Frequently Asked Questions
1. What is US CMA? Who should pursue it?
The US CMA (Certified Management Accountant) designation is primarily aimed at professionals in corporate finance and accounting roles, such as financial planning and analysis, and decision support. It is commonly pursued by individuals on a career track toward positions like Chief Financial Officer (CFO) or other senior financial management roles.
2. Who administers the US CMA program and grants the certification?
It is administered by IMA(Institute of Management Accountants) a US based organisation. Thus, the US CMA is a globally recognised certification.
3. How much time do I need to pass both CMA exam parts?
It is recommended to allocate at least 300-400 hours of study time for each part of the CMA exam and it typically takes 1 year to finish both the parts.
4. Where do I take the CMA exam?
The CMA exam is administered at Prometric testing centers worldwide. You can choose a convenient location when scheduling your exam.
5. Can I work and study US CMA?
Yes, many candidates successfully balance work and study. However, it requires careful time management and dedication.
6. What is the eligibility criteria for the US CMA course?
To be eligible for the CMA certification, candidates must have a bachelor’s degree from an accredited college or university and two years of professional experience in management accounting or financial management. However, for appearing for the exams one can be in the first year of bachelor’s degree. They can earn the experience after they have passed both the CMA parts.
7. What if I don’t complete the exam in three years?
If you do not pass both parts of the CMA exam within three years of registering, your scores for any part passed will expire, and you will have to retake both parts.
8. Is the US CMA course recognized in India?
Yes, the US CMA is widely recognized in India and many other countries, offering great career opportunities in the field of management accounting.
9. What is US CMA Course Scope in India?
The scope of the US CMA in India is vast, as it opens up career opportunities in various fields such as financial analysis, budgeting, and strategic management. The qualification is highly valued by multinational companies.
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