What is CMA?
CMA (Certified Management Accountant), is a designation provided by IMA (Institute of Management Accountant). It is a US based course existing since 50 Years. CMA certification has been the global benchmark for Management Accountant and Financial Professionals. It is equivalent to Indian CMA as per the MOU entered by IMA and ICMAI.
Scope
In all, there are 70,000 members around the world and approximately 8,000 students appear for the exam every year. According to various surveys, the median total compensation of CMAs is 67% higher than that of Non-CMAs. Average salary for CMA fresher would be approximately 4-5 Lakhs INR, after two years it can reach upto 6-8 Lakhs INR depending upon the corporate and academic skills of the candidate.
Major Industries where the employability of CMAs are: MNCs, Consulting firms, Financial services, Investment Banking, etc.
Designation that will be offered to candidate after becoming CMA are: Cost Accountant, Internal Auditor, Budget Analyst, Financial Analyst, CFO, Controller, etc.
Eligibility And Entry With Exemption
|
Qualification |
Entry Point |
Total Years |
Total No. of Papers |
Pathway |
|
9th |
12th |
6 Months |
2 |
Join Navkar ↓ Register with IMA ↓ Book Your Exams ↓ Appear for Exam ↓ Become CMA |
|
12th |
12th |
6 Months |
2 |
Exam Details
|
Subject |
Marks |
Major Focus Area |
CBT |
Passing |
|
Part 1 Financial Planning, Performance and Analytics |
500 |
Financial statement, Planning, Budgeting, Performance Management, Cost Management, Internal Control, Technology and Analytics |
CBT (MCQ + Essay Question) |
72% |
|
Part 2 Strategic Financial Management |
500 |
Financial Statement Analysis, Corporate Finance, Decision Analysis, Risk Management, Professional Ethics |
CBT (MCQ + Essay Question) |
72% |
Total Investment
|
CMA Entrance Fee |
Exam Fee |
Total Investment |
|
|
For Student / Academic Members |
$188.00 USD |
$622.00 USD |
₹1,09,000 (INCLUDES REGISTRATION OF IMA ,EXAM FEES , NAVKAR MATERIAL AND LECTURES) |
|
For Working / Professional |
$250.00 USD |
$415.00 USD Per Part = $830.00 USD |
|
