Pursuing US CMA with Academic Studies
The Institute of Management Accountants (IMA) in the United States offers the globally recognized professional certification in the field of management accounting, known as the Certified Management Accountant (CMA) program.It is a comprehensive certification that covers various aspects of management accounting, including financial planning, analysis, control, and decision support.
The US CMA with academic studies is a popular choice among aspiring accountants and finance professionals. This certification is a great way to enhance your knowledge and skills in management accounting and increase your job prospects. In this blog, we will discuss the benefits of pursuing a US CMA with academic studies and how to balance your academic studies and CMA exam preparation.
US CMA Job Prospects
The US CMA certification is highly valued by employers in the accounting and finance industry. According to the IMA’s 2020 Salary Survey, CMAs earn an average salary of $97,535 in the United States, which is significantly higher than the average salary of non-certified accountants. Moreover, CMAs are in high demand in various industries, including healthcare, technology, manufacturing, and financial services.
The US CMA certification is recognized globally, which means that you can work in any country that recognizes the certification. This provides a great opportunity for you to work in multinational companies and gain international exposure. The certification also opens up doors for career advancement and leadership positions in your organization.
US CMA and Academic Studies Balance
Balancing your academic studies and US CMA exam preparation can be challenging, but it is possible with proper planning and time management. The CMA exam is a rigorous and comprehensive exam that requires a significant amount of time and effort to prepare for. However, you can use your academic studies to your advantage and enhance your knowledge and skills in management accounting.
One way to balance your academic studies and CMA exam preparation is to create a study schedule that incorporates both. Allocate specific times for your academic studies and CMA exam preparation, and make sure to stick to the schedule. Use your academic studies to reinforce your understanding of the concepts covered in the CMA exam.
Another way to balance your academic studies and CMA exam preparation is to use study materials that complement your academic studies. There are many resources available, such as textbooks, online courses, and study guides, that can help you prepare for the CMA exam while also enhancing your knowledge in management accounting.
US CMA Exam
The US CMA Course exam is a two-part exam that covers various topics in management accounting, including financial planning, analysis, control, and decision support. The exam is computer-based and consists of multiple-choice questions and essays.
The first part of the exam includes coverage of planning, budgeting, and forecasting; performance management; cost management; and internal controls. On the other hand, the second part of the exam focuses on financial statement analysis; corporate finance; decision analysis; risk management; and investment decisions.
To pass the US CMA exam, you need to score at least 360 out of 500 on each part. The exam is scored on a scale of 0-500, and a score of 500 indicates a perfect score. The exam is offered in testing centers around the world, and you can take the exam at any time during the year.
US CMA Salary
The US CMA certification can significantly increase your earning potential in the accounting and finance industry. According to the IMA’s 2020 Salary Survey, CMAs earn an average salary of $97,535 in the United States, which is significantly higher than the average salary of non-certified accountants.Moreover, the US CMA certification can open up doors for career advancement and leadership positions in your organization. With the US CMA certification, you can demonstrate your expertise in management accounting.
Read CMA Careers blog for more details
Conclusion
In conclusion, pursuing US CMA program alongside academic studies can provide a significant advantage in the competitive job market. While it may require additional effort and dedication, the benefits of this certification cannot be overstated. By balancing academic studies with exam preparation, you can gain a deeper understanding of accounting principles and practices, and acquire the skills needed to succeed in your career. Additionally, US CMA certification can open up new career opportunities and increase your earning potential. So, if you’re considering pursuing US CMA certification, take the time to carefully plan and prepare for the journey ahead, and reap the rewards of this valuable credential.If you want to know more about CMA course details reach out to us at Zell Education, and we’d be happy to counsel you. You can also fill in the form on the right-hand side and someone from our team will contact you.
