant to its members when and where required. CMA USA certification is of great benefit to the members in their respective job with latest upgrades and trends.

#CMA USA Coaching in Bangalore #MyLogicVideos #CMA USA online classes #best CMA USA coaching in Bangalore

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promarketo-blog · 5 years ago

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Requirements to sit in CMA USA Exam:

CMA (USA) being an internationally recognized qualification has a special importance in India. It is considered equivalent to ICWA qualification of India (presently known as CMA, India) as per a Mutual Recognition Act (MRA) between IMA, US and ICWA, India.

· Membership in IMA and enter the CMA program.

· Students can sit for the CMA exam before they graduate.

· The exam parts can be taken in any order.

· Only one exam can be taken at a time.

· Candidates must register to take one exam part within the first 12 months of entering the program and must complete both exam parts within three years.

· Student membership can be held for only six years.

· Can take exam while still in University at a much cheaper cost.

· To qualify for the Student / Academic discount, you must be an IMA Student/ Academic member taking 6 hours per semester.

�� Hi-Educare Academics Private Limited,

Website: https://hi-educare.com/courses/best-cma-training-institute-in-india/

Visit Us: #307,Oxford Tower,

Kodihalli, Near Manipal Hospital,

Bangalore 560008.

#cma #cmausa #cma usa online classes in india #cma usa coaching in bangalore #CMA USA Training

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questlation · 2 years ago

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BANGALORE, India , April 17, 2023 /PRNewswire/ -- IMA® (Institute of Management Accountants) has announced the appointment of Sunil Deshmukh, CMA, as Chair-Elect of IMA's Global Board of Directors for its 2024 fiscal period (July 1, 2023, to June 30, 2024). Deshmukh is a leadership and executive coach and strategy consultant with more than 30 years of experience working in consumer markets across Africa, Asia, the Middle East, and Southeast Asia. As Chair-Elect, Deshmukh will work closely with IMA's Board of Directors to continue strengthening the organization's international leadership and commitment to providing valuable resources, certification, and professional development opportunities to its members. Deshmukh plans to focus on enhancing IMA's relationships with universities, national accounting bodies, multinationals, and businesses to connect with current and aspiring finance and accounting executives and professionals. "I am thrilled to be appointed as IMA's Chair-Elect for the 2023-2024 fiscal year," said Deshmukh. "This is a significant responsibility that I take with utmost seriousness, and I am committed to contributing my best to the growth and success of IMA. I am eager to work with my esteemed colleagues on the Board and the wider IMA community to accomplish our shared goals and objectives. As Chair-Elect, I hope to be a source of inspiration and motivation for our members to strive for excellence. I am grateful for the trust placed in me and excited about the opportunities and challenges that lie ahead as we advance." In addition to earning his CMA in 2010, Deshmukh is a member of many other institutions, including the Institute of Cost Accountants of India (ICAI), the Institute of Company Secretaries of India (ICSI), and the Institute of Directors (IOD) of India. He is also an ACC – Associate Certified Coach – ICF USA, a Certified Executive Coach – Marshall Goldsmith Stakeholder Centered Coaching (MGSCC) USA, and has participated in many leadership programs in the U.S., UK, and India. Deshmukh has been an IMA member since 2010 and has served in various leadership positions within the organization. He has been a member of IMA's Global Board of Directors since 2021, where he has also been part of the Nominating Committee, IMA Leadership Academy, and CEO Search Committee. About IMA® (Institute of Management Accountants) IMA® is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) and CSCA® (Certified in Strategy and Competitive Analysis) programs, continuing education, networking, and advocacy of the highest ethical business practices. Twice named Professional Body of the Year by The Accountant/International Accounting Bulletin, IMA has a global network of about 140,000 members in 150 countries and 350 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe and Middle East/India. For more information about IMA, please visit www.imanet.org. Media Contact: [email protected] +91 97390 71919 Photo: https://mma.prnewswire.com/media/2055309/Sunil_Deshmukh_CMA.jpg Logo: https://mma.prnewswire.com/media/2030446/3961465/IMA_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/in/news-releases/ima-names-sunil-deshmukh-cma-chair-elect-for-2023-2024-fiscal-year-301798821.html Source link

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hieducare-blog · 5 years ago

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All You Need to Know About CMA US 2019

What is CMA US?

The Certified Management Accountant (CMA) certification which is administered by the Institute of Management Accountants is the globally recognized benchmark for management accountants and financial professionals. Passing the CMA is a testament to a financial professional’s skill sets in quantitative analysis, logical reasoning and decision-making abilities, all of which are highly valued in the financial world. Earning the CMA can give you the career boost that you have been looking for!

► How can you advance your career with CMA US?

· CV Booster – In order to climb the corporate ladder and earn that CFO title, you need the CMA to showcase your skill set to employers. The CMA is highly sought after by Big 4 auditing firms who use the CMA certification as a benchmark to select the best candidates for their recruitment process. The CMA helps your CV stand out from the rest and gives you that edge over other candidates

· Earn a better title and salary package – Boosting your CV with a CMA which is a testament to your knowledge and skills in management accounting can help you earn a better title for yourself and negotiate for a better salary package.

Did you know?

CMA’s earn 55% more in median total compensation than non-CMA’s. A Young professional between the ages of 20-29 can earn 70% more in salary than non-CMAs.

· Passport to success – The CMA is globally recognized by over 100 countries around the world. So your CMA can help you wherever you decide to advance your career in multi-national corporations around the world.

· Build your professional network – The CMA brings together industry professionals across the financial world, helping you to network with industry leaders from multi-national corporations. Almost 60% of jobs are gained with the help of a strong professional network; this is something that the CMA provides you with.

· Evolve your skill set and become resilient to economic fluctuations – When the economy is bad, jobs are scarce and companies start downsizing, it is during these times that your CMA will help you the most. The skills that the CMA provides you with are indispensable and this will enable you to remain immune to market fluctuations.

· Technology proof –With the rapid advancement of technology, many jobs are being replaced with AI (Artificial Intelligence), this means that as a financial professional you not only have to compete with other professionals but technological advancement as well. The CMA allows you to develop a unique skill set which is irreplaceable by even the best technology out there.

► What are your career options after CMA?

· Finance Manager

· Finance Analyst

· Financial Risk Manager

· Financial Controller

· Cost Accountant

· Chief Financial Officer

· Cost Manager

· Relationship Manager

► About CMA US Exam

The CMA exam is conducted in two parts. The duration of the exam is about 4 hours and there are 100 questions and two essay questions in each part. The essay question includes 8-10 written responses or calculations for tackling business situations described in the problem.

Part 1 covers financial reporting, planning, performance, and control.

· Length: The exam is broken up into two, you will have 3 hours to finish the multiple choice questions and one hour to finish the essay section.

· Format: Each exam consists of 100 multiple choice questions and two 30 minute essay questions.

· Strategy: Once you finish the MCQ’s you cannot go back. To move onto the essay section, you will need to have got at least 50% of the MCQ’s right.

· Passing Score – The exam is scored on a 0-500 scoring system. To have successfully passed the exam, you need at least a 360 score on the exam.

Topic Wise Weightage – Here is the topic wise weightage for the exam syllabus:

· External financial reporting decisions: 15%

· Planning, budgeting, and forecasting: 30%

· Performance management: 20%

· Cost management: 20%

· Internal controls: 15%

Pass rate and required study hours – The pass rate is around 50%. The recommended study hours for Part 1 (which is considered to be more difficult than part 2) is 150-170 hours.

Part 2 covers financial decision making.

· Length: The exam is broken up into two, you will have 3 hours to finish the multiple choice questions and one hour to finish the essay section.

· Format: Each exam consists of 100 multiple choice questions and two 30 minute essay questions.

· Strategy: Once you finish the MCQ’s you cannot go back. To move onto the essay section, you will need to have got at least 50% of the MCQ’s right.

· Passing Score: The exam is scored on a 0-500 scoring system. To have successfully passed the exam, you need at least a 360 score on the exam.

Pass rate and required study hours – The pass rate is around 50%. The recommended study hours for Part 2 is 150-170 hours.

Topic Wise Weightage – Here is the topic wise weightage for the exam syllabus

· Financial statement analysis: 25%

· Corporate finance: 20%

· Decision analysis: 20%

· Risk management: 10%

· Investment decisions: 15%

· Professional ethics: 10%

► When does the exam happen?

The candidate can appear for the examination in any of the following months

· January and February

· May and June

· September and October

In India, the test is administered by Prometric testing centers. You’ll have to schedule your exams at least 72 hours prior to book a slot to appear for the examination.

► Eligibility for CMA USA

To be eligible for the CMA certification, candidates must hold a bachelor’s degree and have two years of full-time continuous work experience in management accounting or financial management and must have passed the CMA US exam.

If you do not have the work experience yet, you can appear for the CMA exam and after having cleared the exam you can get the required experience for the certification.

► Examination Fees

Your CMA exam fee has 3 components. The CMA exam fee is different depending on whether you are a professional, student or an academic. This is the overall fee payment for each category. The information in brackets represents the break-up of the fee.

Student

Academic

Professional

$849 ($39+ $188 + $311)

$945 ($135+$188 + $311)

$1325 ($245 + $250 + $415)

The fee for each category includes the IMA membership fee, the CMA entrance fee, CMA Examination fee. The Fee Break up is as shown below;

· IMA Membership Fee – This is an annual fee which you have to pay while you are pursuing your CMA. Once you clear the CMA exam, you have to pay IMA fees annually to keep your certification active. Again, the IMA fees varies with your professional status. If you are on the path to becoming an accountant or financial manager, you would qualify for professional membership. A full-time faculty member holding teaching positions in Finance at accredited institutions would qualify for an Academic Membership. Students having 6 or more credit hours of classes at university/college would qualify for student membership.

Professional

$245

Academic

$135

Student

$39

Two-year Student

$78

CMA Entrance Fee – The CMA entrance fee allows you to pursue the CMA program. The exam fee is a one-time fee which you have to pay to start the CMA program. The candidate must finish the CMA program within 3 years of enrollment.

Professional

$250

Academic

$188

Student

$188

Two-year Student

$188

· CMA Examination Fee – the CMA registration fee depends on which IMA membership you belong to. This fee covers both the parts of the examination.

Professional

$415

Academic

$311

Student

$311

Two-year Student

$311

Although it may seem a bit pricey to you, the CMA US is an investment on your career and it pays for itself when you get that fat salary package on successfully completing the CMA US. Cost recovery is guaranteed and it is much cheaper than an MBA.

► How hard is the CMA Exam?

Despite having a lot of experience, some people are unable to clear the US CMA exam. Ever thought why? From our experience the three most common reasons are;

► Less time – As most people giving this exam are working professionals, they are not able to devote the required time to study.

► Pennywise, pound foolish- A lot of professionals don’t invest in study materials, lectures, videos, books, a question bank, mock test etc. They don’t realize that one extra exam attempt will cost them approx 25,000 – 30,000 as exam fee. Hence it is wise to invest in study material which will ensure you pass the exam.

► Weak Fundamentals- A lot of people do not have a strong financial acumen which is a must for this course. They may be good at one aspect of accounts – but this course requires you to have a management perspective to accounting. Hence due to a weak foundation, they are unable to grasp advanced concepts despite having required experience.

Ideally, one should study a topic & take the mock test. If he secures above 80%. One is ready to take the exam.

Ensure that you don’t make these common mistakes.

Why

Hi-Educare Best Institute for CMA US

(1.) All our experts are CMA certified and know the exam pattern in and out. The CMA tests your ability to give the CMA. Knowing the examination pattern is 80% of the game.

(2.) We periodically review your understanding of key concepts with tests. We have a question bank of over 4000 MCQ’s to help you strengthen your learning in topics that you may not be so confident in.

(3.) Our course material is exhaustive and covers all the core concepts in great depth with easy to understand examples which are great for people who have a weak foundation.

(4.) Our experts provide you with personal assistance on topics that you need to work on to give you the extra push to pass the examination

(5.) We will help you devise shortcut methods to tackle MCQ’s to help save you precious time on the exam.

FAQ’s

Q. Is the age factor a consideration?

Ans: Generally speaking most people take the CMA after college. It helps if you are fresh of college as your ability to memorize is sharp at that stage, but this is not a hard and fast rule. The CMA has a young professional award and the cut off age for that is 33 years (almost 10 years after most people complete their undergraduate degree)

Q. Can you take the CMA if you do not have a background in accounting?

One of the best ways to switch careers is to get a professional certification in that course. The CMA tests the ability of candidates who have existing knowledge of accounting, however, you should know that accounting is not rocket science and it can be learned. Once you get a hold of the basic concepts and fundamentals you are ready to dive into CMA course material.

Q. Can you take the exam before graduation?

Taking the exam early can actually benefit you in your CMA exam preparation. This is because when you are a student your ability to memorize and retain information is the strongest. Over time, this ability depreciates unless you are in the habit of keeping your brain active with problem-solving. Another added advantage of taking the CMA as a student is that you have to pay lower exam fees and you can take advantage of CMA scholarships which allow a student to take the exam for free.

Q. What kind of work experience do you need?

The CMA certification requires two years of continuous full-time work experience. That being said, you can fulfill this requirement before taking the CMA, while taking the CMA or after taking the CMA. Work experience in Management Accounting in a professional setting is needed. Full-time teaching experience in the field of management accounting is also considered as work experience, provided that 60% of your teaching courses covered the topic of advanced accounting.

https://hi-educare.com/all-you-need-to-know-about-cma-us-2019/

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gcraoacademy · 2 years ago

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Bangalore CMA institute

G.C RAO academy started in 2012 by Mr. G.C.Rao, A Young and Dynamic mentor to students aspiring to bring changes in commerce education in Karnataka. In a span of 11 years, produced No of qualified & semi-qualified CMA’s along with 33 ALL INDIA RANK HOLDERS.We offer coaching for both Regular classes for students and Weekend classes for working professionals

The Cost and Management Accountants (CMA India) course offered by G.C RAO academy aims to building competence in students. The CMA (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. The course training in particular fields of management accounting which will equip the students with a wide range of skills.

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