CMA Eligibility

CMA USA is globally recognised whereas CMA India is an Indian Certification. CMA USA focuses on Cost Management, I. e. Cost Reduction, auditing, whereas CMA India lays more focus on Cost Management, I. e. Cost Controlling. Article ship is not applicable in CMA USA, whereas it is applicable for six months in CMA India. Certified Management Accountant (CMA) certification has been the global benchmark for management accountants and financial professionals. IMA (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in business that offers the CMA. CMAs are considered highly desirable for FP&A job roles (financial reporting, financial planning, financial analysis and financial decision making). The CMA curriculum also focuses on developing and testing skills required to perform the aforementioned jobs. Many American CFOs choose to be CMAs themselves and prefer to hire CMAs in their teams. CMAs expertise in USGAAP and understand its distinctions from IFRS. In most cases, multinational companies registered with the SEC in USA have to provide audited annual financial statements per USGAAP. These financial statements are prepared by the internal finance team of the company. Since CMAs are well qualified in USGAAP and understand the SEC reporting requirements well, companies preparing their financial statements using USGAAP prefer to hire US CMAs for the job. The average salary package for a fresher CMA with no experience ranges from INR 4.5-6 Lacs p. a. Of course, with experience the salary increases and depending upon the role, compensations will vary.

International certifications
This is a highly specialised programme where participants would be taught globally benchmarked curriculum and will offer 14 international regulatory certifications from the US, Singapore and India. Classes will be held in New Delhi from July 27.
The participants will be taught skills to handle international clients and will be exposed to best practices during the one-week Singapore immersion programme. Singapore is ranked number one in the ease of doing business and has one of the strongest international financial centres.
Students can study globally-benchmarked curriculum while they are residing in India as well as acquire skills on securities products in Singapore and the US and the regulatory frameworks in these destinations, Chitra Ramkrishna, Managing Director and CEO of NSE, said in a statement.
Eligibility
Graduates with 50 per cent marks and those who have qualified in CAT, GMAT, XAT, CMAT, ATMA, etc, are eligible to apply. Those who have not appeared for CAT/MAT, etc, can appear for NSEs online test to be held during June 23-27 in 154 centres across India. The last date for the application is June 22.
The final selection will be based on the test score, academic profile and interview (video interview for outstation candidates). Persons with professional qualifications and experience will be given preference, an official from NSE said.