Should I pursue CMA, and What Is the Average Salary Someone Can Expect?

For finance and accounting professionals hoping to advance to leadership positions within their organisation, a Certified Management Accountant (CMA) certification is an essential credential. To get qualified as a management accountant, your certification is an essential credential. To get qualified as a management accountant, you can pursue US CMA or Indian CMA certification. Both are valuable, but they are not the same in terms of job chances, worldwide recognition, exam methodology, or eligibility requirements.

Why get a CMA certification?

CMA certification offers several benefits, including:

1. Job Demand: Top employers often consider candidates with CMA certifications for various finance job roles.?
2. Employment Opportunities: Finance and accounting professionals with a CMA India certification have a wealth of job options in the Indian corporate industry. The US CMA certification must be obtained to be eligible for positions abroad.
3. Career Growth: To work as a CMA in India, you must obtain a CMA India certification. For financial and accounting professionals looking to advance in their roles in their company, a CMA certification is essential.?
4. High Salary: Compared to non-CMAs, professionals with the CMA certification earn a higher salary.? This is due to the fact that businesses view CMA-certified personnel as extremely competitive and capable of generating high-quality work.
5. International Recognition: People who want to work abroad should pursue US CMA, as it has global recognition. Despite being recognized in the country, the CMA certification in India may not be accepted overseas.
6. Professional Networking: CMAs in India can secure an associate membership in the Institute of Cost Accountants of India (ICAI) and enjoy professional networking. Those who pursue US CMA and get certified can become members of the Institute of Management Accountants (IMA). It has a global network of about 140,000 accounting and finance professionals.
7. Continuous Learning: CMA certification requires continuous education to stay competitive in the finance industry. If you pursue US CMA, you can gain knowledge of the global finance sector.
8. Strengthen Resume:?A CMA certification added to your credentials can greatly boost the likelihood that an employer will review your resume.

CMA US vs. CMA India: The Right Choice?

The CMA US and CMA India certifications both have their worth in the management accounting field, but they differ in certain aspects.?

• CMA India

1. Eligibility: 12th pass or Bachelor’s degree from a recognized university
2. Examination Pattern: 4 parts
3. Recognition: Recognized in India but may have limited recognition abroad
4. Job Opportunity: Job opportunities in several major Indian companies

• CMA US

1. Eligibility : Any bachelor’s degree from a recognised university or any related professional certification
2. Examination Pattern: 2 parts
3. Recognition : Global recognition
4. Job Opportunity: Access to vast global employment opportunities

Careers After CMA Certification

The career options after US CMA and CMA India are the same, and some of them are:

• Financial Analyst
• Cost Accountant
• Financial Risk Manager
• Various C-suite executive posts?
• Chief Financial Officer (CFO)

Salary of a CMA

The annual average salary for a CMA in India is INR 7 lakhs, with a salary range of INR 3.6 to INR 40.2 lakhs. However, CMAs working in the U.S. and other countries are paid more.?

In summary

The finance industry places a high emphasis on CMA US certifications. These credentials are regarded as the gold standard when it comes to selecting outstanding candidates for various positions in the financial industry. If you are considering becoming a CMA expert, it’s best that you get training from a leading organisation that prepares for the exam.?

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