How to Become a CMA in India and USA. CMA is a professional course. After doing this you get a chance to work at a higher level in accounts and finance. Such as Financial Analyst, Finance Manager, Internal Auditor, Director -Finance CEO and CFO Senior Accounts Manager etc. In this, you can work in banking, manufacturing company, service company in private and government institutions. And you can also audit GST.
If it is cost management accounts, then you can also do costing of any service or product. So in this way you can either do a job or even open your own consultant office. In the last few years, if some policies are looked at by the government, then the demand for CMA is high and its plus point is that competition in this field is also very low.
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How to Become a CMA in India and USA
Certified Management Accountant [CMA – US] is a boon to all those who are pursuing CA ,CMA ,CS in India. Here I am discussing how this course is an advantage to the aspirants of CA ,CS ,CMA .
Certified Management Accountant (US) is a professional who works for different types of business organizations to maintain a well versed financial and managerial policies that contributes to the growth of business. Many people in India know about CPA of US which is like CA in India. But some of them are unaware of CMA (US). CMA offers an extraordinary career growing opportunities in abroad especially for those who are planning to work in US with good values, earnings.They can command high amount of salaries like 50 lakhs and above.
Steps involved in becoming a CMA:
1. Complete your graduation in accounting or finance or economics:
Make sure your program includes an emphasison business studies, such business law, management, marketing and taxation. Many people who are interested in working in the business finance world pursue a double major in business and finance,or they get a minor in business administration. EX: B.com ,Bba ,Bbm ,Ba etc., this is not exhaustive list of examples.
Most of the CA students are pursuing their graduation in distance education or through open university.This is also eligible for applying for CMA. That’s why I said that this is an advantage to CA, CS students.
2. Apply for internship:
Like articleship in CA ,the CMA also has a rule in its curriculum that the applicant should have work experience. Accounting or finance internships give you real world experience and help you to network, a skill necessary when seeking any business position.
The greatest advantage to CA students is ” Articleship is considered as equivalent to internship that’s required to be completed in CMA”.
3. Approach IMA through a registered institute :
Next you have to register with IMA for getting permission to attend the examination conducted by IMA of US.
Logic institute of management studies is providing students all the guidance and classes to cover syllabus globally. You can contact the indian branch of Logic institute of management studies and go forward.
4. Apply for Membership:
After qualifying the examinations conducted by IMA you are required to apply for the membership to continue your career in this profession.
5. Apply for a full-time job as a financial manager or a management accounting:
After obtaining the membership you can apply for different kinds of jobs in the industrial and service sector.You can easily get a job in US without waiting for a long.Before applying for job you need to prove that you have worked in the fields of accounting ,finance ,management at least for 2 years.
“You can complete this 2-year work experience after you take the exam as well. Once you are a CMA candidate, you have 7 years to submit proof of your financial management experience.”.
If you have any queries regarding this course then feel free to ask me at venkatraopamidi4@gmail.com.
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If you have any query regarding “How to Become a CMA in India and USA” then please post your query via below comment box…
Hello Sir,
Myself Manish. I completed CMA USA course in 2016. I did not get even a single job offer. Recently I got offer from a company which giving me 2.5 lakhs package. I got a better paying packing with my bcom. I have put my money in dustbin by joining this course. Please frinds, don;t join CMA USA course. Waste course and low packages. The highest package my friends got was 3 lakhs which is very low.
Yours Truly,
Manish R
I am a US CMA earning more than 5 LPA and I am just a fresher(2017 grad). YOU SHOULD NEVER DO CMA OR CPA WITHOUT AN INSTITUTE THAT OFFERS PLACEMENT ASSISTANCE. Organizations in India do not look at foreign certifications and the ones which need are tough to break into unless you have a strong network. Hence, the wiser option is to go for a coaching center which gives you a good placement.
…Continuation for the above”I am a US CMA earning…” comment…I am not really interested in taking out the names of coaching centers as people may think that I am advertising for something.
Now what are you doing
I have dony my M.com now planning to do CMA (US)
am i eligible? to do this course or firstly i need to complete icwai (india) can i take the admission to CMA US certification
Please can u suggest best institute to do CMA in pune city
Whether for Cma course internship required?
SIR COMPLETING CMA INTER WE CAN PURSUE CMA FINAL AND JOB IN ABROAD
sir if we completed cma inter we can do job and cma final in abroad.
No. You need to complete CMA India Final and then apply for USA CMA certification. The good news is that you don’t have to take any exams of the US course and you’ll directly get the certificate. And I don’t think you’ll get any opportunities abroad with CMA except for the case of countries in the middle east like UAE.