In order to become a CMA you must earn a Bachelor’s Degree from an accredited university or college. You can also do so by getting a professional certification. CMA candidates often come from varying backgrounds, but the most common degrees include accounting, finance, economics, and general business.

Certified Management Accountant (CMA) is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics.

CMA USA vs CMA India

Step 1: Join IMA here. Step 2: Pay the CMA Entrance Fee here. Step 3: Register for the exam here. Step 4: Receive confirmation of your registration, which provides your authorization number(s), testing window(s), and the Instructions for Candidates.

2018 CMA Salary. According to the 2018 survey report, the global average salary for a CMA was $81,000. If you include bonuses and other compensation, that number rises to $92,000. Total compensation for CMAs is 67% higher than non-CMAs.

The CMA exam is very difficult and it will test your intellectual limits. The industry average CMA pass rate for both sections is only 45%, meaning less than half of the people taking the test will pass. The CMA exam is notorious for its rigor and difficulty, and if you want to pass, you need to prepare.

How Hard is the CMA Exam? The CMA exam is very difficult and it will test your intellectual limits. The industry average CMA pass rate for both sections is only 45%, meaning less than half of the people taking the test will pass.

FAQs Regarding CMA Depending on your capacity and level of dedication, you can complete the course from 3 to 4 years. ANS – Yes you can register for the course but you will not be allowed to take the exams before you have cleared your Class 12 examinations.

Based on CMA pass rates alone, I’m not surprised that many potential candidates are put off from wanting to tackle this exam. In fact, the majority of candidates don’t get a passing score. With CMA exam pass rates as low as 45% for Part One and also 45% for Part Two, there is obviously a high level of difficulty.

Worldwide, Certified Management Accountants (CMAs) make $72,430 annually on average. The average CMA base salary in the Americas is $105,000. This is about $30,000 higher than the average salary for an accountant, as reported by the U.S. Department of Labor.

CMA program entrance costs $225, but student or academic IMA members are eligible for a $150 discount. CMA exam fees are $300 or $350 per part, depending on how you register and when you take the exams, for a total of $600 or $700.

You are sure to get high-status jobs after earning more salary in the industry. If you are a qualified US CMA, you can get a package of around Rs. 3-4 lakhs every month as well.

Students who have passed 10+2 are eligible for the CMA Foundation exam. The Institute of Cost Accountants of India conducts CMA Foundation exam two times in a year in the months of June and December. If you have passed the CMA Foundation exam, then you are eligible for CMA Inter.

Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute. Passed Foundation of ICSI/Intermediate of ICAI by whatever name called along with 10+2 In total 20 papers are in CMA Foundation, Inter, and Final exam.

Also, ICWA course has been renamed as CMA course. There is no difference between ICWAI and CMA, and they are the same. They are two different words used to describe one single thing. ICWAI stands for Institute of Cost and Work Accountant of India whereas CMA stands for Cost Management Accounting.

As per existing provisions, a candidate can join CMA Intermediate Course would be offered provisional admission to the Course while pursuing their undergraduate courses/studies. The student shall be eligible to appear Intermediate Course only after qualifying Graduation Examination.