Understanding the Education Criteria for CMA USA Certification in India

Introduction

US Certified Management Accountant, or US CMA, is one of the most renowned management accounting certifications preferred by top international organizations. The US CMA certification is administered and conferred by the Institute of Management Accountants (IMA) to students who satisfy the specific requirements and pass the CMA certification exam. Professionals with a CMA USA Certification in India are qualified to work in finance, accounting, management, and various other fields.
The CMA USA course is the choice for individuals who wish to begin a career as a financial executive and combine business and financial planning for the expansion of the organization. Professionals who get a CMA USA Certification in India from the USA may boost their global exposure and enhance their professional reputation.
This blog will provide more information about US CMA eligibility and other related aspects.

Requirements for the CMA USA Exam: Education & Experience

Earning your CMA USA Certification in India requires fulfilling two crucial requirements in addition to passing the CMA USA exam. All the conditions must be met to enroll in the CMA course and give the exam.
  1. Qualifications for Taking the Exam
After completing grade 12, a candidate is qualified to study for and take the examinations. Passing both the parts, Part 1 - Financial Planning and Analysis and Part 2 - Financial Decision Making, within three years, is required to obtain the CMA USA Certification in India.
  1. Qualifications for Becoming a US CMA Professional
To earn a CMA USA Certification in India, a candidate must successfully finish their degree in any subject. The US CMA can also be pursued by a student who is in their last year of a bachelor's program, but to obtain the said certification, they will first need to complete the graduation.
  1. Two Years of Professional Experience to Become a US CMA
A minimum of two years of management accounting or financial management work experience is required. It is also possible to fulfill the experience requirement by working 20 hours each week. After passing the US CMA exam, candidates have seven years to complete the experience criteria and get validated.
There are several ways to gain accounting or financial management experience. The following list of categories includes job experience you may use to demonstrate your qualifications:
  • Financial Planning and Analysis
  • Auditing
  • Costing Analysis
  • Budget Preparation and Reporting
  • Forecasting
  • Company Investment Decision Making
  • Management Accounting and Auditing in Government, Finance
To be eligible for the US CMA (Certified Management Accountant) Exam, you must meet certain requirements. These include having a grade of C or better in class 12 or its equivalent, passing both Part 1 and Part 2 of the exam, being a graduate from any degree program, and having a minimum of two years of professional experience in the relevant domains. Once you fulfill these prerequisites, you can become a certified member of the US CMA community.
Now that you are aware of all the requirements for US CMA eligibility, you may be thinking about signing up for the exam. You can learn everything you need to know about enrolling with Prometric from the following information.

US CMA Registration Process

You need to join the Institute of Management Accountants (IMA) by completing your registration and paying the associated costs. The registration process may vary based on your level of membership, which includes professional membership, academic membership, or student membership. Regardless of your membership level, you must complete the registration form and pay the required fee. After becoming an IMA member, you can proceed to pay the admission fee for your exam registration. Only after fulfilling these requirements can you schedule your exam at the Prometric Centers.
You will get the information required to determine your US CMA exam final schedule once registration and payment of fees have been completed. Your authorization number and other information for scheduling the CMA USA exam with a Prometric test facility will be emailed to you. Finding an exam center is necessary if you intend to take the CMA USA exam. Numerous exam facilities operated by CMA USA Prometric are located all over the world. By visiting the Prometric website, you may choose the state in which you wish to take the exam. Next, choose a day and date to take the exam after finding an exam center in a convenient area.
Let's take a look at the US CMA exam structure, as it will help students get better prepared for the exam.

US CMA Exam Structure

Candidates must pass the CMA USA exam, which assesses their accounting, financial planning, and business skills, to become US CMAs in India. The test is divided into two sections, and in order to get certified as a CMA USA, candidates must pass both of these parts.
Part 1 of the CMA USA certification exam encompasses Financial Planning, Performance, and Analytics, while Part 2 delves into Strategic Planning and Financial Management. Candidates have the flexibility to choose the order in which they take the CMA test sections. However, it's important to note that only those who successfully pass Part 1 can progress to the next stage of the certification process.
The CMA USA Course examination registration procedure is only valid for one testing window; as a result, CMA applicants who wish to retake the exam must register once again. January/February, May/June, and September/October are the beginning dates for the CMA testing window. Aapplicants can reserve the time slot of their choice and schedule their exams appropriately. The CMA certification exam is computer-based and consists of two 30-minute essays and 100 multiple-choice questions.

Scope After CMA USA Certification in India

Due to its application when working for significant financial firms, the CMA USA Course has an advantage. The CMA might be considered an area of expertise for professionals and students who desire to in-depth evaluate critical accounting and financial management skills. CMA graduates might find employment both in India and abroad. Large multinational corporations (MNCs) having operations in India, such as, Amazon, Apple, Deloitte, IBM, Accenture, require management personnel who can make decisions and have excellent financial abilities. Professionals with this certification have the skill to make managerial decisions and support decision-making.
You could anticipate filling the following roles after completing the B.Com. Program with CMA USA.
  • Financial Planner 
  • Financial Analyst
  • Financial Controller
  • Financial Risk Manager
  • Cost Accountant
  • Chief Financial Officer
  • Relationship Manager

US CMA Salary in India

The development of MNCs, such as, IBM, Microsoft Accenture, and Apple in India and the flood of offshore companies have increased the need for US CMAs. CMA USA professionals make more money than their peers at all levels of management, especially in senior management positions where they might make up to 58 percent more overall. The average annual salary of a finance manager is INR 10 lakh (ref.).
In India, a recent graduate with no prior experience may expect to earn between INR 4 lakh and INR 5 lakh per year. You might earn up to INR 7 lakh per year as a fresher, provided you have a particular skill set or body of knowledge in addition to a solid academic background (ref.) As you develop skills and experience, your compensation will also advance along with your position.

FAQs

Q1. What education is required for US CMA in India?
Ans. The CMA USA Certification in India is accessible to anyone who has obtained a Bachelor's degree in any field from an accredited college or university or is currently pursuing such a degree.
Q2. Is graduation necessary for CMA USA in India?
Ans. After successfully passing their 12th-grade tests, any student can commence pursuing the CMA USA Course. However, they must complete their graduation alongside the CMA certification. To qualify for a position, candidates must meet the following criteria: passing the CMA exam, completing a Bachelor's degree program or an equivalent program at an approved university, and acquiring at least two years of continuous relevant experience.
Q3. Can I do CMA USA without work experience?
Ans. Two consecutive years of full-time job experience in management accounting and/or financial management are a requirement for CMA USA Certification in India candidates. This condition may alternatively be met with four years of continuous part-time employment.
Q4. How many attempts are allowed in the US CMA?
Ans. According to the Institute of Management Accountants (IMA), the organization that oversees the CMA exam, candidates are permitted to repeat their exams as many times as they like. However, candidates can only retake the exam once within their three-year qualifying term, and they must wait at least 30 days before doing so.
Q5. How to pass CMA USA on the first attempt?
Ans. The most important step in passing the exam is to pick an accredited institution, create an effective study plan, and obtain quality study materials. 
Q6. Which is the best Institute for the CMA USA Course?
Ans. Learners may enlist in NorthStar Academy (NSA) for the CMA USA Course in order to take advantage of their excellent courses, get assistance at every opportunity, and quickly obtain this international degree.

Conclusion

Whether you work in the financial, accounting, or business sectors, CMA USA Certification in India may help you strengthen your reputation, which may lead to more professional prospects, high income, and a fulfilling career for accounting students. You may take the CMA USA certification course, pass its exam, and become a Certified Management Accountant with the correct amount of preparation and determination. Register yourself at NorthStar Academy (NSA), providing the best coaching for CMA USA certification in India, and begin your path to success under the guidance of world-class mentors with years of experience like M. Irfat.
We at NorthStar Academy provide students and working professionals from various educational backgrounds with an all-inclusive CMA USA Certification course. Contact our counselors @ +91 8147470707 to clear all your doubts.