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Earning an international qualification and global exposure is perfect for your career growth. One such degree is the CMA USA. If you also wish to achieve this specialized degree in accounting in the USA, you have come to the right place.
This blog gives you essential details regarding the syllabus, eligibility, course fee, and more, so continue reading to get informed from experts.
CMA USA expands to Certified Management Accountants in the United States of America.
Name of the Certification |
CMA Exam |
Exam Sessions |
Course Duration |
Pass Rate |
Success Rate |
Certified Management Accountant |
Part 1: Financial Planning, Performance, and Analytics, Part 2: Strategic Financial Management |
January to February: January 1st to February 28th, May to June: May 1st to June 30th, September to October: September 1st to October 31st |
12 to 18 months to complete part 1 and 2, averaged up to 3 years |
50% internationally |
4000 CMAs granted per year, 70,000 CMAs certified to date |
Quick Read: Study in the USA
To pursue a CMA degree in the USA, you need an undergraduate degree in any field. You can even take the CMA exam while still pursuing your qualification. You also require a minimum of 2 years of experience in accounting or finance and your bachelor's degree, so check that before applying. However, if you are a fresher, you can finish your experience requirement within seven years of passing the exam.
Quick Read: CA Course Details after 12th
It will take 12 to 18 months to complete part 1 and part 2 of CMA USA. So on average, it would be up to 3 years.
The course fee for the CMA USA is different for professional and student members. So before paying any fees, you should make sure that you know the correct amount.
Here is a list for your reference.
Do you wish to take the CMA USA exam but do not have enough funds to pay the fee? In that case, no worries. Since the IMA provides scholarships to potential applicants, the CMA is considered one of the top courses for the management accounts sector. Many students from around the world enrol in it. You should know that approx. Nine thousand two hundred students have earned it, and more than 1000 institutions have registered for this qualification. The total scholarship amount awarded till now is approximately more than 14 million USD.
The CMA exams give you excellent growth and development benefits. If you are also a professional in finance or accounts and wish to apply for CMA USA,
Please follow this step-by-step guide to apply successfully.
STEP 1: Please make sure you adhere to the CMA exam eligibility criteria. Remember to adhere to education and experience criteria other than passing the CMA exams.
STEP 2: Next, you need to choose the relevant exam materials and prepare.
STEP 3: Register with the IMA, and become its member. Remember that you can become a member as a student or as a professional. Note that it is not compulsory to join the IMA until you are prepared to register for the exams.
STEP 4: Now, it is time to pay the CMA entry and exam registration fees. We recommend you pay it 6 to 8 weeks before you are ready to sit for your first exam. You have three years to pass both parts from the time you pay it, so you can give yourself more time to complete the exams if you wait. However, if you wait too long, you might not be able to schedule your exam date and time, especially if you are writing it towards the end of an exam window.
STEP 5: You will receive an authorization number from the IMA. You need it to schedule your exam date and time with Prometric.
STEP 6: Next, go ahead and schedule your exam date and time with Prometric. For this task, you need your authorization number. Also, note a 50 USD fee will be chargeable if you wish to reschedule it later. However, you cannot change the exam window.
STEP 7: Finally, Review the instructions. You need to know what to expect on exam day, what you should bring to the exam hall, and what you are not allowed to carry.
The best part about CMA USA is that your A-level certification is recognized internationally by well-known financial and business companies, which means that you get numerous career opportunities.
Here is an idea of what is in store for you after completing CMA USA.
Job Profile |
Salary in USD & INR (Approx.) |
Senior Analyst |
750000 (9891.86) |
Finance Manager |
1400000 (18464.81) |
Budget Analyst |
1200000 (15826.98) |
Treasurer |
890000 (11738.34) |
Finance Controller |
1900000 (25059.39) |
Internal Auditor |
300000 to 800000 (3956.74 to 10551.32) |
Financial Analyst |
500000 (6594.57) |
Cost Accountant |
500000 to 600000 (6594.57 to 7913.49) |
Management Trainee |
670000 (8836.73) |
Details |
CMA USA |
CMA India |
Competent body |
Institute of Management Accountants |
Institute of Cost Accountants of India. |
Duration |
1 year |
3 years |
Prerequisites |
Graduate + work experience |
10 + 2 pass |
Exam structure |
2 parts (1 level) |
3 levels – 20 papers |
Articleship |
N/A |
6 months |
Details |
CMA USA |
CMA Australia |
Competent body |
The Institute of Management Accountants |
The Institute of Certified Management Accountants (Australia) |
Duration |
1 year |
1 year |
Prerequisites |
Graduate + work experience |
Stages 1, 2, & 3 (ICMA Graduate Program), 3 stages (professional accounting certification), Advanced Diploma in Accounting (TAFE), or graduate (other than accounting) |
Exam structure |
2 parts (1 level) |
N/A |
Articleship |
N/A |
N/A |
The salary of a CMA in the USA can range from USD 78,146 to USD 1,38,889 per year.
The CMA is considered to be a difficult exam to crack. But do not worry; you can crack it with a good preparation strategy and hard work.
Yes, the CMA is not only valid but also in high demand in the USA.
After reading this blog, you must be overwhelmed as an accountant, student, or finance professional to pursue CMA USA. You might also have any doubts. AECC Global is an expert consultant in studying, working, and settling abroad; we can solve all your inquiries and assist you on every step of your CMA USA journey. We wish you all the best.
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