Certified Management Accountant (CMA) is a globally-recognized position, with a special focus on Corporate Finance and Management Accounting, offered by the Institute of Management Accountants. It is an advanced professional certification designed to measure critical accounting and financial management skills.
The US CMA consists of two parts:

Part 1 - Financial Planning, Performance, and Analytics

Part 2 - Strategic Financial Management

Two years of relevant work experience in accounting or finance are required to apply for a certificate.

Career after CMA

A US CMA course offers up many doors to a range of career possibilities:

  • Chief Financial Officer

  • Finance Manager

  • Financial Risk Manager

  • Financial Controller

  • Financial Analyst

  • Cost Accountant

Total cost for CMA

For Professionals

  • CMA Entrance Fees - $280

  • Exam Fees - $460 (per part) IMA

  • Membership Fees - $260

For Students

  • CMA Entrance Fees - $210

  • Exam Fees - $345 (per part) IMA

  • Membership Fees - $45

Note: Overall cost for completing the CMA course will be within Rs. 1,85,000/-

CMA Course Duration

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.

US CMA Eligibility

Educational level

  • The US CMA Exams are administered by IMA, the world’s largest management accounting body. IMA offers membership to all the aspirants who successfully clear 2 CMA exams.

  • 12th in India (Associate degree outside India) is required to appear for the US CMA exams.

  • Graduation is required to be eligible for a CMA credential.

  • Aspirants pursuing Graduation are also eligible for US CMA Credential.

US CMA Testing Windows

IMA conducts US CMA exams in three testing windows every year in India and all over the world. The testing windows are as below.

  • January – February

  • May – June

  • September – October

Point of Difference US CMA US 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 Cost Controlling
Recognition Globally recognised Indian certification

US CMA vs Indian CMAn

The 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 two 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).

  • 25% of the examination consists of essay questions.

The 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.

Your key to adding "US CMA" after your name is the US CMA Certificate.

For the US CMA title and certificate, professionals with more than two years of experience are qualified.

But if a candidate submits an application for the US CMA title while still a student and passes the CMA part exams while still in college, the candidate will have enough time to acquire 2 years of relevant experience and obtain the US CMA certificate.

This method has been used by many of our clients to pass the US CMA exams, providing them a competitive edge in seeking employment after graduation. Graduates with management accounting expert certification would be very scarce.

Syllubus

Financial Planning, Performance, and Analytics

  • Section A – External Financial Reporting Decisions (15%)

  • Section B – Planning, Budgeting, and Forecasting (20%)

  • Section C – Performance Management (20%)

  • Section D – Cost Management (15%)

  • Section E – Internal Control (15%)

  • Section F – Technology and Analytics (15%)

The CMA Part 1 has 100 MCQ and 2 Essay Question. One has to score 360 marks out of 500 in order to crack it.

Strategic Financial Management

  • Section A – Financial Statement Analysis (20%)

  • Section B – Corporate Finance (20%)

  • Section C – Decision Analysis (25%)

  • Section D – Risk Management (10%)

  • Section E – Investment Decisions (10%)

  • Section F – Professional Ethics (15%)

The CMA Part 2 has 100 MCQ and 2 Essay Question. Part 2 is comparatively easier to start of with.

Passing Criteria

A student must receive 360 out of 500 marks on the question paper, which consists of 100 multiple-choice questions and 2 case study questions, in order to be deemed successful.

Examination Window

  • January

  • February

  • May

  • June

  • September

  • October

Examination Center

  • Exams for CMA USA is conducted by the examination body called Prometrics.

  • Exam centres are available in India in most of the cities including Bengaluru, Chennai, Thiruvananthapuram, Hyderabad, Gurgaon, Kolkata and Singapore, Malaysia, Abu Dhabi, Dubai, Qatar, USA and many more.

Why Ryan International??

  • Dedicated Teachers - 200+ hours of live video classes taught by the best CPA and CMA instructors, along with more than 400 hours of pre-recorded sessions from Ryan International. There are also dedicated sessions for students everywhere to clear up their questions.

  • Complete study materials - 10,000+ multiple-choice questions, 500+ task-based simulations, 200+ essays, extensive web content, and printed textbooks are all included.

  • AI (Artificial Intelligence) support - An artificial intelligence program, is used to help students identify their areas of strength and weakness and develop stronger exam tactics.

  • Live Interactive classes and Online Classes

  • Student-centred Approach - Our students are our top priority. Everything we do depends on ensuring the satisfaction of the students. We go above and beyond to make your CMA experience as easy as possible.

  • Successful Mentors Support & IT Support

  • Mock Test & Performance Analysis

  • End-to-end support

  • Placement Support - By utilizing our extensive network of MNCs, including the Big 4, we give our students access to exclusive internship and full-time job possibilities.