Certified Management Accountant (CMA)
Certified Management Accountants are professionals distinguished by their expertise in financial decision-making, strategic planning, and management. Their skill set, which combines accounting and management proficiency, positions them as valuable contributors to organizational growth and profitability.
Eligibility Criteria and Educational Pre-requisites
To embark on the CMA journey, individuals must hold a minimum of a bachelor’s degree and possess at least two years of full-time professional experience in management accounting or financial management. The CMA examination comprises two parts: financial planning, performance, and analytics. And the next will be strategic financial management.
Career Opportunities
CMAs play pivotal roles in various financial aspects, including general ledger work, month-end close processes, financial planning and analysis (FP&A), financial reporting, risk management, variance analysis, and internal controls. Beyond these tasks, they actively engage in broader organizational matters, providing valuable insights derived from financial information.
Salary Prospects
CMAs typically command a higher salary compared to their non-certified counterparts due to their specialized knowledge and skills. The average salary for a CMA in India varies based on factors such as experience, location, and industry.