What is Management Accounting?
Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy.
What is a Certified Management Accountant – CMA USA?
For nearly 50 years, the CMA® (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. Why? Because CMAs can explain the “why” behind numbers, not just the “what.” And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table.
US CMA is a certification provided by Institute of Management Accountant – IMA USA.
What is Institute of Management Accountant – IMA USA?
IMA® (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in business. Founded in 1919, we are one of the largest and most respected associations focused exclusively on advancing the management accounting profession. We are committed to empowering our 125,000+ members—and those throughout the rest of the profession—to strengthen on-the-job skills, better manage companies, and accelerate careers. We invite our members to discover the myriad possibilities within the profession and build an actionable future in management accounting.
The CMA makes all the difference
What is CMA to you?
IMA in India – Neelam Biradar – Become a valuable voice with the CMA
IMA Global Reach
150 countries, and more than 300 professional and student chapters.
Average Salary for US CMA Candidates
For many years, IMA has conducted the very popular salary survey of its members around
the world, enabling them to compare their compensation to others, assess the value of
education and certification, and more. This report presents high-level results from this
survey and compares compensation levels and job satisfaction across the globe. This is
the sixth year IMA conducted a single global salary survey, making global trends easier
to track and enhancing regional comparison. Individual region-specific and country
reports, including ones for the United States and China, will be posted on IMA’s Thought
Leadership website at www.imanet.org/salary_survey.
- Globally, the median total compensation is 63% higher for CMAs over non-CMAs. *
- CMAs of all ages earn more than non-CMAs. Those aged 20-29 receive a median salary 33-34% greater than their non-CMA peers.*
- 77% of survey respondents agree that the CMA strengthens their job security in the Digital Age and 82% believe it strengthens their ability to move across all areas of the business.
*IMA’s 2020 Global Salary Survey
What are the different certification options in Finance and Accounting?
|Heads||US CMA||US CPA||Indian CMA||Indian CA||ACCA UK||CIMA UK|
|Course Duration||6-9 Months||7-12 Months||Min. 3 Years||Min. 3 Years||2 – 5 Years||4 Years|
|Regulatory Body||IMA USA||AICPA USA||ICMAI||ICAI||ACCA||CIMA|
|Eligibility||Graduation in any discipline||Generally B.Com + M.Com||High School||High School||High School||Graduation|
|Course Format||2 Papers||4 Papers||20 Papers||16 – 20 Papers||14 Papers||12 Papers|
|Recognition||Global||Global||Indian||Indian||UK & Ireland||UK & Ireland|
|Articleship||Not Required||Not Required||Required||Required||Required||Required|
Professionals go for multiple certifications in their career, however, starting with US CMA gives the best Return on Investment.
Certified Management Accountant – US CMA takes the least time to prepare and gives a faster route to high paying jobs in the field of Finance and Accounting.
How to become a US CMA?
You may choose to prepare for the exam first with our preparation course from CMA Exam Academy.
Once you are fully prepared with the learning materials and the trainer, you may then choose to register with IMA as a Member and for the Exam.
|Membership Fee||245||135||Paid to IMA Directly and can be paid after your preparation.|
|CMA Entrance Fee||250||188|
|Exam Fee Part 1||415||311|
|Exam Fee Part 2||415||311|
|CMA Coaching Fee Both Parts (Discounted)||1394||1394||Paid to CMA Exam Academy|
Institute of Management Accountant brings scholarships from time to time and if you are a registered student with Training Hub 360 or CMA Exam Academy, you will be updated to benefit from the cost.
Initial Investment: USD 1394
You may receive up to 50% scholarship on one or all heads of IMA fees. And the offer is in sole rights to IMA with IMA Terms and Conditions.
About CMA Exam Academy
Link to register for Online US CMA Training Program by CMA Exam Academy.