After completing our 12th or graduation when we finally decide to choose CMA as our next career option, we’re met with a difficult choice. The choice is between choosing US CMA and CMA India. We often tend to wonder which one would be better for our career, and which course would bring us more opportunities, income, and future growth. While this decision may not be an easy one to make, you need to align your career goals with the learning scope. To make this decision even simpler for you, we’ve created a list for you with all the major differentiating factors.
Read on to find out more about the differences between US CMA vs CMA India. But before we step into the career-wise differences between the two courses, here are some of the basic differentiators that will help you understand whether US CMA is a good career option or not.
|Differentiating Factors||US CMA||CMA India|
|Duration||6 to 9 months||3 years|
|Course fees||INR 65,000-1,00,000||INR 53,000|
|Board||Institute of Management Accountants (IMA)||Institute of Cost Accountants of India (ICAI)|
|Average salary in India||INR 7 to 8 lpa||INR 7.1 lpa|
|Recognition||Global recognition||Recognised only in India|
Certified Management Accounting (US CMA) and Cost and Management Accounting Course (CMA) are both accounting courses but are still quite different from each other. While the Cost and Management Accounting course equips students with concepts that help maximise profits by managing income and expenses in an efficient manner. Certified Management Accounting, On the other hand, enables students to gain strategic financial management skills. Upon completion of this course, the students are able to guide their management team in a better way and handle all the financial decisions for the company they choose to work for.
US CMA vs CMA India Career Scope
The CMA course, be it the US-based course or the Indian one, opens up a range of opportunities for students and existing accounting professionals who want to advance their careers. The demand for qualified CMA exists not only in the private sector, but also in the government, banking and finance, education, and research sectors, developmental agencies, services, as well as the public utility sector.
Some Of The Job Profiles In US CMA And CMA India Include
|US CMA Job Profiles||CMA India Job Profiles|
|Financial Management||Financial/Business Analyst|
|Professors in Accounting and Finance||Auditing, Internal Control|
|Strategic Head||Chief Investment Officer|
|Recovery Consultant||Cost Advisor|
|Financial Risk Manager||Arbitrator|
As you go forward with these opportunities, you will experience immense career growth, social and professional reputation, and a high income. The freshers are employed by regulators as well as reputed companies with an average pay of INR 8.8 lakh rupees per annum. The top recruiters for both Certified Management Accounting (US CMA) and Cost and Management Accounting Course (CMA) include Accenture, ITC, Vedanta, Philips, Deloitte, KPMG, and GST Suvidha among others.
The average salary for both these professionals ranges from around 7 to 8 lpa. However, the salary could vary as per different factors such as location, experience, job profile and company size. The earnings for CMA professionals increase with experience and skill set development.
US CMA vs CMA India Average Salary
As mentioned above, there are various factors that affect the salary of US CMA and CMA India professionals. Factors such as job profile, company, and location are quite crucial parameters in determining the average salary of the professional. When it comes to location, US CMA has a wider scope as compared to CMA India as it is acceptable globally. However, since this course is offered by the US board, several US-based MNCs and other companies tend to hire these professionals. Here’s a glimpse into the salary packages achieved by both US CMA and CMA India professionals.
Average Salary of a US CMA Professional
Average Salary of a CMA India Professional
US CMA vs CMA India Job Opportunities
There are several companies ranging from different industries that require CMA professionals who can handle their finances efficiently and help them generate more profits. From healthcare to retail, from EdtTech to every sector today and especially after the pandemic, wants to plan their finances in a better way.
Job Opportunities for US CMA Professionals
Job Opportunities For CMA India Professionals
US CMA and CMA India are both prestigious accounting courses that bring forth a range of opportunities. However, if you are looking for global opportunities with a shorter course duration, US CMA would be the right choice for you. Zell Education offers this course through an experienced faculty and cutting edge course content.
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.
How does the CMA exam scheduling work?
The candidate needs to be an IMA member (different types of membership and pricings explained in the pricing tab), pay the exam application fee - which is valid for a period of 3 years within which the candidate needs to complete the exam (in case they fail to clear the exam, they would have to repay this fee and they get 3 more years) and then book the exam and pay the exam fee 4-5 weeks prior to the date they want to appear for the exam.
Can I do CMA if I'm in my first year?
Any non-graduate (as long as they have cleared 12th grade) can go for the US CMA course.
Where are the US CMA exams held?
The exams are held in 8 Prometric centres across India. The exams are closely proctored, with candidates not being allowed to carry any items not necessary for the exam to the centre. The exams are held in Mumbai, Ahmedabad, Bangalore, Calcutta, Chennai, Hyderabad, New Delhi & Trivandrum.