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Mayank Mishra
Updated on 24th July, 2024 , 4 min read
CMA Full Form: Course, In Commerce, Salary
CMA Full Form
The full form of CMA-Certified Management Accountant is a globally recognized professional certification in the fields of management accounting and financial management. The candidate has expertise in financial analysis, preparation, decision-making support, management & professional ethics. The CMA Certification is generally offered by the U.S.-based Institute of Management Accountants. CMA full form Course mainly focuses on valuation issues, financial system analysis, working capital policies and external financial reporting.
See Also: Courses After Graduation in Commerce
CMA Full Form: Course Details
CMA Full Form: Course
The Certified Management Accountant Course (CMA) is one of the most prominent courses across the world. It is recognized by more than 150 countries all around the world. The main benefit of CMA certification is that it is considered to be the best accounting certification for management as it has the perfect amalgamation of Business and Accounting. If an individual wants to explore a career in Business Management with a strong focus on accounting and finance, then CMA full form might be a great option to choose. The CMA course is divided into 3 levels:
CMA Full Form: Eligibility
Admission in Foundation Course
- Passed Class 10 (Require to pass 10+2 before appearing in CMA Examination)
- 10+2 Pass or its equivalent (Students appearing for 10+2 also apply on provisional basis)
Registration to Intermediate Course
- Passed CMA Foundation Examination
- Graduates of any discipline (Students awaiting final result also apply on provisional basis)
- Qualified CAT Level - I of The Institute of Cost Accountants of India
- Qualified CA Intermediate; Qualified Engineers
CMA Full Form: Fees
The application fees for the various levels have been mentioned below:
CMA Full Form: Exam Pattern
Given below is the exam pattern for the intermediate, final, and foundation courses:
CMA Full Form: Syllabus
Given below is the CMA syllabus for foundation, intermediate and final courses:
Differences between CMA USA vs CMA India
Here are the differences between CMA full form in the USA and India:
Check: Difference between CA, CFA, and FCA
CMA Full Form: Career Scope
CMA holders explore job opportunities not only in India but also in countries such as the US, Canada, Australia, New Zealand and different parts of Europe. CMAs are in demand in various industries, including Finance, Accounting, and Management Consulting. There are numerous companies in India and across the world that hire CMA graduates like The Big 4, J.P. Morgan, Morgan Stanley, Blackstone, Apple, Google, and Accenture. Since limited people opt for CMA courses, competition is low compared to other courses.
CMA Full Form: Salary
CMA holders earn more than other candidates having just a degree and even when they switch jobs, they get a bigger raise as they have a high demand in the job market. Even in Entry-level positions, CMA full form in commerce candidates receive a solid compensation package, and their possibilities of advancement are excellent. The CMA qualification allows individuals to work in Indian as well as International companies which alone increases their earning potential. CMA full form salary is anywhere between INR 5 TO 7 LPA.
Read More: CMA Salary in India
CMA Full Form: Jobs
After the completion of CMA course full form, individuals will be able to work as:
- Cost Accountant
- Chief Financial Officer
- Managing Director
- Finance Director
- Financial Consultant
- Cost Controller
- Financial Controller
- Accountant
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Frequently Asked Questions
What is the full form of CMA?
CMA full form is Certified Management Accountant.
What is CMA course duration?
CMA course duration in India is 3 years.
What does a CMA do?
track the financial statements, play the role of a supervisor, predict the future risks that may affect the productivity of a company etc.
How long does it take to complete CMA?
It takes 3 years to complete CMA in India.
What is the salary of a CMA in India?
Average salary for a CMA in India is 7 Lakhs per year (₹58.3k per month).
What is the scope of CMA?
In short, CMA is a specialised course with significant potential in India and globally. The value of a CMA has grown significantly in recent years. This is because of India's economic expansion, the entry of significant foreign corporations into its market, and the Make in India campaign.
What's better CMA or CPA?
If a candidate is interested in auditing, taxation, reporting, and regulation, he or she should pursue CPA, whereas CMA is a better alternative for someone interested in management, strategic analysis, and decision making.
Is CMA a popular course?
The CMA course is increasing in popularity among business students, particularly those who want to pursue a career in Cost and Management Accounting.
Who Earns More CA or CMA?
Which one pays the most? A Chartered Accountant earns an average of 8,06,154 INR per year in India, whereas a Certified Management Accountant earns an average of 5,50,000 INR per year. As a result, we can conclude that a CA makes more than a CMA.
Is CMA exam difficult?
The CMA exam is extremely demanding and will put your wits to the test. The industry average CMA pass rate for both sections is only 45%, which means that only around half of those who take the test will pass. The CMA exam is recognised for its rigour and difficulty, and you must prepare if you want to pass.
Is CMA better than MBA?
The CMA is a professionally recognised qualification, whereas the MBA is an academic degree. Though both are highly sought after career goals in the accounting sector, the CMA focuses on management accounting while the MBA in Financial covers a far larger range of finance units.
What is the passing criteria for CMA Final examination 2024?
Candidates to pass CMA Final examination 2024 should score a minimum of 40% marks in each subject and an overall aggregate of at least 50% marks.
What kind of subjects are covered in the CMA Exam?
The CMA Exam covers subjects like accounting, laws, ethics, finance, cost and financial management, taxation, company accounts, and audit, etc. Apart from this, there are other subjects in the CMA Syllabus which you can check above.
How many papers are there in the CMA?
There are total of 20 papers in the CMA Exam distributed in the CMA Foundation, CMA Inter, and CMA Final.
What is the pass percentage for CMA intermediate exam?
In order to qualify for CMA exams, a candidate is required to obtain a minimum of 40% marks in each subject and an aggregate of 50% or more.
What is the benefit of a CMA course?
The main benefit of CMA certification is that it is considered to be the best accounting certification for management as it has the perfect amalgamation of Business and Accounting.
Who are the top recruiters for CMA?
There are numerous companies in India and across the world that hire CMA graduates like The Big 4, J.P. Morgan, Morgan Stanley, Blackstone, Apple, Google, and Accenture.
What are the three levels of the CMA course?
The CMA course is divided into 3 levels: Foundation, Intermediate, Final.
What is the CMA course all about?
CMA Course mainly focuses on valuation issues, financial system analysis, working capital policies and external financial reporting.
What is the full form of CMA in India?
The full form of CMA in India is Cost and Management Accountant.