Why US CMA is One of the Top Management Accounting Courses
An accounting professional’s certificate of choice is US Certified Management Accountant (US CMA). This internationally recognised professional degree conferred by the Institute of Management Accountants (IMA), a US-based organisation, certifies one’s proficiency in crucial financial planning and management topics.
The US CMA certification is a global benchmark for Management Accountants. Candidates must pass two exams to obtain the US CMA certification.
If you are confused about how to build a career in finance, read our blog on “How To Make A Career In Finance? Top Career Options, Salary”
Qualifications Required for US CMA
Students can begin CMA preparation after finishing their last year of high school. However, you must have a bachelor’s degree, pass both parts of the CMA exam, and have two years of work experience to get certified as a CMA.
Many industry insiders favour this course since it has a condensed syllabus covering business management and finance. It is a comprehensive approach that provides academic knowledge and practical case study training. You join an exclusive group of experts in the field of finance and accounting when you get the CMA Certification.
Skills Required for US CMA
The following skills are mandatory for an aspiring US CMA professional:
- Analysing finances
- Analysing problems with cost accounting
- Verbal and written communication
- Abilities in mentoring and management
- Flexibility plus attention to detail
Test Format
The US CMA exam has a straightforward structure. A student may pass both exams in 6 to 9 months with just a few hours each day of study time.
The test has two parts, A and B, each covering a specific set of topics.
Part A- Financial Planning, Performance, and Analytics
Part B- Strategic Financial Management
Read our Guide to Become A CMA in 2024 to learn more about the entire process of CMA Certification.
After US CMA, You Can Consider These Job Profiles
A US CMA-certified professional is eligible for the following job roles:
- Business Analyst: A Business Analyst must gather historical and current company data to develop business plans. Every organisation needs a Business Analyst since they enhance the decision-making process.
You can build a career as a Business Analyst after earning your US CMA, especially if you have management expertise.
- In-house Auditor: Internal auditing is a crucial procedure that aids in assessing an organisation’s internal controls and business procedures. An Internal Auditor is a qualified individual tasked with evaluating the business and financial operations of the organisation. You can enrol in the Certified Internal Auditor programme along with the US CMA.
- Budget Analyst: To maintain track of the accounting data, you will be expected to manage the company’s expenses and purchases as a Budget Analyst. You may work as a Budget Analyst anywhere in the world with a US CMA certification.
- Account Analyst: Account analysis involves overseeing client accounts, from reviewing financial data to processing transactions. Account Analysts typically assist companies in managing their client accounts. To stay current with the latest trends, an Account Analyst must regularly undertake industry research and keep up with market developments.
To learn more about job roles, check out Scope Of US CMA Course In India 2024: Roles and Salary.
Perks of a US CMA Qualification
The following are some significant benefits of pursuing US CMA:
Opportunities for Professional Advancement
CMA candidates have better entry-level roles and opportunities for promotion than college graduates without additional credentials. Your CMA certification indicates your commitment to managing the accounts and performing more than just accounting. Moving up into management is simple with a US CMA certification.
Improved Salary
Being a US CMA allows you higher pay than other applicants, which is another perk. This is because US CMA-certified professionals advance more quickly into management after gaining experience. Even when they switch positions, they get higher raises because they are in high demand in the job market.
Global Opportunities
One of the obvious advantages of the US CMA is that this certification is recognised globally. Even if you are a fresh graduate with a great career at home, you must receive a CMA USA certification to work overseas.
More Authority and Worth
A CMA certification equips you to better understand business, money, and accounting, giving you more influence and value as an employee. Your opinions will be valued, and you’ll swiftly rise to the position of a valuable management team member. Candidates with a CMA certification have higher chances of becoming a CFO afterwards.
Business Lure
The fundamental advantage of the CMA is that it seamlessly blends business and accounting. Therefore, candidates who have obtained the CMA certificate can make decisions on behalf of the company or participate in group decisions. They are assigned critical roles within a company because they are business savvy.
Finance proficiency
A CMA’s responsibilities are more specialised than those of a typical Accountant. Your professional abilities will grow if you routinely manage risk, make critical investment decisions, and analyse and plan your budget. One of the advantages of the CMA certification is that it helps you progress professionally by enabling you to take on more managerial-level duties.
Conclusion
There is ample scope for personal and professional progress, which is one of the main benefits of working in management accounting. Even if you begin working for a reputable organisation at a starting position following the US CMA, your abilities and talents will likely lead to regular evaluations and promotions.
Are you considering acquiring your US CMA certification? Check out Zell Education’s best accounting certifications. Zell ensures your success by providing you with a faculty that is US CMA-qualified, 100% placement aid, 1:1 mentoring support, and customised study schedules. All students who have finished their 10+2 or the high school equivalent are eligible for this global certification. Check out our Certified Management Accountant (CMA) course if you want to build a rewarding career in accounting management. To know more about Zell Education, read What Makes Zell Education The New Age Learning Platform.
FAQs
1. Why is the US CMA important?
The CMA certification opens the doors for global opportunities. The course improves applicants’ knowledge of accounting, finance, and business, for employment opportunities on a worldwide scale.
2. Which is better, CMA US or CIMA?
The US CMA focuses on financial accounting and strategic management, and CIMA is an accounting qualification in business and finance. While CIMA is a desired credential to work in the UK or Europe, CMA is more widely recognised in the US.
3. In which country CMA course is best?
There is now a substantial need for Certified Management Accountants (CMA) in the US, and there are several prospects for professional advancement. You can check out the online CMA course at Zell Education to earn the reputed credential.
