Finance and accounting are highly in-demand professionals in the current competitive job market. The Certified Management Accountant (CMA) is one of the most sought-after qualifications in this profession. You’ve come to the right place in case you are asking yourself How to Become a CMA.
This Jahangir Tutorials blog gives a step-by-step guide on how to become CMA , which includes qualifications, exams, abilities, and employment opportunities.
What is CMA, and How to Become a CMA ?
To know how to become a CMA, it is vital to understand the meaning of CMA. Certified Management Accountancy is an international standard of management accounting and financial management. It provides professionals with superior skills in planning, analysis, control and decision making.
Having a Certified Management Accountant designation can:
- Career opportunities are open all over the world.
- Grow your income potential.
- Provide you with a competitive advantage over other financial practitioners.
- Assist you in getting leadership positions in multinationals.
The Step-by-Step Guide on How to Become a CMA
The CMA (Certified Management Accountant) qualification may be your ticket to a good career in finance and accounting. However, the real question is – How to become CMA ? Don’t worry!
The following is a brief, stepwise tutorial for How to Become CMA :
Step 1: Check if You’re Eligible
Ahead of time, make sure you check the boxes.
For Certified Management Accountant India (ICMAI):
- Pass 10+2 or equivalent
- Enroll in the Foundation Course for Class 12.
- The intermediate level may be taken up by graduates directly.
For Certified Management Accountant USA (IMA):
- A bachelor’s degree from a reputable college.
- 2 years of professional work experience.
Step 2: Choose Your Path
Here, you determine where you will go.
Certified Management Accountant India (ICMAI) : Specializes in taxation, accounting and corporate laws in India.
Certified Management Accountant USA (IMA) : This one is created to be globally exposed in finance and management.
Step 3: Register and Enroll
After deciding your path, it is time to start formally.
Certified Management Accountant India – Registration at the ICMAI site.
Certified Management Accountant USA – Register via the IMA site.
Once you have been registered, you will receive study material, syllabus and exam schedules to help jumpstart your preparation.
Step 4: Get the Right Coaching
This key, self-study will not suffice the majority of applicants. CMA exams require advice, organization and strategic thinking.
That is why Jahangir Tutorials offers:
- Idea quality under the guidance of experts.
- Real-world examples to understand better.
- Practice questions and new study materials.
- The correct coaching makes your Certified Management Accountancy experience a lot easier.
Step 5: Crack the Exams
The big hurdle—exams!
Certified Management Accountant India: Foundation, then Intermediate and Final.
Certified Management Accountant USA: Two parts →
1) Financial Planning, Performance and analytics.
2) Strategic Financial Management.
Step 6: Get on-the-job Training.
There is more than passing exams; Becoming a Certified Management Accountant is about putting knowledge into practice.
Certified Management Accountant India: Needs on-the-job Training.
Certified Management Accountant USA: Requires 2 years of pertinent working experience.
This will guarantee you that you are employment-ready on the first day.
Some of the careers that may be pursued after attaining CMA are listed below.
In case you are serious about how to become a CMA, you should be aware of the career benefits:
Management accounting roles, cost analysis roles, and financial management roles.
Such roles include Cost Accountant, Financial Analyst, Internal Auditor and CFO.
Salary packages in India and overseas are very high.
Opportunities in different industries such as banking, manufacturing, IT and consulting.
Final Thoughts
Now that you know the step-by-step process of How to become a CMA, you can be a student or a professional who wants to pursue a rewarding career in the field of finance. Eligibility for exams to career opportunities, every phase must be planned and dedicated.
At Jahangir Tutorials, we believe in helping the students in the right direction with the right resources and guidance. We also offer CA Inter Law Classes so that you can enjoy the best of learning to pursue your professional career.
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FAQs
Q1: What is the time required to be a CMA?
The completion of all phases of CMA generally takes 2-4 years, according to the route (India or USA) and the preparation taken by the student.
Q2: Would it be possible to study Certified Management Accountancy and graduate?
Yes, a lot of students are taking CMA in addition to their degree since they want to avoid wasting time and want to begin their careers sooner.
Q3: Is Certified Management Accountant better than CA?
CMA and CA are both prestigious. CMA is more management accounting and decision-making oriented, whereas CA is more about auditing and taxation. It will depend on your professional ambitions.
Q4: How expensive is the CMA course?
In the case of CMA India, the amount will be between 50000 and 75000. In the case of CMA USA, fees can be increased based on membership and exam fees.
Q5: What can Jahangir Tutorials do to assist me in becoming a CMA?
Our services offer highly trained professors, current study resources, practice questions, and advice to CMA students, which will give them an increased likelihood of passing.
