Imagine this: You are a highly regarded financial expert, the architect responsible for crafting and maintaining a company’s financial framework. Your day is filled with overseeing compliance, internal control and risk assessment, leading your company to financial success.
Sounds exciting? Then a career as a US CMA could be the right fit for you! In this blog, we dive into six reasons why you should enrol in a US Certified Management Accountant course if you are interested in following a career path in finance.
Top 7 reasons to do a US CMA course
The CMA course offers the following benefits for a young professional passionate about pursuing a finance career:
Comprehensive curriculum
US CMA courses have certain benefits over CMA courses offered by Indian institutes. While Indian institutes also offer CMA courses, they focus more on cost accounting. This makes US CMA certifications more internationally valuable as they not only include cost accounting but also management accounting. This helps the course graduates build a strong accounting foundation while enhancing their decision-making capabilities.
Opportunity to learn in-demand skills
By enrolling in a US Certified Management Accountant course, you can learn highly sought-after finance skills. These include:
- Planning, forecasting and budgeting
- Performance and cost management
- Compliance, governance and security
- Financial statement and profitability analysis
- Financial management
- Decision analysis
- Risk Management
- Business ethics
Globally recognised certification
One of the major perks of the US Certified Management Accountant course is that it is recognised in over 150 countries worldwide. This includes countries like the USA, UK, Canada, Australia and UAE, among others. This means you can realise your dream of working abroad after getting CMA certified.
Higher salaries and earning potential
The IMA 2023 Glocal Salary Survey reports that respondents with CMA certifications reported 19% higher average salaries than their non-CMA counterparts. While the starting salary for a CMA is about INR 4.0 LPA, experienced Certified Management Accountants can expect to earn up to INR 8.6 LPA in India.
Limitless career prospects
US Certified Management Accountant course graduates can apply for high-paying jobs globally. Prominent CMA employers include:
- The Big 4: Deloitte, PwC, KPMG and EY
- Accenture
- Barclays
- Cognizant
- Grant Thornton
- Genpact
- Infosys
- JP Morgan
- Morgan Stanley
- Wipro
These companies hire US CMAs for business strategy, financial accounting, financial planning, project management, financial modelling and risk management roles.
Extensive networking opportunities
A US CMA course doesn’t only expand your prospects within India – it opens doors for you to network with skilled finance professionals and experts from across the globe. With an expansive fraternity of over 1,40,000 candidates all over the world, a CMA certification is one of the best ways for finance and accounting professionals to grow in their careers.
Ease of career advancement
US CMA courses have several advantages over Indian CMA courses because of the ease with which you can complete the certification. Indian CMA courses have 3 levels where you have to appear for 20 papers whereas US CMA courses have a single level with only two papers.
Besides, you gain 2 years of accounting and finance work experience. This means you can attempt the US CMA exam directly in 6 months instead of waiting for a fixed duration of 3 years as in the case of Indian CMA courses.
Who can pursue a US CMA course?
US CMA courses transform finance enthusiasts into capable decision-makers and strategists.
- It is one of the best courses to pursue for finance graduates and undergraduates to level up their finance careers.
- The US CMA course helps MCom/MBA graduates and CAs who want to further their careers.
- The US Certified Management Accountant course can be useful for Indian CMAs facing stagnation in professional opportunities and wanting to explore their prospects abroad.
The course equips candidates with must-have skills to perform complete financial assessments and use analytics and management techniques to ensure compliance and security.
Then you must have a background in finance to enrol in US CMA courses, right? Not at all! Any interested candidate looking to explore a career in management, finance or accounting can opt for the US CMA course irrespective of their educational background or professional qualifications.
Summing up
A Certified Management Accountant course is perfect for Indian CMAs looking to expand their horizons with global opportunities. Becoming a Certified Management Accountant comes with several perks, including a high salary, a global finance network and job opportunities in over 150+ countries.
So what are you waiting for? Enrol in a US CMA course and take the next step towards the career of your dreams today!
FAQs
- Is CMA worth pursuing?
Of course! CMA courses offer rewarding career opportunities for finance enthusiasts in India and abroad. With a high salary scope, better credibility and a chance to network with global finance experts, CMA is worth pursuing for finance graduates and enthusiasts.
- Can I self-study CMA USA?
Yes! You can prepare for US CMA on your own using up-to-date CMA study materials from self-paced courses and setting a study schedule. However, enrolling in a US CMA course online or offline will give you the extra advantage of professional guidance and study materials, keeping you ahead of your peers.
- Is the US CMA very difficult?
While the curriculum is challenging, it is possible to pass the US CMA with consistent dedication and discipline. The US Certified Management Accountant course has a mean pass rate of around 45%.