The US CMA profile is well-recognized globally, especially in the corporate accounting sector. Candidates who aspire to get a US CMA certification must enroll in the course to pass the exams and other requirements. Though the birth of this professional course is in the US, it has become a globally recognized program, admiring several candidates to know what a US CMA course is.
Similar to many other countries worldwide, the US CMA course has a lot of scope in India. The course focuses on specific areas like corporate finance and strategic analysis. Thus, it trains the candidates professionally according to the industry standards.
The IMA has set up a maximum duration of 3 years for the candidates to complete the course and fetch certification. But dedicated candidates can even complete the course in a minimum duration of 6 months.
US CMA Role in India
Candidates who have completed the Certified Management Accountant course can join some of the best finance companies in India to accomplish these roles:
- Administration and management of compliance
- Investment management
- Fund arrangement and management
- Supervising team of accountants
Over the last few years, India has noticed massive economic growth because of trade with the international business markets. So, candidates with US CMA certification will have prospects in India as well as in the global market. The certification will allow the candidates to work in some of the prestigious job positions like Financial Analyst, Internal Auditor, Finance Manager, Financial Controller, Chief Financial Officer, and many more.
Also, India has become a hub where demand for CMA candidates is increasing because multinational companies operating in India prefer to hire professionals like the US CMA certification holders. Such candidates seek high-end job opportunities in diverse sectors like training, education, enterprise, private, and public sector.
As the demand for the US CMA course is high in India, it is essential for the aspiring candidates to understand in-depth what the US CMA course is.
US CMA Certification Benefits in India
The CMA USA course details and duration in India highlight many benefits for aspiring candidates. One of the major benefits is that candidates can pursue the course through distance or online mode. So, even working professionals can pursue the course without hampering their ongoing profession. Secondly, the course offers a flexible duration that allows the candidates to complete the course according to their capabilities.
India now has some of the top global leaders such as Amazon, Wipro, Accenture, and many more. Such companies have collaborations with IMA according to which the candidates with US CMA certification can easily get jobs and internship opportunities in these companies. According to Naukri.com, some of the well-known companies in India are hiring US CMA candidates.
US CMA Salary in India
The US CMA course benefits candidates with professional skills, high-end career opportunities, and a handsome salary package. In India, CMA candidates are in high demand in different industries like finance, banking, private, and public sectors. Some other industries that require candidates with a US CMA certificate are:
- Manufacturing
- Construction
- Education
- Mining
- Insurance
- Healthcare
- Communication
- Transportation
The main motto of a CMA course is to train the candidates to make the right financial decisions for the organization. Such candidates are great in the skills of budgeting and cost management. Also, the course trains the candidates to make use of different applications and strategies for financial data analysis and boosting performance with the help of the right business decisions.
To fetch a handsome salary, the candidates should get into a good job profile in these areas:
- Planning and budgeting
- Financial Reporting
- Cost management
- Performance management
- Investment management
- Internal Controls
- Profitability analysis
The average salary package of a US CMA certificate holder in India is Rs. 8 lacs per annum according to Payscale.
But again the salary depends upon several factors. A fresher candidate may have a starting salary of Rs. 1 lac per annum. On the contrary, a Chief Financial Officer may earn a salary package of Rs. 72 lacs per annum or even more. Thus, the salary package will depend upon the candidate’s experience. Along with that, the salary will also depend upon many other factors like the company size and profile and also the industry in which you are joining.
Conclusion
The demand for US CMA profiles is rising in India and so is the demand for the CMA course. To prepare for the exam and certification better, it is essential to know in depth about the CMA USA course details and duration in India. One of the best ways is to enroll in a class that supports understanding the course and then passing the exam to get the certification. Zell Education is the perfect support for CMA aspiring candidates in India.