Be future-proof finance professional

Be a US CMA

CMA (Certified Management Accountant) is a globally recognized management accounting credential offered by IMA (Institute of Management Accountants), US.

The CMA certification has been the global benchmark for management accountants and financial professionals. Why? Because CMAs can explain the "why" behind numbers, not just the "what." And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table.

With academic content organized over just 2 exam parts and the designation achievable over less than 9 months, the CMA designation offers an extensive value proposition:

International Credibility
Strong Knowledge Base in Finance & Accounting
Significant career progression opportunity
Other benefits: Leadership skills, international perspective, elite professional network

CMA course USPs:

Academic Advantage (2 parts, single-level exam, 75% MCQs)
Convenience (computerized online exams, exams held over 6 months every year)
Short Course duration (can be completed within 9 months)

CMA @F&A roles = “Value Creation”

Management Accountants help create value, rather than simply measuring it!

CMA helps you to be “future-proof” as you will increasingly be expected to provide “insight” and “foresight”

Source: Gartner Inc., as published in Strategic Finance, Tech Practices, January 2015

IMA-Wiley-Miles Tri-party Aggrement

IMA-Wiley-Miles have a tri-party agreement whereby Miles CMA Review is the “official” partner of IMA (Institute of Management Accountant) in India.
Founded by Harvard and Stanford alumni, Miles CMA Review is one of the very few Platinum Course Providers for IMA across the world (and the only Platinum Course Provider for IMA in India).
Miles provides training using official IMA-licensed Wiley CMAexcel Learning System. Videos by one of world’s favorite CMA instructors – Varun Jain, CPA, CMA, Harvard B-School alumnus.

CMA career opportunities & progression

Including with MNC’s globally

MNCs (including Global Fortune 500 companies and Big 4) sponsor the CPA/CMA program including the Miles study materials and training fees for their professionals

This reflects the industry demand for CPA/CMA as well as Miles’ credibility for CPA/CMA training.

Miles corporate tie-up for CPA/CMA training:

Only 2 exams to become a CMA

Road to CMA: 2 exams = 2 milestones

The 2-part CMA exams cover a broad-base of topics – all a Management Accountant or Financial Analyst needs to know!

Students would need approx. 400 hours to prepare for the exams

Exams are conducted across 3 exam testing windows: Jan-Feb, May-June, Sep-Oct (6 months/year) at Prometric centres around the world.

Exam passing score is 360 out of 500 for each part. Exam pass rates of over 40%

Part 1
	Financial Reporting, Planning, Performance and Control (4 hours--100 questions and 2 eassy questions)
	External Financial Reporting Decisions	15%
	Planning, Budgeting and Forecasting	30%
	Performance Management	20%
	Cost Management	20%
	Internal Controls	15%

Part 2
	Financial Decision Making (4 hours--100 questions and 2 eassy questions)
	Financial Statement Analysis	25%
	Corporate Finance	20%
	Decision Analysis	20%
	Risk Management	10%
	Investment Decisions	15%
	Professional Ethics	10%

Why only 2 exams on CMA vs. 13-20 exams on global public accounting qualifications?

US professional qualifications “COMPLEMENT” UNIVERSITY EDUCATION – e.g., to be a CPA, CMA or CFA, a university degree is mandatory

Therefore, these are crisper in content and focus only on skill-gaps that are needed to be a F&A professional
Designed to be pursued alongside a full-time job and to facilitate the career progression for professionals

Indian (or even UK) professional qualifications tend to “SUBSTITUTE” UNIVERSITY EDUCATION – e.g., you can be an Indian CA, CMA or CS without being an under-graduate!

Therefore, these are lengthy and also encompass what a candidate would have covered (or simultaneously covers) in a university degree

The CMA Certificate

Earn the letters “CMA” to showcase after your name!

Professionals with 2+ years of experience only need to clear the 2-part CMA exams to earn the CMA designation.
IMA also has a student membership category whereby students can clear the 2-part CMA exams along with their graduation; and later, meet the other requirements for the CMA certificate. Given this provision, many students clear the CMA exams even before they graduate and get eligible for differential placements with MNC’s given their status as IMA members who have cleared the CMA exams.

To obtain the CMA certificate, candidates need to fulfill the following criteria:

Examination: Clear Part 1 & Part 2 of the CMA exams
Education: Qualification - Bachelor’s degree
- Note: The education requirement may be completed prior to or within 7 years of passing the examination. This implies that students who are pursuing their bachelor’s are eligible to take the CMA exams
Experience: 2 years of professional experience in accounting or finance
- Note: The experience requirement may be completed prior to or within 7 years of passing the examination

CMA career opportunities & progression

Including with MNC’s globally

The CMA is for:

Accounting and finance professionals at all levels who want to excel at their jobs or expand their career potential
Accountants and Financial Decision Makers who want to obtain an advanced professional certification specifically designed to measure the accounting and financial management skills that drive Business Performance.
Those who focus specifically on financial planning, analysis, control, and decision support, as well as professional ethics.
Those who are after the critical accounting and financial skills needed for today’s complex & changing Business Environment.

MNCs (including Global Fortune 500 companies and Big 4) sponsor the CPA/CMA program including the Miles study materials and training fees for their professionals

This reflects the industry demand for CPA/CMA as well as Miles’ credibility for CPA/CMA training.