What is CMA course and how can I do it ?
CMA means Certified Management Accountant..
Going for the CMA certification is a great career move, especially when you aspire to make it big in the field of management accounting. But before getting into it, it is important that you know every detail about the course, eligibility, exam structure, salaries and the opportunities it will offer.
To get the CMA certification, you must have:
- Membership of IMA
- A Bachelor’s degree from an accredited university
- Two years of relevant experience
- Passed both the parts of CMA Exams
CMA exams are divided into two parts (four hours for each part) the syllabus of which is as below:
Syllabus for CMA Exam Part 1
- External Financial Reporting Decisions
- Planning, Budgeting and Forecasting
- Performance Management
- Cost Management
- Internal Controls
Syllabus for CMA Exam Part 2
- Financial Statement Analysis
- Corporate Finance
- Decision Analysis
- Risk Management
- Investment Decisions
- Professional Ethics
The candidates have to clear both these parts within 3 years of registering for CMA.
When can you appear for the exam?
The candidate can appear for the exam in the following months
- January and February
- May and June
- September and October
CMA Exams are administered by Prometric which has centers all over the world. You’ll have to schedule your exams atleast 72 hours prior (It is advisable to schedule atleast 4 week in advance)
Career Prospects after completing CMAObtaining the CMA certification will open a lot of opportunities for you in the domestic as well as the global market. It will help you to enhance your financial, accounting and management skills that will expand your career potential and which will help you to stand out from the rest. Some of the job roles that you expect after completing CMA are:
- Finance Manager
- Financial Analyst
- Financial Risk Manager
- Financial Controller
- Cost Accountant
- Chief Financial Officer
- Cost Manager
- Relationship Manager
Now comes the most important question, “How much will you earn after CMA?” Well that depends on various factors like company size, your position in the company, experience level etc. Below you can find the salary of CMA in India from all these different perspectives.
CMA salaries by Years of Experience
Like every other certification and field,
