The Power of CMA: How Non-Accounting Graduates Can Excel in the Field of Management Accounting

Introduction

A professional certification course usually provides candidates the leverage to begin or kick start their careers in the desired fields, irrespective of their educational background. It comes out as a great advantage to students who wish to pursue a career in accounting, especially for those from a non-accounting background. To pursue professional certification in accounting, you should be aware of your choices. One of the most rewarding careers is in pursuing management accounting.
Now you must be wondering which one to pursue. Of all the management accounting certifications available, the CMA USA is the most popular and coveted professional certification. It helps you gain essential accounting and financial management credentials, which will help you work in the finance & accounting domain. 
In this blog, we have covered everything you need to know about the CMA course in India and why it is highly rewarding, even for non-accounting graduates. 
Why Should You Choose CMA USA?
US CMA is one of the top management accounting certifications whose curriculum has been designed keeping in mind the requirements of the companies where accountants need to handle important accounting jobs while being an expert in various other domains, including management. So you might wonder how this will help you as a non-accounting graduate. To help you get the answer, here are the benefits the US CMA course offers.
  • The CMA certification exam is a standardized exam, and the certification itself is globally recognized and accepted. It allows them to get work opportunities in almost any country, be it the USA, UK, Australia, Singapore, or any other country.
  • Due to its worldwide recognition, the CMA demand in India is also very high. Students from different backgrounds pursue this certification to advance their professional careers in accounting.
  • In an IMA survey, it has been found that US CMAs get paid higher than their counterparts in the non-accounting field.
CMA USA: Overview
The USA CMA full form is Certified Management Accountant. As you have already understood, the CMA USA course is a gold standard certification among management accounting certifications. The Institute of Management Accountants (IMA) offers this certification to those who successfully clear the CMA USA certification exam. In the US CMA course, you will be trained in financial and management accounting concepts, which will help you become a holistic accountant adept at various domains like accounting, taxation, auditing, forensic auditing, etc.
Here are the US CMA course details to get an in-depth idea about its certification course. 
US CMA Course Details
The US CMA course makes candidates eligible for some of India's most respected management accounting jobs. You must apply for and pass the CMA USA certification exam to be eligible for such jobs and posts. Now you must be interested to know about the US CMA certification exam. Read ahead to know what the CMA course is and how you can prepare for it to build a successful career in management accounting.
The US CMA certification exam is divided into Part-I & Part II. The Part-I exam is "Financial Planning, Performance, and Analytics," and the Part II exam is "Strategic Financial Management." The US CMA course consists of both these parts, which are required for the exam. Candidates must pass both parts of the exams successfully to become a CMA professional.
CMA Course Syllabus
The most important step toward a successful US CMA certification exam before you can apply for CMA jobs in India is knowing the syllabus properly. The syllabus of the CMA course is as follows:
Part 1: Financial Planning, Performance, and Analytics
  • External Financial Reporting Decisions (15%)
  • Planning, Budgeting, and Forecasting (20%)
  • Performance Management (20%)
  • Cost Management (15%)
  • Internal Controls (15%)
  • Technology and Analytics (15%)
Part 2: Strategic Financial Management
  • Financial Statement Analysis (20%)
  • Corporate Finance (20%)
  • Decision Analysis (25%)
  • Risk Management (10%)
  • Investment Decisions (10%)
  • Professional Ethics (15%)
The non-accounting graduates can easily study and gain knowledge with the correct coaching institute. The top CMA USA coaching institute, like NorthStar Academy, teaches them from basics to advanced levels to clear the certification exam in one go. They can readily excel in management accounting with the help of world-class mentors and well-organized review material. Let us know more about the US CMA examination for better understanding.
US CMA Exam Pattern
The CMA certification exam is a computer-based examination consisting of a mix of multiple-choice questions and descriptive questions. Both Part-I and Part-II exams contain 100 MCQs and 2 Essay (descriptive) type questions. Both parts of the exam are held for 4 hours, and the descriptive questions are given 60 minutes in each part. 
The US CMA certification exam is held in the following months every year:
  • January, 
  • February, 
  • May/June, 
  • September/ October. 
Candidates can attend the CMA USA certification exam at their convenience in any of the months.
The exam pattern of the USA CMA exam has been summarized below.
Exam NameType of questionsTotal time durationMaximum MarksPassing Marks Required
Part-IMCQ and Essay4 hours500360
Part-IIMCQ and Essay4 hours500360
Things to Remember
  • Candidates can appear in either part of the exam first, although it is important to note that candidates must pass whichever exam they attend first.
  • Candidates need to secure a minimum of 75% marks (360 out of 500) in both parts of the exam to successfully pass the CMA certification online exam.
  • Regardless of the order in which the exam is taken, candidates need to get 75% in the first exam before they can take the next exam. They can reappear if they fail to do so.
  • If a candidate fails to clear any of the parts of the CMA certification exam, they need to re-register for the exam.
US CMA Certification Requirements
To pursue the CMA course, candidates need to fulfill certain eligibility prerequisites as specified by the IMA. The eligibility requirements for taking admission to the CMA USA course are as follows:
  • Candidates must have a bachelor's degree from a recognized University/institution in any discipline.
  • Candidates must possess at least two years of professional experience in the financial and accounting domain.
  • Candidates must also have an active membership with IMA.
  • Candidates should also follow the Statement of Ethical Professional Practice.
Candidates willing to apply for the CMA certification online must fulfill these eligibility requirements before starting the US CMA course. 
US CMA Course Fees in India
Before enrolling in the US CMA certification course, knowing the CMA course fees in India is very important. The IMA charges different amounts for students and working candidates. The CMA course fee in India is nearly INR 1.3 lakhs and includes charges like registration fees, exam fees, etc. 
Apart from this, if you're interested in coaching for US CMA from a reputed CMA prep institute, the course fees may differ. You can check the CMA course fees by contacting us @ +91 8147470707 and talking to our counselors.
US CMA Course Duration
The CMA course is a short and easy one, according to experts. It doesn't take long to complete the course if you have a proper action plan. The CMA course can be completed well within two years. With help from a coaching CMA institute, it is possible to complete the CMA course and pass the exam within 6-9 months. 
CMA Jobs in India
The Certified Management Accountant certification is a highly valued and in-demand certification in India and abroad. The accounting skills of the CMA course are practical and help the candidates to develop industry-relevant and readily applicable skills, which makes them the perfect accounting candidate for hire. CMAs are eligible to work in many different industries due to their expertise, including manufacturing, insurance and real estate, education services, utility, and communication services, among many others. 
The CMA USA certification opens up many exciting doors in the financial management and business accounting fields. Due to the vast coverage of skills and areas of expertise in the curriculum, CMAs are trained in many different domains, which helps them handle the work of an accountant as well as extend their expertise in management. Some of the prominent job roles offered to CMAs include:
  • Chief Financial Officer (CFO)
  • Finance Manager
  • Financial Analyst
  • Financial Risk Manager
  • Financial Controller
  • Cost Accountant or Manager
  • Relationship Manager
  • Finance Director
  • Credit Controller
  • Chief Accountant
  • Management Accountant
US CMA Salary in India
Due to the high demand for quality US CMAs in the world, the potential salary of candidates is also very high. CMA USA salary in India ranges between ?2.3 lakhs and ?7.5 lakhs. According to Payscale, the average annual salary of CMA USA in India is 813K.

FAQs

1. Who is eligible for a CMA course in India?

Anyone with a bachelor's degree is eligible for the CMA course in India. There is also a requirement of having two years of work experience, which can be acquired even after passing the CMA USA certification online exam. Candidates opting for the CMA USA course must also have an active IMA membership.

2. Can I become CMA without graduation?

It is necessary to have at least completed graduation for US CMA. CMA accepts every degree, be it related to commerce or not.

3. Is it necessary to do BCom for CMA?

Anyone with a bachelor's degree can enroll in CMA USA. There is no prerequisite for having a degree in commerce background for studying CMA USA course.

4. Which group of CMA is easy to clear?

According to candidates who have taken the CMA certification exam, Part-2 consisting of Strategic Financial Management, is easier to pass first. However, you can take any part of the exam first according to your preference.

5. How can I complete a CMA Course in India?

To pursue a US CMA course in India, you can study on your own or take up a coaching guide at a reputed CMA institute, like NorthStar Academy, where you can study under proper guidance. At the coaching for CMA Institute, you can avail great benefits, which include study material, video classes and pre-recorded video explanations, 24/7 access, guidance from expert mentors, etc.

Conclusion

Now that you know all the details about the CMA USA certification course, you may as well be interested in pursuing it. If you're confused about how to begin or where to start, you can seek guidance from coaching in a CMA Institute, where you will get proper guidance from industry experts. NorthStar Academy provides coaching for CMA USA, where you can benefit from the guidance of widely revered M. Irfat sir, who has helped more than 15000 students clear the CMA USA exam successfully. 
At NSA, you can avail excellent study material and guides made by a collaborative effort with Gleim. This study material is a great source of reference for CMA USA students. You can also get pre-recorded videos which you can access from anywhere. Additionally, you get the benefit of Bundle discounts, which reduce the study cost by a sufficient margin. 
So don't wait up; check out the top CMA USA course of NSA and get started on your journey to becoming a successful management accountant!
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