Title: What is the highest-paying cma salary in India, according to IMA?
1US CMA Salary In India High
The Certified Management Accountant course (US
CMA) is offered by the Institute of Management
Accountants (IMA) in the US. It is an
internationally recognised course that allows you
to work in countries such as the US, Canada,
Australia and New Zealand. Usually, Management
Accountants are hired by customer-focused
companies such as Apple, Amazon, Google,
Coca-Cola and Dell. With enough skill and
experience, you may even get promoted to be the
CFO of a company. If you are planning to become
a US CMA, here are the expenses you can expect
US CMA Exam Fees Wondering how much it will
cost you to pursue US CMA? Here are the
nitty-gritty details There is a certain amount
that you need to pay to the IMA body to register
for the US CMA exam. The exam fees for US CMA
will be
2different depending on whether the candidate is a
full-time student or a professional. A complete
breakdown of the US CMA exam fees is as follows
Fees breakdown Students Professionals
IMA Membership Fee USD 39 (INR 3029) USD 245 (INR 19032)
Entrance Fee USD 210 (INR 16313) USD 280 (INR 21751)
Exam Fee USD 345 per part (INR 26800) USD 460 per part (INR 35734)
Note Subject to the conversion rate. US CMA
Course Fees In addition to these exam fees, you
may also need to sign up for a US CMA coaching
class. The course fees for US CMA will differ
depending on where you sign up. At Zell
Education, the total fees for US CMA are INR
85,000. So your overall expenses for the US CMA
course will be anywhere between INR 1 to 1.3
lakhs.
3- Now that we have covered your overall expenses,
lets take a look at - how much you will earn after you complete the
course. - US CMA Salary in India
- In India, the expected salary for US CMAs can
vary based on a variety of factors. Some of them
are as follows - Salaries based on job profile in India
- One of the main factors that will affect your
earning potential is the job profile you work
for. After completing US CMA, the salary you can
earn depending on your job profile can be as
follows
Job Profiles Salaries
Accountant INR 8 to 13 LPA
Management Accounting Analyst INR 9 to 13 LPA
Financial Consultant INR 6 to 10 LPA
4Reporting Analyst INR 5 to 8 LPA
Financial Advisor INR 10 to 20 LPA
CMA Salary packages based on experience in
India Another important factor that affects your
salary is how much experience you have.
Experience enhances your skillset and makes you
ideal candidate for several firms.
Source
5Source
- CMA Salary packages offered in India based on
industry - Based on the industry you work in, your salary
expectation as a US CMA professional can be
elaborated as follows.
Industry Average Annual Salary
FMCG Companies INR 5.7 lpa INR 7.2 lpa
6Education / Training Companies INR 6.3 lpa INR 8.1 lpa
Analytics / KPO / Research Companies INR 6.6 lpa
Engineering Construction INR 8.5 lpa
PetroChemicals Companies INR 16.0 lpa INR 20.0 lpa
? Company-wise differentiation of CMA salaries
in India Your salary package may differ based on
what company you work for. If the company you
work for is highly reputed, you can expect a
higher salary.
7Source Also Read US CMA vs CMA India Which is
Better Career Option ?
- US CMA Eligibility Criteria
- You can start studying for CMA after completing
your class 12. - To be certified as a CMA, you will need a
Bachelors degree, completion of the CMA papers
and 2 years of work experience. - Once you fulfill the eligibility criteria for US
CMA, you can work in the field of management
accounting in countries like the US, Canada,
8Mexico, Australia and New Zealand. You can also
pursue additional courses after US CMA if you
would like to specialize in a specific area of
accounting and finance such as US CPA or
CFA. Certified Management Accountant (CMA) is a
credential awarded by the Institute for
Management Accountants, USA. This global
certification is open to all students who have
completed their 102 or the high school
equivalent. If you are interested in pursuing a
career in accounting, check out our Certified
Management Accountant (CMA) course. Is US CMA
different from Indian CMA?
Yes, the Indian CMA course allows you to work as
a cost accountant in India, whereas the US CMA
course allows you to work in the field of
management accounting in the US and North
America. How many papers are there in the US
CMA?
In US CMA there are two papers that you need to
clear, Part 1 is Financial Planning, Performance,
and Analytics, and Part 2 is Strategic Financial
Management.
9What is the work experience requirement for US
CMA?
To get the CMA certification, you need to get at
least 2 years of continuous work experience.