CMA USA

CMA in USA

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 Full Form

CMA USA expands to Certified Management Accountants in the United States of America.

CMA USA: Course Details

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

Benefits of Studying CMA USA

  • The most significant advantage you will get from taking CMA USA is career growth and development. It is a fact that numerous middle and senior-level professionals, who want to earn expertise in the financial management, accounting, and business world, pursue it, so it is beneficial.
  • CMA USA is a global qualification. After completing your degree, you get opportunities in America and countries like India, China, the United Kingdom, Canada, and the middle east countries.
  • CMA gives you an opportunity for high financial success. Statistics show that 58% of professionals with a CMA USA qualification see a rise in salaries and benefits. In comparison, 37% of individuals aged between 20 and 29 get a salary benefit.
  • You can complete it within 12 to 18 months. The exam is hosted three times a year in January & February, May & June, and September & October, which gives you plenty of opportunities to complete your certification on time.
  • CMA is a versatile degree, meaning you can enrol in it regardless of your course. For example, If you have two years of work experience and a bachelor's degree in engineering, business administration, economics, accountants, or finance. In that case, you are allowed to enrol in CMA USA.

Quick Read: Study in the USA

Who Should take CMA Course 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

CMA USA Course Duration

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.

CMA USA: Course Fees

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.

  • CMA entrance fees (for professional members, non-refundable) - 250 USD.
  • Exam fee (for professional members) - 415 USD per part.
  • CMA entrance fee (for student members) - 188 USD*.
  • Exam fee (for student members) - 311 USD.
  • IMA membership is required and additional.

CMA USA: Syllabus

  • Technology and Analysis.
  • Internal Controls.
  • Cost Management.
  • Performance Management.
  • Planning, Budgeting, and Forecasting.
  • External Financial Reporting Decisions.
  • Financial Statement Analysis.
  • Corporate Finance.
  • Decision Analysis.
  • Risk Management.
  • Investment Decisions.
  • Professional Ethics.

CMA USA: Eligibility

  • You need to have a registered member with the IMA.
  • You need to have a UG degree from a well-known university or college. It should be in the relevant field.
  • You should also have at least two years of work experience in management accounting or financial accounting.
  • You must comply with the IMA's Statement of Ethical Professional Practice.

CMA Scholarship

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.

How to Apply for CMA USA?

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.

Books Recommended to Study CMA USA

  • Wiley CMA Excel Learning System Exam Review 2017.
  • Gleim's CMA Review: Business Applications.
  • Certified Management Accountant (CMA), US – Part 1: Financial Reporting, Planning, Performance, and Control by Muhammad Zain.
  • Strategic Financial Management.
  • CMA: Financial Planning, Performance, and Control Exam Secrets: CMA Test Review for the Certified Management Accountant Exam. 

Jobs After CMA USA

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)

CMA India vs CMA USA

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

CMA USA vs CMA Australia

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

FAQ 

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.


Print
Image

Study Destinations

Popular Courses

4
Enquire NowTalk to UsCourse SearchWhatsApp Us