CMA Full Form: Course Details, Syllabus, Salary in India 2024

What is CMA?

CMA stands for Certified Management Accountant, and is a globally recognized professional certification in the fields of management accounting and financial management. The candidate has expertise in financial analysis, preparation, decision-making support, management & professional ethics. The CMA Certification is generally offered by the U.S.-based Institute of Management Accountants. CMA full form course mainly focuses on valuation issues, financial system analysis, working capital policies and external financial reporting. 

See Also: Courses After Graduation in Commerce

Also watch -

CMA Full Form: Course Details

CMA Full Form Course

The Certified Management Accountant Course (CMA) is one of the most prominent courses across the world. It is recognized by more than 150 countries all around the world. The main benefit of CMA certification is that it is considered to be the best accounting certification for management as it has the perfect amalgamation of Business and Accounting. If an individual wants to explore a career in Business Management with a strong focus on accounting and finance, then CMA full form might be a great option to choose. The CMA course is divided into 3 levels:

CMA Course: Eligibility

Admission in Foundation Course

•  Passed Class 10 (Require to pass 10+2 before appearing in CMA Examination)
• 10+2 Pass or its equivalent (Students appearing for 10+2 also apply on provisional basis)

Registration to Intermediate Course

• Passed CMA Foundation Examination
• Graduates of any discipline (Students awaiting final result also apply on provisional basis)
•  Qualified CAT Level - I of The Institute of Cost Accountants of India
•  Qualified CA Intermediate; Qualified Engineers

CMA Course: Fees

The application fees for the various levels have been mentioned below:

CMA Full Form: Exam Pattern

Given below is the exam pattern for the intermediate, final, and foundation courses:

CMA Syllabus

Given below is the CMA syllabus for foundation, intermediate and final courses:

Differences between CMA USA vs CMA India

Here are the differences between CMA full form in the USA and India:

Check: Difference between CA, CFA, and FCA

CMA Job Roles

CMA holders explore job opportunities not only in India but also in countries such as the US, Canada, Australia, New Zealand and different parts of Europe. CMAs are in demand in various industries, including Finance, Accounting, and Management Consulting. There are numerous companies in India and across the world that hire CMA graduates like The Big 4, J.P. Morgan, Morgan Stanley, Blackstone, Apple, Google, and Accenture. Since limited people opt for CMA courses, competition is low compared to other courses. 

CMA Salary

CMA holders earn more than other candidates having just a degree and even when they switch jobs, they get a bigger raise as they have a high demand in the job market. Even in Entry-level positions, CMA full form in commerce candidates receive a solid compensation package, and their possibilities of advancement are excellent. The CMA qualification allows individuals to work in Indian as well as International companies which alone increases their earning potential. CMA salary is on an average between INR 6 TO 12 LPA. 

Here’s a detailed table outlining the average salaries for CMA job roles in India:

Read More: CMA Salary in India