US CMA, which stands for Certified Management Accountant, is a course offered by the Institute of Management Accountants (IMA) in the US. This course allows you to get qualified to work in the field of management accounting in countries like the US, Canada, Australia and New Zealand.
In this course, you will learn the management aspects of accounting and finance such that you will be able to make strategic financial decisions for your company or client.
US CMA Eligibility Criteria
- You can start studying for CMA after completing your class 12.
- To be certified as a CMA, you will need a Bachelor’s degree, completion of the CMA papers and 2 years of work experience.
US CMA Exam Fees in India
Wondering how much it will cost you to pursue US CMA? Here are the nitty-gritty details –
The total amount payable to the IMA body depends on whether you are a student or a professional. It would cost you a lot more to pursue US CMA as a professional than it would as a full-time student. The entire amount payable to the IMA body can be broken down as follows:
|IMA Membership Fee||USD 39 (INR 3029*)||USD 245 (INR 19032*)|
|Entrance Fee||USD 210 (INR 16313*)||USD 280 (INR 21751*)|
|Exam Fee||USD 345 per part (INR 26800*)||USD 460 per part (INR 35734*)|
*Note: These amounts are subject to the conversion rate.
US CMA Course Fees
If you sign up with a coaching class for US CMA, in addition to these fees, you will also have to pay your coaching fees.
At Zell Education, the total fees for US CMA are INR 85,000.
So the total cost of pursuing US CMA in India will be around INR 1 to 1.3 lakhs.
US CMA Course Structure
Scope of US CMA
The US CMA course is great for those who have an inclination toward learning about business strategies when it comes to accounting and finance. After completing US CMA, you will be able to work with a lot of customer-focused brands and companies that need management accounting professionals.
There are many benefits to pursuing the US CMA course including international exposure, growth opportunities and development of entrepreneurial skills. You will have a chance to work with companies like Amazon, Accenture, Coca-cola and even Apple.
After completing this course, the starting salary that you can expect will be around INR 5-7 lpa. Even if you are already in the field of accounting and finance and you would like to pursue international opportunities in your career, pursuing US CMA might be a good fit for you.
CMA India vs CMA US
People often mistakes the US CMA course with the Indian Cost and Management Accounting (CMA) course when they do their research. Both of these courses are quite different in a lot of ways. In the recent past, students tend to prefer the option of the CMA course offered by IMA as compared to the one offered by the ICWAI.
The Indian CMA course is offered by The Institute of Cost Accountants of India (ICAI) and has a course duration of 3-4 years, which is quite long compared to US CMA. So, if you are interested in pursuing a career as a Management Accountant in India and across the world, the US CMA course might be a better option to choose.
|Differentiators||US CMA||CMA India|
|Governing body||IMA (Institute of Management Accountants), US||The Institute of Cost Accountants of India (formerly ICWAI), India|
|Course Structure||– EXAM PART 1 – Financial Planning, Performance, and Analytics
– EXAM PART 2 – Strategic Financial Management
|Level 1 – CMA Foundation
Level 2 – CMA Intermediate
Level 3 – CMA Final
There are a total of 20 papers
|Course Duration||6-9 months||3-4 years|
|Exam Windows||Jan-Feb May-June Sept-Oct||June and December|
|Starting Salary||INR 5-7 lpa||INR 4-6 lpa|
If you are planning to take the US CMA course, post your graduation, we hope that these details on US CMA fees will help you understand the overall costs in a better way. Certified Management Accountant (CMA) is a credential awarded by the Institute for Management Accountants, USA. This global certification is open to all students who have completed their 10+2 or the high school equivalent. If you are interested in pursuing a career in accounting, check out our Certified Management Accountant (CMA) course.
Can I Do Us CMA from India?
Yes, you can pursue US CMA from India. These exams are conducted at the designated Prometric Test Center which is also available in India.
What are the job prospects after US CMA?
After completing US CMA, you will be able to work in job profiles like Cost Accountant, Risk Management, Wealth Creation and Asset Management.
What are the eligibility criteria for US CMA?
Students can start studying for CMA after the 12th grade pass out. To be certified as a CMA, you will need a Bachelor's degree, completion of the CMA papers and 2 years of work experience.