The US CMA course is a well known globally recognized and acceptable professional certification in the domain of management accounting and financial management as a whole. US CMA offers cutting edge career opportunity and jobs over similar regional courses. It lies in the fact that US CMA jobs prospect ranges from private to public sectors, from service to manufacturing industries, from academic institutions to NGOs and pertinently to various MNCs.
US CMA job opportunities – India
It is quite evident that in India, we have entered in to the era of globalization. In respect to that, employers need professionals having specialized skill, knowledge and expertise in value creation/addition and developing strategic business plans.
In reality, those days are gone when a basic academic degree with a couple of years work experience was suffice to get a job. Instead, the need of the hour is to hire specialized trained professionals having multifaceted approach like an US CMA qualified applicant in the row.
In recent years, with increasing economic growth of India along with the inflow of foreign investments, the importance of US CMA in India has also been elevated to a great extent. Moreover, US CMA course is being considered as an esteemed designation in the corporate sector in India and abroad, thus having much better hiring indices in Indian MNCs.
In spite of the fact that majority of people have inadequate concept about a particular career path, undoubtedly, a basic commerce graduation degree with US CMA certification, is gaining momentum to fetch a job in both public and private financial sectors.
In this scenario, CMA US credential is protruding as a strong and most sought after career portfolio in India with continuously expanding horizon. This is particularly evident in manufacturing units where CAs are still not well equipped with the relevant knowledge to tackle the accounts of manufacturing industries.
Major US CMA job positions
1. Finance Controller
2.Tax analyst & Consultant
3.Research Analyst
4.Cost Accountant
5.Legal Advisor
6.Finance Manager
7.Cost Auditor
8.Forensic Accountant
9.Financial Analyst
10.Cost Estimator
11.Assistant Controller
12.Compliance Manager
Key companies offering US CMA jobs in India
Among many, some of the Big 4 and other companies those hire CMA US applicants are mentioned below as examples.
Deloitte, PWC, KPMG, EY, Accenture, Infosys, Cognizant, HP, Barclays, Max Life, Morgan Stanley, Amazon, Genpact, Honeywell etc.
Since, accounting is the backbone of every industry and business, to be at par with globalization, a professional accounting credential like US CMA has been appearing as a top preferred career option among the Indian students with a commerce background. In addition, being a highest management accounting certification, the scope of US CMA spans across various levels in a company.
US CMA job salary in India
The latest Middle East/Africa/ India (MEAI) CMA Salary Survey 2022, from IMA (Institute of Management Accountants) revealed that a median salary of a US CMA professional is above 76% higher than non-CMAs.
The survey invitations were sent to 7,949 IMA members in the Middle East/Africa/India (MEAI) region. It was found that the difference in total compensation between CMAs and non-CMAs worldwide is nearly USD 23,000.
The survey results indicate the median total compensation in India stands at USD 16,300, as compared to salary in MEAI (USD 27,000) and globally (USD 67,500). Further, the respondents holding the CMA in India, has an average total compensation of USD 29,685, which is 53% higher compared to non-CMAs in India.
In addition, for those in top management in India, average total compensation was 45% greater compared to those in senior management. For further reading we have additional articles on US CMA salary.
Median compensation of US CMA salary by various job roles
In India, a fresh US CMA candidate in India can get a starting salary of INR 4-8 lakhs per year. This can go up to nearly INR 80 Lakhs once you become a CFO of a company.
Market outlook on US CMA job opportunities – India
According to BLS( Bureau of Labor Statistics), in India, the employment in the accounting field will increase by 10% within 2026, thus indicating increasing opportunities for US CMA jobs. Doubtlessly, it can be stated that CMA US certification can enlighten your future career graph in the arena of accountancy and finance in Indian backdrop.
Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro
Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized US CMA course study center.
Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.
Some of our exclusive features include.
A. Authorized partner of IMA US CMA course in India
B. Live online classes ensuring that the regular office working hours is least impacted
C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. We have a pass rate of 80% in US CMA course exams
D. Affordable US CMA course fees with special discount in your IMA fees.
E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass
F. Comprehensive coverage of US CMA course details including authorizedGLEIM CMA study materials , class mock session, IMA registration and job assistance.
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