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Why become a CMA?

  • International Credibility with the highest qualification in management accountancy in the US which enjoys international recognition as members of IMA.
  • Strong Knowledge Base of management accounting and financial management.
  • Global opportunities in the accounting and financial world certainly with increase in pay packets and prospects.
  • International perspective coupled with increased confidence & competence.

CMA Course USPs

  • Academic Advantage - Single level of exam with just 2 exam papers, computerized exams with multiple-choice questions / essays, simpler exam preparation & exam pass rates exceeding 40%.
  • Short Course duration - Miles CPA Review recommends a course duration of 6 months from the start date of the course; however, students may prefer to take more preparation time in view of their other academic & professional commitments.
  • Out-of-pocket expenses - Expenses of upto INR 100K is certainly a non-significant amount for an internationally acclaimed designation.

MoU between ICWAI (India) and IMA (US)

The Institute of Cost Accountants of India (formerly ICWAI) has a Memorandum of Understanding (MoU) with the IMA. The MoU enables mutual recognition of the professional qualification of the respective Institutes - i.e., a member of ICWAI can get enrolled as a member of IMA and vice versa.

Career Opportunities in India

Careers in accounting & finance with the CMA qualification will certainly prove to be extremely rewarding in terms of increased credibility, opportunities and pay. With increasing globalization, FDIs, outsourcing, off-shoring, US financial service MNCs in India and Indian companies listed in the US, CMAs with an international perspective are in very high demand.

Career opportunities for CMAs include but are not limited to:

  • Multi-national companies
  • Financial services or consulting firms
  • US-based firms & organizations

Opportunities for CMAs are boundless as they often expand their careers beyond the traditional management accounting realm to provide related services for many different types of organizations.

CMAs are required in all areas of the business world:

  • Management & Cost Accounting
  • Financial Accounting
  • Financial Risk Management
  • Management Consulting & Performance Management
  • Financial Planning
  • Financial Analysis
  • Corporate Finance (M&A, IPO, Share & Debt Issues)
  • Venture Capital
  • Internal Auditing
  • Information Technology (especially as applied to accounting)
  • Corporate Governance

Pathway to CPA or a global MBA

CMAs may decide to pursue the CPA designation to add to their knowledge and credibility for financial accounting & reporting, auditing & attestation and taxation.

CMA even opens doors to a global MBA. For Indian students intending to pursue their MBA (especially in finance) from the US, the CMA designation is certainly a very big plus.

The CMA designation is very widely recognized and respected by all US universities. And a CMA from India would significantly add both value and diversity to their batch.

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