#us cpa jobs and salaries

[fintramglobal001]

🔴Known & Grown Ep - 6: US CPA Salary in India & Abroad

✨Welcome to our channel! Are you thinking about getting your US CPA license and working in India and abroad? Today's video dives deep into what you can expect to earn. We'll cover: Average US CPA salary in India (freshers & experienced) How your salary can vary based on location, industry, and company size

Apply Now - https://fintram.com/us-cpa-course/

[ustalav]

“No u don’t see, there actually is an accounting shortage. No I don’t hire new grads. Yes, I only hire people with their CPAs despite needing to work under a cpa in order to get licensed. Yes, we outsourced our entry level jobs to India. No, we don’t pay more than the big firms AND yes, we do make you work the same grueling hours as them. No work from home. Come in on weekends.”

[milescpareview]

Is CPA a High-Paying Job in the USA?

In the United States, the salary for accountants varies based on factors such as experience, education, location, and industry. On average, entry-level accountants can expect a starting salary ranging from $50,000 to $60,000 per year. With a few years of accounting jobs in the USA for Indians, this figure can rise to the range of $60,000 to $75,000.

Mid-level accountants, with five to ten years of experience, often earn between $75,000 and $100,000 annually. Those who advance to managerial or senior positions can command salaries exceeding $100,000, with top-tier professionals in specialized fields or managerial roles earning well into six figures.

The location within the U.S. plays a significant role in determining accounting job salaries in the US. Metropolitan areas and regions with a high cost of living generally offer higher compensation to accountants to offset living expenses.

Industries also influence accounting salaries, with professionals in finance, corporate management, and information technology often earning higher than those in non-profit or government sectors.

In conclusion, the accountant's salary range in the US by experience level and it reflects a competitive compensation structure, with ample room for growth. As businesses continue to recognize the importance of skilled financial professionals, the demand for qualified accountants remains strong, contributing to the overall attractiveness of the profession in terms of both financial rewards and career advancement opportunities. 

[smartstepstrainingacademy]

Unlocking Global Opportunities: Explore Global Accounting Courses at Smart Steps Training Academy

In today's interconnected world, businesses operate across borders. This globalization has created a surge in demand for skilled accounting professionals with a global perspective. If you're looking to enhance your career prospects and gain a competitive edge in the international accounting arena, Smart Steps Training Academy offers a range of comprehensive global accounting courses designed to equip you with the knowledge and skills you need to succeed.

Why Choose Global Accounting Courses?

Enhanced Career Opportunities: Global accounting certifications and qualifications are highly sought after by employers worldwide. They open doors to exciting career paths in multinational corporations, international accounting firms, and global organizations.

Increased Earning Potential: Professionals with global accounting expertise often command higher salaries and enjoy better career growth prospects.

Improved Job Security: In a dynamic global economy, possessing in-demand skills such as international financial reporting standards (IFRS) and cross-border taxation can significantly enhance your job security.

Expanded Skillset: Global accounting courses provide you with a comprehensive understanding of international accounting principles, regulations, and best practices, broadening your skillset and making you a more valuable asset to any organization.

Global Perspective: These courses foster a global mindset and equip you with the cultural awareness and intercultural communication skills necessary to thrive in an international business environment.

Smart Steps Training Academy: Your Path to Global Accounting Excellence

Smart Steps Training Academy is a leading provider of high-quality training programs, and our global accounting courses are designed to meet the evolving needs of the modern business world. Our expert instructors, with extensive industry experience, will guide you through the intricacies of international accounting standards, cross-border taxation, and global business practices.

Key Features of Our Global Accounting Courses:

Comprehensive Curriculum: Our courses cover a wide range of topics, including IFRS, US GAAP, international taxation, transfer pricing, foreign exchange, and more.

Experienced Faculty: Learn from industry-leading professionals with in-depth knowledge and practical experience in global accounting.

Hands-on Training: Gain practical experience through real-world case studies, simulations, and practical exercises.

Flexible Learning Options: Choose from a variety of learning formats, including classroom training, online courses, and blended learning options to suit your individual needs and preferences.

Industry-Recognized Certifications: Prepare for globally recognized certifications such as the Association of Chartered Certified Accountants (ACCA), Certified Public Accountant (CPA) International, and more.

Invest in Your Future with Smart Steps Training Academy

By enrolling in our global accounting courses, you're investing in your future and unlocking a world of exciting career opportunities. Contact Smart Steps Training Academy today to learn more about our programs and discover how we can help you achieve your global accounting aspirations.

[postgraduateguru]

What are CA equivalent courses and how do they compare to CA?

For decades, CA has been the most preferred choice of commerce students, considering it the most rewarding and prestigious path. While CA has its own set of  benefits and advantages, in today’s competitive era, there are other professional courses that yield even a better return on investment against the commonly held perception. As commerce students, you would not let go of the highest return on investment, right ?

Thus, here is a list of CA equivalent courses when compared on the basis of cost-benefit analysis!

CA Equivalent Courses

The one we would recommend on top of any other course would be a PG in Risk Management course offered by GRMI and there are a plethora of reasons to back that up. The course, founded and curated by a mix of academic and professional experts, covers all verticals of risk management from financial and operational to third-party and cybersecurity. The assurance of placement and a terrific placement record of 97% comes at the top of the list of benefits. Graduates earn a whopping median CTC of INR 9.25 LPA, working in roles like internal audit, business consulting, financial risk management, financial reporting,and other such domains. Previous employers include firms such as the Big-4 (EY, KPMG, Deloitte, PwC) so students can fulfill their dreams of working their dream jobs without doing a CA. Additionally, the institute comes with a well-thought out practical curriculum and learning modules, a distinguished yet approachable faculty and an alumni network students would die for, making it one of our top recommendations. GRMI can be contacted on 09910939240 for enquiries.

The Financial Risk Management (FRM) course is a highly sought after course and is equivalent to CA. The FRM program provides practical experiences and is highly regarded and respected in the financial industry. Professionals with the FRM certification often earn higher salaries than those with a CA degree, making it one of the best CA career options.

You have other options to look at like financial accounting, whereby you are majorly responsible for recording the transactions of a firm, financial analyst where you analyse this same data and provide the firm with your insight, company secretary which makes you a corporate lawyer and exercise all your knowledge and expertise of the markets without auditing.

Investment banking with certification courses in derivatives and  wealth management.

CFA (Chartered Financial Analyst), whereby you get to analyze investment decisions, and help with portfolio management of your clients are also spheres of related interest .

If you are looking to work abroad, or a degree that is recognized by foreign universities, then besides CFA(Chartered Financial Analyst) which is internationally recognized, you also have a course named US CMA (Certified Management Accountant) whereby you specialise in management practices in the US and gain skills in financial analysis  and strategic planning .

CPA (Certified Public Accountant) is a globally recognised professional certification that allows you to set up an international practice. The course is administered by the American Institute of Certified Public Accountants(AICPA).

Conclusion

All these options are to provide you with a panoramic view of the trends in short term professional courses these days but the one which always tops the list would be the PGDM course by GRMI, Gurgaon, considering the diversity that one course encapsulates within itself from covering topics as different as IT risk management to supply chain management. It is also a great option for people wondering what to do after CA. Students who are interested in the course may contact GRMI at 09910939240.

[jessicanomics]

As we welcome Q4 and you’re wondering how many pumpkin spiced lattes are too many to buy this season, I invite you to do the math on your taxes to give yourself a gut check on whether you’re in a refund or balance-due position with the IRS. Considering that bank interest rates are still 4.5% even after the September 2024 rate cut, this is no time to be prepaying the IRS if it’s unnecessary. That’s just too spooky!

At a high-level, the math is simple, “What do I owe for the year less what have I paid already?”, but the additional steps to reach ‘taxable income’ is where things get a bit trickier.

As of October, the year is in a lot of ways fully baked in terms of estimated compensation. Generally, companies pay bonuses and give raises at the beginning of the year, so at this point most salaried folks can estimate their total annual taxable income with some reasonable assurance.

Steps to Estimate Your Tax Position:

Step 1: Download your most recent paystub

Step 2: Calculate Year-to-Date (YTD) Taxable Income by subtracting pre-tax benefits from Gross Pay:

Gross Pay YTD (Includes salary, commission, bonus, imputed pay. Does not include non-taxable reimbursements)

-  401k deductions YTD

-  Medical, Dental, Vision deductions YTD

-  FSA/HSA deductions YTD

= YTD Taxable Income

Step 3: Calculate Remaining Pay Periods Taxable Income (same as Step 2, just for current pay period)

Taxable Income of most recent pay period (single pay-period)

x  # of remaining pay periods in year

= Taxable Income of Remaining Pay periods

(Most companies pay twice a month, but double check if you’re paid every two weeks or monthly to understand how many pay periods are remaining in the year)

Step 4: Calculate Estimated Annual Taxable Income

YTD Taxable Income

+ Taxable Income of the Remaining Pay periods

= Estimated Annual Taxable Income

Step 5: Use an Online Tax Calculator* and Input your Estimated Annual Taxable Income to find out your Federal Income Tax liability

Federal Income Tax amount from the calculator

- Federal Income Tax withholding on your YTD paystub

= Amount of Federal Income Tax you owe before year-end

(When looking at your paystub, ignore withholdings for Social Security and Medicare, those are not included in income tax calculations. Federal Income Tax is totally separate from social taxes.)

Step 6: Estimate Federal Income Tax you will pay in the remaining pay periods

Federal Income Tax withheld each pay period (from paystub)

x # remaining pay periods in the year

= Amount of Federal Income Tax you WILL pay in via payroll by year-end

If what you owe (Step 5) is less than what you will pay in (Step 6), you might be getting a refund.

If what you owe is more than what you will pay in, prepare for a balance due.

Side Hustles/Multiple Income Sources

Depending on if you’re a math/excel person or not, you could expand this exercise and add in your side hustle taxable income, bank interest, and dividends. Having multiple sources of income makes this tax exercise very important.

Remember that unless you have edited your company payroll settings to increase your tax withholding, your W-2 job is only withholding tax as if you only had that one job. If you have a side hustle, it’s a good idea to increase your W-4 form withholding taxes so that you can pay in more tax via payroll to cover the additional tax owed as a result of side hustles.

The advanced money-hack strategy is to pay in ONLY the required estimated tax and never overpay the IRS via withholdings (so the IRS owes you a refund). That means you just gave Uncle Sam an interest-free loan when you could be making interest on your own money. Interest rates on HYSA (high-yield savings accounts) are at 4.5% even after the September 2024 federal rate cut.

If all of this scares you more than a haunted house, then reach out to your CPA to do the math for you. These are of course estimates, but doing a Q4 tax check-in will help to relieve year-end anxiety around tax planning and give you a better idea of potential payments or refunds.

Notes

i) For simplicity, the equations above are only for Federal Income Tax estimates. Repeat this exercise with State Income Tax Calculators and paystub information to estimate your state liability.

ii) The IRS has an underpayment penalty safe harbor (no penalties) if you pay in at least:

90% of the current year liability OR

100% of the previous year liability (110% of previous year if you make more than $150k)

iii) The true money-hack strategy would be to stick to the minimum amounts to avoid penalties so you can maximize the cash in your HYSA. It’s important to always have cash set aside for taxes, but Uncle Sam doesn’t need to be holding your cash and making your interest if it’s not yet technically due. 

iv) This exercise assumes your paycheck will not change over Q4 (ex: you don’t change 401k withholdings or get a large year-end bonus). It’s also a good time to review your YTD 401k contributions and decide if you’d like to change it by year end. The 2024 401k employee deferral is $23k.

Glossary:

Payroll Withholding - ‘withholding’ refers to a tax amount being subtracted from your paycheck.

Payroll Deduction - ‘deduction’ refers to a benefit amount being subtracted from your paycheck (Health Insurance, Life Insurance, Transit funds).

Taxable Income - All income (salaries, bonuses, commissions, other imputed items like gift cards from your employer) less pre-tax deductions (401k, medical insurance, FSA or HSA health plan, Parking/Transit deductions). 

Imputed Income - These are things that your employer pays for you that the IRS sees as ‘taxable income’. Think of holiday gift card handouts, paying for gym memberships on your behalf, additional life/disability insurance.

This is not tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

[anyresume-ai]

Seal the Deal: Why Certifications and Licenses Matter on Your Resume

#Certifications and licenses can be powerful tools to enhance your resume, especially for entry-level to mid-senior level #jobseekers. They demonstrate your expertise, commitment to your #profession, and your willingness to continue learning.

Here’s why they matter

1. Enhances #Credibility

Certifications and licenses validate your #skills and #knowledge, showing employers that you meet #industry standards.

They serve as endorsements from reputable organizations, increasing your credibility.

2. Demonstrates Specialized Skills

Highlighting certifications can indicate specialized skills that are relevant to the #jobs you’re applying for.

They set you apart from other candidates by showcasing your additional #training and dedication to your field.

3. Shows Commitment to #Learning

Including certifications on your #resume demonstrates your commitment to ongoing #education and professional development.

It shows that you’re proactive about keeping up with industry #trends and #technologies.

4. Boosts #Salary Potential

Some certifications can lead to higher-paying job #opportunities. They can also make you eligible for #promotions and raises.

Employers often see certified professionals as more valuable #assets, which can lead to better job offers.

Here’s how to effectively showcase certifications and licenses on your resume:

1. Highlight Relevant Certifications

Only include certifications and licenses that are directly relevant to the job you're applying for.

Place them in a dedicated section labeled "Certifications" or "Licenses" for easy visibility.

2. Showcase Industry-Recognized Credentials

Employers often look for specific, industry-recognized credentials. For example, certifications like #PMP, #AWS Certified, or #CPA can instantly elevate your resume.

If you hold certifications that are in high demand, such as #Microsoft Certified or #Google #Analytics, list them prominently.

3. Include Expiry Dates

Some certifications and licenses require renewal. Make sure to include the expiry dates where applicable.

If your certification is lifelong or doesn’t expire, feel free to leave the date out.

4. Quantify the Impact

If your certification or license had a direct impact on your job #performance or #career #growth, mention it. For example, "Completed #SixSigma Certification, resulting in a 20% increase in process efficiency."

Including certifications and licenses on your resume gives you a competitive edge, showing employers that you are skilled and qualified. Make sure to list relevant certifications, emphasize well-recognized ones, and use a dedicated section to highlight them for maximum #impact.

"https://AnyResume.AI" can help you analyze your #resume and provide a comprehensive #report with suggestions to make it better.

#ResumeTips #JobSearch #AnyResume #Resume #Jobs #Career #CareerAdvice #openings #cv #ATS #ATSOptimization

[ssbf-mba-banking-finance]

The Importance of Practical Experience in Finance

Finance offers a lucrative career with a high salary. Many students want to pursue finance because it brings comfort and joy. However, there is a misconception that all finance jobs are about rote learning. Although it is a desk job, finance needs more than just using a few simple ratios. The person should possess good problem-solving skills to complete all their tasks efficiently. These skills are acquired through an MBA degree from the best MBA college in Pune for finance. MBA colleges provide practical experience in the form of internships and live projects. 

Benefits of Practical Experience in Finance

Practical experience provides you with many benefits. You get several opportunities to explore your skills and make sound financial decisions. This type of experience also adds value to your resume. 

Real-world Problem Solving

You learn to apply theoretical concepts in real-life situations. You also develop analytical skills that let you make better decisions. This skill is extremely useful when handling new projects. You will be able to gauge a situation better through a problem-solving approach.

Networking Opportunities

Internships also allow you to build a wider network of professionals. You will come across people of all sorts in your internship. Making connections with them allows you to contact them for professional favours. 

Skill Development

Your technical skills are also enhanced practically. You get to learn about new technologies and their applications in finance. These technical skills are useful in handling large projects. You can pursue a short-term MBA in Fintech to learn the relevant fintech skills. 

Career Advancement

Your employability will also increase if you have practical experience on your resume. Employers are looking for driven and passionate people in finance. Internships and live projects are a testament to this drive. Therefore, aim to get the best internship opportunities.

Industry Insights

Understanding industry trends will give you an edge over others in the job market. You must stay updated on the latest developments as the interviewers can ask you such questions. On the other hand, industry trends will also reveal future innovations. 

Types of Practical Experience

Let’s discuss the different types of practical experiences for you. You should know their duration and benefits to make the best choice for your career. 

Internships

You will get to interact with real professionals in the finance world. Internships also offer a handsome stipend to their interns. Therefore, you will benefit from learning and getting paid for the gig. 

Live Projects

Live projects also enhance your practical knowledge of finance. You will work under the guidance of a faculty and apply theoretical knowledge to solve real problems. Your research will develop your critical thinking. 

Certifications

Certifications like CPA and CFA also provide practical experience. These certificates demonstrate your professional skills. It takes a lot of talent to crack the exams for these certifications. 

Practical experience is essential for success in the field of finance. You can also develop the skills necessary to excel in your career. Practical experience enhances your technical abilities. Check out Symbiosis Pune's fee structure for an MBA in Finance and get some practical experience!

[fintramglobal001]

US CPA Salary in India

Are you looking to work in India as a US CPA? Check out our latest salary outlook for fresh US CPA graduates! In this video, we'll show you how the salary landscape has changed for US CPA's in India since last year, and give you an overview of the pay rates for various sectors in India. Thank you for watching this video! If there are any video suggestions that you would like us to make, please drop them in the comments. LIKE, SHARE, and SUBSCRIBE!

[milescpareview]

Celebrating 12 Years of Excellence of Miles Education!

Marking 12 Years of Excellence at Miles Education! Empowering accounting careers in India and expanding horizons in the US. Grateful for your support as we continue to achieve new milestones together.

To know more about us, visit: https://bit.ly/44fsVUP

[best-accounting-courses]

CPA Jobs in the USA for Indians: The Miles Pathway Advantage

For Indian professionals and students, aspiring to carve out a successful career in accounting, CPA jobs at top accounting firms in the USA represent an exciting opportunity. The US accounting industry is thriving, with a high demand for skilled CPAs across various sectors, including finance, tax, and audit. However, navigating the path to becoming a CPA can be complex, which is where the Miles Education comes into play.

The Miles US Pathway Program is a game-changer for Indian candidates aiming to secure CPA jobs overseas. Through this program, a candidate can complete their MS in accounting in one of the top universities in America, while parallelly preparing for CPA exam. Through this STEM integrated masters program, candidates automatically earn their 3F Visa from the USwhich allows them to work for three years. As you read, there are already 1000s of Miles alumni in US earning an average of $60,000+ salaries (50 Lakhs+)

Additionally, one of the most significant benefits of the Miles US Pathway Program is its comprehensive exam preparation resources. The program offers access to high-quality study materials, one on one sessions, mock tests and interviews, exam-ready study notes and guidance from more than 100 of industry experts. Varun Jain’s (The World's Favorite CPA/CMA Instructor) videos are globally recognised for its expertise in understanding complex topics to even candidates who aren’ aware of the ABCs of accounting. 

Moreover, the program assists with job placement, connecting candidates with leading U.S. employers and this support is crucial in a competitive job market where having a strong network and the right credentials can make all the difference.

Indian professionals seeking CPA jobs in the USA will find that the Miles US Pathway Program not only simplifies the certification process but also enhances their career prospects. By leveraging this program, candidates can gain a competitive edge, achieve their dream designation, and embark on a successful career. 

[smartstepstrainingacademy]

Global Accounting Courses in Hyderabad: A Career Launchpad with Smart Steps Training Academy

Are you looking to embark on a rewarding career in the global accounting field? Look no further than Smart Steps Training Academy in Hyderabad. Our comprehensive global accounting courses Hyderabad are designed to equip you with the knowledge and skills needed to excel in today's competitive business world.

Why Choose Smart Steps Training Academy?

Industry-Relevant Curriculum: Our courses are carefully crafted to align with the latest industry trends and standards. You'll learn from experienced professionals who have a deep understanding of global accounting practices.

Hands-On Training: We believe in practical learning. Our courses include hands-on exercises, simulations, and case studies to help you apply your knowledge to real-world scenarios.

Global Exposure: Gain exposure to international accounting standards and best practices. Our courses will prepare you to work in diverse environments and collaborate with teams from around the world.

Career Guidance: Our dedicated career counseling team will provide you with personalized guidance and support throughout your journey. We'll help you identify your career goals and develop a strategic plan to achieve them.

Our Global Accounting Courses:

Certified Public Accountant (CPA) Course: Prepare for the CPA exam and become a qualified accountant with global recognition.

Chartered Accountant (CA) Course: Acquire the expertise and skills required to excel in the Indian accounting profession.

International Financial Reporting Standards (IFRS) Course: Gain a deep understanding of IFRS and its application in global financial reporting.

Certified Management Accountant (CMA) Course: Develop the strategic financial management skills needed to drive business success.

Benefits of Global Accounting Courses:

Enhanced Career Prospects: A global accounting certification can open doors to exciting career opportunities in various industries.

Competitive Salary: Professionals with global accounting qualifications often command higher salaries and enjoy better job security.

Global Mobility: Your expertise will make you a valuable asset in organizations operating in multiple countries.

Intellectual Stimulation: Global accounting is a dynamic field that constantly evolves. You'll be challenged to stay updated with the latest developments and trends.

Join Smart Steps Training Academy Today!

Don't miss out on the opportunity to build a successful career in global accounting. Enroll in our courses and experience the difference.

Contact us today to learn more about our global accounting courses and how we can help you achieve your career aspirations.

[fintram]

US CPA Study Material

There are several reasons why pursuing the US CPA (Certified Public Accountant) designation can be beneficial:

Global Recognition: The CPA credential is globally recognized as a symbol of accounting and finance excellence, opening doors to career opportunities around the world. Career Advancement: Holding a CPA license can significantly enhance your career prospects, leading to higher salaries, promotions, and increased job security. Specialized Knowledge: The CPA exam covers a wide range of accounting topics, providing you with a deep and broad understanding of accounting principles, auditing practices, and tax regulations. Professional Credibility: Becoming a CPA demonstrates your commitment to professionalism and ethical standards in the field of accounting, enhancing your credibility among clients, employers, and peers. Versatility: A CPA license can open doors to a variety of career paths, including public accounting, corporate finance, government agencies, and consulting firms. Personal Growth: The CPA journey involves rigorous study and professional development, leading to personal growth and a sense of accomplishment. Overall, pursuing the US CPA designation can be a valuable investment in your career, providing you with the skills, knowledge, and credibility to excel in the field of accounting and finance.

[zelledu]

Popularity of US CMA Course in India | Zell Education

The Growth in Popularity of US CMA Course in India

Overview

The Certified Management Accountant (CMA) credential provided by the Institute of Management Accountants in USA has gained significant attraction all over India since its advent, almost ten years ago. The field of financial planning, analysis, control and decision support are provided by the CMA qualification. It prepares management accountants and finance for action required in the strategic management within a global economy that is increasingly becoming dynamic. Lets discuss the popularity of US CMA course in India.

According to IMA, as of 2022 in terms of number CMA holders across the world India is second after US. The popularity of US CMA amongst India’s accounting professionals is indicative that the fleeing population prefers to occupy jobs globally, and for higher salary. The number of CMA course and certification registrations has been increasing at over 20% year-on-year, showing clear interest in the program. Important factors are pushing more Indian accounting and finance professionals to earn the US CMA designation.

Increasing MNCs Establishing Presence in India

India has seen a steady rise in multinational companies (MNCs) setting up operations in the country over the past two decades due to economic liberalization and market-friendly policies. MNCs now contribute significantly to India’s GDP and job creation.

The popularity of US CMA certification can be attributed to its worldwide recognition and strategic financial planning concepts relevant to business expansion. Many of these MNCs have their headquarters in the US or have global shared services centers based there. They prefer to hire candidates with US certifications like the CMA due to the following reasons:

Uniformity in Accounting Practices: Adoption of US certifications leads to alignment of Indian operations with the global accounting practices followed within the organization. This enables smoother functioning.

Performance Benchmarking: Global finance teams are able to set goals objectively, measure performance, and compare results across different country operations. 

Talent Development: Structured training helps staff develop expert finance skills as per globally benchmarked standards regardless of their geographical location. This aids in succession planning and talent mobility across regions.

The increased presence of US MNCs and alignment of Indian arms to US corporate culture has significantly boosted the popularity of credentials like the CMA in India in the last 5-7 years.

Worldwide Recognition 

The US CMA qualification is recognized and valued worldwide, especially in countries like the United States, Canada, the Middle East and China. This gives it a global edge and international mobility for certified professionals. Owing to the popularity of US CMA in the workforce, many B-schools have started offering preparatory courses for the exam.

Portability Across Countries

CMA-certified accountants enjoy swift visa processing and ease of getting work permits across global economic hubs like:

1. United States: The IMA-CMA certification is licensed by all 50 American states and considered at par with other US accounting credentials like CPA, CFA etc. It is the fastest pathway for immigration to the USA through programs like H1B and EB2. Over 100,000 CMAs are currently employed in America.

2. Canada & Australia: Management accountants with a US CMA are prized by Canadian employers for accounting, strategy and financial planning roles across various industries. Certified CMAs also get extra migration points while applying for PR visas as skilled professionals. The same is the case with Australia.

3. Middle East: Countries like UAE, Qatar, Saudi Arabia and Oman are actively recruiting senior finance professionals and CXOs holding the reputed CMA qualification from the USA, offering lucrative tax-free salary packages.

4. China & Hong Kong: The majority of Fortune 500 companies have offices in China. They prefer employing CMA credential holders for uniformity in global accounting practices and seamless collaboration between regional teams.

Globally Benchmarked Program  

The US CMA course is administered by the IMA (Institute of Management Accountants), the world’s leading finance association dedicated solely to management accounting and financial management professionals. 

The 2-part CMA exam is competency-based and tests real-world application of knowledge on Financial Planning & Analysis, Corporate Finance, Decision Analysis, Risk Management, Investment Decisions and Professional Ethics.

It meets the highest global benchmarks in rigor and quality of the curriculum. Partnerships with renowned business schools like McGill Executive Institute (Canada) further bolster its pedigree as a gold standard in financial planning and analysis.

These reasons have exponentially boosted the global reputation of the US CMA certification in the last decade and expanded its scope beyond American shores into every major world economy.

A Short-Term Professional Program

The US CMA course is designed as a flexible and structured certification that can be completed alongside full-time work in just 12-16 months. The popularity of US CMA among entrepreneurs is growing as it helps them make key investment and financing decisions for rapid growth.

Self-Paced Learning: Professionals can self-learn the subjects at their convenience without needing to enroll in full-time classes. Study manuals, online classes, mock tests and expert mentorship provide a structured framework.

Exam-Based Testing: The evaluation methodology is exam-based, objective and focuses on practical real-world applications of knowledge through analysis of scenarios and problems.

2 Parts: There are two exam parts, each having two papers – multiple choice questions and essay-type descriptive questions. Candidates can give the parts one by one at their own pace.  

Accessible from Anywhere: CMA allows professionals from any geography to improve their skills by giving online proctored exams in their city. This removes geographical barriers.

CMA-certified professionals need just two years of relevant work experience in fields like budgeting, financial planning & analysis, management accounting, costing etc. 

This can be completed along with self-paced exam preparation over 1.5 years. So, within 12-16 months of signing up, financial executives can fulfill all CMA requirements without needing to take a career break.

Career Prospects with Top-Tier Employers

The US CMA opens up rewarding career opportunities both in India and abroad. Surveys show certified management accountants earn 35%-45% higher compensation compared to non-credentialed peers. Despite the growing popularity of US CMA courses, enrollments remain male-dominated, though experts encourage more women to acquire this strategic financial skillset.

In India, CMA-certified professionals are increasingly valued by large corporates, multinationals, consulting firms, banks and accounting practices for the following roles:

Financial Planning Managers

Cost Accounting Managers 

Investment Analysts

Business Analysts

Business Development Managers

Finance Controllers

Commercial Managers

Top global recruiters like Amazon, Deloitte, E&Y, Goldman Sachs, JP Morgan Chase, Walmart, Shell and IBM actively hire and reward CMA credential holders with lucrative salary packages.

Kickstart Your Entrepreneurial Journey with a Head Start  

For professionals aspiring to launch their ventures, the CMA course provides a strong foundation across all critical areas to set up and manage a company as certified management accountants.

Financial Planning: Prepare accurate cash flow statements, balance sheets, working capital projections, cost & profitability analysis and funding requirements for smooth business operations.

Costing: Expertise in decision-making concepts like target costing, life cycle costing and value analysis to maximize profitability and efficiency.

Regulatory Compliance: Knowledge of tax codes and laws across GST, corporate and labor laws applicable for business entities in India for legal compliance.

Technology Integration: Learn manufacturing, retail and service industry best practices to optimize performance via emerging digital technologies like AI, predictive analytics, blockchain etc.

Strategic Thinking: Understand market dynamics to identify new growth avenues, competition mapping, trends analysis and craft differentiated business strategies.  

Leadership Skills: IMA’s management accountant code of ethics instills principles of trust, accountability, transparency and integrity to lead by example.

With the popularity of US CMA, IMA’s India chapter is actively organizing information seminars and preparation workshops in metro cities. This 360-degree skillset positions certified CMAs as the ethical backbone for corporates and gives entrepreneurs a strategic head start to set up, manage and scale their own companies.

Conclusion

The rising popularity of US CMA courses in India is attributable to the country’s integration with the global economy and the increased presence of MNCs with bases in America. The course is widely respected worldwide for its rigorous curriculum. It expands the career prospects of Indian candidates beyond geographical borders while helping global corporations benchmark professional competencies. The exam-based structure also makes it a convenient and fast-track option for working professionals to upgrade their finance skills and earnings potential without a career break. No wonder it is emerging as the preferred global finance credential for smart Indian millennials looking to take their careers to new heights both within and outside India.

FAQs

Does US CMA have value in India?

Yes, the US CMA credential is highly valued in India due to the rising presence of MNCs with US headquarters who prefer to align their global operations with American business culture and accounting practices. It provides uniform training in finance concepts to Indian employees, enabling easier performance management across geographical locations.

Does US CMA have scope? 

The US CMA certification has immense scope in India as well as abroad. Surveys show CMA-certified professionals earn 35-45% higher than non-credentialed peers. Top global and Indian corporates across banking, financial services, information technology and manufacturing sectors actively recruit and reward CMA credential holders for a variety of strategic finance roles.

Is US CMA worth doing?

Yes, US CMA is absolutely worth pursuing for Indian finance professionals looking for global job mobility and higher earning potential. The course expands career opportunities abroad while opening up senior management roles with attractive salary packages across top Indian and multinational corporations.  

Where is CMA most demanded?

The US CMA credential is highly in demand in India, the United Arab Emirates (UAE), China, Canada, Australia and New Zealand due to rising globalization and the presence of multinational companies in these countries. Job surveys show that certified management accountants tend to earn higher remuneration compared to non-credentialed accounting and finance professionals in these regions.

Anant Bengani, brings expertise as a Chartered Accountant and a leading figure in finance and accounting education. He’s dedicated to empowering learners with the finest financial knowledge and skills.

[northstar-academy]

Top 7 Differences CPA Vs CMA: Salaries,Requirements, Career Paths

Which Exam Is Easier To Pass: CPA Or CMA?

If You're A Commerce Student And Want To Build A Career In Accounting, This One Question Always Comes To Your Mind, I.E., "Which Certification Is Better For Me; CPA Vs CMA?" Well, If You Are Struggling With The Same Question, We Are Here To Guide You Through The Right Path And Lead You Toward Success.     

This Is A Crucial Question For Your Career, So You Must Invest Time Into Thinking About It. In This Article, We Will Learn About The Merits And Demerits, Which Is Easy, The Salaries For Both These Courses, And Which One (CPA Vs CMA) Would Be The One Life-Changing Course For You. 

Introduction To CMA Vs CPA

CPA Is The Certified Public Accountant. It Is Also The Black Belt For Public Accounting Systems. At The Same Time, CMA, On The Other Hand, Is The Certified Management Accountant. It Generally Covers The Financial And Professional Accounting Of The Corporate World. 

Now, Let Us Discuss Both Of These Terms In Detail. 

What Is CPA?

Certified Public Accountant (CPA) Certification Accredited By AICPA Includes The Core Financial Accounting, Taxation, Auditing, Economics, Strategic Planning, Ethics, Business Laws, Cost Accounting, Statistics, And The Fundamental Difference Between The US International Accounting Systems. 

What Is CMA?

Certified Management Accountant (CMA USA) Accredited By IMA, Includes CFOs And Finance Managers, And Controllers. Its Core Functions Also Revolve Around Strategic And Operational Aspects Of Building An Organization, A Government Agency, Or NPOs (Non-Profit Organizations). CMA Is A Reputed Preference For Many Individuals Who Are In The Field Of Accounts & Management. 

Which Exam Is Harder: CMA Vs CPA? 

This Question Can Never Be Answered As It Will Remain Subjective. Some People Would Say That CPA Is Doable And Easier, And Others Will Say CMA Is The One They Would Like To Crack. All We Can Do Is Make It An Easier Choice For You. CMA Vs CPA Needs Some Discussion. 

The Thing About CPA Is That You Are Supposed To Sit For A 16-Hour Examination (That Is - The Four Sections Of The Exam). You Will Be Given 18 Months In Order To Crack All Four Parts Of This Examination. This Time Period Begins On The Very Day When You Give Your First Part Of The Exam And Pass. 

The Four Sections That Come Under CPA Are:

Auditing & Attestation (AUD)

Business Environment & Concepts (BEC)

Financial Accounting & Reporting (FAR)

Regulation (REG)

On The Other Hand, CMA Will Give You Three Years To Pass Two Sections Of The Exam. This Time Period Usually Begins On The Entry Into The CMA Program Day Itself. It Consists Of Two Main Parts, With Four Hours For Each Part. Another Fact Is That The Passing Rate Of CMA Is Lower Than CPA. 45% Candidates Are Able To Pass The Two Sections, Whereas, Collectively They Make Around 50% Passing Rate.

The Two Exam Parts That Come Under CMA Are:

Financial Planning, Performance, and Analytics

Strategic Financial Management

Career Paths After Acquiring The CMA & CPA Certifications

When It Comes To Job Opportunities For CMA Vs CPA, Both Have Various Options And Different Paths. Let Us Discuss Their Career Paths In Detail. 

A Licensed Certified Public Accountant (CPA) Can Work In Any Entity, Business, Or A Specific Firm, Such As:

Litigation support

Local or regional local firms 

National or international firms 

Providing tax, attic, or consulting services 

The Job Or Career Opportunities Of A Certified Public Accountant Are Given Below: 

Controller 

Public Accountant

Internal and External Auditor 

Financial Manager and Advisory Roles

On The Other Hand, CMA Also Holds A Vast Number Of Job Opportunities. A Certified Management Accountant Takes Care Of The Financial And Operational Parts Of The Organization. The Companies That Tend To Hire (Both In The US And Other Countries) CMAs Are Given Below:

Alcoa 

3M

AT&T

Bank of America 

Boeing 

Cargill 

The Job Opportunities That Come Under The Radar Of A Certified Management Accountant Are:

Financial Analyst

Cost Accountant

Financial Risk Manager

Various C-suite executive posts 

CFO

Difference Between The Salaries Of A CPA Vs CMA

If We Talk In Numbers, The Average Salary Of An Experienced Certified Public Accountant Is Around $66,000 Whereas The Average Salary Of A Certified Management Accountant Is Around $60,000 (As For Late-Career Holders). However, There Are Other Factors Too That Matter Over Salary. 

Let Us Discuss The Salary Of A Certified Public Accountant First. Normally, A CPA Earns 15% More Salary Than That Of Non-CPA�S.

The Factors That Affect The Salary Of A Certified Public Accountant Are As Follows:

Size of the firm

Public or private accounting 

Your initial work experience 

A Certified Management Accountant Has 63% Of Compensation Under His Profits. Initially, He/She Might Earn A Little Less Than A Certified Public Accountant. 

The Factors That Affect The Salary Of A CMA Are Given Below: 

The age of CMA 

Initial work experience

Education level 

And the industry he/she works in

However, This Should Not Be Affecting Your Decision Of Pursuing CMA  Because It Is A Known Fact That A Late-Career Of A Certified Management Accountant Is Far Better Than A Certified Public Accountant As He/She Earns More. Not Only Salary But Consider Other Factors Of Life As Well, Such As Job Satisfaction, A Work-Life Balance, And A Comfortable And Rich Lifestyle. 

CMA Vs CPA Has Been Described Above. All The Main Points Are Also Mentioned In The Same. Read And Make Your Choice Accordingly. 

What Are The Requirements For Becoming A CPA Vs CMA ? 

Though, There Is Not Much Of A Difference When It Comes To Eligibility Criteria For CMA Vs CPA. But, We Will Still Learn About It In Order To Avoid Further Confusion. These Certifications Have Their Own Specific Requirements, And Both Of Them Are Described Below, Separately. 

CPA Requirements 

There Are Three Basic Requirements To Become A Certified Public Accountant And They Are Described Below. 

Education 

Must be a 4-year bachelor's and must have a degree of the same. 

Must have a minimum number of accounting and business credits.  

A total of 150 or more credit hours.

Exam 

Is supposed to pass all four steps of the Uniform CPA Examination. 

Experience 

Must have 1-2 years of accounting experience from a known organization. 

Other Requirements 

You might also be asked to give an ethics exam (which solely depends on the state that you are being certified)

When you receive the CPA license or certification, you are supposed to complete a total of 40 hours of Continuing Education (every year). 

CMA USA Requirements 

There Are Four Basic Requirements Under A CPA Program And They Are Discussed Below. 

Education 

Must have a Bachelor's degree from a recognized university/college or from any related professional certification. 

Exam 

Must complete and pass both CMA exams (that is, CMA part 1 and CMA part 2) 

Experience 

Must have a 2-year (continuous) experience in any professional Management Accounting or Financial Management organization. 

Ethics 

Must know and follow the IMA's Statement of Ethical Professional Practice. 

Other Requirements

CMA USA also wants you to have 30 hours of Continuing Education (every year) in order to maintain the certification. 

What Are The Estimates Of CPA Vs CMA Salary In India?

Salaries For CPAs And CMAs Are Quite Similar, With The CPAs Slightly More; However, Wage Categorisations Are Likely To Be More Evenly Matched With Time. Much Will Depend On Your Practice Location, Job Title, And Years Of Experience, As With Any Professional Salary Comparison. According To Industry Statistics, A CPA Earns 15% More Than A Non-CPA Accountant On Average.

CPA Vs CMA In India

In India, Both CMA And CPA Are Highly Regarded Certifications With Distinct Professional Prospects. On The Basis Of Many Characteristics Such As Eligibility Requirements, Time And Effort Involved, Cost Of Certification, Wage Difference, And So On, One Can Simply Distinguish Between The Two And Select Which One Best Suits Their Needs. CMA Is A Wonderful Choice If You Are Involved In Management Accounting, Strategic Planning, Financial Planning, Reporting, Analysis, And Decision-Making.

CPA, On The Other Hand, Is Better If You Consider Auditing, Tax, Reporting, And Regulation. While CPA Certification Covers A Wide Range Of Skills Such As Financial Accounting, Auditing, Taxation, Business Law, Ethics, And Economics, CMA Certification Focuses Primarily On Financial And Accounting Expertise Required In The Corporate World, Such As The Skills Needed By Finance Managers, Controllers, And CFOs.

CPA Vs CMA: 

CMA Is More Practical Than CPA And Includes Abilities That Are More Useful And Essential In The Corporate World. CMA USA Is Far Less Expensive And Time-Consuming Than CPA, And The Examinations Could Be Undertaken Even Before Graduation. In Fact, After Obtaining CMA, You Might Want To Pursue CPA As Well, Because The Fundamental Curriculum Of Both Courses Is Accounting-Related, And Having Both Can Help You Stand Out. A Dual Certification Can Be Obtained By Pursuing Both Certifications One At A Time.

What Are The Aspects Of CPA Vs CMA Difficulty?

To Get Your CPA, You'll Have To Sit For 16 Hours Of Exams Spread Out Throughout The Four Sections. The CMA Exam, On The Other Hand, Is Divided Into Two Parts And Takes Eight Hours To Complete.

Despite This, The CMA Exam Has A Somewhat Lower Pass Rate, With About 45 Percent Passing Both Portions Together, Compared To Half (50 Percent) Or Better Passing Each Part Of The CPA Exam.

Candidates For The CMA Have Three Years To Complete Both Portions Of The Test. The Time Period Will Start On The Day You Started The CMA Program. You Have 1.5 Years To Complete All The Parts Of The CPA Exam If You Want To Become A CPA. The Time For The Exam Commences As Soon As You Sit For The First Part.

CPA Or CMA, Which Is Better In India? 

Because CPAs And CMAs Have Different Primary Areas Of Competence, Determining What Form Of Accounting You Want To Undertake Is Crucial.

CPAs Conduct And Sign Audits As Well As Tax Work, Including Representing Businesses During IRS Audits. Cost Accounting, Management Reporting, Financial Planning, And Analysis Are Among The Specialties Of CMAs.

In Manufacturing And Specific Jobs, Such As Plant Control And Management Accounting, CMAs Have An Advantage. However, At The Corporate Level And In Financial-Reporting Jobs, The Case Is The Opposite.

"A CPA Is A Route To Go If You Want Exposure To A Variety Of Sectors And Public Auditing Skills,". "The CPA Is Good If You Want To Work In The Very Same Work Each Day And Make An Impact At One Company, But The CMA Is Incredibly Relevant.�

Frequently Asked Questions  

1. Can We Do Both CPA Vs CMA? What About A Dual Certification?

A lot of students ask this question and, in fact, are able to choose the right path of dual certification. For CPAs, it is quite beneficial to pursue both the certifications one at a time. You can always do one certification, and after acquiring one can pursue the other one 

The reasons you should definitely go for a Dual Certification are: You will be a unique and valuable asset, standing out from your colleagues.  You will be able to pave a path to management.  A higher salary opportunity.  You will be able to serve your clients better.  You will have vast knowledge because of the overlapping courses.  So, we would suggest - totally go for it! 

2. Who Earns More: CPA Vs CMA ?

CMA has some major expertise more than the basic financial accounting hence earning slightly more than its counterparts. Though, this is not supposed to be an issue because even if the salary credits are higher, CPA is more reputed and better when it comes to late-career perks. 

3. Is CMA Harder Than CPA?

CPA is considered to be harder than CMA. Again, all this is based on personal opinion as well. Overall, the difficulty of the CPA exam is determined by the study resources you use, your experience, and your educational background. If you are confident enough for any one of them, then that course is for you! You wouldn't have to think about the difficulty level then.

4. Is CMA As Good As CPA?

CMA vs CPA both could prove to be career-driven accreditation and one is as good as the other one. So, the question of "who's better" should not even arise. Both CMA and CPA are highly regarded and in-demand career paths in the industry.

5. What Is The CMA Salary In India?

CMA salary in India ranges from ? 3.6 Lakhs to ? 40.2 Lakhs with an average annual salary of ? 7.0 Lakhs. Though, CMA in the USA and abroad provides a better outlook

6. Is CMA In Demand In India?

Yes, the CMA is an excellent career in India. As you can see from the information above, there are a variety of work prospects. You can also observe the numerous other advantages, such as raises in compensation, work security, and personal recognition. These are just a few of the reasons why people choose to pursue their CMA in India.

7. What Is The Salary Of CMA In Dubai?

For the current year, the average base wage in the UAE is $36,000. The CMA USA (Certified Management Accountant) seems to have a higher value in Dubai and other countries as well. 

Conclusion 

We Hope This Information Helps You In One Or The Other Way. Now That You Know About The Examination And Their Exam Difficulty Level, You Can Easily Choose And Pick Between The Two Courses, Or Even Go For Both Of Them! 

CMA USA Is Definitely Regarded As One Of The Best Certifications For Which You Should Take A Reliable And Comprehensive CMA Course And Clear It With Ease. On The Other Hand, CPA Certification Is Also No Less That Can Also Be Acquired With A CPA Certification Course From Top Institutes Like NorthStar Academy. 

CMA Vs CPA Is Something The Comparison Between The Two Is Supposed To Make Your Decision Easier. If You Still Have Any Doubts, Contact Us Or Comment Below. We Hope That You Choose Wisely.

#CMAUS #USCMA

[simandhareducation-blog]

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