The full form of CMA is Certified Management Accountant or Cost and Management Accountant (CMA), which mean you get a certificate in the field of management accounting. It is the best career move for those who want to enhance their accounting and management knowledge and skill. The job role of the CMA is to allocate and regulate the funds.
| Particulars | Details |
| Course Name | CMA |
| Full Form | Certified Management Accountant |
| Course Type | Certificate |
| Duration | 6 Months to 4 Years |
| Eligibility Criteria | 12th Pass |
The CMA profession is a rewarding career option. Infect, there is no lack of jobs for the CMA professional. There is a huge demand for CMA in both public and private sector. After completing the CMA you can choose Indian Cost Accounts for working. By this profession, you can achieve more than your expectation. A CMA professional can appoint for one of the following post-
Financial Controller, Finance Director, Chairman, Senior Financial Director, Managing Director, Chief Executive officer, Financial Analyst, Certified Management Accountant etc.
The duration of the course is in between 6 months to 4 years. So this duration is flexible.
The CMA course is divided into three various levels-
For Level 1, candidates must have complete class 10th from an authorized board.
For Level 1, Candidates should also pass 10+2 from a recognized board.
For level 2, the Candidate must have complete class 10+2 from a recognized board.
For Level 2, the Candidate must have passed the foundation course of ICAI.
For Level 2, the Candidate must obtain an undergraduate degree in any stream.
For Level 3, the Candidate must clear the intermediate level.
CMA or Certified Management Accountant course is divided into three parts. One is the CMA foundation, the second one is the CMA intermediate and the third one is the CMA final. You need to complete all the levels to achieve the degree. In each stage, some new subjects will be introduced. You have to clear it.
The candidates are selected in various ways. Two modes are used for choosing the candidates for this course. One is the merit basis, and the other is through admission test. You need to qualify for the admission test to get selected for the course. Once you are eligible for the written test, you will be called upon for the interview round. Based on the discussion and performance, you will be chosen for the course. If you get a chance to learn in the top colleges, it will be a matter of prestige and honor.
It is an exciting subject that has immense prospects. Apart from this, you must have some skills.
It will be good to know about the syllabus of the CMA course. This will help in knowing the subject in a better manner. It takes three to four years to complete the CMA course. Let us try to explore the CMA subjects. The discussion will help to gain prior knowledge on the course. The course has 20 topics to cover.
These subjects come under CMA Foundation level
These subjects are included within the intermediate CMA level.
The above-mentioned subjects are included within the CMA final level.
It is found that the course provides flexibility during the exam period. This is the reason why most students opt for this course. You can sit for the exam anytime while the testing window is open. It is available for six months to one year. Most CMA exams are computerized so, you can take your time to appear for the exam. It depends upon your choice. The six months, usually extends from January or February, May or June, and September or October. You must have seen that these flexibilities are not available in any other courses or exams. You have to appear on the given date and time. It is a great option.
While you plan to pursue the course, you must have a good idea about the job options and prospects of the course. After completing the course, you can start working in any top MNC. Many such companies look for competent candidates from this background. You can also work as a Chief Financial Officer or CFO. You can also work as financial analyst and Corporate Controller. The job of a Chief Investment Officer is lucrative and prestigious. You will get ample career options after completing the course.
These jobs give you great exposure. The companies provide good salary packages to the right and deserving candidates. You must pursue this course for a better and good future. It will be the right choice for you.
In this part, you will know about the best colleges that offer CMA courses to aspiring candidates. It will be good to know about the colleges.
| S.No. | Colleges Name | Location | Average Fees |
| 1 | Eupristine | Mumbai | 1,53,000/- |
| 2 | Indian School of Commerce | Kochi | 85,000/- |
| 3 | IAM Business School | Bangalore | 75,000/- |
| 4 | Siddharth Academy | Thane | 21,000/- |
| 5 | Madhi Academy | Chennai | 10,000/- |
| 6 | Bharadwaj Academy | Chennai | 17,700/- |
| 7 | EduBRIC | Bangalore | 28,000/- |
| 8 | NGS Professional Academy | New Delhi | 55,000/- |
| 9 | Srinivasa Academy | Chennai | 58,000/- |
| 10 | G.C Rao Academy | Chennai | 37,000/- |
If you plan to pursue the course, you must have a good conception of the salary structure of the course. As a fresher or a beginner you can start with a salary of 4 lakhs per annum increasing with time. You can slowly get a compensation of Rs 6 lakhs per annum. However, instances show that if anyone has the ability, he can go up to 50 lakhs per annum. To do this, you need to get a job in a reputed organization that has an excellent pay structure.
It is okay if you get enrolled in a top college that provides better job placements. You will get many scopes and options. Before taking admission to any CMA college, you must make a review of the institute. It is possible to perform the same from recognized sites. The sites will give you thorough information provided it is a reputed one. Never run after the fake sites, as they will furnish you with wrong information. The package of the candidate will depend on his performance in the examination. It is thus advised to go with the candidates who have scored good marks in the exam. The course is an interesting one that has comprehensive exposures. It would help if you took it to make a better career.