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Like we have Cost accountants in India, the US cost accountants are known as US CMA (Certified management accountants), the US CMA qualification is governed by IMA (Institute of Management accountants).
There are lot of US companies operating in India, for example- Accenture, Capgemini, Cognizant, World bank, Genpact- majority of them hire US CMA for FP&A profile- Financial planning and analysis, US CMA enjoys global recognition, thus there is ever increasing demand for US Certified management accountants in India.
As per the IMA survey, US CMAs earn around $101,000 annually in the US. In India, starting salaries typically range from ₹3.5–6 LPA. At Simandhar Education, one of our alumni was placed at ₹11.5 LPA—though such packages are rare and depend on individual skillsets.
CMA typically deals with business finance team and CA1 majorly are hired in corporate finance, CMAs popularly known as Cost management are primarily concerned on reporting to internal management, whereas CA report to external stakeholders. So ideally CMA and CA are very different in substance.
CMA (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. The CMA is an advanced professional certification specifically designed to measure the critical accounting and financial management skills. This is especially relevant for success in a business environment.
Like we have Cost accountants in India, the US cost accountants are known as US CMA (Certified management accountants), the US CMA qualification is governed by IMA (Institute of Management accountants).
There are lot of US companies operating in India, for example- Accenture, Capgemini, Cognizant, World bank, Genpact- majority of them hire US CMA for FP&A profile- Financial planning and analysis, US CMA enjoys global recognition, thus there is ever increasing demand for US Certified management accountants in India.
As per the IMA survey, US CMAs earn around $101,000 annually in the US. In India, starting salaries typically range from ₹3.5–6 LPA. At Simandhar Education, one of our alumni was placed at ₹11.5 LPA—though such packages are rare and depend on individual skillsets.
CMA typically deals with business finance team and CA1 majorly are hired in corporate finance, CMAs popularly known as Cost management are primarily concerned on reporting to internal management, whereas CA report to external stakeholders. So ideally CMA and CA are very different in substance.
CMA (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. The CMA is an advanced professional certification specifically designed to measure the critical accounting and financial management skills. This is especially relevant for success in a business environment.