5 Steps to Becoming a US Certified Management Accountant
Is it worth doing US CMA India? Is US CMA valid in India?
It’s pretty certain to ask yourself why you would want to prepare for the US professional certification. Let’s get the facts straight.
Most multinationals & Big 4s in India are registered with SEC in the USA, which complies with organizations to US GAAP-directed audit practices. Like any other firm, an internal accounting team takes care of standard finance settings for the entire organization. CMA certification presents a qualitative advantage in handling the SEC reporting requirements for having US GAAP knowledge at the job.
Considering India is swiftly sprinting to the topline in hosting US enterprises in the Indian industrial ecosystem, presents a tremendous opportunity for US CMAs in the Indian job market. US Certified Public Accountants are hence in really high demand in the job market for FP&A roles. It’s the CMA curriculum that holds most of the significance, as it provides an entire working manual to manage the rush at financial year-ends, affixing future plans for finance and a lot more. This is the reason why US CMA is a preferred choice for recruiters at MNCs & big 4s to onboard at their accounting team.
Here are the
- Enroll with a CMA course provider
- Meet US CMA Eligibility requirements
- Get your preparation roadmap chalked
- Prepare with official CMA review materials
- Schedule your exam & get tested
India is a hotbed of and a key player in Business & Knowledge Process Outsourcing. A majority of the outsourced financial work in India comes from the USA and UK since NYSE (New York Stock Exchange) and LSE (London Stock Exchange) represent the world's largest financial markets. As most major brands are American entities that follow US GAAP, this creates tremendous job opportunities for US CMAs in India (in the BPO/KPO sector). Another major source of employment for CMAs is FP&A jobs directly with American companies that have branches in India, but prepare financial statements using US GAAP, at the parent level.
The average salary package for a fresher CMA with no experience ranges from INR 4.5-6 Lakhs per annum. Of course, with experience the salary increases, and depending upon the role, compensations will vary. Overall, jobs of US CMA in India pay comparably and sometimes even better than traditional Indian finance qualifications such as ICWA.
About Miles
Miles Education is India's premier finance skills & training provider. Founded in 2010, our mission has been to build the CPA & CMA ecosystem for finance & accounting professionals in India. Miles Education has transformed the lives of tens and thousands of F&A students and working professionals, helping them be future-ready and enabling their career progression through the US CPA/CMA qualification since inception.
Founded by Harvard and Stanford alumni, Miles Education is one of India’s most trusted CPA/CMA reviews in India by professionals & students. We have offices and offer classroom training in 20+ cities in India, UAE & US. Miles Education has a strong network of corporate partnerships with 220 + MNCs, including all of the Big 4s & institutional tie-ups with more than 150+ renowned universities and institutions across India.
Alongside US CPA and US CMA, at Miles, we offer globally recognized certifications and postgraduate diploma programs from premium B-Schools like IIM’s, IIT’s, XLRI | Delhi-NCR Campus in the fields of technology and analytics, HR, emerging and exponential technologies like AI, ML, Data Science, RPA, Data Engineering, and Cloud Computing. These programs are offered in collaboration with Wiley NXT.
