CMA Accounting Course
The Institute of Management Accountants (IMA) offers the highly sought-after global Certified Management Accountant (CMA) certification. The CMA accounting course has a solid reputation, as CMA-certified individuals are some of the best in financial planning, decision-making, business ethics, and financial analysis.
As an accountant, the CMA certification can take your career to new heights as employers in the finance sector often seek this prestigious qualification.
What is a CMA course?
The Institute of Management Accountants (IMA) offers the globally recognised Certified Management Accountant (CMA) credential. The program tests candidates’ fundamental accounting and financial management skills through two exams and professional standards.
What does a CMA do?
CMAs are strategists who use analytics to help businesses succeed. They work for government agencies, not-for-profits, corporations, and other companies.
In most cases, CMAs hold leadership roles in their sectors and hold the titles of cost accountant, financial analyst, corporate controller, financial planner, or even CFO.
Some of the primary support CMAs offer include:
- Decision-making
- Risk management
- Performance management
- Financial analysis
- Cost management
Career prospects after CMA
There are various jobs a CMA can hold. After completing your CMA accounting course, you can work in any of the sectors below:
Private businesses
Private businesses often look for CMAs, as accounting is one of the few areas they outsource. Since these businesses don’t have an internal accountant or a CFO to oversee finances, they employ CMAs to do the task. Private business accounting is popular among CMAs as the pay is lucrative and the job engaging.
Government agencies
Once you complete your CMA accounting course, you can work at government agencies in manufacturing, financial services, FMCG, or IT. These sectors always hire CMAs in key financial posts like internal auditing, budgeting, and cost management.
Public companies
Some certified CMAs exclusively want to work for publicly held companies after completing their CMA accounting course. If stocks, markets, investments, or exchanges interest you, working at a public company can pave your career path. Public companies frequently employ CMAs as they work with teams of accountants who deal with their finances and disclosure.
Why choose a CMA course?
There are various advantages to becoming a CMA. The certification holds life-changing career prospects that will set you up for a successful career in the finance sector. Some of the perks of being a CMA are:
- Job opportunities: Businesses are always looking for CMAs who are perfect for executive-level accounting roles, such as CFOs or corporate controllers. As a CMA, you can look forward to plentiful job opportunities in the finance industry.
- High demand: The CMA certification is a highly sought-after qualification that showcases your extensive accounting knowledge. After earning your certification through your CMA accounting course, you can rapidly move up the ranks at your workplace.
- Job security: CMAs are in high demand and have elite jobs. CMAs are vital in all kinds of businesses, and you can have a promising career with plenty of growth opportunities–even when changing jobs.
Conclusion
The CMA certification showcases your exceptional knowledge in accounting and financial planning. It is available for both freshers and working professionals. Earning a CMA certification as a fresher can help you land your dream job, or if you’re a working professional, it will add weight to your resume.
If the CMA certification interests you, enrol in a CMA accounting course today to kickstart your career.
FAQs
- What does a CMA do?
CMAs are specialists in management accounting, business decision-making, and strategic management. You can earn a CMA certification if you hold a bachelor’s degree, have two years of work experience in the field, and pass the CMA exam.
- Is CMA better than CA?
The answer depends on your qualifications and interests. As a CA candidate, you will have a better understanding of the subject, whereas as a CMA candidate, you will have a better understanding of business strategies.
- How hard is the CMA exam?
The CMA accounting course is challenging. You must prepare extensively, as the test will push you to your limits. You need a solid grasp of financial management and advanced accounting to clear the exam.
- Can I get a CMA without a degree?
While you can take the CMA test without a degree, the IMA cannot certify you since you’ll fail to meet the minimum CMA accounting course (must hold a bachelor’s degree). You have seven years after getting the CMA certification to obtain your bachelor’s degree.
