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 –

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:

Fees breakdown Students Professionals 
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: 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

Job Profiles Salaries
Accountant INR 8 to 13 lpa
Management Accounting Analyst INR 9 to 13 lpa
Financial Consultant INR 6 to 10 lpa
Reporting Analyst INR 5 to 8 lpa
Financial Advisor INR 10 to 20 lpa
  • 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

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  • 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. 

Industry Average Annual Salary
FMCG Companies INR 5.7 lpa – INR 7.2 lpa
Education / Training Companies INR 6.3 lpa – INR 8.1 lpa
Analytics / KPO / Research Companies INR 6.6 lpa
Engineering & Construction INR 8.5 lpa
PetroChemicals Companies INR 16.0 lpa – INR 20.0 lpa
  • 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.

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.

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