US Certified Management Accountant (CMA) qualification, a globally recognized credential that places a strong emphasis on financial accounting and strategic management.
This highly competitive certification, administered by the Institute of Certified Management Accountants (ICMA) under the Institute of Management Accountants (IMA), opens doors to numerous opportunities and benefits worldwide.
The demand for CMA professionals is on the rise, especially in countries like India and the USA, where an increasing number of corporations are establishing their operations.
Miles Education recognizes the significant supply and demand mismatch for these highly educated experts in the US. CMA professionals find employment across various industry verticals, and their placement opportunities are not limited to a single qualification or sector.
Many CMAs eventually ascend to the position of Chief Financial Officer (CFO) in major corporations, attesting to the value of this certification.
The US is currently experiencing a shortage of these specialists, making the US CMA certification an outstanding choice for aspiring accountants or those seeking career advancement within their organizations.
Once you obtain your US CMA, Miles Education will guide you through a myriad of career opportunities available in India and the US.
To ensure success in management accounting, Miles Education follows the IMA Management Accounting Competency Framework, which identifies essential skills and abilities.
The framework undergoes a job analysis every 5-6 years to understand the evolving needs of professionals in the field. It is divided into six key areas:
- Strategic Planning and Performance: This encompasses visionary leadership, guiding the strategic planning process, risk management, and performance monitoring.
- Reporting and Control: Focuses on developing efficient internal controls and proficiency in accounting and financial statement preparation based on US GAAP and IFRS.
- Technology and Analytics: Covers the skills required to handle technology in the workplace and perform data analysis to enhance organizational success.
- Business Acumen and Operations: Concerned with an individual’s role as a cross-functional business partner in transforming company-wide operations.
- Leadership: Encompasses the skills needed to interact with others and inspire teams to achieve organizational objectives.
- Professional Ethics and Values: Addresses the importance of understanding professional principles, ethical behavior, and legal compliance in long-term company strategy.
Career Opportunities after Completing US CMA Certification
- Finance Manager: Take charge of operational decisions, including forecasting and budgeting, and develop a strong understanding of the finance industry.
- Financial Analyst: Responsible for tracking financial reports, preparing reports, and providing measures to improve company productivity.
- Financial Controller: A multifaceted role involving analysis, internal reviews, administrative tasks, and financial strategy formulation.
- Cost Accountant: Ideal for those with strong organizational and numerical skills, focusing on expense tracking and margin analysis.
- Chief Financial Officer (CFO): The pinnacle of the financial industry, where US CMA qualifications equip you to manage a company’s financial performance.
In addition to the US CMA program, Miles Education also offers the Masters in Accountancy with Analytics Track (MAcc) program, which can further enhance your career prospects in United States of America.
With these qualifications, you’ll be well-prepared to secure employment in leading US accounting firms.