CMA

What is CMA?

The Certified Management Accountant (CMA) designation is a highly respected credential awarded by the Institute of Management Accountants (IMA) which is a US-based worldwide association for accountants and financial professionals working in business.The CMA designation provides an objective measure of an individual’s knowledge and competence in the field of management accounting and financial management.

Why CMA as compared to other degrees in finance or accounting?

Academic Advantage – It’s a Single level of exam with just 2 exam papers, computerized exams with multiple-choice questions (75%) / essays.

Success Rate – Simpler exam preparation & exam pass rates exceeding 40% as compared to the relative low success rate of other certifications.

Short Course duration – In less than a year the CMA preparation can be done and you can finish the exams. We recommend a course duration of 6-8 months from the start date of the course; however, students may prefer to take more preparation time in view of their other academic & professional commitments.

Exams Round the Year – The CMA exams can be taken in Prometric centres across major cities in India. CMA exams may be taken in any of the three testing windows each year

(a) January & February
(b) May & June
(c) September & October

How to get started with CMA?

  • Make up your mind to build your career in the area of Finance and Management Accounting.
  • Prepare yourself to submit for 6-8 months of committed studies for 400-500 hours to a flying career.
  • Get enrolled with us and go through the structured training from our experts.

What do I need to get the CMA certification?

To obtain the CMA certificate, CMA candidates need to fulfill the following criteria:

Examination – Clear Part 1 & Part 2 of the CMA exams.

Education – Bachelor’s degree.
Note: The education requirement may completed prior to or within 7 years of passing the examination. This implies that students who are pursuing their bachelor’s are eligible to take the CMA exams.

Experience – Two years of professional experience in accounting or finance.
Note: The experience requirement may be completed prior to or within 7 years of passing the examination

CMA Entry options:Technically looking at a student can get started after X standard, but we would recommend you to get started during your graduation.

How is CMA beneficial to students:A CMA qualification can be a good start for a career with a MNC in the core area of finance and management accounting with a good salary. Ideal way would be to get the CMA qualification along with graduation and kick start your career on a high note. Followed by an experience of couple of years you can look at getting a MBA (if required) in a top notch B-School if you would like to get further qualified.

How to Study?

As a student you are required to attend all the sessions of the training and ensure that you are preparing well for the CMA course. The required time commitment is around 250 hours for each part, this translates to about 500 hours of study including rigorous practice of the question bank.

CMA Syllabus

The CMA exams comprise 2 parts:

  • Part-1: Financial Planning, Performance and Control,
  • Part-2: Financial Decision Making

By going through the 2 papers a student will be able to acquire in-depth knowledge of:

  • Financial Planning and Analysis
  • Financial Management
  • Internal Controls
  • Risk Management
  • Cost Management
  • Performance Management
  • Decision Analysis
  • Professional Ethics

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