(Study material provided by Becker, Live Classes by Simandhar)
Certified Management Accountant (CMA) is the highest level of certification in management accounting awarded by the Institute of Management Accountants (IMA), USA. The US CMA Course is a globally recognized, advanced-level credential appropriate for accountants, financial professionals in the business.
Depending on the aspirant’s plan and study schedule, the US CMA certificate can be completed in a minimum of 6 months to 3 years. As per the guidelines of IMA, an aspirant must complete the exams within 3 years from the date of registration.
IMA conducts US CMA exams in three testing windows every year in India and all over the world. The testing windows are as below.
Simandhar Education provides a free eligibility check that you could use to check if you’re eligible to take the prestigious US CPA certification.
US CMA examination pattern consists of Multiple-Choice Questions (MCQs) as well as Essay type questions. Part 1 and Part 2 are four–hour tests containing about 100 MCQs and 2 essay questions. Aspirants will be granted 3 hours to finish the MCQs and 1 hour to complete the Essay type questions.
75% of the Examination consists of MCQs (Multiple Choice Questions) and 25% of the Examination consists of Essay Questions
US CMA exams are graded for 500 points, and an aspirant must score a minimum of 360 to qualify for the exams. Both parts follow the same pattern.
US CMA Course fee varies with the status of the aspirant, any aspirant not a pursuing student of any course is considered as a professional. Following are the different fees involved in this course.
Student | Professional | |
---|---|---|
IMA Membership Fee | $45 | $260 |
Entrance Fee | $210 | $280 |
Exam Fee (Part-1) | $345 | $460 |
Total (Part-1 & 2) | $945 | $1460 |
Point of Difference | US CMA | Indian CMA |
---|---|---|
Regulatory body | Institute of Management Accountants | Institute of Cost Accountants of India |
Course Duration | One Year | Three Years |
Eligibility | Class 12 / UG | Class 12 |
Pass Criteria | Minimum of 360 marks out of 500 | 40% for individual papers and 50% aggregate |
Course format | 2 parts | 3 levels (foundation, intermediate and final level) |
Articleship | Not applicable | 6 months |
Focuses on | Management Accounting | Accounting Cost Controlling |
Recognition | Globally recognised | Indian certification |
Point of Difference | US CMA | CMA - India | CIMA - UK |
---|---|---|---|
Levels of toughness | ACADEMIC FOCUS | Management Accountancy | Cost Accountancy |
BOARD | Institute for Management Accountants | Institute of Cost Accountants of India- ICAI (formerly ICWAI) | Chartered Institute of Management Accountants |
DURATION | 6 months | 3 years | 2-4 years |
PAPERS | 2 Papers | 20 Papers | 16 Papers |
Levels of Toughness | Single level | 3 | 5 |
COST TO PURSUE | INR 80 thousand | INR 1 lakh | INR 2.5-3 lakhs |
RECOGNITION | Globally | India | UK |
Professionals with over two years of experience are eligible for the US CMA certificate and title.
However, if an aspirant applies for the US CMA title during his student membership and clears the CMA part exams while in graduation, the aspirant would be granted enough time to gain 2 years of relevant experience and earn the US CMA certificate.
Many of our clients have taken this route to clear the US CMA exams, giving them an edge in the job market after graduation. There would be very few graduates with professional certification in Management accountancy.
Simandhar Education is the official partner of Becker Education International Ltd, a global leader in CPA & CMA exam review. Since its inception, Becker has helped lakhs of CPA & CMA aspirants achieve their goals. Taught by the world’s renowned CPA & CMA instructors, Becker’s CMA review is the perfect partner to help aspirants clear their exams
Simandhar Education’s in house CMA exam review, taught by India’s best CPA & CMA instructors like Sripal Jain (CA, CGMA, US CPA), Surinder Kaur (CPA), Srikanth Tadikonda (CMA, CPA), Dhanashree Kshirsagar (CA, CPA), Heena Vithlani (CA, CPA, IFRS with ACCA), Karan Nathvani (CA, MBA-IIM Indore, CISA, CCSK) Amit Kumar Gupta (ACA, ACS, CMA) Sudha Murthy (CA) and Suraj Lakhotia (CA, CIMA).
Simandhar CMA LMS coupled with Becker CMA review makes sure that you get all the nourishment required to tackle your CMA exams. The combination ensures that you leave no stone unturned. Along with the regular classes, Simandhar extends support to aspirants through revision classes that have been a hit among the Indian CMA fraternity for a long time.
Becker CMA review, along with Simandhar CMA, gives you everything required for a CMA aspirant to clear all four exams. Mock tests, revision tests, quizzes, counselling sessions, and personal mentoring by licensed CMAs. ensure that you do not miss out on the details of anything.
Applying for CPA is a task in itself. But don’t you worry, we have you covered. Our expert crew will guide you through each step of the process, making your life easier and letting you focus on studies and studies alone.
While Becker and Simandhar both offer the comfort of re-watching all the online classes at your leisure, Simandhar organizes live revision classes to make sure that you have everything served in a nutshell. We do this to ensure that you do not rush at the eleventh hour, which is often the case with CMA aspirants. They’ve been a hit among the Indian US CMA fraternity
Becker’s Artificial Intelligence Adapt2U learning system takes you through your strengths and weaknesses and helps devise the exam strategy in a better way.
While Simandhar provides the comfort of attending online classes, live classes allow us to interact with our clients and solve their problems ourselves. Our interactive classes are equally spaced and span anywhere between 1 and 3 hours, depending on the schedule. We make sure you’re not overburdened with the classes and syllabus.
Customer centricity is Simandhar’s core tenet; everything we do is delight you and make the CPA journey smoother. We take care of everything from scheduling classes as requested to supporting you through the nuts and bolts of paperwork required for CMA.
Simandhar Education provides the facility to access recorded videos for students who seek to revisit the material taught.
Supports its students by placing them in Top F & A companies, Big etc
Simandhar Education provides support to its students in handling the criticalities of Exam Registrations
Simandhar engages the CPA aspirants using unlimited mock exams, sample problems and MCQs with Becker training & experiential learning methodology.
CMA acronym stands for ‘Certified Management Accountant’. CMA is one of the highest management accounting credentials in the world administered by the IMA (Institute for Management Accountants). Spanned over just 2 exams, CMA’s curriculum uses some of the most advanced testing techniques to test management accounting aspirants all over the world if they’re worthy of the designation CPA. Lakhs of aspirants take US CMA exams every year to grow into Management Accountants, Finance analysts and many other roles
For Professional Members:
For Student/Academic Members:
Testing Window | Exam Dates |
---|---|
Jan-Feb | 1st January to 28th February |
May-Jun | 1st May to 30th June |
Sep-Oct | 1st September to 31st October |
US CMA and Indian CMA enjoy good content, however following are the difference between US CMA and CMA india and the global recognition makes US CMA more appealing than Indian CMA.
Duration :Duration of CMA USA is 6-8 months, however CMA india goes to above 3-4 years on an average
Course pattern :US CMA has only 2 parts, whereas CMA india has three levels and goes above 3-4 years
Recognition :US CMA is widely recognised, whereas Indian CMA is recognised in India, however Indian CMA has tied up with UK too but the scope is very limited
Work experience :US CMA has 1 year post qualification experience requirement, but CMA india require 6 months articleship
Simandhar Education is one of the leading Institute for US CMA in India and has been placing many US CMA candidates in India, The average salary of CMA USA In India is 5-6 lakhs per annum
Once you complete and exit the multiple-choice section of the exam, you cannot go back. The essay section consists of 8-10 written response or calculation questions based on two scenarios, describing a typical business situation. You must answer at least 50% of the multiple-choice questions correctly to be eligible to take the essay section.
The topics covered in CMA Part 1 are given below:
Part 2 of the US CMA certification mainly covers Strategic Financial Management
The following six topics covered in CMA Part 2:
US CMA certification is considered one of the best accounting certifications. In US CMA, you can learn all about business aspects, accounting concepts and corporate governance.
Career Opportunities:US CMA brings multiple career opportunities. You would be managing the accounts being a US CMA, so you can achieve a higher position in the management as well.
Global Opportunities:US CMA certification gives you a better understanding of finance, business and accounts. US CMA holders get job opportunities all over the world. They are recognized at a global level.
Financial Growth:US CMA certification holders earn 67% more than candidates having just a bachelor’s degree. Having a US CMA certification makes you eligible for good pay. The average annual salary of a US CMA in India would be around $10,687 in US, and 8 lakhs INR in India according to PayScale.
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