What can you do with a CMA Certification?

The US CMA certification in accounting is gaining wide momentum in India compared with other global counterparts. This wide spread awareness has increased employability scope for young financial and accounting enthusiasts. The rapid business growth has caused the urge to hone new and innovative professional capabilities to match industry needs. CMA accreditation enables accountants to develop competency and stand out among the experts on the frontline of tech-integrated financial skills.

The accreditation board for US Certified Management Accounting, IMA conducted a survey back in 2020, to check the awareness of the credentials and received some impressive stats under the observation.

• Over 52 respondents had a formal university degree.

• About 85% of the participants had a university degree and 26% of them had advanced degrees

• Indian IMA members work 45.5 hours per week, next to the US with 46.3 hours per day.

• 48% of the respondents pursuing CMA have a median age of 34 as the youngest of the IMA members.

• 46% of Asians caters to middle management job roles.

• The earning level of US CPA holders is twice than their Indian counterparts.

This international benchmark for strategic thinking may be the perfect path for accounting or finance professionals to advance their careers. The entire credentialing process is crafted for candidates to get a grasp of how most finance firms run their operations. This associates an array of tools and analytics that are used on the work desk which makes applications easy for the onboarded professional at the task. In addition, it will help candidates to get an overview of data storytelling and its advantage over strategic decision-making.

CMA, a progressive profession...

Advancements in economies, businesses, and governments have placed skilled finance and accounting professionals in top demand. Globalization is significantly responsible for IMA's expansion, but the establishment also expects membership growth to accelerate in automation, AI, and blockchain technology which may help in tuning down the redundancy in the accounting processes and enhance the quality of advisory services.

Professionals must upskill themselves to meet career goals and meet organizational standards in terms of core competency supported by evolving advancements in technology and innovative professional set-ups. In a world that is becoming increasingly automated, professionals can prepare to take CMA certifications to keep their skillsets relevant for the current and future needs in a challenging environment. IMA's is offering major support and resources to accountants to become certified accounting professionals.

Farces like Covid-19 have led the emergence of challenging roles to cater to the newborn industry. The CMA–IMA’s flagship certification helps to aspire and established finance and accounting professionals develop key skills like -

• strategic thinking

• sensitivity analysis

• scenario planning

• And, in deriving actionable insights

The above skills benefit the role of Financial Analyst, Financial Planner, Cost Accountant, Corporate Controller, and Chief Financial Officer (CFO). One can also opt systems analyst, management consultant, business analyst role to check for diversity. To check new job roles, you can keep an eye out for Miles's CMA jobs.

Miles Education provides US CPA/CMA credentials to finance & accounting professionals. Miles Education has always focused on helping students and professionals become future-ready and preparing them for a career in accounting and finance through the US-certified accounting qualifications. Committed to this goal, today Miles is India's largest and #1 for the review courses it provides! This organization’s contributions have been instrumental in developing the CPA/CMA ecosystem in India, it has expanded in nine cities and partnered with 100+ MNCs, including all four Big 4. Keeping student/professional-centric services at the heart, Miles Education has risen to the top ranks when it comes to providing US CPA/CMA training certifications in India.