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Everything you want to know about the CMA certification

April 26, 2016
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Going for the CMA certification is a great career move, especially when you aspire to make it big in the field of management accounting. But before getting into it, it is important that you know every detail about the course, eligibility, exam structure, salaries and the opportunities it will offer. You need not go anywhere else to find all these information, just sit back and continue reading and I am sure that by the end of it you’ll have answers to all your questions related to the CMA certification.

Eligibility for CMA

CMA Eligibility

To get the CMA certification, you must have:

  • Membership of IMA
  • A Bachelor’s degree from an accredited university
  • Two years of relevant experience
  • Passed both the parts of CMA Exams

CMA Exams

CMA exams are divided into two parts (four hours for each part) the syllabus of which is as below:

Syllabus for CMA Exam Part 1

  • External Financial Reporting Decisions
  • Planning, Budgeting and Forecasting
  • Performance Management
  • Cost Management
  • Internal Controls

Syllabus for CMA Exam Part 2

  • Financial Statement Analysis
  • Corporate Finance
  • Decision Analysis
  • Risk Management
  • Investment Decisions
  • Professional Ethics

The candidates have to clear both these parts within 3 years of registering for CMA.

When can you appear for the exam?

The candidate can appear for the exam in the following months

  • January and February
  • May and June
  • September and October

CMA Exams are administered by Prometric which has centers all over the world. You’ll have to schedule your exams atleast 72 hours prior (It is advisable to schedule atleast 4 week in advance)

Career Prospects after completing CMA

Career Prospects after CMA

Obtaining the CMA certification will open a lot of opportunities for you in the domestic as well as the global market. It will help you to enhance your financial, accounting and management skills that will expand your career potential and which will help you to stand out from the rest. Some of the job roles that you expect after completing CMA are:

  • Finance Manager
  • Financial Analyst
  • Financial Risk Manager
  • Financial Controller
  • Cost Accountant
  • Chief Financial Officer
  • Cost Manager
  • Relationship Manager

Learn more about the job roles to be pursued after CMA

Salary after CMA

Now comes the most important question, “How much will you earn after CMA?” Well that depends on various factors like company size, your position in the company, experience level etc. Below you can find the salary of CMA in India from all these different perspectives.

CMA salaries by Years of Experience

Like every other certification and field, the salary of CMAs too increases with the increase in the years of experience. If you have just started out, you might not able to draw a big amount but after completing a couple of years, there is no looking back.

CMA  salary by experience

CMA salaries by Job Role

Finance Managers and Financial controller are the positions that you must look out for as they are the highest earning positions but if you are starting out, it is quite possible that you might have to work as finance analyst.

cma  salary by job role

CMA salaries by City

If you are a CMA and situated in Bangalore, then you are in a happy place as you are earning more as compared to the CMAs in other cities.

cma  salary by city

CMA salaries by Company Size

Bigger the company, higher will be the salary. But after a point when the number of employees are more than around two thousand then you can expect a dip.

CMA  salary by company size

Salary Source - Payscale

Not just in India but CMAs earn a very good salary across the globe. You can check the same by going through the 2015 Global Salary Survey Report by IMA .

So does that solve all your doubts regarding the CMA certification? If you have any other queries then mention them in the comments box below and it shall be solved at the earliest. You can also call on our Toll Free No – 1800 200 5835 to get the CMA course details.

If you have already made the decision of going for CMA and are looking for a training institute then EduPristine is an institute that provides CMA trainings online and offline that will help you clear your exams easily. Check the CMA course details and Enroll Now.


About the Author

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, it is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, and Operational Risk Modeling. EduPristine has conducted more than 500,000 man-hours of quality training in finance.


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