Women in Management Accounting

Women in Management Accounting: Breaking the Glass Ceiling with US CMA

The role of women in management accounting has evolved over the years, and the Certified Management Accountant (US CMA) designation can be a valuable tool for breaking the glass ceiling and advancing in this field.

Here are some ways in which women can leverage the US CMA credential to enhance their careers in management accounting:

Professional Credibility:

The US CMA designation is globally recognized and respected. By earning the US CMA, women can enhance their professional credibility and demonstrate their expertise in management accounting and financial management.

Career Advancement:

Having the US CMA credential can open doors to higher-level positions and increased responsibilities within organizations. It signifies a commitment to professional development and a strong foundation in strategic financial management.

Global Opportunities:

The US CMA is recognized internationally, allowing women in management accounting to pursue global career opportunities. This can be especially beneficial for those seeking roles in multinational corporations or organizations with an international presence.

Networking and Community Support:

The Institute of Management Accountants (IMA), the organization behind the US CMA, provides a supportive community for professionals. Women can benefit from networking opportunities, mentorship programs, and resources offered by the IMA to advance their careers.

Skill Development:

The US CMA curriculum covers a broad range of skills, including financial planning, analysis, control, and decision support. Women in management accounting can acquire and enhance these skills, making them well-rounded professionals capable of contributing to strategic decision-making.

Flexibility and Work-Life Balance:

The flexibility of the US CMA program, which allows candidates to study at their own pace, can be particularly advantageous for women managing work, education, and family responsibilities. This flexibility supports a better work-life balance during the certification process.

Equal Recognition:

The US CMA credential is awarded based on merit and competence, irrespective of gender. Earning the US CMA provides women with a tangible and equal measure of recognition for their skills and accomplishments in the field of management accounting.

Diversity and Inclusion Initiatives:

Many organizations are actively promoting diversity and inclusion. Holding a professional certification like the US CMA can contribute to an organization’s diversity goals and showcase a commitment to supporting the career growth of women in management roles.

Leadership Opportunities:

The US CMA designation positions women for leadership roles in finance and management. It equips them with the knowledge and skills needed to take on challenging leadership positions, including CFO or other executive roles.

Inspiration for Others:

Women who achieve the US CMA designation become role models and sources of inspiration for others aspiring to break into management accounting. Their success contributes to the overall advancement of women in the profession.

It is important to note that while the US CMA can be a powerful tool, overcoming gender-related challenges in the workplace may also require broader efforts such as advocating for diversity and inclusion, mentorship programs, and addressing systemic barriers. Ultimately, the US CMA credential can play a significant role in empowering women in management accounting to achieve their career goals and contribute to the growth and success of their organizations.

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Pursuing US CMA with Academic Studies | Uplift Professionals

 

CMA US

It is understandably hard for a student (without real working experience) to be sure which career path to take. They might be very interested in a subject but then when it comes to work, it could be a completely different experience. Not everyone has to have it all figured out or know exactly what career path they want to pursue while still working on their degree. Graduation is an important step in your career. But if you have a little idea about what is going on in the market, then only graduation is not all.

Yes, we are talking about your B. Com. You chose B. Com because you feel that you incline in business and commerce and, to be precise, accounting. But do you think completing your B. Com will give you an edge in accounting or business? You know that, right? Unfortunately, completing B. Com with a great score will not ensure success in an accounting career. You need to think farther, and you need to be on your edge.

When it comes to different career options for a commerce graduate, the most common careers after B. Com includes US CMA, MBA, M. Com, CA to name a few. Among these, US CMA is one such impressive international course in the field of management and accounting. Due to its wide acceptance, job opportunities, affordability, shorter duration, and higher pass rate, US CMA is one of the preferred career options during or after B. Com in comparison to other academic or professional courses. It has been observed that If we manage to complete CMA US with B.COM we will be able to earn at least 33.33% more than each non-certified accountant.

Some candidates decide not to take the exam early, and one of the main reasons is that they don’t know if the CMA US certification is going to be useful in their careers. If you have not completely mapped out what direction you want to go with your career yet, it may seem hard to justify all the work and study that goes into preparing for the CMA US exam, in the event that you may not need that certification at all. Many students are confused about whether to join CMA USA classes before or after graduation.

The Worth Of US CMA In 2022: By now, the majority of us are well aware about the CMA US course which confers a prestigious global professional credential in the field of management accounting…read more

The Thinking Process

  1. Identify the Benefits of US CMA Certification

Your first step is to determine the benefits of obtaining this certification. We’ve talked about many of them here in this post. The benefits for students may vary from those for people already in the workforce. You need to determine if they are right for you before making your decision.

  1. Compare to Other Accounting Certifications

Next, most candidates will do a comparison with other accounting certifications to ensure this is really the one they want. If you are still a student, you may want to devote some time to this research in order to be sure you are choosing the certification that matches the career path you plan to take after graduation.

If you’ve made the decision that you want to take the US CMA exam and get your certification, but you’re still a student, how do you qualify with the IMA? If you are currently enrolled in an institution of learning and have not yet graduated, you just need to prove to the IMA that you’re a student. You need to be registered for at least 6 credits per semester during an academic year. Then you will send confirmation of your degree over to the IMA within 7 years of passing the CMA US exam.

The benefit is obvious if you choose to get into management accounting right after graduation. The exam syllabus goes deep on costing analysis, internal controls, corporate finance, and financial management, which are all interesting and practical for junior financial and business analysts. You will use this information on a regular basis for your new job. If you come straight out of college, into your CMA US certification and into a job, it’s going to give you a leg up in the workforce. It will also give you a possible preference over certain job positions and promotions when they become available.

Statistics have shown that people a CMA US certification can gain higher employment than those without doing the same jobs. BCom with CMA US enables the students to obtain substantial fundamental knowledge of various financial and management accounting subjects while pursuing BCom. However, Joining CMA USA classes after graduation comes with its own challenges, especially if you are a working professional. If you are still in college it is recommended to join CMA USA classes as early as possible.

Why Should You Take the US CMA Exam Early During the Academic Study?

According to data from IMA, 23.9% of CMA candidates globally are students. (Source: SF Magazine, August 2015). This means they are taking the exam early before they have graduated from their study program. Let’s check the benefits:

  • Stronger Memory and Information Retention Capacity

It is quite well known that the ability to memorize and retain information is much better at a younger age. Most (but not all students) are young, as many people enter college right out of high school and at the start of their careers. If this is the case for you, it may be easier for you to learn and hold onto information you learn.

As we graduate, our book-smartness starts to depreciate, due to age as well as the fact that we have lots of things to take care of in our daily lives. Imagine the extra things you need to handle like a spouse, kids, loans, mortgage, household chores, bosses, colleagues, clients, and work projects. You won’t have many brain cells left for studying. This is why it’s much easier for students to take the exam while they are still fresh and free of these responsibilities.

  • May complement or supplement with BCOM syllabus

Surely, the syllabus of CMA US is such that it will cover most parts of the BCOM syllabus of any university.

  • Better Mentoring

It is often easier to find mentors in the college environment, versus the commercial world where your future boss may or may not be as supportive. At the college level, many people are going through the same thing, or have just gone through the same thing, and they are willing to help you get a leg up in your own start to your career.

  • IMA Membership and Exam Fees are Less

The IMA membership fee and exam fees are much lower for students than professionals. As long as you take at least 6 credit hours of courses in the last semester, you are qualified. Note that this discount will end once you graduate.

  • A Chance for the IMA Scholarship

Another advantage of taking the CMA US exam as students is the eligibility for the IMA scholarship, which allows students to take the exam at no cost to them. For this, the student has to be nominated by the concerned college/University through proper application proforma to be sent to IMA. The tip in getting this scholarship is to take initiatives in IMA sponsored events at school, such as launching the IMA Student Chapter and taking part in the student case competition. If you are able to seek help from a mentor and build a long-lasting relationship during the process, that would be a great bonus as well.

  • Time Saving Job Search

You will not obtain the CMA US certification right after graduation, but you could reap the benefit simply by passing the exams. By mentioning the passing of the CMA US exam in your resume you will be able to talk about the process and impact during career interviews even if your graduation is not yet completed officially.

  • Get Awarded

It is worth mentioning that you’ll have a chance to win the Priscilla C Payne award given only to student candidates. Again, you can only qualify for this award if you are still a student. This award is given to the candidate who achieves the highest score as a student in each teaching period. This is highly fascinating especially for any student candidates who are thinking about taking the exam early.

US CMA Review Systems, Books, Study Materials of 2022: Based on the pros and cons, following US CMA review system providers offering US CMA books, study materials, practice software’s etc., can be considered as the best US CMA review system providers that suits and can cater every type of student… Read more

Summary

The benefit is obvious if you choose to get into management accounting right after or during the graduation. The exam syllabus goes deep on costing analysis, internal controls, corporate finance, and financial management, which are all interesting and practical for junior financial and business analysts. You will use this information on a regular basis for your new job. If you come straight out of college, into your CMA certification and into a job, it’s going to give you a leg up in the workforce. It will also give you a possible preference over certain job positions and promotions when they become available.

Statistics have shown that people with a CMA US certification can gain higher employment than those without doing the same jobs. To acquire CMA USA certification, it is not important to have a background in commerce or accounting. The best way to adopt a career in commerce is to get a professional certification in the respective subjects. Therefore, students who have done their 12th grade in any stream can take up CMA USA Course. An advantage of pursuing a CMA USA course as a student is that you will only be required to pay lower exam fees with IMA and it also has the advantage of attaining IMA scholarships.

All in all, the CMA US program helps bridge the gap between college and the professional world. This is just one more bonus or benefit to come to students who decide to take the exam early.

For Further Information/Assistance, Contact:

www.upliftprofessionals.in/CMA

US CMA Course details – US CMA Certification from IMA USA: Syllabus, Eligibility, Duration, Fees, Books and Coaching | 2023 | Uplift Pro

The US CMA course come about as the international touchstone for financial white-collars and management accountants. The CMA US certification is offered by IMA (Institute of Management Accountants),USA, which is wide spread among 140 countries including India.

This is a professional certification from USA which one can get now in India within 9-12 months. Since the US CMA course and certification has opened new avenues for students and professionals in a global perspective, a detailed overview on the US CMA course details and US CMA certification from IMA is worthwhile and discussed below.

US CMA course details - Uplift Pro

CMA US Course Syllabus:

The CMA US course involve a 2 part online  exam based on the following sections:

A. US CMA Part 1- based on Financial Planning, Performance and Controls which contain following sub sections.

a) External Financial Reporting Decisions.

b) Planning, Budgeting and Forecasting

c) Performance Management

d) Cost Management.

e) Internal Controls.

f) Information Technology and Analytics.

B. US CMA Part 2- includes Strategic Financial Management having following subsections

a) Financial Statement Analysis.

b) Decision Analysis.

c) Risk Management.

d) Investment Decisions.

e) Professional Ethics.

Each part of the exam contains 100 MCQs and 2 Essay questions to answer.

Eligibility for the CMA US Course and Certification from IMA

To pursue the US CMA course and to obtain the CMA US certification from IMA, one has to comply with the following major requirements as mentioned below.

a) A bachelor’s degree from a recognised institution.

b) The academic credentials should be equivalent to 120 credit points.

c) Continuous 2 years work experience in financial accounting or related areas.

d) A valid IMA membership.

e) Commitment to abide by the IMA’ s Statement of Ethical Professionals Practice.

US CMA Course Duration

On an average, it takes about 12-18 months to complete both parts of exam which can be shortened to about 6-9 months upon dedicated study preparation within 3 years of registration. There are 3 exam windows available annually i.e. January/February, May/June and September/October respectively. One can book the slot as per the choice. Each part of the online exam has a duration of 4 hours.

US CMA Course Fee

The US CMA course fees and US CMA certification fees from IMA differs between a student and a working professional. The break ups for the entire fees as per status are depicted in the tables below:

US CMA course fees- Uplift PRO
US CMA course fees- Uplift PRO

US CMA Course Books

For successful completion of US CMA course and to obtain the CMA US certification, choosing a good study material/book is of immense importance. Several IMA approved CMA review courses are available like Gleim, Becker, Wiley, Hock etc. To name a few. One can select on the basis of content, price, lucidity etc. As for example, Gleim reviews are concise, exam oriented premium material with unique megabank in affordable price category.

CMA US Coaching

Effective study preparation of US CMA course and obtaining US CMA certification from IMA, need study support from books and coaching from a quality US CMA training institute than self studies only. 

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

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized US CMA course study center. We train students for US CMA through live online classes instead of pre recorded videos.

Being an authorized study partner of IMA US for US CMA course and an Indian partner of Gleim International, that provide premium time tested study materials, the Uplift team of mentors are selected from well qualified seasoned professionals with corporate exposure.

Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of our exclusive features include.

A. Authorized partner of IMA US CMA course in India

Authorized partner of IMA US in India

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

C. The dedicated faculty team for uplift live online US CMA classes are CMA US qualified with incredible marks and have more than 25 years working experience in corporate world. This help the student to learn and simulate the real life corporate working conditions which can not be attained through a CMA pass out faculty only.

D. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. Also, provides full admin support through the dedicated Uplift WhatsApp study group. We have a pass rate of 80% in US CMA course exams.

E. Pass percentage of US CMA students ” at first attempt” is about 80% in a duration of 6-9 months in comparison to near about 40-45% pass rate in a global perspective.

F. The small batch size of online classes provide effective interaction with the faculty which help  personalized attention towards achieving the target of  80% “pass at first attempt”. Frequent mock tests to make a student exam-ready.

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

H. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass. It means once you become an uplift student, you can attend unlimited live online classes till you pass at no extra cost or reregistration fees.

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

J. Provide full video recordings of each live class to every student on the next morning for revisions. Dedicated WhatsApp support group for 24*7 doubt clearing sessions beyond the class.

K. Provide EMI options for payment of tuition fees and 0% interest loan facilities. 

Request for Live Demo class / contact at +91-8787088850 to book your seats now. New US CMA batch to start soon.

US CMA course student of Uplift PRO