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 we should know every detail about the eligibility, exam structure, salaries, and the job opportunities after doing CMA course.
To get the CMA certification, you must have:
CMA exams divided into two parts (four hours for each part) and the exam syllabus of which is as below:
The candidate can appear for the US CMA exam in the following months.
The Certified Management Accountant (CMA) is an advanced professional certification designed to assess the skills of critical accounting and financial management for the smooth functioning of any business. It is a very dignified designation that especially needs the knowledge to make decisions along with strategy on investments, risk management, and corporate finance.
Obtaining the CMA certification will open a lot of career opportunities for you in the domestic as well as in the global market. It will help you enhance your financial, accounting, and management skills that will expand your career potential which will help you to stand out from the rest. Some of the job roles that you expect after completing CMA USA are:
Financial Analyst: Financial analysts have expertise in determining where and when to buy and sell investments. Advanced positions like investment partner, financial consultant, or portfolio manager are considered the right options for better growth in this career path.
Financial planner: Financial Planners are good advisers to the client to manage their money. They work for insurance or finance companies on how to make investments, future financial plans, etc.
Cost accountant: Cost Accountants focus on methods to reduce financial waste and increase profit from a business’s production costs. Advanced positions like Senior Cost Accountant and Financial Controller require CMA.
Corporate controller: Corporate Controller needs to report to the CFO and is also responsible for converting data into information that includes financial reports and income statements.
Chief Financial Officer (CFO): CMA certification can eventually open up the doors to top-most profiles such as CFO, vice president of finance in an organization. Their job is to oversee company investments, financial forecasting, and make suitable decisions for the business.
Now comes the most asked question, “How much will one earn after CMA?”. Well, that depends on various factors like company size, your position in the company, experience level, etc. Listed below are the salary of CMAs in India from different perspectives.
CMA Salary by Age & Years of Experience: Like every other certification and field, the salary of a CMA increases with experience. If you have just started out, you might not be able to draw the large amount, but after completing a few years, there’s no looking back.
CMA salaries by Job Role: Finance Managers and Financial Controllers are the positions that you must look out for as they are the highest-earning positions, but if you are starting, it is quite possible that you might have to work at entry-level.
Undoubtedly, CMA certification can brighten up your future in the accounting field. Yet, you can choose the most suitable one which interests you the most. Contact us to know the CMA opportunities in detail.