US CMA Salary in India

What is the Salary of a US CMA in India?

Certified Management Accountant (CMA) is a respected position in the finance and accounting field. Candidates with certification in US CMA are acknowledged and recognized globally and have a decent salary package. 

In India, the initial Certified Management Accountant Salary starts at Rs. 5 lacs per annum. With the US CMA certification, the salary package goes up to Rs. 9 lacs per annum or even higher. This variation in the salary package of the candidates depends upon several factors. 

• Candidate’s Experience:

The candidate’s experience is the most important factor determining a US CMA’s salary in India. The candidate may start with a minimum package but it increases to a decent one with increasing experience. 

• Industry:

Another element that matters is the industry in which you are joining. For example, while the education industry offers average packages, petrochemical companies offer the highest packages. 

• Company Profile:

The company profile is yet another factor that determines the salary of a US Certified Management Accountant. Companies with bigger sizes and reputations will offer better salary packages. Quite obviously, candidates will fetch better salary packages in multinational companies. 

The Certified Management Accountant course (US CMA) is offered by the Institute of Management Accountants (IMA) in the US. It is an internationally recognised course that allows you to work in countries such as the US, Canada, Australia and New Zealand. 

Usually, Management Accountants are hired by customer-focused companies such as Apple, Amazon, Google, Coca-Cola and Dell. With enough skill and experience, you may even get promoted to be the CFO of a company. 

If you are planning to become a US CMA, here are the expenses you can expect –

Benefits of US CMA in India

The CMA course in India covers topics like cost accounting, strategic management, and financial management methods only applicable in India. Hence, a candidate with the Certified Management Accountant certification may not have much potential outside India. 

However, candidates with the US CMA certification are globally recognized because of its diversified syllabus. The US CMA course includes topics of financial planning, decision-making, control, and analysis. 

US CMA certificate holders have a good opportunity in the global finance market. Also, the US CMA salary expectations and opportunity are comparatively higher than the usual CMA certificate holders. 

US CMA Exam Fees

Wondering how much it will cost you to pursue US CMA? Here are the nitty-gritty details –

There is a certain amount that you need to pay to the IMA body to register for the US CMA exam. The  exam fees for US CMA will be different depending on whether the candidate is a full-time student or a professional.

A complete breakdown of the US CMA exam fees is as follows:

*Note: Subject to the conversion rate. 

US CMA Course Fees

In addition to these exam fees, you may also need to sign up for a US CMA coaching class. The course fees for US CMA will differ depending on where you sign up. At Zell Education, the total fees for US CMA are INR 85,000. So your overall expenses for the US CMA course will be anywhere between INR 1 to 1.3 lakhs.

Now that we have covered your overall expenses, let’s take a look at how much you will earn after you complete the course. 

US CMA Salary in India

In India, the expected salary for US CMAs can vary based on a variety of factors. Some of them are as follows

Salaries based on job profile in India

One of the main factors that will affect your earning potential is the job profile you work for. After completing US CMA, the salary you can earn depending on your job profile can be as follows

CMA Salary Packages Based on Experience in India

Another important factor that affects your salary is how much experience you have. Experience enhances your skillset and makes you ideal candidate for several firms. 

Source

CMA Salary packages offered in India based on industry

Based on the industry you work in, your salary expectation as a US CMA professional can be elaborated as follows. 

Company-wise Differentiation of CMA Salaries in India 

Your salary package may differ based on what company you work for. If the company you work for is highly reputed, you can expect a higher salary. 

Source

Also Read : US CMA vs CMA India: Which is Better Career Option ?

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. 

Once you fulfil the eligibility criteria for US CMA, you can work in the field of management accounting in countries like the US, Canada, Mexico, Australia and New Zealand. You can also pursue additional courses after US CMA if you would like to specialise in a specific area of accounting and finance such as US CPA or CFA. 

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.

US CMA Certification in India

The US CMA Certification course applies to candidates who have completed their Bachelor’s degree in any stream from a recognized university. It is a short-term course of 6 to 9 months that focuses on bridging the gap between business management and financial accounting. 

The CMA module is divided into two parts. Part 1 has these subjects:

• External Financial Reporting Decisions
• Planning, Budgeting and Forecasting
• Performance Management
• Cost Management
• Internal Controls
• Technology and Analytics

Part 2 focuses on these topics:

• Financial Statement Analysis
• Corporate Finance
• Decision Analysis
• Risk Management
• Investment Decisions
• Professional Ethics

Aspiring candidates can choose their training schedule and class mode to prepare for the exams and get US CMA Certification in India. 

Conclusion

Candidates with US CMA certificates are globally recognized and have bright careers in the finance field. These candidates enjoy a decent US Course Salary in India and other parts of the world. Zell Education is one of the reputed institutes offering quality training and support to candidates aspiring to pursue US CMA in India.  

FAQ

Is US CMA different from Indian CMA?
Yes, the Indian CMA course allows you to work as a cost accountant in India, whereas the US CMA course allows you to work in the field of management accounting in the US and North America.

How many papers are there in US CMA?
In US CMA there are two papers that you need to clear, Part 1 is Financial Planning, Performance, and Analytics, and Part 2 is Strategic Financial Management.

What is the work experience requirement for US CMA?
To get the CMA certification, you need to get at least 2 years of continuous work experience.

How much does US CMA earn in India?
An average US CMA candidate earns between Rs. 6 lacs per annum to Rs. 12 lac per annum. The initial salary package starts at Rs. 5 lacs per annum and can go as high as Rs. 20 lacs per annum or even higher. Moreover, the salary package of a US CMA depends upon the candidate’s skills, experience, company profile, and the industry the person is joining.

What is the CMA salary per month?
A CMA salary expectation and opportunity is to earn Rs. 50,000 per month initially. This amount increases to Rs. 1,00,000 per month and even more depending upon the candidate’s experience and the industry of work.

Can CMA USA get a job in India?
Yes, many global companies including Accenture, Wipro, and Amazon have established their operations in India and prefer to hire candidates with globally recognized certifications like CMA USA. Candidates who are certified in the US CMA course have a bright career in the accounting and finance field and have a starting salary package of Rs. 5 lacs per annum in India that grows with time and experience.

Does the Big 4 hire CMA?
The Big 4, which are PwC, EY, Deloitte, and KPMG value globally recognized certification courses like US CMA, ACCA, CFA, and CPA. The US CMA certification course trains the candidates in diverse specific skills of the accounting field with a professional attitude.

Satyamedh Nandedkar, a seasoned finance professional, holds ACCA, CA, US CMA & CS credentials. With 10+ years of experience, he’s a master ACCA tutor, IFRS trainer, adept in global financial standards, and a trusted advisor in navigating complex financial landscapes.