CMA USA Course 2024: Dates, Syllabus, Eligibility & Fees

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The Certified Management Accountant (CMA) USA Course is a professional financial accounting certification program offered by the Institute of Management Accountants (IMA). It is a globally recognised certification that unlocks many opportunities for professionals. 

Many giants like EY,  KPMG, and PwC keep opening various job opportunities for CMA professionals in the USA. Moreover, the US Bureau of Labor Statistics has also highlighted the growing demand for jobs in business and finance. 

What’s another catch? The CMA USA course is unique because it’s all about management accounting. Unlike other accounting certifications focusing on financial accounting or auditing, CMAs focus on specific skills like cost management, budgeting, performance evaluation, and strategic financial planning. Because of these skills, employers like hiring certified CMAs. 

CMA USA Course Details:

CMA USA Course Duration 1-3 Years
CMA USA Course FeesProfessionals
Entrance: INR 25,000 ($300)
Exam (per part): INR 42,000 ($495)

Entrance: INR 19,000 ($225)
Exam (per part): INR 30,000($370)
CMA USA Syllabus -Part 1: Financial Planning, Performance, and Analytics
-Part 2: Strategic Financial Management
CMA USA Eligibility-Bachelor’s Degree
-Work Experience: 2 Years (in Finance/Accounting)
CMA Exam Dates for 2024-25-May 1, 2024 – June 30, 2024
-Sept 1, 2024  – Oct 31, 2024
-Jan 1, 2025 – Feb 28, 2025
Success Rates45% – 50% 
Average SalaryINR 67,00,000 ($80000)

Now that we have reviewed the basic overview of the CMA USA course let’s explore it in more detail. 

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What is the CMA USA Course?

The CMA USA Course, also known as the Certified Management Accountant program, is a highly professional qualification in management accounting. 

It is offered by the Institute of Management Accountants (IMA), a worldwide association for accounting and finance professionals headquartered in the USA. 

This course is highly recognised worldwide and brings ample opportunities to work in the diverse field of financial accounting. 

Why Opt For the CMA USA Course? 

As the markets are becoming more competitive, it has become essential for businesses to take consideration of their financial matters. This is where companies in the USA and abroad are looking for certified professionals to take care of their finances and help them make the right decisions and be profitable. 

This is the main benefit of opting for a CMA USA course. But that’s not all. 

There are many benefits when you opt for CMA certification in the USA: 

  • Better salary: Many global companies are spread across major cities like New York, Boston, Seattle & San Francisco. The average salary is around INR 67,00,000 ($80,000). 
  • Success rates: The success rate of the CMA course is 45 – 50% compared to India, which is around 15 – 20%. 
  • Short duration: The CMA USA course can be completed within 1-3 years, less than that of other nationalities. 
  • Work in other countries: You can work in any country as a certified CMA of IMA, as it is recognised globally. 
  • Career opportunities: You can apply for diverse job roles, such as accountant, budget analyst, financial analyst, auditor, and even chief financial officer. 

When combining all the above aspects, choosing a CMA course in the USA becomes a sound career choice. 

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CMA USA Course 2024: Dates, Syllabus, Eligibility & Fees
Check Your Eligibility for 80+ Universities across the USA
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Book a free counselling session and find universities where you can get an Admission!

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CMA USA Course: Eligibility Criteria

The Certified Management Accountant (CMA) certification is a prestigious program demonstrating your business finance management proficiency. However, it’s crucial to understand the Institute of Management Accountants (IMA) requirements before embarking on this journey.

These criteria are like checkpoints on your way to becoming a CMA: 

Academic Qualification Bachelor’s Degree
Work Experience2 Years in Finance/Accounting 
ExamPassed both Part 1 and 2 exam 
Membership Active Member of IMA
Visa RequirementsFor Students: F1 Visa
For Professionals: H1B Visa 

Note: If you are pursuing a bachelor’s degree, you can also take the CMA examination. However, you need to clear your bachelor’s before going on to the last level of the CMA exam, which is getting certification from the organisation. So, you can opt for a full-time bachelor’s course and get a student visa to enter the USA. 

Also Check: USA Visa Guide

CMA USA Course: Fees 

The Institute of Management Accountants (IMA) charges different fees for professionals and students interested in pursuing the Certified Management Accountant (CMA) designation. 

In the table below, we’ll break down the CMA USA course fees, giving you a clear picture to help you plan your journey toward earning this esteemed certification. 

Contents Professional MembersStudent/Academic Members
Entrance FeeINR 25,000 ($300)INR 19,000 ($225)
Exam FeeINR 42,000 ($495) per partINR 30,000 ($370) per part
Membership FeeINR 25,000 ($295)INR 4,100/13,000 ($49/$160)

Note: IMA updates the CMA USA course fee periodically. This data was collected in April 2024.

CMA USA Course: Syllabus

The CMA USA course prepares you for a two-part exam that tests your knowledge of financial management. It covers the financial side (like income statements and balance sheets) and the management side (like budgeting and planning for the future). This section will explain exactly what you’ll learn to crack the exam. 

Part 1: 

Part 1 of the CMA USA course focuses on external financial reporting decisions and management accounting techniques, covering financial statements, budgeting, performance management, cost management, internal controls, and technology integration.

Here is a topic-wise breakdown of the Part 1 syllabus and its weightage. 

External Financial Reporting Decisions15%
Planning, Budgeting, and Forecasting20%
Performance Management20%
Cost Management15%
Internal Controls15%
Technology and Analytics15%

Now let us discuss in detail what each of the above competencies of the CMA USA course covers:

1. External Financial Reporting Decisions: Financial Statement, Recognition, Measurement, Valuation, And Disclosure

2. Planning, Budgeting, And Forecasting: Strategic Planning; Budgeting Concepts, Forecasting Techniques, Budgeting Methodologies, Annual Profit Plan And Supporting Schedules, Top-Level Planning And Analysis

3. Performance Management: Cost And Variance Measures, Responsibility Centres And Reporting Segments; Performance Measures

4. Cost Management: Measurement Concepts, Costing Systems, Overhead Costs, Supply Chain Management, Business Process Improvement

5. Internal Controls: Governance, Risk, And Compliance; System Controls And Security Measures

6. Technology And Analytics: Information Systems, Data Governance, Technology-Enabled Finance Transformation, Data Analytics

Part 2

Part 2 of the CMA USA course exam explores advanced financial analysis, corporate finance, decision-making, risk management, investment evaluation, and professional ethics, testing candidates’ skills in these critical areas.

Here is a topic-wise breakdown of the syllabus along with its weightage. 

Financial Statement Analysis20%
Corporate Finance20%
Decision Analysis25%
Risk Management10%
Investment Decisions10%
Professional Ethics15%

Now let us discuss in detail what each of the above competencies covers:

1. Financial Statement Analysis: Basic Financial Statement Analysis, Financial Ratios, Profitability Analysis, Special Issues

2. Corporate Finance: Risk And Return, Long-Term Financial Management, Raising Capital, Working Capital Management, Corporate Restructuring, International Finance

3. Decision Analysis: Cost/Volume/Profit Analysis, Marginal Analysis, Pricing

4. Risk Management: Enterprise Risk

5. Investment Decisions: Capital Budgeting Process, Capital Investment Analysis Methods

6. Professional Ethics: Business Ethics, Ethical Considerations For Management Accounting And Financial Management Professionals, Ethical Considerations For The Organisation

(Source: IMA Website)

Understanding the CMA exam syllabus helps you focus on suitable topics, plan your study efficiently, and feel confident for the test. It’s like having a map that guides you to prioritise what matters most and boosts your chances of doing well.

Also Read: Average Cost of Living in the USA

CMA USA Exam Dates: Testing Window

The CMA USA exam offers testing opportunities during specific windows each year. This flexible scheduling will allow you to choose exam dates that align with your goals. 

Here is the schedule of the upcoming exam dates for the year 2024-25: 

Proposed Exam Dates Last Date of Registration
May/June 202415 June 2024
September/October 202415 October 2024
January/February 202515 February 2024

Knowing the CMA USA course exam dates helps you organise your study plan, giving you ample time to prepare before the exam window. This way, you can balance your studies with other obligations, reducing stress and boosting your confidence for the big day. 

How To Apply For CMA in the USA?

Starting your journey towards a Certified Management Accountant (CMA) qualification in the USA can lead to promising career paths in management accounting and financial management. 

Below, we have outlined the stepwise process to apply for the CMA USA course: 

  • Visit the IMA website.
  • Move to the top menu and click on the ‘certification’ option. A drop-down menu will appear.
  • Click on the ‘Enroll in the CMA’ option in the menu. 
  • A page will open. Scroll a bit down and click on the “Enroll now” button.
  • You will be redirected to a page where you must ‘Register’ for the IMA. 
  • After registering, you must opt for an IMA membership (the instructions will be given on your screen). 
  • Once you’re a member, you can enrol as a CMA candidate with the step-by-step assistance provided on the website.
  • Decide whether to take the CMA Part 1 or Part 2 first. 
  • Pay the exam fees. 

Note: The IMA website allows you to register for the exams directly within your member account. After enrolling as a CMA candidate, look for the exam registration section.

Also Read: Study CMA in Canada

How To Prepare For CMA in the USA?

Before you jump into the preparation process, invest some time in understanding the syllabus. Then make a routine and follow the below tips consistently to crack the exam:

  • Planning: Devote at least 12 hours weekly and set smart goals to maintain concentration. 
  • Resources: Use IMA materials, review courses, and textbooks to prepare well. 
  • Active Learning: While attending sessions, take thorough notes, solve practice questions, and consider joining a study group for interactive learning.
  • Exam Preparation: Simulate exam scenarios, manage study time efficiently, and prioritise personal well-being.

Additional Tip: To improve your preparation, seek support from peers or mentors and stay informed about any updates to the CMA exam syllabus.

CMA USA Course: Career Opportunities 

Getting your CMA certification in the USA opens doors to many great jobs in different industries. This respected certification shows you’re good at managing money, making you a top choice for many job titles. 

Some of the best profiles you can opt for after becoming a CMA are: 

Job Profiles Average Salary
Chief Financial OfficerINR 2.7 Cr ($320,000)
Investment Banking AnalystINR 1.7 Cr ($190,000)
Financial Risk ManagerINR 1.4 Cr ($170,000)
Budget AnalystINR 83.5 L ($100,000)
Financial AnalystINR 83.5 L ($100,000)
Management AccountantINR 80 L ($95,000)
Internal AuditorINR 71 L ($84,000)
Cost AccountantINR 66 L ($80,000)
Source: Glassdoor

Also Check: City Wise Average Salary for CMA in the USA

Top Recruiters for CMA in the USA

  • EY
  • KPMG
  • Deloitte 
  • PWC
  • Amazon
  • Bain& Co
  • JP Morgan
  • BCG
  • Bank of America 
  • Boeing

Depending on your interest, you can choose any of the above profiles and explore the job opportunities from many companies in the USA and abroad. 

Suggested Read: Average Salary in USA for 2024: The Best Guide

Summing up

The CMA USA course by the IMA is very valuable in growth and career. You can begin your professional career right after cracking this exam and landing your desired job in a good organisation. 

Once you have decided, nothing can stop you from becoming a CMA in the USA. So what are you waiting for? Talk to our counsellors for professional guidance on kickstarting your journey.

Frequently Asked Questions

  • Q. What is the CMA USA course?

    A. The CMA USA course helps you get ready for the Certified Management Accountant certification, which is a big deal in the world of accounting and finance. It’s offered by the Institute of Management Accountants (IMA). This course teaches you essential skills like planning finances, analysing data, and making smart decisions, all of which are key to a successful career in business.

  • Q. Is CMA USA harder than CPA?

    A. In the US, going for the CMA is seen as easier than aiming for the Certified Public Accountant (CPA). The CMA exam has two parts, with some multiple-choice questions and essays. On the other hand, the CPA exam has four parts, focusing more on written answers. Because of this, the CMA exam has a higher pass rate. So, if you want to get certified faster, the CMA might be the simpler choice.

  • Q. Is USA CMA difficult to pass?

    A. The CMA exam in the USA has a passing rate of 45%, which is higher than that of India, which is 15-20%. It comprises two sections, encompassing multiple-choice questions and essays, to evaluate your comprehension of financial principles and your capacity to apply them. It covers a wide range of subjects in finance, but it is moderately challenging to pass the exam. Dedicated and focused study efforts can substantially improve your exam chances.

  • Q. Who is eligible for CMA USA?

    A. To qualify for the CMA USA certification, candidates must hold a bachelor’s degree in any discipline and possess two years of pertinent experience in management accounting or financial management. This requisite experience may be acquired before or after completing the examinations, allowing candidates a degree of flexibility in meeting eligibility criteria.

  • Q. Is CMA equal to MBA?

    A. No, CMA and MBA are not the same. CMA is a certification for accounting and finance professionals, while an MBA is a broader business degree. CMA focuses on financial analysis and decision-making, whereas an MBA covers marketing, strategy, and leadership. Decide which one aligns better with your career goals.

  • Q. Is CMA USA good for the future?

    A. Choosing the CMA USA certification prepares you for a solid career path. With businesses increasingly relying on data-driven decisions, there’s a growing need for skilled financial analysts—the exact expertise the CMA provides. In today’s globalised and complex business world, vital financial planning and analysis skills, which the CMA emphasises, are crucial. Plus, the CMA’s focus on strategic thinking means you’ll remain valuable even as automation advances.

  • Q. Is CMA USA course expensive?

    A. Opting for a CMA course is moderately expensive.  The entrance fee is $300, the exam fee is $495 per part (a total of $990 for both parts), and the membership fee is $295. In total, it will be $1585, which is truly worth it as it adds value and opens doors to many prestigious opportunities. 

  • Q. Can I get a job after CMA USA?

    A. Getting certified as a CMA USA can really boost your chances of landing a job in finance and accounting. It shows that you’re skilled in financial analysis, budgeting, and making smart strategic decisions – qualities that employers value. Plus, it opens up many job opportunities in both the public and private sectors, no matter what industry you’re interested in.

  • Q. Is CMA US in demand?

    A. Definitely, there’s a high demand for CMA USA professionals. Companies want financial experts who do more than just basic accounting. CMAs focus on budgeting, analysis, and strategic planning, which are crucial for making important business decisions. These skills are valued across different industries, offering excellent job opportunities and the chance for higher salaries.

  • Q. Can I join CMA USA course after the 12th?

    A. You can begin preparing for the CMA exam after completing 12th grade, but achieving certification entails more than just studying. Although there’s no mandatory educational prerequisite initially, obtaining a bachelor’s degree and relevant experience is necessary to become certified. 

  • Q. What is CMA USA’s salary?

    A. CMAs typically earn a competitive salary in the USA, influenced by location, experience, and industry. On average, certified professionals can expect to earn a median salary ranging from $60,000 to $120,000 per year. However, this figure can vary based on specific circumstances, with experienced individuals often commanding higher salaries, particularly in specific regions and industries.

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Jhansi Rani

Jhansi Rani is an experienced overseas education counsellor and specializes in helping students choose the right academic path in the USA.

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