If you are an Indian professional who is interested in a career in management accounting, CMA certification is a valuable investment. It can help you to increase your earning potential, improve your job prospects, advance your career, and become a more well-rounded professional.
Let us understand how:
Certified Management Accountant (CMA) certification:
Certified Management Accountant (CMA) certification is a professional designation offered by the Institute of Management Accountants (IMA). It is a global certification that employers recognize in over 180 countries.
Here are some of the benefits of CMA certification for Indian professionals in the USA:
- Increased earning potential: CMA holders typically earn more than their non-certified counterparts. According to the IMA’s 2023 Salary Survey, the median total compensation for CMA holders in the USA is $125,000.
- Better job prospects: CMA certification is a highly sought-after credential by employers in the USA. A CMA certification can give you a competitive advantage in the job market and help you land your dream job.
- Career advancement opportunities: CMA certification can help you to advance your career in management accounting. CMA holders are often qualified for senior-level positions and can earn higher salaries.
- Global recognition: CMA certification is a global certification that employers recognize in over 180 countries. This makes it a valuable asset for Indian professionals who want to work internationally.
In addition to these benefits, CMA certification can also help you develop the skills and knowledge necessary to be a successful management accountant. CMA certification covers a wide range of topics, including financial accounting, management accounting, strategic management, and risk management.
Opens doors for US Public Accounting Firms:
The demand for accountants in public accounting firms in the USA is on the rise, driven by a shortage of skilled accountants and changing financial regulations. Companies, both large and small, rely heavily on skilled accountants to maintain financial accuracy, ensure compliance with tax laws, and conduct thorough audits. This demand surge presents a significant opportunity for Indian accountants, making the USA a promising destination for rewarding careers in public accounting.
CMAs can work in public accounting firms in the USA, but their roles may differ from those of CPAs. While CPAs are specifically licensed to perform tasks related to auditing and Taxation services, CMAs are experts in management accounting, financial planning, and analysis.
However, CMAs can still find opportunities in public accounting firms, especially in areas such as internal auditing, cost accounting, Taxation services, and financial analysis. To enhance their eligibility for roles typically performed by CPAs in public accounting firms, CMAs may consider pursuing additional certifications such as the US Tax Bootcamp to broaden their skill set and increase their competitiveness in the job market.
This certification expands their expertise into taxation, internal auditing, and information systems auditing, areas often covered by CPAs in public accounting firms. By obtaining these certifications, CMAs can position themselves as well-rounded professionals capable of handling a wider range of tasks within public accounting settings.
Complimentary US Tax Bootcamp by Miles Education:
Embarking on your CMA journey with us not only opens doors to prestigious opportunities but also comes with exclusive perks! Besides completing two exams within just 12 months, allowing you to fast-track your career, our program equips you to work with India’s Big 4 and multinational corporations. But the advantages don’t stop there. We provide a direct pathway for accountants to work in the USA, offering a competitive starting salary of $60k (₹50 Lakhs+).
As an added bonus, Miles Education offers a complimentary US Tax Bootcamp, a valuable resource preparing you for flourishing careers in high-demand tax roles within US public accounting firms. This free, expert-led training ensures you’re well-equipped for the challenges of the dynamic accounting landscape. Join us to kickstart your journey to success!