Program Overview – B.Com – (H) CMA
US CERTIFIED MANAGEMENT ACCOUNTANT (US CMA)
The 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
globally recognized, advanced-level credential appropriate for Accountants and financial professionals in
business.
Why CMA?
For more than 40 years, the CMA® (Certified Management Accountant) certification has been the global
benchmark for management accountants and financial professionals. Why? Because CMAs can explain
the "why" behind numbers, not just the "what." And that can give you greater credibility, higher earning
potential, and ultimately a seat at the leadership table.
How much does a CMA earn?
CMAs earn 47% more in the U.S. than professionals without the CMA. In fact, a 22 – year old CMA
could enjoy more than $500,000 in additional lifetime earnings. More importantly, the certification is a
pathway to a more successful business career: one that opens doors, builds confidence, closes skills gaps,
and lets you tap into a network of 100,000 professionals around the globe. As our CMAs will tell you, it's
an investment that pays a lifetime of dividends and lets you rise above the competition. The results are in:
IMA's Global Salary Survey and third-party studies confirm that CMAs get a career and earnings
premium.
In the U.S., median total compensation is 47% higher for CMAs over peers without the CMA or CPA.
Globally, the median total compensation is 67% higher for CMAs over non- CMAs.
CMA: Everything You Need to Know
The CMA Exam: Two Parts covering 11 Competencies
Part One: Financial Reporting, Planning, Performance, and Control
- 15% External Financial Reporting Decisions
- 30% Planning, Budgeting, and Forecasting
- 20% Performance Management
- 20% Cost Management
- 15% Internal Controls
Part Two: Financial Decision Making
- 25% Financial Statement Analysis
- 20% Corporate Finance
- 20% Decision Analysis
- 10% Risk Management
- 15% Investment Decisions
- 10% Professional Ethics
CMA - Pass Rates
- 50% pass rate globally
- 4,000 CMAs granted each year on average
- 55,000 CMAs awarded to date, each and every one earned through testing
CMA IN THE INDIAN CONTEXT
CMA is the US equivalent of the Indian Cost Accountant qualification from The Institute of Cost
Accountants of India (formerly ICWAI).
CMAs have knowledge of:
Financial Planning and Analysis
Financial Management
Internal Controls
Risk Management
Cost Management
Performance Management
Decision Analysis
Professional Ethics
The credentials and knowledge base of a CMA is a big advantage when working with
MNCs, financial services or consulting firms
Career opportunities
Career opportunities for CMAs include but are not limited to:
Multi-national companies
Financial services or consulting firms
US-based firms & organizations
Opportunities for CMAs are boundless as they often expand their careers beyond the traditional
management accounting realm to provide related services for many different types of
organizations.