Resolve to be a US CMA in 2022.

Pass 2 exams in 12 months.

BE A FUTURE-PROOF FINANCE PROFESSIONAL

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 goal 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

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!

Be a “future-proof” finance professional!

CMA helps you to be “future-proof” as you will increasingly be expected to provide “insight” and “foresight”.
Analytics is tested on the CMA exams starting 2020.

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

IMA-MILES PARTNERSHIP

8 SUCCESSFUL YEARS

of building
the CMA ecosystem in India

Miles Education has been instrumental in creating the eco-system for CMA in India:

DEMAND

for CMAs from corporates (for hiring & L&D)

SUPPLY

of CMAs for B2C (training at 70+ universities & autonomous colleges)

We are partnered with 220 + MNCs - including the Big 4, for training and placements.

BIG 4 & PUBLIC ACCOUNTING FIRMS

F&A CONSULTING

FINANCIAL SERVICES

OTHERS (Includes Global Fortune 500)

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 approximately. 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 centers around the world. Exam passing score is 360 out of 500 for each part. Exam pass rates of over 40%.

Part One

Financial Planning, Performance, and Analytics

External Financial Reporting Decisions
Planning Budgeting, and Forecasting
Performance Management
Cost Management
Internal Controls
Technology and Analytics

Part Two

Strategic Financial Management

Financial Statement Analysis
Corporate Finance
Decision Analysis
Risk Management
Investment Decisions
Professional Ethics

Why Only 2-4 exams for
US CPA/CMA certifications?

US professional qualifications “complement” university education – e.g., to be a CMA, CPA 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

Various non-US professional qualifications tend to “substitute” university education – e.g., you can be a CA in many countries without any university education
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 graduaion; and later, meet the other requirements for the CMA certificate.
Given the provision, many student clear the CMA exams even before they graduate and get elligible for differential placements with MNCs 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

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 bachelors are eligible to take the CMA exams

Education:
Qualification - Bachelor's degree

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 PROGRESSION

CMA JOB OPPORTUNITIES WITH MNCs GLOBALLY

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.

Upskill in critical accounting and financial skills

Those who are looking to upskill themselves in critical accounting and financial skills needed for today’s complex & changing business environment.

Professionals who want to differentiate themselves

Accounting experts who need more finance skills

Finance experts who need more accounting skills

MNCs (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.

Resolve to be a
US CMA in 2022.

Pass both the exams in 12 months.