The US CMA course or certification is offered by IMA® (Institute of Management Accountants) of USA, which is the worldwide association of accountants and financial professionals in business. It was founded in 1919, having 90,000+ members and global reach of 140 countries through 300 professional and student chapters. Globalfti has partnered with Wiley to offer students and professionals the best in class official IMA® study material along with extensive classroom training for the CMA course in India.
CMA COURSE ADVANTAGES
Academic advantage of a single level qualification having just two exams which are computer based
Lower cost of less than Rs.1.5 Lakhs compared to other international qualifications.
International qualification with high global average pass rates of 40%
Short duration course that can be completed within 1 – 1.5 years
CAREER OPPORTUNITIES FOR CMA
The CMA certification is well recognized by all the MNCs, Big 4 audit firms, US Banks, Consulting firms and other BFSI companies having offices in India. This certification from IMA® (Institute of Management Accountants) is considered to be on par with the Indian CMA by most employers. CMA certified professionals are observed to get a career and earnings premium. In the US, median total compensation is 28% higher for CMAs over non certified peers. Globally, it’s 50% higher.
The CMA qualification opens new doors for professionals globally, some of the roles that a CMA qualified professional can get are:
• Staff Accountant • Budget Analyst • Finance Manager • Treasurer
• Cost Accountant • Financial Analyst • Controller • Chief Financial Officer
• Internal Auditor • Senior Accountant • Vice President, Finance • Chief Executive Officer
CMA EXAM DETAILS
The CMA Certification comprises of a single level of examination which is divided into two parts. Candidates can attempt any part in any order as per their convenience. Topics covered in each part is as explained in table below:
PART-1: Financial Reporting, Planning,
Performance, and Control
|PART-2: Financial Decision Making
|15% External Financial Reporting Decisions
||25% Financial Statement Analysis
|30% Planning, Budgeting, and Forecasting
||20% Corporate Finance
|20% Performance Management
||20% Decision Analysis
|20% Cost Management
||10% Risk Management
|15% Internal Controls
||15% Investment Decisions
||10% Professional Ethics
- Each exam part is four hours in length
- 100 multiple choice questions, followed by two 30-minute essay scenarios
- Exam administered at Prometric testing facilities across India
- Three exam testing windows offered each year
» January and February
» May and June
» September and October
STEPS TO BECOME A CMA
In order to obtain the CMA certificate, candidates need to fulfill the following criteria:
Examination – Clear Part 1 & Part 2 of the CMA exams.
Education – Bachelor’s degree.
Note: The education requirement may be completed prior to or within 7 years of passing the CMA examination. This implies that students who are pursuing their bachelor’s are eligible to take the CMA exams.
Experience – Two years of professional experience in accounting or finance.
Note: The experience requirement may be completed prior to or within 7 years of passing the examination.
TRAINING FOR THE US CMA EXAMS
Now that you know what the US CMA course is all about, the career opportunities it provides and the steps to get your CMA qualification, you must be wondering how should I prepare for the CMA exams. Don’t worry, this is where Globalfti comes into picture. We have over 10 years of experience training students & professionals for international financial qualifications like CMA, ACCA, CIMA, CA, IFRS etc. Classroom training by our experienced faculty is supplemented with “official” IMA study material from Wiley. On registering with us for the GFTI CMA Course Package, you will be getting :
GFTI CMA Course Package Includes
- 170+ Hours of intensive class room training from experienced professionals spread over 10 weekends covering both parts
- Expert guidance on clearing CMA exams
- Registration with IMA & Examinations (2 Parts)
- Best in Class study material from Wiley Publishers which includes e-Books, Online test banks and much more :
» E-books format of Official IMA Learning System textbook, featuring 100% of the ICMA Learning Outcome Statements
» Online material comprising of 38+ hours video instruction, 1,000+ exam questions, 15 essays, 800+ digital flashcards and more
» Efficient Learning System with bite-sized lessons, exam planner, discussions, unlimited practice exams and more
» Instructor Mentoring with online support from subject matter experts
» Online Test Bank with an additional 2,600+ exam questions and 10 essays
» Free online content & course ware updates during the validity period of the course ware access
- Complete guidance and support is provided for all CMA exams and certification related formalities
- Placement assistance for successful candidates
US CMA COURSE FEES
GFTI US CMA Course Package Fees for Students: Rs. 1,12,200 /- [incl. of taxes]
GFTI US CMA Course Package Fees for Professionals: Rs. 1,36,000 /- [incl. of taxes]
Only Classroom Training (Both Parts ): Rs.45,900/- [incl. of taxes]
Register Today by filling Contact Me form or Request for a Call Back from our counselors.
You may get in touch with us on +91 9880 224433 | Next batch begins June 2018
Lear more about IMA and the CMA Certification on their official webpage