US CMA Scope and Benefits

Scope and Benefits – All about US CMA course details- Jobs & Salary |Eligibility| Course fees |Syllabus| Duration|[2024 Updated]

US Certified Management Accountant (US CMA course) by the Institute of Management Accountants (IMA), USA has been one of the most sought after qualifications around the world.

Earning the US CMA can give you the career boost as they have an excellent rate of absorption all over the world. Currently, US CMA has marked its presence in over 100 countries including the United States (US).

The US CMA course is pursued by students who are keen in learning budgeting and management accounting. The professionals with US CMA qualifications are preferred over other candidates, by multinational companies and established conglomerates.

Scope of US CMA course in India

US CMAs are important assets in all types of organizations. Completion of a US CMA course in India is possible and opens multiple ways to improve your financial skills & management qualities. They analyze operating results, review performance, audit operations, and resolve issues that enhance the strategic objectives of the organization.

CMAs appreciate the business approach for managing customer value, formulating strategies, and valuing equity. CMAs are value creators, not just merely accountants who adhere to compliance to the profession.

Corporates hire US CMA as they are considered experts in value creation and business strategy. Over the years, the prominence of the US CMA course has been rising fabulously. It is because of the economic growth in India and large foreign business markets. One of the greatest advantages of having US CMA certification is it will open many prospects for Indian candidates.

The key drivers for US CMA course in India include

A. Growth potential in the manufacturing sector and government efforts like ‚ÄúMake in India‚ÄĚ to promote Indian manufacturer‚Äôs.¬† In this context, US CMA is huge demand in India

B. As US CMA’s are considered as experts in business strategy and cost controlling, Management consulting firms like EY, KPMG hire US CMA as management consultants for restructuring services for industries.

C. Strengthening of banking especially in rural parts of India is a key driver for the need of CMA experts.

D. Growing demand for insurance products is an opportunity for US CMAs in India.

Benefits of US CMA course

By now, as seen in the last decade, about 99% of the MNCs and big companies started functioning in India and Middle East are basically of US incorporated,  either directly or as a subsidiary which raise funds or listed in US stock exchanges. All these companies are required to comply with the Securities Exchange Commission (SEC).

US CMA is in great demand in all sectors. CMAs are also being recruited by MNCs like Accenture, Amazon, and Deloitte and so on for the managerial positions like financial controllers, Budget Analysts, Cost Auditors, Chief financial controller and many other high level positions.

Among the Middle East countries, UAE, Saudi Arabia and Egypt have the most number of IMA members representing 35%, 25% and 13% respectively. The job profiles include Financial Controller, Zakat and Taxes Supervisor, Senior Accountant, Budgeting Section Head, Group Internal Auditor, Financial Analyst etc.

The major recruiters among many include companies like  Khobar, Harvest, CMACGM, Honeywell, Al Futtaim Group, Vodafone, Oriental Insurance etc. Notably, in the Gulf, Dubai becomes the top job provider for US CMAs. Some of the Dubai based companies which hire US CMAs are Ceva Logistics, TMF Group, Transmed, Kitapi, Huhtamaki Group, KPMG, Phantom Associates, Milliman, Amazon, Sffeco Global at entry, middle and senior levels of accounting and financial management.

It has been noted that the highest number of employment for US CMAs  are from the Finance /Insurance/Real Estate sectors followed by the Manufacturing Industry

Job Opportunities of US CMA

Job Opportunities of US CMA

Since they are in demand in various sectors for many skills, the US CMAs have immense job opportunities in India like those given below and a lot more related to Finance.

·        Research Analyst

·        Cost Accountant

·        Legal Advisor

·        Finance Manager

·        Financial Analyst

·        Management Consultant

·        Cost Auditor

In India, a fresh US CMA candidate in India can get a starting salary of INR 4-8 lakhs per year. This can go up to nearly INR 80 Lakhs once you become a CFO of a company.

Median compensation of US CMA salary by various job roles

The latest Global Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that holding the US CMA certification helps to add value beyond the basic compensation. 90% of survey respondents with US CMA certification said that US CMA gives them more confidence to perform their job at a high level. The median salary of a US CMA professional is above 76% higher than non-CMAs.

The survey invitations were sent to 7,949 IMA members in the Middle East/Africa/India (MEAI) region. It was found that the difference in total compensation between CMAs and non-CMAs worldwide is nearly USD 23,000; a strong reason why a US CMA course is a career changing qualification.

Further, 90% agree that the US CMA course helps them to work in all areas of the business, and more than 80% of respondents agree that the US CMA certification creates better career opportunities nearly, 95% would recommend the certification to a friend.

Non- CMA vs.US CMA salary by region

The median base US CMA salary/CMA for 2020 for all participants in MEAI were USD 25,000 as compared to median based salary of USD 22,500 in year 2019. Similarly, median total compensation for year 2020 stands at USD 27,000 as compared to the median total compensation of USD 25,000 during previous year.

Further, a majority of respondents in the middle management category, indicated that they receive a higher percentage of their total compensation largely due to bonuses based on individual or company performance.

The survey results indicated that respondents holding the CMA or US CMA earn a 76% higher median US CMA salary and 80% higher median total compensation compared to those who do not hold the certification. Holding a US CMA certification also makes a person more disciplined, career oriented, smart, and motivated helping to move faster to higher management roles in the industry.

Median salary and Total compensation by region, US CMA salary VS. NON-CMA

Median salary and Total compensation by region, US CMA salary VS. NON-CMA

US CMA salary in India

The survey results indicate the median total compensation in India stands at USD 16,300, as compared to salary in MEAI (USD 27,000) and globally (USD 67,500).  Further, the respondents holding the CMA in India, has an average total compensation of USD 29,685, which is 53% higher compared to non-CMAs in India. In addition, for those in top management in India, average total compensation was 45% greater compared to those in senior management. For further reading we have additional articles on US CMA salary.

US CMA salary in India

 US CMA salary in India

Outlook on US CMA jobs in India

According to BLS( Bureau of Labor Statistics), in India, the employment in the accounting field will increase by 10% within 2026, thus indicating increasing opportunities for US CMA jobs. Doubtlessly, it can be stated that CMA US certification can enlighten your future career graph in the arena of accountancy and finance in Indian backdrop.

US CMA Job Satisfaction

With increasing area-wise demand for US CMA course holders, the importance of these skilled professionals are also growing. Thus, the jobs they are getting in the familiar domains become more secured with better job satisfaction that help in the equal growth opportunities for the employee and the employer in a win-win situation. The overall pattern of job factor satisfaction and importance in a global setting is presented below

US CMA course - US CMA Job Satisfaction- Uplift Pro student

Being an ambitious accountant, if you really add a spark to your career, you can steadily take the US CMA course program as value addition. Now, if you like to take your US CMA sojourn, you should know at the beginning, how one can be a US CMA by taking well informed decisions as follows.

A. Knowing the advantage of US CMA certificate

There are various benefits that a CMA US holder under IMA can enjoy. To name a few, Elevated income opportunities, higher job security, upliftment of skill and expertise as well as much acclaimed reputation and respect. Since US CMA is considered gold standard in management accounting at global level, the acquired skills and knowledge are real time simulation in the domain.

B. Knowing the process

Obviously, there are certain requirements which one has to meet up to enter the US CMA program. The 3 “E”s i.e. the Exam, education and experience respectively. For the exam, it has two parts where both the parts has to be cleared within a span of 3 years upon entering the program.

For education, a graduation degree ( equivalent to 120 credit points) is required within 7 years of the completion of US CMA exam. Finally, continuous 2 years working experience on financial management/ management accounting is required within 7 years of completion of the CMA US exam

C. Knowing the exam

The US CMA exam has 2 parts, both of which include 100 MCQs and 2 essay questions to be answered within 4 hours. Part 1 contain Financial Planning, Performance and Analytics while Part 2 involve Strategic Financial Management. The CMA US exam is considered not too tough not too easy type which means with due dedication and proper study support, successful clearance of this 2 part exam at first attempt is quite achievable.

D. Knowing the cost

The overall cost to secure the US CMA course certification stands around 2000 USD approximately on an average excluding the study support. Although this has something to do with affordability, an average hike of around 47% in salary of a CMA US holder justifies the dividends on the cost incurred as investment. Furthermore, to make things easier, several CMA discounts are available with IMA and its authorized study partners to make use and reduce the burden.

US CMA salary in India: Results from IMA’s salary survey-2021:- The latest Middle East/Africa/ India (MEAI) CMA Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that a median salary of a US CMA professional is above 76% higher than non-CMAs, a strong reason why a US CMA course is a career changing qualification. continue reading…

E. Knowing the exam windows

Video Upon entering in to the CMA US program, by paying the IMA membership and entrance fees, one can register for the any part of the exam. The annual testing windows for US CMA exam is January/February, May/June and September/October respectively. One can schedule the date and time of the exam in the appropriate prometric test center following the respective window.

F. Knowing the preparation

The CMA US exam demand  dedicated study preparation and practice. Once entered in the US CMA program, one can get free access to IMA study support package for 6 months. Although the package  helps to some extent on the pattern and content of the exam, it is not to be suffice. To crack the exam successfully, one has to take additional study support in the form of review materials/books and mentoring by quality faculty of an IMA approved training institute.

G. Knowing the study materials and training

There are several IMA approved review courses available for US CMA which helps to prepare for the exam. Generally, a review material include, e books/hard copy, question banks for practice, audio and video lectures etc. One can choose the material accordingly. Study using the review materials supplemented with attending regular classes of an IMA approved training institute has proven to be quite helpful to pass the CMA US exam.

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.

US CMA Course Syllabus for 2024

Part 1: Financial Planning, Performance, and Analytics

Topic

Weightage

Technology and Analysis

15%

Internal Controls

15%

Cost Management

15%

Performance Management

20%

External Financial Reporting Decisions

15%

Planning, Budgeting, and Forecasting

20%

There are some noteworthy updates, but the title, section titles, and weighting in Part 1 remain the same. Consolidated Financial Statements, Alternative Costing Systems, Internal Control Testing Procedures, Control Deficiency Rectifications, and Data Management are among the newly added subjects. Conversely, some courses have been removed from the curriculum, including Activity-Based Management, Theory of Constraints, and Process Costing.

Part 2: Strategic Financial Management

Topic

Weightage

Financial Statement Analysis

20%

Corporate Finance

20%

Decision Analysis

25%

Risk Management

10%

Investment Decisions

10%

Professional Ethics

15%

While Part 2 maintains the same titles, section titles, and their respective weightages, noteworthy changes have been introduced.In addition, fresh subjects like Data Ethics, Sensitivity Analysis, Debt Financing, Discount Rates, Financial Trends Analysis, and Types of Business Fraud have been added to the curriculum. On the other hand, a few topics have been removed, including Ethics, SMA Value, Moral Philosophies, and Market Efficiency.

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:

Fees-Payable-to-IMA-US-by-Professionals

A. CMA US exam fee structure

1. IMA Membership Fee

To get registered for US CMA exam, one has to be a member of IMA in lieu of a certain amount of fee to  pursue the exam process. The price of membership fees vary according to the status of the candidate. 

As for example, a person who is already in a job will be considered for a professional membership while  an individual from a college or university study mode can opt for a student membership.

Obviously, the  rate varies between the two categories. A student member has to pay much lesser amount in  comparison to a professional IMA member. The comparative rate in USD and corresponding INR values  are depicted in the comprehensive.

2. US CMA Entrance Fee

Upon payment of the membership fee, one has to pay a US CMA course entrance fee which is a route to pursue  the CMA US certification. This one time fee has to be paid once you are ready to go through for the  exam upon satisfactory preparation. As usual, the price of the entrance fee also varies according to the  chosen category i.e. a student member is required to pay less than a professional.

3. US CMA Examination Fee

Ultimately, once the above procedural fees is being paid, next comes the fees to be paid to sit for the  exam finally. This payment ensure the registration and slot booking for the CMA US exam. Since, the  exam has two parts, one has to pay the exam fee twice. The fee is same for both the parts (Table 1),  however, the price also varies as per the membership categories. Likewise, a professional IMA member  has to pay more than a student member.

Fees-Payable-to-IMA-US

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.

Choosing the best institute is the key success formula for US CMA

As mentioned above, a mentoring support is critical for passing the exams. Though there are many training institute in India claiming to be the ‚Äúbest‚ÄĚ in their own respective areas. But they may not be true in several factors like passing rate, quality of education, placement assistance, etc.

Below is the table on weightage formula and some of questions you may ask to choose a right coaching center.

Criteria Weightage (%)
What is the passing rate of students in the institute? 20
Is the institute an authorized study center for US CMA? 20
Who are the mentors? 15
Are they all industry-experienced US CMAs? 10
Does the institute provide branded study materials? 5
How many hours of “live training for CMA US” the institute provides? 5
Does it provide recording of all live classes for revision? 5
Feedback of students 10
Do they prepare you with interview skills and guide for placement once you be a CMA US? 5
Do they provide any financial assistance to needy people? 5
Minimum weightage required for choosing an institute is 80 %

Considering the minimum threshold score of 80, we can say that Uplift Pro as an ideal CMA US training institute which meets all the above criteria. The institute is widely recognized as the industry leader in providing live online US CMA course classes in India, Middle East and Africa. Uplift Pro is a valued CMA study center recognized by the IMA US and Gleim Accounting for training students for the CMA US course. 

Another of the key achievement of the institute is that, they have a US CMA pass rate of 80% as compared to worldwide pass-percentage for CMA US is 45%. This is the key reason why Uplift Pro is rated as the best CMA USA coaching center in India, Middle East and Africa.

Uplift Pro is proud to have some of the best CMA mentors in its team. Hence it never compromise on the quality part and provide you a guarantee ‚ÄúTill You Pass‚ÄĚ.

Choose the best US CMA institute in India, Africa, and Middle East ‚Äď 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 CMA US study center.

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

Uplift Pro- Authorized partner of IMA US CMA in India

A. Authorized partner of IMA US CMA course 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 ‚ÄĚ at first attempt‚ÄĚ 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% ‚Äúpass at first attempt‚ÄĚ

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

H. ‚ÄúTill you pass‚ÄĚ 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.

Request for Live Demo class / contact at +91-8787088850 to book your seats now. 

US CMA Fees and Facts | FY 2023 | Uplift Professionals

We are in the 2022 career path to select our destination. Importantly, 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 field of management and accounting.

US CMA course Fees an Facts -2022-Uplift Professionals

CMA stands for Certified Management Accountant and is offered by the Institute of Certified Management Accountants (IMA). Earning it can give you the career boost you are looking for. Moreover, they have an excellent absorption rate all over the world. Currently, CMA has presence in over 140 countries including the United States (US).

1. Benefits of US CMA

1.1 Career Growth

One of the biggest benefits of having a CMA USA is career growth and development. Several mid and senior-level individuals who wish to acquire expertise in the world of finance, management, accounting and business take-up CMA certification.

1.2 Global Opportunities

CMA USA is a global professional certification and recognized by countries like China, India, UK, Canada, Middle East countries. Above all, it presents an opportunity to settle and work abroad as well as learn about global practices and business ethics.

1.3 Increased financial success

CMA is a lucrative opportunity and can lead to tremendous financial success.

a. 58% of candidates with a CMA USA certificate see an increase in their salaries and benefits.

b. Nearly 37% of candidates between the age 20-29 globally have a salary advantage.

1.4 Short-Duration course

In addition, another advantage of taking up CMA USA is that it can be completed in 12 to 18 months. The exam is conducted thrice in one year giving ample opportunities to candidates to finish their course on time- January and February, May and June & September and October.

1.5 Versatile Certification

CMA is a versatile degree and opens to candidates from an array of specializations. Candidates with a minimum of 2 years of work experience and a bachelor degree programs from areas like engineering, business administration, economics, accountants and finance can take up this course.

2. Eligibility Criteria for US CMA

To pursue this prestigious program by IMA, you need to fulfill certain prerequisites specified by the institution. Candidates with discrepancies in their application or those who fail to meet the requirements will not be allowed to get admission in the course. Mentioned below are major entry requisites of US CMA :

2.1 IMA Membership

2.2 A bachelor’s degree from a renowned institution in a related field.

2.3 You must possess 2 continuous years of work experience in Management Accounting or Financial Accounting.

2.4 You must abide by the IMA’s Statement of Ethical Professional Practice.

3. Exam Structure

The US CMA exam is available in two parts . In order to gain this certification, it is essential for you to qualify for both these parts.

Part 1 or Part 2 examination can be taken in any order but you will only be qualified for the next one if you clear the first examination.

The registration for an exam is valid only for one exam window. Therefore, you have to register again if you wish to appear again for the exam.

The testing window opens up every year in the months of January/ February, May/ June, September/ October. Thus, you can book the slot of your choice and take the examination accordingly.

The exam is a computer-based examination. Each exam duration is 4 hours. It includes 100 MCQ questions and two 30-minute essays.

Top US CMA Exam tips ‚Äď the preparation strategy [ 2021 Update]¬†:- The most important part is the study/preparation in a guided manner having a proper schedule. Eventually, you will be adapted to the syllabus and format of the US CMA exam. But the ultimate aim is to clear the exam in shorter duration and obviously at first attempt.‚Ķcontinue reading

4. Syllabus

In this section, let us understand the US CMA course syllabus of Part 1 and Part 2.

Part 1: Financial Planning, Performance and Analytics Weightage
Technology and Analysis 15%
Internal Controls 15%
Cost Management 15%
Performance Management  20%
Planning, Budgeting and Forecasting  20%
External Financial Reporting Decisions  15%
Part 2: Strategic Financial Management Weightage
Financial Statement Analysis  20%
Corporate Finance 20% 
Decision Analysis 25%
Risk Management 10%
Investment Decisions  10%
Professional Ethics 15%

5. Concerned about US CMA Fees/Costs?

The US CMA salary totally compensates for exam fees and the amount of money you’ll spend on the certification.

Meanwhile, earning US CMA requires a significant financial investment. Therefore, you should consider the exams fees in advance so you can budget properly. To do that, let’s analyze the fees you must pay to become a CMA.

5.1 US CMA Fees

Becoming a CMA is a potential pathway to a great new career or an opportunity to move up in your existing career.

People who work in the accounting profession and get their certification will automatically earn more than those who do not. While it does require a monetary and time investment, this investment definitely pays for itself. That said, most people still want to know what kind of fees they are looking at before they begin.

1. IMA Membership Fee

To register for the exam, you must have a membership with the IMA. Membership requires an annual fee and once you earn the CMA designation, you must continue to pay the IMA membership fee to keep your certification active.

The price of an IMA membership varies depending on your professional status. For example, if you’re already a working professional, choose Professional Membership. Full-time faculty members at accredited institutions would qualify for Academic Memberships, too.

However, individuals enrolled in 6 or more credit hours of classes at a college or university should choose to become Student Members.

Select the membership type which is most relevant to you. The membership you choose will determine the pricing. Thankfully, these costs are not all that high in comparison to other accounting membership fees.

Professional Membership option is the most expensive, while students get a reduced rate.

2. US CMA Entrance Fee

After paying your membership fee, you are required to pay an entrance fee. The IMA membership does not include entrance into the program, which is the route to becoming a CMA in the US. By paying the entrance fee, you’ll become eligible to pursue a US CMA certification.

Unlike the IMA membership fee, the entrance fee is a one-time cost. You will pay when you’re ready to become US CMA certified. The entrance fee depends on your membership type, though.

While the entrance fee is required, it also provides you with benefits beyond entrance into the US CMA program. In short, you’re not just paying a fee for the sake of paying a fee.

2.1 Entrance fee covers the following features and services:

A. A credential review for the educational qualification.

B. A credential review for the experience qualification, too.

C. Six months of access to the Exam Support package, which includes printable practice questions.

D. A final score reports.

E. Performance feedback reports for candidates who do not pass.

F. Personalized number certificate for office display, once you get US CMA certification.

G. Congratulatory notification to your employer or others.

3. Examination Fee

There are fees for taking the US CMA exam itself, as there are with other accounting exams and certifications. Fee is paid in order to sit for the exam.

Once you pay the exam fee, you’ll be able to register and reserve your spot. Also, you must pay the examination fee for each part of the exam you take.

The exam has 2 parts. So examination fee is paid at least twice. If you fail an exam part, you must pay this fee to take the exam again. Because of this people try to pass on the first attempt. The examination fee is the same for both exam parts. The fee also varies per membership type.

4. US CMA Fees Summary

Clearly, being a student or Academic member allows you to take the least expensive path to become a CMA. Besides, if you are a professional accountant, you are most likely making more money than a student. So, it’s easier for your salary to offset these costs. When you look at it this way, you can see that it is just another investment into the career path you choose. There are costs involved in every profession, but getting certified as a CMA will help you make more money now and in the future.

Note:

1. The student discount is for current students only (defined as those who have taken at least 6 credit hours of courses in the past semester). Graduated students do not qualify.

2. There is an extra one-time $15 application fee for first-time registration.

Source: IMA

Now, having an idea of the CMA US fees structure, lets embrace the changes in 2022

6. New US CMA Fee Schedule with effect from March 1 ’2022

According to the recent announcement by IMA, IMA membership dues and CMA program fees will increase as follows beginning March 1, 2022.

6.1 Program Fees ‚Äď Student

US CMA course Fees an Facts -2022-Academic students

6.2 Program Fees ‚Äď Professionals

US CMA course Fees an Facts -2022-Regular for professionals

7. Hidden CMA Exam Cost

Now that you know the basics, are there any other fees or exam costs you need to be aware of? In fact, there may be some ‚Äúhidden‚ÄĚ exam costs. This is definitely something you want to know about in advance so you can prepare as much as possible. After you pay the IMA‚Äôs CMA fees, you‚Äôll need to account for a few other expenses in order to pass the¬†CMA Review Courses

So, how to study? The IMA does not supply study materials to candidates who enter the CMA program. So, your exam preparation options include anything from free secondhand notes to coaching classes or self-study review courses. These courses offer some of the best products from nationally renowned instructors, the flexibility of studying at home, and generally lower prices. In the US, CMA course fees range from about $600 to $1, 800.

8. Gleim CMA Review

To start, Gleim CMA Review is probably the more popular of the two courses. After all, your Gleim course comes with some of the best video lectures, audio lectures, textbooks, thousands of practice questions and hundreds of sample essays, mock exams, and a personalized study planner. Plus, all of these learning tools are supported by SmartAdapt, Gleim’s proprietary adaptive learning platform. And Gleim also gives you support from exam mentors and content experts who are available to answer questions whenever you have a problem.

9. Career Opportunities after US CMA

This ‚ÄėA‚Äô level certification is well-recognized by leading financial and business organizations around the globe. You can explore a vast range of career opportunities after completing CMA USA and some of these are:

9.1 Average US CMA Salaries

Job Profiles Average Salaries
Senior Analyst ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ‚āĻ7,50,000
Finance Manager ¬†¬†¬†¬†¬†¬† ‚āĻ14,00,000
Budget Analyst ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ‚āĻ12,00,000
Treasurer ¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†‚āĻ8,90,000
Finance ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†‚āĻ19,00,000
Internal Auditor¬†¬†¬†¬†¬†¬†¬†¬† ‚āĻ3,00,000 ‚Äď ‚āĻ8,00,000
Financial Analyst ¬†¬†¬†¬†¬†¬†¬† ‚āĻ5,00,000
Cost Accountant ¬†¬†¬†¬†¬†¬†¬† ‚āĻ5,00,000 ‚Äď ‚āĻ6,00,000
Management Trainee ‚āĻ6,70,000

US CMA salary in India: Results from IMA’s salary survey-2021:- The latest Middle East/Africa/ India (MEAI) CMA Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that a median salary of a US CMA professional is above 76% higher than non-CMAs, a strong reason why a US CMA course is a career changing qualification. continue reading…

9.2 Job Profiles Top Companies after Certification

a. Deloitte

b. PwC

c. KPMG

d. EY

e. Accenture

f. Genpact

g. InterTrust

h. Knowcraft Analytics

i. Cognizant

j. Grant Thornton

k. MaxLife Insurance

l. JP Morgan Chase

m. MasterCard

n. Barclays

o. Morgan Stanley

p. HP

10. Conclusion

In conclusion, it can be stated that successful completion of a US CMA course can impart you the sophisticated credential of US CMA. The certification paves the way to grab a better job and elevates your earning potential.

US CMA holders enjoy extensive career variety vis-à-vis job security than their non certified counterparts. The course is now the choice of ambitious students and professionals of accounting and finance domain for heightened chance of standing apart from the conventional accounting crowd.

Choose the best US CMA institute in India, Africa, and Middle East ‚Äď 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 CMA US study center. 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.

Exclusive features of Uplift Professionals

Silver US CMA Course provider - Uplift Professionals - FY2022

A. Authorized partner of IMA US CMA course 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 the corporate world. This help the student to learn and simulate the real-life corporate working conditions which cannot 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‚ÄĚ at first attempt‚ÄĚ 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 provides effective interaction with the faculty which help personalized attention towards achieving the target of 80% ‚Äúpass at first attempt‚ÄĚ

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

H. ‚ÄúTill you pass‚ÄĚ 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.

Other features of Uplift Professionals

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

J. 120 hours of classes (Live Online Interactive Sessions) by veteran CMA faculties from Monday to Saturday from 9 pm to 10:30 pm

K. Recordings of live online classes available

L. In class mock session conducted by the faculty to make student aware of the US CMA exam pattern

M. Doubt clearing session before the exam window

N. Training on soft skills and interview techniques

O. Additional notes prepared by the faculty members on important topics

P. Administration Support towards IMA registration

Q. Job assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now

Choosing a Student Friendly Institute to Fulfil Your US CMA Dream-Uplift Pro Powered by Gleim
US CMA student- Uplift Pro-2021- Best US CMA course provider in India_Uma

US CMA or MBA? The career dilemma in Indian context – 2023 | Uplift Professionals

We often face the dilemma when it comes to select a career path particularly after obtaining a B.Com degree. Among the traditional options, one is the CA course and other is the MBA(Finance). Apart from these, the new addition is the US CMA(Certified Management Accountant) – a globally accepted professional course.

US CMA vs MBA - Indian context- 2021- By Uplift PRO- Best US CMA course trainer

For benefit of our students, here, we intend to compare the US CMA course with the MBA in Indian backdrop as follows:

Acceptance

The US CMA is a globally recognized professional certification conducted by IMA, an international body. On the other hand, MBA is an academic degree conferred by individual regional institutes where brand value of the respective institutes is reflected in the hiring process. Hence, in terms of acceptability, US CMA has much wider scope in the national as well as international job market in comparison to MBA from India.

Affordability

If we consider the cost of both the courses, one can easily see the huge gap in the expenditure. In general, a MBA costs about INR 8-50 lakhs depending on the enrollment to a general or premier business schools. To meet up this expenditure, students very often has to for an education loan.

In contrast, to complete the US CMA course certification, one has to spend a maximum of INR 1.5 lakhs only. Even some IMA approved service providers like Uplift Pro has flexible payment options to help the students who want to pursue US CMA course. Moreover, being a US CMA, one gets 5-10 times more exposure in the global job market as well as MNCs in India as compared to Indian MBAs.

Eligibility

Both MBA and US CMA require a bachelor’s degree at the entry level. However, a student pursuing B.Com can still pursue and sit for US CMA exam at the same time, while the same student is able to enroll for MBA only after completion of his/ her B.Com degree with 50% marks.
Hence, US CMA has more flexible and time saving  eligibility option than admission to MBA in India.

Entry

In India, pursuing MBA from a premier institute is not that easy. One has to obtain higher rank through CAT(Common Admission Test). This also need dedicated preparation, coaching help for the admission test and hefty tuition fees for the preparation. In comparison, US CMA doesn’t have any entrance test for enrollment. One can enter directly with required academic qualification and acquire required work experience to get the certificate. Thus, it saves both time and money.

Salary

In India,¬† the salary of a MBA directly depends on the brand/name of the institute from where the student passes out. Particularly from those B schools having regular campus interviews with the top companies. Thus, passing out from a less rated college won’t allow much value addition and the salary remain at much lower side like INR 3 lakhs per year on average depending on the company and location. On the other hand, being a global certification, US CMA has great advantage in all financial sectors required by the reputed MNCs for management positions. The range of salary of a US CMA varies from 4-80 lakhs per year for entry level and senior positions respectively.

Summary

To sum up, it can be stated that, US CMA has clear cut edge over MBA in India, particularly, after B.Com, due to following reasons:
a) Admission
b) Affordability/ economy
c) Duration
d) Salary & Job opportunities

Choose the best US CMA institute in India, Africa, and Middle East ‚Äď 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 CMA US study center.

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

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

C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties

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

E. ‚ÄúTill you pass‚ÄĚ guarantee assuring that you may attend our live online classes at no extra cost until you pass

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

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

US CMA course or MBA – Which course is better after B.com in year 2023? | Uplift Professionals

US CMA course or MBA, which of the two is better? Are you confused on choosing the right course? In this article, we help you to provide insights on US CMA course and MBA.

US CMA  course vs. MBAUS CMA course vs. MBA

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 field of management and accounting.

CMA stands for Certified Management Accountant and is offered by the Institute of Certified Management Accountants (IMA). Earning the US CMA can give you the career boost you are looking for .They also have an excellent absorption rate all over the world. Currently, CMA has presence in over 100 countries including the United States (US).

The major difference between US CMA qualification and a MBA degree is that the US CMA is a professional certification while the MBA is an academic degree. There are some key differences between these that you should know before choosing either path.

Career path of US CMA vs. MBA

US CMA is an international qualification and is one of the best course for students seeking jobs outside India. US CMAs can occupy positions such as Research Analyst, Cost Accountant, Financial analyst, Finance manager or Financial C-Suite roles. They often become experts in field of accounting and finance departments of an organization.

On the other hand, MBAs works in different business functions of an organisation including strategy, finance planning, and management consultant. MBA degree is well suited to a professional who looks to enter in to broader areas of business functions.

Eligibility for US CMA course vs. MBA

Both US CMA and MBA require a bachelor’s degree as basic eligibility. However, Students who are pursuing their bachelors are eligible to take the CMA exams. Another, key requirement of US CMA course is that students have to meet the CMA work experience requirements. These include

  1. Two years of professional experience in accounting or finance
  2. For fresher’s the experience requirement may be completed within 7 years of passing the examination.

Course details – US CMA course vs. MBA

Regarding US CMA course details , the course has just 2 parts which can be cleared in 7 to 9 months’ time. One key advantage is that you can complete the course without disturbing your current commitments. This is highly beneficial for working professionals who wishes to up skill and accelerate their career paths. 

It is seen that students who are finishing undergraduate degree take the CMA Exam and then complete the certification process once you have qualified the work experience criteria.

These days most of the US CMA course institutes provide live online classes which adds flexibility to this program.  Uplift Pro is one such premier institute in India offering live interactive online classes. They have a pass rate of 85% as compared to worldwide pass-percentage for CMA US is 45%.

In contrast, a full time MBA course has two years of duration. This may extend if you plan to complete the course through distance or part-time learning. Thus earning a US CMA certification has a competitive advantage on completing the course faster than a MBA degree.

US CMA course fee vs. MBA course fee

Course fee is an important criteria largely due to ever-rising tuition rates. In general, a MBA from a premium B-School, it costs INR 20 lakhs to INR 50 lakhs. Even a Tie2- 2 institution in India charges a minimum of 5 lakhs to 8 lakhs.

In case of US CMA course fee, one needs to spend a maximum of INR 1.5 lakh (inclusive all) to be a US CMA. But the interesting thing is that one gets 5 to 10 times more exposure in the international job market and MNCs within India being a US CMA compared to an MBA Finance. Thus US CMA course fees is affordable.

Salary after US CMA course vs. MBA

CMA US is in great demand in all sectors. CMAs are also being recruited by MNCs like Accenture, Amazon, Deloitte and so on for the managerial positions.

The below image depicts the US CMA Salary in India.

Salary after completing US CMA course
Salary after completing US CMA course

The salary structure of a MBA professional depends on the brand name of the business schools from where you attain your MBA degree. It is found that there is a high pay gap between students who complete degree from premier institute like IIM, ISB, and IIFT than compared to a tier 2 college. The truth lies in the fact that many top companies recruit students from only these top business schools.

Typically, an average Indian passing out from a tier 2 college gets an annual package staying from INR 3 lakh, which may vary depending on location and companies.

IMA’s 2021 Global salary survey on CMA

The latest Global Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that a median salary of a CMA professional is above 58% higher than non-CMAs and MBA. The study was based on a sample population of 3,085 respondents from 79 countries across the globe. 

In the study, It was found that the difference in total compensation between CMAs and non-CMAs (including MBA) worldwide is nearly US$29,000; a strong reason why a US CMA course is a career changing qualification.

Figure 1:  Median salary and Total compensation by region, CMA VS. NON-CMA

US CMA salary vs. Non- CMA salary
US CMA salary vs. Non- CMA salary

Summary

Based on the above parameters, we can clearly say that US CMA is better than the MBA for the B.COM graduates in the following manner:

  • Duration of course
  • Salary and Job opportunities
  • Flexibility of the course

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

Uplift Pro is one of the top training institutes for the US CMA, US CPA US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center.

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

Some of the exclusive features include.

A. Authorized partner of IMA US CMA course in India

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

C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. We have a pass rate of 80% in US CMA course exams

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

E. ‚ÄúTill you pass‚ÄĚ guarantee assuring that you may attend our live online classes at no extra cost until you pass

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

US CMA student of Uplift Pro
US CMA student of Uplift Pro

For more details please write us here: info@upliftprofessionals.in

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

Which is the best professional certification for a banking career- US CMA course, CPA US course or CFA? | Uplift Professionals

A valuable professional qualification can only help in maintaining an upward career growth.¬†¬†This is because you gain knowledge, have a better exposure and acquire upgraded skills ‚Äď the vital traits of a highly demanded professional.

In general, these courses are designed for specific and slightly different purposes and hence have little overlap. One needs to choose a course as per his/her interest and need.

US CMA course career in Banking sector - Uplift professionals

About US CMA course

US CMA is a globally-accepted credential in the field of strategic finance and management accounting. These skills are highly sought after in ALL industries, especially in the banking sector and investment banking firms. 

However, working in these financial decision making and strategic finance areas requires you to be equipped with high skill sets and possessing a gold-standard qualification like US CMA will provide you with adequate coverage and exposure. This qualification is considered at par with any other international professional finance qualifications like ACCA/CIMA/CA/ICWA, etc.

Needless to say that your experience in operations/retail liabilities coupled with the US CMA qualification will enhance your career opportunities and growth prospects to the maximum.

US CMA Course details ‚Äď US CMA Certification from IMA USA: Syllabus, Eligibility, Duration, Fees, Books and Coaching¬†:-¬†What is US CMA Course¬†?¬†To understand the detailed overview on the US CMA course and US CMA certification from IMA‚Ķcontinue reading

Opportunities for US CMA

Keeping in mind of the line of experience you are having, you will have scope to work on the following areas in the top management level with the US CMA qualification:

1. Investment banking.

2. Fund raising.

3. Mortgages/loans.

4. Treasury operations.

5. International finance.

6. Credit rating.

7. Mergers & acquisitions.

8. Risk analysis and management.

9. Internal control.

10. Corporate finance.

11. Project appraisals & investment decisions.

12. Asset management, etc.

The way forward – US CMA or CFA

However, having a reputed international finance qualification like US CMA will also require you to be committed and serious for the next 9 months.

If you think you are not moving ahead in your career for not having a qualified accountant status, US CMA is the one and only bet for you.

If you are happy with what you are, you may not try US CMA but if you are unhappy with your career position and financial status, you cannot afford to be away from Uplift .

Coming to the CFA course, it is one of the most recognized qualifications to build expertise in investment analysis & practices and portfolio management. Any professional desirous of a career in investment and portfolio management/asset management segments of BFSI sector should do CFA.

Conclusion

Pursuing CMA with CFA will certainly increase the scope of your career. The CMA is an advanced professional certification specifically designed to measure the critical accounting and financial management skills.

Choose the best US CMA institute in India, Africa, and Middle East ‚Äď 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 CMA US study center. 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

Uplift Pro- Authorized partner of IMA US CMA in India

A. Authorized partner of IMA US CMA course 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 ‚ÄĚ at first attempt‚ÄĚ 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% ‚Äúpass at first attempt‚ÄĚ

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

H. ‚ÄúTill you pass‚ÄĚ 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. 120 hours of CMA classes (Live Online Interactive Sessions) by veteran CMA faculties from Monday to Saturday from 9 pm to 10:30 pm

K. Recordings of CMA live online classes available

L. In class mock session conducted by the faculty to make student aware of the US CMA exam pattern

M. Doubt clearing session before the US CMA exam window

N. Training on soft skills and interview techniques

O. Additional notes prepared by the faculty members on important topics

P. Administration Support towards IMA registration

Q. Job assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now. 

US CMA student- Uplift Pro-2022- Best US CMA course provider in India_4